Analysis published 26 Sep 2026

AI-generated · cited to primary sources · not investment advice

Alpex Solar (ALPEXSOLAR) Feb 2026 Filing Analysis

01 · Management Credibility

Does management do what it says?

RevisedReturn on Capital Employed (ROCE)
50/100

Funding for the broader cell project was clarified as a mix of internal accruals and term debt. Of the Rs. 825 crore total project cost, Rs. 425 crore was to come from internal accruals and Rs. 400 crore from debt, materially larger than the previously indicated small-loan framework. (1 revised across 1 tracked commitment)

“This entire project cost for solar cell... is Rs. 825 crores. So, out of Rs. 825 crores we have plan of raising term loan... Rs. 400 crores only and balance Rs. 425 crores is coming from internal accruals resources.”

Alpex Solar · Concall Transcript · Feb 2026 · p.16

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