543620

Insolation Ener share price & financials

Price
₹117.2
Market cap
₹2.0k Cr
Sector
Power
Calls analysed
1
Latest concall · Q4 FY25 · call held 09 Jun 2025

Insolation Ener Q4 FY25

Revenue ₹1,333.8 cr +81%EBITDA ₹170 cr +103%EBITDA Margin 12.8% Net Debt ₹-206 cr

Revenue ₹1,334 cr (+81% YoY); EBITDA ₹170 cr (+103% YoY); EBITDA Margin 12.8%. Consolidated revenue for FY25 increased by 80.9% to INR 1,333.80 crores.

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What Insolation Ener does

Insolation Energy manufactures solar photovoltaic modules - including N-type TOPCon and P-type MonoPERC panels - at two operational plants in Jaipur, Rajasthan, with a third module line at an adjacent Jaipur site under construction. Its subsidiary Insolation Green Infra Private Limited executes solar EPC and project work, including PM-KUSUM (Components A, B, C) installations, independent power projects (IPP), solar parks, rooftop solar and O&M services. Modules and projects reach customers through channel partners, government tenders/schemes, EPC developers and OEM relationships, spanning residential, commercial and industrial (C&I), solar-pump and utility-scale solar segments. The company is also building backward-integration capacity for solar cells and aluminium frames at a new site in Narmadapuram, Madhya Pradesh.

Segments

  • Solar module & component manufacturing
  • EPC & solar projects
Operational PV module manufacturing capacity
1 GW
Operational manufacturing plants
2 plants in Jaipur, Rajasthan (INA 1 and INA 2)
Additional module line under construction
3 GW PV module + 18,000 MTA aluminium frame line (Unit INA 3, Jaipur)
Customer base
15,000+
Channel/distribution partners
800+
Geographic reach
100+ districts across India
Founded 2015Headquarters Jaipur, Rajasthan, India Company website

Guidance record · Q4 FY25

what the last two calls moved 12 tracked 0 delivered 0 missed 12 open
  • Total Revenue open said Q4 FY25 Promised: INR 3,000 crores plus in FY26 Q4 FY25: Guidance set at INR 3,000 crores plus for FY26.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 59.9%, net profit down 706.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue56 23 35 30 35 −38%13 −43%20 −43%12 −60%
EBITDA1 -1 1 2 4 +306%5 +864%-3 −467%-2 −176%
Net profit1 2 1 0 5 +420%3 +94%-2 −321%-3 −706%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −53.9% 1Y

₹100₹150₹200Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹202 on 10 Sept 2025 → ₹93.09. High ₹213.85 (22 Sept 2025), low ₹82.05 (30 Mar 2026).

Financials, as filed

Year endingFY26
Revenue₹98 Cr
Operating profit₹8 Cr
Operating margin7.7%
Interest₹3 Cr
Depreciation₹3 Cr
Net profit₹7 Cr
Net margin7.3%
Cash from operations₹-0 Cr
Free cash flow₹-29 Cr
ROCE2.5%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹3 Cr₹15 Cr₹21 Cr₹21 Cr₹22 Cr₹22 Cr
Reserves₹13 Cr₹7 Cr₹28 Cr₹30 Cr₹418 Cr₹420 Cr
Borrowings₹21 Cr₹29 Cr₹40 Cr₹34 Cr₹31 Cr₹58 Cr
Other liabilities₹14 Cr₹16 Cr₹16 Cr₹10 Cr₹53 Cr₹44 Cr
Total liabilities₹50 Cr₹67 Cr₹104 Cr₹95 Cr₹524 Cr₹544 Cr
Fixed assets₹10 Cr₹9 Cr₹8 Cr₹7 Cr₹35 Cr₹39 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Investments₹0 Cr₹2 Cr₹5 Cr₹8 Cr₹328 Cr₹387 Cr
Other assets₹40 Cr₹56 Cr₹91 Cr₹80 Cr₹161 Cr₹117 Cr
Total assets₹50 Cr₹67 Cr₹104 Cr₹95 Cr₹524 Cr₹544 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Mar 2025, the public trimmed −0.88 pp while DIIs added +0.85 pp. The shareholder count grew 404% to 26,561.

Promoters
66.1%
FIIs
0.8%
DIIs
1.3%
Public
31.8%

Since Mar 2025

  • Public −0.88 pp
  • DIIs +0.85 pp
  • Promoters +0.11 pp

How it drifted, 10 quarters

Over this window promoters fell from 69.8% to 66.1% — −3.7 pp.

Oct '22Sep '24Jun '26

Ownership split by quarter, oldest first. Oct '22: Promoters 69.8%, FIIs 0.1%, DIIs 0.2%, Public 29.9%.Mar '23: Promoters 69.9%, Public 30.1%.Sep '23: Promoters 70.0%, FIIs 0.0%, Public 30.0%.Mar '24: Promoters 70.0%, Public 30.0%.Sep '24: Promoters 70.0%, FIIs 0.6%, Public 29.4%.Dec '24: Promoters 66.2%, FIIs 1.4%, DIIs 0.1%, Public 32.3%.Mar '25: Promoters 66.0%, FIIs 0.9%, DIIs 0.4%, Public 32.6%.Sep '25: Promoters 66.1%, FIIs 0.8%, DIIs 0.6%, Public 32.5%.Mar '26: Promoters 66.1%, FIIs 1.1%, DIIs 0.7%, Public 32.0%.Jun '26: Promoters 66.1%, FIIs 0.8%, DIIs 1.3%, Public 31.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Insolation Ener above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Manish Gupta 33.06%unchanged
Vikas Jain 32.91%unchanged
Siddhartha Sharma 1.51%unchanged
Mahendra Kumar Jain 0.07%unchanged
Vikas Jain Huf 0.05%unchanged
Manish Gupta Huf 0.01%unchanged
Rahul Gupta 0.01%unchanged
Sudha Jain 0.00%unchanged
Santosh Jain 0.00%unchanged
Sachin Gupta 0.00%unchanged
Sandeep Jain 0.00%unchanged
Payal Gupta 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Insolation Ener

Guides on how to read this kind of business and the numbers that matter.