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  4. ALPEX SOLAR LTD.
Alpex Solar Ltd.
NSE: ALPEXSOLAR
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713.90-10.40(-1.44%)
15,500
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NSE 09 Nov, 2026 3:31 PM (IST)

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Alpex Solar quarterly and annual financials: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Alpex Solar quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Alpex Solar Jun-2026 Quarterly Revenue is Rs 505 Cr which is growth of 32.0% YoY.

  • NEGATIVE

    Quarterly Net Profit Alpex Solar Jun-2026 Quarterly Net Profit is Rs 39 Cr which is growth of -8.9% YoY.

Alpex Solar Ltd., Quarterly, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23
⌄
505.1671.9647.5523.8382.6327.5188.1188.677.1121.179.3
Operating Exp.
428.1578.1556.4444.6317.5273.6150.7155.372.8106.271
Operating Profit
73.390.990.177.862.852.936.933.1414.58.2
Operating Profit Margin %
14.62%13.58%13.94%14.89%16.51%16.20%19.67%17.57%5.15%11.99%10.33%
Depr.
9.96.46.54.14.13311.30.80.9
Interest
159.76.53.43.32.321.11.51.41.4
Profit Before Tax
52.177.877.171.757.648.432.431.11.57.616.4
Tax
13.420.122.619.715.113.58.97.10.41.33.6
Net Profit
38.757.654.552.142.534.923.5241.16.312.7
EPS Adj. latest
15.823.622.321.317.414.39.69.80.42.65.2
Net profit TTM
203206.8184153124.983.554.944.1---
Basic EPS TTM
818132.432.433.933.911.911.911.911.91.5
Earnings Transcripts
         
*All financials are in INR Cr and price data in INR

Alpex Solar competitor comparison and performance snapshot within industry

Alpex Solar revenue mix: sales, profit, and capital employed breakups by segment

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

  • 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
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMMar '26Mar '25Mar '24Mar '23Mar '22Mar '21
129.6%
74%
2,348.22,225.7782.1405.3183.9156.1139.5
Operating Exp. Ann.
122.7%
71%
2,007.21,896.6654.9367.8171.7149.5129.9
Operating Profit Ann.
208.1%
107.3%
332.1321.6124.436.7113.28.4
OPM Ann. %
34.1%
19.1%
 14.45%15.90%9.05%5.99%2.05%6.04%
⌄
121.4%
70%
 1,940.5670.7376.3178.7156136.5
EBITDA Ann.
199.1%
102.8%
 329.2127.337.612.36.69.6
EBITDA Ann. margin %
30.4%
16.6%
 14.79%16.27%9.27%6.67%4.20%6.86%
Interest Ann.
65%
40.4%
34.522.97.365.13.94.2
Depr.
119.3%
55.8%
26.921.18.52.622.62.3
PBT Ann.
279.5%
148.5%
278.7284.3111.436.45.20.13
Tax Ann.
272.5%
229.3%
75.877.528.67.41.500.2
279%
136.4%
 206.882.929.13.80.12.8
Net Profit Ann.
279%
136.4%
203206.882.929.13.80.12.8
NPM Ann. %
65.7%
35.8%
 9.32%10.63%7.18%2.05%0.04%2.02%
EPS Adj. latest Ann.
283.3%
138.3%
 84.533.911.91.501.1
*All financials are in INR Cr and price data in INR
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 balance sheet as of Mar 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Alpex Solar Mar-2025 Total Shareholders Fund is Rs 564 Cr which is growth of 160.9% YoY.

  • POSITIVE

    Total Assets Alpex Solar Mar-2025 Total Assets is Rs 1,375 Cr which is growth of 201.4% YoY.

Alpex Solar Ltd., Balance Sheet, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21
⌄
143%
73.9%
563.9216.2131.339.335.635.5
Minority Interest Liability Ann.
-
-
------
⌄
307.4%
92.1%
290.719.75.14.36.711.1
94.8%
62.3%
520.8220.580.670.446.946.3
Total Capital Plus Liabilities Ann.
129.3%
71.4%
1,375.3456.3216.911489.192.9
⌄
142.5%
69.6%
283.88327.119.918.620.2
⌄
169.4%
78.8%
47598.938.924.323.426
115.7%
68.2%
900.3357.417889.765.866.8
Total Assets Ann.
129.3%
71.4%
1,375.3456.3216.911489.192.9
Contingent Liabilities plus Commitments Ann.
-
-
-49.412.912.318.24.2
Bonus Equity Share Capital Ann.
-
-
-16.916.94.94.94.9
Non Current Investments Unquoted Book Value Ann.
-
-
-2.86.33.94.34.8
Current Investments Unquoted Book Value Ann.
-
-
-
*All financials are in INR Cr and price data in INR
Total Assets Ann.
1Y CHG
201.4%
2Y CAGR
151.8%
3Y CAGR
129.3%
5Y CAGR
71.4%
Total Assets Annual growth is higher than historical averages.
Total Current Liabilities Ann.
1Y CHG
136.2%
2Y CAGR
154.2%
3Y CAGR
94.8%
5Y CAGR
62.3%
Total Current Liabilities Annual Cr growth is higher than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
160.8%
2Y CAGR
107.2%
3Y CAGR
143%
5Y CAGR
73.9%
Total ShareHolders Funds Annual growth is higher than historical averages.

Alpex Solar ROE, ROCE, book value, and debt-to-equity ratio as of Mar 2026 – 11 year history

  • POSITIVE

    Book Value Per Share Alpex Solar Mar-2025 Book Value Per Share is 221 Rs which is growth of 149.9% YoY.

  • POSITIVE

    ROE Alpex Solar Mar-2025 ROE is 37% which is growth of 1.7% YoY.

Alpex Solar Ltd., Ratios, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21
BVSH Ann.
49.9%
30.1%
220.788.353.765.559.359.2
RoA Ann. %
66.1%
37.9%
15.03%18.15%13.39%3.28%0.07%3.01%
ROE Ann. %
56.7%
36%
36.67%38.33%22.12%9.53%0.19%7.88%
ROCE Ann. %
15.1%
18.3%
36.05%50.35%25.64%23.63%9.38%15.58%
⌄
      
⌄
      
⌄
      
Total Debt to Total Equity Ann.
-3.5%
2.4%
0.90.30.310.60.8
*All financials are in INR Cr and price data in INR
ROE Ann. %
1Y CHG
-4.3%
2Y CAGR
28.8%
3Y CAGR
56.7%
5Y CAGR
36%
ROE Annual % is falling faster than historical averages.
RoA Ann. %
1Y CHG
-17.2%
2Y CAGR
5.9%
3Y CAGR
66.1%
5Y CAGR
37.9%
RoA Annual % is falling faster than historical averages.
Current Ratio Ann.
1Y CHG
6.3%
2Y CAGR
-12.1%
3Y CAGR
9.4%
5Y CAGR
4%
Current Ratio Annual growth is stable compared to historical averages.

Alpex Solar cash flow: net, operating, investing, and financing flows as of Mar 2026 – 11 year history

  • NEGATIVE

    Cash From Operating Activity Alpex Solar Mar-2026 Cash From Operating Activity is Rs -117 Cr which is growth of -327.8% YoY.

  • NEGATIVE

    Net Cash Flow Alpex Solar Mar-2026 Net Cash Flow is Rs -5 Cr which is growth of -377.4% YoY.

Alpex Solar Ltd., Cash Flow, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21
-
-
-116.651.2-13.9-8.33.63
Cash from Investing Act. Ann.
-
-
-441.4-67.8-15.7-6.96.4-8.1
Cash from Financing Act. Ann.
221.8%
153.3%
553.118.453.416.6-115.3
-
-
-4.91.823.81.5-10.3
*All financials are in INR Cr and price data in INR
Cash from Financing Act. Ann.
1Y CHG
2906%
2Y CAGR
221.8%
3Y CAGR
221.8%
5Y CAGR
153.3%
Cash from Financing Annual Activity growth is higher than historical averages.

Alpex Solar investor presentations, annual reports, credit ratings, and earnings calls with AI summary, video, and audio access