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
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
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
Website
indosolar.co.inExchange
View on NSE ↗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
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
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
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ₹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 item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹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 item | FY21 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ₹-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 item | Jun 22–Mar 25(12Q) | Jun 25 | Sep 25–Jun 26(4Q) |
|---|---|---|---|
| Promoter | 96.15% | 95.00% | 74.93% |
| Public | 3.85% | 5.00% | 25.07% |
| Employee trusts | 0.00% | 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 | ₹2,105 | 15.9 | 7.39 | 45.9% | 0.11 | +4.6% | -33.7% |
| Infosys Limited | ₹4.20 L Cr | ₹1,037.7 | 13.5 | — | 33.9% | 0.10 | +4.6% | -31.2% |
| HCL Technologies Limited | ₹3.40 L Cr | ₹1,249.3 | 19.5 | 4.53 | 22.1% | 0.07 | +11.2% | -16.4% |
| Wipro Limited | ₹1.65 L Cr | ₹166.4 | 13.5 | 1.86 | 14.9% | 0.23 | +4.0% | -34.5% |
| Tech Mahindra Limited | ₹1.38 L Cr | ₹1,537.1 | 27.0 | 4.67 | 16.2% | 0.07 | +7.2% | -0.9% |
| LTM Limited | ₹1.26 L Cr | ₹4,275.1 | 24.2 | 5.26 | 20.9% | 0.10 | +11.3% | — |
| One 97 Communications Limited | ₹1.13 L Cr | ₹1,849.9 | 175.9 | 7.05 | 3.5% | 0.01 | +21.5% | +50.5% |
| LG Electronics India Limited | ₹1.11 L Cr | ₹1,652.9 | 60.6 | 14.42 | 22.0% | 0.06 | +1.3% | — |
| Oracle Financial Services Software Limited | ₹1.01 L Cr | ₹11,896 | 29.7 | 12.93 | 33.7% | 0.00 | +12.1% | +29.7% |
| Persistent Systems Limited | ₹85,505.25 Cr | ₹5,416 | 44.7 | 10.91 | 23.8% | 0.06 | +23.5% | -2.7% |
| Dixon Technologies (India) Limited | ₹80,805.72 Cr | ₹13,005 | 43.3 | 17.28 | 30.8% | 0.21 | +25.8% | -29.1% |
| Indosolar Limited | ₹1,114.77 Cr | ₹267.95 | 6.4 | 3.88 | 85.9% | 0.01 | +109.9% | — |
Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 17
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Indosolar Ltd Nine Monthly Results, Nine Monthly Earnings for Indosolar Ltd
The Economic Times · 1 month ago