SOLEX Stock Price Today (NSE: SOLEX)
Fundamental Score
SOLEX Share Price Live NSE/BSE & Institutional Fundamental Analysis
SOLEX share price today is ₹1704.80, up +0.00% on NSE/BSE as of 2 January 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 ₹N/A and the 52-week low is ₹N/A. 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
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
SOLEX Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
SOLEX Share Price Analysis: A ROCE-Focused Perspective
This analysis delves into the factors influencing the SOLEX share price, focusing specifically on Return on Capital Employed (ROCE) efficiency within the context of the Heavy Electrical Equipment sector. One emerging trend in this sector is the increasing demand for specialized electrical components fueled by renewable energy projects and grid modernization initiatives. This heightened demand places a premium on companies demonstrating efficient capital allocation and strong operational execution. This analysis is part of a broader 80-parameter fundamental audit, verified by Sweta Mishra.
Currently, SOLEX trades at ₹1704.8, with a Price-to-Earnings (PE) ratio of 35.15 and a ROCE of 28.22%. The PE ratio suggests a relatively high valuation, potentially reflecting market expectations of future growth. However, the key differentiator for SOLEX appears to be its impressive ROCE. A ROCE of 28.22% indicates that SOLEX is generating significant profits relative to the capital it employs. This level of profitability can act as a competitive advantage, contributing to a stronger economic moat. A higher ROCE generally allows the company to reinvest more effectively, fund future growth initiatives, and potentially withstand industry downturns better than its peers.
When comparing SOLEX to its peers, such as
Aartech Solonics Ltd, it’s important to assess both financial metrics and qualitative factors. While Aartech Solonics Ltd may present a different financial profile, analyzing factors like management quality and strategic vision can offer valuable insights. For instance, a comparison of SOLEX's strategic execution against Aartech Solonics Ltd’s highlights the importance of efficient project management and innovation in the heavy electrical equipment sector. Superior execution and efficient capital management can enhance a company’s reputation, attract premium contracts, and build stronger relationships with key clients.The sustainability of SOLEX's ROCE is crucial for justifying its current valuation. Factors to consider include the competitive landscape, the company's ability to maintain pricing power, and its ongoing investments in research and development. A high ROCE can attract new entrants or intensify competition, potentially pressuring margins in the long run. Therefore, monitoring SOLEX's operational efficiency, capital allocation decisions, and its ability to adapt to evolving market dynamics is essential for understanding the future trajectory of the SOLEX share price. This analysis is for informational purposes and should not be considered as financial advice.
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 Financial Statements
Comprehensive financial data for SOLEX including income statement, balance sheet and cash flow
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)?
As of 02 Jan 2026, 04:42 pm IST, SOLEX share price is ₹1704.80. The SOLEX stock has a market capitalisation of ₹1.84K (Cr) on NSE/BSE.
Is SOLEX share price Overvalued or Undervalued?
SOLEX share price is currently trading at a P/E ratio of 35.15x, compared to the industry average of 47.05x. Based on this relative valuation, the SOLEX stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of SOLEX share price?
The 52-week high of SOLEX share price is ₹N/A and the 52-week low is ₹N/A.
What factors affect the SOLEX share price?
Key factors influencing SOLEX share price include quarterly earnings growth (Sales Growth: 45.63%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is SOLEX a good stock for long-term investment?
SOLEX shows a 5-year Profit Growth of 54.76% and an ROE of 38.74%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 1.63 before investing in SOLEX shares.
How does SOLEX compare with its industry peers?
SOLEX competes with major peers in the Heavy Electrical Equipment. Investors should compare SOLEX share price P/E of 35.15x and ROE of 38.74% against the industry averages to determine competitive standing.
What is the P/E ratio of SOLEX and what does it mean?
SOLEX share price has a P/E ratio of 35.15x compared to the industry average of 47.05x. Investors pay ₹35 for every ₹1 of annual earnings.
How is SOLEX performing according to Bull Run's analysis?
SOLEX has a Bull Run fundamental score of 67.9/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does SOLEX belong to?
SOLEX operates in the Heavy Electrical Equipment industry. This classification helps understand the competitive landscape and sector-specific trends affecting SOLEX share price.
What is Return on Equity (ROE) and why is it important for SOLEX?
SOLEX has an ROE of 38.74%, which indicates excellent management efficiency. ROE measures how efficiently SOLEX generates profits from shareholders capital.
How is SOLEX debt-to-equity ratio and what does it indicate?
SOLEX has a debt-to-equity ratio of 1.63, which indicates high leverage that increases financial risk.
What is SOLEX dividend yield and is it a good dividend stock?
SOLEX offers a dividend yield of 0.03%, meaning you receive ₹0.03 annual dividend for every ₹100 invested in SOLEX shares.
How has SOLEX share price grown over the past 5 years?
SOLEX has achieved 5-year growth rates of: Sales Growth 36.77%, Profit Growth 54.76%, and EPS Growth 38.50%.
What is the promoter holding in SOLEX and why does it matter?
Promoters hold 66.15% of SOLEX shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in SOLEX.
What is SOLEX market capitalisation category?
SOLEX has a market capitalisation of ₹1842 crores, placing it in the Small-cap category.
How volatile is SOLEX stock?
SOLEX has a beta of N/A. A beta > 1 suggests the SOLEX stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is SOLEX operating profit margin trend?
SOLEX has a 5-year average Operating Profit Margin (OPM) of 8.50%, indicating the company's operational efficiency.
How is SOLEX quarterly performance?
Recent quarterly performance shows SOLEX YoY Sales Growth of 45.63% and YoY Profit Growth of 97.03%.
What is the institutional holding pattern in SOLEX?
SOLEX has FII holding of 0.09% and DII holding of 1.02%. Significant institutional holding often suggests professional confidence in the SOLEX stock.