SOLEX

Solex Energy Share PriceSolex Energy

₹418.5
-18.9 (-4.32%)
As on 11 June, 2023 | 07:22 BSE: NSE: SOLEX

Solex Energy Performance

Day Range

  • Low
  • High
418.5

52 Week Range

  • Low
  • High
418.5
  • Open Price
  • Previous Close
  • Volume

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Solex Energy Share Price

  • Over 1 Month 4.27%
  • Over 3 Month 45.82%
  • Over 6 Month 19.57%
  • Over 1 Year 171.75%

Solex Energy Key Statistics

P/E Ratio
PEG Ratio
Market Cap Cr 335
Price to Book Ratio 8.9
EPS 3.4
Dividend 0
Relative Strength Index 49.93
Money Flow Index 28.74
MACD Signal 8.7
Average True Range 19.64

Solex Energy Investment Rating

  • Master Rating:
  • Solex Energy has an operating revenue of Rs. 451.70 Cr. on a trailing 12-month basis. An annual revenue growth of 126% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 7% is fair but needs improvement. The company has a high debt to equity of 119%, which can be a reason to worry. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 26% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around -5% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 15 which is a POOR score indicating inconsistency in earnings, a RS Rating of 91 which is GREAT indicating the outperformance as compared to other stocks, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 36 indicates it belongs to a strong industry group of Energy-Solar and a Master Score of C is fair but needs to improve. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Solex Energy Financials
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 16473
Operating Expenses Annual Cr 15070
Operating Profit Annual in Cr 112
Depreciation Cr 50
Interest Annual Cr 61
Tax Annual Cr 10
Net Profit Annual Cr 31

Solex Energy Technicals

EMA & SMA

Current Price
₹418.5
-18.9 (-4.32%)
  • Bullish Moving Average
  • ___
  • 8
  • Bearish Moving Average
  • ___
  • 8
  • 20 Day
  • ₹423.05
  • 50 Day
  • ₹402.56
  • 100 Day
  • ₹372.69
  • 200 Day
  • ₹321.65
  • 20 Day
  • ₹427.81
  • 50 Day
  • ₹410.56
  • 100 Day
  • ₹362.45
  • 200 Day
  • ₹330.77

Solex Energy Resistance and Support

PIVOT
₹425.89
Resistance
First Resistance ₹435.77
Second Resistance ₹452.89
Third Resistance ₹462.77
RSI 49.93
MFI 28.74
MACD Single Line 8.7
MACD 6.71
Support
First Resistance ₹408.77
Second Resistance ₹398.89
Third Resistance ₹381.77

Solex Energy Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 22,800 1,759,932 77.19
Week 8,720 664,028 76.15
1 Month 9,962 786,692 78.97
6 Month 6,185 497,242 80.39

Solex Energy Result Highlights

Solex Energy Synopsis

NSE-Energy-Solar

Solex Energy belongs to the Industry of Electric Equipment - General. Company’s Total Operating Revenue is Rs. 161.71 Cr. and Equity Capital is Rs. 8.00 Cr. for the Year ended 31/03/2023. Solex Energy Ltd. is a Public Limited Listed company incorporated on 13/10/2014 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L40106GJ2014PLC081036 and registration number is 081036.
Market Cap 335
Sales 162
Shares in Float 0.23
No of funds
Yield 0.03
Book Value 8.9
U/D Vol ratio 2.2
LTDebt / Equity 119
Alpha 0.54
Beta 0.79

Solex Energy

Owner NameMar-23Sep-22
Promoters 70.65%70.65%
Individual Investors 27.18%
Others 2.17%29.35%

Solex Energy Management

Name Designation
Mr. Chetan Sureshchandra Shah Executive Director
Mr. Kalpeshkumar Ramanbhai Patel Executive Director
Mr. Piyush Kailashchandra Chandak Executive Director
Mr. Anil Rathi Non Executive Director
Mr. Vipul Mulchand Shah Non Executive Director
Mr. Kamlesh Pravin Yagnik Ind. Non-Executive Director
Mr. Rajeshbhai Tulsibhai Patel Ind. Non-Executive Director
Mrs. Kiran Ritesh Shah Woman Executive Director & CFO

Solex Energy Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Solex Energy Corporate Action

Date Purpose Remarks
2023-05-22 Audited Results & Dividend
2022-11-14 Quarterly Results
2021-11-13 Quarterly Results
2021-07-15 Others To consider other business matters of Rs. 1(10%) per share on fully paid up equity share of Rs. 10 each
2021-06-30 Audited Results (Revised) of Rs. 1(10%) per share on fully paid up equity share of Rs. 10 each

Solex Energy FAQs

What is Share Price of Solex Energy ?

Solex Energy share price is ₹418 As on 11 June, 2023 | 07:08

What is the Market Cap of Solex Energy ?

The Market Cap of Solex Energy is ₹334.8 Cr As on 11 June, 2023 | 07:08

What is the P/E ratio of Solex Energy ?

The P/E ratio of Solex Energy is As on 11 June, 2023 | 07:08

What is the PB ratio of Solex Energy ?

The PB ratio of Solex Energy is 8.9 As on 11 June, 2023 | 07:08

Q2FY23

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