One of the small-cap stocks engaged in manufacturing solar panels and modules is in focus after receiving an order for the supply of solar PV modules valued at Rs. 71.40 crore.
Share Price Movement
In Wednesday’s trading session, Insolation Energy Limited‘s share plunged by 5.87 percent from the previous close of Rs. 4,302.45. The stock opened at Rs. 4,339 and is currently trading at Rs. 4,050, with a high of Rs. 4,339 and a low of Rs. 3,875.45. The market capitalization now stands at approximately Rs. 8,457.79 crore
What Happened
Insolation Energy Limited’s wholly owned subsidiary of Insolation Green Energy Private Limited has awarded a purchase order for the supply of solar PV modules. The contract value is approximately Rs. 71.40 crore. The time period of solar PV module orders in the financial year 2024-2025.
Future manufacturing capacity and turnover projections
Insolation Energy Limited’s manufacturing facility shows ambitious growth plans from 2024 to 2027. The turnover is expected to rise significantly from 1400 crore in 2024-25 to 5500 crore by 2026-27.
Module manufacturing capacity will expand from 950 MW to 4000 MW, while cell manufacturing capacity will increase from 600 MW in FY24 to 1200 MW in FY27. The company will represent substantial growth in both production capabilities and financial performance over the three years.
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Recent results and ratios
Insolation Energy Limited’s revenue has increased from Rs. 278 crore in H1 FY24 to Rs. 612 crore in H2 FY25, which has grown by 120.14 percent YOY. The net profit of Insolation Energy Limited has also grown by 306.67 percent from Rs. 15 crore in Q2 FY24 to Rs. 61 crore in Q2 FY25.
Insolation Energy Limited’s revenue and net profit have grown at a CAGR of 85.15 percent and 180.31%, respectively, over the last two years.
In terms of return ratios, the company’s ROCE and ROE should be 47.8 percent and 68.5 percent, respectively. The debt-to-equity ratio of the company is to be 0.41x. Insolation Energy Limited’s EPS is to be Rs. 48.8.
Shareholding pattern
In September 2024, Insolation Energy Limited had a majority stake held by the promoters at 70.04 percent, foreign institutional investors at 0.59 percent, and the public at 29.37 percent.
Company Overview
Insolation Energy Limited was incorporated in 2015 and is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company is based in Jaipur, Rajasthan, and is the second-largest North Indian manufacturer of solar panels, batteries, and inverters.
Written By – Nikhil Naik
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