Insolation Energy Ltd

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

Insolation Energy Ltd

₹ 96.2 1.10%
06 Mar - close price
insolationenergy.in BSE - SME: 543620 NSE - SME: INA
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 NSE
  • Market Cap ₹ 2,119 Cr.
  • Current Price ₹ 96.2
  • High / Low ₹ 295 / 92.8
  • Stock P/E 12.0
  • Book Value ₹ 31.2
  • Dividend Yield 0.10 %
  • ROCE 34.7 %
  • ROE 34.9 %
  • Face Value ₹ 1.00
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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.

Peer comparison

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2024 Sep 2025 Dec 2025
325 415 575
301 370 501
Operating Profit 24 45 75
OPM % 7% 11% 13%
5 11 7
Interest 4 5 8
Depreciation 3 6 12
Profit before tax 23 45 62
Tax % 18% 18% 18%
19 37 51
EPS in Rs 0.84 1.68 2.30
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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 1,172
Operating Profit 14 19 81 161
OPM % 6% 7% 11% 12%
0 1 4 9
Interest 3 3 10 8
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% 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: 97%
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%

Insights

In beta
Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024May 2025
Solar Module Manufacturing Capacity
MW

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Solar Module Sales Volume
MW ・Includes some standalone data
Geographic Reach (Districts)
Number
Number of Channel Partners/Dealers
Number
Order Book
₹ Crores

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.

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Documents

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