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Insolation Energy share price & results

Insolation Energy Limited· Power· Utilities

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Integrated solar manufacturer of PV modules, cells and aluminium frames, based in Rajasthan.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue741 ₹ crore+104.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin10.0 %−6.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit38.0 ₹ crore−11.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity27.60 %−6.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-24.28 %−19.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−20.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 3 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.

Insolation Energy Limited management guidance track record on Inve: 12 targets tracked across analysed earnings calls (1 achieved, 2 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Total RevenueINR 3,000 crores plus
Call transcript, Q4 FY25 · 9 Jun 2025		Q4 FY25Q4 FY26:Actual FY26 revenue was INR 2,146 crores. This missed the original INR 3,000+ cr target but exceeded the revised INR 2,000 cr guidance.
Call transcript, Q4 FY26 · 27 May 2026		Achieved*
FY26 PAT Margin11.1%
Call transcript, Q4 FY25 · 9 Jun 2025		Q4 FY25Q4 FY26:Actual FY26 PAT margin was 9.3%.
Call transcript, Q4 FY26 · 27 May 2026		Missed
FY28 Total RevenueINR 8,500 crores plus
Call transcript, Q4 FY25 · 9 Jun 2025		Q4 FY25Q4 FY26:Sir, FY28 we are targeting more than INR5,000 crores of the top-line revenue.
Call transcript, Q4 FY26 · 27 May 2026		Revised Down

Source: Inve Guidance Tracker for Insolation Energy Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Insolation Energy Limited's 12 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 9 more targets are in the full ledger.

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Price

₹68.94 +9.19% · +₹5.8

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −63.8% 1Y

₹100₹150₹200Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 17 Feb 2026Q4 FY26 — 27 May 2026

1Y: ₹190.7 on 24 Oct 2025 → ₹68.94. High ₹190.7 (24 Oct 2025), low ₹63.14 (26 Oct 2026).

Previous close
₹63.14
Market cap
₹1.4k Cr
52-week range
₹63.14 – ₹187.8
One year
−63.29%
Price to earnings (TTM to Jun 2026)
7.13×
Return on equity (TTM to Jun 2026)
27.60%

Overview

Symbol
NSE:INA
Sector
Power
Industry
Utilities
Exchange
NSE
Currency
INR

What Insolation Energy Limited does

Based on the company's own presentations, annual report and earnings calls.

Insolation Energy Limited (INA Solar) is a fully integrated solar manufacturer producing crystalline-silicon PV modules, solar cells (TOPCon technology) and aluminium module frames, and is extending backward into ingot/wafer capacity to complete the solar value chain. It earns by selling modules and cells through a multi-channel distribution network spanning government schemes (PM KUSUM, DISCOM tenders), EPC contractors, project developers, OEM tie-ups and a pan-India channel-partner/distributor base serving commercial and rooftop solar demand. Through its subsidiary Insolation Green Infra, the group also undertakes EPC contracting and runs its own independent power producer (IPP) solar parks, including PM-KUSUM Component A/B/C projects, rooftop installations and O&M services. A separate wholly-owned subsidiary, Insolation Green Energy, houses part of the manufacturing operations.

Segments

  • Solar Manufacturing
  • EPC & IPP
PV module manufacturing capacity (current)
5.5 GW
Employees
1,500+
Customer base
25,000+
Channel partners / distributors
700+
Manufacturing facilities
5 units — 3 in Jaipur, Rajasthan and 2 in Narmadapuram, Madhya Pradesh
Ongoing IPP solar projects
400+ MW
Founded 2017Headquarters Jaipur, Rajasthan, India

How the price took the results

close before → close after

Q4 FY26
−9.4%
27 May
Q3 FY26
+1.5%
17 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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