Multibagger Solar Stock Hit Upper Circuit After Announcing 378 Per Cent Jump in PAT & Re 0.55/Share Dividend
The stock is up by 45 per cent from its 52-week low and has given multibagger returns of over 5,400 per cent in 5 years.
Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services. Our global factory in Tadkeshwar, Gujarat, has a 1.5 GW production PV module manufacturing capacity. Solex holds key certifications for domestic and international markets and exports to several countries. As a trusted OEM provider, we serve internationally recognised brands. Built upon our core values of consistency, quality, and commitment, we transcend being merely a solar company to become your trusted partner in fulfilling your PV module and EPC requirements.
On Tuesday, shares of Solex Energy Limited hit a 2 per cent upper circuit to Rs 914.90 per share from its previous closing of Rs 897 per share. The stock’s 52-week high is Rs 1,786.70 per share and its 52-week low is Rs 630.90 per share.
According to half-yearly results, the net sales increased by 42 per cent to Rs 389 crore and net profit increased by 275 per cent to Rs 30 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 81 per cent to Rs 662 crore and net profit increased by 378 per cent to Rs 43 crore in FY25 compared to FY24. The company also recommended a dividend of Re 0.55 per share with a face value of ₹10 each for the financial year ending March 31, 2025.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, download the service details here.
Earlier, the company had been awarded a significant work order worth Rs 451,09,20,000 from KPI Green Energy Limited, Surat, for the manufacture and supply of 310 MW of N-Type TOPCon 615Wp Glass-to-Glass (G12R) Solar PV Modules. This domestic order is scheduled to be executed within a 6-month period starting from September 2025, as per the agreed terms and conditions.
The company have a market cap of over Rs 900 crore. The stock is up by 45 per cent from its 52-week low and has given multibagger returns of over 5,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.