WAAREEINDO · NSE

Indosolar Limited

₹267.95

+3.54% (+₹9.15)

Prev. close

₹258.8

Volume

2,93,556

Delivery %

38.4%

As of

18 Sept 2026

Price history

₹267.95-₹110.2 (-29.14%) · 3M
10 Jun 202618 Sept 2026
₹420.65₹246.9510 Jun03 Jul03 Aug26 Aug18 Sept
Daily closes · updates after each session

No analyst calls on this stock in the last 90 days yet.

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Analyst opinions

No analyst calls on Indosolar Limited in the last 90 days.

Fundamentals

About Indosolar Limited

Indosolar Limited engages in the manufacturing and trading of solar photovoltaic modules in India, Europe, the United States, Middle East, and Asia. It offers solar modules, including TOPCon modules and Mono PERC technology The company was incorporated in 2005 and is based in New Delhi, India. Indosolar Limited is a subsidiary of Waaree Energies Limited.

Details

Sector

Technology

Industry

Solar

CEO

Dr. Jignesh Devchandbhai Rathod

Headquarters

New Delhi

Employees

91

Key stats

Market cap

₹1,114.77 Cr

P/E ratio (TTM)

6.7

EPS (TTM)

₹40.00

Beta (1Y · daily vs NIFTY 50)

0.90

Beta (5Y · monthly vs NIFTY 50)

0.48

Shares float

92.90 L

EPS · quarter ended Jun 2026

₹8.80

Financial Performance

01 · Financials

-1000 Cr0 Cr1000 Cr2000 Cr0%50%100%150%FY21FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

FY21 growth needs FY20 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

-1000100200FY21FY23FY24FY25FY26

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-25000%0%25000%50000%FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr100 Cr200 Cr300 Cr400 Cr20×40×60×FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Debt/equity omitted where reported equity was zero or negative. Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr100 Cr200 Cr300 Cr400 CrFY21FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-100 Cr0 Cr100 Cr200 CrFY21FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY23FY24FY25FY26
₹0₹0₹0₹323.91 Cr₹679.85 Cr
EBITDA₹-80.08 L₹1,086.76 Cr₹-3.09 Cr₹95.88 Cr₹272.26 Cr
₹-7.95 Cr₹1,081.17 Cr₹-15.44 Cr₹54.78 Cr₹246.60 Cr
Diluted EPS₹-0.21₹178.36₹-3.71₹13.17₹59.27

Total expenses (as filed), Employee benefit expense have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹65.33 Cr₹150.13 Cr₹240.76 Cr₹344.40 Cr
₹63.05 Cr₹101.69 Cr₹50.04 Cr₹3.07 Cr
Stockholders' equity₹1.08 Cr₹-14.37 Cr₹40.41 Cr₹287.01 Cr

Total assets, Current assets, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt, Stockholders' equity have filed figures for only some of the years shown — the missing years are left blank rather than estimated. Inventory shows ₹0 for 2022-03-31, 2023-03-31 — this deck's own annual-report reading has no Inventory figure for this filer in any year shown (2022-03-31, 2023-03-31, 2021-03-31 alike); the ₹0 shown here comes from this filer's own reported data feed rather than this deck's own extraction, and is positively consistent with a filer that holds no physical inventory (typical for lenders and other financial-services companies) rather than a display default. 2021-03-31 has no Inventory figure reaching this deck at all — not shown as zero, not shown as positive — left blank rather than assumed to match the other years.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY23FY24FY25FY26
₹-60.23 L₹-14.36 Cr₹18.31 Cr₹85.05 Cr₹78.37 Cr
Investing cash flow₹-1.07 Cr₹-2.73 Cr₹-56.09 Cr₹-19.72 Cr₹-24.46 Cr
₹-1.95 L₹17.70 Cr₹37.85 Cr₹-53.23 Cr₹-65.85 Cr
Capital expenditure₹-3.75 Cr₹-60.04 Cr₹-20.58 Cr₹-24.88 Cr
End cash position₹1.28 L₹85.93 L₹92.87 L₹13.03 Cr₹1.09 Cr

Debt issued, Debt repaid, Dividends paid, Capital expenditure have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

Annual only — the data source has no quarterly cash-flow-statement coverage.

11 · Shareholding Pattern

NSE, quarterly

Line itemJun 22Mar 25(12Q)Jun 25Sep 25Jun 26(4Q)
Promoter96.15%95.00%74.93%
Public3.85%5.00%25.07%
Employee trusts0.00%0.00%0.00%

Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.

12 · Peer Comparison

Technology

Company
Tata Consultancy Services Limited₹7.92 L Cr₹2,10515.97.3945.9%0.11+4.6%-33.7%
Infosys Limited₹4.20 L Cr₹1,037.713.533.9%0.10+4.6%-31.2%
HCL Technologies Limited₹3.40 L Cr₹1,249.319.54.5322.1%0.07+11.2%-16.4%
Wipro Limited₹1.65 L Cr₹166.413.51.8614.9%0.23+4.0%-34.5%
Tech Mahindra Limited₹1.38 L Cr₹1,537.127.04.6716.2%0.07+7.2%-0.9%
LTM Limited₹1.26 L Cr₹4,275.124.25.2620.9%0.10+11.3%
One 97 Communications Limited₹1.13 L Cr₹1,849.9175.97.053.5%0.01+21.5%+50.5%
LG Electronics India Limited₹1.11 L Cr₹1,652.960.614.4222.0%0.06+1.3%
Oracle Financial Services Software Limited₹1.01 L Cr₹11,89629.712.9333.7%0.00+12.1%+29.7%
Persistent Systems Limited₹85,505.25 Cr₹5,41644.710.9123.8%0.06+23.5%-2.7%
Dixon Technologies (India) Limited₹80,805.72 Cr₹13,00543.317.2830.8%0.21+25.8%-29.1%
Indosolar Limited₹1,114.77 Cr₹267.956.43.8885.9%0.01+109.9%

Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.

Documents

WAAREEINDO

Indosolar Ltd Nine Monthly Results, Nine Monthly Earnings for Indosolar Ltd

The Economic Times · 1 month ago

WAAREEINDO

Indosolar Margin Surges Despite Revenue Drop in Q1 FY27

TipRanks · 2 months ago