INSOLATION ENERGY LIMITED
₹68.94-₹1.86 (-2.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,766 Cr
- P/E
- 41.1x
- EV / EBITDA
- 348.0x
- Revenue
- ₹113 Cr
- Net margin
- 1.3%
- ROCE
- 4.7%
Price chart
Technical chartScreen technicals →-62.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -21.4%
- 3M
- -37.4%
- 6M
- -53.3%
- 1Y
- -62.4%
- 5Y
- +610.7%
52-week range
Day change -₹1.86 (-2.6%) from ₹71 to ₹69 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in INA, bought on each weekday since 2022.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 21.1%
Concerns1
- Low interest coverage ratio of 1.3x
Rule-based from financial data. Not advice.
About the company
Insolation Energy Limited engages in the manufacture and sale of solar panels and modules under INA brand name in India.
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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 street light, solar home lighting system, solar lantern, solar traffic signal, solar electric vehicle charging station, 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.
- Sector
- Energy
- Shares outstanding
- 22.0 Cr shares
- ISIN
- INE0LGX01024
- BSE code
- 543620
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,766 Cr
- P/E
- 41.1x
- P/B
- 6.3x
- EV / EBITDA
- 348.0x
- EV / Sales
- 12.2x
- P/S
- 12.1x
- Earnings yield
- 2.4%
- 52-week high
- ₹190.70
- 52-week low
- ₹62.89
Profitability
- Operating margin
- 1.7%
- Net margin
- 1.3%
- EBITDA margin
- 3.5%
- ROE
- 5.9%
- ROCE
- 4.7%
- ROA
- 3.2%
- Dividend payout
- 0.0%
- Tax rate
- 28.0%
- Other income, % of PBT
- 100.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹113 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -50.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8.00 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -38.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 66.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹29.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -245.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹17.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.7%
Solvency and efficiency
- Current ratio
- 8.80
- Debt / Equity
- 0.67
- Debt / Assets
- 0.36
- Debt / EBITDA
- 4.25
- Interest coverage
- 1.33
- Financial leverage
- 1.86
- CFO / Net profit
- 9.67
- Cash / Market cap
- 2.9%
- Cash per share
- ₹3.64
- Asset turnover
- 2.41
- Fixed asset turnover
- 32.71
- Capital intensity
- 0.03
- Debtor days
- 23 days
- Inventory turnover
- 13.52
- Cash conversion cycle
- 35 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹4 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹112 Cr |
| Sales | Operating profit | ₹1 Cr |
| Operating profit | Interest | ₹1 Cr |
| Other income | Interest | ₹1 Cr |
| Other income | Depreciation | ₹1 Cr |
| Other income | Profit before tax | ₹7 Cr |
| Profit before tax | Tax and other | ₹2 Cr |
| Profit before tax | Net profit | ₹5 Cr |
Revenue and net profit
Revenue fell 50.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹163 Cr | ₹7 Cr |
| FY2022 | ₹215 Cr | ₹7 Cr |
| FY2023 | ₹259 Cr | ₹6 Cr |
| FY2024 | ₹229 Cr | ₹3 Cr |
| FY2025 | ₹113 Cr | ₹5 Cr |
Cash flows
FY2025: -₹16.0 Cr from operations, -₹389 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1 Cr | -₹3 Cr |
| FY2022 | ₹10 Cr | ₹9 Cr |
| FY2023 | -₹20 Cr | -₹20 Cr |
| FY2024 | ₹29 Cr | ₹6 Cr |
| FY2025 | -₹16 Cr | -₹389 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹113 Cr-50.7%1Y
- Net profit
- ₹5 Cr+66.7%1Y
- Cash from operations
- -₹16 Cr
- Free cash flow
- -₹389 Cr-6,583.3%1Y
- Revenue CAGR, 5Y
- 21.1%
- EBITDA CAGR, 5Y
- 2.7%
- Net profit CAGR, 5Y
- 0.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹113 Cr | ₹1 Cr | — | ₹5 Cr | -₹16 Cr | -₹389 Cr | 1.1% | -50.7% | +66.7% |
Monthly returns
Month-by-month returns of INA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹483 Cr |
| Equity capital | ₹22 Cr |
| Reserves | ₹416 Cr |
| Borrowings | ₹24 Cr |
| Other liabilities | ₹20 Cr |
| Assets | ₹483 Cr |
| Fixed assets | ₹9 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹79 Cr |
| Other assets | ₹395 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
INA trades at 41.1x earnings against a peer median of 24.8x (a 66% premium).
Not shown (no positive earnings and no EV / Sales): Prabha Energy Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| INSOLATION ENERGY LIMITEDINAthis companyP/E ↑ premium | ₹2,766 Cr | 41.1x | 6.3x | 5.9% | 348.0x |
| STERLING AND WILSON RENEWABLE ENERGY LIMITEDSWSOLAR | ₹4,730 Cr | 15.6x | 10.1x | 3.2% | 12.6x |
| PTC India LtdPTC | ₹4,693 Cr | 10.8x | 1.0x | 8.9% | 7.2x |
| ELLENBARRIE INDUSTRIAL GASES LIMITEDELLEN | ₹3,959 Cr | 45.4x | 4.3x | 11.0% | 49.4x |
| TRUALT BIOENERGY LIMITEDTRUALT | ₹3,168 Cr | 27.6x | — | 13.0% | 19.1x |
| GK ENERGY LIMITEDGKENERGY | ₹2,857 Cr | 19.6x | 3.7x | 64.3% | 52.3x |
| Deep Industries LimitedDEEPINDS | ₹2,416 Cr | 14.5x | 1.7x | 8.3% | 14.0x |
| Prabha Energy LimitedPRABHA | ₹2,288 Cr | — | 5.3x | -0.2% | -2284.2x |
| EMS LIMITEDEMSLIMITED | ₹2,151 Cr | 13.3x | 2.1x | 19.1% | 9.5x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
INA since 1 January, against earlier years.
Historical volatility
INA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 8.0% |
| FY2022 | 6.0% |
| FY2023 | 5.0% |
| FY2024 | 2.0% |
| FY2025 | 1.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹113 Cr |
| Costs | |
| Interest | ₹2 Cr |
| Expenses | ₹112 Cr |
| Operating profitOperating Profit | ₹1 Cr |
| Other income and charges | |
| Profit before tax | ₹7 Cr |
| Tax | |
| Net profitNet Profit | ₹5 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹483 Cr |
| Equity capitalEquity Capital | ₹22 Cr |
| Reserves | ₹416 Cr |
| Borrowings | ₹24 Cr |
| Other liabilitiesOther Liabilities | ₹20 Cr |
| AssetsTotal Assets | ₹483 Cr |
| Fixed assetsFixed Assets | ₹9 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹79 Cr |
| Other assetsOther Assets | ₹395 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹16 Cr |
| Investing cash flowCash from Investing Activity | -₹373 Cr |
| Financing cash flowCash from Financing Activity | ₹372 Cr |
| Change in cashNet Cash Flow | -₹17 Cr |
Learn while you research
Academy chapters picked for INSOLATION ENERGY LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 41.1, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read