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 ₹ 4,951 Cr.
- Current Price ₹ 225
- High / Low ₹ 475 / 207
- Stock P/E 39.2
- 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 7.95 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: | -35% |
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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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Incorporation Of Subsidiary Of The Company
23 Jul - Insolation Energy forms 60%-owned solar power subsidiary MGVI Green Infra Four Pvt Ltd on July 23, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Confirmation certificate received from Bigshare Services Private Limited, Registrar and Share Transfer Agent (RTA) pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, …
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Announcement under Regulation 30 (LODR)-Change in Management
4 Jul - Appointment of Dr. Subir Bikas Mitra as Independent Director from July 14, 2025 for five years.
- E-Voting Result And Scrutinizer Report Of The Postal Ballot 4 Jul
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 4 Jul
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]