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Alpex Solar Ltd.

Capital GoodsElectric Equipment

www.alpexsolar.com / www.alpexonline.comBSE: N/ANSE: ALPEXSOLAR

₹906.35NSE

₹906.35

₹2.32K Cr

11.57

3.85

47.78%

₹0.00

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Price Performance

Peer Comparison

Name
ABB LTD. ABB	6,982.00	49.71	1,47,954.43	0.56	362.30	3.00%	3,558.87	21.03%	30.18
CGPOWER CGPOWER	851.70	108.13	1,34,181.08	0.15	308.28	15.52%	3,280.81	13.99%	27.94
SIEMENS LTD. SIEMENS	3,748.10	41.00	1,33,477.53	0.48	2,143.10	406.16%	4,713.70	14.75%	21.42
GVT&D GVT&D	4,280.00	583.00	1,09,587.92	0.24					20.90
WAAREEENER WAAREEENER	2,503.95	19.26	72,026.46	0.16	891.87	15.39%	7,931.79	79.22%	37.93
APAR INDUS. APARINDS	17,061.30	58.70	71,439.65	0.36	467.45	77.80%	6,591.06	29.13%	31.84
HAVELLSINDIA HAVELLS	1,091.95	41.78	68,526.59	0.92	289.71	-16.64%	6,518.19	19.48%	25.74
Alpex Solar Ltd. ALPEXSOLAR	906.35	11.57	2,315.09	0.00	39.87	-5.74%	503.43	32.37%	52.33

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	120.62	76.73	188.40	187.63	327.39	380.32	522.92	648.08	671.96	503.43
Expenses	106.16	72.77	157.77	150.82	273.50	317.73	445.01	557.67	583.09	428.89
	14.47	3.95	30.63	36.82	53.89	62.59	77.91	90.41	88.87	74.54
	11.99%	5.15%	16.26%	19.62%	16.46%	16.46%	14.90%	13.95%	13.23%	14.81%
	-4.67	0.36	1.24	0.52	0.74	2.25	1.35	0.02	3.92	3.25
Interest	1.43	1.54	1.43	2.03	2.31	3.33	3.37	6.49	9.70	14.96
	0.82	1.28	1.28	2.97	2.98	4.13	4.06	6.54	9.35	9.93
	7.55	1.49	29.22	32.29	49.31	57.40	72.32	76.94	73.82	53.54
	16.74%	28.84%	18.86%	27.56%	28.38%	26.32%	27.17%	29.47%	27.84%	25.54%
	6.29	1.06	23.71	23.39	35.32	42.29	52.66	54.27	53.26	39.87
	2.57	0.43	9.69	9.56	14.43	17.28	20.62	21.25	20.85	15.61

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2020-21 (Mar)	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	149.99	166.53	194.68	412.60	780.15
	148.53	165.56	194.68	412.60	780.15
EXPENDITURE :
Increase/Decrease in Stock	0.72	-4.40	-16.61	18.14	-1.42
Raw Material Consumed	117.22	141.50	184.52	331.34	603.93
Power & Fuel Cost	0.15	0.10	0.13	0.13	0.57
Employee Cost	6.29	6.47	6.12	10.18	14.23
Other Manufacturing Expenses	7.69	10.69	0.96	0.71	3.49
General and Administration Expenses	4.33	3.74	4.73	6.52	15.59
Selling and Distribution Expenses	2.80	2.63	2.85	6.55	17.03
Miscellaneous Expenses	0.98	0.84	0.54	1.89	1.43
	140.18	161.57	183.22	375.47	654.86
Operating Profit (Excl OI)	8.36	3.99	11.46	37.13	125.29
	1.72	2.99	1.24	1.50	2.86
	10.08	6.99	12.70	38.63	128.15
Interest	4.31	3.99	5.35	6.31	7.32
PBDT	5.76	2.99	7.35	32.31	120.84
	2.32	2.61	2.05	3.50	8.50
Profit Before Taxation & Exceptional Items	3.44	0.38	5.30	28.81	112.33
Exceptional Income / Expenses				5.11
	3.50	0.32	5.30	33.93	112.31
Provision for Tax	0.34	0.12	1.56	4.84	28.83
	3.16	0.20	3.74	29.09	83.48
Minority Interest	-0.01	-0.01
Consolidated Net Profit	3.15	0.19	3.74	29.09	83.48
Profit Balance B/F	27.11	30.26	30.49	34.03	52.10
Appropriations	30.26	30.45	34.22	63.12	135.58
	5.26	0.32	6.23	11.89	34.11
Adjusted EPS	1.75	0.11	2.08	11.89	34.11

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2020-21 (Mar)	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)
	6.00	6.00	6.00	24.47	24.47
Total Reserves	31.49	31.68	35.45	108.55	191.93
Reserve excluding Revaluation Reserve	31.49	31.68	35.45	108.55	191.93
Revaluation reserve	0.00	0.00	0.00	0.00	0.00
	37.48	37.68	41.45	133.03	216.41
Minority Interest	0.08	0.08	0.08
Secured Loans	6.11	4.72	4.36	4.37	14.37
Unsecured Loans	5.84	7.42	4.59	0.10	0.10
Deferred Tax Assets / Liabilities	0.52	0.17	0.21	-2.97	-3.23
Other Long Term Liabilities					5.81
Long Term Provisions	0.45	0.52	0.38	0.70	1.10
Total Non-Current Liabilities	12.92	12.83	9.54	2.20	18.15
Trade Payables	23.53	22.54	24.65	34.50	109.93
Other Current Liabilities	9.07	14.93	13.12	21.82	49.80
Short Term Borrowings	14.89	11.50	34.75	28.36	48.90
Short Term Provisions	1.38	0.47	2.01	6.83	27.20
Total Current Liabilities	48.87	49.45	74.53	91.52	235.82
Total Liabilities	99.35	100.04	125.60	226.74	470.38
Gross Block	39.18	35.64	38.02	67.06	105.59
Less: Accumulated Depreciation	19.17	18.67	20.63	23.44	31.50
Net Block	20.01	16.97	17.39	43.62	74.09
Capital Work in Progress	0.56	2.00	4.45	0.01	22.81
Non Current Investments	4.14	3.58	3.25	2.37	2.35
Long Term Investment	4.14	3.58	3.25	2.37	2.35
Long Term Loans & Advances	1.09	0.51	0.54	1.60	5.87
Other Non Current Assets	0.00	0.00	1.80	4.34	4.07
Total Non-Current Assets	25.81	23.07	27.43	55.75	113.00
Inventories	31.44	44.04	53.05	36.96	102.39
Sundry Debtors	14.20	16.83	18.70	70.65	123.75
Cash and Bank	14.53	6.60	10.75	43.26	45.86
Other Current Assets	1.41	1.27	2.61	1.61	2.21
Short Term Loans and Advances	11.96	8.22	13.05	18.52	83.18
Total Current Assets	73.55	76.97	98.17	170.99	357.39
Net Current Assets (Including Current Investments)	24.68	27.52	23.64	79.48	121.56
Total Assets	99.35	100.04	125.60	226.74	470.38
Contingent Liabilities	4.19	18.24	12.29	22.38	49.44
Total Debt	29.93	26.70	47.36	35.69	72.08
	62.49	62.82	69.10	54.36	88.43
Adjusted Book Value	20.83	20.94	23.03	54.36	88.43

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2020-21 (Mar)	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	3.50	0.32	5.30	33.93	112.33
Adjustment	5.05	6.05	5.76	1.32	14.03
Changes In working Capital	-6.03	-6.11	-17.72	-37.89	-44.35
Cash Flow after changes in Working Capital	2.52	0.26	-6.67	-2.64	82.01
Cash Flow from Operating Activities	1.71	-1.12	-6.85	-8.02	68.84
Cash Flow from Investing Activities	-8.14	6.44	-8.52	-18.98	-81.90
Cash Flow from Financing Activitie	6.85	-6.44	17.01	50.30	16.27
Net Cash Inflow / Outflow	0.43	-1.12	1.64	23.30	3.20
Opening Cash & Cash Equivalents	1.73	2.15	1.03	2.68	25.98
Closing Cash & Cash Equivalent	2.15	1.03	2.68	25.98	29.18

Ratios

Valuation

11.57

3.85

7.83

0.99

78.32

235.30

Profitability

47.78

52.33

23.95

16.06

10.70

Leverage & Liquidity

0.33

1.52

16.35

Returns

0.00

2.24

Shareholding Pattern

Numbers in percentages

Particulars	Mar '24	Sep '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	68.76	68.76	68.76	68.76	65.89	65.89	65.90	65.90
	6.68	1.15	1.74	1.94	3.31	3.80	3.62	3.53
	24.55	30.09	29.50	29.29	30.81	30.32	30.48	30.58
	31.24	31.24	31.24	31.24	34.11	34.11	34.10	34.10
No. of Shareholders	2,224	4,544	5,730	6,010	6,397	7,354	8,032	8,517

Corporate Actions

Showing: All

Date	Type	Details
2026-09-05	AGM	Appointment of Secretarial Auditor and reappointment of Statutory Auditor
2026-08-10	Board Meeting	Financial Results
2026-06-19	Substantial Acquisition of Shares	Monica Sehgal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsElectric Equipment

Alpex Solar Ltd. operates in the Capital Goods sector under the Electric Equipment industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

8 members across the board and senior leadership

Ashwani Sehgal

Managing Director

₹86.44 L

Mar '25

Monica Sehgal

Whole Time Director

₹83.55 L

Mar '25

Vipin Sehgal

Executive Director

₹59.50 L

Mar '25

Satish Kumar Gupta

Non Executive Director

₹11.05 L

Mar '25

Deepak Verma

Non Executive Independent Director

₹7.35 L

Mar '25

Indrajeet S Khanna

Non Executive Independent Director

₹6.65 L

Mar '25

Sakshi Tomar

Company Secretary & Compliance Officer

—

Mukesh Malhotra

Non Executive Independent Director

—

ALPEXSOLAR Latest News

News

1 of 1 article

EQUITY21 May 2026 · 00:00

Alpex Solar reports Profit after tax of Rs 546.36 Mln, in the March 2026 quarter

ALPEXSOLAR

₹906.35

+0%