SOLEX Stock Price Today (NSE: SOLEX)
Fundamental Score
SOLEX Share Price — Live NSE/BSE Price, Fundamentals & Analysis
SOLEX share price today is ₹1739.40, up +0.00% on NSE/BSE as of 17 June 2026. SOLEX (SOLEX) is a Small-cap company in the Heavy Electrical Equipment sector with a market capitalisation of ₹1.84K (Cr). The 52-week high for SOLEX share price is ₹1739.40 and the 52-week low is ₹1451.05. At a P/E ratio of 35.15x, SOLEX is currently trading below its industry average P/E of 47.05x. The company has a Return on Equity (ROE) of 38.74% and a debt-to-equity ratio of 1.63.
SOLEX Share Price Chart — NSE/BSE Historical Performance
SOLEX share price chart: 15.19% return over the past month. 52-week high ₹1739.40, 52-week low ₹1451.05.
SOLEX — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹1700.00 | ₹1739.40 | ₹1685.00 | ₹1739.40 | 43.75K (Cr) | |
| ₹1636.10 | ₹1700.00 | ₹1605.25 | ₹1650.10 | 35.88K (Cr) | |
| ₹1502.55 | ₹1584.95 | ₹1476.00 | ₹1579.60 | 61.00K (Cr) | |
| ₹1506.90 | ₹1531.90 | ₹1451.05 | ₹1510.05 | 29.25K (Cr) |
SOLEX — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹1700.00 | ₹1739.40 | ₹1685.00 | ₹1739.40 | +2.32% | |
| ₹1506.90 | ₹1700.00 | ₹1451.05 | ₹1650.10 | +9.50% |
AI Research Briefing
Powered by Gemini · 2026-04-08
A small-cap solar play trading on future growth, vulnerable to execution risks and liquidity crunches.
WHAT'S HAPPENING NOW (last 2-4 weeks)
No major catalysts found after live search.
CORE STORY (THE REAL GAME)
Solex is being priced as a high-growth solar module manufacturer riding India's renewable energy wave. It's about capacity expansion and order execution, not just current earnings.
- Strong revenue growth
- Significant order wins
- Capacity expansion plans
- Faster than expected capacity addition
- New large order announcements
- Government policy changes favoring domestic solar manufacturing
- Small-cap liquidity risk
- High debt/equity ratio
- Negative free cash flow
FII increased stake by 0.08% and DII increased stake by 0.23%.
India's push for 500 GW clean energy target by 2030 provides a strong tailwind.
Secured a ₹276 crore order for N-type TOPCon solar PV modules from a domestic independent power producer, to be executed between February and May 2026.
No, Free Cash Flow 5Y: ₹-181.74 Cr
Solex needs to demonstrate consistent profitability and manage its debt while scaling up. Next 3-6 months will be crucial to see if they can deliver on their ambitious expansion plans.
Primary Thesis Risk
Failure to execute expansion plans and manage debt could lead to a significant derating.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
SOLEX Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
SOLEX Fundamental Analysis & Valuation Benchmarking
Educational evaluation of SOLEX across key market metrics for learning purposes.
Positive Indicators
10 factors identified
Strong Return on Equity (38.74%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (28.22%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Attractive Valuation (P/E: 35.15 vs Industry: 47.05)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Robust Profit Growth (97.03%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (45.63%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (36.77% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (38.50% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (54.76% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Balanced Promoter Holding (66.15%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
3 factors identified
Elevated Debt Levels (D/E: 1.63)
Observation: High leverage increases financial risk and interest burden.
Analysis: High debt-to-equity ratios require monitoring of debt servicing capability.
Negative Free Cash Flow (₹-181.74 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Limited Institutional Interest (FII+DII: 1.11%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
SOLEX vs Heavy Electrical Equipment Peers
Peer Comparison - Heavy Electrical Equipment
Compare SOLEX with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
SOLEXSOLEX...Selected✓ SOLEX • | 67.9/100 | ₹1739.40₹1739 | ₹1841.61₹1841.61 | 35.15Average 35.1 Average | 38.74%Excellent 38.74% Excellent | 28.22%Excellent 28.22% Excellent | 1.63Average 1.6 Average | 54.76%Excellent 54.76% Excellent | 36.77%Excellent 36.77% Excellent | 0.03% |
Siemens LtdSiemens Ltd... SIEMENS • 500550 | 58.1/100 | ₹3878.70₹3879 | ₹117781.20₹117781.20 | 69.80Average 69.8 Average | 11.81%Average 11.81% Average | 15.83%Good 15.83% Good | 0.01Excellent 0.0 Excellent | 17.04%Excellent 17.04% Excellent | 11.79%Good 11.79% Good | 0.36% |
Siemens Energy India LtdSiemens Energy ... ENRIN • 544390 | 31.7/100 | ₹3766.10₹3766 | ₹111859.20₹111859.20 | 101.68Average 101.7 Average | 28.96%Excellent 28.96% Excellent | 38.52%Excellent 38.52% Excellent | 0.03Excellent 0.0 Excellent | — — | — — | 0.00% |
ABB India LtdABB India Ltd... ABB • 500002 | 66.1/100 | ₹7219.00₹7219 | ₹110020.87₹110020.87 | 62.26Average 62.3 Average | 28.82%Excellent 28.82% Excellent | 38.65%Excellent 38.65% Excellent | 0.01Excellent 0.0 Excellent | 40.25%Excellent 40.25% Excellent | 10.75%Good 10.75% Good | 0.85% |
CG Power and Industrial Solutions LimitedCG Power and In... CGPOWER • 500093 | 67.9/100 | ₹934.80₹935 | ₹105260.55₹105260.55 | 98.52Average 98.5 Average | 27.66%Excellent 27.66% Excellent | 37.48%Excellent 37.48% Excellent | 0.02Excellent 0.0 Excellent | 33.57%Excellent 33.57% Excellent | 14.16%Good 14.16% Good | 0.19% |
Bharat Heavy Electricals LtdBharat Heavy El... BHEL • 500103 | 44.8/100 | ₹422.35₹422 | ₹101397.77₹101397.77 | 181.54Average 181.5 Average | 2.12%Poor 2.12% Poor | 4.87%Poor 4.87% Poor | 0.45Excellent 0.5 Excellent | 18.65%Excellent 18.65% Excellent | 5.72%Good 5.72% Good | 0.17% |
Hitachi Energy India LtdHitachi Energy ... POWERINDIA • 543187 | 63.2/100 | ₹37550.00₹37550 | ₹98828.01₹98828.01 | 137.79Average 137.8 Average | 13.79%Average 13.79% Average | 19.44%Good 19.44% Good | 0.02Excellent 0.0 Excellent | 14.55%Good 14.55% Good | 14.56%Good 14.56% Good | 0.03% |
Suzlon Energy LtdSuzlon Energy L... SUZLON • 532667 | 63.7/100 | ₹57.53₹58 | ₹73094.27₹73094.27 | 23.04Average 23.0 Average | 41.44%Excellent 41.44% Excellent | 32.52%Excellent 32.52% Excellent | 0.05Excellent 0.1 Excellent | 22.93%Excellent 22.93% Excellent | 29.65%Excellent 29.65% Excellent | 0.00% |
GE Vernova T&D India LtdGE Vernova T&D ... GVT&D • 522275 | 65.2/100 | ₹5097.70₹5098 | ₹71752.19₹71752.19 | 78.00Average 78.0 Average | 40.35%Excellent 40.35% Excellent | 54.74%Excellent 54.74% Excellent | 0.01Excellent 0.0 Excellent | 34.77%Excellent 34.77% Excellent | 6.33%Good 6.33% Good | 0.18% |
Thermax LtdThermax Ltd... THERMAX • 500411 | 49.9/100 | ₹4590.60₹4591 | ₹34742.42₹34742.42 | 58.52Average 58.5 Average | 13.57%Average 13.57% Average | 16.22%Good 16.22% Good | 0.36Excellent 0.4 Excellent | 24.90%Excellent 24.90% Excellent | 12.63%Good 12.63% Good | 0.48% |
Inox Wind LtdInox Wind Ltd... INOXWIND • 539083 | 68.3/100 | ₹95.81₹96 | ₹22999.39₹22999.39 | 45.14Average 45.1 Average | 11.69%Average 11.69% Average | 11.52%Average 11.52% Average | 0.17Excellent 0.2 Excellent | 29.46%Excellent 29.46% Excellent | 36.16%Excellent 36.16% Excellent | 0.00% |
Top Heavy Electrical Equipment Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Siemens Ltd share price117781.20 Cr
- Siemens Energy India Ltd share price111859.20 Cr
- ABB India Ltd share price110020.87 Cr
- CG Power and Industrial Solutions Limited share price105260.55 Cr
- Bharat Heavy Electricals Ltd share price101397.77 Cr
SOLEX Quarterly Performance
Latest quarterly metrics for SOLEX — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
45.63%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
97.03%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
36.77%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
54.76%
Compounded annual net profit growth over 5 years
SOLEX Technical Indicators
SMA 50, SMA 200, RSI and volume signals for SOLEX — calculated from daily price history
Technical indicators are for educational purposes only. Not investment advice.
SOLEX Financial Statements
Annual income statement, balance sheet and cash flow for SOLEX (SOLEX) — sourced from NSE/BSE filings.
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Fetching financial data for SOLEX
About SOLEX (SOLEX)
SOLEX (SOLEX) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Heavy Electrical Equipment sector with a current ...market capitalisation of ₹1.84K (Cr). SOLEX has delivered a Return on Equity (ROE) of 38.74% and a ROCE of 28.22%. The debt-to-equity ratio stands at 1.63, reflecting the company's capital structure. Investors tracking SOLEX share price can monitor key metrics including P/E ratio, promoter holding of 66.15%, and quarterly earnings growth.
Company Details
SOLEX Share Price: Frequently Asked Questions
What is the current share price of SOLEX?
SOLEX (SOLEX) trades at ₹1739.40 on NSE. Market cap ₹1.84K (Cr). Educational data only.
What is the P/E ratio of SOLEX?
SOLEX has a P/E of 35.15x vs industry average 47.05x.
What is the Bull Run score for SOLEX?
SOLEX has a Bull Run score of 67.9/100 based on 25+ financial parameters.
Does SOLEX pay dividends?
SOLEX has a dividend yield of 0.03%. Past dividends don't guarantee future payments.
What is the ROE of SOLEX?
SOLEX has ROE of 38.74%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of SOLEX?
SOLEX has debt-to-equity of 1.63.
Is SOLEX a good investment?
Bull Run gives SOLEX a score of 67.9/100. This is not investment advice — consult a SEBI-registered advisor.