Indosolar Ltd

₹ 3.30 -4.35%

24 Jun 2022

About

lndosolar Limited was incorporated in 2005. The company is a manufacturer of solar photovoltaic cells. The Company had shut down its production facilities and the company is under Corporate insolvency Resolution Process under insolvency and Bankruptcy Code. The registered office of the company is in New Delhi.^[1]^[2]

Key Points

Products & Services
Cells:
The company offers multi-crystalline silicon cells under its Sona series, and the company offers mono-crystalline silicon cells under its Sapphire series.

Photovoltaic Modules:
The company provides PV modules for residential, commercial and utility-scale installations..

Solar Solutions:
The company offers reliable and innovative super solar solutions like Residential Rooftop Systems for Home, Solar Street Lightning, etc.^[1]^[2]^[3]

Website BSE

Market Cap ₹ 123 Cr.
Current Price ₹ 3.30
High / Low ₹ /
Stock P/E
Book Value ₹ -0.35
Dividend Yield 0.00 %
ROCE -10.1 %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.35	0.31	0.29	0.50	0.18	0.96	0.26	0.59	0.25	0.31	2.07	1.32	0.97
Operating Profit	-0.35	-0.31	-0.29	-0.50	-0.18	-0.96	-0.26	-0.59	-0.25	-0.31	-2.07	-1.32	-0.97
OPM %
	0.06	0.07	0.43	0.09	1,091.57	0.81	0.21	-3.84	0.06	0.04	0.09	0.67	0.10
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.10	1.08	1.82	1.87	3.00	3.36
Depreciation	1.79	1.79	1.79	1.79	0.50	0.50	0.50	2.76	1.12	1.12	1.18	1.17	0.75
Profit before tax	-2.08	-2.03	-1.65	-2.20	1,090.89	-0.65	-0.55	-8.29	-2.39	-3.21	-5.03	-4.82	-4.98
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.90%	0.00%	0.00%	0.00%	0.00%	0.00%
	-2.08	-2.03	-1.64	-2.20	1,090.89	-0.64	-0.55	-8.53	-2.39	-3.21	-5.03	-4.82	-4.98
EPS in Rs	-0.06	-0.05	-0.04	-0.06	29.32	-0.02	-0.01	-0.21	-0.06	-0.08	-0.12	-0.12	-0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	53	16	296	258	442	314	13	0	0	0	0	0	0
	82	44	248	248	368	336	38	2	1	8	2	4	5
Operating Profit	-29	-28	48	10	75	-21	-25	-2	-1	-8	-2	-4	-5
OPM %	-55%	-182%	16%	4%	17%	-7%	-186%			-4,068%
	4	2	4	2	3	-60	-425	1	1	-107	1,089	1	1
Interest	59	81	103	126	106	54	51	0	0	0	1	8	10
Depreciation	39	30	27	27	29	28	24	7	7	7	4	5	4
Profit before tax	-124	-137	-78	-141	-58	-163	-525	-8	-8	-122	1,081	-15	-18
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-124	-137	-78	-141	-58	-163	-525	-8	-8	-122	1,081	-15	-18
EPS in Rs	-3.70	-4.09	-2.18	-3.94	-1.62	-4.38	-14.11	-0.22	-0.21	-3.29	26.24	-0.37	-0.44
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	7%
5 Years:	13%
3 Years:	-61%
TTM:	-118%

Stock Price CAGR
10 Years:	-7%
5 Years:	46%
3 Years:	6%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2023	Mar 2024
Equity Capital	335	335	358	358	358	372	372	372	42	42
Reserves	-249	-386	-465	-606	-667	-829	-1,354	-1,370	-41	-56
	921	1,013	987	965	942	820	829	829	63	102
	135	198	244	385	483	380	412	407	1	63
Total Liabilities	1,142	1,161	1,125	1,102	1,116	744	259	238	65	150
	522	492	470	445	452	427	154	140	48	47
CWIP	500	569	574	597	563	257	83	83	4	94
Investments	0	0	0	0	0	0	0	0	0	0
	120	100	81	60	101	60	21	14	13	9
Total Assets	1,142	1,161	1,125	1,102	1,116	744	259	238	65	150

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-26	-23	79	16	55	29	32	-1	-1	-0	-14	18
	-77	-4	-61	-2	-28	-8	-23	2	-1	0	-3	-56
	97	28	-10	-24	-21	-25	-12	-0	0	1	18	38
Net Cash Flow	-6	2	8	-9	6	-4	-2	1	-2	0	1	0

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2024
Debtor Days	122	77	2	5	9	3	4
Inventory Days	311	1,080	41	50	45	35	112
Days Payable	333	415	21	82	34	82	1,787
Cash Conversion Cycle	100	742	22	-27	21	-43	-1,671
Working Capital Days	-206	-6,507	-606	-1,032	-1,062	-955	-32,681
ROCE %	-7%	-6%	3%	-2%	7%	-9%	-44%	-10%

Shareholding Pattern

Numbers in percentages

	Sep 2020	Dec 2020	Mar 2021	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	56.90%	56.90%	56.90%	96.15%	96.15%	96.15%	96.15%	96.15%	96.15%	96.15%	96.15%	96.15%
	1.31%	1.31%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	41.79%	41.79%	41.79%	3.86%	3.86%	3.86%	3.86%	3.86%	3.86%	3.86%	3.86%	3.86%
No. of Shareholders	56,471	56,108	56,773	60,868	60,868	60,868	60,868	60,868	60,868	60,868	60,868	60,868

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Jun 2024
	57.66%	56.90%	56.90%	56.90%	56.90%	96.15%	96.15%	96.15%
	0.00%	0.02%	0.05%	0.05%	0.00%	0.00%	0.00%	0.00%
	4.52%	4.20%	4.20%	1.31%	1.31%	0.00%	0.00%	0.00%
	37.83%	38.88%	38.85%	41.74%	41.79%	3.86%	3.86%	3.86%
No. of Shareholders	54,778	58,342	57,406	56,599	56,773	60,868	60,868	60,868

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Indosolar Ltd

Indosolar Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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