This small-cap solar stock engaged in manufacturing solar PV modules, solar cells, and providing EPC services, focusing on expanding its presence in the renewable energy sector, hit a 5 percent upper circuit after receiving an order worth Rs. 381 crore for the supply of solar modules.
Stock Price Movement
With a market capitalization of Rs. 1,958.48 crores, the shares of Alpex Solar Limited hit a 5 percent upper circuit of Rs. 800.25 per share on Wednesday, up from its previous closing price of Rs. 762.15 per share.
What Happened
Alpex Solar Limited has been awarded a significant order worth Rs. 380.52 crore for the supply of solar modules from a leading manufacturer. This is a domestic contract, and the project is expected to be completed by March 2026. The order highlights Alpex Solar’s strong position in the solar energy industry and its ability to secure large-scale projects in the growing renewable energy sector.
Also read: 20% Upper Circuit: Multibagger stock jumps after announcing Q4 result and ₹2,000 Cr Capex plan
Capacity Expansion
Alpex Solar Limited is growing in the solar energy industry with several big projects. The company plans to increase its solar module production to 2.4 GW in two phases. By FY25, it will add 1.2 GW at its Greater Noida plant and another 1.2 GW at a new facility in Kosi Kotwan.
Alpex is also starting solar cell manufacturing with a new 1.6 GW plant in Kosi Kotwan, a Rs. 642 crore project set to be completed by September 2026. Additionally, the company will increase aluminum frame production by 12,000 tons and expand its EPC services (150 MW) and power generation (100 MW) by FY27.
Business Overview
Alpex Solar Limited is a top manufacturer of solar panels in North India. The company has a skilled team of 375 professionals, including experts in the field, and has grown rapidly. It produces 900 MW of solar panels each year and has installed over 15,000 solar pumps. As of FY24, all of its revenue comes from sales within India.
Recent quarter results
Alpex Solar Limited’s revenue has risen significantly from Rs. 79 crore in Q3 FY24 to Rs. 188 crore in Q3 FY25, showing a growth of 137.97 percent YOY. The company’s net profit has also increased by 380 percent YOY, jumping from Rs. 5 crore in Q3 FY24 to Rs. 24 crore in Q3 FY25.
Written By – Nikhil Naik
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