ALPEX SOLAR LIMITED

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated A- by CRISIL.
• ResultsMixedIn the Jun 2026 quarter, sales rose 32% and profit fell 4.8% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 66%, down from 69% in Jun 2025.
• ValuationCheap vs its pastThe share trades at 8.6 times its yearly earnings (P/E), cheaper than 100% of the time in the last 3 years. Its usual P/E is about 42.

ALPEX SOLAR LIMITED against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)8.6 against a typical 25.4: cheaper than most peers (1st = cheapest).8th of 80
• Sales growth+32.4% against a typical +32% from a year earlier.34th of 69
• Profit growth−4.8% against a typical +15.9% from a year earlier.38th of 64
• Share price, 3 months−18.4% against a typical −11%.51st of 74

Exchange filings and their impact on the company.

• 22 Oct 2026Press ReleaseMedium impactPositivePrice −4.1% that day
  CRISIL upgraded Alpex Solar to A-/Stable and doubled rated bank lines to Rs 1,078 crore, cutting funding costs and backing its new 2.2 GW cell plant.

  Alpex Solar said CRISIL upgraded its long-term rating to A-/Stable from BBB+/Stable and its short-term rating to A2+ from A2. At the same time, total rated bank facilities were raised to Rs 1,078 crore from Rs 573 crore. The company linked the upgrade to its financial strength and integrated model, including the 2.2 GW TOPCon solar cell plant inaugurated in September 2026 at Kosi Kotwan, and said it will keep investing through debt and internal accruals.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.