Why Did Solex Energy Shares Skyrocket 13% Today? Check the Reason

Synopsis: Solar stock jumped 13% in the day’s trade following a strong growth outlook, revenue target, solid order book, and capacity expansion, despite minor margin pressure from higher China shipping costs.

The shares of the Small-Cap company, specializing in manufacturing solar photovoltaic cells and modules, and offering EPC in the solar energy market, are in focus as they have rallied 13 percent in the day’s trade following their management’s positive outlook in the meeting.

With a market capitalization of Rs. 1,285.50 Crores on the Day’s Trade, the shares of Solex Energy Limited rose by 13.07 percent, reaching a high of Rs. 1,249.60 compared to its previous close of Rs. 1,105.15.

What Happened

Solex Energy Limited is engaged in manufacturing solar photovoltaic cells and modules, and offering EPC in the solar energy market, which are in the spotlight as they have rallied 13 percent in the day’s trade following their management meeting with NDTV Profit.

Reason for the Rally

Solex Energy Management expects a robust order pipeline in FY27 and FY28, signalling sustained demand for its solar solutions. The company has already met its Q4 revenue target and projects revenues to reach around Rs. 2,500 crore going forward. Despite global geopolitical uncertainties, FY26 performance is expected to remain largely unaffected, reflecting resilience in operations and demand visibility.

The company added 3.3 GW of capacity in the last financial year and is targeting 85 percent capacity utilisation levels. It currently holds an order book worth Rs. 4,000 crore and plans to expand further by adding 6 GW capacity in the near term. However, rising shipping costs from China remain a concern that could impact margins slightly.

The company’s revenue rose by 136.7 percent from Rs. 134.29 crores in December 2024 to Rs. 317.99 crores in December 2025. Meanwhile, Net profit declined from Rs. 14.02 crores to Rs. 8.87 crores in the same period.

Solex Energy demonstrates strong financial performance, with a ROCE of 28.2% and ROE of 38.7%. Its stock trades at a P/E of 27.5, significantly lower than the industry average of 31.7, indicating an attractive valuation relative to its peers.

Solex Energy Limited has been a pioneer in India’s solar journey since 1995, earning a reputation as one of the country’s most trusted solar module manufacturers. The company operates a state-of-the-art, Industry 4.0-enabled manufacturing facility in Tadkeshwar, Gujarat. 

With over 30 years of business expertise, Solex Energy Limited boasts a 4 GW module production capacity and has executed more than 10,000 projects, shipping over 3 million modules. 

The company holds 15+ domestic and international certifications, maintains an export presence across Europe, North America, and Africa, and has an order book exceeding Rs.  40,000 million as of 31 December 2025, reflecting its robust global footprint and industry leadership.

Solex Energy Limited offers a diversified solar portfolio, including high-efficiency PV modules (up to 700 WP), rooftop and off-grid power plants, submersible solar water pumps, AC/DC and surface-mounted systems, grid-connected solutions, home and street lighting (CFL and LED-based), and customised solar solutions tailored to varied commercial, industrial, and residential needs.

Solex’s marquee clients span a wide range of industries, reflecting its strong and diversified market presence. These include leading organizations from sectors such as dairy and food (like Amul), energy and renewables (including ONGC, GEDA, and Sardar Sarovar Narmada Nigam), power utilities (UGVCL, PGVCL), research and development institutions, infrastructure bodies, and industrial enterprises.

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