Overview

Detailed Summary

Insolation Energy Limited is an integrated solar manufacturing and services company focused on PV module production, expanding into solar cells, aluminium frames, EPC, IPP projects and future BESS assembly with an operational module capacity of 5.5 GW and planned module capacity of 7.0 GW by FY27.
The company delivered strong operating momentum with 9M FY26 revenue of ₹1,352.1 Cr (↑44% YoY) and Q3 FY26 revenue of ₹575.3 Cr (↑77% YoY), while EBITDA margins expanded ~506 bps YoY in Q3 to 14.2%, highlighting operating leverage from ramping INA‑3 automated lines.
INA is executing material backward integration: a 4.5 GW TOPCon G12R cell plant and an 18,000 MTA aluminium extrusion facility in Narmadapuram with target CODs in FY27, intended to improve cost competitiveness, secure DCR/ALCM positioning and materially lift margins once stabilized.
The company reports a 2.1–2.2 GW order book and secured government KUSUM projects (~400 MW) with PPAs signed, creating near-term execution visibility while building an IPP portfolio and an EPC/O&M vertical to capture downstream value and recurring revenue streams.
Management targets mid-term revenue scale-up toward a $1 billion+ (₹8,000 Cr) business over the next few years, backed by staged capex (INR ~700–750 Cr in FY27 for cell/plant commissioning) and a migration from SME to mainboard to broaden capital market access.

Sector: Capital Goods - Electrical Equipment
Industry: Electric Equipment - General - Medium / Small
Market Cap: 2,099 Cr
Volatility: High Risk
P/E Ratio: 15.9
Industry P/E: 20.1
PEG Ratio: 0.1
P/B Ratio: 3.1
52W High: 294.95
52W Low: 92.75

Sales CAGR

1Y: 80.93%
3Y: -19.40%
5Y: 4.91%
10Y: —

Profit CAGR

1Y: 127.49%
3Y: -10.20%
5Y: 10.18%
10Y: —

ROE

TTM: 20.50%
3Y: 2.61%
5Y: 4.85%
10Y: —

ROCE

TTM: 18.80%
3Y: 4.66%
5Y: 7.87%
10Y: —

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RELTD	136.50	2,453 Cr	29.93	6.23	0.00	20.87	11.67	9.27
CNCRD	2344.00	2,374 Cr	63.13	13.34	0.00	21.92	23.79	16.35
SPECTRUM	1350.00	2,121 Cr	106.80	9.84	0.00	13.79	15.11	8.17
INA	94.90	2,099 Cr	15.95	3.05	0.10	20.50	18.80	11.75
RISHABH	385.20	1,488 Cr	21.79	2.16	0.00	8.21	9.67	7.13
WAAREEINDO	326.30	1,359 Cr	5.55	6.67	0.00	104.85	77.42	72.92
YASHHV	445.00	1,255 Cr	49.89	8.50	0.23	18.21	22.64	13.31

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2024	Sep 2025	Dec 2025
Sales	325	415	575
Expenses	301	370	501
Operating Profit	24	45	75
OPM %	7.47	10.83	13.00
Other Income	5.43	11	6.95
Interest	4.22	4.75	7.97
Depreciation	2.94	6.26	12
Profit Before Tax	23	45	62
Tax %	17.86	17.87	18.14
Net Profit	19	37	51
EPS in Rs	0.08	1.67	—

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	215	279	737	1,334
Expenses	202	261	657	1,173
Operating Profit	14	18	80	161
OPM %	6.28	6.59	10.86	12.08
Other Income	0.08	0.69	4.15	9.26
Interest	2.27	2.97	9.56	7.32
Depreciation	1.97	2.35	7.09	9.17
Profit Before Tax	9.36	14	68	154
Tax %	25.78	22.58	17.86	17.86
Net Profit	6.95	11	55	126
EPS in Rs	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	1.68

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	15	21	21	22
Reserves	7.14	32	88	594
Borrowings	31	68	96	108
Other Liabilities	16	38	58	123
Total Liabilities	70	159	263	847
Fixed Assets	9.04	38	46	77
CWIP	2.18	0.00	1.40	46
Investments	0.00	0.00	5.49	50
Other Assets	58	121	210	674
Total Assets	70	159	263	847

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	8.79	-1.40	61	113
Cash from Investing Activity	-3.13	-29	-17	-554
Cash from Financing Activity	2.50	45	-8.99	394
Net Cash Flow	8.16	15	35	-46

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Oct 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Sep 2025
Promoters	69.84%	69.89%	69.95%	69.98%	70.05%	66.22%	66.02%	66.10%
FIIs	0.06%	0.00%	0.04%	0.00%	0.58%	1.35%	0.94%	0.79%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.42%	0.55%
Public	30.10%	30.11%	30.01%	30.02%	29.37%	32.27%	32.62%	32.55%
Total Shareholders	1,489	892	1,145	1,431	2,942	3,868	5,271	10,275

Market Transactions

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Upgrade

Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q4 FY25

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

Ask AI

Frequently Asked Questions about Insolation Energy Ltd

Insolation Energy Ltd (INA) is currently trading at 95.10 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Insolation Energy Limited is an integrated solar manufacturing and services company focused on PV module production, expanding into solar cells, aluminium frames, EPC, IPP projects and future BESS assembly with an operational module capacity of 5.5 GW and planned module capacity of 7.0 GW by FY27. The company delivered strong operating momentum with 9M FY26 revenue of ₹1,352.1 Cr (↑44% YoY) and Q3 FY26 revenue of ₹575.3 Cr (↑77% YoY), while EBITDA margins expanded ~506 bps YoY in Q3 to 14.2%, highlighting operating leverage from ramping INA‑3 automated lines. INA is executing material backward integration: a 4.5 GW TOPCon G12R cell plant and an 18,000 MTA aluminium extrusion facility in Narmadapuram with target CODs in FY27, intended to improve cost competitiveness, secure DCR/ALCM positioning and materially lift margins once stabilized. The company reports a 2.1–2.2 GW order book and secured government KUSUM projects (~400 MW) with PPAs signed, creating near-term execution visibility while building an IPP portfolio and an EPC/O&M vertical to capture downstream value and recurring revenue streams. Management targets mid-term revenue scale-up toward a $1 billion+ (₹8,000 Cr) business over the next few years, backed by staged capex (INR ~700–750 Cr in FY27 for cell/plant commissioning) and a migration from SME to mainboard to broaden capital market access.

Over the past 52 weeks, Insolation Energy Ltd has traded between a low of ₹92.75 and a high of ₹294.95. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Insolation Energy Ltd has a market capitalization of approximately 2,099.26. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Insolation Energy Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 15.95 and operates in the Capital Goods - Electrical Equipment sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 2,099.26 Cr, Insolation Energy Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Insolation Energy Ltd operates in the Capital Goods - Electrical Equipment sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Insolation Energy Ltd is 15.95. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Insolation Energy Ltd

Stock Summary and Key Metrics

Investment Checklist

Investment Checklist

Overview

Financial Ratios

Technicals

Forecasts

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Unlock Premium Features

Upgrade

Projection

Documents

Actions

Announcements

AI Mode

Ask AI

Frequently Asked Questions about Insolation Energy Ltd

What is Insolation Energy Ltd share price today?

What does Insolation Energy Ltd do?

What is the 52-week high and low of Insolation Energy Ltd?

What is the market capitalization of Insolation Energy Ltd?

Should I consider investing in Insolation Energy Ltd stock?

Is Insolation Energy Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Insolation Energy Ltd belong to and why does it matter?

What is the PE ratio of Insolation Energy Ltd?

Utility

Company

Technicals

Frequently Asked Questions about Insolation Energy Ltd

What is Insolation Energy Ltd share price today?

What does Insolation Energy Ltd do?

What is the 52-week high and low of Insolation Energy Ltd?

What is the market capitalization of Insolation Energy Ltd?

Should I consider investing in Insolation Energy Ltd stock?

Is Insolation Energy Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Insolation Energy Ltd belong to and why does it matter?

What is the PE ratio of Insolation Energy Ltd?

Announcements

Forecasts

Projection

Oscillators

Bullish

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Peers

Price Chart Comparison

Overview

Financial Ratios

Investment Checklist