Shares of Alpex Solar Limited, a small-cap solar module manufacturer, jumped up to 11.4% on Wednesday after the company secured a major commercial order worth ₹215.20 crore (excluding GST). The stock opened at ₹742.05 and climbed to ₹827.00, pushing its market cap to ₹2,081.75 crore.
The company manufactures high-power solar modules utilizing advanced technologies, including Mono PERC, bifacial, and half-cut cells. The new order has come from a major domestic industry player and will be completed within six months as per the agreement.
Investors are reacting positively because the company has shown strong financial growth. Revenue jumped from ₹188 crore in September 2024 to ₹523 crore in September 2025, while net profit increased from ₹24 crore to ₹53 crore during the same period.
The company also maintains strong profitability with a ROCE of 50.5% and ROE of 47.7%, along with a low debt-to-equity ratio of 0.37. Its shares appear attractively valued with a P/E of 13.6 compared to the industry average of 28.4.
Profit has grown at a massive 93.8% CAGR over the last five years, and the company has maintained an average ROE of 37.2% over the past three years.
Alpex Solar is one of India’s top white-label solar module manufacturers. It is expanding its capacity to become a fully integrated solar cell and module producer.
It is set to commission 2.4 GW of module capacity in this financial year. The company is now on course to reach 3.6 GW capacity by FY 2026–27.
Apart from making solar modules, it has installed more than 21,000 solar pumps across India and provides both AC and DC pump solutions. In Q2 FY26, module manufacturing made up about 89% of total revenue, while the solar pump EPC business contributed around 11%.
Overall, the large order wins, strong performance, and ongoing capacity expansion have brought Alpex Solar into focus and increased confidence among investors.
Disclaimer: The information provided here is for general informational purposes only and should not be considered financial, investment, or trading advice. Stock prices and market data are subject to change without notice. Renewable Affairs does not guarantee the accuracy, completeness, or reliability of this information and assumes no responsibility for any investment decisions made based on it. Readers are advised to conduct their own research or consult a qualified financial advisor before making any buying or selling decisions.
Source
0 Comments