Solar Company Welcomes Cricket Legend Rahul Dravid As Its First Brand Ambassador
The stock gave multibagger returns of 268 per cent from its 52-week low of Rs 235 per share.
Alpex Solar Ltd, a prominent player in the solar energy sector renowned for its high-quality PV modules and comprehensive solar systems, has today announced a significant partnership. The company has welcomed Indian cricketing legend Rahul Dravid as its inaugural brand ambassador. A revered figure in Indian cricket, Dravid, a former captain and head coach of the national team, is celebrated for his exceptional adaptability and unwavering resilience throughout his illustrious career. His extensive experience, encompassing 164 Test matches, 344 ODIs, and a solitary T20, along with his remarkable achievement as the head coach of the 2024 ICC Men's T20 World Cup-winning team, solidifies his status as a respected and admired personality. This association with Dravid aligns perfectly with Alpex Solar's ambitious expansion plans, which include a substantial increase in PV solar module capacity to 2.4 GW and a significant boost in aluminium frame production to 12,000 tonnes. Furthermore, the company is strategically venturing into solar cell manufacturing with an impressive target of 1.6 GW capacity by September 2026.
Alpex Solar is also actively exploring global opportunities in EPC (Engineering, Procurement, and Construction) and the burgeoning green hydrogen sector. In his role as brand ambassador, Mr Dravid will be instrumental in championing Alpex Solar's initiatives to raise awareness about the importance of renewable energy and encourage a widespread transition to solar power. His significant influence and widespread appeal are expected to significantly enhance the company's reach, enabling Alpex Solar to connect with a diverse audience, encompassing environmentally conscious homeowners, large enterprises seeking to minimize their carbon footprint, and other key stakeholders. This collaboration promises to bolster Alpex Solar's position as a leading force in the renewable energy sector and drive significant progress towards a sustainable future.
Speaking on the association, Rahul Dravid, an Indian cricketing legend, said “I am happy to be a part of Alpex Solar's journey. What connects us is the company's strong vision for a sustainable future and its commitment to excellence over the past two decades. I look forward to this partnership and contributing to its vision.”
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About the Company
Alpex Solar, founded in 1993 by the Sehgal family, specializes in manufacturing high-quality solar PV modules using advanced technologies like monocrystalline and polycrystalline cells. Their product range includes innovative solutions such as bifacial, mono-perc, and Halfcut modules. With a strong focus on customer satisfaction, Alpex also provides comprehensive solar energy solutions, including EPC services for AC/DC Solar Pumps and acting as a contract manufacturer for prominent companies like Jakson and Tata Power. Their solar panels are specifically designed to meet the needs of major EPC players such as Solarworld Energy Solutions and BVG India Limited. In 2007, Alpex established a cutting-edge manufacturing facility spanning 150,000 sq. ft. in Greater Noida. Currently boasting an 848 MW production capacity (as per MNRE notification), this can be significantly expanded to 2.4 GW.
According to the half-yearly results, the net sales (including other income) increased by 30 per cent to Rs 265.66 crore and net profit increased by 150 per cent to Rs 25.07 crore in H1FY25 compared to H1FY24. In FY24, net sales increased by 112 per cent to Rs 412.60 crore and net profit increased by 611 per cent to Rs 26.56 crore compared to FY23.
The company has a market cap of over Rs 2,000 crore with an ROE of 26 per cent and an ROCE of 27 per cent. The stock gave multibagger returns of 268 per cent from its 52-week low of Rs 235 per share. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.