One of the small-cap Solar stocks has surged up to 139%, further company has announced stock split. This solar energy powerhouse recently announced a significant 1:10 stock split. Additionally, the company’s shares reached Rs. 4,250, reflecting growing investor confidence in its sustainable energy initiatives.
Share Price Movement
The share price of Insolation Energy Limited has been performing remarkably well, up 139.73 percent over the last 6 months and 34.92 percent in a single month. The price as of Tuesday stands at Rs. 4,250 per share, a negligible rise of 0.12% from its previous close of Rs. 4,244.95 per share. The market capitalisation now stands at approximately Rs. 8,853 crore as of November 06, 2024.
What Happened
On November 5, 2024, the company’s board approved splitting each ₹10 share into ten ₹1 shares, pending shareholder approval in an Extraordinary General Meeting (EGM) on December 5, 2024. The capital structure will be adjusted accordingly. A company secretary, Akshit Kumar Jangid, was appointed to oversee the EGM’s e-voting process.
Financials Performance
According to its recent filing, Half-yearly results ending March 2024, Insolation Energy Limited’s consolidated revenue from operations has increased by 179 percent YOY, from Rs. 164 crore in March 2023 to Rs. 459. Furthermore, the recent half-yearly revenue has increased by 65 percent from Rs. 278 crore.
The company’s consolidated net profit has increased by 566 percent, from Rs. 6 crore in half-yearly results of March 2024 to Rs. 40 crore. As compared to the last half yearly results, the company’s net profit is up by 266 percent from Rs. 15 crore.
The company’s EPS has increased by 564.7 percent from Rs. 2.92 to Rs. 19.41 YoY.
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Shareholding Pattern
As of the November 2024 shareholding pattern, Insolation Energy Limited is primarily held by the promoter with 70.04 percent, foreign institutional investors hold 0.59 percent, and the public by 29.37 percent.
About the company
Insolation Energy Limited (INA) has emerged as a dynamic force in India’s renewable energy sector since its establishment in 2015. Based in Jaipur, this prominent solar energy provider specialises in manufacturing and installing cutting-edge solar photovoltaic modules.
Moreover, with an authorised capital of ₹27 crores, INA has rapidly positioned itself as a BSE SME-listed industry leader, contributing significantly to India’s sustainable energy goals.
Furthermore, INA’s business operations showcase impressive diversity and technological advancement across multiple segments. The company currently operates a state-of-the-art manufacturing facility with a 950 MW capacity for solar PV modules. Additionally, INA offers comprehensive EPC services, catering to residential, commercial, and industrial sectors with innovative products like half-cut and dual glass modules.
Consequently, their commitment to research and development ensures continuous product enhancement, meeting evolving customer demands effectively.
Looking ahead, Insolation Energy has outlined ambitious expansion plans and sustainability commitments. The company aims to triple its manufacturing capacity to 3 GW by 2024-25. Subsequently, they plan to introduce a new solar cell manufacturing line with 1.2 GW capacity by 2025–26. Meanwhile, INA’s dedication to the “Make in India” initiative strengthens domestic manufacturing capabilities.
Therefore, Insolation energy continues to illuminate the path toward a greener future while reducing dependency on imported components.
Written By Fazal Ul Vahab C H
Disclaimer
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