Solex Energy
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Solex Energy's recent management commentary highlights a strong order book and a clear growth roadmap, suggesting robust demand for its solar photovoltaic modules. This aligns with Vista's forecast of moderating revenue growth, as the company navigates a competitive landscape characterized by stable market share and improving pricing power within the power equipment sector. The anticipated expansion in data centres and AI infrastructure further supports Solex's long-term growth potential, as the industry is projected to benefit from significant investments in grid development. However, while margins are expected to remain stable, the cautious investor sentiment reflected in recent trading may pose challenges. Over the next 12-24 months, key opportunities include leveraging the growing demand for solar solutions and capitalizing on government initiatives for renewable energy. Conversely, watchpoints include potential fluctuations in raw material costs and the impact of macroeconomic factors such as crude oil prices. Overall, Vista's outlook remains positive, with a target price of ₹1430.15 for the next 12 months, reflecting a 1.0% expected upside
Why We Like This Stock
- Strong order book and clear growth roadmap indicate robust demand for solar solutions
- Improving pricing power within the power equipment sector supports margin stability
- Significant investments in grid expansion and data centres present substantial growth opportunities
Things To Watch Out For
- Cautious investor sentiment may limit short-term price appreciation
- Potential fluctuations in raw material costs could impact margins
- Macroeconomic factors, particularly crude oil prices, pose risks to overall profitability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 366 | 662 | 1,618 | 2,080 | 3,704 |
| Profit Before Tax (Cr.) | 12 | 57 | 131 | 154 | 281 |
| PBT Margin | 3.3% | 8.6% | 809.6% | 7.4% | 7.6% |
| Net Profit (Cr.) | 9 | 44 | 99 | 117 | 208 |
| Earnings Per Share | 8.3 | 39.8 | 89.8 | 105.9 | 193.0 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
Show Company Profile
Solex Energy Limited manufactures and sells solar photovoltaic modules in India. It provides solar turnkey solutions for solar power plants, solar water pumps, and utility scale ground mounted solar power plants, as well as engineering, procurement, and construction services for the solar energy market. The company also offers solar residential and industrial rooftop systems, off-grid power plants, solar grid-connected systems, solar home and street light systems, solar water pumps, and custom solar solutions. It serves government, real estate, agriculture, manufacturing, healthcare, hospitality, residential societies, banking institutions, educational institutes, transport and logistics, media and entertainment, and telecom and communications industries. Solex Energy Limited was founded in 1995 and is based in Surat, India.