Alpex Solar Ltd.

NSE: ALPEXSOLAR

Alpex Solar Live Share Price Today, Share Analysis and Chart

Name: Alpex Solar Ltd.: Is Infosys Ltd. worth buying?
Item: Alpex Solar Ltd.
Rating: 1.86375
Author: Trendlyne DVM scores

Value Trap

aboutAlpex Solar Ltd. (ALPEXSOLAR) is a prominent Indian manufacturer specializing in solar photovoltaic (PV) modules using monocrystalline and polycrystalline technologies. The company operates within the renewable energy sector, providing both solar ene... Read More

-13.60(-2.02%)

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20,000

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NSE 30 Oct, 2026 3:31 PM (IST)

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Valuation Score

- / 100

Momentum Score

28.6 / 100

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Alpex Solar Stock Price Analysis

Day Price Range -2.0% 1 Day return	660.4 (LTP) 658682 LowHigh
Week Price Range -2.1% 1 Week return	660.4 (LTP) 650724.9 LowHigh
Month Price Range -22.0% 1 Month return	660.4 (LTP) 650852 LowHigh
52 Week Price Range -45.0% 1 Year return	660.4 (LTP) 6501,319 LowHigh

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Annual

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Alpex Solar annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

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POSITIVE
Annual Revenue Alpex Solar Mar-2026 Annual Revenue is Rs 2,226 Cr which is growth of 184.6% YoY.
POSITIVE
Annual Net Profit Alpex Solar Mar-2026 Annual Net Profit is Rs 207 Cr which is growth of 149.5% YoY.

Alpex Solar Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	TTM	Mar '26	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21
SR_A Total Rev. Ann. ⌄	129.6%	74%	2,348.2	2,225.7	782.1	405.3	183.9	156.1	139.5
TotalOperatingRevenues_A Operating Rev. Ann.	129.8%	74.2%	2,339.3	2,218.2	779.2	404.4	182.7	152.7	138.3
OI_A Other Income Ann.	85%	44.7%	9	7.6	2.9	0.9	1.2	3.4	1.2
OEXPNS_A Operating Exp. Ann.	122.7%	71%	2,007.2	1,896.6	654.9	367.8	171.7	149.5	129.9
OEXPNS_A Operating Exp. Ann.	122.7%	71%	2,007.2	1,896.6	654.9	367.8	171.7	149.5	129.9
OP_A Operating Profit Ann.	208.1%	107.3%	332.1	321.6	124.4	36.7	11	3.2	8.4
OPMPCT_A OPM Ann. %	34.1%	19.1%		14.45%	15.90%	9.05%	5.99%	2.05%	6.04%
TotalExpenses_A Total Exp. Ann. ⌄	121.4%	70%		1,940.5	670.7	376.3	178.7	156	136.5
OtherExpenses_A Other Exp. Ann.	147.3%	62.9%	87	80.2	35.1	12.5	5.3	6	7
EmployeeBenefitExpenses_A Employee Exp. Ann.	71.6%	36.1%	35.5	30.3	17	11.7	6	6.6	6.5
CostOfPowerPurchased_A Cost Of Power Purchased Ann.	-	-
CostOfFuel_A Cost Of Fuel Ann.	-	-
EBIDT_A EBITDA Ann.	199.1%	102.8%		329.2	127.3	37.6	12.3	6.6	9.6
EBIDTPCT_A EBITDA Ann. margin %	30.4%	16.6%		14.79%	16.27%	9.27%	6.67%	4.20%	6.86%
INT_A Interest Ann.	65%	40.4%	34.5	22.9	7.3	6	5.1	3.9	4.2
DEP_A Depr.	119.3%	55.8%	26.9	21.1	8.5	2.6	2	2.6	2.3
PBT_A PBT Ann.	279.5%	148.5%	278.7	284.3	111.4	36.4	5.2	0.1	3
TAX_A Tax Ann.	272.5%	229.3%	75.8	77.5	28.6	7.4	1.5	0	0.2
PAT_A PAT Before ExtraOrdinary Items Ann. ⌄	279%	136.4%		206.8	82.9	29.1	3.8	0.1	2.8
IncomeMinorityInterest_A Minority Interest Income Ann.	-	-		-	-	-	-	-	-
NP_A Net Profit Ann.	279%	136.4%	203	206.8	82.9	29.1	3.8	0.1	2.8
NETPCT_A NPM Ann. %	65.7%	35.8%		9.32%	10.63%	7.18%	2.05%	0.04%	2.02%
EPS_adj_A EPS Adj. latest Ann.	283.3%	138.3%		84.5	33.9	11.9	1.5	0	1.1

*All financials are in INR Cr and price data in INR

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Total Rev. Ann.

1Y CHG

184.6%

2Y CAGR

134.3%

3Y CAGR

129.6%

5Y CAGR

74%

Total Revenue Annual growth is higher than historical averages.

Net Profit Ann.

1Y CHG

149.5%

2Y CAGR

166.6%

3Y CAGR

279%

5Y CAGR

136.4%

Net Profit Annual growth is stable compared to historical averages.

Operating Exp. Ann.

1Y CHG

189.6%

2Y CAGR

127.1%

3Y CAGR

122.7%

5Y CAGR

71%

Operating Expenses Annual Cr growth is higher than historical averages.

Alpex Solar Technical Analysis

Alpex Solar EMA & SMA

Bearish-8

0 bullish, 8 bearish

Bullish0

Bearish8

5 Day	680.0
10 Day	704.8
12 Day	714.1
20 Day	744.6

26 Day	761.2
50 Day	799.5
100 Day	836.4
200 Day	873.3

Alpex Solar Delivery And Volume

Daily Avg. Delivery Volume %

30 Oct, 202679.5%

Week73.3%

Month77.9%

Legend

Positive IndicatorNeutral IndicatorNegative Indicator

Alpex Solar Resistance and Support

666.78

Pivot

First Resistance	675.6
Second Resistance	690.7
Third Resistance	699.5

First Support	651.6
Second Support	642.8
Third Support	627.7

Day RSI	22.8
Day MACD	-47.1
Day MFI	29.9
Day MACD Signal Line	-38.4

Alpex Solar Beta

1 Month	0.5
1 Year	1.0

3 Month	-0.1
3 Year	-

Alpex Solar Price Change Analysis

↓-22.0%

Over 1 Month

LowHigh

650852

↓-20.3%

Over 3 Months

LowHigh

650950.1

↓-39.5%

Over 6 Months

LowHigh

6501114.9

↓-45.0%

Over 1 Year

LowHigh

6501319

Alpex Solar Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026

Name	Category	Shares	Shares %
Ashwani Sehgal	Promoter	5,591,652	21.9 %
Astorne Capital Vcc - Arven	Fii	300,000	1.2 %
Bhagwati Charan R Sikka	Public	588,400	2.3 %

HISTORICAL PROMOTER HOLDING

Promoters holding remains unchanged at 65.90% in Sep 2026 qtr

Promoters pledge remained unchanged at 6.47% of holdings in Sep 2026 qtr.

HISTORICAL FII HOLDING

FII/FPI have increased holdings from 3.12% to 3.28% in Sep 2026 qtr.

HISTORICAL MF HOLDING

All Shareholding details

Alpex Solar Deals - Insider, Bulk, Block and SAST

Client Name	Deal Type	Action	Date	Avg. Price	Quantity	Exchange
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	Sell	25 Apr 2024	514.32	163,200	NSE
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	Purchase	25 Apr 2024	485.25	163,200	NSE
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	Sell	20 Feb 2024	392.61	182,400	NSE
BOFA SECURITIES EUROPE SA	Bulk	Purchase	15 Feb 2024	337.47	220,800	NSE

All deals

All insider trades

Alpex Solar Corporate Actions

Alpex Solar Board Meetings

Alpex Solar past and upcoming board meetings.

#Ex-Date	Purpose	Notes
114 Aug 2026	Quarterly Results	To approve financial results for the period ended Jun 30, 2026.
221 May 2026	Audited Results	-
309 Feb 2026	Quarterly Results & Others	To consider other business matters.
403 Nov 2025	Quarterly Results	-
511 Aug 2025	Quarterly Results	-

All Corporate Actions

Alpex Solar Research Reports

Alpex Solar research reports with share price targets, and buy/hold/sell recommendations from top brokers.

# Date	Broker Name	Target	Price When Recommended	Type	Upside	Change Since Recommendation	Links
110 Jun 2024	Edelweiss	-	696.85	Not Rated	-	-5.23%	pdf

All Reports of Alpex

Alpex Solar DocumentsAsk MarketMind AI

Alpex Solar Credit Ratings

Alpex Solar credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

Date	Rating Agency	Company Name	Description	Links
18 Oct 2026	crisil ratings	Alpex Solar Limited	Alpex Solar Limited:Ratings upgraded to 'Crisil A- / Stable / Crisil A2+ '; Rated amount enhanced for Bank Debt	Link
26 Feb 2026	crisil ratings	Alpex Solar Limited	Alpex Solar Limited:Update on Alpex Solar Limited	Link
26 Nov 2025	crisil ratings	Alpex Solar Limited	Alpex Solar Limited:Update on Alpex Solar Limited	Link
19 Nov 2025	crisil ratings	Alpex Solar Limited	Alpex Solar Limited:Ratings upgraded to 'Crisil BBB+/Stable/Crisil A2'; Rated amount enhanced for Bank Debt	Link
27 Jul 2025	crisil ratings	Alpex Solar Limited	Alpex Solar Limited:Ratings upgraded to 'Crisil BBB/Positive/Crisil A3+'	Link

Alpex Solar - Company Profile

Alpex Solar Management Structure

Alpex Solar management structure with salaries, total experience, and qualifications.

NAME	DESIGNATION	GROSS REMUNERATION ₹(LAC)	AS OF
ASHWANI SEHGAL	Chairman.,Executive Director,Managing Director,President	209.21	Mar 26
Mr. Aditya Sehgal	Chief Executive Officer	-	Mar 26
Mrs. Udaya Sehgal	Chief Financial Officer	-	Mar 26
Sakshi Tomar	Company Secretary,Compliance Officer	-	Mar 26
Mr. Lakhan Singh	Senior Vice President(Production)	-	Mar 26
Mr. Ramjee Gupta	Vice President(Sales & Marketing)	-	Mar 26
Mr. L K Dhamija	Vice President(Account & Finance)	-	Mar 26
Mr. Gaurav Bector	Global Head(EPC.)	-	Mar 26
Mr. Dhanesh Mehta	Assistant Vice President(Civil)	-	Mar 26

Alpex Solar Board of Directors

Alpex Solar Board of directors with salaries, total experience, and qualifications.

NAME	POSITION	GROSS REMUNERATION ₹(LAC)	AS OF
ASHWANI SEHGAL	Chairman / Executive Director / M D / Promoter	86.44	Mar 25
MONICA SEHGAL	E D & Wholetime Director	83.55	Mar 25
Vipin Sehgal	Executive Director	59.5	Mar 25
Deepak Verma	Independent Non Exe. Director	7.35	Mar 25
Indrajeet S Khanna	Independent Non Exe. Director	6.65	Mar 25
Mukesh Malhotra	Independent Non Exe. Director	-	Mar 25
Sakshi Tomar	Company Sec. & Compli. Officer	-	Mar 25

About

Website: www.alpexsolar.com

About the company - Business Profile

Alpex Solar Ltd. (ALPEXSOLAR) is a prominent Indian manufacturer specializing in solar photovoltaic (PV) modules using monocrystalline and polycrystalline technologies. The company operates within the renewable energy sector, providing both solar energy products and solar water pumping solutions.

Key Points

Key Facts:
- Founded Year: 1993
- Headquarters: Greater Noida, Uttar Pradesh
- Stock Listing: NSE Emerge (SME platform)
- Core Products: High-power monocrystalline and polycrystalline solar PV modules (ranging up to 600Wp+), solar water pumps, and EPC (Engineering, Procurement, and Construction) services for solar plants.
Operations and Resources:
- Manufacturing Facility: The company operates a manufacturing unit in Greater Noida, which has seen capacity expansions to meet rising demand. As of early 2024, the capacity was approximately 450 MW, with plans to scale significantly to 1.2 GW.
- Notable Assets: The facility includes automated production lines for cell stringing and module assembly.
Market and Significance: Alpex Solar plays a strategic role in India's "Make in India" initiative for the renewable sector, catering to both the private commercial & industrial (C&I) market and government-backed schemes like PM-KUSUM (for solar pumps) and PM-Surya Ghar (rooftop solar).
Sustainability and Innovation: The company focuses on high-efficiency Mono PERC (Passivated Emitter and Rear Cell) and Bifacial module technologies which generate power from both sides of the panel.

Business Model and Strengths Alpex Solar follows a vertically integrated model in the downstream solar segment. It is particularly strong in the solar water pumping niche, where it provides turnkey solutions including the supply of modules, pumps, and controllers. Its ability to manufacture high-efficiency modules in-house provides a cost and quality advantage in EPC projects.

Revenue Breakdown (FY 2023-24) Based on the latest available annual figures for the fiscal year ending March 31, 2024:

Total Revenue from Operations: ₹404.43 crore (representing a significant growth of over 120% compared to ₹182.69 crore in FY 2022-23).
Segmental Performance:
- Solar PV Modules: Forms the largest share of revenue, driven by both external sales and internal consumption for EPC projects.
- Solar Water Pumping Systems: A high-growth segment supported by government subsidies and agricultural demand.
Geographical Presence: Primarily domestic (India), with a strong focus on North and Central Indian states.

Key Products and Technology

Solar Modules: Focus on Mono PERC technology, which offers higher efficiency compared to traditional polycrystalline cells.
Bifacial Modules: Glass-to-glass or glass-to-backsheet modules that capture reflected light, increasing energy yield by up to 10-20%.
Solar Pumps: AC and DC submersible and surface pumps integrated with proprietary solar controllers.

Partnerships and Strategic Initiatives

Capacity Expansion: The company recently completed an Initial Public Offering (IPO) on the NSE SME platform to fund the expansion of its solar module manufacturing capacity to 1.2 GW.
New Business Lines: Alpex is exploring backward integration into solar cell manufacturing to reduce dependency on imported cells.
Aluminum Frames: The company is setting up an in-house aluminum frame manufacturing unit to further de-risk its supply chain and improve margins.

Employee and Corporate Structure

Subsidiaries: Operates primarily through its core corporate structure with focused business units for manufacturing and EPC.
Hiring Trends: Following the IPO and capacity expansion, the company has increased its workforce in production, R&D, and quality control departments.

References

Annual Report Mar 2024 (Used for comparative industry growth and financial context)
Investor Presentation Nov 2025 (Context on solar pumping market and peer performance)
Investor Presentation Feb 2026 (Market trends in solar installation and technology adoption)

Alpex Solar FAQ

Alpex Solar today is trading in the red, down by 2.02% at ₹660.4.

Alpex Solar is currently trading down 2.02% on an intraday basis. In the past week the stock fell 2.1%. Stock has been down 20.34% in the past quarter and fell 44.97% in the past year. You can view this in the share price history/seasonality section.

Alpex Solar is listed on NSE with the ticker ALPEXSOLAR. It's currently trading on NSE at a share price of ₹660.4.

The market cap of Alpex Solar is ₹1,616.22 Cr. as of Oct 30, 2026.

Alpex Solar has never announced any dividend since the time of its listing on the NSE exchange.

Alpex Solar has never issued stock splits or bonus shares since the time of its listing on the NSE exchange.

Alpex Solar reported ₹506.67 Cr. in revenue, ₹39.87 Cr. in net profit, and ₹77.78 Cr. in EBITD as of Aug 14, 2026 for Q1 FY26-27.

There are no analyst predictions for stock price target for Alpex Solar.

The PE ratio of Alpex Solar is 8.02 as of Oct 30, 2026.

The PB ratio of Alpex Solar is 2.69 as of Oct 30, 2026.

There are no analyst reports for Alpex Solar.

You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.

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Alpex Solar Live Share Price Today, Share Analysis and Chart

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Alpex Solar Stock Price Analysis

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52 Week Price Range

Alpex Solar - Annual

Alpex Solar annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

Annual Revenue Alpex Solar Mar-2026 Annual Revenue is Rs 2,226 Cr which is growth of 184.6% YoY.

Annual Net Profit Alpex Solar Mar-2026 Annual Net Profit is Rs 207 Cr which is growth of 149.5% YoY.

Alpex Solar Technical Analysis

Alpex Solar EMA & SMA

Alpex Solar Delivery And Volume

Alpex Solar Resistance and Support

Alpex Solar Beta

Alpex Solar Price Change Analysis

Alpex Solar Shareholding Pattern/ Ownership

Shareholding Summary

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

Alpex Solar Deals - Insider, Bulk, Block and SAST

Bulk Block Deals

Insider Trading & SAST

Alpex Solar Corporate Actions

Alpex Solar Board Meetings

Alpex Solar past and upcoming board meetings.

Alpex Solar Research Reports

Alpex Solar research reports with share price targets, and buy/hold/sell recommendations from top brokers.

Alpex Solar DocumentsAsk MarketMind AI

Alpex Solar Credit Ratings

Alpex Solar credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

Alpex Solar - Company Profile

Alpex Solar Management Structure

Alpex Solar management structure with salaries, total experience, and qualifications.

Alpex Solar Board of Directors

Alpex Solar Board of directors with salaries, total experience, and qualifications.

About the company - Business Profile

Key Points

References

Alpex Solar FAQ

How is Alpex Solar today?

Alpex Solar today is trading in the red, down by 2.02% at ₹660.4.

How has Alpex Solar performed historically?

Alpex Solar is currently trading down 2.02% on an intraday basis. In the past week the stock fell 2.1%. Stock has been down 20.34% in the past quarter and fell 44.97% in the past year. You can view this in the share price history/seasonality section.

What is the current share price of Alpex Solar on NSE and BSE exchanges?

Alpex Solar is listed on NSE with the ticker ALPEXSOLAR. It's currently trading on NSE at a share price of ₹660.4.

What is the market cap of Alpex Solar?

The market cap of Alpex Solar is ₹1,616.22 Cr. as of Oct 30, 2026.

When did Alpex Solar last pay a dividend, and what has its dividend history been?

Alpex Solar has never announced any dividend since the time of its listing on the NSE exchange.

Has Alpex Solar issued any bonus shares or share splits recently?

Alpex Solar has never issued stock splits or bonus shares since the time of its listing on the NSE exchange.

What do the financial statements and annual reports of Alpex Solar Indicate?

Alpex Solar reported ₹506.67 Cr. in revenue, ₹39.87 Cr. in net profit, and ₹77.78 Cr. in EBITD as of Aug 14, 2026 for Q1 FY26-27.

What is the target share price of Alpex Solar according to analyst predictions in FY26-27?

There are no analyst predictions for stock price target for Alpex Solar.

What is the PE Ratio of Alpex Solar?

The PE ratio of Alpex Solar is 8.02 as of Oct 30, 2026.

What is the PB Ratio of Alpex Solar?

The PB ratio of Alpex Solar is 2.69 as of Oct 30, 2026.

Where can I check the latest Research Reports about Alpex Solar?

There are no analyst reports for Alpex Solar.

How can I be notified of real time alerts about Alpex Solar stock?

You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.