๐โก Solex Energy Ltd โ H2 & FY27 could redefine the company
H1 FY26: โน415 Cr โ๏ธ
H2 FY26 visibility: โน1,300โ1,450 Cr ๐ฅ
๐ FY26E revenue: โน1,700โ1,850 Cr | PAT margin: 6โ7%
โ๏ธ Capacity inflection
Till Novโ25: 1.5 GW โก๏ธ Q4 FY26 onward: 4 GW fully operational ๐
๐ฆ Order book: โน4,000 Cr
โน153 Cr finished goods ready | Monsoon delays behind | Mgmt: โH2 is always multiples of H1โ
๐ FY27 (first full year at 4 GW)
๐ฐ Revenue potential: โน3,000 Cr
๐ฐ PAT potential: โน200 Cr
๐ Valuation lens
โข Marโ26: โน100โ110 Cr PAT โ โน2,000โ2,200 Cr Mcap (~100% upside from CMP โน1,045)
โข Marโ27: โน200 Cr PAT โ โน4,000 Cr Mcap (โ4ร in ~18 months)
๐ Numbers from Novโ25 PPT & post-H1 transcript.
โ ๏ธ Not investment advice.DYOD
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