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Solex Energy (SOLEX)₹671.75+0.04%Other Electrical Equipment
In the Jun 2026 quarter (consolidated), Solex Energy reported sales of ₹261 Cr, up 0.5% from Jun 2025, and net profit of ₹8.28 Cr, down 66.6% year on year. For the year to Mar 2026, sales were ₹1,620 Cr and net profit ₹98.32 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 135 | 255 | 260 | 155 | 319 | 887 | 261 |
| Expenses | 118 | 111 | 227 | 219 | 137 | 292 | 787 | 232 |
| Operating Profit | 14.32 | 23.63 | 28.04 | 41.27 | 18.59 | 25.86 | 98.34 | 28.97 |
| OPM % | 10.9% | 17.5% | 11.0% | 15.9% | 12.0% | 8.1% | 11.1% | 11.1% |
| Other Income | 0.97 | 1.10 | 0.48 | 1.45 | −0.39 | 1.54 | 0.43 | 4.82 |
| Interest | 2.54 | 2.90 | 5.02 | 5.43 | 5.92 | 9.38 | 10.23 | 12.53 |
| Depreciation | 1.99 | 2.52 | 3.40 | 4.28 | 4.45 | 6.10 | 10.37 | 10.20 |
| Profit before tax | 10.80 | 19.35 | 20.16 | 33.07 | 7.90 | 11.98 | 78.40 | 11.14 |
| Tax % | 15.8% | 27.4% | 24.8% | 25.2% | 26.6% | 26.0% | 24.7% | 25.8% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 9.11 | 14.08 | 15.18 | 24.78 | 5.81 | 8.90 | 59.08 | 8.28 |
| EPS (Rs) | 8.45 | 13.05 | 13.32 | 22.46 | 4.85 | 8.09 | 53.80 | 7.42 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 162 | 366 | 663 | 1,620 | 1,622 |
| Expenses | 150 | 337 | 590 | 1,434 | 1,448 |
| Operating Profit | 10.99 | 28.01 | 73.01 | 184 | 172 |
| OPM % | 7.0% | 8.0% | 11.0% | 11.0% | 10.6% |
| Other Income | 3.01 | 2.01 | 4.01 | 3.01 | 6.40 |
| Interest | 6.02 | 10.03 | 11.05 | 31.11 | 38.06 |
| Depreciation | 5.01 | 8.01 | 9.01 | 25.02 | 31.12 |
| Profit before tax | 4.01 | 12.03 | 57.14 | 131 | 109 |
| Tax % | 30.0% | 24.0% | 25.0% | 25.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 3.01 | 9.03 | 43.15 | 98.32 | 82.07 |
| EPS (Rs) | 2.72 | 8.76 | 39.07 | 89.20 | 74.16 |
| Dividend payout % | 0.0% | 5.0% | 1.0% | 0.0% | — |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 7.99 | 10.99 | 11.01 |
| Reserves | 37.94 | 150 | 242 |
| Borrowings | 96.04 | 148 | 339 |
| Other Liabilities | 69.97 | 172 | 590 |
| Total Liabilities | 212 | 480 | 1,181 |
| Fixed Assets | 53.80 | 110 | 337 |
| CWIP | 0.00 | 1.99 | 11.01 |
| Investments | 14.01 | 1.99 | 0.00 |
| Other Assets | 143 | 366 | 834 |
| Inventories | 65.85 | 179 | 289 |
| Trade receivables | 47.17 | 116 | 358 |
| Cash & equivalents | 0.00 | 12.01 | 123 |
| Total Assets | 212 | 480 | 1,181 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from operating activity | 1.99 | −46.94 | 201 |
| Cash from investing activity | −21.03 | −54.08 | −225 |
| Cash from financing activity | 19.96 | 113 | 88.82 |
| Net cash flow | 0.00 | 11.96 | 63.77 |
| Capex | 7.99 | 66.91 | 185 |
| Free cash flow | −5.99 | −114 | 6.99 |
| CFO / OP % | 13.1% | −46.9% | 117.1% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor days | 46 | 63 | 79 |
| Inventory days | — | — | 81 |
| Days payable | — | — | 128 |
| Cash conversion cycle | 47 | 64 | 33 |
| Working capital days | 24 | 58 | 8 |
| ROCE % | — | 30.0% | 36.0% |
For the Jun 2026 quarter, Solex Energy reported sales of ₹261 Cr, up 0.5% year on year and net profit of ₹8.28 Cr, down 66.6% year on year. The operating margin was 11.1%.
Solex Energy's sales for the year to Mar 2026 were ₹1,620 Cr; over the last twelve months they were ₹1,622 Cr.
Net profit for the year to Mar 2026 was ₹98.32 Cr, and ₹82.07 Cr over the last twelve months. Earnings per share over the same trailing period were ₹74.16.
Solex Energy reported borrowings of ₹339 Cr at Mar 2026, against cash and equivalents of ₹123 Cr.
Cash from operations was ₹201 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹6.99 Cr.