Solex Energy (NSE:SOLEX) ROCE %: 69.32% (As of Mar. 2026)

What is Solex Energy ROCE %?

Solex Energy NSE:SOLEX -2.01% 85 ROCE % is 69.32% as of Mar. 2026. GuruFocus rates NSE:SOLEX with a GF Score™ of 85/100 and a GF Value™ of ₹3,961.16 (Possible Value Trap). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Solex Energy's annualized ROCE % for the quarter that ended in Mar. 2026 was 69.32%.

Solex Energy (NSE:SOLEX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Solex Energy ROCE % Related Terms

Solex Energy ROCE % Historical Data

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The historical data trend for Solex Energy's ROCE % 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.

Solex Energy ROCE % Chart

Solex Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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4.16

12.20

21.73

41.80

43.53

Solex Energy Quarterly Data
	Jul17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Dec24	Mar25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															52.46	42.94	18.47	23.53	69.32

85GF Score

Solex Energy Ltd NSE:SOLEX

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Solex Energy ROCE % Calculation

Solex Energy's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	1619.6	/	( ( (4802.508 - 2463.888)	+	(11813.54 - 6711.66) )	/ 2 )
	=	1619.6	/	( (2338.62	+	5101.88)	/ 2 )
	=	1619.6	/	3720.25
	=	43.53 %

Solex Energy's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	3536.44	/	( ( (0 - 0)	+	(11813.54 - 6711.66) )	/ 1 )
	=	3536.44	/	( ( 0	+	5101.88 )	/ 1 )
	=	3536.44	/	5101.88
	=	69.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 69.32% mean?

Solex Energy (NSE:SOLEX) has a ROCE % of 69.32% as of Mar. 2026.

Is Solex Energy's ROCE % too high?

Solex Energy's current ROCE % is 69.32%. The Semiconductors industry median ROCE % is 4.81. Solex Energy's value of 69.32% is 1342.7% above this industry median. Overall, Solex Energy has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Solex Energy's ROCE % compare to FSLR and NXT?

Solex Energy's ROCE % of 69.32% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.81. Solex Energy's value of 69.32% is 1342.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Semiconductors company?

The median ROCE % among Semiconductors companies is 4.81, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Solex Energy's current ROCE % of 69.32% is 1342.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median ROCE % is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solex Energy's current ROCE % is 69.32%. 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 ₹3,961.16, compared to a current price of ₹1,091.00 — trading 72.5% below its estimated fair value. The current ROCE % is 69.32% and 1342.7% above the Semiconductors industry median of 4.81. Solex Energy's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Solex Energy (NSE:SOLEX), the current ROCE % is 69.32% 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 ₹1,091.00 is trading 72.5% below its estimated GF Value™ of ₹3,961.16. GuruFocus considers Solex Energy to be Possible Value Trap.

Key valuation signals for NSE:SOLEX:

ROCE %: 69.32%
GF Value™: ₹3,961.16 vs. price of ₹1,091.00 (72.5% below fair value)
GF Score™: 85/100 with 3 warning signs
Industry Position: 1342.7% above the Semiconductors median

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:533257 BOM:532051 NSE:GGBL NSE:SOLARWORLD BOM:533644 NSE:APS BOM:526987 NSE:ZODIACSMN BOM:544354 BOM:504341 FSLR NXT SHSE:600438 NSE:WAAREEENER ENPH SHSE:688223 SHSE:688472 SZSE:002056 SHSE:688599 NSE:PREMIERENE

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.

85GF Score

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₹1,091.00

Price

₹3,961.16

GF Value

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