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 ₹ 5,630 Cr.
- Current Price ₹ 256
- High / Low ₹ 475 / 204
- Stock P/E 55.3
- Book Value ₹ 8.14
- Dividend Yield 0.00 %
- ROCE 47.8 %
- ROE 68.5 %
- Face Value ₹ 1.00
Pros
- Company's working capital requirements have reduced from 57.4 days to 42.3 days
Cons
- Stock is trading at 30.7 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
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 | TTM | |
---|---|---|---|---|
215 | 279 | 737 | 1,071 | |
201 | 261 | 656 | 939 | |
Operating Profit | 14 | 19 | 81 | 132 |
OPM % | 6% | 7% | 11% | 12% |
0 | 1 | 4 | 3 | |
Interest | 3 | 3 | 10 | 8 |
Depreciation | 2 | 2 | 7 | 8 |
Profit before tax | 9 | 14 | 68 | 119 |
Tax % | 26% | 23% | 18% | |
7 | 11 | 55 | 102 | |
EPS in Rs | 0.46 | 0.51 | 2.66 | 4.88 |
Dividend Payout % | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 142% |
Compounded Profit Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 382% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 15% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 69% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|
Equity Capital | 15 | 21 | 21 | 21 |
Reserves | 7 | 32 | 88 | 149 |
31 | 68 | 96 | 69 | |
16 | 38 | 58 | 130 | |
Total Liabilities | 70 | 159 | 263 | 368 |
9 | 38 | 46 | 77 | |
CWIP | 2 | 0 | 1 | 0 |
Investments | 0 | 0 | 5 | 6 |
58 | 121 | 210 | 284 | |
Total Assets | 70 | 159 | 263 | 368 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|
9 | -1 | 61 | |
-3 | -29 | -17 | |
2 | 45 | -9 | |
Net Cash Flow | 8 | 15 | 35 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|
Debtor Days | 28 | 37 | 26 |
Inventory Days | 48 | 75 | 44 |
Days Payable | 24 | 33 | 23 |
Cash Conversion Cycle | 52 | 78 | 48 |
Working Capital Days | 53 | 77 | 42 |
ROCE % | 20% | 48% |
Documents
Announcements
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Board Meeting Intimation for Prior Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015
16 May - Board meeting on 26 May to approve FY25 results and consider dividend; trading window closed till 28 May.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Monitoring Agency Report confirms proper utilization of Rs.395.19 crore from preferential equity issue for quarter ended March 31, 2025.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Insolation Energy confirms non-applicability of SEBI Large Corporate criteria as of 31 March 2025.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Investment In Wholly Owned Subsidiary Company
24 Apr - Rs. 250.75 Cr invested in wholly owned solar PV subsidiary via rights issue at Rs. 3,100/share.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Incorporation Of Subsidiary Of The Company
22 Apr - Insolation Energy incorporates MGVI Green Infra Three Pvt Ltd for solar power projects, holding 60% equity.
Market Position
The company is the 2nd largest North Indian manufacturer of solar panels, batteries, and inverters based in Jaipur, Rajasthan. [1]