Insolation Energy
- Market cap
- ₹ 1,444 Cr.
- P/E
- 7.2x
- P/B
- 1.82x
- 52-week range
- 62.03 – 161.81
- ROE
- 28%
- ROCE
- 22%
- Debt / equity
- 1.1
- Sector
- Power
- Industry
- Power Generation
- Listed on
- NSE, BSE
About
Insolation Energy Limited is an India-based solar photovoltaic (PV) module manufacturer with an expanding integrated renewable energy platform. The Company is mainly engaged in the business of manufacturing solar panels under the brand name INA. It is also engaged in business of sale of electricity and related project activities. The Company's subsidiary, Insolation Green Infra Private Limited, is focused on the execution of solar engineering, procurement, and construction (EPC) projects including KUSUM Components A and C, solar parks, operations and maintenance (O&M) services, and rooftop installations. Its product categories include TOPCon Solar Panel and Mono PERC Module. Its TOPCon Solar Panel products include Platinum G12R 600 Wp to 635 Wp and Platinum M10R 580 Wp to 600 Wp. Its Mono PERC Module products include Diamond Bi-facial 500 Wp and Diamond Monofacial 500 Wp. The Company serves utility-scale, commercial and industrial, rooftop and distributed solar markets across India.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Power Generation: 36 companies →Insolation Energy against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7.2 against a typical 35: cheaper than most peers (1st = cheapest).3rd of 36
- Sales growth+104.7% against a typical +6.5% from a year earlier.5th of 30
- Profit growth−11.6% against a typical −1.3% from a year earlier.15th of 25
- Share price, 3 months−36.2% against a typical −11.9%.33rd of 34
- Size₹ 1,443.7 Cr. market value against a typical ₹ 2,247.1 Cr. (1st = largest).18th of 33
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB+ | Stable | 5 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 5 Feb 2026 | New rating | CARE BBB+ | — | CARE | ₹ 40 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 25 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 15 May 2026 | Other business matters | To consider other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 325 | 397 | 362 | 415 | 575 | 794 | 741 |
| Expenses | 301 | 339 | 305 | 370 | 501 | 683 | 669 |
| Operating Profit | 24 | 57 | 57 | 45 | 75 | 111 | 72 |
| OPM % | 7% | 14% | 16% | 11% | 13% | 14% | 10% |
| Other Income | 5 | 0 | 1 | 11 | 7 | −2 | 5 |
| Interest | 4 | 1 | 3 | 5 | 8 | 8 | 12 |
| Depreciation | 3 | 3 | 3 | 6 | 12 | 15 | 17 |
| Profit before tax | 23 | 53 | 52 | 45 | 62 | 86 | 48 |
| Tax % | 18% | 20% | 17% | 18% | 18% | 19% | 20% |
| Net Profit | 19 | 42 | 43 | 37 | 51 | 70 | 38 |
| EPS in Rs | 0.84 | 1.92 | 1.95 | 1.68 | 2.3 | 3.18 | 1.68 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 97%
- TTM
- 61%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 166%
- TTM
- 58%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 47%
- TTM
- —
- 10 Years
- —
- 5 Years
- 33%
- 3 Years
- 33%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Insolation Energy | ₹ 71.25 | ₹ 1,444 Cr. | 7.2x | 1.8x | 28% | — |
| Premier Energies | ₹ 882.00 | ₹ 39,782 Cr. | 32.3x | 11.3x | 42.4% | 19.3% |
| Emmvee Photovoltaic Power | ₹ 237.80 | ₹ 16,430 Cr. | 20.1x | 6.5x | — | 22.8% |
| RRP Semiconductor | ₹ 8,044.35 | ₹ 10,960 Cr. | — | 1,378.8x | −59.8% | — |
| Vikram Solar | ₹ 127.85 | ₹ 4,633 Cr. | 14.1x | 2.2x | — | 9.8% |
| Saatvik Green Energy | ₹ 350.00 | ₹ 4,469 Cr. | 15.5x | 4.4x | 42.5% | 7.9% |
Management
- Manish Gupta
- Whole-Time Chairman of the Board
- Ravi Dusad
- Chief Financial Officer
- Deepak Arvind Jain
- Chief Technical Officer
- Nitesh Sharma
- Compliance Officer, Company Secretary
- Vikas Jain
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.