Solex Energy Limited

NSEI:SOLEX Stock Report

Market Cap: ₹15.3b

Solex Energy Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Chetan Shah

Chief executive officer

₹7.2m

Total compensation

CEO salary percentagen/a
CEO tenure3.3yrs
CEO ownership1.9%
Management average tenure2.1yrs
Board average tenure3.3yrs

Recent management updates

Here's Why Shareholders May Want To Be Cautious With Increasing Solex Energy Limited's (NSE:SOLEX) CEO Pay Packet

Sep 23
Here's Why Shareholders May Want To Be Cautious With Increasing Solex Energy Limited's (NSE:SOLEX) CEO Pay Packet

Recent updates

Additional Considerations Required While Assessing Solex Energy's (NSE:SOLEX) Strong Earnings

Nov 18
Additional Considerations Required While Assessing Solex Energy's (NSE:SOLEX) Strong Earnings

We Ran A Stock Scan For Earnings Growth And Solex Energy (NSE:SOLEX) Passed With Ease

Nov 05
We Ran A Stock Scan For Earnings Growth And Solex Energy (NSE:SOLEX) Passed With Ease

Further Upside For Solex Energy Limited (NSE:SOLEX) Shares Could Introduce Price Risks After 30% Bounce

Oct 10
Further Upside For Solex Energy Limited (NSE:SOLEX) Shares Could Introduce Price Risks After 30% Bounce

Market Might Still Lack Some Conviction On Solex Energy Limited (NSE:SOLEX) Even After 29% Share Price Boost

Aug 09
Market Might Still Lack Some Conviction On Solex Energy Limited (NSE:SOLEX) Even After 29% Share Price Boost

We Think Solex Energy (NSE:SOLEX) Is Taking Some Risk With Its Debt

Jul 17
We Think Solex Energy (NSE:SOLEX) Is Taking Some Risk With Its Debt

Market Might Still Lack Some Conviction On Solex Energy Limited (NSE:SOLEX) Even After 50% Share Price Boost

Jun 12
Market Might Still Lack Some Conviction On Solex Energy Limited (NSE:SOLEX) Even After 50% Share Price Boost

The Market Lifts Solex Energy Limited (NSE:SOLEX) Shares 26% But It Can Do More

Apr 18
The Market Lifts Solex Energy Limited (NSE:SOLEX) Shares 26% But It Can Do More

Solex Energy Limited's (NSE:SOLEX) Shares Leap 29% Yet They're Still Not Telling The Full Story

Feb 20
Solex Energy Limited's (NSE:SOLEX) Shares Leap 29% Yet They're Still Not Telling The Full Story

Here's Why Solex Energy (NSE:SOLEX) Has A Meaningful Debt Burden

Feb 02
Here's Why Solex Energy (NSE:SOLEX) Has A Meaningful Debt Burden

Solex Energy Limited (NSE:SOLEX) Soars 27% But It's A Story Of Risk Vs Reward

Jan 05
Solex Energy Limited (NSE:SOLEX) Soars 27% But It's A Story Of Risk Vs Reward

Solex Energy (NSE:SOLEX) May Have Issues Allocating Its Capital

Jan 04
Solex Energy (NSE:SOLEX) May Have Issues Allocating Its Capital

Here's Why Shareholders May Want To Be Cautious With Increasing Solex Energy Limited's (NSE:SOLEX) CEO Pay Packet

Sep 23
Here's Why Shareholders May Want To Be Cautious With Increasing Solex Energy Limited's (NSE:SOLEX) CEO Pay Packet

There Are Reasons To Feel Uneasy About Solex Energy's (NSE:SOLEX) Returns On Capital

Sep 13
There Are Reasons To Feel Uneasy About Solex Energy's (NSE:SOLEX) Returns On Capital

Is Solex Energy (NSE:SOLEX) A Risky Investment?

Jun 24
Is Solex Energy (NSE:SOLEX) A Risky Investment?

These 4 Measures Indicate That Solex Energy (NSE:SOLEX) Is Using Debt Extensively

Aug 17
These 4 Measures Indicate That Solex Energy (NSE:SOLEX) Is Using Debt Extensively

Does Solex Energy (NSE:SOLEX) Have A Healthy Balance Sheet?

Jul 07
Does Solex Energy (NSE:SOLEX) Have A Healthy Balance Sheet?

Is Solex Energy Limited (NSE:SOLEX) The Right Choice For A Smart Dividend Investor?

Feb 22
Is Solex Energy Limited (NSE:SOLEX) The Right Choice For A Smart Dividend Investor?

CEO Compensation Analysis

How has Chetan Shah's remuneration changed compared to Solex Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹210m

Jun 30 2024n/an/a

₹149m

Mar 31 2024₹7mn/a

₹87m

Dec 31 2023n/an/a

₹63m

Sep 30 2023n/an/a

₹39m

Jun 30 2023n/an/a

₹33m

Mar 31 2023₹7mn/a

₹27m

Dec 31 2022n/an/a

₹13m

Sep 30 2022n/an/a

-₹611k

Jun 30 2022n/an/a

₹5m

Mar 31 2022₹5m₹5m

₹10m

Compensation vs Market: Chetan's total compensation ($USD85.21K) is below average for companies of similar size in the Indian market ($USD190.98K).

Compensation vs Earnings: Chetan's compensation has been consistent with company performance over the past year.

CEO

Chetan Shah (56 yo)

3.3yrs

Tenure

₹7,200,000

Compensation

Mr. Chetan Sureshchandra Shah serves as Chairman and Managing Director at Solex Energy Limited since August 6, 2021. He served as Executive Director at Solex Energy Limited since January 18, 2020 until Jul...

Leadership Team

NamePositionTenureCompensationOwnership
Chetan Shah
Chairman & MDno data₹7.20m1.92%
₹ 293.1m
Kiran Shah
Chief Financial Officer3.4yrs₹907.00k0.13%
₹ 19.1m
Kalpeshkumar Patel
Whole Time Directorno data₹3.60m9.34%
₹ 1.4b
Piyush Chandak
Whole-time Director3.4yrs₹900.00k1.68%
₹ 256.6m
Brijesh Khanna
Head of Operationsno datano datano data
Azmin Chiniwala
Compliance Officer & Company Secretaryless than a yearno datano data
Rajat Gupta
Head of Marketingless than a yearno datano data

2.1yrs

Average Tenure

54yo

Average Age

Experienced Management: SOLEX's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Chetan Shah
Chairman & MD3.3yrs₹7.20m1.92%
₹ 293.1m
Kalpeshkumar Patel
Whole Time Director10.1yrs₹3.60m9.34%
₹ 1.4b
Piyush Chandak
Whole-time Director3.4yrs₹900.00k1.68%
₹ 256.6m
Vipul Shah
Non-Executive Director3.3yrsno datano data
Amit Kumar Trivedi
Independent Non-Executive Director1.9yrsno datano data

3.3yrs

Average Tenure

54yo

Average Age

Experienced Board: SOLEX's board of directors are considered experienced (3.3 years average tenure).