Solex Energy Ltd. · NSE:SOLEX
Solex Energy — H2 FY2025 Earnings Presentation
40 slides from Solex Energy's earnings presentation, May 27, 2025
Slide 1: Solex Energy Ltd. filing cover letter
Solex Energy Ltd. STOCK CODE ONSE Emerge SYMBOL SOLEX CIN: L40106G32014PLC081036 6NGRGY GST: 24AAVCS0328R1ZN May 27, 2025 To, The Manager National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), Mumbai – 400051 Symbol: SOLEX Sub.: Investor P
Slide 2: Solex Energy Limited Investor Presentation H2 & FY2025
SOLEX ENERGY LIMITED Investor Presentation H2 & FY2025 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 Financials & Updates 02 Business Overview 05 Industry Overview 03 Way Forward 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 Whole Time Director Non-Executive Director Non-Executive Director Executive Director & CFO President - Operations + Hailing from the renowned + Extensive Solar Ind
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) Fully Automated and State-of-the-Art Production Facility Current Production Capacity Equipped with an in-house Reliability Test Laboratory for comprehensive quality assurance 1.5 GW Existing Production Line – 700 MW (since Oct’22) Facility established since September 2022 and c
Slide 13: Global Facility (2/2)
-th e-Art Fa cility 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. Advanced
Slide 14: Products/Solutions (1/2)
PRODUCTS/SOLUTIONS (1/2) Range of Products Solar Product Range: Other Products: 1 2 3 4 5 Solar Street Lights Monofacial Bifacial Black Trans Tapi-R (Latest Addition) Solar Modules (Up To 750Wp): Solex has the highest number of modules Ensuring maximum yield in all weather Demonstrating exceptional
Slide 15: Products/Solutions (2/2)
PRODUCTS/SOLUTIONS (2/2) India's First Rectangular Cell Module Powered by N-Type TopCon Technology Engineered for Superior Energy Generation and Reliability High Output Performance Optimized for Harsh Environments Long-Term Durability & Assurance • Up to 625 Wp power output • ~80% bifacial rate for
Slide 16: 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 17: 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 16
Slide 18: Our Recent Projects (EPC)
OUR RECENT PROJECTS (EPC) Radhadarshan Petropack LLP (2.5 MW) Vatsalaya Paper Industries LLP (5.0 MW) Inorbit Mall (1.17 MW) Torrent Power Ltd (3.0 MW) Ankleshwar, Gujarat Kukarmunda, Gujarat Malad, Maharashtra Surat, Gujarat Sonali Dying Pvt Ltd (2.2 MW) Eminent Paper Industries (943 KW) Gagan Silk
Slide 19: 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 20: 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 19
Slide 21: Clientele (1/2)
CLIENTELE (1/2) INVESTOR PRESENTATION 20
Slide 22: Clientele (2/2)
CLIENTELE (2/2) INVESTOR PRESENTATION 21
Slide 23: Way Forward
Way Forward 22
Slide 24: Way Forward
WAY FORWARD Implementing Advanced/Latest Technology Expansion with additional infrastructure Exploring expansion into cell manufacturing “N-Type TOPcon” (Reach approximately 4.0 GW Capacity) (For 1.0 GW + 1.0 GW Capacity) Establishing new facilities equipped with the Aiming to reach a total producti
Slide 25: Vision 2030
VISION 2030 Advancing Solar Technology Positioning as a Fully “ Key element of Vision 2030 is the launch of the Tapi-R series, featuring N-Type TOPcon Technology and a & Scaling Operations Integrated Solar Company rectangular cell design. GROWTH ROADMAP Expansion of Module Manufacturing Capacity Fol
Slide 26: Performance Update & Financial Highlights
Performance Update & Financial Highlights 25
Slide 27: Key Business Highlights – H2 & FY25
KEY BUSINESS HIGHLIGHTS – H2 & FY25 HIGH-SPEED 800 MW LINE Commercial Production (800 MW) started at Tadkeshwar facility in March 2025, bringing total capacity to 1.5 GW. Designed for high-speed, precision-driven production, fully automated and tailored for mass production of N-Type, COMMISSIONED
Slide 28: Key Performance Highlights
KEY PERFORMANCE HIGHLIGHTS Total Income From Operations EBITDA EBITDA Margin H2 FY25 FY25 H2 FY25 FY25 H2 FY25 FY25 INR 3,917 Mn INR 6,658 Mn INR 514 Mn INR 767 Mn 13.1% 11.5% 42.8% YoY 80.9% YoY 144.5% YoY 151.5% YoY +546 bps YoY +323 bps YoY PBT PAT PAT Margin H2 FY25 FY25 H2 FY25 FY25 H2 FY25 FY2
Slide 29: Half Yearly Result Summary (Consolidated)
HALF YEARLY RESULT SUMMARY (CONSOLIDATED) (INR Mn) Particulars H2FY25 H1FY25 H2FY24 YoY% HoH% FY25 FY24 YoY% Revenue from Operations 3,891.3 2,730.9 2,728.9 42.6 42.5 6,622.2 3,659.2 81.0 Other Income 25.2 10.8 13.8 83.2 133.8 36.0 20.9 71.8 Total Income from Operations 3,916.5 2,741.7 2,742.6 42.8
Slide 30: Annual Income Statement (Consolidated)
ANNUAL INCOME STATEMENT (CONSOLIDATED) (INR Mn) Particulars FY22 FY23 FY24 FY25 Revenue from Operations 719.2 1,617.1 3,659.2 6,622.2 Other Income 3.7 26.8 20.9 36.0 Total Income from Operations 722.9 1,643.9 3,680.2 6,658.2 COGS 606.1 1,325.8 2,979.4 5,119.9 Employee Benefit Expenses 23.0 66.9 140.
Slide 31: Annual Balance Sheet (Consolidated)
ANNUAL BALANCE SHEET (CONSOLIDATED) (INR Mn) (INR Mn) Particulars FY23 FY24 FY25 Particulars FY23 FY24 FY25 EQUITY & LIABILITIES ASSETS Shareholders' Fund 376.3 462.4 1,606.3 Non-Current Assets 580.6 613.5 1,180.9 Share Capital 80.0 80.0 108.0 Property, Plant & Equipment 544.7 543.3 1,101.3 Reserves
Slide 32: Industry Overview
Industry Overview 31
Slide 33: 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 34: 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 35: 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 36: Solar Energy Industry (2/2)
SOLAR ENERGY Supportive INDUSTRY (2/2) Government policies: ❖ Ministry of New and Renewable Energy is implementing a ₹24,000 crore India's solar power sector has experienced a remarkable PLI scheme to boost GW-scale manufacturing of high-efficiency solar PV 3450% growth over the past decade, expandi
Slide 37: Annexures
Annexures 36
Slide 38: 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 37
Slide 39: 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 40: 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