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Solex Energy Limited (SOLEX)

Oil & Gas · NSE · end-of-day 2026-10-19
Close
₹608.10
Day change
-2.72%
1-year
-62.7%
From 52-week high
-68.3%
Weinstein stage
Stage 4
Minervini template
0/8
Solex Energy Limited closed at ₹608.10 on 2026-10-19, down 63% over the past year, 68% below its 52-week high. It meets 0 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 4 - declining. Over the year its annualised volatility was about 55%, with a largest fall of 68% from a peak.

About Solex Energy Limited

Solex Energy Limited manufactures solar photovoltaic modules and provides solar-energy solutions for residential, commercial and industrial customers. Its business benefits from renewable-energy investment and increasing solar adoption. Manufacturing expansion and project opportunities provide growth potential. Module prices, silicon and other input costs, technology changes, government policies, capacity utilization and competition remain important factors.

Price, RSI and MACD

Price · -54.2% over the period
5617821,0021,2231,444Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 27.5
305070
MACD (12, 26, 9) · histogram -1.44
-70.4-24.820.966.6112.2
Price · -60.7% over the period
5308961,2631,6301,997Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 27.5
305070
MACD (12, 26, 9) · histogram -1.44
-127.4-66.4-5.555.5116.4
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEDebt / equityFree cash flowEV / EBITDABeta
₹657 cr₹1,619 cr₹82 cr6.396.272.6031.6%1.06₹26 cr14.31.51

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 202626187.39——3.2%
Mar 20268865953.61+99.7%+127.6%6.7%
Dec 202531898.07——2.8%
Sep 2025155627.20——3.7%
Mar 20253892926.84——7.4%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 0 of 0 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago— Not assessable
EPS growth accelerating over 3 quarters— Not assessable
Sales up 25%+, or sales growth accelerating— Not assessable
Annual EPS up 25%+ in each of the last 2 years— Not assessable
Net margin above the same quarter last year— Not assessable

Investor methods

MethodChecksScoreVerdict
Minervini
✗ Close above the 150- and 200-day averages
✗ 150-day above 200-day
✗ 200-day rising for a month
✗ 50-day above the 150- and 200-day
✗ Close above the 50-day
✗ At least 25% above the 52-week low · low 608.10
✗ Within 25% of the 52-week high · high 1,918.00
✗ RS percentile 70 or more · RS 0
Trend template - the gate, measured: a modest 21-day edge.
0/80 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 4 - declining
CAN SLIM
— C latest quarter EPS up 25%+
— A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✗ N within 15% of the 52-week high · high 1,918.00
✓ S more volume on up days than down days (50 sessions) · 1.10x
✗ L RS percentile 80 or more · RS 0
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
2/4Average
Turtle
✗ Close above the prior 55-session high · 950.00
✗ Close above the prior 20-session high · 770.00
✓ Close below the prior 20-session low · 620.15
Donchian channel breakout - the Turtle traders' entry.
Breakdown
Graham
✓ Price at or below the Graham number · Graham number 711.77
✓ P/E 15 or less · P/E 6.3
✓ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 2.60
✗ Current ratio 2 or more · 1.23
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
100/100Undervalued
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Oil & Gas sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
SOLEX this stock-12.5-38.1-54.2-56.4——6.32.6031.6——1.0614.26571,6198296.31.51
AVADHSUGAR+35.2+85.8+101.4+138.4+45.2+118.030.01.765.16.5—1.2515.21,9772,7566633.00.37
GANDHAR+7.8+30.4+108.2+119.5——9.72.1610.514.3—0.1212.32,9155,05231730.80.86
CHENNPETRO+1.1+18.0+42.2+98.0+139.6+935.45.11.9232.134.6—0.184.621,33089,2864,174280.30.15
PANAMAPET+1.9+5.8+77.5+76.1+48.2+85.26.11.9715.619.6—0.0510.32,9004,10647979.10.81
SOTL-1.2+18.7+92.0+75.0+90.5+131.111.62.6410.515.2—0.0016.44,7974,85341460.41.18
GULFPETRO+11.7+89.2+104.8+74.3+8.3+29.78.90.997.710.2—0.069.2352——8.01.22
SOUTHWEST+6.0-11.9-17.3+65.1+28.5+54.815.53.0517.719.6—0.3910.96202644013.40.81
UEL-10.2+47.6+8.5+40.9——631.027.533.64.5—0.27466.82,4411740.3—
ASIANENE-12.0+21.9+37.4+26.2+117.1—34.14.2711.514.1—0.3223.92,1089476012.70.89
PIXTRANS+2.7-3.8+17.4+22.9+45.3—18.53.5016.521.8—0.0314.12,43561013296.70.54
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.