Solex Energy

Anand, India Founded: 2014 • Age: 12 yrs Listed
Manufactures solar products

About Solex Energy

Solex Energy is a publicly listed company based in Anand (India) founded in 2014 by Rajesh Laljibhai Bharadva and Kalpeshkumar Ramanbhai Patel. It manufactures solar products. The company has 38 employees. Its Indian entity Solex Energy Limited reported revenue of ₹1,622 Cr. Solex Energy offers products and services including Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its competitors include Su-Kam Power Systems, Mose Solar and Goldi Solar; 1 of its 3 listed competitors has raised funding.

Company details

Solex Energy was founded in 2014 in Anand, India, and focuses on the solar energy sector. Manufacturing of solar PV modules rated at 6V, 12V, and 24V is carried out, along with solar water heaters, inverters, water pumps, and street lights. Installation services for solar power plants are provided, ranging from 0.3kW to 10kW for domestic use and 10kWp to 500kWp for industrial applications. Operations are centered in India.

  • Headquarters Anand, India
  • Employees 38
  • Founders Rajesh Laljibhai Bharadva, Kalpeshkumar Ramanbhai Patel
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website solex.in
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Solex Energy Ltd.
Key Metrics
  • Market Cap
    ₹627 Cr

    SOLEX · NSE

  • Share Price
    ₹584.40

    +0.68% today

  • Revenue
    ₹1,618 Cr

    FY 2025-26 · +144.3% YoY

  • EBITDA
    ₹184 Cr

    Margin 11.3%

  • Net Profit
    ₹95.71 Cr

    FY 2025-26 · +127.7% YoY

  • P/E (TTM)
    7.3x

    P/B 2.3x

  • Employee Count
    38

Products & Services of Solex Energy

Solex Energy offers a comprehensive portfolio of products and services, including Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga.

Tapi R
Solar Module

N-Type TOPCON panel for high-efficiency solar energy generation.

Tapi Trans
Solar Module

Dual glass module offering durable and efficient solar power solutions.

Tapi Series
Solar Module

Monocrystalline panels designed for reliable renewable energy applications.

Tapi Black
Solar Module

All-black monocrystalline module for aesthetic and functional solar use.

Ganga
Solar Module

Compact solar panel suitable for various energy needs and installations.

Apps and channels of Solex Energy

its YouTube channel Solex Energy Limited has 7.3K subscribers and 25 videos.

Solex Energy Limited
YouTube 7.3K subscribers 25 videos Science & Technology
Open channel

Videos from Solex Energy

The most watched videos on Solex Energy's YouTube channel, Solex Energy Limited (7.3K subscribers). Click a video to play it here.

Solex Energy | Bharat’s Most Trusted Solar Brand
311.8K views
Powering the Future with 30+ Years of Solar Excellence
173.7K views
Solex Energy @RenewX Expo| Chennai
110.4K views
Solex Energy | Udaan 2025 | Mr. Chetan Shah | Fiscal Year Recap | Annual Year Meet
37.8K views

More on Solex Energy Limited .

Board of directors of Solex Energy Limited (Solex Energy)

Solex Energy Limited is the primary company behind Solex Energy. The board of Solex Energy Limited currently have 12 directors; the longest-serving is Kalpeshkumar Ramanbhai Patel, appointed in 2014. 14 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kalpeshkumar Ramanbhai Patel
DIN 01066992
Whole-time director13 Oct 201412 yrsSolex Energy Limited
Rajeshbhai Tulsibhai Patel
DIN 07920531
Director24 Oct 20179 yrsSolex Energy Limited
Kiran Ritesh Shah
DIN 09046468
Director03 Mar 20215 yrs 8 moSolex Energy Limited
Kamlesh Pravin Yagnik
DIN 02019379
Director03 Mar 20215 yrs 8 moSolex Energy Limited
Chetankumar Sureshchandra Shah
DIN 02253886
Managing Director08 Jun 20215 yrs 4 moSolex Energy Limited
Piyush Kailashchandra Chandak
DIN 09195922
Whole-time director08 Jun 20215 yrs 4 moSolex Energy Limited
Anil Rathi
DIN 01405654
Director08 Jun 20215 yrs 4 moSolex Energy Limited
Vipul Mulchand Shah
DIN 01547319
Director15 Jul 20215 yrs 3 moSolex Energy Limited
Amitkumar Dalpatram Trivedi
DIN 08450070
Director12 Dec 20223 yrs 10 moSolex Energy Limited
Jayesh Jayantilal Gajjar
DIN 10883778
Director11 Jan 20251 yr 9 moSolex Energy Limited
Sanjay Bhagvandas Punjabi
DIN 03125759
Director07 Apr 20251 yr 6 moSolex Energy Limited
Sanjay Srivastava
DIN 10901774
Director07 Apr 20251 yr 6 moSolex Energy Limited

People of Solex Energy

3 people are tracked at Solex Energy (3 in leadership); the tracked headcount is 38.

NameRoleGroup
Co-Founder & DirectorLeadership
Co-Founder & DirectorLeadership
Managing Director & ChairmanLeadership
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Complete people profiles for Solex Energy

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  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Solex Energy

Solex Energy is a publicly listed company on the NSE with ticker symbol SOLEX in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date05 Feb 2018
  • Listed onNSE: SOLEX
  • Listed entitySolex Energy Ltd.
  • Exchange sectorProducer manufacturing
  • ISININE880Y01017
  • Share price₹637.00 (-1.11% on the day) · 2026-10-14
  • Market capitalisation₹696 Cr
  • Price to earnings8.6
  • EPS (diluted, trailing year)₹73.89
  • Dividend yield0.09%
  • Volume (last session)12,179

Financials of Solex Energy

Exchange-reported figures of Solex Energy Limited, the listed company behind Solex Energy (NSE: SOLEX).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,618 Cr
+144.3% YoY
EBITDA
₹184 Cr
+151.2% YoY
Profit After Tax
₹95.71 Cr
+127.7% YoY
Net Worth
₹253 Cr
+60.6% YoY
Total Assets
₹596 Cr
+78.5% YoY
Total Debt
₹339 Cr
+95.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue1,618662366
Revenue growth+144.3%+81.0%-
EBITDA18473.1228.42
EBITDA margin+11.4%+11.0%+7.8%
Profit before tax13156.7211.55
Net profit95.7142.038.74
Net profit margin+5.9%+6.4%+2.4%
EPS (₹)88.8838.9110.92
Balance sheet
Total assets596334145
Net worth25315846.24
Total debt33917496.16
Cash & bank12324.650.19
Net working capital24319472.53
Cash flow
Cash from operations201(40.46)1.71
Cash from investing(225)(58.24)(21.24)
Cash from financing88.8111119.59
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue261886318155260254135132
Revenue growth (YoY)+0.5%+248.1%+136.1%+17.7%+83.6%---
Other income4.810.421.53(0.38)1.440.471.090.96
EBITDA28.9898.3425.8818.5941.2628.0323.6214.32
EBITDA margin+11.1%+11.1%+8.1%+12.0%+15.9%+11.0%+17.5%+10.9%
Depreciation10.1910.366.094.444.273.392.511.98
Interest12.4810.199.355.895.415.002.892.53
Profit before tax11.1278.2111.977.8833.0220.1119.3110.77
Tax2.8719.333.102.108.324.985.291.70
Net profit8.2558.888.875.7824.7015.1314.029.07
EPS (₹)7.3953.618.074.8322.3713.2513.018.81
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,55566036616271.9279.62138
Revenue growth+135.6%+80.4%+126.3%+124.9%-9.7%-42.3%-
EBITDA17068.8628.4211.331.853.347.35
EBITDA margin+11.0%+10.4%+7.8%+7.0%+2.6%+4.2%+5.3%
Profit before tax11952.4611.553.871.222.366.25
Net profit88.6039.618.742.730.981.634.47
Net profit margin+5.7%+6.0%+2.4%+1.7%+1.4%+2.1%+3.2%
EPS (₹)82.2936.6610.923.391.233.399.01
Balance sheet
Total assets56833014510759.4742.0932.24
Net worth24315546.2437.6335.0423.5822.15
Total debt32417496.1665.9419.4212.105.08
Cash & bank12022.820.190.130.392.070.58
Net working capital21519072.5349.4932.8439.6831.18
Cash flow
Cash from operations214(41.85)1.71(6.19)3.852.472.13
Cash from investing(224)(58.53)(21.24)(34.85)(27.23)(0.67)(0.64)
Cash from financing74.2611019.5940.7921.70(0.31)(1.55)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue259839318149249253134132
Revenue growth (YoY)+4.1%+232.3%+136.8%+12.8%+76.2%---
Other income4.890.451.53(0.48)1.631.651.090.96
Total expenses232747293133211230111117
EBITDA26.9692.3724.8415.5338.0822.3923.7414.40
EBITDA margin+10.4%+11.0%+7.8%+10.5%+15.3%+8.9%+17.7%+10.9%
Depreciation10.1410.226.084.444.263.392.511.98
Interest12.179.879.185.895.414.992.892.53
Profit before tax9.5472.7311.114.7230.0415.6619.4310.85
Tax2.4017.942.881.337.563.865.321.72

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 04 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue261886318155260254135132
Revenue growth (YoY)+0.5%+248.1%+136.1%+17.7%+83.6%---
Other income4.810.421.53(0.38)1.440.471.090.96
EBITDA28.9898.3425.8818.5941.2628.0323.6214.32
EBITDA margin+11.1%+11.1%+8.1%+12.0%+15.9%+11.0%+17.5%+10.9%
Depreciation10.1910.366.094.444.273.392.511.98
Interest12.4810.199.355.895.415.002.892.53
Profit before tax11.1278.2111.977.8833.0220.1119.3110.77
Tax2.8719.333.102.108.324.985.291.70
Net profit8.2558.888.875.7824.7015.1314.029.07
EPS (₹)7.3953.618.074.8322.3713.2513.018.81
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue1,618662366
Revenue growth+144.3%+81.0%-
Other income3.463.602.09
Total expenses1,434589338
Employee cost0.0020.7712.74
EBITDA18473.1228.42
EBITDA margin+11.4%+11.0%+7.8%
Depreciation25.159.238.46
Interest30.8410.7710.50
Profit before tax13156.7211.55
Tax32.8713.922.81
Net profit95.7142.038.74
Net profit margin+5.9%+6.4%+2.4%
EPS (₹)88.8838.9110.92
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital10.8010.808.00
Reserves & surplus24214738.24
Shareholders' funds (net worth)25315846.24
Minority interest3.130.890.00
Secured loans19212371.66
Unsecured loans14750.1324.50
Total debt33917496.16
Total liabilities596334145
Assets
Gross block39116270.11
Net block33813454.40
Capital work in progress10.882.540.32
Investments0.091.5914.38
Inventories29018066.39
Sundry debtors35711446.69
Cash & bank balances12324.650.19
Loans & advances55.8337.7125.33
Total current assets826356139
Total current liabilities58316366.07
Net working capital24319472.53
Total assets596334145
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash12.050.190.13
Net cash from operating activities201(40.46)1.71
Net cash from investing activities(225)(58.24)(21.24)
Net cash from financing activities88.8111119.59
Net change in cash64.3411.860.06
Closing cash12324.650.19
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+144.3%+81.0%-
EBITDA growth+151.2%+157.3%-
PBT growth+131.2%+391.1%+9997.0%
Net income growth+127.7%+380.9%-
Profitability & leverage
Net income margin+6.1%+6.5%+2.4%
Return on capital employed-+29.7%+15.2%
Return on net worth-+41.4%+18.9%
Debt / equity-1.182.08
Long-term debt / equity-0.561.02
Interest cover19.4616.8652.61
Efficiency & per share
Fixed asset turnover-6.445.22
Inventory turnover-5.395.51
Debtors turnover-8.137.84
EPS (₹)88.8838.9110.92
Dividend per share (₹)0.000.550.55
Book value per share (₹)0.00148.7057.80
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue259839318149249253134132
Revenue growth (YoY)+4.1%+232.3%+136.8%+12.8%+76.2%---
Other income4.890.451.53(0.48)1.631.651.090.96
Total expenses232747293133211230111117
EBITDA26.9692.3724.8415.5338.0822.3923.7414.40
EBITDA margin+10.4%+11.0%+7.8%+10.5%+15.3%+8.9%+17.7%+10.9%
Depreciation10.1410.226.084.444.263.392.511.98
Interest12.179.879.185.895.414.992.892.53
Profit before tax9.5472.7311.114.7230.0415.6619.4310.85
Tax2.4017.942.881.337.563.865.321.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,55566036616271.9279.62138
Revenue growth+135.6%+80.4%+126.3%+124.9%-9.7%-42.3%-
Other income3.583.602.092.680.370.360.38
Total expenses1,38559133815070.0776.28131
Employee cost0.0020.0512.745.862.041.751.09
EBITDA17068.8628.4211.331.853.347.35
EBITDA margin+11.0%+10.4%+7.8%+7.0%+2.6%+4.2%+5.3%
Depreciation25.009.238.464.530.250.260.33
Interest30.3510.7710.505.610.751.081.15
Profit before tax11952.4611.553.871.222.366.25
Tax29.7012.852.811.140.240.681.79
Net profit88.6039.618.742.730.981.634.47
Net profit margin+5.7%+6.0%+2.4%+1.7%+1.4%+2.1%+3.2%
EPS (₹)82.2936.6610.923.391.233.399.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.8010.808.008.008.004.944.94
Reserves & surplus23314438.2429.6327.0418.6417.21
Shareholders' funds (net worth)24315546.2437.6335.0423.5822.15
Secured loans19212371.6657.0114.7412.105.08
Unsecured loans13250.1324.508.934.680.000.00
Total debt32417496.1665.9419.4212.105.08
Total liabilities56833014510759.4742.0932.24
Assets
Gross block39016270.1161.803.413.413.35
Net block33613454.4054.550.690.931.13
Capital work in progress10.842.530.320.8424.080.000.00
Investments0.571.9714.380.830.000.000.00
Inventories27917466.3930.3814.247.995.12
Sundry debtors33111046.6930.2520.7555.6055.67
Cash & bank balances12022.820.190.130.392.070.58
Loans & advances54.5437.2625.3321.9610.727.678.46
Total current assets78434413982.7246.1073.3369.83
Total current liabilities56915466.0733.2313.2633.6538.65
Net working capital21519072.5349.4932.8439.6831.18
Total assets56833014510759.4742.0932.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10.240.190.130.392.070.580.64
Net cash from operating activities214(41.85)1.71(6.19)3.852.472.13
Net cash from investing activities(224)(58.53)(21.24)(34.85)(27.23)(0.67)(0.64)
Net cash from financing activities74.2611019.5940.7921.70(0.31)(1.55)
Net change in cash64.3110.050.06(0.25)(1.68)1.49(0.05)
Closing cash12022.820.190.130.392.070.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+135.6%+80.4%+126.3%+124.9%-9.7%-42.3%-
EBITDA growth+147.4%+142.3%+150.8%+512.4%-44.6%-54.6%-
PBT growth+126.1%+354.2%+198.5%+217.2%-48.3%-62.2%-8.2%
Net income growth+123.7%+353.2%+220.2%+178.6%-39.9%-63.5%-
Revenue CAGR (3Y)+112.7%+109.4%+66.3%+5.4%-21.6%-7.7%+59.3%
EBITDA CAGR (3Y)+146.8%+233.9%+104.2%+15.5%-38.4%-16.2%+53.8%
Profitability & leverage
Net income margin+5.7%+6.0%+2.4%+1.7%+1.4%+2.1%+3.2%
Return on capital employed-+28.0%+17.5%+11.4%+3.9%+9.3%+24.5%
Return on net worth-+38.7%+20.8%+7.5%+3.4%+7.4%+22.2%
Debt / equity-1.191.931.170.540.380.29
Long-term debt / equity-0.571.100.790.240.020.00
Interest cover20.8818.0652.6182.5046.8835.0616.38
Efficiency & per share
Fixed asset turnover-6.425.554.9621.0923.5642.41
Inventory turnover-5.497.567.256.4712.1525.21
Debtors turnover-8.369.516.341.881.432.48
EPS (₹)82.2936.6610.923.391.233.399.01
Dividend per share (₹)0.000.550.550.000.150.300.50
Book value per share (₹)0.00146.4557.8047.0343.8047.7344.84

Competitors of Solex Energy

Solex Energy has 3 listed competitors in our database, 1 of them funded. They include Su-Kam Power Systems, Mose Solar and Goldi Solar.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
su-kam.com1988Gurugram, India288
Solar panels and power storage products are manufactured.
moserbaersolar.com1983Delhi, India70
PV modules, solar tiles, and related solar products are manufactured.
goldisolar.com2011Surat, India$230.96M1,583
Manufacturer of solar PV modules
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Detailed competitors of Solex Energy

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Web traffic of Solex Energy

The website of Solex Energy (solex.in) receives about 9.9K visits a month.

  • Monthly visits
    9.9K

    ▼ 14.4% vs previous month

Similar websites

Websites whose visitors overlap most with Solex Energy. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
pahalsolar.com
100%
3.3K#5,276,532View details
vikramsolar.com
98%
37.9KView details
zodiacenergy.com
97%
6.3K#3,264,667View details
gautamsolar.com
96%
5.8K#2,995,249View details
orbenergy.com
96%
6.9K#2,988,873View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as Solex Energy (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Hybrid renewable energy solutions are provided for rural communities.
2008Patna, Bihar, IndiaUSD 73.99 MUSD 3.46 M294
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Related news about Solex Energy

Solex Energy: Co Secures ₹181 Crore Order
Exchange Update • 29 days ago
Solex Energy: Co Unit Secures ₹194 Crore Order For Topcon Solar PV Modules
Exchange Update • 29 days ago
Solex Energy Limited: Gets ₹75.96 Crore Order For 620 Wp N-Type Topcon Solar PV Modules, Enhancing Its Role As A Reliable Manufacturer In Renewable Energy.
Exchange Update • 1 month ago
Solex Energy: Company Secures ₹13.16 Crore Order For Topcon Bifacial Solar PV Modules From Local Firm.
Exchange Update • 1 month ago
Solex Energy: Plans Analyst And Investor Meeting On September 28 At 3 PM
Exchange Update • 1 month ago
Solex Energy: Co Targets ₹4,500 Crore In Revenue By FY28
Exchange Update • 1 month ago
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Frequently Asked Questions about Solex Energy

Solex Energy was founded in 2014.

Solex Energy is headquartered in Anand, India. It is registered at Anand, Gujarat, India.

Solex Energy has 38 employees.

The primary company behind Solex Energy, Solex Energy Limited, reported revenue of ₹1,622 Cr for FY 2026, up 144% year on year.

Solex Energy was founded in 2014 in Anand, India, and focuses on the solar energy sector. Manufacturing of solar PV modules rated at 6V, 12V, and 24V is carried out, along with solar water heaters, inverters, water pumps, and street lights. Installation services for solar power plants are provided, ranging from 0.3kW to 10kW for domestic use and 10kWp to 500kWp for industrial applications. Operations are centered in India.

Solex Energy's top competitors include Goldi Solar, Su-Kam Power Systems and Mose Solar.

Solex Energy offers Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga.

Yes, Solex Energy is publicly traded on NSE under the ticker symbol SOLEX.

Solex Energy operates through Solex Energy Limited.

The legal entities of Solex Energy currently have 14 directors, including Rajeshbhai Tulsibhai Patel, Chetankumar Sureshchandra Shah, Piyush Kailashchandra Chandak and others.

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