Alpex Solar (NSE:ALPEXSOLAR) Debt-to-Equity: (As of Jun. 2026)

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NSE:ALPEXSOLAR Alpex Solar Ltd NSE:ALPEXSOLAR
62 GF Score
Price ₹880.25
GF Value ₹3,165.78
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Alpex Solar Debt-to-Equity?

Alpex Solar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹ Mil. Alpex Solar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹ Mil. Alpex Solar's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹ Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Alpex Solar's Debt-to-Equity or its related term are showing as below:

NSE:ALPEXSOLAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21   Med: 0.54   Max: 1.13
Current: 0.96

During the past 6 years, the highest Debt-to-Equity Ratio of Alpex Solar was 1.13. The lowest was 0.21. And the median was 0.54.

NSE:ALPEXSOLAR's Debt-to-Equity is ranked worse than
84.96% of 911 companies
in the Semiconductors industry
Industry Median: 0.24 vs NSE:ALPEXSOLAR: 0.96

Alpex Solar  (NSE:ALPEXSOLAR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Alpex Solar Debt-to-Equity Related Terms

Alpex Solar Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Alpex Solar's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Alpex Solar Debt-to-Equity Chart

Alpex Solar Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial 0.71 1.14 0.37 0.36 0.96

Alpex Solar Quarterly Data
Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial - 0.37 - 0.96 -

NSE:ALPEXSOLAR vs FSLR, NXT, ENPH: Debt-to-Equity Comparison

For the Solar subindustry, Alpex Solar's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Alpex Solar Debt-to-Equity vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Alpex Solar's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Alpex Solar's Debt-to-Equity falls into.


NSE:ALPEXSOLAR
62GF Score
Alpex Solar Ltd NSE:ALPEXSOLAR
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alpex Solar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alpex Solar's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(2495.081 + 2870.088) / 5617.997
=0.95

Alpex Solar's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=( + ) /
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Alpex Solar (NSE:ALPEXSOLAR) Overvalued in 2026?

Based on GuruFocus' analysis, Alpex Solar stock appears to be undervalued. The current stock price of ₹880.25 is trading 72.2% below its estimated GF Value™ of ₹3,165.78. GuruFocus considers Alpex Solar to be Possible Value Trap.

Key valuation signals for NSE:ALPEXSOLAR:

  • Debt-to-Equity:
  • GF Value™: ₹3,165.78 vs. price of ₹880.25 (72.2% below fair value)
  • GF Score™: 62/100 with 3 warning signs

No single metric tells the full story. See the NSE:ALPEXSOLAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Alpex Solar Business Description

Address Plot No. I-25-26, Site 5, Surajpur Industrial Area, Gautam Buddha Nagar, Kasna, Greater Noida, UP, IND, 201306
Alpex Solar Ltd is a solar photovoltaic (PV) module manufacturer in India. Its PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. The company portfolio of solar energy products consists of bifacial, mono PERC, Halfcut solar PV modules, and also provides integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories. Geographically, the company generates the majority of its revenue from India.
62GF Score

Get the complete analysis for NSE:ALPEXSOLAR

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹880.25
Price
₹3,165.78
GF Value