Arthneeti

Indosolar Q2 FY27 Share Price & Earnings Call Analysis

₹193.74-0.86% today
Market cap
₹806 Cr
P/E
6.43
ROE
150.64%
PEG
0.03
Price to sales
1.59
Debt to equity
0.01
52W high / low
₹583 / ₹186
EBITDA margin
39.21%
Net profit margin
36.27%
Promoter holding
74.93%
Sales (last year)
₹507 Cr

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

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Indosolar rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹66,283 Cr16.5
240%+Up 2%+₹464 Cr11.6
340%+Up 0–2%₹12,066 Cr47.0
440%+Up 0–2%₹500 Cr6.7
540%+Flat₹20,621 Cr111.2
640%+Flat₹15,855 Cr11.2

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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Indosolar announcements

All announcements →

Financials of Indosolar

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Indosolar

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +96.15%96.15%96.15%96.15%96.15%96.15%95.00%74.93%74.93%74.93%74.93%74.93%
FIIs +0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.53%0.53%0.55%0.54%0.61%
DIIs +0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.07%0.06%0.13%0.06%0.06%
Public +3.86%3.86%3.86%3.86%3.86%3.86%4.94%24.46%24.47%24.38%24.46%24.41%
No. of Shareholders60,86860,86860,86860,86860,86860,86873,14175,08472,83472,09372,84173,189

Financials of Indosolar

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +0.000.000.000.0028.10103.01192.00194.68202.55199.5383.1068.36155.59
Expenses +0.312.071.320.976.5279.55141.82131.12131.83128.5318.7719.90140.77
Operating Profit-0.31-2.07-1.32-0.9721.5823.4650.1863.5670.7271.0064.3348.4614.82
OPM %76.80%22.77%26.14%32.65%34.91%35.58%77.41%70.89%9.53%
Other Income +0.040.090.670.100.060.890.581.320.010.171.138.391.58
Interest1.821.873.003.363.894.781.750.620.380.250.010.080.06
Depreciation1.121.181.170.758.279.348.979.109.229.259.149.309.63
Profit before tax-3.21-5.03-4.82-4.989.4810.2340.0455.1661.1361.6756.3147.476.71
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%-111.75%24.21%32.77%25.43%22.86%25.19%
Net Profit +-3.21-5.03-4.82-4.989.4810.2440.04116.7946.3441.4742.0036.625.02
EPS in Rs-0.77-1.21-1.16-1.202.282.469.6228.0711.149.9710.108.801.21

Financials of Indosolar

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2962584423141300000324680507
Expenses +2482483683363821821229409308
Operating Profit481075-21-25-2-1-8-2-195271199
OPM %16%3.8%17%-7%-186%-4,068%29%40%39%
Other Income +423-60-42511-1071,089-21211
Interest1031261065451000181410
Depreciation272729282477745273737
Profit before tax-78-141-58-163-525-8-8-1221,081-1555234172
Tax %0%0%0%0%0%0%0%0%0%0%0%-5%
Net Profit +-78-141-58-163-525-8-8-1221,081-1555247125
EPS in Rs-2.18-3.94-1.62-4.38-14.11-0.22-0.21-3.29259.87-3.7113.1759.2730.08
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Indosolar

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital3583583583723723723723724242424242
Reserves-465-606-667-829-1,354-1,362-1,370-1,492-41-56-1245287
Borrowings +98796594282082941829829601025033
Other Liabilities +2443854833804121,20040740846315054151
Total Liabilities1,1251,1021,11674425925223811665150241344483
Fixed Assets +4704454524271541471408248471229176
CWIP57459756325783838327494001
Investments0000000000000
Other Assets +8160101602121147139118253406
Total Assets1,1251,1021,11674425925223811665150241344483

Financials of Indosolar

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +7916552932-1-1-0-14188578
Cash from Investing Activity +-61-2-28-8-232-10-3-56-20-24
Cash from Financing Activity +-10-24-21-25-12-0011838-53-66
Net Cash Flow8-96-4-21-201012-12
Free Cash Flow1-132179-0-1-0-14-386553
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit165%168%73%-137%-132%28%41%5%721%-1,255%90%29%

Financials of Indosolar

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days259345113
Inventory Days4150453511213821
Days Payable218234821,78715320
Cash Conversion Cycle22-2721-43-1,671-10114
Working Capital Days-714-1,130-1,110-996-33,663-50106
ROCE %3%-2%7%-9%-44%-7%77%124%
0out of 100

Momentum score · price trend

0 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−68.0%1%
Last 6 months−53.4%1%
Last 3 months−39.3%1%

The price is 72.5% below its all-time high of ₹711.7 (9 Oct 2025). Stocks more than 20% below their peak have their score halved, so 1 became 0.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Indosolar: 0.4 × 1 + 0.4 × 1 + 0.2 × 1 = 1, halved to 0 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Indosolar's management said in earlier quarters

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