Solex Energy Ltd. · NSE:SOLEX
Solex Energy — FY2024 Earnings Presentation
37 slides from Solex Energy's earnings presentation, May 30, 2024
Slide 1: Solex Energy Ltd. submission letter to NSE
Solex Energy Ltd. STOCK CODE ONSE Emerge SYMBOL SOLEX OWN YOUR POWER... CIN: L40106GJ2014PLC081036 GST: 24AAVCS0328R1ZN May 30, 2024 To, The Manager National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), Mumbai – 400051 Script Code: SOLEX
Slide 2: Solex Energy Limited Investor Presentation Q4 & FY 2024
SOLEX ENERGY LIMITED Investor Presentation Q4 & FY 2024 1
Slide 3: Disclaimer
DISCLAIMER This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Solex Energy Limited (“SEL”, “Solex”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection wi
Slide 4: Agenda
AGENDA 01 About Solex Energy 04 Way Forward 02 Business Overview 05 Financial Highlights 03 Industry Overview 06 Annexures INVESTOR PRESENTATION 3
Slide 5: About Solex
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Slide 6: Solex – A Brief
SOLEX – A BRIEF SOLEX ENERGY LIMITED, founded in 1995, specializes in renewable energy solutions and stands as a leading pioneer in Solar Photovoltaic (PV) Module manufacturing in India. Originally known as Sun Energy Systems, the company began its journey by producing solar water heaters. Over time
Slide 7: Our Journey
OUR JOURNEY 1995 1998 2000 2007 Established “Sun Energy Systems” Started manufacturing “Solar Water Started manufacturing of “Solar Home Started manufacturing of Heaters” along with wood and gas Lighting Systems” “Solar PV Modules” fired water heaters 2023 2022 2018 2014 Launched Tapi range of effic
Slide 8: Our Core Team
OUR CORE TEAM Chetan Shah Kalpesh Patel Piyush Chandak Anil Rathi Vipul Shah Kiran Shah Brijesh Khanna Chairman & MD Whole Time Director Executive Director Non-Executive Director Non-Executive Director Executive Director & CFO Sr. VP - Operations + Hailing from the renowned + Extensive Solar Industr
Slide 9: Business Overview
Business Overview 8
Slide 10: Business Synopsis
BUSINESS SYNOPSIS One of the oldest Engaged in OEM & ODM Operations include Turnkey Development process manufacturer of partnerships with Projects, spanning encompasses Design, “Solar Photovoltaic (PV) esteemed Indian and Residential Rooftop, Development, Testing, Modules” International entities for
Slide 11: Core Competencies & Principles
CORE COMPETENCIES & PRINCIPLES World-Class Facility Complying with Global Standards Excellence in Quality Fostering Creativity and Advancement Module Brand with a Strong Reputation Supporting Collaborative Prioritizing Customer Partnerships Needs Commitment to Social Impact & Upholding Integrity Pro
Slide 12: Global Facility (1/2)
GLOBAL FACILITY (1/2) Current Production Capacity: 700 MW Fully Automated and State-of-the-Art Production Facility Additional Capacity underway: 800 MW* *To be completed by H1’FY25 Equipped with an in-house Reliability Test Laboratory for comprehensive quality assurance Current Technology: P-Type Mo
Slide 13: Global Facility (2/2)
-th e-Ar t Fac ility Innovation -Dr ive GLOBAL FACILITY (2/2) of n Te - te Sta ch no log y Lean Manufacturing Six Sigma Emphasizing waste reduction and Employing data-driven methods to ongoing process enhancement for reduce defects and ensure consistent peak efficiency. high product quality. Advance
Slide 14: Products/Solutions
PRODUCTS/SOLUTIONS Series Solar Product Range: Other Products: Solar Water Pumps Solar Street Lights 1 2 3 Monofacial Bifacial Black Solar Modules (Up To 750Wp): Solex has the highest number of modules Ensuring maximum yield in all weather Demonstrating exceptional stability, Facilitating independen
Slide 15: Reliability Test Laboratory
RELIABILITY TEST LABORATORY Conduct thorough testing of solar PV Testing adheres to modules, evaluating An Integral and Adhering to the latest standards on par with their performance essential part of IEC 2021 standards, those of renowned under extreme our Expansive surpassing the industry laborator
Slide 16: Offering Solar Installations & Solutions
OFFERING SOLAR INSTALLATIONS & SOLUTIONS Solar Residential Rooftop Solar Industrial Rooftop Solar Power Plant Solar Water Pumps Solarizing Commercial Spaces Solar Car Port INVESTOR PRESENTATION * ABOVE IMAGES ARE FOR THE REPRESENTATION PURPOSE ONLY 15
Slide 17: Our Projects
OUR PROJECTS Govardhan Polyplast, Surat Canara Bank, Chandigarh Nilkanth Art & Craft (P) Ltd, Jodhpur JREDA Government Building, Jharkhand Buddha Smriti Park, Patna Inorbit Mall, Vadodara Shavya Geotex, Tadkeshwar INVESTOR PRESENTATION 16
Slide 18: SWOT Assessment
SWOT ASSESSMENT S W O T Established Brand Dependence on Government Policies Growing Demand for Renewable Intense Competition Built a strong reputation in the solar energy Changes in government policies related to Energy Competition from both established players and industry. renewable energy incenti
Slide 19: Catering Across Industries
CATERING ACROSS INDUSTRIES Government Real Estate Agriculture Manufacturing Banking Institutions Residential Societies Hospitality Healthcare Educational Institutes Transport & logistics Media & Entertainment Telecom & Communication INVESTOR PRESENTATION 18
Slide 20: Clientele (1/2)
CLIENTELE (1/2) INVESTOR PRESENTATION 19
Slide 21: Clientele (2/2)
CLIENTELE (2/2) INVESTOR PRESENTATION 20
Slide 22: Industry Overview
Industry Overview 21
Slide 23: Renewable Energy Industry (1/2)
RENEWABLE ENERGY INDUSTRY (1/2) India has limited conventional energy resources given its extensive India ranks as the world’s 3rd largest energy consuming nation. population and rapidly growing economy. The peak power demand in the country stood at 243.27 GW on November 30, 2023. Can harness the hu
Slide 24: Renewable Energy Industry (2/2)
RENEWABLE ENERGY INDUSTRY (2/2) Solar and wind energy currently contribute more than 50% of the total renewable capacity of the country India & Renewable Energy: ▪ India's energy demand is expected to increase more than that of any other country in the coming decades due to its sheer size and enormo
Slide 25: Solar Energy Industry (1/2)
SOLAR ENERGY INDUSTRY (1/2) The Indian solar energy market, especially solar panels, The Solar Energy Industry in India has seen a India's strategic location in the solar belt is set for substantial growth due to rising energy significant growth in recent years. (400 S to 400 N) makes it one of the
Slide 26: Solar Energy Industry (2/2)
SOLAR ENERGY Supportive INDUSTRY (2/2) Government policies: ❖ In November 2021, the Government of India, under the Atmanirbhar Bharat The installed solar power capacity has surged initiative, a PLI scheme has been introduced for Solar PV manufacturing, significantly, rising from 2.63 GW in March 201
Slide 27: Way Forward
Way Forward 26
Slide 28: Way Forward
WAY FORWARD Implementing Advanced/Latest Technology “N-Type TOPcon” Establishing new facilities equipped with the latest technology & upgrading existing facility to incorporate the latest technological features Expansion in existing infrastructure Expansion with additional infrastructure Exploring e
Slide 29: Financial Highlights
Financial Highlights 28
Slide 30: Key Performance Highlights
KEY PERFORMANCE HIGHLIGHTS Revenue from Operations EBITDA EBITDA Margin H2FY24 FY24 H2FY24 FY24 H2FY24 FY24 INR 2,729 Mn INR 3,659 Mn INR 197 Mn INR 284 Mn 7.2% 7.8% 93.4% YoY 126.3% YoY 108.5% YoY 150.9% YoY +52 bps YoY +76 bps YoY EBIT PBT PAT H2FY24 FY24 H2FY24 FY24 H2FY24 FY24 INR 166 Mn INR 220
Slide 31: Half Yearly Result Summary
HALF YEARLY RESULT SUMMARY (INR Mn) Particulars H2FY24 H1FY24 H2FY23 YoY% HoH% FY24 FY23 YoY% Revenue from Operations 2728.9 930.4 1,411.2 93.37 193.31 3659.2 1,617.1 126.28 Total Expenditure 2532.3 842.7 1,316.9 92.29 200.49 3375.1 1,503.9 124.42 EBITDA 196.5 87.6 94.3 108.46 124.28 284.1 113.2 150
Slide 32: Annual Income Statement
ANNUAL INCOME STATEMENT (INR Mn) Particulars FY21 FY22 FY23 FY24 Revenue from Operations 796.2 719.2 1,617.1 3659.2 Total Expenditure 762.8 700.6 1,503.9 3375.1 EBITDA 33.4 18.6 113.2 284.1 EBITDA Margin 4.19% 2.58% 7.00% 7.76% Other Income 2.8 3.7 26.8 20.9 Depreciation 2.6 2.5 45.3 84.6 EBIT 33.6
Slide 33: Annual Balance Sheet
ANNUAL BALANCE SHEET (INR Mn) (INR Mn) Particulars FY22 FY23 FY24 Particulars FY22 FY23 FY24 EQUITY & LIABILITIES ASSETS Shareholders' Fund 350.4 376.3 462.4 Non-Current Assets 266.4 580.6 604.4 Share Capital 80.0 80.0 80.0 Property, Plant & Equipment 6.3 544.7 543.3 Reserves & Surplus 270.4 296.3 3
Slide 34: Annexures
Annexures 33
Slide 35: Awards & Accolades
AWARDS & ACCOLADES 3rd Renewable India 500 Best Brand Gujarat Solar Asia Energy Tech NSE Emerge Energy Expo 2009 Winner 2021 Leadership Award Expo 2017 Listing Imagineers NSE SMERA NSE 1 3rd Energy Emerge Credit Rating Tech Exhibition 2016 INVESTOR PRESENTATION 34
Slide 36: Certifications
CERTIFICATIONS CEC IEC 61215-1 & 2 : 2016 R-72008125 E531180 ISO – 9001:2015 California ISO – 14001:2015 IEC 61730-1 & 2 : 2016 UL 61730-1 & 2 : 2017 CEC 300 : 2018 OHSAS – 45001:2018 IEC 61701 : 2020 IS 14286: 2010 Safety Qualification IS/IEC 61730-1: 2004 IEC 62804 : 2015 IS/IEC 61730-2: 2004 IEC
Slide 37: Let's Connect
Let’s Connect ® Solex Energy Limited KAPT I FY Consulting Strategy & Investor Relations | Consulting 301-303, Trinity Business Park, Near Madhuvan Circle, L. P. Savani Road, Pal, Surat – 395009, Gujarat. contact@kaptify.in / +91-845 288 6099 www.solex.in www.kaptify.in INVESTOR PRESENTATION