Is Alpex Solar the Best Stock in Its Sector? A Look at the Numbers
- October 16, 2026
- Posted by: Kunal Singla
- Category: Market
Alpex Solar CMP Rs 778 (16 Oct 2026). Market cap Rs 1,987 Cr. ROE 35.87%. P/E 9.93x versus Industry P/E 45.89x.
Quick Answer
Alpex Solar is one of the names investors compare when screening the Electricals sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Alpex Solar the best stock in its sector? The stock trades on the NSE at Rs 778 as of 16 October 2026, within its 52-week range of Rs 660.00 to Rs 1,319.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About Alpex Solar
Alpex Solar Ltd is a solar photovoltaic module manufacturer. It sells modules to developers and channel partners, and it has been expanding manufacturing capacity to serve rising domestic solar demand. At a market capitalisation of Rs 1,987 Cr, it is tracked as part of the Electricals sector on Univest.
Is Alpex Solar the Best Stock in Its Sector?
Alpex Solar makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Alpex Solar’s 9.93x P/E is below the 45.89x Industry P/E, Premier Energies at 24.70x and Vikram Solar at 14.89x, while its 35.87% ROE is higher than Premier Energies at 35.05% and Vikram Solar at 14.85%, and its debt to equity ratio of 0.95 is above Premier Energies at 0.86 and Vikram Solar at 0.20.
| Metric | Alpex Solar |
|---|---|
| CMP (NSE) | Rs 777.75 |
| 52-Week High / Low | Rs 1,319.00 / Rs 660.00 |
| Market Cap | Rs 1,987 Cr |
| P/E (TTM) vs Industry P/E | 9.93x vs 45.89x |
| P/B | 3.75 |
| ROE | 35.87% |
| EPS (TTM) | Rs 78.33 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.95 |
Compare Alpex Solar Against Other Electricals Sector Stocks
How Alpex Solar Compares Against Its Electricals Sector Peers
The table below sets Alpex Solar against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Alpex Solar | 1,987 | 9.93 | 35.87% | 0.95 |
| Premier Energies | 41,337 | 24.70 | 35.05% | 0.86 |
| Vikram Solar | 5,316 | 14.89 | 14.85% | 0.20 |
| Peer average (2 companies) | – | 19.80 | 24.95% | 0.53 |
Measured against the peer averages, Alpex Solar’s P/E is 50 percent below the 19.80x average, and its ROE is 10.92 percentage points above the 24.95% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes Alpex Solar Worth Watching in Electricals
- Scale: At Rs 1,987 Cr, its market capitalisation is smaller than Premier Energies (Rs 41,337 Cr) and Vikram Solar (Rs 5,316 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Rising solar installations in India and policy support for domestic manufacturing influence its order book and utilisation.
- Key risk: A debt to equity of 0.95 and a share price well below its 52-week high suggest that financing needs and price competition deserve attention.
Alpex Solar Valuation: Is It Justified?
At a P/B ratio of 3.75, the market pays about Rs 3.75 for every rupee of book value, and the EPS (TTM) of Rs 78.33 is the earnings base behind the P/E. The stock trades about 41 percent below its 52-week high and about 18 percent above its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Alpex Solar and other Electricals sector stocks.
How to Track Alpex Solar Before You Invest
Before deciding whether Alpex Solar deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.
- Open the Univest Screener and search for Alpex Solar to view live price, valuation ratios, and peer comparisons within the Electricals sector.
- Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Alpex Solar gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Electricals depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Alpex Solar the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Alpex Solar has a 35.87% ROE and trades at 9.93x P/E against a 45.89x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 24.95% peer average and its P/E is below the 19.80x peer average. Its debt to equity ratio of 0.95 is above the 0.53 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of Alpex Solar?
Ans. Alpex Solar was trading at Rs 777.75 on the NSE as of 16 October 2026, and its 52-week range runs from Rs 660.00 to Rs 1,319.00. That leaves the share price 41 percent short of the 52-week high and 18 percent clear of the 52-week low. Its market capitalisation is Rs 1,987 Cr and its EPS (TTM) is Rs 78.33, which is the earnings figure behind the 9.93x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does Alpex Solar belong to?
Ans. Alpex Solar is classified under the Electricals sector on Univest, and that group of listed companies is the reference point for the 45.89x Industry P/E used in this article. The 2 named peers compared here are Premier Energies and Vikram Solar, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Electricals sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does Alpex Solar compare to its sector peers on P/E?
Ans. Alpex Solar’s P/E of 9.93x is below the 19.80x average of the 2 named peers, with Premier Energies at 24.70x and Vikram Solar at 14.89x. It also sits below the 45.89x Industry P/E, which is the benchmark for the wider Electricals sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 3.75 gives one more view of how the market values its book value.
What is Alpex Solar’s return on equity?
Ans. Alpex Solar reported a return on equity of 35.87%, which is above the 24.95% average of its named peers, with Premier Energies at 35.05% and Vikram Solar at 14.85%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.95 against a peer average of 0.53. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in Alpex Solar based on its sector position?
Ans. Sector position is only one input into an investment decision. Alpex Solar has a 35.87% ROE and a 9.93x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
