Alpex Solar Limited

NSE: ALPEXSOLAR
Alpex Solar Limited - energy and power in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L51909DL1993PLC171352 Incorporated 27 August 1993 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: ALPEXSOLAR Public Limited Company energy and power
Data last updated
Market Cap
₹1,821 Cr
ALPEXSOLAR-SM · NSE
Share Price
₹674.55
-5.39% today
Revenue
₹2,223 Cr
FY 2025-26 · +185.0% YoY
EBITDA
₹318 Cr
Margin 14.3%
Net Profit
₹202 Cr
FY 2025-26 · +142.5% YoY
P/E (TTM)
9.5x
P/B 3.6x
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹25.54 Cr
Issued & subscribed

About Alpex Solar Limited

Data last updated:

Alpex Solar Limited is a public limited company based in New Delhi, Delhi, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 27 August 1993 and has been in existence for over 33 years.

Its director Ashwani Sehgal and family are #1,427 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L51909DL1993PLC171352. It is a listed company as per MCA records. Its shares are listed on NSE: ALPEXSOLAR.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹25.54 Cr. It was formerly known as Alpex Exports Pvt Ltd. It is led by directors including Ashwani Sehgal (Managing Director) and Monica Sehgal (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B – 79 Shivalik Enclave, Near Malviya Nagar, New Delhi, Delhi, India – 110017.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,223.27 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹202.17 Cr (net margin 9.1%) and EBITDA of ₹317.97 Cr (EBITDA margin 14.3%). The net worth stands at ₹561.79 Cr (up 159.6% YoY). Total assets are valued at ₹1,103.7 Cr (up 272.5% YoY).

The company has about 226 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Alpex. As per MCA filings, the company has open charges of ₹1,266.86 Cr and satisfied charges of ₹251.77 Cr on record. Court records list 47 cases involving the company, including 33 filed by the company and 14 filed against it; 6 cases are pending. The company has 9 deals on record (4 funding rounds, 4 secondary share transfers, 1 ipo), with disclosed funding of ₹3.22 Cr; the latest was in February 2024. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 133 overdue payments to 39 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website alpexsolar.com.

Company details

CIN L51909DL1993PLC171352
Registration Number 171352
Incorporation Date 27 August 1993
ROC Delhi
Listing Status Listed (NSE: ALPEXSOLAR)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Alpex Solar has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51909DL1993PLC171352, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L51909DL1993PLC171352Current
U51909CH1993PTC013657Previous
U51909DL1993PTC171352Previous
U51909DL1993PLC171352Previous
Key People
Ashwani Sehgal Managing Director Monica Sehgal Whole-Time Director Indrajeet S Khanna Director

Recognitions & Rankings of Alpex Solar

Contact details

Alpex Solar Limited's registered office is in New Delhi, Delhi. Its website is alpexsolar.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    alpexsolar.com
  • Social Media
  • Registered Address
    B – 79 Shivalik Enclave, Near Malviya Nagar, New Delhi, Delhi, India – 110017
  • Industry
    Energy and Power, Power Equipment Manufacturers

To see the full contact details of Alpex Solar Limited, buy the company report.

Comprehensive company report
Alpex Solar Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Alpex Solar operates one associated brand: Alpex. Each brand links to its own profile.

BrandDescriptionWebsite
Alpex
Manufacturer of solar PV modulesalpexsolar.com

Business activity

The main business activities of Alpex Solar are manufacturing and trade. In detail, this covers metal and metal products and retail trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products
GTradeG2Retail Trading

To see the full business activity and turnover split of Alpex Solar Limited, buy the company report.

Financials of Alpex Solar Limited

FY 2025-26 filings available

Alpex Solar Limited reported revenue of ₹2,223.27 Cr (up 185% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,223 Cr
+185.0% YoY
EBITDA
₹318 Cr
+151.9% YoY
Profit After Tax
₹202 Cr
+142.5% YoY
Net Worth
₹562 Cr
+159.6% YoY
Total Assets
₹1,104 Cr
+272.5% YoY
Total Debt
₹537 Cr
+580.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,22378041319516614998.23
Revenue growth+185.0%+89.1%+111.9%+17.5%+11.4%+51.4%-
EBITDA31812637.1111.523.998.936.85
EBITDA margin+14.3%+16.2%+9.0%+5.9%+2.4%+6.0%+7.0%
Profit before tax27911233.895.290.323.503.34
Net profit20283.3722.623.770.033.023.04
Net profit margin+9.1%+10.7%+5.5%+1.9%+0.0%+2.0%+3.1%
EPS (₹)80.5234.1110.866.310.325.265.31
Balance sheet
Total assets1,10429618189.2864.9867.9454.96
Net worth56221613141.4737.6837.4934.59
Total debt53778.8349.0047.3626.7029.9319.94
Cash & bank15045.8643.2612.556.6014.538.06
Net working capital62615712963.8542.0942.6631.18
Cash flow
Cash from operations(116)68.84(5.41)(6.85)(1.12)1.717.33
Cash from investing(437)(81.90)(16.90)(8.51)6.44(8.14)(0.59)
Cash from financing55316.2745.6117.01(6.44)6.85(5.56)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue503672648523380327188188
Revenue growth (YoY)+32.4%+105.3%+245.4%+177.6%+395.7%---
Other income3.904.000.961.842.260.920.521.30
EBITDA74.5388.8789.0277.9162.5953.6836.7630.63
EBITDA margin+14.8%+13.2%+13.7%+14.9%+16.5%+16.4%+19.6%+16.3%
Depreciation9.939.356.544.054.132.982.971.27
Interest14.969.706.493.373.322.312.031.43
Profit before tax53.5473.8276.9572.3357.4049.3132.2829.23
Tax13.6820.5522.6819.6515.1014.008.905.51
Net profit39.8653.2754.2752.6842.3035.3123.3823.72
EPS (₹)15.6120.8521.2521.4517.2814.439.569.64
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,21877940418315313992.00
Revenue growth+184.7%+92.7%+121.3%+19.6%+10.3%+50.6%-
EBITDA32112537.0311.113.248.486.37
EBITDA margin+14.5%+16.1%+9.2%+6.1%+2.1%+6.1%+6.9%
Profit before tax28111136.485.270.113.042.94
Net profit20482.7525.783.78(0.77)2.662.73
Net profit margin+9.2%+10.6%+6.4%+2.1%-0.5%+1.9%+3.0%
EPS (₹)81.4233.8612.906.250.124.664.76
Balance sheet
Total assets1,10429418379.3755.7463.5552.58
Net worth56421613339.3035.5535.4832.94
Total debt53577.0848.9639.8019.7927.6719.31
Cash & bank14344.4143.2612.026.2614.037.69
Net working capital62916912455.2832.6038.0928.51
Cash flow
Cash from operations(117)54.15(13.66)(8.33)3.611.547.32
Cash from investing(441)(70.80)(15.67)(6.87)6.41(3.72)(0.43)
Cash from financing55318.4053.1716.64(10.98)2.47(5.71)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue501669646522380327188188
Revenue growth (YoY)+31.8%+104.9%+244.7%+177.3%+395.7%---
Other income3.682.960.971.362.280.960.521.08
Total expenses428578557445318274151158
EBITDA73.3090.8789.2077.8162.8152.7036.8930.63
EBITDA margin+14.6%+13.6%+13.8%+14.9%+16.5%+16.1%+19.7%+16.3%
Depreciation9.939.356.544.054.132.982.971.27
Interest14.969.706.493.373.322.312.031.43
Profit before tax52.0974.7877.1471.7557.6448.3732.4129.01
Tax13.3720.1422.6119.6515.1013.478.905.78

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue503672648523380327188188
Revenue growth (YoY)+32.4%+105.3%+245.4%+177.6%+395.7%---
Other income3.904.000.961.842.260.920.521.30
EBITDA74.5388.8789.0277.9162.5953.6836.7630.63
EBITDA margin+14.8%+13.2%+13.7%+14.9%+16.5%+16.4%+19.6%+16.3%
Depreciation9.939.356.544.054.132.982.971.27
Interest14.969.706.493.373.322.312.031.43
Profit before tax53.5473.8276.9572.3357.4049.3132.2829.23
Tax13.6820.5522.6819.6515.1014.008.905.51
Net profit39.8653.2754.2752.6842.3035.3123.3823.72
EPS (₹)15.6120.8521.2521.4517.2814.439.569.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,22378041319516614998.23
Revenue growth+185.0%+89.1%+111.9%+17.5%+11.4%+51.4%-
Other income8.482.866.021.242.971.262.39
Total expenses1,90565437518316214091.38
Employee cost0.0014.2310.496.126.476.297.03
EBITDA31812637.1111.523.998.936.85
EBITDA margin+14.3%+16.2%+9.0%+5.9%+2.4%+6.0%+7.0%
Depreciation24.088.502.892.052.612.322.24
Interest22.898.276.355.424.034.373.66
Profit before tax27911233.895.290.323.503.34
Tax77.9828.847.321.520.130.330.18
Net profit20283.3722.623.770.033.023.04
Net profit margin+9.1%+10.7%+5.5%+1.9%+0.0%+2.0%+3.1%
EPS (₹)80.5234.1110.866.310.325.265.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.5424.4724.476.006.006.006.00
Reserves & surplus50419210635.4731.6831.4928.59
Shareholders' funds (net worth)56221613141.4737.6837.4934.59
Minority interest0.000.000.000.080.080.080.07
Secured loans27923.1338.6443.2719.2824.0914.60
Unsecured loans25855.7010.364.097.425.845.34
Total debt53778.8349.0047.3626.7029.9319.94
Total liabilities1,10429618189.2864.9867.9454.96
Assets
Gross block21510970.8738.0235.6439.1829.87
Net block16677.7247.4317.3916.9720.0113.02
Capital work in progress17722.990.014.452.000.566.77
Investments1.482.352.373.253.584.144.66
Inventories35910236.9653.0544.0431.4419.43
Sundry debtors25512470.8518.7016.8314.2015.43
Cash & bank balances15045.8643.2612.556.6014.538.06
Loans & advances14361.9726.9515.669.5013.3810.03
Total current assets90633417899.9676.9773.5552.95
Total current liabilities28017749.1936.1134.8830.8921.77
Net working capital62615712963.8542.0942.6631.18
Total assets1,10429618189.2864.9867.9454.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash29.1825.982.681.032.151.730.55
Net cash from operating activities(116)68.84(5.41)(6.85)(1.12)1.717.33
Net cash from investing activities(437)(81.90)(16.90)(8.51)6.44(8.14)(0.59)
Net cash from financing activities55316.2745.6117.01(6.44)6.85(5.56)
Net change in cash0.413.2023.301.65(1.12)0.431.18
Closing cash15045.8643.2612.556.6014.538.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+185.0%+89.1%+111.9%+17.5%+11.4%+51.4%-
EBITDA growth+151.9%+240.2%+222.1%+188.7%-55.3%+30.4%-
PBT growth+148.8%+231.4%+540.6%+1553.1%-90.9%+4.8%+9997.0%
Net income growth+142.5%+268.6%+500.0%--99.0%-0.7%-
Revenue CAGR (3Y)+125.2%+67.6%+40.5%+25.6%---
EBITDA CAGR (3Y)+202.2%+216.3%+60.8%+18.9%---
Profitability & leverage
Net income margin+9.1%+10.7%+6.4%+1.9%+0.1%+2.1%+3.2%
Return on capital employed-+50.6%+26.0%+13.9%+7.0%+12.8%+12.8%
Return on net worth-+48.1%+26.2%+9.6%+0.1%+8.8%+9.2%
Debt / equity-0.370.560.940.750.690.58
Long-term debt / equity-0.020.020.260.320.240.15
Interest cover7.797.0218.5657.23292.0366.1179.39
Efficiency & per share
Fixed asset turnover-8.667.525.294.434.313.29
Inventory turnover-11.209.174.014.395.855.06
Debtors turnover-8.029.2110.9610.6810.046.37
EPS (₹)80.5234.1110.866.310.325.265.31
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0088.4353.5069.1362.8262.4957.67
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue501669646522380327188188
Revenue growth (YoY)+31.8%+104.9%+244.7%+177.3%+395.7%---
Other income3.682.960.971.362.280.960.521.08
Total expenses428578557445318274151158
EBITDA73.3090.8789.2077.8162.8152.7036.8930.63
EBITDA margin+14.6%+13.6%+13.8%+14.9%+16.5%+16.1%+19.7%+16.3%
Depreciation9.939.356.544.054.132.982.971.27
Interest14.969.706.493.373.322.312.031.43
Profit before tax52.0974.7877.1471.7557.6448.3732.4129.01
Tax13.3720.1422.6119.6515.1013.478.905.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,21877940418315313992.00
Revenue growth+184.7%+92.7%+121.3%+19.6%+10.3%+50.6%-
Other income7.572.898.911.243.361.152.39
Total expenses1,89765436717215013085.63
Employee cost0.0013.919.515.295.855.896.10
EBITDA32112537.0311.113.248.486.37
EBITDA margin+14.5%+16.1%+9.2%+6.1%+2.1%+6.1%+6.9%
Depreciation24.088.503.221.962.592.312.23
Interest22.898.276.245.123.904.283.59
Profit before tax28111136.485.270.113.042.94
Tax77.5028.584.871.490.040.240.08
Net profit20482.7525.783.78(0.77)2.662.73
Net profit margin+9.2%+10.6%+6.4%+2.1%-0.5%+1.9%+3.0%
EPS (₹)81.4233.8612.906.250.124.664.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.5424.4724.476.006.006.006.00
Reserves & surplus50619210933.3029.5529.4826.94
Shareholders' funds (net worth)56421613339.3035.5535.4832.94
Secured loans50771.937.2339.5718.7824.0914.73
Unsecured loans28.125.1541.730.231.013.584.58
Total debt53577.0848.9639.8019.7927.6719.31
Total liabilities1,10429418379.3755.7463.5552.58
Assets
Gross block21610470.8735.9235.1938.7536.24
Net block16672.1647.4315.4316.5719.6119.41
Capital work in progress16210.830.014.452.000.560.00
Investments2.752.752.733.934.264.775.34
Inventories35910236.9641.1234.2122.1410.14
Sundry debtors25812570.6521.4716.0417.4621.85
Cash & bank balances14344.4143.2612.026.2614.037.69
Loans & advances14160.3920.1315.069.2413.199.28
Total current assets90033117189.6765.7566.8248.96
Total current liabilities27116247.0334.3933.1528.7320.45
Net working capital62916912455.2832.6038.0928.51
Total assets1,10429418379.3755.7463.5552.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash27.7325.982.140.701.651.350.17
Net cash from operating activities(117)54.15(13.66)(8.33)3.611.547.32
Net cash from investing activities(441)(70.80)(15.67)(6.87)6.41(3.72)(0.43)
Net cash from financing activities55318.4053.1716.64(10.98)2.47(5.71)
Net change in cash(4.87)1.7623.841.45(0.96)0.301.18
Closing cash14344.4143.2612.026.2614.037.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+184.7%+92.7%+121.3%+19.6%+10.3%+50.6%-
EBITDA growth+155.9%+238.4%+233.3%+242.9%-61.8%+33.1%-
PBT growth+152.4%+205.5%+592.2%+4690.9%-96.4%+3.4%+9997.0%
Net income growth+147.1%+221.0%+582.0%+590.9%-129.0%-2.6%-
Revenue CAGR (3Y)+129.8%+72.1%+42.9%+25.7%---
EBITDA CAGR (3Y)+206.8%+238.2%+63.5%+20.4%---
Profitability & leverage
Net income margin+9.2%+10.6%+7.8%+2.1%+0.1%+2.0%+3.1%
Return on capital employed-+50.2%+26.9%+15.3%+7.2%+11.5%+12.4%
Return on net worth-+47.4%+29.8%+9.9%-2.2%+7.9%+8.7%
Debt / equity-0.360.510.800.670.770.59
Long-term debt / equity-0.02-0.010.05-24,673.32-0.180.14
Interest cover7.727.0818.4655.96600.0069.3786.71
Efficiency & per share
Fixed asset turnover-8.927.575.144.133.582.54
Inventory turnover-11.2410.364.855.426.269.07
Debtors turnover-7.998.789.749.127.944.21
EPS (₹)81.4233.8612.906.250.124.664.76
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0088.3254.5065.5259.2759.1554.92

To see the full year-wise statements and ratios of Alpex Solar Limited, buy the company report.

Board of directors of Alpex Solar Limited

Alpex Solar has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Indrajeet S KhannaDirector16 Oct 20233 Years 0 MonthsCurrent
Ashwani Sehgal
Also directs: Udaya Fibers Private Limited, Alpex Gh2 Private Limited, Alpex Green Energies Private Limited and 5 more
Managing Director27 Aug 199333 Years 1 MonthsCurrent
Monica Sehgal
Also directs: Zyconic Private Limited, Alpex Exim Private Limited, Scan International Private Limited and 1 more
Whole-Time Director27 Aug 199333 Years 1 MonthsCurrent
Vipin Sehgal
Also directs: Udaya Fibers Private Limited, Alpex Exim Private Limited
Director10 Jun 20179 Years 4 MonthsCurrent
Mukesh Malhotra
Also directs: Sunshield Chemicals Limited, Indo-Belgian Luxembourg Chamber of Commerce and Industry
Director29 Sep 20251 Years 0 MonthsCurrent
Deepak Verma
Also directs: 63 Moons Technologies Limited, Ticker Limited, Srei Equipment Finance Limited and 1 more
Director16 Oct 20233 Years 0 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 65.90%, foreign institutional investors hold 3.10%, domestic institutional investors hold 0.40% and retail and other public shareholders hold 30.60%.

Promoters: 65.90%DII (Domestic Institutional): 0.40%FII (Foreign Institutional): 3.10%Retail & Others: 30.60%
Sep 2026
QUARTER
65.90% Promoters
0.40% DII (Domestic Institutional)
3.10% FII (Foreign Institutional)
30.60% Retail & Others
Promoter holding - history
Now 65.90% · Sep 2026High 65.90% · Dec 2025Low 65.90% · Dec 2025
64%64.8%65.5%66.3%67%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 65.90%Mar 2026: 65.90%Jun 2026: 65.90%Sep 2026: 65.90%65.90%65.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters65.90%65.90%65.90%65.90%
Public34.10%34.10%34.10%34.10%

Charges & borrowings

Open charges
₹1,266.86 Cr
Satisfied charges
₹251.77 Cr
Breakdown by lending institutions
Others₹556.68 Cr
State Bank of India₹460.00 Cr
Hdfc Bank Limited₹167.93 Cr
Axis Bank Limited₹82.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Aug 2026101382857Others₹5 CrOpen
14 Jul 2026101350304State Bank of India₹365 CrOpen
14 Jul 2026101351611Axis Bank Limited₹7.25 CrOpen
11 Jun 2026101324115Others₹97.5 LakhOpen
25 Mar 2026101272604Others₹3 CrOpen

To see the full charge records of Alpex Solar Limited, buy the company report.

Total charge records: 59 View all charges

Deals & funding

Alpex Solar Limited has 9 deals on record (4 funding rounds, 4 secondary share transfers, 1 ipo), with disclosed funding of ₹3.22 Cr; the latest was in February 2024.

Total deals
9
Funding rounds
4
Secondary share transfers
4
IPO
1
Disclosed funding
₹3.22 Cr

Deals on record (5 of 9)

WhenDealAmountParties
Feb 2024IPO₹74.52 CrInvestors: IPO - Alpex Solar Limited, Persistent Growth Fund- Varsu India Growth Story Scheme 1, Astorne Capital Vcc
Mar 2020Secondary share transferUndisclosedBuyer: Zyconic Private Limited
Seller: an individual
Jan 2011Funding round₹1.58 CrInvestors: Zyconic Private Limited
Jul 2010Funding round₹1 CrInvestors: Zyconic Private Limited
Mar 2009Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Fortune India, 3 individuals

To see the full deal history of Alpex Solar Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Alpex Solar Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 133 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 39)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Oswal Pumps Limited
an individual supplier
Ambesten Packagings

To see the full MSME payment records of Alpex Solar Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Alpex Solar has 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

2
Associated companies

Employees & EPFO

Alpex Solar Limited has a workforce of 226 employees on its EPFO records as of Mar 13, 2025, across 1 active EPFO establishment.

Employee count
226
Active EPFO establishments
1
Employee growth
12.44%

GST

No GST registration is on our record for Alpex Solar Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Alpex Solar Limited has 11 board changes on record since 1993: 10 appointments and 1 cessation. The latest: Sangeeta Bhatia was appointed as Director on 21 May 2026.

Charges
A charge with Others of Rs. 30.00 Cr registered on 18 Dec 2025 with Charge ID 101207695 was modified on 09 Sep 2026.
Charges
A charge with Others of Rs. 50.00 Cr registered on 13 Nov 2025 with Charge ID 101189687 was modified on 09 Sep 2026.
Charges
A charge with Others of Rs. 37.50 Cr registered on 01 Nov 2025 with Charge ID 101180903 was modified on 09 Sep 2026.
Charges
A charge with Others of Rs. 75.00 Cr registered on 08 Sep 2025 with Charge ID 101154942 was modified on 09 Sep 2026.
Charges
A charge with Others of Rs. 35.00 Cr registered on 29 Aug 2025 with Charge ID 101156505 was modified on 09 Sep 2026.
Charges
A charge with Axis Bank Limited of Rs. 75.00 Cr registered on 13 Aug 2025 with Charge ID 101149413 was modified on 09 Sep 2026.
Charges
A charge with Others of Rs. 75.00 Cr registered on 17 Jul 2024 with Charge ID 100956950 was modified on 09 Sep 2026.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101382857 was registered on 20 Aug 2026.
Charges
A charge registered on 22 Jan 2026 via Charge ID 101222648 with Others was fully satisfied on 11 Aug 2026.
Charges
A charge with State Bank Of India amounted to Rs. 365.00 Cr with Charge ID 101350304 was registered on 14 Jul 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 7.25 Cr with Charge ID 101351611 was registered on 14 Jul 2026.
Charges
A charge with Others amounted to Rs. 0.98 Cr with Charge ID 101324115 was registered on 11 Jun 2026.

111 earlier events are in the company report.

News

Alpex Solar: Company Opens New 2.2 GW G12R Topcon Solar Cell Facility in Kosi-Kotwan. - SME
17 Sep 2026 · Exchange Update

Frequently asked questions

Alpex Solar is an active public limited company based in New Delhi, Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 27 August 1993 (33+ years old) and is registered under CIN L51909DL1993PLC171352. Listed on NSE: ALPEXSOLAR.

Alpex Solar reported revenue of ₹2,223.27 Cr for FY 2025-26 (up 185% YoY) based on consolidated financials.

Alpex Solar has 7 current directors:

The latest financial statements of Alpex Solar on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The CIN (Corporate Identification Number) of Alpex Solar is L51909DL1993PLC171352. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Alpex Solar is a listed company as per MCA records. Its shares are listed on NSE (symbol: ALPEXSOLAR).

Alpex Solar has 47 court cases on record: 33 filed by the company and 14 filed against it. 6 are pending. Most are in the district courts.

Alpex Solar was incorporated on 27 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.

Alpex Solar has 9 deals on record (4 funding rounds, 4 secondary share transfers, 1 ipo), with disclosed funding of ₹3.22 Cr; the latest was in February 2024.

Sangeeta Bhatia was appointed as Director on 21 May 2026. Satish Kumar Gupta ceased to be Director on 30 Sep 2025. Mukesh Malhotra was appointed as Director on 29 Sep 2025. Alpex Solar has 11 board changes on record in total.

Alpex Solar has 13 MSME Form 1 returns on record between 2019 and 2024, listing 133 overdue payments to 39 micro and small suppliers. The latest return was filed on 30 Apr 2024.