Solex Energy Limited manufactures and sells solar panels, lamps, and solar instruments in India. More Details
Flawless balance sheet with acceptable track record.
Share Price & News
How has Solex Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOLEX has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SOLEX exceeded the Indian Semiconductor industry which returned -35.7% over the past year.
Return vs Market: SOLEX exceeded the Indian Market which returned 2.4% over the past year.
Price Volatility Vs. Market
How volatile is Solex Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StSolex Energy Limited (NSE:SOLEX) Might Not Be As Mispriced As It Looks
1 month ago | Simply Wall StHere's What We Like About Solex Energy's (NSE:SOLEX) Upcoming Dividend
2 months ago | Simply Wall StInvestors Continue Waiting On Sidelines For Solex Energy Limited (NSE:SOLEX)
Is Solex Energy undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SOLEX (₹27.25) is trading above our estimate of fair value (₹4.55)
Significantly Below Fair Value: SOLEX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOLEX is good value based on its PE Ratio (3x) compared to the IN Semiconductor industry average (132.8x).
PE vs Market: SOLEX is good value based on its PE Ratio (3x) compared to the Indian market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SOLEX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOLEX's PB Ratio (0.6x) is in line with the IN Semiconductor industry average.
How is Solex Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Semiconductors industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Solex Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Solex Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Solex Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Semiconductors industry.
How has Solex Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOLEX has high quality earnings.
Growing Profit Margin: SOLEX's current net profit margins (3.2%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: SOLEX's earnings have grown significantly by 35.7% per year over the past 5 years.
Accelerating Growth: SOLEX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SOLEX had negative earnings growth (-10.6%) over the past year, making it difficult to compare to the Semiconductor industry average (9.8%).
Return on Equity
High ROE: SOLEX's Return on Equity (20.1%) is considered high.
How is Solex Energy's financial position?
Financial Position Analysis
Short Term Liabilities: SOLEX's short term assets (₹698.3M) exceed its short term liabilities (₹437.4M).
Long Term Liabilities: SOLEX's short term assets (₹698.3M) exceed its long term liabilities (₹50.7M).
Debt to Equity History and Analysis
Debt Level: SOLEX's debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: SOLEX's debt to equity ratio has reduced from 414.2% to 23% over the past 5 years.
Debt Coverage: SOLEX's debt is well covered by operating cash flow (41.9%).
Interest Coverage: SOLEX's interest payments on its debt are well covered by EBIT (12.3x coverage).
What is Solex Energy current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOLEX's dividend (1.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).
High Dividend: SOLEX's dividend (1.83%) is low compared to the top 25% of dividend payers in the Indian market (2.28%).
Stability and Growth of Payments
Stable Dividend: SOLEX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SOLEX has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (5.5%), SOLEX's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kalpeshkumar Patel (33 yo)
Mr. Kalpeshkumar Ramanbhai Patel has been Managing Director of Solex Energy Limited since October 24, 2017 and also serves as its Chairman. He holds B.com, L.L.B.
CEO Compensation Analysis
Compensation vs Market: Kalpeshkumar's total compensation ($USD9.81K) is below average for companies of similar size in the Indian market ($USD55.78K).
Compensation vs Earnings: Kalpeshkumar's compensation has been consistent with company performance over the past year.
|Chairman & MD||3yrs||₹722.40k||70.43% |
|Non-Executive Independent Director||3yrs||no data||no data|
|Non Executive Independent Director||3yrs||no data||no data|
|Non-Executive Director||2.25yrs||no data||no data|
|Non-Executive Director||2.25yrs||no data||no data|
Experienced Board: SOLEX's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Solex Energy Limited's company bio, employee growth, exchange listings and data sources
- Name: Solex Energy Limited
- Ticker: SOLEX
- Exchange: NSEI
- Founded: 1998
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: ₹139.802m
- Shares outstanding: 4.94m
- Website: https://www.solex.in
Number of Employees
- Solex Energy Limited
- Plot No. 131/A
- Phase 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SOLEX||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Feb 2018|
Solex Energy Limited manufactures and sells solar panels, lamps, and solar instruments in India. It offers solar products, including solar street lighting systems; solar water heaters; submersible and surf ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/23 13:02|
|End of Day Share Price||2020/10/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.