Insolation Energy Ltd
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]
- Market Cap ₹ 4,817 Cr.
- Current Price ₹ 219
- High / Low ₹ 475 / 206
- Stock P/E 38.2
- Book Value ₹ 28.0
- Dividend Yield 0.00 %
- ROCE 34.6 %
- ROE 34.8 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
Cons
- Stock is trading at 7.81 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.76%
* 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
215 | 279 | 737 | 1,334 | |
201 | 261 | 656 | 1,173 | |
Operating Profit | 14 | 19 | 81 | 161 |
OPM % | 6% | 7% | 11% | 12% |
0 | 1 | 4 | 9 | |
Interest | 3 | 3 | 10 | 7 |
Depreciation | 2 | 2 | 7 | 9 |
Profit before tax | 9 | 14 | 68 | 154 |
Tax % | 26% | 23% | 18% | 18% |
7 | 11 | 55 | 126 | |
EPS in Rs | 0.46 | 0.51 | 2.66 | 5.73 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 84% |
TTM: | 81% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 163% |
TTM: | 129% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -33% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 40% |
Last Year: | 35% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Equity Capital | 15 | 21 | 21 | 22 |
Reserves | 7 | 32 | 88 | 594 |
31 | 68 | 96 | 108 | |
16 | 38 | 58 | 123 | |
Total Liabilities | 70 | 159 | 263 | 847 |
9 | 38 | 46 | 77 | |
CWIP | 2 | 0 | 1 | 46 |
Investments | 0 | 0 | 5 | 50 |
58 | 121 | 210 | 674 | |
Total Assets | 70 | 159 | 263 | 847 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
9 | -1 | 61 | 113 | |
-3 | -29 | -17 | -554 | |
2 | 45 | -9 | 394 | |
Net Cash Flow | 8 | 15 | 35 | -46 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Debtor Days | 28 | 37 | 26 | 30 |
Inventory Days | 48 | 75 | 44 | 26 |
Days Payable | 24 | 33 | 23 | 24 |
Cash Conversion Cycle | 52 | 78 | 48 | 32 |
Working Capital Days | 16 | 31 | 9 | 2 |
ROCE % | 20% | 48% | 35% |
Documents
Announcements
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Grant Of Options To The Eligible Employees Under - Insolation Energy Employee Stock Option Plan 2024 ('ESOP 2024'/'Plan')
14 Aug - Grant of 23,000 ESOPs at Rs.3.80 post stock split; cancellation of 47,500 options approved.
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Appointment Of Secretarial Auditor
14 Aug - Appointed Bhawika Ramnani & Co. as Secretarial Auditor for FY 2025-26 to 2029-30.
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Intimation Of Statement Of Deviation Or Variation Under Regulation 32(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
14 Aug - No deviation in utilization of preferential issue proceeds for quarter ended June 30, 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Aug - Monitoring agency report confirms no deviation in utilization of Rs.395.19 crore preferential issue proceeds.
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Board Meeting Outcome for Disclosure Under Regulation 30 And Other Applicable Regulations Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations'): Outcome Of The Board Meeting
14 Aug - Board approved migration from BSE SME to main board and direct NSE main board listing.
Annual reports
Concalls
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Jun 2025Transcript PPT REC
Market Position
The company is the 2nd largest North Indian manufacturer of solar panels, batteries, and inverters based in Jaipur, Rajasthan. [1]