Solex Energy (NSE:SOLEX) Interest Expense: ₹-254 Mil (TTM As of Mar. 2026)

What is Solex Energy Interest Expense?

Solex Energy NSE:SOLEX -0.80% 83 Interest Expense is ₹-254 Mil as of Mar. 2026. GuruFocus rates NSE:SOLEX with a GF Score™ of 83/100 and a GF Value™ of ₹3,988.10 (Possible Value Trap). The stock has 3 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solex Energy's interest expense for the three months ended in Mar. 2026 was ₹ -102 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-254 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Solex Energy's Operating Income for the three months ended in Mar. 2026 was ₹ 880 Mil. Solex Energy's Interest Expense for the three months ended in Mar. 2026 was ₹ -102 Mil. Solex Energy's Interest Coverage for the quarter that ended in Mar. 2026 was 8.64. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Solex Energy (NSE:SOLEX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Solex Energy's Interest Expense for the three months ended in Mar. 2026 was ₹-102 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₹880 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₹2,508 Mil.

Solex Energy's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2026 )	/	Interest Expense (Q: Mar. 2026 )
	=	-1	*	879.9	/	-101.88
	=	8.64

* 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.

The higher the ratio, the stronger the company's financial strength is.

Solex Energy Interest Expense Historical Data

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The historical data trend for Solex Energy's Interest Expense can be seen below:

Solex Energy Interest Expense Chart

Solex Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Interest Expense

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-5.23

-46.54

-83.73

-129.16

-308.37

Solex Energy Quarterly Data
	Jul17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Dec24	Mar25	Sep25	Dec25	Mar26
Interest Expense	Get a 7-Day Free Trial															-28.93	-49.97	-58.85	-93.52	-101.88

83GF Score

Solex Energy Ltd NSE:SOLEX

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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Solex Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-254 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of ₹-254 Mil mean?

Solex Energy (NSE:SOLEX) has a Interest Expense of ₹-254 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Solex Energy and its competitors.

Is Solex Energy's Interest Expense too high?

Solex Energy's current Interest Expense is ₹-254 Mil. Overall, Solex Energy has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Solex Energy's Interest Expense compare to FSLR and NXT?

Solex Energy's Interest Expense of ₹-254 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for a Semiconductors company?

A good Interest Expense depends on the Semiconductors industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Solex Energy and its competitors. Solex Energy's current Interest Expense is ₹-254 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Solex Energy stock overvalued right now?

Based on GuruFocus' analysis, Solex Energy (NSE:SOLEX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹3,988.10, compared to a current price of ₹998.00 — trading 75% below its estimated fair value. The current Interest Expense is ₹-254 Mil. Solex Energy's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Solex Energy (NSE:SOLEX), the current Interest Expense is ₹-254 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Solex Energy (NSE:SOLEX) Overvalued in 2026?

Based on GuruFocus' analysis, Solex Energy stock appears to be undervalued. The current stock price of ₹998.00 is trading 75% below its estimated GF Value™ of ₹3,988.10. GuruFocus considers Solex Energy to be Possible Value Trap.

Key valuation signals for NSE:SOLEX:

Interest Expense: ₹-254 Mil
GF Value™: ₹3,988.10 vs. price of ₹998.00 (75% below fair value)
GF Score™: 83/100 with 3 warning signs

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

Solex Energy Business Description

Industry Technology Semiconductors

Comparable Companies BOM:532051 NSE:SOLARWORLD NSE:GGBL BOM:533257 NSE:APS BOM:533644 BOM:526987 NSE:ZODIACSMN BOM:544354 BOM:538786 FSLR NXT NSE:WAAREEENER SHSE:600438 SZSE:002056 SHSE:688223 ENPH SHSE:688472 NSE:PREMIERENE SHSE:688599

Address Opposite R.T.O Pal, 8th Floor, 801-812, Rio Empire, Surat, GJ, IND, 395009

Website https://www.solex.in

Solex Energy Ltd is a manufacturer of solar photovoltaic modules and is also engaged in the business of Engineering, Procurement, and Construction (EPC) in the solar energy market, where the manufactured modules are utilized. Its products are Tapi R, Tapi Trans, Tapi Series, Tapi Black, and Ganga.

83GF Score

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

₹998.00

Price

₹3,988.10

GF Value

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