1: Alpes Solar Ltd
Fundamental Strengths
Revenue & Growth: Alpex Solar delivered Y/Y revenue growth ~ 89.36% (FY2025) vs its 3-year CAGR of ~ 66.0%, showing accelerating sales momentum.
Profitability & Margins:
ROE for FY ending Mar-2025: ~ 38.57%, well above its 5-year average (~ 25.25%).
ROCE similarly strong: ~ 50.31% in latest year.
Low burden from interest: interest costs <1% of operating revenues.
Valuation Metrics:
Price-to-Earnings ≈ 25-30× in recent period.
Price-to-Book in double digits (~12×), but not wildly above peers’ upper ranges.
Financial Health: Low debt‐to‐equity, with interest coverage good.
Strong operating margins improving year on year.
Technical / Market Behaviour
Price Performance: Over the past year, Alpex Solar is up ~ 50%. From its 52-week low (~ Rs 495) to its highs and current price (~ Rs 1,280), it’s shown strong upward price swings.
Support & Resistance: 52-week high ~ Rs 1,449.70; low ~ Rs 495.
Moving averages trend: short-term technicals are mixed, some overbought signals, but the medium-term trend is generally bullish.
Risk Indicators: High valuation multiples (PE, PB) mean the stock may be sensitive to disappointments. Volatility is substantial: large upward moves, but also steep corrections. Good reward, but higher risk.
Trend & Momentum: The stock is forming higher highs / higher lows over the recent months.
Volume surges during upward moves, suggesting buying interest.
But near resistance at ~52-week high, so possible consolidation or pull-back ahead.
📈 Growth Stock : 2
Waaree Renewable Technologies
Fundamental Strengths
Recent Earnings & Order Book: Q1 FY26 revenues were up ~155%, profits rose ~206% Y/Y. Big growth in top & bottom lines.
Secured large orders: an LoA (Letter of Award) ≈ ₹1,252 crore for a major ground-mount solar project.
Financial Metrics & Strength:
Very low debt: Debt/EBITDA ~ 0.07. That’s almost negligible, helping financial stability.
Strong long-term growth: profit growth over 3-5 years is in the double/triple digits (CAGR).
Valuation Considerations: But Price-to-Book is high (≈ 23.7×), indicating premium pricing.
Technical / Market Behaviour
Support & Resistance Levels:
Key support zones identified around ₹1,083.95, and secondary near ₹975–₹1,000.
Resistance levels to watch: ~ ₹1,200; if breakout, further resistance near ~₹1,260-₹1,620.
Chart Patterns & Momentum: The stock is seen to be consolidating (forming a base), which often precedes breakouts.
Indicators like MACD, SMA/EMA crossovers, volatility squeeze are suggesting possibility of an upward move, but it’s not guaranteed.
Risk / Volatility: Given high valuation and recent sharp moves, pullbacks are likely if macro factors or margins disappoint.
Support zones are crucial: if price breaks below those major supports, downside risk increases.