Insolation Energy Ltd - Stock Valuation and Financial Performance

BSE: 543620 | NSE: | Electronics - Components | Small Cap

Insolation Energy Share Price

3,678.20 -71.75 -1.91%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Insolation Energy

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Insolation Energy stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
8,104.7 Cr.
52-wk low:
645.6
52-wk high:
4,750

Is Insolation Energy Ltd an attractive stock to invest in?

1. Is Insolation Energy Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Insolation Energy Ltd is a average quality company.

2. Is Insolation Energy Ltd undervalued or overvalued?

The key valuation ratios of Insolation Energy Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Insolation Energy Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Insolation Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Insolation Energy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Insolation Energy Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.6%24.4%31.8%40%27.6%16.3%8%-
Value Creation
Index
-0.10.81.42.01.10.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 51.164.588.8163215259229229
Sales YoY Gr.-26.3%37.6%83.3%32.4%20.1%-11.4%-
Adj EPS 0.41.42.14.64.631.31.3
YoY Gr.-225%44.1%123.3%0.9%-36.2%-55.1%-
BVPS (₹) 23.55.510.114.622.823.6201.7
Adj Net
Profit
0.72.13.16.976.22.83
Cash Flow from Ops. -0.91.63.91.39.9-19.913.7-
Debt/CF from Ops. -12.97.83.215.92.9-22.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA28.9%12.1%-11.4%
Adj EPS NA-1.4%-33.9%-55.1%
BVPSNA46.5%32.6%3.5%
Share Price - - - 428.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
20.549.745.258.737.317.55.61.2
Op. Profit
Mgn %
5.38.68.27.86.54.71.9NAN
Net Profit
Mgn %
1.33.33.54.23.22.41.21.3
Debt to
Equity
42.41.51.41.30.80.7-
Working Cap
Days
072676778891060
Cash Conv.
Cycle
03135263549510

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.12%

Debt to equity has declined versus last 3 years average to 0.70

Return on Equity has declined versus last 3 years average to 1.20%

Net Profit has been subdued in last 3 years -33.88%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Insolation Energy Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 25.2
TTM Sales (₹ Cr.) 229 737
BVPS (₹.) 201.7 227
Reserves (₹ Cr.) 424 481
P/BV 18.24 16.20
PE 0.00 146.10
From the Market
52 Week Low / High (₹) 645.55 / 4750.00
All Time Low / High (₹) 72.55 / 4750.00
Market Cap (₹ Cr.) 8,105
Equity (₹ Cr.) 22
Face Value (₹) 10
Industry PE 217.4

Management X-Ray of Insolation Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Insolation Energy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales516489163215259229
Operating Expenses 485982150202246225
Manufacturing Costs243812116
Material Costs445071131178222204
Employee Cost 2234555
Other Costs 13577810
Operating Profit 3671314124
Operating Profit Margin (%) 5.3%8.6%8.2%7.8%6.4%4.7%1.9%
Other Income 0000014
Interest 1122333
Depreciation 1211221
Exceptional Items 0000000
Profit Before Tax 1359984
Tax 0112221
Profit After Tax 1237763
PAT Margin (%) 1.3%3.3%3.5%4.2%3.2%2.4%1.3%
Adjusted EPS (₹)0.51.42.14.64.63.01.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 35815224851
Share Capital 3333152121
Reserves 1361372830
Minority Interest0000000
Debt12121221253734
Long Term Debt776772017
Short Term Debt45714181717
Trade Payables3441112128
Others Liabilities 1225995
Total Liabilities 192226526810698

Fixed Assets

Gross Block9101216161717
Accumulated Depreciation13457910
Net Fixed Assets87810987
CWIP 0000000
Investments 0000258
Inventories55615232915
Trade Receivables36810172515
Cash Equivalents 001071624
Others Assets34317102330
Total Assets 192226526810698

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -124110-2014
PBT 1237763
Adjustment 1211221
Changes in Working Capital -3-3-0-71-289
Tax Paid 0000000
Cash Flow From Investing Activity -1-1-2-4-10-1
Capex -1-1-2-4-10-1
Net Investments 0000000
Others 0000000
Cash Flow From Financing Activity 0-1-12-330-5
Net Proceeds from Shares 00000200
Net Proceeds from Borrowing 00-12-113-3
Interest Paid 0000000
Dividend Paid 0000000
Others 0000-2-3-3
Net Cash Flow -20106108
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.6552.1445.6658.737.3417.75.93
ROCE (%)12.5624.3931.7940.0227.6316.277.95
Asset Turnover Ratio2.673.113.644.153.612.982.25
PAT to CFO Conversion(x)-111.330.141.43-3.334.67
Working Capital Days
Receivable Days23252920222932
Inventory Days33262324323736
Payable Days26241920231918

Insolation Energy Ltd Stock News

Insolation Energy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Insolation Energy on 20-Dec-2024 16:59 is ₹3,678.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Insolation Energy stood at ₹8,104.7.
The latest P/E ratio of Insolation Energy as of 20-Dec-2024 16:59 is 0.00.
The latest P/B ratio of Insolation Energy as of 20-Dec-2024 16:59 is 18.24.
The 52-week high of Insolation Energy is ₹4,750 and the 52-week low is ₹645.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Insolation Energy is ₹229.3 ( Cr.) .

About Insolation Energy Ltd

The company was originally incorporated as a Private Limited Company in the name of “Insolation Energy Private Limited” under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated October 15, 2015 issued by Registrar of Companies, Jaipur, Rajasthan. Subsequently, the company was converted into Public Limited Company vide shareholders resolution passed at the Extra-Ordinary General Meeting held on December 24, 2021 and name of company was changed to “Insolation Energy Limited” pursuant to issuance of Fresh Certification of Incorporation dated February 7, 2022 by Registrar of Companies, Jaipur, Rajasthan.

The company is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes as per the demand in the market from its fully automatic a state-of-the-art 200 MW (Rated Installed Capacity) SPV Module manufacturing unit located at Jaipur, spread in more than 60,000 Sq. ft area with latest machinery and stringent quality assurance process which delivers quality solar PV module. In addition to the manufacture of solar PV modules, the company also trades in Solar Power Conditioning Unit (PCU) which uses solar energy and power from the grid to charge batteries and tall tabular Lead Acid Batteries which are used to store energy generated from the solar panels. It is also an integrated solar energy solutions provider offering engineering, procurement and construction (EPC) services to its customers.

The company has built a strong brand reputation for its solar PV modules manufactured on a fully automatic state-of-art manufacturing unit and sold under the brand name of ‘INA’ along with a successful track record of developing, engineering and constructing. It strives to deliver reliable solar solutions through innovative products, and it achieves this majorly through its specialized high efficiency PV module manufacturing line and comprehensive EPC solutions. The company adheres to some of the industry’s best quality product accreditations. The company has obtained certifications such as ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, BIS-IS:14286 etc. The company’s solar PV modules are currently manufactured using both polycrystalline and Mono-PERC crystalline cell technology. Its portfolio of solar energy products consists of the following solar PV modules which includes bifacial (glass - to - Transparent back sheet modules) and are differentiated on the basis of solar PV module technology and type as well as cell size: (i) polycrystalline modules; and (ii) monocrystalline passivated emitter and rear cell (Mono PERC) modules.

Business area of the company

The company is a national solar energy provider and has set up a state of the art fully automatic solar PV module manufacturing plant at Jaipur. Portfolio covers both Poly and Mono crystalline modules and new innovative products such as Twin power, Dual glass (Glass to Glass), BIPV, Poly, Mono & Mono PERC. Its solar PV modules are rated highly efficient, provide better generation and offer unique technical advantages across varied applications.

Awards and Accreditations

  • 2017: Mission Energy Award in Roadmap for Innovators in Solar Energy.
  • 2017: Award in the category of PV Materials Innovation in Solar Innovation & Excellence Awards.
  • 2017: India Solar Week Excellence Award for Rising Star in the Category of Solar Module Company of the Year-Utility Scale (Domestic Manufacturer).
  • 2018: Best Solar Rooftop Module Manufacturer Excellence Award.
  • 2018: Gold Award Winner at India Solar Week Business Excellence Awards in the Category of Solar Module Company of the Year-Utility Scale (Domestic Manufacturer).
  • 2018: Outstanding Achievement award in the Rising Star Category of Solar Module Company of the Year-Domestic Manufacturer.
  • 2019: Award of Best Module Manufacturer in Rajasthan State Solar Awards.
  • 2019: Participation at 15th Regional “India International MSME Expo & Business Conclave 2019.
  • 2019: State Business Excellence Award in the Category of Best Solar Panel Manufacturing Company in the State of Rajasthan by Solar Roofs.
  • 2020: Award of Module Manufacturer of the Year: Make in India (80W) presented by PV Module Tech India.
  • 2021: Award of Biggest Solar PV Module Manufacturer of Rajasthan.
  • 2021: Winner of Outstanding Performance in Production Excellence Trophy by the Employer’s Association of Rajasthan.
  • 2022: International Annual Solar Awards at EQ PV Invest Tech India New Delhi for Leading MSME Indian Module Manufacturer of the Year.

Key events and milestones

  • 2015: Incorporation of the Company as private limited company.
  • 2016:  Received factory licence for manufacturing unit of the company located at Khasra No. 766/2, Village-Bagwada, Tehsil Amer, Near Daulatpura Toll Tax, Jaipur-303805 (Registration No. - RJ/31745).
  • 2017: Commenced manufacturing of solar panels.
  • 2017: Received test certificate for photovoltaic module by UL India Limited.
  • 2020: Registered with Bureau of Indian Standards for manufacturing Crystalline Si PV Module.
  • 2020: Upgraded the registration with Bureau of Indian Standards to manufacture products with additional specifications.
  • 2021: Increased the installed capacity of the Company from 80 MW to 200 MW (Rated Installed Capacity).
  • 2021: Incorporation of a wholly owned subsidiary, Insolation Green Energy Private Limited.
  • 2022: Conversion into public limited company and change of name.
  • 2022: Received certificate from Innovative Systemcert Private Limited for Occupational Health & Safety Management System for compliance with the requirements of ISO 45001:2018 in which the management system includes design and manufacturing of Solar PV Modules & EPC of Solar Power Projects.
  • 2022: Received certificate for conforming to the requirements of Quality Management Standard ISO 9001:2015 for design and manufacturing of Solar PV Modules & EPC of Solar Power Projects.
  • 2022: Received certificate from Innovative Systemcert Private Limited for Environmental Management System for compliance with the requirements of ISO 14001:2015 in which the management system includes Design and Manufacturing of Solar PV Modules & EPC of Solar Power Projects.
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