Insolation Energy Limited share price
Insolation Energy Limited engages in the manufacture and sale of solar panels and modules under INA brand name in India. The company provides monocrystalline passive emitter and rear cell and polycrystalline solar photovoltaic (PV) modules for use in various applications, such as on-grid large scale utility system, on-grid rooftop residential and commercial system, net metering solution, off-grid residential system, solar pumping applications, rural electrification, green telecom tower, solar streetlight, solar home lighting system, etc. It also offers solar power conditioning units and tall tabular lead acid batteries in combination; and provides solar modules for ground mounted and roofto…Read more
- Market Cap₹ 1,624 Cr.
- Current Price₹ 73.64
- High / Low₹ 162 / 71
- Stock P/E8.1
- Book Value₹ 37
- Dividend Yield0.00 %
- ROCE19.1 %
- ROE28.30 %
- Face Value₹ 1.0
More figures (10)
- EPS (TTM)₹ 9.10
- Price / Book2.02
- OPM11.9 %
- Debt / Equity1.10
- Sales growth (4Y)97.0 %
- Profit growth (4Y)165.8 %
- Promoter holding67.6 %
- EV / EBITDA6.6
- Beta0.40
- All-time high₹ 162
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| INA | -15.31% | -36.48% | -45.75% | — | — | — | — |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Insolation Energy Limited is in the Solar industry (Technology), with a market value of ₹1,624 crore.
- It trades at 8.1 times its last 12 months' earnings and 2.0 times book value.
- Revenue grew 97.0% a year over the last 4 years, profit 165.8% a year.
- Return on equity was 28.3% and return on capital employed 19.1% in the latest year.
- Debt was 1.10 times shareholders' equity.
- The share price is 54.5% below its 52-week high.
- Promoters and insiders hold about 67.6%; institutions about 0.6%.
Pros
AI- Strong return on equity: 44.1% on average over the last 3 years.
Cons
AINo standout weaknesses in the reported figures.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Insolation Energy Limited
Insolation Energy Limited engages in the manufacture and sale of solar panels and modules under INA brand name in India. The company provides monocrystalline passive emitter and rear cell and polycrystalline solar photovoltaic (PV) modules for use in various applications, such as on-grid large scale utility system, on-grid rooftop residential and commercial system, net metering solution, off-grid residential system, solar pumping applications, rural electrification, green telecom tower, solar streetlight, solar home lighting system, etc. It also offers solar power conditioning units and tall tabular lead acid batteries in combination; and provides solar modules for ground mounted and rooftop solar projects. Insolation Energy Limited was incorporated in 2015 and is headquartered in Jaipur, India.
- Employees
- 721
- Head office
- Jaipur
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
| ₹ Cr | Mar 2026 |
|---|---|
| Sales | 2,146 |
| 1,859 | |
| Material Cost % | 80% |
| Employee Cost % | 2% |
| Other Expenses % | 4% |
| Operating Profit | 287 |
| OPM % | 13% |
| Other Income | 18 |
| Interest | 24 |
| Depreciation | 36 |
| Profit before tax | 245 |
| 18% | |
| Current tax | 35 |
| Deferred tax | 10 |
| 201 | |
| Minority share | 0 |
| Profit to shareholders | 200 |
| EPS in Rs | 9.10 |
| Dividend Payout % | 1% |
Return on Equity
- 4 Years:
- 38%
- Last Year:
- 28%
| ₹ Cr | Mar 2026 |
|---|---|
| Sales | 98 |
| 90 | |
| Material Cost % | 83% |
| Employee Cost % | 4% |
| Other Expenses % | 5% |
| Operating Profit | 8 |
| OPM % | 8% |
| Other Income | 8 |
| Interest | 3 |
| Depreciation | 3 |
| Profit before tax | 9 |
| 23% | |
| Current tax | 0 |
| Deferred tax | 2 |
| Net Profit | 7 |
| EPS in Rs | 0.33 |
| Dividend Payout % | 31% |
Return on Equity
- 4 Years:
- 38%
- Last Year:
- 28%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 21 | 21 | 22 | 22 |
| Reserves | 32 | 87 | 586 | 785 |
| 68 | 107 | 120 | 888 | |
| Long term borrowings | 33 | 19 | 12 | 469 |
| Short term borrowings | 35 | 77 | 97 | 366 |
| 38 | 59 | 123 | 460 | |
| Trade payables | 21 | 37 | 72 | 293 |
| Minority interest | 0 | 1 | ||
| Current liabilities | 70 | 135 | 210 | 758 |
| Total Liabilities | 159 | 275 | 851 | 2,155 |
| 38 | 59 | 226 | 668 | |
| Gross block | 48 | 76 | 253 | 727 |
| Accumulated depreciation | 10 | 17 | 28 | 60 |
| Goodwill & intangibles | 0 | |||
| CWIP | 0 | 2 | 138 | 143 |
| 121 | 214 | 488 | 1,345 | |
| Inventories | 48 | 74 | 77 | 379 |
| Trade receivables | 28 | 52 | 110 | 282 |
| Cash & equivalents | 23 | 48 | 2 | 88 |
| Current assets | 117 | 200 | 528 | 1,410 |
| Total Assets | 159 | 275 | 851 | 2,155 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| -1 | 30 | 27 | -73 | |
| Profit for the year | 11 | 55 | 126 | 201 |
| Working capital changes | -15 | -32 | -103 | -328 |
| Direct taxes paid | -12 | -27 | -35 | |
| -29 | -33 | -458 | -186 | |
| Fixed assets purchased | -29 | -17 | -92 | -448 |
| Fixed assets sold | 0 | 0 | 0 | 0 |
| Investments purchased | -12 | -340 | -0 | |
| Investments sold | 234 | |||
| 45 | 28 | 385 | 698 | |
| Proceeds from borrowings | 23 | 42 | 19 | 727 |
| Repayment of borrowings | -14 | -7 | ||
| Interest paid | -7 | -22 | ||
| Dividends paid | -2 | |||
| Net Cash Flow | 15 | 25 | -46 | 439 |
| Free Cash Flow | -30 | 13 | -65 | -521 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 20.2% | 68.9% | 35.1% | 28.3% |
| ROCE | — | 18.9% | 54.7% | 25.0% | 19.1% |
| Operating margin | — | 5.9% | 10.0% | 11.5% | 11.9% |
| Net margin | — | 3.8% | 7.5% | 9.4% | 9.4% |
| Debt / equity | — | 1.28 | 0.99 | 0.20 | 1.10 |
| Current ratio | — | 1.67 | 1.48 | 2.52 | 1.86 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 66.12%
- FIIs 0.84%
- DIIs 1.28%
- Public 31.76%
| % | Mar 2026 | Jun 2026 |
|---|---|---|
| Promoters | 66.12% | 66.12% |
| 1.09% | 0.84% | |
| Foreign portfolio investors (Cat. I) | 1.08% | 0.75% |
| Foreign portfolio investors (Cat. II) | 0.01% | 0.09% |
| 0.74% | 1.28% | |
| Mutual funds | 0.44% | |
| Alternative investment funds | 0.74% | 0.80% |
| 32.05% | 31.76% | |
| Retail (up to ₹2 lakh) | 16.27% | 19.04% |
| HNIs (above ₹2 lakh) | 6.26% | 4.91% |
| NRIs | 1.08% | 1.12% |
| Bodies corporate | 6.09% | 4.76% |
| No. of Shareholders | 15,112 | 26,561 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Insolation Energy Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201808-Oct-2026
- Shareholders meetingInsolation Energy Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026. Further, the company has informed the Exchange…29-Sep-2026
- Shareholders meetingInsolation Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 202628-Sep-2026
- ESOP/ESOS/ESPSInsolation Energy Limited has informed the Exchange regarding Allotment of 46750 Shares.28-Sep-2026
- ESOP/ESOS/ESPSInsolation Energy Limited has informed the Exchange regarding Grant of 106500 Options.28-Sep-2026
- AppointmentInsolation Energy Limited has informed the Exchange regarding Appointment of Mrs Usha Sharma as Non- Executive Independent Director of the company w.e.f. September 28, 2026.28-Sep-2026
- Outcome of Board MeetingInsolation Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on September 28, 2026.28-Sep-2026
- Trading WindowInsolation Energy Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201525-Sep-2026
- Copy of Newspaper PublicationInsolation Energy Limited has informed the Exchange about Copy of Newspaper Publication05-Sep-2026
- UpdatesPursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the Company is being sent letters to those Shareholders whose e-m…04-Sep-2026
- Shareholders meetingInsolation Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 202604-Sep-2026
- Copy of Newspaper PublicationInsolation Energy Limited has informed the Exchange about Copy of Newspaper Publication02-Sep-2026
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Disclosure under Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Ob…26-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Schedule of meet21-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Outcome23-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about11-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Schedule of meet08-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Schedule of meet08-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Transcript01-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Link of Recording27-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Schedule of meet21-May-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesInsolation Energy Limited has informed the Exchange about Outcome24-Mar-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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