Insolation Energy share price, P/E, ROE & financials

Insolation Energy (INA) had a P/E of 7.9× on 6 Nov 2026, below the industry P/E of 15.5×, and the shares are 56% below their 52-week high. It earns ROCE of 19% and ROE of 28%, and sales and net profit grew 97% and 166% a year over 3 years. Debt is 1.10× equity. It is a small-cap company with a market cap of ₹1,583 Cr, ranked 13th of 27 Solar companies by market cap; the shares fell 26% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Mar 2026.How we calculate this

past year

Open: ₹72.87
Day high: ₹73.69
Day low: ₹70.84
Prev. close: ₹73.98
Volume: 2.7 L

Health check

2 good · 2 fair · 2 to check

ReturnsIn line
−25.8% over a year, better than 3 of 7 peers.
Price tagCheaper
P/E 7.9 vs industry 15.5.
GrowthStrong
Sales +97.0%, profit +165.8% a year over 3 years.
ProfitabilityWeak
ROCE 19.1% vs peer median 27.4%.
Balance sheetFair
Debt 1.10× equity, interest covered 12.1×.
Red flags1 to check
56% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Solar

26 listed peers. Screen the industry

Small cap

₹1,583 Cr, #13 of 27 in its industry by size.

Defensive

Beta 0.57 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Mar 2026: sales ₹2,525 Cr · profit ₹194 Cr

Market cap: ₹1,583 Cr; Small cap
P/E: 7.9; Industry 15.5
Price to book: 1.97; Peers 4.38
Dividend yield: 0.00%
ROE: 28.3%; Peers 29.9%
ROCE: 19.1%; Peers 27.4%
Debt to equity: 1.10; Debt ₹888 Cr
EPS (TTM): ₹9.10; Face value ₹1
OPM (TTM): 7.5%; Net margin 7.7%
Sales growth: +100.1%; Latest quarter vs a year ago
Profit growth: +65.4%; Latest quarter vs a year ago
Price to sales: 0.63; EV/EBITDA 6.5

Strengths

Return on equity of 28.3%.
Quarterly profit up 65.4% on a year ago.
Quarterly sales up 100.1% on a year ago.
P/E of 7.9 against an industry P/E of 15.5.

Risks to check

56% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Insolation Energy

Insolation Energy Limited engages in the manufacture and sale of solar panels and modules under INA brand name in India. The company provides monocrystalline passive emitter and rear cell and polycrystalline solar photovoltaic (PV) modules for use in various applications, such as on-grid large scale utility system, on-grid rooftop residential and commercial system, net metering solution, off-grid residential system, solar pumping applications, rural…

Headquarters: Jaipur
Employees: 721
Sector: Technology
ISIN: INE0LGX01024
Website: insolationenergy.in

Price range

52 weeks

₹62.03₹161.81

Today

₹70.84₹73.69

Avg volume (3M): 6.6 L
1-year return: minus 25.8%
From 52-week high: minus 55.6%

Peers · Solar

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
WAAREEENERWaaree Energies	2,438.00	minus 0.46%	70,129	19.0	12.0	30.1%	19.9%	0.31	57.8%	minus 27.3%
PREMIERENEPremier Energies	890.00	plus 0.85%	40,316	22.5	17.4	27.4%	29.9%	0.86	76.2%	minus 15.3%
EMMVEEEmmvee Photovoltaic Power	251.31	minus 0.28%	17,399	12.1	9.7	34.5%	34.7%	0.25	102.7%	plus 14.5%
KARAMTARAKaramtara Engineering	375.70	minus 0.96%	12,091	52.8	27.7	18.1%	9.0%	0.91	40.4%	plus 6.7%
UTLSOLARFujiyama Power Systems	351.80	minus 9.21%	10,811	35.7	22.5	28.9%	18.8%	0.41	58.7%	plus 68.8%
BORORENEWBOROSIL RENEWABLES	403.20	minus 2.55%	5,934	13.4	12.1	9.5%	30.1%	0.07	20.2%	minus 37.6%
VIKRAMSOLRVikram Solar	142.39	plus 1.95%	5,160	14.1	6.0	20.5%	15.4%	0.20	32.3%	minus 56.6%
INAInsolation Energy	71.79	minus 2.96%	1,583	7.9	6.8	–	7.5%	1.10	97.0%	minus 25.8%
Median of 7 peers	–	−0.46%	12,091	19.0	12.1	27.4%	19.9%	0.31	57.8%	−15.3%

Quarterly results

Consolidated, ₹ crore · latest reported Mar 26

SalesSelect a row below to chart it

Mar 25	Dec 25	Mar 26
397	575	794
339	501	683
57.4	74.8	111
14.5%	13.0%	13.9%
−0.6	6.9	−1.5
0.9	8	7.9
3	11.8	15
0.3	–	–
53.2	62	86.3
20.3%	18.1%	19.1%
42.4	50.7	70.1
2.00	2.27	3.17

Jun 25, Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +97.0%
Profit CAGR 3Y: +165.8%
ROE: 28.3%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
278	735	1,331	2,126
–	+164.5%	+81.0%	+59.7%
259	654	1,167	1,839
18.7	80.9	164	288
6.7%	11.0%	12.3%	13.5%
0.5	2.2	7.6	15.8
3	8.8	7.5	22
2.3	7.1	11.3	35.8
−0.1	0.3	0.5	−0.5
13.8	67.5	153	245
22.6%	17.9%	17.9%	18.2%
10.7	55.5	126	201
–	+419.3%	+126.4%	+59.8%
0.60	2.66	5.94	–

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
20.8	20.8	22	22
32.1	87.3	586	785
67.9	107	120	888
38.5	59.3	123	460
159	275	851	2,155
38.3	59	226	668
0.4	1.6	138	143
–	6.5	24.8	3
22.6	54.8	314	532
98	153	149	810
159	275	851	2,155

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−1.4	30.3	26.5	−73.1
−29	−33.5	−458	−186
45.4	28.1	385	698
15	24.9	−46	439
−29	−17	−91.7	−448
−30.4	13.3	−65.2	−521
–	–	–	−2.2

Shareholding pattern

Source: NSE filings

66.1%

promoters

Promoters66.09%
Public33.91%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	66.09%	33.91%	minus 0.03
30 Jun 2026	66.12%	33.88%	0.00
31 Mar 2026	66.12%	33.88%	0.00
6 Mar 2026	66.12%	33.88%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you