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GOLD 24K (10g)₹75,420+0.38%
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Indosolar Limited

Indosolar Limited

NSE: WAAREEINDO
SolarTechnologySMALL CAPMCap ₹885.0 Cr
₹212.71₹2.32 (+1.10%)

Market Closed • NSE

Market cap₹885.0 Cr
Enterprise value₹872.8 Cr
P/E TTM5.32
P/B3.08
EPS TTM₹40.00
D/E1.07
Dividend yield0.00%
52W high₹676.15
52W low₹196.24
Price chart(1Y)
1Y Return:-44.17% (₹168.29)
H: ₹437.3L: ₹196.24
1W+7.76%
1M-17.81%
3M-43.76%
6M-54.14%
1Y-68.54%
Today at a glance

Day range

₹209.30₹217.00

52 week range

₹196.24₹676.15
Volume210.8K1.15x 20D avg
Free float50.00%+15.20% volume

Indosolar Limited closed at INR212.71 (+1.1%) on volume 1.15x its 20-day average, trading 68.54% below its 52-week high.

Technical analysis
RSI (14)39.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹10.63High
SMA 20₹220.54BEARISH
SMA 50₹254.98BEARISH
SMA 100₹317.09BEARISH
SMA 200₹366.53BEARISH
CPR bottom₹214.95
Pivot₹213.43
CPR top₹211.91
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +1.3% QoQ

2020-09-18

AGM Announced

Annual General Meeting

2018-09-19

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹3.1 Cr₹885.0 Cr0.35%≤ 33%PASS
Non-halal income ratio–₹679.8 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹343.3 Cr₹344.4 Cr99.68%≥ 20%PASS
Receivables ratio–₹344.4 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E5.3223.00
Forward P/E——
P/B3.083.80
EV/EBITDA—18.00
PEG—2.20
Earnings yield18.804.30
Growth & profitability
RevenuePAT
FY23PAT margin —
FY24PAT margin —
FY25PAT margin 16.90%
FY26PAT margin 36.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y—
Revenue CAGR 5Y—
PAT CAGR 3Y-38.90%
PAT CAGR 5Y—
Operating margin57.28%
Net margin30.07%
Financial health & cash flow
Net debt₹2.0 CrModerate
Interest coverage184.40xEBIT / interest
CFO / PAT0.54x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹78.4 Cr
Capital expenditure–
Free cash flow₹53.5 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall63/100
Valuation75/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Attractive Valuation: P/E of 5.3x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Solar.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

100%67%33%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.60%Institutional holding
24.46%Public holding
5Periods available
0.00%Promoter pledged
72.84KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—18 Sept 2020
—Annual General MeetingAnnual General Meeting—19 Sept 2018
—Annual General MeetingAnnual General Meeting—20 Sept 2017
—Annual General MeetingAnnual General Meeting—22 Sept 2016
—Annual General MeetingAnnual General Meeting—22 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)54.64%+4.21% latest vs average
Highest delivery100.00%on 24 Sept
Average volume (20D)182.9KTrading-session average
Conviction trendStrengthening+4.21% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Indosolar Limited
Indosolar Limited

Incorporated in 2005, Indosolar Ltd manufactures PV solar modules.[1]

IndiaTechnology

Questions investors ask
Is Indosolar Limited Shariah compliant?

Indosolar Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.35%) complies with AAOIFI threshold (≤ 33%).

What is Indosolar Limited's current valuation relative to peers?

Indosolar Limited trades at a P/E of 5.3x compared to the sector median of 23x, and a Price-to-Book of 3.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.07x. Interest coverage is 184.4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.