Synopsis:
Solex Energy Limited has received a work order worth Rs.544.62 crores from companies under the well-known Zelestra Group for supplying glass-to-glass solar PV modules.
The shares of a small-cap firm engaged in providing renewable energy solutions, specializing in the production of solar photovoltaic modules, solar home lights, solar street lights, and solar lanterns, drew investor attention after receiving the work order of Rs.544.62 crore.
With a market capitalization of Rs.1,595.37 crores, the shares of Solex Energy Limited were trading at Rs.1,480.40, down by 4.38 percent from its previous day closing price of Rs.1,548.15.
Work Order
Solex Energy Limited has secured a domestic order worth Rs.544.62 crore for the production and supply of high-efficiency N-Type TOPCon 615/620Wp Glass-to-Glass Solar PV Modules.
The contract comes from five entities under the globally recognized Zelestra Group, including Ganeko Six Energy Pvt. Limited, Navia One Power Pvt. Limited, Navia Two Power Pvt. Limited, Navia Three Power Pvt. Limited, and Ganeko Two Energy Pvt. Limited. The company is set to execute and complete the order between February 2026 and November 2026.
Also Read: Chemical stock in focus after reporting 102% YoY revenue growth
About the Company & Others
Solex Energy Limited is a prominent Indian company specializing in renewable energy solutions. The company manufactures a wide range of solar products, including photovoltaic modules, solar home lights, street lights, lanterns, and inverters.
It serves both domestic and international markets, offering turnkey solar solutions tailored for residential, commercial, and industrial applications. The company serves various clients such as Amul, TAJ Skyline, BANCO Aluminum, ONGC, Indian Oil, NDDB , Torrent Power, etc.
The company’s revenue went up from Rs.366 crore in FY24 to Rs.660 crore in FY25. Net profit went up from Rs.9 crore to Rs.40 crore for the same period. Its return on equity is 38.7 percent, and return on capital employed is 28.2 percent. It has a P/E ratio of 40.48, with the industry average of 52.75.
Written by Jhanavi Sivakumar
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