Solex Energy Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 24 May 2026 | Electrical Equipment | Market Cap: ₹998 Cr
FY27 revenue target: INR 2,600 crores, based on conservative 55% capacity utilization. Solex Energy targets a top line of INR 26,000 million (INR 2,600 crores) for FY27, with a PAT margin range of 6% to 8%.
From Solex Energy Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹772
Market Cap
₹998 Cr
P/E Ratio
11.3
Revenue Rank
Margin Rank
How does Solex Energy Ltd rank in Electrical Equipment?
Compare Solex Energy Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
Solex Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹839 Cr, net profit ₹55 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →FY27 revenue target: INR 2,600 crores, based on conservative 55% capacity utilization.
- →Order book visibility: Over INR 3,400 crores in confirmed and advanced stage orders.
- →Sales volume: FY26 module sales exceeded 1 GW; Q4 FY26 utilization was ~70%.
- →Expect sustained higher sales in second half of each fiscal year due to seasonality (monsoon impact).
- →The company aims to cross the conservative revenue target comfortably.
- →Upcoming backward integration with cell and wafer manufacturing expected to enhance margins and support volume growth by FY29.
- →Expansion into Battery Energy Storage Systems (BESS) with 10 GW planned capacity, expected to be a significant growth segment independently.
- →Focus on innovation, digitalization, and global expansion to sustain high growth trajectories and long-term value creation.
See what Solex Energy Ltd said on profitability & margins — free account, 30 seconds.
🏗️ Capital Expenditure Plans
Yes- →Solex Energy has planned significant capex for backward integration, including:
- → - 10 GW of solar module manufacturing capacity.
- → - 10 GW of solar cell manufacturing capacity (TOPCon plus IBC cells) in two phases: 2 GW and 3 GW.
- → - 2 GW of wafer and ingot capacity.
- → - 10 GW of Battery Energy Storage Systems (BESS) capacity in two phases of 5 GW each.
- →The company signed an INR 4,000 crore MoU with the Government of Gujarat for this expansion, focusing on cell manufacturing and BESS.
- →Cell line commissioning is targeted by end of 2027, with the first 2.2 GW phase operational by Q4 2027.
- →BESS will be developed as a separate subsidiary with a clear independent business plan.
- →Land acquisition of 60-70 acres is underway, pending connectivity approvals expected by June 2026.
- →Planned financing includes INR 350 crores from NCD and CCD, expected to close by June 2026.
- →Total capex strategy aims to strengthen supply chain control and enhance competitiveness.
See what Solex Energy Ltd said on fundraising & capital structure — free account, 30 seconds.
📋 Order Book & Pipeline
No information- →Solex Energy has an order book visibility of approximately INR 3,400 crores as of May 18, 2026.
- →The order book comprises three parts: confirmed Purchase Orders (POs), signed Master Service Agreements (MSAs), and advanced stage orders.
- →The company is actively executing these orders while simultaneously bidding for and adding new orders.
- →Discussions and potential orders from KP Group are ongoing, with some orders executed last year; specifics are yet to be finalized.
- →The order inflow for FY '27 is expected to continue as new orders are being added on top of the existing INR 3,400 crores order book.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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What Solex Energy's management said in earlier quarters
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Frequently Asked Questions
What were Solex Energy Ltd Q4 FY26 results?
FY27 revenue target: INR 2,600 crores, based on conservative 55% capacity utilization. Solex Energy targets a top line of INR 26,000 million (INR 2,600 crores) for FY27, with a PAT margin range of 6% to 8%.
What is Solex Energy Ltd share price analysis?
Solex Energy Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 11.3 with a market cap of ₹998 Cr. Investors should review the full earnings analysis for detailed insights.
Is Solex Energy Ltd planning capital expenditure?
Solex Energy has planned significant capex for backward integration, including: - 10 GW of solar module manufacturing capacity.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.