Insolation Energy Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.5%
- Company has a healthy return on capital (ROCE) of 34.3%
- Latest quarter profit grew 796.9% YoY, showing strong momentum
- Operating margins have improved to 12.1% from 6.5%
- Company comfortably covers its interest (21.3x coverage)
- Attractively priced for its growth - PEG of 0.1
CONS
- Receivables are growing faster than sales - a possible quality concern
- Working capital days have increased from 33 to 88 days
- Equity base is being diluted - shares outstanding up 46.9%
- Free cash flow has been persistently negative
- Stock is trading at 9.4x its book value
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMA | 1588.65 | 83.22 | 30634.01 | 0.09 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| KAYNES | 3500.00 | 67.87 | 23462.13 | 0.00 | 56.43 | -24.37 | 946.02 | 40.47 | 13.38 | 15.60 |
| AVALON | 2265.95 | 113.44 | 15155.19 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 20.34 | 11.96 |
| UTLSOLAR | 446.70 | 46.58 | 13709.30 | 0.00 | 577.94 | — | 13456.93 | — | 36.46 | 18.94 |
| CYIENTDLM | 904.15 | 87.42 | 7177.45 | 0.00 | 16.29 | 118.21 | 373.80 | 34.25 | 10.41 | 9.93 |
| VIKRAMSOLR | 166.80 | 16.94 | 6044.07 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| SAATVIKGL | 396.30 | 20.30 | 5037.17 | 0.00 | 5.36 | -95.49 | 511.01 | -44.20 | 55.18 | 6.62 |
| WEBELSOLAR | 75.79 | 10.86 | 3290.52 | 0.33 | 77.79 | — | 372.60 | 115.39 | 63.74 | 33.70 |
| KERNEX | 1734.35 | 15.28 | 2914.34 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| MODINSULAT | 449.50 | 22.51 | 2119.12 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| INA | 93.04 | 10.24 | 2051.08 | 0.00 | 380.25 | 796.94 | 7406.98 | 1766.82 | 34.98 | 9.74 |
| IKIO | 224.45 | 37.30 | 1734.57 | 0.00 | 11.05 | 364.51 | 169.29 | 40.91 | 10.02 | 12.97 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| 325 | 397 | 362 | 575 | 794 | 741 | |
| 301 | 339 | 311 | 501 | 683 | 698 | |
| Operating Profit | 24 | 57 | 51 | 75 | 111 | 43 |
| OPM % | 7.47% | 14.46% | 14.09% | 13.00% | 13.94% | 5.78% |
| 5 | -0 | 1 | 7 | -2 | 5 | |
| Interest | 4 | 1 | 3 | 8 | 8 | 12 |
| Depreciation | 3 | 3 | 3 | 12 | 15 | 17 |
| Profit before Tax | 23 | 53 | 52 | 62 | 86 | 48 |
| Tax % | 17.86% | 20.32% | 17.16% | 18.14% | 19.06% | 19.95% |
| Net Profit | 0 | 0 | 43 | 51 | 70 | 38 |
| 0.84 | 2.00 | 1.96 | 2.27 | 3.17 | 1.73 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 215 | 279 | 737 | 1,334 | 2,472 | |
| 202 | 261 | 656 | 1,172 | 2,193 | |
| Operating Profit | 14 | 19 | 81 | 161 | 279 |
| OPM % | 6.45% | 6.70% | 10.98% | 12.09% | 11.30% |
| 0 | 1 | 4 | 9 | 11 | |
| Interest | 3 | 3 | 10 | 8 | 31 |
| Depreciation | 2 | 2 | 7 | 9 | 46 |
| Profit before Tax | 9 | 14 | 68 | 154 | 248 |
| Tax % | 25.78% | 22.58% | 17.86% | 17.86% | 18.60% |
| Net Profit | 7 | 11 | 55 | 126 | 202 |
| EPS | 24.14 | 6.01 | 26.63 | 5.73 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 1.75% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 84%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 163%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 45%
- Last Year:
- 35%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 15 | 21 | 21 | 22 |
| 7 | 32 | 88 | 594 | |
| 31 | 70 | 85 | 109 | |
| Trade Payables | 12 | 21 | 37 | 72 |
| 5 | 17 | 44 | 76 | |
| Total Liabilities | 70 | 161 | 275 | 874 |
| 9 | 38 | 46 | 77 | |
| Capital Work in Progress | 2 | 0 | 1 | 46 |
| 0 | 0 | 5 | 50 | |
| 23 | 48 | 74 | 77 | |
| 0 | 0 | 52 | 110 | |
| Cash & Bank | 8 | 23 | 55 | 314 |
| 27 | 52 | 42 | 200 | |
| Total Assets | 70 | 161 | 275 | 874 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 9 | -1 | 30 | 113 | |
| Cash from Investing | -3 | -29 | -33 | -554 |
| Cash from Financing | 2 | 45 | 28 | 394 |
| 8 | 15 | 25 | -46 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-05 - Insolation Energy Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-04 - Pursuant 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-mail IDs are not registered with the Company/Registrar & Transfer Agent/Depository Participants, providing the weblink where the Annual Report for Financial Year 2025-26 can be accessed
2026-09-04 - Insolation Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026
2026-09-02 - Insolation Energy Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-26 - Insolation Energy Limited has informed the Exchange about Disclosure under Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ): Update on Non-Deal Roadshow
2026-08-24 - Insolation Energy Limited has informed the Exchange about Awarding of order(s)/contract(s)
2026-08-21 - Insolation Energy Limited has informed the Exchange about Schedule of meet
2026-08-21 - Insolation Energy Limited has informed the Exchange about Investor Presentation
2026-08-13 - Insolation Energy Limited has informed the Exchange about Copy of Newspaper Publication
News
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