Alpex Solar Ltd: Is It a Deep Value Opportunity?

Alpex Solar Ltd has a deep value score of 26/100 (rated Weak). This score is calculated from three components

• Earnings Score: 6/40 — measures PAT growth momentum across quarters
• Underperformance Score: 14/35 — how much the stock trails Nifty 500 (deeper underperformance = higher contrarian signal)
• Quality Score: 6/25 — operational quality (margins, revenue growth, valuation)

Alpex Solar Ltd's quarterly profit (PAT) growth trajectory

• Latest Quarter PAT Growth (QoQ): -2%
• Previous Quarter PAT Growth (QoQ): +3%
• 2 Quarters Ago PAT Growth (QoQ): +25%
• PAT Acceleration: -13.2pp (profits are decelerating)

Alpex Solar Ltd is underperforming the market despite improving earnings — this is the core deep value thesis

• 1-Year Return vs Nifty 500: -28%
• 6-Month Return vs Nifty 500: +5%
• 3-Month Return vs Nifty 500: -17%
• Yet average quarterly PAT growth is +9% — earnings are improving
• The market often takes time to re-rate stocks with improving fundamentals. This gap between price performance and earnings improvement is what deep value research seeks to identify.

Alpex Solar Ltd's earnings momentum is Decelerating — growth rate is slowing.

• PAT QoQ progression: +25% → +3% → -2% (2Q ago → 1Q ago → latest)
• Acceleration: -13.2pp
• PAT YoY Growth: +51%

Alpex Solar Ltd's valuation metrics

• Price-to-Earnings (PE): 9.9x
• Price-to-Book (PB): 3.6x
• PEG Ratio: 0.1x
• Margin of Safety: +279% (appears undervalued)

Alpex Solar Ltd's revenue and margin trends

• Latest Quarter Revenue Growth (QoQ): +4%
• Average Quarterly Revenue Growth: +22%
• Revenue Acceleration: -16.9pp
• Latest OPM Change: -0.7pp (margins contracting)
• Average OPM Change: -1.1pp
• Revenue YoY: +106%

Alpex Solar Ltd's trailing twelve month (TTM) performance

• TTM PAT: ₹202 Cr
• TTM PAT Growth: +100.0% YoY
• TTM Revenue: ₹2,000 Cr
• TTM Revenue Growth: +100.0% YoY
• TTM Operating Margin: 14.3%

Alpex Solar Ltd key facts

• Sector: Capital Goods - Electric General
• Market Cap: ₹2.0K Cr
• Rank in Capital Goods - Electric General: #5 by value score
• Overall rank among all deep value stocks: #125

Alpex Solar Ltd shows limited deep value signals currently — score is 26/100 (Weak). Monitor for improvement.

• Value Score: 26/100 (Weak)
• Earnings: Not accelerating
• 1Y Underperformance: -28% vs Nifty 500

Other deep value stocks in Capital Goods - Electric General

• Insolation Energy Ltd — Score 81/100, Very Strong, earnings accelerating
• Focus Lighting & Fixtures Ltd — Score 66/100, Strong, earnings accelerating
• Servotech Renewable Power System Ltd — Score 62/100, Strong, earnings accelerating
• V-Guard Industries Ltd — Score 59/100, Average, earnings accelerating

Capital Goods - Electric General deep value sector overview

• 5 deep value stocks in this sector
• Average value score: 59/100
• Avg PAT acceleration: +49.8pp
• Top pick: Insolation Energy Ltd

Deep value investing studies stocks that are underperforming the market despite showing improving fundamentals. The thesis is that the market has not yet recognized the earnings recovery, creating a potential valuation gap. It requires patience — recovery can take several quarters.

The deep value score (0-100) combines three factors:

- Earnings (0-40 pts): PAT growth across last 3 quarters, acceleration, and consecutive growth - Underperformance (0-35 pts): How much the stock trails Nifty 500 over 1Y, 6M, 3M (deeper underperformance = higher score) - Quality (0-25 pts): Revenue growth, margin trends, and valuation metrics (PEG, P/B)

Higher score indicates a stronger contrarian research signal.