Insolation Energy Ltd.

Insolation Energy Ltd.

INA.BO
Insolation Energy Ltd.IN flagBombay Stock Exchange
121.35
INR
-2.75
- -
26.74BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
Revenue per Share
4.24
7.75
10.29
15.65
35.3
62.97
97.54
Basic EPS, GAAP
0.15
0.33
0.33
0.6
2.66
5.93
9.1
Free Cash Flow per Basic Share
0.09
-0.11
0.27
-1.71
0.64
-3.08
-23.69
Dividend per Share
- -
- -
- -
- -
- -
- -
0.1
Book Value per Share
0.4
0.73
1.06
2.18
4.52
10.46
1
Tangible Book Value per Share
0.4
0.73
1.06
2.98
5.2
29.13
36.75
Basic Weighted Avg Shares
208
208
208
178
208
212
220
Sales/Revenue/Turnover
883
1,615
2,144
2,780
7,354
13,338
21,460
Operating Margin (%)
7.38
6.88
5.6
5.88
10.04
11.35
11.71
Depreciation Expense
12
14
20
23
71
113
358
Net Income, GAAP
31
69
69
107
555
1,256
2,002
Effective Tax Rate (%)
31.52
25.57
25.78
22.58
17.86
17.95
18.2
Profit Margin (%)
3.5
4.27
3.24
3.84
7.54
9.42
9.33
Working Capital
63
130
179
470
667
3,212
6,514
LT Debt
58
73
93
328
189
115
5,162
Total Equity
83
152
221
529
1,083
6,169
8,085
Return on Invested Capital (%)
- -
28.38
19.32
14.3
37.26
26.62
16.93
Return on Capital (%)
- -
27.88
18.92
16.23
42.27
50.89
35.29
Return on Common Equity (%)
- -
58.7
37.2
35.14
83.55
79.58
164.4

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
157.98%
31.06%
Free Cash Flow
- -
-204.13%
699.36%
Net Income, GAAP
- -
131.93%
59.41%
Sales/Revenue/Turnover
- -
73.85%
60.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
7,354
2025
- -
3,250
3,968
- -
13,338
2026
- -
5,753
7,939
- -
21,460

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.66
2025
- -
0.84
2
- -
5.93
2026
- -
2.27
3.17
- -
9.1

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.1

Company Description

APIChat
CEO
Manish Gupta
Full Time Employees
241
Sector
Technology
Industry
Semiconductors
Address
C-02, Fluidcon House Jaipur India 302020
IPO Date
Oct 10, 2022
Business
Insolation Energy Ltd manufactures and sells high-efficiency solar photovoltaic modules under the INA brand, along with solar cells, aluminum frames for solar structures, and end-to-end engineering, procurement, and construction services for solar projects. The company offers TOPCon, bifacial, and monofacial solar panels ranging from 500 Wp to 635 Wp; off-grid, on-grid, and hybrid solar systems; customized solutions for residential rooftops, commercial and institutional establishments, industrial facilities, solar farms, and agricultural applications; and project lifecycle management including design, installation, commissioning, maintenance, and performance monitoring. Insolation Energy operates two advanced manufacturing facilities in Jaipur, Rajasthan, with a combined annual capacity of 5.5 GW for PV modules and pursues expansion to 7 GW PV modules, 4.5 GW solar cells, and 18,000 MTA aluminum frames across Rajasthan and Madhya Pradesh; it maintains a nationwide presence through over 800 channel partners in more than 100 districts, targeting domestic customers in renewable energy sectors with compliance to ISO, UL, IEC, ALMM, CE, and BIS standards. Founded in 2015 and headquartered in Jaipur, India, the BSE SME-listed company pursues aggressive growth through recent order wins including Rs 143.20 crore solar module supply contract by wholly-owned subsidiary Insolation Green Energy Pvt Ltd from Zetwerk Manufacturing Businesses Pvt Ltd for FY 2025-26 execution and additional Rs 516.05 crore orders for solar PV modules; incorporation of multiple subsidiaries and step-down entities such as 12 new special purpose vehicles for solar power expansion and PRGE Green Infra Pvt Ltd in October 2025; securing 226.45 MW solar projects under the PM KUSUM scheme valued at Rs 750 crore as of September 2025; and migration preparations to the main board with Articles of Association amendments approved via postal ballot in November 2025.