Insolation Energy Ltd

Insolation Energy Ltd

₹ 140 -1.37%
01 Dec 3:40 p.m.
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]

  • Market Cap 3,086 Cr.
  • Current Price 140
  • High / Low 417 / 138
  • Stock P/E 21.3
  • Book Value 31.2
  • Dividend Yield 0.07 %
  • ROCE 34.7 %
  • ROE 34.9 %
  • Face Value 1.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%

Cons

  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
116 116 164 278 459 612 722 777
107 107 154 250 407 532 641 675
Operating Profit 8 8 10 28 52 80 81 102
OPM % 7% 7% 6% 10% 11% 13% 11% 13%
0 0 0 2 2 1 9 12
Interest 1 1 2 4 5 3 5 8
Depreciation 1 1 2 3 4 4 5 9
Profit before tax 6 6 8 22 45 74 80 97
Tax % 26% 26% 20% 33% 11% 17% 18% 17%
5 5 6 15 40 61 65 80
EPS in Rs 0.31 0.31 0.29 0.72 1.94 2.94 2.95 3.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
215 279 737 1,334 1,498
201 261 656 1,172 1,316
Operating Profit 14 19 81 161 182
OPM % 6% 7% 11% 12% 12%
0 1 4 9 21
Interest 3 3 10 8 12
Depreciation 2 2 7 9 14
Profit before tax 9 14 68 154 177
Tax % 26% 23% 18% 18%
7 11 55 126 145
EPS in Rs 0.46 0.51 2.66 5.73 6.58
Dividend Payout % 0% 0% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 84%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 163%
TTM: 43%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 125%
1 Year: -66%
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 Sep 2025
Equity Capital 15 21 21 22 22
Reserves 7 32 88 594 666
31 68 96 108 257
16 38 58 123 289
Total Liabilities 70 159 263 847 1,234
9 38 46 77 317
CWIP 2 0 1 46 68
Investments 0 0 5 50 41
58 121 210 674 808
Total Assets 70 159 263 847 1,234

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
9 -1 30 113
-3 -29 -33 -554
2 45 28 394
Net Cash Flow 8 15 25 -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 45 26
Days Payable 24 33 23 24
Cash Conversion Cycle 52 78 48 32
Working Capital Days 16 31 6 2
ROCE % 20% 48% 35%

Shareholding Pattern

Numbers in percentages

2 Recently
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.

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

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