Insolation Energy Ltd

Insolation Ener Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Insolation Energy Ltd

₹ 128 -3.79%
09 Jan - close price
insolationenergy.in BSE - SME: 543620
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

Market Position
The company is the 2nd largest North Indian manufacturer of solar panels, batteries, and inverters based in Jaipur, Rajasthan. [1]

Website BSE
  • Market Cap ₹ 2,828 Cr.
  • Current Price ₹ 128
  • High / Low ₹ 333 / 116
  • Stock P/E 42.0
  • Book Value ₹ 20.0
  • Dividend Yield 0.08 %
  • ROCE 3.26 %
  • ROE 2.07 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 6.42 times its book value
  • The company has delivered a poor sales growth of 5.01% over past five years.
  • Company has a low return on equity of 4.25% over last 3 years.
  • Debtor days have increased from 54.2 to 104 days.
  • Working capital days have increased from 34.5 days to 69.2 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.

Peer comparison

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
106 116 116 143 143 372 56 707 65
98 107 107 139 135 316 54 626 59
Operating Profit 8 8 8 4 8 56 1 81 6
OPM % 7% 7% 7% 3% 6% 15% 2% 11% 9%
0 0 0 0 2 0 1 2 4
Interest 1 1 1 1 2 4 1 4 1
Depreciation 1 1 1 1 1 3 1 4 1
Profit before tax 6 6 6 2 7 49 1 75 8
Tax % 25% 26% 26% 25% 25% 11% 11% 17% 25%
5 5 5 2 5 43 1 62 6
EPS in Rs 1.82 0.31 0.31 0.08 0.26 2.09 0.06 2.79 0.26
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
88 163 215 259 229 113 772
81 150 202 246 225 112 685
Operating Profit 7 13 14 12 4 1 87
OPM % 8% 8% 6% 5% 2% 1% 11%
0 0 0 1 4 9 6
Interest 2 2 3 3 3 2 5
Depreciation 1 1 2 2 1 1 5
Profit before tax 5 9 9 8 4 7 82
Tax % 31% 26% 26% 26% 28% 27%
3 7 7 6 3 5 67
EPS in Rs 1.24 2.76 0.46 0.30 0.14 0.23 3.05
Dividend Payout % 0% 0% 0% 0% 0% 44%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: -19%
TTM: 81%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: -10%
TTM: 50%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 130%
1 Year: -59%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 4%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 2 2 15 21 21 22 22
Reserves 6 13 7 28 30 416 418
12 21 29 40 34 24 31
6 14 16 16 10 20 53
Total Liabilities 26 50 67 104 95 483 524
8 10 9 8 7 9 35
CWIP 0 0 0 0 0 0 0
Investments 0 0 2 5 8 79 328
19 40 56 91 80 395 161
Total Assets 26 50 67 104 95 483 524

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 1 10 -20 29 -16
-2 -4 -1 -0 -23 -373
-1 2 -3 30 -5 372
Net Cash Flow 1 -0 6 10 1 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 34 22 28 35 23 104
Inventory Days 33 41 48 48 27 87
Days Payable 21 29 24 19 15 57
Cash Conversion Cycle 46 33 52 64 35 134
Working Capital Days 23 29 17 42 -7 69
ROCE % 40% 28% 16% 8% 3%

Shareholding Pattern

Numbers in percentages

Oct 2022Mar 2023Sep 2023Mar 2024Sep 2024Dec 2024Mar 2025Sep 2025
69.84% 69.89% 69.95% 69.98% 70.04% 66.22% 66.01% 66.10%
0.06% 0.00% 0.04% 0.00% 0.59% 1.36% 0.94% 0.79%
0.19% 0.00% 0.00% 0.00% 0.00% 0.15% 0.42% 0.55%
29.90% 30.11% 30.01% 30.01% 29.37% 32.27% 32.63% 32.55%
No. of Shareholders 1,4898921,1451,4312,9423,8685,27110,275

* 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.

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Documents

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