Solex Energy
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
Get instant stock alerts
- Share Price
- Financials
- Revenue mix
- Shareholdings
- Peers
- Forensics
Share Price
Coming soon
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
Financials
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
Revenue mix
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Forensics
Recent events
-
News
-
Corporate Actions
Solex Energy secured domestic work orders worth ₹74.77 crore, including taxes, to manufacture and supply solar photovoltaic modules. The orders were scheduled for execution across December 2026. Solar PV module manufacturing accounted for about 90% of the company’s FY26 revenue of roughly ₹1,618 crore. Its July-August order and letter-of-intent package was valued at ₹845.84 crore, while total order visibility stood at around ₹3,400 crore.
Powered by Tijori
Solex Energy secured domestic work orders worth ₹74.77 crore, including taxes, to manufacture and supply solar photovoltaic modules. The orders were scheduled for execution across December 2026. Solar PV module manufacturing accounted for about 90% of the company’s FY26 revenue of roughly ₹1,618 crore. Its July-August order and letter-of-intent package was valued at ₹845.84 crore, while total order visibility stood at around ₹3,400 crore.
Powered by Tijori
** Solar photovoltaic modules maker Solex Energy's SOEX.NS shares rise 3.4% to 737.2 rupees
** Company receives work orders totaling 747.7 million Indian rupees ($7.91 million) for the supply of solar PV cells
** Stock trades at a trailing 12 month PE of 18.32 vs industry median of 18.67 - data compiled by LSEG
** Solex's return on equity stands at 47.06%, compared with 31.57% for peer Waaree Energies WAAN.NS
** YTD, SOEX down 40.4%, while WAAN falls 13.4%
($1 = 94.4775 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** Solar photovoltaic modules maker Solex Energy's SOEX.NS shares rise 3.4% to 737.2 rupees
** Company receives work orders totaling 747.7 million Indian rupees ($7.91 million) for the supply of solar PV cells
** Stock trades at a trailing 12 month PE of 18.32 vs industry median of 18.67 - data compiled by LSEG
** Solex's return on equity stands at 47.06%, compared with 31.57% for peer Waaree Energies WAAN.NS
** YTD, SOEX down 40.4%, while WAAN falls 13.4%
($1 = 94.4775 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
Solex Energy’s Q1 FY27 investor presentation covered a ₹628.37 crore N-Type TOPCon module order from a global renewable-energy group, a ₹42.47 crore order received in August and a ₹175 crore letter of intent whose master services agreement was still being signed. The company said the three items, worth ₹845.84 crore in total, were targeted for execution by 31 December 2026. It put the capex for a 2.2GW N-Type TOPCon cell line at about ₹1,050 crore and said it was exploring ₹700 crore of debt and roughly ₹350 crore through a mix of equity and debt. Q1 total revenue was ₹265.63 crore, up 1.8% year on year, while EBITDA was ₹33.79 crore and net profit was ₹8.26 crore. Solex had 4GW of module capacity and FY26 revenue of ₹1,621.1 crore, with module manufacturing accounting for about 90% of revenue.
Powered by Tijori
Solex Energy’s Q1 FY27 investor presentation covered a ₹628.37 crore N-Type TOPCon module order from a global renewable-energy group, a ₹42.47 crore order received in August and a ₹175 crore letter of intent whose master services agreement was still being signed. The company said the three items, worth ₹845.84 crore in total, were targeted for execution by 31 December 2026. It put the capex for a 2.2GW N-Type TOPCon cell line at about ₹1,050 crore and said it was exploring ₹700 crore of debt and roughly ₹350 crore through a mix of equity and debt. Q1 total revenue was ₹265.63 crore, up 1.8% year on year, while EBITDA was ₹33.79 crore and net profit was ₹8.26 crore. Solex had 4GW of module capacity and FY26 revenue of ₹1,621.1 crore, with module manufacturing accounting for about 90% of revenue.
Powered by Tijori
Aug 14 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY JUNE-QUARTER CONSOL NET PROFIT 79.8 MILLION RUPEES
SOLEX ENERGY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.61 BILLION RUPEES
Further company coverage: SOEX.NS
(([email protected];;))
Aug 14 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY JUNE-QUARTER CONSOL NET PROFIT 79.8 MILLION RUPEES
SOLEX ENERGY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.61 BILLION RUPEES
Further company coverage: SOEX.NS
(([email protected];;))
Solex Energy received a ₹42.47 crore work order from a domestic private limited company engaged in the power and electricity sector. The order covered the manufacture and supply of N-Type TOPCon 620Wp Glass-to-Glass G12R solar photovoltaic modules. Execution was scheduled across October 2026. Solex's FY26 revenue was about ₹1,621.1 crore, with profit after tax of roughly ₹98.3 crore. Its 4GW module capacity was operational at about 70% utilisation during FY26.
Powered by Tijori
Solex Energy received a ₹42.47 crore work order from a domestic private limited company engaged in the power and electricity sector. The order covered the manufacture and supply of N-Type TOPCon 620Wp Glass-to-Glass G12R solar photovoltaic modules. Execution was scheduled across October 2026. Solex's FY26 revenue was about ₹1,621.1 crore, with profit after tax of roughly ₹98.3 crore. Its 4GW module capacity was operational at about 70% utilisation during FY26.
Powered by Tijori
India's solar cell shortage may take 3 or 4 years to resolve
China's tech export curbs complicate India's manufacturing effort
Cell shortage threatens jobs, raises costs, delays projects
By Sethuraman N R and Colleen Howe
NEW DELHI/BEIJING July 23 (Reuters) - Indian makers of solar panels are being forced to shut factories as they face waits stretching up to eight months for domestic components to replace Chinese imports as the government pushes to beef up domestic manufacturing, industry sources say.
The disruptions, triggered by rules that took effect on June 1, threaten thousands of jobs and investment of nearly $4 billion, manufacturers and analysts said, while imperilling India's 2030 target to boost solar energy capacity.
"We have suffered a lot due to the domestic cell unavailability for the past three months," said Shailendra Shukla, chairman of Icon Solar, a module maker, who expects production to shrink sharply to about 1 GW from 3.2 GW.
Nearly a third of India's 140 small- and medium-sized solar panel makers, which make up 60% of manufacturing capacity, have halted output and the rest cut cycles to three to four days, the All India Solar Module Manufacturers Association told Reuters.
Manufacturers lacking facilities to make their own cells said they face waiting periods of up to six to eight months for domestic cells, which boost the cost of domestically made solar panels to almost double those that use Chinese cells.
India's clean energy ministry said it had not received formal reports about production halts by standalone makers of solar modules but was keeping watch on prices, while expecting adequate cell manufacturing capacity within six months.
But India is struggling to boost supply because building technology-intensive solar cell factories needs time and China has curbed exports of solar manufacturing technology, equipment and technical support, the industry sources said.
DELAYS COULD PUT 2030 TARGET OUT OF REACH
The shortages stand to delay solar projects and boost costs, possibly slowing India's push to establish 500 gigawatt of non-fossil fuel capacity by 2030, the industry sources and analysts said, from 288 GW now.
Growing electricity demand means a slowdown in solar deployment will have to be offset by greater use of fossil fuel-based generation, primarily coal, delaying the switch to cleaner energy.
Solar accounts for about 29% of India's non-fossil fuel power capacity and is expected to expand to more than 292 GW by 2030 from the current 162 GW, the Central Electricity Authority says.
While Indian firms have built up solar panel manufacturing capacity of about 200 GW, they can produce only 27 GW of solar cells, the government estimates.
The gap yawns wider in practice, with effective operating cell manufacturing capacity of only around 16 GW to 18 GW, said German-based EUPD Research and the industry sources.
The government's figures reflect installed, or nameplate, capacity, much of which is not yet operational or is running well below rated levels, they said.
"India faces a steep cell supply deficit and closing that gap will likely take three to five years," said Rajan Kalsotra, senior consultant at EUPD Research.
That time would be needed to build new cell facilities, which requires significant capital, technology partnerships and lengthy commissioning periods, he added.
"With China controlling much of the global solar manufacturing equipment and technology ecosystem, rapidly scaling local cell production will remain challenging."
CHINA EXPORT CURBS HINDER EXPANSION
India relies on China for about 95% of solar cell imports, industry estimates show. Such imports rose 37% in the last fiscal year to about $1.86 billion on the year.
But China monitors technology exports to India and curbs equipment sales, said the industry sources, who spoke on condition of anonymity as the matter is a sensitive one.
China's export curbs would delay setting up cell manufacturing plants, six manufacturers told Reuters, also seeking anonymity, for fear of Chinese government reprisal.
"Over the long term, China is likely to seek to preserve its dominance of the solar industry, where it already has a strong grip on most manufacturing segments," said Cosimo Ries, analyst at policy consultancy Trivium China.
China's commerce ministry did not respond to Reuters' requests for comment.
CELL SHORTAGE RAISES COSTS, THREATENS JOBS
At least three solar module makers Reuters spoke to have temporarily halted production for lack of domestically made cells, while four more have cut capacity to about a third.
Bringing new cell manufacturing capacity online takes far longer than the government expects, the manufacturers said.
"It is impossible to start producing cells with 18 months' notice due to complicated technology, manufacturing needs like land and sourcing raw materials," said Chetan Shah, chairman of solar panel producer Solex Energy SOEX.NS.
He was referring to the government's June 2026 deadline for the use of domestically made solar cells, set in December 2024.
India has extended the date to December 2026 for some projects, citing industry concerns over shortages and the need to protect manufacturers' investments.
The makers' association said the waiver would bring limited relief, however, unless extended to the entire industry.
Standalone module makers without cell manufacturing capability employ about 75,000 people, including 45,000 alone in Prime Minister Narendra Modi's western home state of Gujarat, according to a state industry group.
Power producers could face a short-term increase of about 35% in capital expenditure costs until domestic cell making capacity scales up, said Pinaki Bhattacharyya, chief executive of power producer AMPIN Energy Transition.
(Reporting by Sethuraman NR; Editing by Mayank Bhardwaj, Tony Munroe and Clarence Fernandez)
(([email protected]; Twitter: @MayankBhardwaj9;))
India's solar cell shortage may take 3 or 4 years to resolve
China's tech export curbs complicate India's manufacturing effort
Cell shortage threatens jobs, raises costs, delays projects
By Sethuraman N R and Colleen Howe
NEW DELHI/BEIJING July 23 (Reuters) - Indian makers of solar panels are being forced to shut factories as they face waits stretching up to eight months for domestic components to replace Chinese imports as the government pushes to beef up domestic manufacturing, industry sources say.
The disruptions, triggered by rules that took effect on June 1, threaten thousands of jobs and investment of nearly $4 billion, manufacturers and analysts said, while imperilling India's 2030 target to boost solar energy capacity.
"We have suffered a lot due to the domestic cell unavailability for the past three months," said Shailendra Shukla, chairman of Icon Solar, a module maker, who expects production to shrink sharply to about 1 GW from 3.2 GW.
Nearly a third of India's 140 small- and medium-sized solar panel makers, which make up 60% of manufacturing capacity, have halted output and the rest cut cycles to three to four days, the All India Solar Module Manufacturers Association told Reuters.
Manufacturers lacking facilities to make their own cells said they face waiting periods of up to six to eight months for domestic cells, which boost the cost of domestically made solar panels to almost double those that use Chinese cells.
India's clean energy ministry said it had not received formal reports about production halts by standalone makers of solar modules but was keeping watch on prices, while expecting adequate cell manufacturing capacity within six months.
But India is struggling to boost supply because building technology-intensive solar cell factories needs time and China has curbed exports of solar manufacturing technology, equipment and technical support, the industry sources said.
DELAYS COULD PUT 2030 TARGET OUT OF REACH
The shortages stand to delay solar projects and boost costs, possibly slowing India's push to establish 500 gigawatt of non-fossil fuel capacity by 2030, the industry sources and analysts said, from 288 GW now.
Growing electricity demand means a slowdown in solar deployment will have to be offset by greater use of fossil fuel-based generation, primarily coal, delaying the switch to cleaner energy.
Solar accounts for about 29% of India's non-fossil fuel power capacity and is expected to expand to more than 292 GW by 2030 from the current 162 GW, the Central Electricity Authority says.
While Indian firms have built up solar panel manufacturing capacity of about 200 GW, they can produce only 27 GW of solar cells, the government estimates.
The gap yawns wider in practice, with effective operating cell manufacturing capacity of only around 16 GW to 18 GW, said German-based EUPD Research and the industry sources.
The government's figures reflect installed, or nameplate, capacity, much of which is not yet operational or is running well below rated levels, they said.
"India faces a steep cell supply deficit and closing that gap will likely take three to five years," said Rajan Kalsotra, senior consultant at EUPD Research.
That time would be needed to build new cell facilities, which requires significant capital, technology partnerships and lengthy commissioning periods, he added.
"With China controlling much of the global solar manufacturing equipment and technology ecosystem, rapidly scaling local cell production will remain challenging."
CHINA EXPORT CURBS HINDER EXPANSION
India relies on China for about 95% of solar cell imports, industry estimates show. Such imports rose 37% in the last fiscal year to about $1.86 billion on the year.
But China monitors technology exports to India and curbs equipment sales, said the industry sources, who spoke on condition of anonymity as the matter is a sensitive one.
China's export curbs would delay setting up cell manufacturing plants, six manufacturers told Reuters, also seeking anonymity, for fear of Chinese government reprisal.
"Over the long term, China is likely to seek to preserve its dominance of the solar industry, where it already has a strong grip on most manufacturing segments," said Cosimo Ries, analyst at policy consultancy Trivium China.
China's commerce ministry did not respond to Reuters' requests for comment.
CELL SHORTAGE RAISES COSTS, THREATENS JOBS
At least three solar module makers Reuters spoke to have temporarily halted production for lack of domestically made cells, while four more have cut capacity to about a third.
Bringing new cell manufacturing capacity online takes far longer than the government expects, the manufacturers said.
"It is impossible to start producing cells with 18 months' notice due to complicated technology, manufacturing needs like land and sourcing raw materials," said Chetan Shah, chairman of solar panel producer Solex Energy SOEX.NS.
He was referring to the government's June 2026 deadline for the use of domestically made solar cells, set in December 2024.
India has extended the date to December 2026 for some projects, citing industry concerns over shortages and the need to protect manufacturers' investments.
The makers' association said the waiver would bring limited relief, however, unless extended to the entire industry.
Standalone module makers without cell manufacturing capability employ about 75,000 people, including 45,000 alone in Prime Minister Narendra Modi's western home state of Gujarat, according to a state industry group.
Power producers could face a short-term increase of about 35% in capital expenditure costs until domestic cell making capacity scales up, said Pinaki Bhattacharyya, chief executive of power producer AMPIN Energy Transition.
(Reporting by Sethuraman NR; Editing by Mayank Bhardwaj, Tony Munroe and Clarence Fernandez)
(([email protected]; Twitter: @MayankBhardwaj9;))
May 5 (Reuters) - Solex Energy Ltd SOEX.NS:
SIGNS MOU WITH GOVERNMENT OF GUJARAT FOR 40 BILLION RUPEE PROJECT
Source text: [ID:]
Further company coverage: SOEX.NS
(([email protected];))
May 5 (Reuters) - Solex Energy Ltd SOEX.NS:
SIGNS MOU WITH GOVERNMENT OF GUJARAT FOR 40 BILLION RUPEE PROJECT
Source text: [ID:]
Further company coverage: SOEX.NS
(([email protected];))
May 1 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD- ENTERED MOU WITH GOVERNMENT OF GUJARAT FOR ESTABLISHMENT OF A 5 GW SOLAR CELL MANUFACTURING PLANT AND 10 GW BESS FACILITY
SOLEX ENERGY LTD- TOTAL ESTIMATED PROJECT COST INCLUDING LAND AND BUILDING IS 40 BILLION RUPEES
Source text: ID:nnAZN4STUNK
Further company coverage: SOEX.NS
(([email protected];))
May 1 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD- ENTERED MOU WITH GOVERNMENT OF GUJARAT FOR ESTABLISHMENT OF A 5 GW SOLAR CELL MANUFACTURING PLANT AND 10 GW BESS FACILITY
SOLEX ENERGY LTD- TOTAL ESTIMATED PROJECT COST INCLUDING LAND AND BUILDING IS 40 BILLION RUPEES
Source text: ID:nnAZN4STUNK
Further company coverage: SOEX.NS
(([email protected];))
By Sethuraman N R
NEW DELHI, April 21 (Reuters) - India is staring at a severe shortage of solar cells as new rules from June mandate the use of locally made cells, a move that could derail some clean energy projects, an industry organisation said in a letter to the renewable energy ministry.
The South Asian country has around 25.6 gigawatt of solar cells production capacity against demand of about 50 GW, with imports from China accounting for more than 90% of India's solar cell demand, the North India Module Manufacturer Association said in the letter dated April 7.
A copy of the letter was reviewed by Reuters.
Around 55% of solar cells, a key component in making modules that turn sunlight into electricity, are produced in India using older technology and are rarely used in new projects, creating a mismatch between supply and project needs.
India, which is banking on solar power generation to meet its 2070 net-zero goal, already mandates the use of locally made modules. However, most of these modules are built using cells imported from China.
Mandatory use of local cells from June would drive up module prices and delay projects across the pipeline, the association said, asking the government to consider a phased rollout after nine months from June, as nearly 50 GW of solar cell capacity under construction is expected to become operational within a year.
"Immediate enforcement of mandates under these constraints may lead to severe supply shortages of compliant cells, escalation in module costs, disruptions and delays in project execution and adverse impact on India's renewable energy targets," said the association.
Manufacturers, including private firms Solex Energy SOEX.NS and Rayzon Solar RAYZ.NS have also warned that the new mandate could disrupt existing 170-GW module manufacturing capacity, needing domestic cell supplies.
The clean energy ministry has not responded to Reuters' email seeking comments.
(Reporting by Sethuraman NR; Editing by Nidhi Verma and Eileen Soreng)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sethuraman N R
NEW DELHI, April 21 (Reuters) - India is staring at a severe shortage of solar cells as new rules from June mandate the use of locally made cells, a move that could derail some clean energy projects, an industry organisation said in a letter to the renewable energy ministry.
The South Asian country has around 25.6 gigawatt of solar cells production capacity against demand of about 50 GW, with imports from China accounting for more than 90% of India's solar cell demand, the North India Module Manufacturer Association said in the letter dated April 7.
A copy of the letter was reviewed by Reuters.
Around 55% of solar cells, a key component in making modules that turn sunlight into electricity, are produced in India using older technology and are rarely used in new projects, creating a mismatch between supply and project needs.
India, which is banking on solar power generation to meet its 2070 net-zero goal, already mandates the use of locally made modules. However, most of these modules are built using cells imported from China.
Mandatory use of local cells from June would drive up module prices and delay projects across the pipeline, the association said, asking the government to consider a phased rollout after nine months from June, as nearly 50 GW of solar cell capacity under construction is expected to become operational within a year.
"Immediate enforcement of mandates under these constraints may lead to severe supply shortages of compliant cells, escalation in module costs, disruptions and delays in project execution and adverse impact on India's renewable energy targets," said the association.
Manufacturers, including private firms Solex Energy SOEX.NS and Rayzon Solar RAYZ.NS have also warned that the new mandate could disrupt existing 170-GW module manufacturing capacity, needing domestic cell supplies.
The clean energy ministry has not responded to Reuters' email seeking comments.
(Reporting by Sethuraman NR; Editing by Nidhi Verma and Eileen Soreng)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of Solex Energy SOEX.NS jump 6.5% to 895.95 rupees
** Co gets approval for capacity addition from Ministry of New and Renewable Energy
** Stock set to snap two-day losing streak
** SOEX lost ~32% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Solex Energy SOEX.NS jump 6.5% to 895.95 rupees
** Co gets approval for capacity addition from Ministry of New and Renewable Energy
** Stock set to snap two-day losing streak
** SOEX lost ~32% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
March 9 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS 3.78 GW SOLAR MODULE MANUFACTURING CAPACITY ENLISTED IN MNRE’S ALMM LIST
Further company coverage: SOEX.NS
(([email protected];;))
March 9 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS 3.78 GW SOLAR MODULE MANUFACTURING CAPACITY ENLISTED IN MNRE’S ALMM LIST
Further company coverage: SOEX.NS
(([email protected];;))
Feb 12 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD DEC-QUARTER CONSOL NET PROFIT 87.1 MILLION RUPEES
SOLEX ENERGY LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.18 BILLION RUPEES
Further company coverage: SOEX.NS
(([email protected];))
Feb 12 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD DEC-QUARTER CONSOL NET PROFIT 87.1 MILLION RUPEES
SOLEX ENERGY LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.18 BILLION RUPEES
Further company coverage: SOEX.NS
(([email protected];))
** Shares of Solex Energy SOEX.NS jump by an exchange-capped maximum of 5% to 1,947.10 rupees
** Co starts commercial production of solar photovoltaic modules at its 2.2-GW capacity facility in Surat city in Gujarat
** SOEX up ~39% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Solex Energy SOEX.NS jump by an exchange-capped maximum of 5% to 1,947.10 rupees
** Co starts commercial production of solar photovoltaic modules at its 2.2-GW capacity facility in Surat city in Gujarat
** SOEX up ~39% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Nov 10 (Reuters) - Solex Energy SOEX.NS:
SEPT-QUARTER CONSOL NET PROFIT 52.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.55 BILLION RUPEES
Source text: ID:nNSE5T9Z6q
Further company coverage: SOEX.NS
(([email protected];))
Nov 10 (Reuters) - Solex Energy SOEX.NS:
SEPT-QUARTER CONSOL NET PROFIT 52.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.55 BILLION RUPEES
Source text: ID:nNSE5T9Z6q
Further company coverage: SOEX.NS
(([email protected];))
July 1 (Reuters) - Solex Energy Ltd SOEX.NS:
UNIT AWARDED 24.1 MW SOLAR PROJECTS WORTH 686.9 MILLION RUPEES
Source text: ID:nNSE3SMdmn
Further company coverage: SOEX.NS
(([email protected];;))
July 1 (Reuters) - Solex Energy Ltd SOEX.NS:
UNIT AWARDED 24.1 MW SOLAR PROJECTS WORTH 686.9 MILLION RUPEES
Source text: ID:nNSE3SMdmn
Further company coverage: SOEX.NS
(([email protected];;))
April 8 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD - BOOSTS MODULE MANUFACTURING CAPACITY TO NEW 2.2 GW WITH ₹2 BILLION INVESTMENT
Source text: ID:nNSE3QqtLw
Further company coverage: SOEX.NS
(([email protected];;))
April 8 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD - BOOSTS MODULE MANUFACTURING CAPACITY TO NEW 2.2 GW WITH ₹2 BILLION INVESTMENT
Source text: ID:nNSE3QqtLw
Further company coverage: SOEX.NS
(([email protected];;))
Dec 10 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS ORDER WORTH 290 MILLION RUPEES
Source text: [ID:]
Further company coverage: SOEX.NS
(([email protected];;))
Dec 10 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS ORDER WORTH 290 MILLION RUPEES
Source text: [ID:]
Further company coverage: SOEX.NS
(([email protected];;))
** Indian solar module makers rise as U.S. slaps new round of tariffs on panel imports from four Southeast Asian nations
** Tata Power TTPW.NS adds 0.6%, Websol Energy WESL.NS rises 1%, Solex Energy SOEX.NS increases 1.5%, Waaree Energies WAAN.NS climbs 3.1% and Premier Energies PEME.NS up 3.6%
** Indian firms are one of the top suppliers of solar modules to the U.S.
** WAAN rises for fourth straight session, PEME gains for sixth session to hit an all-time high of 1,278 rupees
** TTPW shares up 25% YTD; PEME has risen 29% since listing in September and WAAN has increased 12% since October listing
(Reporting by Sethuraman NR)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Indian solar module makers rise as U.S. slaps new round of tariffs on panel imports from four Southeast Asian nations
** Tata Power TTPW.NS adds 0.6%, Websol Energy WESL.NS rises 1%, Solex Energy SOEX.NS increases 1.5%, Waaree Energies WAAN.NS climbs 3.1% and Premier Energies PEME.NS up 3.6%
** Indian firms are one of the top suppliers of solar modules to the U.S.
** WAAN rises for fourth straight session, PEME gains for sixth session to hit an all-time high of 1,278 rupees
** TTPW shares up 25% YTD; PEME has risen 29% since listing in September and WAAN has increased 12% since October listing
(Reporting by Sethuraman NR)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Oct 3 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS ORDER WORTH 76.7 MILLION RUPEES
Source text for Eikon: ID:nNSE2yRrsf
Further company coverage: SOEX.NS
(([email protected];;))
Oct 3 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS ORDER WORTH 76.7 MILLION RUPEES
Source text for Eikon: ID:nNSE2yRrsf
Further company coverage: SOEX.NS
(([email protected];;))
** Shares of solar module maker Solex Energy SOEX.NS rise an exchange-allowed maximum of 10% to a record high of 1,561 rupees
** Co said on Monday it aims to invest about $1 bln by 2030 to expand existing capacities and venture into solar cell making
** Separately, co won work order worth 519.7 mln rupees ($6 mln) from Zodiac Energy for installation of solar PV modules
** Stock has surged over four-fold so far this year
($1 = 83.8030 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of solar module maker Solex Energy SOEX.NS rise an exchange-allowed maximum of 10% to a record high of 1,561 rupees
** Co said on Monday it aims to invest about $1 bln by 2030 to expand existing capacities and venture into solar cell making
** Separately, co won work order worth 519.7 mln rupees ($6 mln) from Zodiac Energy for installation of solar PV modules
** Stock has surged over four-fold so far this year
($1 = 83.8030 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
NEW DELHI, Sept 30 (Reuters) - Indian solar module maker Solex Energy SOEX.NS said on Monday that it aims to invest about $1 billion by 2030 to expand its existing capacities and venture into solar cell making.
The company is in talks with multiple investors including international green funds, private equity firms and Indian lenders to raise at least 12-15 billion rupees ($140-180 million) immediately via both debt and equity, said Vipul Shah, a director at Solex.
Solex, which has an annual solar module making capability of 700 megawatts (MW), will expand this to 1.5 gigawatts by the end of the year and is looking to add a further 2.5 GW of module capacity by the end of 2026.
The company is looking to have at least 1 GW of annual solar cell manufacturing in place by mid-2027, which it aims to expand to 2GW with a total investment of 10-12 billion rupees ($125-140 million), Shah said.
The company, which is listed on the NSE exchange's small and medium-sized enterprises platform, is eyeing listing on NSE's main board by the year-end, Shah said.
Mainboard listing will help the company with more liquidity options, including investment opportunities from foreign institutions, Shah added.
An increasing number of Indian companies are looking to boost their solar module capacity and venture into cell production as the Indian government pushes for more domestic manufacturing.
The government wants to add 500 GW of clean energy capacity by 2030 to reduce carbon emissions.
(Reporting by Sethuraman NR; Editing by Kevin Liffey)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
NEW DELHI, Sept 30 (Reuters) - Indian solar module maker Solex Energy SOEX.NS said on Monday that it aims to invest about $1 billion by 2030 to expand its existing capacities and venture into solar cell making.
The company is in talks with multiple investors including international green funds, private equity firms and Indian lenders to raise at least 12-15 billion rupees ($140-180 million) immediately via both debt and equity, said Vipul Shah, a director at Solex.
Solex, which has an annual solar module making capability of 700 megawatts (MW), will expand this to 1.5 gigawatts by the end of the year and is looking to add a further 2.5 GW of module capacity by the end of 2026.
The company is looking to have at least 1 GW of annual solar cell manufacturing in place by mid-2027, which it aims to expand to 2GW with a total investment of 10-12 billion rupees ($125-140 million), Shah said.
The company, which is listed on the NSE exchange's small and medium-sized enterprises platform, is eyeing listing on NSE's main board by the year-end, Shah said.
Mainboard listing will help the company with more liquidity options, including investment opportunities from foreign institutions, Shah added.
An increasing number of Indian companies are looking to boost their solar module capacity and venture into cell production as the Indian government pushes for more domestic manufacturing.
The government wants to add 500 GW of clean energy capacity by 2030 to reduce carbon emissions.
(Reporting by Sethuraman NR; Editing by Kevin Liffey)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Aug 8 (Reuters) - Solex Energy Ltd SOEX.NS:
APPROVED ISSUANCE OF BONUS SHARES IN RATIO OF 1:4
Further company coverage: SOEX.NS
(([email protected];))
Aug 8 (Reuters) - Solex Energy Ltd SOEX.NS:
APPROVED ISSUANCE OF BONUS SHARES IN RATIO OF 1:4
Further company coverage: SOEX.NS
(([email protected];))
Aug 6 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD -GETS WORK ORDER WORTH 73.6 MILLION RUPEES
Source text for Eikon: ID:nNSE2zvlnX
Further company coverage: SOEX.NS
(([email protected];))
Aug 6 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD -GETS WORK ORDER WORTH 73.6 MILLION RUPEES
Source text for Eikon: ID:nNSE2zvlnX
Further company coverage: SOEX.NS
(([email protected];))
Solex Energy Ltd SOEX.NS:
SOLEX ENERGY - GETS ORDER WORTH 35.3 MILLION RUPEES
Source text for Eikon: ID:nNSE1t5WqJ
Further company coverage: SOEX.NS
Solex Energy Ltd SOEX.NS:
SOLEX ENERGY - GETS ORDER WORTH 35.3 MILLION RUPEES
Source text for Eikon: ID:nNSE1t5WqJ
Further company coverage: SOEX.NS
July 15 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY - SIGNING OF CONTRACT WITH RIOCONN INTERACTIVE
SOLEX ENERGY - CONTRACT FOR PLANNING, PREPARING SOCIAL MEDIA ADVERTISING
Source text for Eikon: ID:nNSE9jwkkc
Further company coverage: SOEX.NS
(([email protected];))
July 15 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY - SIGNING OF CONTRACT WITH RIOCONN INTERACTIVE
SOLEX ENERGY - CONTRACT FOR PLANNING, PREPARING SOCIAL MEDIA ADVERTISING
Source text for Eikon: ID:nNSE9jwkkc
Further company coverage: SOEX.NS
(([email protected];))
July 11 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS ORDER WORTH 160.1 MILLION RUPEES
Further company coverage: SOEX.NS
(([email protected];))
July 11 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS ORDER WORTH 160.1 MILLION RUPEES
Further company coverage: SOEX.NS
(([email protected];))
July 3 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY - GOT WORK ORDER WORTH 62.6 MILLION RUPEES
Source text for Eikon: ID:nNSE8Kyw4S
Further company coverage: SOEX.NS
(([email protected];))
July 3 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY - GOT WORK ORDER WORTH 62.6 MILLION RUPEES
Source text for Eikon: ID:nNSE8Kyw4S
Further company coverage: SOEX.NS
(([email protected];))
July 2 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS WORK ORDER FOR 9.3 MLN RUPEES
Source text for Eikon: ID:nNSE6TnC3y
Further company coverage: SOEX.NS
(([email protected];))
July 2 (Reuters) - Solex Energy Ltd SOEX.NS:
GETS WORK ORDER FOR 9.3 MLN RUPEES
Source text for Eikon: ID:nNSE6TnC3y
Further company coverage: SOEX.NS
(([email protected];))
July 1 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD - GETS ORDER WORTH 34 MILLION RUPEES
Source text for Eikon: ID:nNSE33M27C
Further company coverage: SOEX.NS
(([email protected];))
July 1 (Reuters) - Solex Energy Ltd SOEX.NS:
SOLEX ENERGY LTD - GETS ORDER WORTH 34 MILLION RUPEES
Source text for Eikon: ID:nNSE33M27C
Further company coverage: SOEX.NS
(([email protected];))
June 19 (Reuters) - Solex Energy Ltd SOEX.NS:
RECEIVED A WORK ORDER WORTH 94.5 MILLION RUPEES
Source text for Eikon: ID:nNSE6hv8fL
Further company coverage: SOEX.NS
(([email protected];))
June 19 (Reuters) - Solex Energy Ltd SOEX.NS:
RECEIVED A WORK ORDER WORTH 94.5 MILLION RUPEES
Source text for Eikon: ID:nNSE6hv8fL
Further company coverage: SOEX.NS
(([email protected];))
More Micro Cap Ideas
See similar 'Micro' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
- Business
- Financials
- Share Price
- Shareholdings
What does Solex Energy do?
Solex Energy specializes in manufacturing a wide range of renewable energy products including solar panels, lights, inverters, and heaters. They offer high-quality systems with customization options and certifications for quality standards.
Who are the competitors of Solex Energy?
Solex Energy major competitors are Permanent Magnets, Parth Electricals, Saakshi Med & Panels, Prostarm Info System, Mangal Electl.&Inds., RNIT AI Solutions, Kirloskar Electric. Market Cap of Solex Energy is ₹711 Crs. While the median market cap of its peers are ₹746 Crs.
Is Solex Energy financially stable compared to its competitors?
Solex Energy seems to be less financially stable compared to its competitors. Altman Z score of Solex Energy is 2.65 and is ranked 7 out of its 8 competitors.
Does Solex Energy pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Solex Energy latest dividend payout ratio is 0.62% and 3yr average dividend payout ratio is 2.36%
How has Solex Energy allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Solex Energy balance sheet?
Balance sheet of Solex Energy is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Solex Energy improving?
The profit is oscillating. The profit of Solex Energy is ₹81.8 Crs for TTM, ₹96.01 Crs for Mar 2026 and ₹41.46 Crs for Mar 2025.
Is the debt of Solex Energy increasing or decreasing?
The net debt of Solex Energy is decreasing. Latest net debt of Solex Energy is ₹57.46 Crs as of Mar-26. This is less than Mar-25 when it was ₹98.3 Crs.
Is Solex Energy stock expensive?
Solex Energy is not expensive. Latest PE of Solex Energy is 8.91, while 3 year average PE is 118. Also latest EV/EBITDA of Solex Energy is 4.99 while 3yr average is 17.65.
Has the share price of Solex Energy grown faster than its competition?
Solex Energy has given lower returns compared to its competitors. Solex Energy has grown at ~-56.6% over the last 1yrs while peers have grown at a median rate of 2.54%
Is the promoter bullish about Solex Energy?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Solex Energy is 66.15% and last quarter promoter holding is 66.15%.
Are mutual funds buying/selling Solex Energy?
There is Insufficient data to gauge this.