Alpex Solar Ltd vs Marine Electricals India Ltd Stock Comparison

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Last Updated on: May 26, 2026

Key Highlights

The Latest Trading Price of Alpex Solar Ltd is ₹ 963 as of 26 May 15:30 . The P/E Ratio of Alpex Solar Ltd changed from 28 on March 2024 to 16.6 on March 2025 . This represents a CAGR of -23.00% over 2 yearsThe P/E Ratio of Marine Electricals (India) Ltd changed from 62.7 on March 2021 to 56.3 on March 2025 . This represents a CAGR of -2.13% over 5 years The Market Cap of Alpex Solar Ltd changed from ₹ 813.25 crore on March 2024 to ₹ 1387 crore on March 2025 . This represents a CAGR of 30.61% over 2 yearsThe Market Cap of Marine Electricals (India) Ltd changed from ₹ 807.14 crore on March 2021 to ₹ 2165 crore on March 2025 . This represents a CAGR of 21.82% over 5 years The revenue of Alpex Solar Ltd for the Mar '26 is ₹ 675.96 crore as compare to the Dec '25 revenue of ₹ 649.03 crore. This represent the growth of 4.15% The revenue of Marine Electricals (India) Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 revenue of ₹ 213.92 crore. This represent the decline of -100% The ebitda of Alpex Solar Ltd for the Mar '26 is ₹ 92.87 crore as compare to the Dec '25 ebitda of ₹ 89.97 crore. This represent the growth of 3.22% The ebitda of Marine Electricals (India) Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 ebitda of ₹ 23.83 crore. This represent the decline of -100% The net profit of Alpex Solar Ltd changed from ₹ 1.06 crore to ₹ 53.27 crore over 8 quarters. This represents a CAGR of 608.91% The net profit of Marine Electricals (India) Ltd changed from ₹ 7.05 crore to ₹ 0 crore over 8 quarters. This represents a CAGR of -100.00% The Dividend Payout of Alpex Solar Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Dividend Payout of Marine Electricals (India) Ltd changed from 31.33 % on March 2021 to 10.09 % on March 2025 . This represents a CAGR of -20.28% over 5 years .

About Alpex Solar Ltd

Alpex Solar Limited, led by the founder Promoter, Mr. Ashwani Sehgal was originally incorporated on August 27, 1993 as a Private Limited Company as 'Alpex Exports Private Limited' with the Registrar of Companies, Chandigarh.
The name of Company got changed to 'Alpex Solar Private Limited' on September 07, 2017 at Delhi.
Thereafter, the Company got converted from a Private Limited Company to Public Limited Company, the name changed to 'Alpex Solar Limited' and a Fresh Certificate of Incorporation dated September 01, 2023 was issued by Registrar of Companies, Delhi. Alpex Solar is a Nodia-based Solar Photovoltaic (PV) module manufacturer in North India.
The PV modules are manufactured using monocrystalline and polycrystalline cell technologies.
The Company provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of DC/AC Solar Pumps.

About Marine Electricals (India) Ltd

Late Mr. Krishnappa Uchil had started a business via a Proprietary concern in the year 1978, which was engaged in the manufacturing of Switch Gears for the Indian Navy.
After he expired in the year 2004, the running business of Proprietary firm has been taken over by his family members via M/s Marine Electricals (a Partnership Firm).
Later, the said Partnership Firm was converted to a Private Company as 'Marine Electricals (India) Private Limited' on December 04, 2007.
The status changed to public Company and the name of the Company was changed to Marine Electricals (India) Limited on August 01, 2018. With the establishment of Goa Plant, the Company is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc.

FAQs for the comparison of Alpex Solar Ltd and Marine Electricals (India) Ltd

Which company has a larger market capitalization, Alpex Solar Ltd or Marine Electricals (India) Ltd?

Market cap of Alpex Solar Ltd is 2,512 Cr while Market cap of Marine Electricals (India) Ltd is 3,330 Cr

What are the key factors driving the stock performance of Alpex Solar Ltd and Marine Electricals (India) Ltd?

The stock performance of Alpex Solar Ltd and Marine Electricals (India) Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Alpex Solar Ltd and Marine Electricals (India) Ltd?

As of May 26, 2026, the Alpex Solar Ltd stock price is INR ₹983.6. On the other hand, Marine Electricals (India) Ltd stock price is INR ₹238.02.

How do dividend payouts of Alpex Solar Ltd and Marine Electricals (India) Ltd compare?

To compare the dividend payouts of Alpex Solar Ltd and Marine Electricals (India) Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.