Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indosolar
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 103 | 192 | 195 | 203 | 200 | 83 |
| Expenses + | 1 | 0 | 0 | 2 | 1 | 1 | 7 | 80 | 142 | 131 | 132 | 129 | 19 |
| Operating Profit | -1 | -0 | -0 | -2 | -1 | -1 | 22 | 23 | 50 | 64 | 71 | 71 | 64 |
| OPM % | 77% | 23% | 26% | 33% | 35% | 36% | 77% | ||||||
| Other Income + | -4 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 |
| Interest | 1 | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 2 | 1 | 0 | 0 | 0 |
| Depreciation | 3 | 1 | 1 | 1 | 1 | 1 | 8 | 9 | 9 | 9 | 9 | 9 | 9 |
| Profit before tax | -8 | -2 | -3 | -5 | -5 | -5 | 9 | 10 | 40 | 55 | 61 | 62 | 56 |
| Tax % | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -112% | 24% | 33% | 25% |
| Net Profit + | -9 | -2 | -3 | -5 | -5 | -5 | 9 | 10 | 40 | 117 | 46 | 41 | 42 |
| EPS in Rs | -2.05 | -0.57 | -0.77 | -1.21 | -1.16 | -1.20 | 2.28 | 2.46 | 9.62 | 28.07 | 11.14 | 9.97 | 10.10 |
Financials of Indosolar
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 296 | 258 | 442 | 314 | 13 | 0 | 0 | 0 | 0 | 0 | 324 | 680 |
| Expenses + | 248 | 248 | 368 | 336 | 38 | 2 | 1 | 8 | 2 | 1 | 229 | 409 |
| Operating Profit | 48 | 10 | 75 | -21 | -25 | -2 | -1 | -8 | -2 | -1 | 95 | 271 |
| OPM % | 16% | 4% | 17% | -7% | -186% | -4,068% | 29% | 40% | ||||
| Other Income + | 4 | 2 | 3 | -60 | -425 | 1 | 1 | -107 | 1,089 | -2 | 1 | 2 |
| Interest | 103 | 126 | 106 | 54 | 51 | 0 | 0 | 0 | 1 | 8 | 14 | 1 |
| Depreciation | 27 | 27 | 29 | 28 | 24 | 7 | 7 | 7 | 4 | 5 | 27 | 37 |
| Profit before tax | -78 | -141 | -58 | -163 | -525 | -8 | -8 | -122 | 1,081 | -15 | 55 | 234 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -5% |
| Net Profit + | -78 | -141 | -58 | -163 | -525 | -8 | -8 | -122 | 1,081 | -15 | 55 | 247 |
| EPS in Rs | -2.18 | -3.94 | -1.62 | -4.38 | -14.11 | -0.22 | -0.21 | -3.29 | 259.87 | -3.71 | 13.17 | 59.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Indosolar
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 358 | 358 | 358 | 372 | 372 | 372 | 372 | 372 | 42 | 42 | 42 | 42 |
| Reserves | -465 | -606 | -667 | -829 | -1,354 | -1,362 | -1,370 | -1,492 | -41 | -56 | -1 | 245 |
| Borrowings + | 987 | 965 | 942 | 820 | 829 | 41 | 829 | 829 | 60 | 102 | 50 | 3 |
| Other Liabilities + | 244 | 385 | 483 | 380 | 412 | 1,200 | 407 | 408 | 4 | 63 | 150 | 54 |
| Total Liabilities | 1,125 | 1,102 | 1,116 | 744 | 259 | 252 | 238 | 116 | 65 | 150 | 241 | 344 |
| Fixed Assets + | 470 | 445 | 452 | 427 | 154 | 147 | 140 | 82 | 48 | 47 | 122 | 91 |
| CWIP | 574 | 597 | 563 | 257 | 83 | 83 | 83 | 27 | 4 | 94 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 81 | 60 | 101 | 60 | 21 | 21 | 14 | 7 | 13 | 9 | 118 | 253 |
| Total Assets | 1,125 | 1,102 | 1,116 | 744 | 259 | 252 | 238 | 116 | 65 | 150 | 241 | 344 |
Financials of Indosolar
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 79 | 16 | 55 | 29 | 32 | -1 | -1 | -0 | -14 | 18 | 85 | 78 |
| Cash from Investing Activity + | -61 | -2 | -28 | -8 | -23 | 2 | -1 | 0 | -3 | -56 | -20 | -24 |
| Cash from Financing Activity + | -10 | -24 | -21 | -25 | -12 | -0 | 0 | 1 | 18 | 38 | -53 | -66 |
| Net Cash Flow | 8 | -9 | 6 | -4 | -2 | 1 | -2 | 0 | 1 | 0 | 12 | -12 |
| Free Cash Flow | 1 | -1 | 32 | 17 | 9 | -0 | -1 | -0 | -14 | -38 | 65 | 53 |
| CFO/OP | 165% | 168% | 73% | -137% | -132% | 28% | 41% | 5% | 721% | -1,255% | 90% | 29% |
Financials of Indosolar
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 5 | 9 | 3 | 4 | 5 | 113 | |||||
| Inventory Days | 41 | 50 | 45 | 35 | 112 | 138 | 21 | |||||
| Days Payable | 21 | 82 | 34 | 82 | 1,787 | 154 | 20 | |||||
| Cash Conversion Cycle | 22 | -27 | 21 | -43 | -1,671 | -10 | 114 | |||||
| Working Capital Days | -714 | -1,130 | -1,110 | -996 | -33,663 | -50 | 106 | |||||
| ROCE % | 3% | -2% | 7% | -9% | -44% | -7% | 77% | 124% |
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