Multibagger Solar Company Commissioned Advance 800 MW HighSpeed Manufacturing Line Featuring N-Type TOPcon Rectangular Cell-Based Modules
The stock is up 93 per cent from its 52-week low of Rs 480.80 and gave multibagger returns of 3,900 per cent in 5 years.
Solex Energy Limited, a leading solar brand in India, has launched a state-of-the-art 800 MW manufacturing line. This facility utilizes cutting-edge technology, including AI and AOI, for high-speed, precision-driven production of N-Type, rectangular cell Tapi-R series modules ranging from 585 Wp to 625 Wp. The line boasts India's largest chamber laminators and operates 30% faster than other domestic production lines, significantly improving efficiency and reducing lead times. The Tapi-R series, named after the Tapi River, features 182.2 x 210 mm cells, 132 half-cut cells, and N-Type TOPcon technology, achieving up to 625 Wp with 23.14% efficiency. These modules are designed for harsh environments, offering an ~80% bifacial rate and a -0.28%/°C power temperature coefficient. Pre-booking is now available, with a 12-year product warranty and a 30-year linear performance guarantee.
This new facility marks a significant step in Solex's Vision 2030, which includes plans for a new 2 GW (scalable to 5 GW) cell manufacturing facility and an increase in module manufacturing capacity from 1.5 GW to 15 GW. This expansion reinforces Solex's commitment to becoming a fully integrated solar player and contributing to India's clean energy targets. By focusing on advanced manufacturing, automation, and high-efficiency modules, Solex aims to strengthen India's solar manufacturing ecosystem and serve global markets.
Headquartered in Surat, Solex Energy has been a pioneer in sustainable energy since 1995. As the first Indian solar brand listed on NSE Emerge (stock code: SOLEX), Solex is renowned for producing high-end photovoltaic modules at competitive prices and offering comprehensive EPC services. Our global factory in Tadkeshwar, Gujarat, has a 1.5 GW production PV module manufacturing capacity. Solex holds key certifications for domestic and international markets and exports to several countries. As a trusted OEM provider, we serve internationally recognised brands. Built upon our core values of consistency, quality, and commitment, we transcend being merely a solar company to become your trusted partner in fulfilling your PV module and EPC requirements.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
According to half-yearly results, the net sales increased by 194 per cent to Rs 273.09 crore and net profit increased by 1,698 per cent to Rs 13.08 crore in H1FY25 compared to H1FY24. In its annual results, the net sales increased by 126 per cent to Rs 365.92 crore and net profit increased by 222 per cent to Rs 8.73 crore in FY24 compared to FY23.
Furthermore, shares of the company ex-traded bonus shares in the ratio of 1:4. This means that for every 4 existing fully paid-up equity shares of Rs 10 each held by the eligible shareholders as of the Record Date, they will receive 1 new fully paid-up equity share of Rs 10 each. The ex-date for bonus shares was Friday, September 20, 2024.
The company have a market cap of over Rs 900 crore. The stock is up 93 per cent from its 52-week low of Rs 480.80 and gave multibagger returns of 3,900 per cent in 5 years. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.