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 ₹ 8,064 Cr.
- Current Price ₹ 3,871
- High / Low ₹ 3,980 / 582
- Stock P/E 2,911
- Book Value ₹ 24.6
- Dividend Yield 0.00 %
- ROCE 7.65 %
- ROE 5.57 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 53.7 days to 37.1 days
Cons
- Stock is trading at 158 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.3.80 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 | |
|---|---|---|---|---|---|
| 88 | 163 | 215 | 259 | 229 | |
| 81 | 150 | 202 | 246 | 225 | |
| Operating Profit | 7 | 13 | 14 | 12 | 4 |
| OPM % | 8% | 8% | 6% | 5% | 2% |
| 0 | 0 | 0 | 1 | 4 | |
| Interest | 2 | 2 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 2 | 2 | 1 |
| Profit before tax | 5 | 9 | 9 | 8 | 4 |
| Tax % | 31% | 26% | 26% | 26% | 28% |
| 3 | 7 | 7 | 6 | 3 | |
| EPS in Rs | 12.36 | 27.60 | 4.63 | 2.95 | 1.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -26% |
| TTM: | -55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 554% |
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 15 | 21 | 21 |
| Reserves | 6 | 13 | 7 | 28 | 30 |
| 12 | 21 | 29 | 40 | 34 | |
| 6 | 14 | 16 | 16 | 10 | |
| Total Liabilities | 26 | 50 | 67 | 104 | 95 |
| 8 | 10 | 9 | 8 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 2 | 5 | 8 |
| 19 | 40 | 56 | 91 | 80 | |
| Total Assets | 26 | 50 | 67 | 104 | 95 |
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
-
Corrigendum To The Notice Of The Extraordinary General Meeting Of Insolation Energy Limited
1d - Corrigendum to EGM notice with updated resolutions.
-
Board Meeting Intimation for Intimation Of Board Meeting Of 'Insolation Energy Limited' In Accordance With Regulation 29 Of Securities & Exchange Board Of India (LODR) Regulations, 2015
2d - Board meeting to consider share split and EGM.
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Board Meeting Intimation for Prior Intimation Under Regulation 29 Of The SEBI (LODR) Regulations, 2015
2d - Board meeting to approve financial results on 7th November.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Insolation Group awarded Rs. 500.50 Cr contract from RREC.
-
Grant Of Options To The Eligible Employees Under - Insolation Energy Employee Stock Option Plan 2024 ('ESOP 2024'/'Plan')
28 Oct - Grant of 5,000 employee stock options under ESOP 2024.
Market Position
The company is the 2nd largest North Indian manufacturer of solar panels, batteries, and inverters based in Jaipur, Rajasthan. [1]