Solex Energy Limited

Solex Energy Limited (SOLEX) is a micro-cap Industrials company valued at ₹676 crore operating in Electrical Equipment on the NSE and BSE.

Recent price move

Solex Energy Limited last traded at ₹624.8, modestly down 1.23% on the day.

Recent developments

On 2026-09-15, the company announced a dividend of ₹0.55 per share, which is ex-date. This indicates the company is distributing profits to shareholders despite recent challenges in profitability.

Financial performance

The company's business has grown significantly, with annual revenue and net profit both rising by 145.2% and 145.6% respectively over the past year. However, the latest quarter showed a sharp decline in net profit, which fell 63.2% compared to the same quarter a year earlier, while revenue grew only 4.7%.

Valuation multiples

The stock trades at 7.0 times earnings, a discount to the Industrials median of 22.4, 2.87 times book value. It yields 0.1%.

Things to watch

The company's latest quarter net profit fell 63.2% compared to the same quarter a year earlier, signaling a significant drop in profitability. Additionally, the stock is 66.2% below its 52-week high, indicating a sharp decline from recent peak levels.

Where it stands

Solex Energy Limited has experienced rapid growth in both revenue and net profit over the past year, but the latest quarter shows a reversal in profitability. The stock is significantly lower than its 52-week high, highlighting recent underperformance. The most notable movement is the sharp decline in net profit in the latest quarter.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.