Indosolar Ltd

Indosolar Ltd

₹ 3.30 -4.35%
24 Jun 2022
About

lndosolar Limited was incorporated in 2005. The company is a manufacturer of solar photovoltaic cells. The Company had shut down its production facilities and the company is under Corporate insolvency Resolution Process under insolvency and Bankruptcy Code. The registered office of the company is in New Delhi.[1][2]

Key Points

Products & Services
Cells:
The company offers multi-crystalline silicon cells under its Sona series, and the company offers mono-crystalline silicon cells under its Sapphire series.

Photovoltaic Modules:
The company provides PV modules for residential, commercial and utility-scale installations..

Solar Solutions:
The company offers reliable and innovative super solar solutions like Residential Rooftop Systems for Home, Solar Street Lightning, etc.[1][2][3]

  • Market Cap 123 Cr.
  • Current Price 3.30
  • High / Low /
  • Stock P/E
  • Book Value -0.11
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.

* 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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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.55 0.74 0.35 0.31 0.29 0.50 0.18 0.96 0.26 0.59 0.25 0.31 2.07
Operating Profit -0.55 -0.74 -0.35 -0.31 -0.29 -0.50 -0.18 -0.96 -0.26 -0.59 -0.25 -0.31 -2.07
OPM %
0.03 0.31 0.06 0.07 0.43 0.09 1,091.57 0.81 0.21 -3.84 0.06 0.04 0.09
Interest 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.10 1.08 1.82 1.87
Depreciation 1.91 1.34 1.79 1.79 1.79 1.79 0.50 0.50 0.50 2.76 1.12 1.12 1.18
Profit before tax -2.43 -1.81 -2.08 -2.03 -1.65 -2.20 1,090.89 -0.65 -0.55 -8.29 -2.39 -3.21 -5.03
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2.90% 0.00% 0.00% 0.00%
-2.43 -1.82 -2.08 -2.03 -1.64 -2.20 1,090.89 -0.64 -0.55 -8.53 -2.39 -3.21 -5.03
EPS in Rs -0.07 -0.05 -0.06 -0.05 -0.04 -0.06 29.32 -0.02 -0.01 -0.21 -0.06 -0.08 -0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
92 53 16 296 258 442 314 13 0 0 0 0 0
206 82 44 248 248 368 336 38 2 1 8 2 3
Operating Profit -114 -29 -28 48 10 75 -21 -25 -2 -1 -8 -2 -3
OPM % -124% -55% -182% 16% 4% 17% -7% -186% -4,068%
5 4 2 4 2 3 -60 -425 1 1 -107 1,089 -4
Interest 59 59 81 103 126 106 54 51 0 0 0 1 6
Depreciation 34 39 30 27 27 29 28 24 7 7 7 4 6
Profit before tax -202 -124 -137 -78 -141 -58 -163 -525 -8 -8 -122 1,081 -19
Tax % 0% 0% 0% 0% 0% -0% -0% 0% 0% 0% 0% 0%
-202 -124 -137 -78 -141 -58 -163 -525 -8 -8 -122 1,081 -19
EPS in Rs -6.04 -3.70 -4.09 -2.18 -3.94 -1.62 -4.38 -14.11 -0.22 -0.21 -3.29 26.24 -0.47
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: 7%
5 Years: 14%
3 Years: 8%
TTM: 58%
Stock Price CAGR
10 Years: 6%
5 Years: 10%
3 Years: 16%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2021 Mar 2023 Sep 2023
Equity Capital 335 335 335 358 358 358 372 372 372 42 42
Reserves -125 -249 -386 -465 -606 -667 -829 -1,354 -1,370 -41 -46
Preference Capital 0 10 10 10 10 10 120 0
763 912 1,003 978 955 933 700 829 829 63 74
114 144 208 254 395 492 501 412 407 1 3
Total Liabilities 1,086 1,142 1,161 1,125 1,102 1,116 744 259 238 65 72
561 522 492 470 445 452 427 154 140 48 46
CWIP 421 500 569 574 597 563 257 83 83 4 4
Investments 0 0 0 0 0 0 0 0 0 0 0
105 120 100 81 60 101 60 21 14 13 23
Total Assets 1,086 1,142 1,161 1,125 1,102 1,116 744 259 238 65 72

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4 -26 -23 79 16 55 29 32 -1 -1 -0 -14
-170 -77 -4 -61 -2 -28 -8 -23 2 -1 0 -3
180 97 28 -10 -24 -21 -25 -12 -0 0 1 18
Net Cash Flow 6 -6 2 8 -9 6 -4 -2 1 -2 0 1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 43 122 77 2 5 9 3 4
Inventory Days 87 311 1,080 41 50 45 35 112
Days Payable 68 333 415 21 82 34 82 1,787
Cash Conversion Cycle 62 100 742 22 -27 21 -43 -1,671
Working Capital Days -14 -206 -6,507 -606 -1,032 -1,062 -955 -32,681
ROCE % -15% -7% -6% 3% -2% 7% -9% -44%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.90% 56.90% 56.90% 56.90% 56.90% 96.15% 96.15% 96.15% 96.15% 96.15% 96.15% 96.15%
0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.31% 1.31% 1.31% 1.31% 1.31% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
41.74% 41.79% 41.79% 41.79% 41.79% 3.86% 3.86% 3.86% 3.86% 3.86% 3.86% 3.86%
No. of Shareholders 56,59956,33656,47156,10856,77360,86860,86860,86860,86860,86860,86860,868

* 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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