Alpex Solar share price
NSE: ALPEXSOLARElectrical Equipment
Last close ₹674.55down ₹38.45 (5.39%)
Share price at the NSE close on 23 Oct 2026. Previous close ₹713.00.
52-week range of traded prices to 23 Oct 2026
₹660.00Low, 2 Feb 2026₹1,319.00High, 3 Nov 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price.
- ₹1,723 Cr
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Aug 2026
- 8.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 21 May 2026
- 3.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- 51.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 28.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 21 May 2026
- 0.90
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 78,80081.9% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 14 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹503 Crdown 25.08%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹40 Crdown 25.16%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 7.9%
Revenue by year
Peak revenue ₹2,223 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Dec 2024 | Mar 2025Filed 22 May | Jun 2025Filed 11 Aug | Sep 2025Filed 3 Nov | Dec 2025Filed 9 Feb | Mar 2026Filed 21 May | Jun 2026Filed 14 Aug |
|---|---|---|---|---|---|---|---|
| Revenue | 188 | 327 | 380 | 523 | 648 | 672 | 503 |
| Net profit | 24 | 35 | 42 | 53 | 54 | 53 | 40 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 12.6% | 10.8% | 11.1% | 10.1% | 8.4% | 7.9% | 7.9% |
Consolidated. The 7 quarters from Dec 2024, the first on record; the half years before them are below. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
| ₹ crore | Sep 2024 |
|---|---|
| Revenue | 265 |
| Net profit | 25 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 9.5% |
Consolidated. The half years in the same span that the quarters on record do not fully cover.
Business segments
In the year to Mar 2026 the company reports one business segment, Single Segment Reporting, which carries all its revenue. From the quarter to Jun 2026 it reports 2 businesses, by share of revenue: Solar Panel, 84.2% and Solar Pump and EPC, 15.8%.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 0.4% of 240 trading days over the last year.
LowestHighest
Its median11.9Industry median23.3
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 0.4% of 240 trading days over the last year.
LowestHighest
Its median4.2Industry median3.2
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.6.3
At or below today's level on 0.4% of 240 trading days over the last year.
LowestHighest
Its median8.3Industry median16.1
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +33.9% | +131.2% | −42.1% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Peers and competitors
Other Electrical Equipment, 84 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Alpex Solar in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Oriana PowerORIANA | 2,412 | 9.6 | 3.2 | – | +83.7% | +58.5% | 39.5% | – | 0.00% |
 Modern InsulatorsMODINSU | 2,009 | 21.3 | 3.7 | 18.1 | +41.8% | +103.4% | 18.7% | 17.0% | 0.00% |
 Schneider Electric President SystemsSELECTRIC | 1,833 | – | – | – | – | – | – | – | 0.00% |
 Advait Energy TransitionsADVAIT | 1,731 | – | 6.2 | 17.9 | +69.4% | – | – | 24.0% | 0.13% |
 HINDUSTHAN INSULATORS and INDUSTRIESHIIL | 1,473 | 11.5 | 2.9 | 9.2 | +71.8% | – | 28.3% | 24.6% | 0.02% |
 Servotech Renewable Power SystemSERVOTECH | 1,430 | 38.2 | 5.0 | 20.3 | +7.4% | +11.8% | 14.3% | 11.0% | 0.03% |
 Insolation EnergyINA | 1,410 | – | – | – | – | – | – | – | 0.00% |
 Modison Ltd-$MODISONLTD | 1,307 | 11.5 | 4.1 | 8.9 | +84.8% | +255.8% | 41.3% | 29.7% | 1.74% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
Alpex Solar share price by year
Each calendar year to 2025.Alpex Solar share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 821.55 | −3.1% | 1,356.45 | 514.75 |
| 2024 | 848.15 | – | 1,084.75 | 257.95 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2024 is from its first session, 15 Feb 2024.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 706.75 | 717.90 | 670.00 | 674.55 | 685.23 | 78,800 | 81.9% |
| 22 Oct 2026 | 727.10 | 750.00 | 695.00 | 713.00 | 720.58 | 52,200 | 70.3% |
| 21 Oct 2026 | 763.30 | 768.65 | 721.05 | 743.40 | 748.66 | 32,800 | 76.8% |
| 19 Oct 2026 | 775.55 | 775.55 | 762.05 | 763.30 | 766.83 | 39,300 | 87.0% |
| 16 Oct 2026 | 776.00 | 795.00 | 775.00 | 780.30 | 785.42 | 1,05,500 | 90.1% |
| 15 Oct 2026 | 797.95 | 797.95 | 770.00 | 777.75 | 779.19 | 83,800 | 86.4% |
| 14 Oct 2026 | 785.15 | 797.80 | 785.15 | 790.80 | 791.13 | 14,000 | 60.7% |
| 13 Oct 2026 | 786.00 | 798.80 | 774.00 | 781.25 | 780.56 | 24,000 | 73.3% |
| 12 Oct 2026 | 815.50 | 815.50 | 788.00 | 790.20 | 795.72 | 47,800 | 87.2% |
| 9 Oct 2026 | 814.20 | 819.90 | 802.00 | 804.95 | 808.01 | 24,900 | 68.7% |
Prices in ₹ per share as traded, not adjusted.
Company details
- Legal name
- Alpex Solar Limited
- NSE symbol
- ALPEXSOLAR
- ISIN
- INE0R4701017
- Industry
- Electrical Equipment
- Listed
- Feb 2024
- Face value
- ₹10