Alpex Solar Ltd. · NSE:ALPEXSOLAR
Alpex Solar — Q4 FY2026 Earnings Presentation
23 slides from Alpex Solar's earnings presentation, May 22, 2026
Slide 1: Intimation of Investor Presentation to NSE
Date: May 21, 2026 To Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C-1, G-Block Bandra Kurla Complex, Bandra (East) Mumbai– 400051 Symbol: ALPEXSOLAR, ISIN: INE0R4701017 Sub: Intimation of Investor Presentation Dear Sir/Madam, Pursuant to Regulation 30 of the
Slide 2: Alpex Solar Limited Investor Presentation May 2026
ALPEX SOLAR LIMITED AN INTEGRATED RENEWABLE ENERGY COMPANY INVESTOR PRESENTATION MAY 2026 INVESTOR PRESENTATION | MAY 2026 | Q4
Slide 3: Safe Harbour
SAFE HARBOUR This presentation has been prepared by Alpex Solar Limited (“ALPEXSOLAR” or the “Company”) solely for information purposes. It does not constitute an offer, recommendation or invitation to purchase or subscribe to any securities. It shall not form the basis or be relied on in connection
Slide 4: Alpex Solar: An Integrated Renewable Energy Platform
ALPEX SOLAR: AN INTEGRATED RENEWABLE ENERGY PLATFORM STRONG FOUNDATION TODAY SCALABLE TOMORROW 20+ 3.6 GW 7 26K+ 2.2 GW 5 GW 5 GW Years in solar PV Manufacturing Manufacturing units Solar pump Manufacturing capacity of Manufacturing capacity Manufacturing capacity of manufacturing capacity of solar
Slide 5: Integrated Renewable Platform Across the Solar Value Chain
INTEGRATED RENEWABLE PLATFORM ACROSS THE SOLAR VALUE CHAIN DIVERSIFIED BUSINESSES STRONGER INTEGRATION SUSTAINABLE GROWTH Solar Cells Solar Modules Solar Pump Aluminium Frame EPC Solutions IPP (G12R TOPCon 3rd Generation) At the forefront of Among the leading Strong business Among the first in End-t
Slide 6: Energy Independence = Energy Security = National Security
ENERGY INDEPENDENCE = ENERGY SECURITY = NATIONAL SECURITY BUILDING A SELF-RELIANT, SECURE AND SUSTAINABLE ENERGY FUTURE FOR INDIA India imports 89% of its crude oil products. (USD 161 Billion) POLICY VISIBILTY - ALMM ROADMAP India’s total import bill for FY 2024–25: USD 915.19 billion (Goods+Service
Slide 7: A Journey of Achievements: Capacity Milestones
A JOURNEY OF ACHIEVEMENTS FROM A SMALL BEGINNING IN 1993 TO A FULLY INTEGRATED SOLAR MANUFACTURING LEADER 2024-27 2027-28 2028-30 2008-19 Building the Future Next Horizon 2020-23 Future Vision Foundation for Growth Expanded solar module Plan to migrate to main & Scaling Up Strengthening 2023-24 capa
Slide 8: Concentrated Manufacturing Backbone Enabling Scalable Growth
CONCENTRATED MANUFACTURING BACKBONE ENABLING SCALABLE AND COST-EFFICIENT GROWTH STRATEGICALLY LOCATED UNITS WITH STRONG NORTH INDIA CONCENTRATION AND A CLEAR EXPANSION ROADMAP STRATEGICALLY CONCENTRATED IN HIGH-GROWTH NORTH INDIA CORRIDOR STRATEGIC ADVANTAGE: STRONG BASE IN UTTAR Strong Manufacturin
Slide 9: Capacity & Operations
CAPACITY & OPERATIONS SCALED MANUFACTURING FOOTPRINT ACROSS NORTH & CENTRAL INDIA Kasna, Greater Noida, Uttar Pradesh Solar Module Unit I I 25-26, Site V, Kasna, Surajpur Industrial Area, 1.2 GW Greater Noida, Uttar Pradesh Kosi Kotwan, Mathura, Uttar Pradesh G12R TOPCon Cell (3rd Generation) Unit I
Slide 10: Kosi Facility Strengthens Position with 2.2 GW Solar Cell Capacity
KOSI FACILITY STRENGTHENS ALPEX’S POSITION IN INDIA’S SOLAR VALUE CHAIN WITH 2.2 GW SOLAR CELL CAPACITY 2.2 GW G12R TOPCon (3rd Generation) Cell Capacity SCALE TECHNOLOGY 2.2 GW capacity G12R TOPCon Up to 25.5% efficiency (3rd Generation) Cell Fully automated operations supported by AGVs 9 lakh sq.
Slide 11: The Alpex Edge: G12R TOPCon Cell
THE ALPEX EDGE: G12R TOPCon (3 rd Generation) Cell DESIGNED FOR SCALE, EFFICIENCY & LONGEVITY Proven Factory Design Training and Technology with Scalability Knowledge Transfer Turnkey solution from Future ready design Advanced training a global partner with for improved efficiency provided at a full
Slide 12: Alpex's Digital Transformation: SAP Integration
ALPEX’S DIGITAL TRANSFORMATION: SAP INTEGRATION DRIVING OPERATIONAL EXCELLENCE ENABLING SCALABLE GROWTH Successfully implemented SAP across core functions, strengthening our systems, processes and decision-making. WHAT SAP ENABLES FOR ALPEX REAL-TIME FASTER CLOSING WORKING CAPITAL ENHANCED COST SCAL
Slide 13: Catering to Marquee Clientele as a Preferred Partner
CATERING TO MARQUEE CLIENTELE AS A PREFERRED PARTNER TRUSTED BY LEADING PSUS, CORPORATES AND GLOBAL ENERGY PLAYERS ACROSS THE ENERGY VALUE CHAIN. OUR ESTEEMED CLIENTELE DIVERSE CLIENT BASE STRONG RELATIONSHIPS REPEATED BUSINESS PAN-INDIA PRESENCE Serving leaders across PSUs, Long-standing partnershi
Slide 14: Stunning Sunpowered Performance Yet Again
STUNNING SUNPOWERED PERFORMANCE YET AGAIN 2 .8 5X (INR in Crores) FY2026 FY2025 2 .56X REVENUE ₹2,223.27 ₹780.15 2 . 41 X EBITDA ₹327.39 ₹128.13 PAT ₹201.51 ₹83.48 Disclaimer- Mr. Rahul Dravid’s engagement as Brand Ambassador pertains solely to endorsement of Alpex Solar’s products and brand. No par
Slide 15: Powering Growth Through Execution: Q4 FY2025-26 Performance Review
POWERING GROWTH THROUGH EXECUTION Q4 FY2025-26 PERFORMANCE REVIEW (INR in Crores) REVENUE EBITDA EBITDA MARGIN PAT PAT MARGIN ₹671.95 ₹92.87 13.82% ₹53.26 7.93% QUARTER HIGHLIGHTS REVENUE (₹ CRORES) PAT (₹ CRORES) Strong revenue growth driven by higher demand and market expansion. Strategic sales in
Slide 16: Quarterly & Annual Progression
Q1 → Q4 FY2026 QUARTERLY & FY2025 → FY2026 ANNUAL PROGRESSION QUARTERLY CONSISTENCY AND ANNUAL ACCELERATION UNDERLINING A STRONG GROWTH-LED PERFORMANCE QUARTERLY PROGRESSION 2026 (INR in Crores) ANNUAL PROGRESSION (INR in Crores) Q1 FY Q2 FY Q3 FY Q4 FY FY2025 FY2026 QoQ Growth YoY Growth 671.95 Q4
Slide 17: Alpex's Unprecedented Journey Over 4 Years
ALPEX'S UNPRECEDENTED JOURNEY OVER 4 YEARS RECORD-BREAKING PERFORMANCE- THE COMPOUNDING CASE From 200 Cr to 2,200 Cr in four years. Margins expanded 4x with a near debt-free balance sheet. Particulars FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 11.44X Revenue from Operations 194.68 412.60 780.15 2,2
Slide 18: Management Perspective
MANAGEMENT PERSPECTIVE INNOVATION AS A WAY OF LIFE AT ALPEX A company founded by technocrats, Alpex Solar has always focused on scalable and efficient innovation. The culture of ‘building better’ has spawned from our first-generation entrepreneurial leadership. Execution and technology have become t
Slide 19: Scaling New Horizons
SCALING NEW HORIZONS BUILDING INDIA'S ENERGY INDEPENDENCE New product + capacity will propel margins Historically, Alpex has delivered EBITDA margins of 16–17% and PAT margins of 8–9%. With the commencement of cell manufacturing operations, margins are expected to nearly double at both the EBITDA an
Slide 20: Alpex Ranked 26th Among World's Leading Solar Manufacturers
ALPEX RANKED 26TH AMONG THE WORLD’S LEADING SOLAR MANUFACTURERS TERAWATT PV TOP 100 RECOGNITION ( Q1 2026 ) #26 #8 21 ALPEX’S GLOBAL RANKING INDIA RANKING INDIAN COMPANIES PV MANUFACTURER PV MANUFACTURER IN GLOBAL TOP 100 Indian PV Manufacturer Ranking Snapshot Ranked among the Top 8 Indian players
Slide 21: Leadership at the Forefront of Scalable Growth
LEADERSHIP AT THE FOREFRONT OF SCALABLE GROWTH PROMOTER GROUP ASHWANI SEHGAL MONICA SEHGAL VIPIN SEHGAL President & Managing Director Whole Time Director Executive Director Mr. Ashwani Sehgal is a ffirst-generation irst-generation Ms. Monica Sehgal has over three decades Mr. Vipin Sehgal, has more t
Slide 22: Driving Force Behind Alpex
DRIVING FORCE BEHIND ALPEX KEY MANAGERIAL PERSONNEL ADITYA SEHGAL UDAYA SEHGAL SAKSHI TOMAR Chief Executive Off icer Chief Financial Off icer Company Secretary Mr. Aditya Sehgal, a second-generation entrepreneur and Ms. Udaya Sehgal holds a B.Sc in Business Management Ms. Sakshi Tomar is a Member of
Slide 23: Thank You
THANK YOU ALPEX SOLAR LIMITED REGISTERED OFFICE B-79, Shivalik Enclave, Near Malviya Nagar, New Delhi - 110017, India CORPORATE OFFICE I 26, Site-V, Surajpur Ind. Area, Kasna, Greater Noida, (UP) - 201306, India MANUFACTURING UNITS Unit-I : Greater Noida, UP (NCR) Unit-II : Kosi Kotwan, Mathura, UP