Insolation Energy Ltd

Insolation Energy Ltd

₹ 1,813 3.79%
10 May - close price
About

Incorporated in 2015, Insolation Energy Ltd is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's 200 MW SPV Module manufacturing unit is located in Jaipur, spread over more than 60,000 Sq. ft area with the latest machinery.[1]

Key Points

Business segments[1]
i. Solar PV module manufacturing: 96.3% of FY22 revenue
ii. Solar Power Conditioning Unit (PCU) and Lead Acid Batteries trading: 3.27% of FY22 revenue

  • Market Cap 3,776 Cr.
  • Current Price 1,813
  • High / Low 1,877 / 118
  • Stock P/E 548
  • Book Value 25.8
  • Dividend Yield 0.00 %
  • ROCE 16.2 %
  • ROE 17.5 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.5%

Cons

  • Stock is trading at 70.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 28.4 to 35.2 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
106 116 116 143 143
98 107 107 139 135
Operating Profit 8 8 8 4 8
OPM % 7% 7% 7% 3% 6%
0 0 0 0 2
Interest 1 1 1 1 2
Depreciation 1 1 1 1 1
Profit before tax 6 6 6 2 7
Tax % 25% 26% 26% 25% 25%
5 5 5 2 5
EPS in Rs 18.20 3.05 3.05 0.75 2.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
88 163 215 259 286
81 150 202 246 274
Operating Profit 7 13 14 12 12
OPM % 8% 8% 6% 5% 4%
0 0 0 1 2
Interest 2 2 3 3 3
Depreciation 1 1 2 2 2
Profit before tax 5 9 9 8 9
Tax % 31% 26% 26% 26%
3 7 7 6 7
EPS in Rs 12.36 27.60 4.63 2.95 3.30
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 43%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 26%
TTM: -25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 1205%
Return on Equity
10 Years: %
5 Years: %
3 Years: 31%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 15 21 21
Reserves 6 13 7 28 33
12 21 29 40 41
6 14 16 16 37
Total Liabilities 26 50 67 104 132
8 10 9 8 7
CWIP 0 0 0 0 0
Investments 0 0 2 5 5
19 40 56 91 120
Total Assets 26 50 67 104 132

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 1 10 -20
-2 -4 -1 -0
-1 2 -3 30
Net Cash Flow 1 -0 6 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 34 22 28 35
Inventory Days 33 41 48 48
Days Payable 21 29 24 19
Cash Conversion Cycle 46 33 52 64
Working Capital Days 51 59 54 70
ROCE % 40% 28% 16%

Shareholding Pattern

Numbers in percentages

8 Recently
Oct 2022Mar 2023Sep 2023Mar 2024
69.84% 69.89% 69.95% 69.98%
0.06% 0.00% 0.04% 0.00%
0.19% 0.00% 0.00% 0.00%
29.90% 30.11% 30.01% 30.01%
No. of Shareholders 1,4898921,1451,431

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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