Is SOLEX.NS overvalued or undervalued?

SOLEX.NS currently has a P/E ratio of 8.84. Relative to the sector average of 15.20, this suggests the stock may be undervalued. A higher P/E than peers means investors are paying more for each unit of earnings, often because they expect faster future growth. However, if that growth does not materialize, the stock can appear overvalued. A lower P/E may indicate weaker growth expectations or higher risk, but it can also signal a potential valuation discount.

How can I buy Solex Energy Ltd. stock?

Solex Energy Ltd. trades on NSE. Investors in Latin America can buy it through international and regional brokerage and investment platforms. You simply need a valid government ID or passport to get started.

Can I buy fractional shares of SOLEX.NS?

Yes. Through fractional investing, you can invest exactly the amount you want, starting with as little as $1 or $5 USD (depending on what investment platform you use), and own a proportional piece of the company.

Does buying SOLEX.NS protect my money against local inflation?

Many investors in Latin America buy international stocks like SOLEX.NS to protect their purchasing power. Because SOLEX.NS is priced in foreign currency, your investment is tied to a hard currency. If your local currency devalues against the foreign currency, usually USD or Euro, the underlying value of your stock portfolio remains protected from local inflation.

Do I need a foreign bank account or a Visa to buy SOLEX.NS shares?

No. A common misconception is that you need a foreign bank account or a foreign visa to invest in international stocks. Today, modern investment platforms allow you to fund your account using local bank transfers or local payment methods right from your home country.

Is SOLEX.NS a suitable investment for my portfolio?

There is no universal answer, since fit depends on your situation, not just the stock. Think about three things: how well SOLEX.NS diversifies what you already own, whether you can stomach its price swings given your risk tolerance, and how long you plan to stay invested. As a rule, a single stock works best as one piece of a broader asset allocation and with a multi-year time horizon. This is general information, not personalized financial advice.

All stocksSOLEX.NS

Solex Energy Ltd.

₹643.65-₹9.50-1.45%

NSE / INR

Market cap

₹7.0B

P/E

8.8

EPS (TTM)

₹0.79

Dividend yield

0.08%

Beta

-0.24

1Y return

-60.50%

Deposit US$200 and get US$50 for freeT&C apply. Your capital is at risk.Invest with

Compare, tap a companyup to 2 at once

Deposit US$200 and get US$50 for freeT&C apply. Your capital is at risk.Invest with

Financials

The numbers behind the company

Revenue vs net income

RevenueNet income

$9M2021

$20M2022

$44M2023

$77M2024

$173M2025

Financial health

Gross margin

Operating margin

ROE

ROA

Debt to equity1.34Moderate
Current ratio1.23
Cash ratio0.11
Net margin4.9%
Free cash flow—

Valuation

Is it expensive right now

P/E vs the market

scale 0–50

0153050

SOLEX.NS8.8
Energy sector median15.2
S&P 50022.0

Trades about 42% below its sector, cheaper than its peers on earnings.

Ratios

PEG0.35
Price to book2.75
EPS (TTM)₹0.79
Payout ratio74%
FCF yield0.66%

Range & risk

₹638.20₹1985.00

Trading in the lower third of its 52-week band

Beta-0.24

Profile

What Solex Energy Ltd. actually does

Solex Energy Ltd. operates within India, specializing in the production and sale of solar photovoltaic (PV) panels. The company delivers comprehensive, end-to-end solar solutions, encompassing engineering, procurement, and construction (EPC) services for the renewable energy market. Their extensive portfolio features complete solar power plant installations, including large-scale utility ground-mounted facilities and solar water pumping systems. Solex also addresses various other needs, offering rooftop solar systems for both residential and industrial clients, independent off-grid power plants, grid-connected solar solutions, and integrated solar lighting systems for homes and streets. Furthermore, they provide bespoke solar solutions tailored to specific requirements. Solex Energy serves a remarkably diverse clientele, reaching across numerous sectors such as government entities, real estate development, agriculture, manufacturing, healthcare, hospitality, housing societies, banking and financial institutions, educational bodies, transportation and logistics, media and entertainment, and the telecommunications industry. Established in 1995, Solex Energy Ltd. is headquartered in Surat, India.

CEO

Chetan Sureshchandra Shah

Employees

1,406

Headquarters

Surat, GJ

Founded

2018-02-05

Company website

If you had invested a decade ago

Loading the full price history…

Run your own numbers

Past performance is not a forecast.

ETFs

Own it inside an ETF instead

Vanguard S&P 500

Vanguard Total Stock Market

Vanguard Total World Stock

Invesco QQQ

SPDR S&P 500

iShares Russell 2000

Community sentiment

Bullish—

Distribution

Bearish0%
Neutral0%
Bullish0%

Track it without buyingTrack it

no account needed

Save SOLEX.NS and get told when something moves.

Get updates

A clear, direct weekly summary.

Keep looking

Q&A

Questions people ask

SOLEX.NS has a beta of -0.24, which indicates how sensitive it has historically been to movements in its broader market. A beta below 1 indicates lower relative volatility than the market. Beta is based on historical data and does not predict future performance.

Solex Energy Ltd.