Insolation Energy Ltd.

INA

₹257.65

-1.38% (-3.6)

Market Cap

₹5,677 Cr.

P/E

44.99

About

Insolation Energy Limited is a national solar energy provider and has set up a state of the art fully automatic solar PV module manufacturing plant at Jaipur. Portfolio covers both Poly and Mono cryst… Read more

Insolation Energy Limited is a national solar energy provider and has set up a state of the ar… Read more

Low

207

52W Range

High

475

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

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In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	—	—	—	—	—	—	9.04	37.86	46.20	77.29
Shareholders Funds	—	—	—	—	—	—	22.14	52.88	108	616
Profit & Loss
Operating Profit	—	—	—	—	—	—	13.89	18.72	80.95	161
Net Sales	—	—	—	—	—	—	215	279	737	1,334
Cash flow
Cash from Operating Activity	—	—	—	—	—	—	8.79	-1.40	60.99	113
Net Capex (est)	—	—	—	—	—	—	3.13	28.99	16.86	85.05
Ratios
ROCE (%)	—	—	—	—	—	—	37.12	19.27	55.16	—
ROE (%)	—	—	—	—	—	—	31.37	20.20	51.20	—

Forensics

9 Yes

Positive for this company

1 Neutral

Neutral for this company

6 No

Negative for this company

1 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Depreciation Effect

Company is depreciating a lower percentage of assets. this is contributing to an increase in net profit
Promoter Holding

Promoters has been selling shares in the open market over last 90 days
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

Capex vs ROCE

Company has maintained it roce despite making significant capex
ROE

Net profit margin is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
ROCE Strength

Roce of the company is consistently strong
Balance Sheet Strength

Balance sheet of the company is strong. but it might have issues paying it suppliers
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Share price

Share price has increased over last 10 years but more due to rerating
Margin Stability

Margins of the company are volatile
Sales Growth

Unable to calculate due to limited data

Revenue mix

Product Wise Break-Up

Segment Break-Up

Location Wise Break-Up

Order Book Break-Up

Operational Metrics

Capacity Utilization - Solar (%)

Insolation Energy Ltd.

Capacity Utilization - Solar (%)
Source
Manufacturing Capacity - Solar Panels (MW)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Insolation Energy	258	45.61	5,756	66.02	—	55.16	51.2
Websol Energy System	1,338.8	37.14	5,747	27.71	595.58	-16.52	-112.29
Borosil Renewables	564.75	0.00	7,689	62.2	31.89	-4.19	-5.37
Swelect Energy	604.9	73.5	926	56.37	189.75	7.12	7.39
Marine Electricals	234.89	82.92	3,187	68.45	5.76	16.94	10.33
Hind Rectifiers	1,287.9	61	2,274	43.98	22.26	24.41	10.05
IKIO Technologies	221.63	56.01	1,731	72.5	18.46	16.72	10.96
Salzer Electronics	927.95	36.47	1,679	37.54	15.05	18.9	9.69

Corporate Actions

Consolidated Split

DATE

DETAILS

2025, Jan 24

Split 1 shares held will now become 10. New number of shares should be credited and listed within 1 day after the ex-date.

FAQs on Insolation Energy Ltd. Business

What does Insolation Energy do?

Insolation Energy Limited is a leading national solar energy provider with a state-of-the-art solar PV module manufacturing plant in Jaipur. They offer a diverse portfolio of highly efficient solar modules with innovative products like Twin power, Dual glass, and BIPV.

Who are the competitors of Insolation Energy?

Insolation Energy major competitors are Websol Energy System, Borosil Renewables, Swelect Energy, Marine Electricals, Hind Rectifiers, IKIO Technologies, Salzer Electronics.
Market Cap of Insolation Energy is ₹5,756 Crs.
While the median market cap of its peers are ₹2,274 Crs.

Is Insolation Energy financially stable compared to its competitors?

Insolation Energy seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

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Company Filing

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Annual Report	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Earnings Release	May	Mar Jun Sep	Sep
Investor Presentation	May
Conference Call
Conference Call SummaryCon Call Summary Powered by Gemini

Discussions & Analysis

Insolation Energy Ltd.

View the discussion on ValuePickr

Why Insolation energy can be a real 5 to 10 bagger - Investindia

Insolation Energy: Capitalizing on the $200 Billion Solar Opportunity - Caprize

Factory Tour Of Insolation Green Energy - Solar Is My Passion

IPO Meet - Insolation Energy Limited - Kirin Advisors

Solar Panel

How to do Business Analysis of Solar Power Plants - Dr Vijay Malik

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Insolation Energy Ltd.