
About Solex Energy Limited
Data last updated:
Solex Energy Limited is a public limited company based in Surat, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 13 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L40106GJ2014PLC081036. Its GSTIN is 24AAVCS0328R1ZN (Gujarat). The company holds 12 GST registrations, of which 11 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544862 and NSE: SOLEX.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.8 Cr. It was formerly known as Solex Energy Private Limited. It is led by directors including Chetankumar Sureshchandra Shah (Managing Director) and Piyush Kailashchandra Chandak (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 Surat, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,618.06 Cr, a growth of 144.3% compared to the previous year. For the same year it recorded a net profit of ₹95.71 Cr (net margin 5.9%) and EBITDA of ₹183.65 Cr (EBITDA margin 11.4%). The net worth stands at ₹252.95 Cr (up 60.6% YoY). Total assets are valued at ₹595.71 Cr (up 78.5% YoY).
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solex Energy. As per MCA filings, the company has open charges of ₹617.81 Cr and satisfied charges of ₹167.41 Cr on record. Court records list 14 cases involving the company, including 12 filed by the company and 2 filed against it; 5 cases are pending. The company has 24 deals on record (16 market trades, 3 funding rounds, 2 rights issues), with disclosed funding of ₹84.3 Cr; the latest was in November 2025. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 59 overdue payments to 35 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 solex.in.
Company details
CIN history
Solex Energy has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40106GJ2014PLC081036, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106GJ2014PLC081036 | Current |
| U40106GJ2014PLC081036 | Previous |
| U40106GJ2014PTC081036 | Previous |
Contact details
Solex Energy Limited's registered office is in Surat City, Gujarat. Its website is solex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address8th Floor 801 – 812 Rio Empire, Opp. R.T.O Pal, Surat, Gujarat, India – 395009
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Solex Energy Limited, buy the company report.
- 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
Brands
Solex Energy operates one associated brand: Solex Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar products | solex.in |
Business activity
The main business activity of Solex Energy is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Solex Energy Limited, buy the company report.
Financials of Solex Energy Limited
FY 2025-26 filings availableSolex Energy Limited reported revenue of ₹1,618.06 Cr (up 144.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 1,618 | 662 | 366 |
| Revenue growth | +144.3% | +81.0% | - |
| EBITDA | 184 | 73.12 | 28.42 |
| EBITDA margin | +11.4% | +11.0% | +7.8% |
| Profit before tax | 131 | 56.72 | 11.55 |
| Net profit | 95.71 | 42.03 | 8.74 |
| Net profit margin | +5.9% | +6.4% | +2.4% |
| EPS (₹) | 88.88 | 38.91 | 10.92 |
| Balance sheet | |||
| Total assets | 596 | 334 | 145 |
| Net worth | 253 | 158 | 46.24 |
| Total debt | 339 | 174 | 96.16 |
| Cash & bank | 123 | 24.65 | 0.19 |
| Net working capital | 243 | 194 | 72.53 |
| Cash flow | |||
| Cash from operations | 201 | (40.46) | 1.71 |
| Cash from investing | (225) | (58.24) | (21.24) |
| Cash from financing | 88.81 | 111 | 19.59 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 261 | 886 | 318 | 155 | 260 | 254 | 135 | 132 |
| Revenue growth (YoY) | +0.5% | +248.1% | +136.1% | +17.7% | +83.6% | - | - | - |
| Other income | 4.81 | 0.42 | 1.53 | (0.38) | 1.44 | 0.47 | 1.09 | 0.96 |
| EBITDA | 28.98 | 98.34 | 25.88 | 18.59 | 41.26 | 28.03 | 23.62 | 14.32 |
| EBITDA margin | +11.1% | +11.1% | +8.1% | +12.0% | +15.9% | +11.0% | +17.5% | +10.9% |
| Depreciation | 10.19 | 10.36 | 6.09 | 4.44 | 4.27 | 3.39 | 2.51 | 1.98 |
| Interest | 12.48 | 10.19 | 9.35 | 5.89 | 5.41 | 5.00 | 2.89 | 2.53 |
| Profit before tax | 11.12 | 78.21 | 11.97 | 7.88 | 33.02 | 20.11 | 19.31 | 10.77 |
| Tax | 2.87 | 19.33 | 3.10 | 2.10 | 8.32 | 4.98 | 5.29 | 1.70 |
| Net profit | 8.25 | 58.88 | 8.87 | 5.78 | 24.70 | 15.13 | 14.02 | 9.07 |
| EPS (₹) | 7.39 | 53.61 | 8.07 | 4.83 | 22.37 | 13.25 | 13.01 | 8.81 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,555 | 660 | 366 | 162 | 71.92 | 79.62 | 138 |
| Revenue growth | +135.6% | +80.4% | +126.3% | +124.9% | -9.7% | -42.3% | - |
| EBITDA | 170 | 68.86 | 28.42 | 11.33 | 1.85 | 3.34 | 7.35 |
| EBITDA margin | +11.0% | +10.4% | +7.8% | +7.0% | +2.6% | +4.2% | +5.3% |
| Profit before tax | 119 | 52.46 | 11.55 | 3.87 | 1.22 | 2.36 | 6.25 |
| Net profit | 88.60 | 39.61 | 8.74 | 2.73 | 0.98 | 1.63 | 4.47 |
| Net profit margin | +5.7% | +6.0% | +2.4% | +1.7% | +1.4% | +2.1% | +3.2% |
| EPS (₹) | 82.29 | 36.66 | 10.92 | 3.39 | 1.23 | 3.39 | 9.01 |
| Balance sheet | |||||||
| Total assets | 568 | 330 | 145 | 107 | 59.47 | 42.09 | 32.24 |
| Net worth | 243 | 155 | 46.24 | 37.63 | 35.04 | 23.58 | 22.15 |
| Total debt | 324 | 174 | 96.16 | 65.94 | 19.42 | 12.10 | 5.08 |
| Cash & bank | 120 | 22.82 | 0.19 | 0.13 | 0.39 | 2.07 | 0.58 |
| Net working capital | 215 | 190 | 72.53 | 49.49 | 32.84 | 39.68 | 31.18 |
| Cash flow | |||||||
| Cash from operations | 214 | (41.85) | 1.71 | (6.19) | 3.85 | 2.47 | 2.13 |
| Cash from investing | (224) | (58.53) | (21.24) | (34.85) | (27.23) | (0.67) | (0.64) |
| Cash from financing | 74.26 | 110 | 19.59 | 40.79 | 21.70 | (0.31) | (1.55) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 259 | 839 | 318 | 149 | 249 | 253 | 134 | 132 |
| Revenue growth (YoY) | +4.1% | +232.3% | +136.8% | +12.8% | +76.2% | - | - | - |
| Other income | 4.89 | 0.45 | 1.53 | (0.48) | 1.63 | 1.65 | 1.09 | 0.96 |
| Total expenses | 232 | 747 | 293 | 133 | 211 | 230 | 111 | 117 |
| EBITDA | 26.96 | 92.37 | 24.84 | 15.53 | 38.08 | 22.39 | 23.74 | 14.40 |
| EBITDA margin | +10.4% | +11.0% | +7.8% | +10.5% | +15.3% | +8.9% | +17.7% | +10.9% |
| Depreciation | 10.14 | 10.22 | 6.08 | 4.44 | 4.26 | 3.39 | 2.51 | 1.98 |
| Interest | 12.17 | 9.87 | 9.18 | 5.89 | 5.41 | 4.99 | 2.89 | 2.53 |
| Profit before tax | 9.54 | 72.73 | 11.11 | 4.72 | 30.04 | 15.66 | 19.43 | 10.85 |
| Tax | 2.40 | 17.94 | 2.88 | 1.33 | 7.56 | 3.86 | 5.32 | 1.72 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 261 | 886 | 318 | 155 | 260 | 254 | 135 | 132 |
| Revenue growth (YoY) | +0.5% | +248.1% | +136.1% | +17.7% | +83.6% | - | - | - |
| Other income | 4.81 | 0.42 | 1.53 | (0.38) | 1.44 | 0.47 | 1.09 | 0.96 |
| EBITDA | 28.98 | 98.34 | 25.88 | 18.59 | 41.26 | 28.03 | 23.62 | 14.32 |
| EBITDA margin | +11.1% | +11.1% | +8.1% | +12.0% | +15.9% | +11.0% | +17.5% | +10.9% |
| Depreciation | 10.19 | 10.36 | 6.09 | 4.44 | 4.27 | 3.39 | 2.51 | 1.98 |
| Interest | 12.48 | 10.19 | 9.35 | 5.89 | 5.41 | 5.00 | 2.89 | 2.53 |
| Profit before tax | 11.12 | 78.21 | 11.97 | 7.88 | 33.02 | 20.11 | 19.31 | 10.77 |
| Tax | 2.87 | 19.33 | 3.10 | 2.10 | 8.32 | 4.98 | 5.29 | 1.70 |
| Net profit | 8.25 | 58.88 | 8.87 | 5.78 | 24.70 | 15.13 | 14.02 | 9.07 |
| EPS (₹) | 7.39 | 53.61 | 8.07 | 4.83 | 22.37 | 13.25 | 13.01 | 8.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 1,618 | 662 | 366 |
| Revenue growth | +144.3% | +81.0% | - |
| Other income | 3.46 | 3.60 | 2.09 |
| Total expenses | 1,434 | 589 | 338 |
| Employee cost | 0.00 | 20.77 | 12.74 |
| EBITDA | 184 | 73.12 | 28.42 |
| EBITDA margin | +11.4% | +11.0% | +7.8% |
| Depreciation | 25.15 | 9.23 | 8.46 |
| Interest | 30.84 | 10.77 | 10.50 |
| Profit before tax | 131 | 56.72 | 11.55 |
| Tax | 32.87 | 13.92 | 2.81 |
| Net profit | 95.71 | 42.03 | 8.74 |
| Net profit margin | +5.9% | +6.4% | +2.4% |
| EPS (₹) | 88.88 | 38.91 | 10.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 10.80 | 10.80 | 8.00 |
| Reserves & surplus | 242 | 147 | 38.24 |
| Shareholders' funds (net worth) | 253 | 158 | 46.24 |
| Minority interest | 3.13 | 0.89 | 0.00 |
| Secured loans | 192 | 123 | 71.66 |
| Unsecured loans | 147 | 50.13 | 24.50 |
| Total debt | 339 | 174 | 96.16 |
| Total liabilities | 596 | 334 | 145 |
| Assets | |||
| Gross block | 391 | 162 | 70.11 |
| Net block | 338 | 134 | 54.40 |
| Capital work in progress | 10.88 | 2.54 | 0.32 |
| Investments | 0.09 | 1.59 | 14.38 |
| Inventories | 290 | 180 | 66.39 |
| Sundry debtors | 357 | 114 | 46.69 |
| Cash & bank balances | 123 | 24.65 | 0.19 |
| Loans & advances | 55.83 | 37.71 | 25.33 |
| Total current assets | 826 | 356 | 139 |
| Total current liabilities | 583 | 163 | 66.07 |
| Net working capital | 243 | 194 | 72.53 |
| Total assets | 596 | 334 | 145 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 12.05 | 0.19 | 0.13 |
| Net cash from operating activities | 201 | (40.46) | 1.71 |
| Net cash from investing activities | (225) | (58.24) | (21.24) |
| Net cash from financing activities | 88.81 | 111 | 19.59 |
| Net change in cash | 64.34 | 11.86 | 0.06 |
| Closing cash | 123 | 24.65 | 0.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 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 | - | 1.18 | 2.08 |
| Long-term debt / equity | - | 0.56 | 1.02 |
| Interest cover | 19.46 | 16.86 | 52.61 |
| Efficiency & per share | |||
| Fixed asset turnover | - | 6.44 | 5.22 |
| Inventory turnover | - | 5.39 | 5.51 |
| Debtors turnover | - | 8.13 | 7.84 |
| EPS (₹) | 88.88 | 38.91 | 10.92 |
| Dividend per share (₹) | 0.00 | 0.55 | 0.55 |
| Book value per share (₹) | 0.00 | 148.70 | 57.80 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 259 | 839 | 318 | 149 | 249 | 253 | 134 | 132 |
| Revenue growth (YoY) | +4.1% | +232.3% | +136.8% | +12.8% | +76.2% | - | - | - |
| Other income | 4.89 | 0.45 | 1.53 | (0.48) | 1.63 | 1.65 | 1.09 | 0.96 |
| Total expenses | 232 | 747 | 293 | 133 | 211 | 230 | 111 | 117 |
| EBITDA | 26.96 | 92.37 | 24.84 | 15.53 | 38.08 | 22.39 | 23.74 | 14.40 |
| EBITDA margin | +10.4% | +11.0% | +7.8% | +10.5% | +15.3% | +8.9% | +17.7% | +10.9% |
| Depreciation | 10.14 | 10.22 | 6.08 | 4.44 | 4.26 | 3.39 | 2.51 | 1.98 |
| Interest | 12.17 | 9.87 | 9.18 | 5.89 | 5.41 | 4.99 | 2.89 | 2.53 |
| Profit before tax | 9.54 | 72.73 | 11.11 | 4.72 | 30.04 | 15.66 | 19.43 | 10.85 |
| Tax | 2.40 | 17.94 | 2.88 | 1.33 | 7.56 | 3.86 | 5.32 | 1.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,555 | 660 | 366 | 162 | 71.92 | 79.62 | 138 |
| Revenue growth | +135.6% | +80.4% | +126.3% | +124.9% | -9.7% | -42.3% | - |
| Other income | 3.58 | 3.60 | 2.09 | 2.68 | 0.37 | 0.36 | 0.38 |
| Total expenses | 1,385 | 591 | 338 | 150 | 70.07 | 76.28 | 131 |
| Employee cost | 0.00 | 20.05 | 12.74 | 5.86 | 2.04 | 1.75 | 1.09 |
| EBITDA | 170 | 68.86 | 28.42 | 11.33 | 1.85 | 3.34 | 7.35 |
| EBITDA margin | +11.0% | +10.4% | +7.8% | +7.0% | +2.6% | +4.2% | +5.3% |
| Depreciation | 25.00 | 9.23 | 8.46 | 4.53 | 0.25 | 0.26 | 0.33 |
| Interest | 30.35 | 10.77 | 10.50 | 5.61 | 0.75 | 1.08 | 1.15 |
| Profit before tax | 119 | 52.46 | 11.55 | 3.87 | 1.22 | 2.36 | 6.25 |
| Tax | 29.70 | 12.85 | 2.81 | 1.14 | 0.24 | 0.68 | 1.79 |
| Net profit | 88.60 | 39.61 | 8.74 | 2.73 | 0.98 | 1.63 | 4.47 |
| Net profit margin | +5.7% | +6.0% | +2.4% | +1.7% | +1.4% | +2.1% | +3.2% |
| EPS (₹) | 82.29 | 36.66 | 10.92 | 3.39 | 1.23 | 3.39 | 9.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.80 | 10.80 | 8.00 | 8.00 | 8.00 | 4.94 | 4.94 |
| Reserves & surplus | 233 | 144 | 38.24 | 29.63 | 27.04 | 18.64 | 17.21 |
| Shareholders' funds (net worth) | 243 | 155 | 46.24 | 37.63 | 35.04 | 23.58 | 22.15 |
| Secured loans | 192 | 123 | 71.66 | 57.01 | 14.74 | 12.10 | 5.08 |
| Unsecured loans | 132 | 50.13 | 24.50 | 8.93 | 4.68 | 0.00 | 0.00 |
| Total debt | 324 | 174 | 96.16 | 65.94 | 19.42 | 12.10 | 5.08 |
| Total liabilities | 568 | 330 | 145 | 107 | 59.47 | 42.09 | 32.24 |
| Assets | |||||||
| Gross block | 390 | 162 | 70.11 | 61.80 | 3.41 | 3.41 | 3.35 |
| Net block | 336 | 134 | 54.40 | 54.55 | 0.69 | 0.93 | 1.13 |
| Capital work in progress | 10.84 | 2.53 | 0.32 | 0.84 | 24.08 | 0.00 | 0.00 |
| Investments | 0.57 | 1.97 | 14.38 | 0.83 | 0.00 | 0.00 | 0.00 |
| Inventories | 279 | 174 | 66.39 | 30.38 | 14.24 | 7.99 | 5.12 |
| Sundry debtors | 331 | 110 | 46.69 | 30.25 | 20.75 | 55.60 | 55.67 |
| Cash & bank balances | 120 | 22.82 | 0.19 | 0.13 | 0.39 | 2.07 | 0.58 |
| Loans & advances | 54.54 | 37.26 | 25.33 | 21.96 | 10.72 | 7.67 | 8.46 |
| Total current assets | 784 | 344 | 139 | 82.72 | 46.10 | 73.33 | 69.83 |
| Total current liabilities | 569 | 154 | 66.07 | 33.23 | 13.26 | 33.65 | 38.65 |
| Net working capital | 215 | 190 | 72.53 | 49.49 | 32.84 | 39.68 | 31.18 |
| Total assets | 568 | 330 | 145 | 107 | 59.47 | 42.09 | 32.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 10.24 | 0.19 | 0.13 | 0.39 | 2.07 | 0.58 | 0.64 |
| Net cash from operating activities | 214 | (41.85) | 1.71 | (6.19) | 3.85 | 2.47 | 2.13 |
| Net cash from investing activities | (224) | (58.53) | (21.24) | (34.85) | (27.23) | (0.67) | (0.64) |
| Net cash from financing activities | 74.26 | 110 | 19.59 | 40.79 | 21.70 | (0.31) | (1.55) |
| Net change in cash | 64.31 | 10.05 | 0.06 | (0.25) | (1.68) | 1.49 | (0.05) |
| Closing cash | 120 | 22.82 | 0.19 | 0.13 | 0.39 | 2.07 | 0.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | - | 1.19 | 1.93 | 1.17 | 0.54 | 0.38 | 0.29 |
| Long-term debt / equity | - | 0.57 | 1.10 | 0.79 | 0.24 | 0.02 | 0.00 |
| Interest cover | 20.88 | 18.06 | 52.61 | 82.50 | 46.88 | 35.06 | 16.38 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 6.42 | 5.55 | 4.96 | 21.09 | 23.56 | 42.41 |
| Inventory turnover | - | 5.49 | 7.56 | 7.25 | 6.47 | 12.15 | 25.21 |
| Debtors turnover | - | 8.36 | 9.51 | 6.34 | 1.88 | 1.43 | 2.48 |
| EPS (₹) | 82.29 | 36.66 | 10.92 | 3.39 | 1.23 | 3.39 | 9.01 |
| Dividend per share (₹) | 0.00 | 0.55 | 0.55 | 0.00 | 0.15 | 0.30 | 0.50 |
| Book value per share (₹) | 0.00 | 146.45 | 57.80 | 47.03 | 43.80 | 47.73 | 44.84 |
To see the full year-wise statements and ratios of Solex Energy Limited, buy the company report.
Board of directors of Solex Energy Limited
Solex Energy has 12 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeshbhai Tulsibhai Patel | Director | 24 Oct 2017 | 9 Years 0 Months | Current |
| Chetankumar Sureshchandra Shah Also directs: Solex Foundation, Solex Bess Private Limited, Solex Green Energy Private Limited and 3 more | Managing Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Piyush Kailashchandra Chandak Also directs: Solex New Energy Private Limited, Viscora Yarns LLP | Whole-Time Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Anil Rathi Also directs: Solex Foundation, Omkarchand Rathi & Sons LLP, Sonali Dyeing and Printing Private Limited and 4 more | Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Kiran Ritesh Shah Also directs: Solex Bess Private Limited | Director | 03 Mar 2021 | 5 Years 7 Months | Current |
| Vipul Mulchand Shah Also directs: Solex Foundation, VSSK Logistics Services Private Limited, Solex Bess Private Limited and 3 more | Director | 15 Jul 2021 | 5 Years 3 Months | Current |
Auditor
Solex Energy Limited is audited by HRK & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HRK & CO | FY 2023 | 146985W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.20%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.50% and retail and other public shareholders hold 33.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.20% | 66.20% | 66.20% | 66.20% |
| Public | 33.80% | 33.80% | 33.80% | 33.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2026 | 101263467 | Others | ₹20 Lakh | Open | |
| 28 Jul 2025 | 101136404 | Others | ₹28.01 Lakh | Open | |
| 14 Jul 2025 | 101129421 | Others | ₹10.8 Lakh | Open | |
| 11 Jun 2025 | 101109739 | Others | ₹31 Lakh | Open | |
| 11 Jun 2025 | 101109742 | Others | ₹10.69 Lakh | Open |
To see the full charge records of Solex Energy Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Solex Energy Limited has 24 deals on record (16 market trades, 3 funding rounds, 2 rights issues), with disclosed funding of ₹84.3 Cr; the latest was in November 2025.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Market trade | ₹11 Cr | Buyer: Neighbourhood Investment Private Limited |
| Nov 2025 | Market trade | ₹11.54 Cr | Buyer: Neighbourhood Investment Private Limited Seller: Akshat Greentech Private Limited |
| Nov 2024 | Market trade | ₹14.28 Cr | Buyer: Gracious Advisors LLP Seller: an individual |
| Jul 2024 | Funding round | ₹72.93 Cr | Investors: Akshat Greentech Private Limited , Daulal Daga HUF, 2 individuals |
| Apr 2024 | Market trade | ₹3.87 Cr | Buyer: Bajoria Financial Services Private Limited |
To see the full deal history of Solex Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Solex Energy Limited has 14 court cases on record: 12 filed by Solex Energy, 2 filed against it. 5 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 5 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Anand, Gujarat | Commercial matter | Filed by the company against Mindra Green Energy LLP and 3 others | Pending |
| High Court, GUJARAT | Arbitration matter | Filed by the company against Madhya Gujarat Vij Company Limited (Mgvcl) | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Bright Solar Pvt Limited | Disposed |
| District court, Anand, Gujarat | Commercial matter | Filed by the company against Ksolare Energy Pvy Ltd and 2 others | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against an individual | Pending |
To see the full case history of Solex Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Solex Energy Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 59 overdue payments to 35 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 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vishakha Metals Private Limited | |||
| Bhoomi Enterprise | |||
| an individual supplier | |||
| Bartech Data Systems Limited | |||
| an individual supplier |
To see the full MSME payment records of Solex Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solex Energy Limited has a workforce of 38 employees on its EPFO records as of Oct 21, 2024, across 1 active EPFO establishment.
GST
Solex Energy has 12 GST registrations: 11 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAVCS0328R1ZN | Gujarat | Active | 01 Jul 2017 |
| 08AAVCS0328R1ZH | Rajasthan | Active | 01 Jul 2017 |
| 20AAVCS0328R1ZV | Jharkhand | Active | 01 Jul 2017 |
| 22AAVCS0328R1ZR | Chattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solex Energy Limited, buy the company report.
Recent activity
Solex Energy Limited has 22 board changes on record since 2014: 12 appointments and 10 cessations. The latest: Sanjay Bhagvandas Punjabi was appointed as Director on 07 Apr 2025.
44 earlier events are in the company report.
News
Frequently asked questions
Solex Energy is an active public limited company based in Surat, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 13 October 2014 (12+ years old) and is registered under CIN L40106GJ2014PLC081036. Listed on BSE: 544862 and NSE: SOLEX.
Solex Energy reported revenue of ₹1,618.06 Cr for FY 2025-26 (up 144.3% YoY) based on consolidated financials.
Solex Energy has 12 current directors:
- Chetankumar Sureshchandra Shah - Managing Director
- Piyush Kailashchandra Chandak - Whole-Time Director
- Kalpeshkumar Ramanbhai Patel - Whole-Time Director
- Rajeshbhai Tulsibhai Patel - Director
- Anil Rathi - Director
- Kiran Ritesh Shah - Director
- Vipul Mulchand Shah - Director
- Kamlesh Pravin Yagnik - Director
- Amitkumar Dalpatram Trivedi - Director
- Sanjay Bhagvandas Punjabi - Director
- Jayesh Jayantilal Gajjar - Director
- Sanjay Srivastava - Director
The latest financial statements of Solex Energy 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 GSTIN of Solex Energy is 24AAVCS0328R1ZN, registered in Gujarat. The company has 12 GST registrations in all, of which 11 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAVCS0328R1ZH (Rajasthan), 20AAVCS0328R1ZV (Jharkhand), 22AAVCS0328R1ZR (Chattisgarh).
The CIN (Corporate Identification Number) of Solex Energy is L40106GJ2014PLC081036. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Solex Energy is a listed company as per MCA records. Its shares are listed on both BSE (code: 544862) and NSE (symbol: SOLEX).
Solex Energy has 14 court cases on record: 12 filed by the company and 2 filed against it. 5 are pending. Most are in the district courts.
Solex Energy was incorporated on 13 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Solex Energy has 24 deals on record (16 market trades, 3 funding rounds, 2 rights issues), with disclosed funding of ₹84.3 Cr; the latest was in November 2025.
Sanjay Bhagvandas Punjabi was appointed as Director on 07 Apr 2025. Sanjay Srivastava was appointed as Director on 07 Apr 2025. Jayesh Jayantilal Gajjar was appointed as Director on 11 Jan 2025. Solex Energy has 22 board changes on record in total.