Indosolar Ltd is engaged in the manufacture of poly-crystalline solar photo-voltaic (“SPV”) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the “photo-voltaic effect”. They market and sell products to primarily module manufacturers on a business-to-business (“B2B”) platform, who in turn supply to the system integrators who install the systems for grid and off-grid (roof top) applications for use in the domestic market as well as markets in Europe, Spain, Japan, Asia, Canada and USA.

Indosolar major competitors are Australian Premium, ICE MakeRefrigeratio, Swelect Energy, Aimtron Electronics, IKIO Technologies, Sahasra Electronic, Vinyas Innova Techno.
Market Cap of Indosolar is ₹1,174 Crs.
While the median market cap of its peers are ₹1,276 Crs.

Indosolar seems to be less financially stable compared to its competitors.
Altman Z score of Indosolar is 0 and is ranked 8 out of its 8 competitors.