Insolation Energy Ltd
Incorporated in 2015, Insolation Energy Ltd is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's 200 MW SPV Module manufacturing unit is located in Jaipur, spread over more than 60,000 Sq. ft area with the latest machinery.[1]
- Market Cap ₹ 8,493 Cr.
- Current Price ₹ 4,077
- High / Low ₹ 4,750 / 595
- Stock P/E
- Book Value ₹ 25.1
- Dividend Yield 0.00 %
- ROCE 7.65 %
- ROE 5.57 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 53.7 days to 37.1 days
Cons
- Stock is trading at 162 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.3.70 Cr.
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 88 | 163 | 215 | 259 | 229 | 142 | |
| 81 | 150 | 202 | 246 | 225 | 145 | |
| Operating Profit | 7 | 13 | 14 | 12 | 4 | -2 |
| OPM % | 8% | 8% | 6% | 5% | 2% | -2% |
| 0 | 0 | 0 | 1 | 4 | 4 | |
| Interest | 2 | 2 | 3 | 3 | 3 | 2 |
| Depreciation | 1 | 1 | 2 | 2 | 1 | 1 |
| Profit before tax | 5 | 9 | 9 | 8 | 4 | -2 |
| Tax % | 31% | 26% | 26% | 26% | 28% | |
| 3 | 7 | 7 | 6 | 3 | -1 | |
| EPS in Rs | 12.36 | 27.60 | 4.63 | 2.95 | 1.38 | -0.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | -50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -26% |
| TTM: | -118% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 511% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 15 | 21 | 21 | 21 |
| Reserves | 6 | 13 | 7 | 28 | 30 | 32 |
| 12 | 21 | 29 | 40 | 34 | 26 | |
| 6 | 14 | 16 | 16 | 10 | 12 | |
| Total Liabilities | 26 | 50 | 67 | 104 | 95 | 90 |
| 8 | 10 | 9 | 8 | 7 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 2 | 5 | 8 | 8 |
| 19 | 40 | 56 | 91 | 80 | 74 | |
| Total Assets | 26 | 50 | 67 | 104 | 95 | 90 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 4 | 1 | 10 | -20 | 14 | |
| -2 | -4 | -1 | -0 | -1 | |
| -1 | 2 | -3 | 30 | -5 | |
| Net Cash Flow | 1 | -0 | 6 | 10 | 8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 34 | 22 | 28 | 35 | 23 |
| Inventory Days | 33 | 41 | 48 | 48 | 27 |
| Days Payable | 21 | 29 | 24 | 19 | 15 |
| Cash Conversion Cycle | 46 | 33 | 52 | 64 | 35 |
| Working Capital Days | 51 | 59 | 54 | 70 | 37 |
| ROCE % | 40% | 28% | 16% | 8% |
Documents
Announcements
-
Voting Results Of 2Nd Extraordinary General Meeting (EGM) Of The Company For The Financial Year 2024-25
14 Nov - Voting results and scrutinizer report of EGM.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
14 Nov - Voting results and scrutinizer report of EGM.
-
Shareholder Meeting / Postal Ballot-Outcome of EGM
13 Nov - Summary of 2nd Extraordinary General Meeting proceedings.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
13 Nov - Insolation Green Energy awarded Rs. 71.4 crore order for solar modules.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Nov - Read with Para A Part A of Schedule III of the SEBI (LODR) Regulations, 2015, as amended, we hereby enclose the Copy of Newspaper Advertisement …
Market Position
The company is the 2nd largest North Indian manufacturer of solar panels, batteries, and inverters based in Jaipur, Rajasthan. [1]