Alpex Solar Limited (NSE:ALPEXSOLAR)

Alpex Solar Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	23,474	22,233	7,802	4,126	1,947	1,656
Revenue Growth	116.60%	184.98%	89.08%	111.94%	17.59%	11.46%
Gross Profit Gross Profit Growth	4,593	4,345	1,765	626.02	273.65	188.58
Operating Income Operating Income Growth	3,028	2,957	1,172	338.63	95.69	39.99
Net Income Net Income Growth	1,990	2,015	834.78	290.89	37.38	2.01
Earnings Per Share EPS Growth	78.71	80.52	34.11	15.47	2.08	0.11
EPS Growth	54.18%	136.06%	120.49%	644.63%	1788.67%	-93.74%

Revenue by Geography

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	7,793	4,119	1,947	1,656
outside India outside India Growth	8.36	7.34	-	-
Total Total Growth	7,802	4,126	1,947	1,656

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	1,497	1,497	458.58	432.59	107.52	66.02
Total Debt Total Debt Growth	5,365	5,365	788.25	489.6	473.57	267
Net Cash (Debt) Net Cash Growth	-3,868	-3,868	-329.67	-57.02	-366.05	-200.98
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-152.96	-154.58	-13.47	-3.03	-20.34	-11.17

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	-1,156	688.37	-80.16	-68.53	-11.19
Capital Expenditures CapEx Growth	-	-3,269	-842.22	-116.73	-57.2	-13.23
Free Cash Flow Free Cash Flow Growth	-	-4,426	-153.85	-196.88	-125.73	-24.42
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	19.57%	19.54%	22.62%	15.17%	14.06%	11.39%
Operating Margin	12.90%	13.30%	15.02%	8.21%	4.92%	2.42%
Pretax Margin	11.74%	12.57%	14.40%	8.22%	2.72%	0.20%
Profit Margin	8.48%	9.06%	10.70%	7.05%	1.92%	0.12%
FCF Margin	-	-19.91%	-1.97%	-4.77%	-6.46%	-1.47%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 19, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	11.07	9.22	16.62	27.96	-	-
PS Ratio	0.91	0.84	1.78	1.97	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

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