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Prices as of 9 Oct 2026 close · Not investment advice

Insolation Energy Limited

NSE: INAPower Generation

Share price

₹79.67

-0.08% close of 9 Oct 2026

Market cap ₹1,753 CrP/E 9.0

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

66

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,753 Cr

P/E ratio

9.0

P/B ratio

2.2

ROCE

22.4%

ROE

28.4%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹190.7052-week low ₹79.67

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 48.9% over the past year, and 85.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 12.7% to 11.9% over the last year.

Whether it grew faster than its sector

It grew 85.3% a year against a sector median of 10.7% — 74.6 percentage points faster.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.1 times its growth rate, on earnings growth of 166%.

Profit growthPrice per ₹1 profitPer 1% growth
Insolation Energy Limited — this one166%/yr9.0×—
JSW Energy19%/yr40.4×₹2.1
NTPC Green Energy Limited45%/yr128.5×₹2.9
NHPC Limited-1%/yr19.3×—
NLC India Limited2%/yr10.5×₹5.3
Acme Solar Holdings Limited150%/yr49.8×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Power Generation), it ranks 2 of 26 on returns, 2 of 25 on growth, 23 of 26 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 22.4% on capital, ahead of 92% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹8 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 5 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 16 days for its cash to waiting 22 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue was ₹740.7 crore and net profit was ₹38.0 crore in Q1 FY27.

Announced 12 Aug 2026 · Consolidated · Unaudited

Revenue

₹741 Cr

Revenue vs last quarter

-6.7%

Net profit

₹38 Cr

Profit vs last quarter

-45.7%

Net margin

5.1%

EPS

₹1.73

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,753 Cr
Prev close
₹79.67
52w High
₹198
52w Low
₹78.0
Enterprise value
₹2,120 Cr
Beta
1.6
Price CAGR 1y
-54.0%
Price CAGR 3y
25.0%
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
9.3%
PEG ratio
0.1
P/E ratio
9.0
P/B ratio
2.2
EV / EBITDA
7.0
Industry P/E
20.6
ROCE
22.4%
ROCE 5y average
31.3%
ROE
28.4%
Debt / Equity
1.1
Interest coverage
10.4
Dividend yield
0.0%
ROE 3y average
33.0%
ROE last year
28.0%

Annual P&L

Annual revenue
₹2,146 Cr
Annual profit
₹201 Cr
Operating margin
14.0%
Net profit margin
9.4%
EBITDA margin
13.5%
Sales growth 3y
97.4%
Sales growth 5y
—
Profit growth 3y
166.0%
Profit growth 5y
—
EPS
₹9.1
Sales growth TTM
61.0%
Profit growth TTM
60.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹741 Cr
Profit latest quarter
₹38 Cr
YoY quarterly sales growth
104.7%
YoY quarterly profit growth
-11.6%
OPM latest quarter
9.7%

Balance Sheet

Book Value
₹36.7
Face Value
₹1.0
Total debt
₹888 Cr
Total cash
₹521 Cr
Borrowings
₹888 Cr
Reserves / Equity
35.7

Cash Flow

Operating cash flow
-₹73 Cr
Free cash flow
-₹521 Cr
FCF yield
-31.2%
Net cash flow
₹439 Cr

Shareholding

Promoter holding
66.1%
FII holding
0.8%
DII holding
1.3%
Public holding
31.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
NTPC316.7511.13,07,1422.846,896.411.850,741.07.88.9
Adani Green1,341.40114.02,20,9520.00983.016.94,431.016.67.4
JSW Energy485.4544.489,0060.41532.7-36.65,207.11.28.2
NTPC Green Ene.88.51122.974,5810.00304.838.31,106.962.73.6
NHPC Ltd72.5019.272,8272.221,178.12.93,808.318.55.8
NLC India250.3510.834,7141.54436.3-39.34,716.823.38.4
ACME Solar Hold.436.1551.830,8300.05235.364.8857.567.88.9
Insolation Ener82.009.31,8080.0038.0-13.8740.7104.722.4
Median111.7921.48,1690.0059.817.9815.414.36.2

Competes with: Acme Solar Holdings Limited, Adani Green Energy, JSW Energy, NHPC Limited, NLC India Limited, NTPC Green Energy Limited, NTPC Limited, SJVN Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemMar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales116116164278459612325397362415575794741
Expenses301339305370501683669
Material Cost618588
Change in Inventories-15227
Purchases of Stock-in-Trade1614.82
Employee Cost1718
Other Expenses3930
Operating Profit245757457511172
OPM %7.167.166.181011137.4814161113149.74
Other Income5-01117-25
Exceptional items (within Other Income)00
Interest41358812
Depreciation3336121517
Profit before tax23535245628648
Tax %18201718181920
Net Profit19424337517038
EPS in Rs0.841.921.951.682.303.181.68
Diluted EPS in Rs3.171.73

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2152797371,3342,1462,525
Expenses2012616561,1711,8552,222
Material Cost1,662
Change in Inventories-219
Purchases of Stock-in-Trade272
Employee Cost51
Other Expenses93
Operating Profit141981163290303
OPM %6711121412
Other Income014101621
Exceptional items (within Other Income)0
Interest331092633
Depreciation227.09113650
Profit before tax91468154245241
Tax %2623181818
Net Profit71155126201196
EPS in Rs0.460.512.665.709.108.84
Diluted EPS in Rs9.10
Dividend Payout %00020

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
—
3 years
97%
TTM
61%

Compounded profit growth

10 years
—
5 years
—
3 years
166%
TTM
60%

Stock price CAGR

10 years
—
5 years
—
3 years
25%
1 year
-54%

Return on equity

10 years
—
5 years
33%
3 years
33%
Last year
28%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1521212222
Reserves73288586785
Borrowings316896120888
Other Liabilities163858123460
Minority Interest1.33
Total Liabilities701592638512,155
Fixed Assets9384688525
CWIP2015373
Investments0053936
Other Assets581212106711,522
Total Assets701592638472,155

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9-13027-73
Cash from Investing Activity-3-29-33-458-186
Cash from Financing Activity24528385698
Net Cash Flow81525-46439
Free Cash Flow6-3013-58-521

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2837263048
Inventory Days4875452681
Days Payable2433232463
Cash Conversion Cycle5278483266
Working Capital Days16316122
ROCE %20483522

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemOct 2022Mar 2023Sep 2023Mar 2024Sep 2024Dec 2024Mar 2025Sep 2025Mar 2026Jun 2026
Promoters70707070706666666666
FIIs0.0600.0400.591.360.940.791.090.84
DIIs0.1900000.150.420.550.741.27
Public30303030293233333232
No. of Shareholders1,4898921,1451,4312,9423,8685,27110,27515,11226,561

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -57.7% (₹188.50 → ₹79.67)Brick size ₹4.01 (fixed)Bricks 111
₹100₹150₹79.67Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹79.67 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

367inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,97,64,216inr

2026-03-31

News

News and filings about Insolation Energy Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Aluminium frames
  • Batteries / inverters / PCU (traded inventory)
  • Solar cells / silicon PV cells (wafers)
  • Solar glass, EVA, backsheet, junction boxes

Depends on the price of

  • aluminium
  • copper
  • silver

Sells to

  • Bondada Engineering Ltd. · Solar PV modules (EPC)
  • KPI Green Energy Limited · Solar PV modules (N-type bifacial G2G); INR 733 cr GUVNL orders (2025)
  • Livfast Batteries Pvt. Ltd. · Solar PV modules
  • Livguard Energy Technologies Pvt. Ltd. · Solar PV modules
  • Microtek International Pvt. Ltd. · Solar PV modules / inverters
  • NTPC Limited · Solar PV modules; INR 558 cr module supply order (2025)
  • Nexgen Energies · Solar PV modules
  • Shakti Pumps (India) Limited · Solar PV modules (solar-pump / KUSUM projects)
  • Zunroof Tech Pvt. Ltd. · Solar PV modules (rooftop)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Power
Industry
Power Generation
Classification
Power › Power Generation
ISIN
INE0LGX01024

Plants

  • Insolation Green Energy PV module plant, Sawarda
  • Jaipur SPV module manufacturing unit
  • Narmadapuram integrated solar-cell and aluminium-frame facility · Narmadapuram, Madhya Pradesh

News impact

Big market events that reach Insolation Energy Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Bulk & block deals

DateWhoBought / soldSharesPrice
10 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY16,19,186₹125.96
10 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL16,16,305₹126.13
9 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY17,34,009₹120.72
9 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL17,34,009₹120.78
9 Jul 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDSELL17,05,694₹121.44
9 Jul 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDBUY17,05,694₹121.44
9 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY15,91,897₹121.24
9 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL15,90,333₹121.36
9 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDSELL12,44,330₹121.92
9 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDBUY12,44,330₹121.92

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.