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Indosolar

WAAREEINDO
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Indosolar Share price and Fundamental Analysis

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Indosolar Ltd is a leading Indian manufacturer of solar photovoltaic cells. The company manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the 'photo-voltaic effect'. The company is having their manufacturing facilities located at Greater Noida, Uttar Pradesh.
Company Incorporation2005
ChairmanNA
Head QuartersGreater Noida
Previous NameNA

Key Metrics

Market Cap (Cr)
1,064.85
PE Ratio
19.43
Industry P/E
30.38
PEG Ratio
0
ROE
135.55%
ROCE
63.07%
ROA
22.75%
Total Debt (Cr)
50.04
Debt to Equity
1.24
Dividend Yield
0%
EPS
13.17
Book Value & P/B
9.71 x 26.35
Face Value
10
Outstanding Shares(Cr)
4.16
Current Ratio
0.89
EV to Sales
3.4

Stock Returns

1 Week0%
1 Month+47.72%
6 Months+47.72%
1 Year+47.72%
3 Years+47.72%
5 Years+47.72%
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2.4
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Corporate Action

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PARTICULARS

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Total Expenses

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Operating Profit

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Adj EPS in Rs - Basic

Adj EPS in Rs - Diluted

Profit and Loss Statement

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Auditor Report
Jun 25

Promoters : 95.00%

FIIs : 0.01%

DIIs : 0.05%

Public : 4.94%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in June 2025 Qtr
FII Shareholding Increased by 0.01% to 0.01% in June 2025 Qtr
DII Shareholding Increased by 0.05% to 0.05% in June 2025 Qtr
Promoter Shareholding Decreased by 1.15% to 95.0% in June 2025 Qtr

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ROE

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ROCE

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Dividend History

Indosolar Competitors

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5 Year FactSheet

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Indosolar Management and History

Company Management

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Company History

Indosolar Ltd is a leading Indian manufacturer of solar photovoltaic cells. The company manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the 'photo-voltaic effect'. The company is having their manufacturing facilities located at Greater Noida, Uttar Pradesh.

The company markets and sells their products to primarily module manufacturers on a business-to-business (B2B) platform, who in turn supply to the system integrators who install the systems for grid and off-grid (roof top) applications for use in the domestic market as well as markets in Europe, Spain, Japan, Asia, Canada and USA. They sell their products to various customers within the country and also exports to other countries.

The company uses a fully automated horizontal in-line, state-of-the-art technology for manufacture of SPV cells which offer high average efficiency levels of up to 16.15%. They have entered into arrangements with Schmid Technology Systems GmbH (Schmid), one of the operators in SPV cell manufacturing technology and a vertically integrated player in the SPV cell industry, for delivery, installation and commissioning of the plant and machinery at their facility, on a turnkey basis.

Indosolar Ltd was incorporated on April 8, 2005 as a private limited company with the name Robin Garments Pvt Ltd. In November 21, 2005, the company executed a lease deed with the GNIDA for grant of 27,158.78 square meter of land. In January 2008, they executed a joint business development agreement with erstwhile Indosolar Ltd. Also, they executed a supply agreement with Schmid for planning, supply, installation and commission of first line of their solar cell project.

In January 2008, the company commenced work for setting up of their SPV cell manufacturing facility in Greater Noida. In February 2008, the company changed the object of the company from the business of readymade garments to solar energy cells. Subsequently, the name of the company was changed from Robin Garments Pvt Ltd to Robin Solar Pvt Ltd pursuant to a special resolution of their shareholders dated July 2, 2008. In July 2009, the company commenced commercial production of SPV cells with one manufacturing line having an annual manufacturing capacity of 80 MW. In September 2009, as per the scheme of amalgamation, the erstwhile Indosolar Ltd was amalgamated with the company with effect from the appointed date January 1, 2009. Pursuant to the amalgamation, the status of the company was changed from private limited to public limited company and the name was changed to Indosolar Ltd with effect from October 30, 2009, as the erstwhile transferor company was widely known.

In the year 2010, the company was registered as member of Bharat Oil & Waste Management Ltd for safe, legal and scientific disposal of hazardous waste. In March 2010, the company commenced the commercial production of their second manufacturing line of SPV cells having an annual manufacturing capacity of 80 MW.

The Company started the project for manufacturing of Solar Photovoltaic Cells by installing two lines of 80 MW each. The first line already commenced commercial production with effect from 17th July 2009 and second line commenced commercial production effective from 17th March 2010. The projected cost of these lines were estimated to be Rs. 620 Crores, however the actual amount incurred till 17th March 2010 in the project for these two lines costed Rs. 673.27 Crores leading to cost overrun aggregating to Rs. 53.27 Crores.

Indosolar Share Price

Indosolar share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Indosolar Market Cap

Market capitalization of Indosolar indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Indosolar is valued compared to its competitors.

Indosolar PE Ratio

Indosolar PE ratio helps investors understand what is the market value of each stock compared to Indosolar 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Indosolar PEG Ratio

The PEG ratio of Indosolar evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Indosolar ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Indosolar generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Indosolar ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Indosolar in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Indosolar Total Debt

Total debt of Indosolar shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Indosolar Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Indosolar compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Indosolar CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Indosolar over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Indosolar Technical Analysis

Technical analysis of Indosolar helps investors get an insight into when they can enter or exit the stock. Key components of Indosolar Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Indosolar shares often struggle to rise above due to selling pressure.

Indosolar Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Indosolar ’s financial health and profitability.

Indosolar Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Indosolar Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Indosolar Financials

The financials of Indosolar provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Indosolar Profit and Loss Statements

The profit and loss statement of Indosolar highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Indosolar .

Indosolar Balance Sheet

The balance sheet presents a snapshot of Indosolar ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Indosolar Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.