Solex Energy Ltd.
Snapshot View

53.20 -2.80 ▼-5.0%

23 July 2021, 03:31:06 P.M.
Volume: 8,000

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Electric Equipment Compare with Industry peers
Website http://www.solex.in
Financial Indicators
Market Cap 31.38 Cr.
Earnings per share (EPS) 2.84 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 18.73 Trailing Twelve Months Ending 2021-03
Industry PE 91.45 Trailing Twelve Months Ending 2021-03
Book Value / Share 43.24 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.23 Calculated using Price: 53.20
Dividend Yield 0.94 Period Ending 2020-03
No. of Shares Subscribed 0.59 Cr. 5,899,258 Shares
FaceValue 10
Company Profile

The company was originally incorporated on October 13, 2014 as ‘Solex Energy Private Limited’ under the provisions of the Companies Act, 2013 with the Registrar of Companies, Gujarat. Further, Company was converted into Public Limited Company and consequently name of company was changed from ‘Solex Energy Private Limited’ to ‘Solex Energy Limited’ vide special resolution passed by the Shareholders at the Annual General Meeting held on September 09, 2017. A fresh certificate of incorporation consequence to conversion was issued on September 22, 2017 by the Registrar of Companies, Ahmedabad.

Business area of the company

Solex Energy is engaged in providing renewable energy solutions, specialized in the manufacturing of Solar photovoltaic module, solar home light, solar street light, solar lantern, solar power plant, solar invertors, solar water heating systems and wood fired water heater etc. It also provides the offered appliances in numerous specifications and customization in accordance with the demands of customers. The company is an ISO 9001:2015 Certification, ISO 14001:2015 Certification, OHSAS 18001:2007 and CE MARK CERTIFIED offering systems of high quality and reliability. Solex modules are TUV certified & tested by the UL India Pvt. Ltd and comply in accordance with the standards. SEL’s products ranges from Solar PV Module (3WP - 325 WP), Solar Lanterns (CFL & LED Base), Solar Home Light System (CFL & LED Base), Solar Street Light System (CFL & LED Base), Solar Off-Grid Power Plant (Solar Rooftop Systems), Solar Grid Connected Power Plant, Solar Water Heater Flat Plant Collector, Solar Water Heater ETC Type, Solar Submersible Pump (AC & DC), Solar Surface Pump (DC). It also provides solution for solar roof top system, solar home and rural lighting system, solar power pack and solar power plant. SEL products are eligible for Subsidy from Government which is reduced from sales value during the sale of Product and thereafter release to the Company directly from Government.

Major events and milestones

  • 2014-15: Incorporation of the Company in the name and style of ‘Solex Energy Private Limited’
  • 2014-15: Company has acquired the running business of ‘M/s Sun Energy Systems’ a proprietorship concern of their Promoter engaged in manufacturing of Solar Panels and other renewable Energy Devices vide business transfer agreement dated November 12, 2014.
  • 2014-15: Certificates of Compliance by Accredium Certifications for Standard IEC 61215:2005, IEC 61730-2:2004, IEC 61730:2005 (Salt Mist Test), AMD 1-2011-11 (Including testing).
  • 2014-15: Certificate of Compliance as ISO 9001:2008 for its Quality Management Systems
  • 2014-15: Certificate of Compliance as ISO 14001:2004 certified for its Environmental Management Systems
  • 2014-15: Certificate as OHSAS: 18001: 2007 certified for its Health & Safety Management Systems
  • 2014-15: Certified for Photovoltaic Module (PV) by UL India Private Limited for comply with IEC 61701 Standard for Salt Mist Corrosion testing
  • 2015-16: Certified by SGS-TUV SAAR GMBH (Germany) for Solar Products
  • 2017-18: Conversion of Company from Private Limited to Public Limited Company. Consequently name of the Company has been changed from Solex Energy Private Limited to Solex Energy Limited.
  • 2017-18: Certificate of Compliance as ISO 9001:2015 for its Quality Management Systems
  • 2017-18: Certificate of Compliance as ISO 14001:2015 certified for its Environmental Management Systems
  • 2017-18: Certificate as OHSAS: 18001: 2007 certified for its Health & Safety Management Systems

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-5.00%
1 Week
-0.37%
1 Month
-1.94%
3 Month
+10.37%
6 Month
+61.21%
1 Year
+129.81%
2 Year
+94.16%
5 Year
6 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 10.41 25.13 32.71 36.76 31.51 22.19
Return on Capital Employed (%) 6.83 21.65 37.04 42.02 34.35 28.63
Return on Assets (%) 1.11 3.12 4.62 8.20 7.96 6.19

Balance Sheet View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1 2 4 14 18 22
Non Curr. Liab. 0 1 1 3 4 5
Curr. Liab. 7 12 20 36 51 44
Minority Int.
Equity & Liab. 9 15 25 52 73 71
Non Curr. Assets 0 2 2 1 1 1
Curr. Assets 8 13 23 51 71 70
Misc. Exp. not W/O 0 0
Total Assets 9 15 25 52 73 71

Profit Loss View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 6 46 34 101 149 138
Other Income 0 0 0 0 0 0
Total Income 6 47 35 101 149 138
Total Expenditure -6 -45 -32 -96 -141 -131
PBIDT 0 1 2 6 8 8
Interest 0 -1 -1 -1 -1 -1
Depreciation 0 0 0 -1 -1 0
Taxation 0 0 0 -1 -2 -2
Exceptional Items
PAT 0 0 1 3 5 4

Cash Flow View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -2 1 1 -4 5 2
Cash Fr. Inv. -2 -1 0 -3 -3 -1
Cash Fr. Finan. 4 0 0 6 -2 -2
Net Change 0 1 1 -1 0 0
Cash & Cash Eqvt 0 1 2 0 1 1

Shareholding Pattern View Details

8 Qtrs 2017-09 (%) 2018-03 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%)
Promoter 97.73 70.43 70.43 70.43 70.43 70.43 70.43 70.43
Public 2.27 29.57 29.57 29.57 29.57 29.57 29.57 29.57
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.59

Announcements View Details

No Corporate Announcement found.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing Current Week Low Close Crossing Current Week Low

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