Insolation Energy Ltd (INA) — shareholding pattern, promoter holding, financials and share price
About Insolation Energy Ltd (INA)
Insolation Energy Ltd operates in the Power Generation industry, within the Power sector. It trades on the NSE as INA and on the BSE under scrip code 543620. Its ISIN is INE0LGX01024.
Incorporated in 2015, Insolation Energy Ltd is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes. The company's 200 MW SPV Module manufacturing unit is located in Jaipur, spread over more than 60,000 Sq. ft area with the latest machinery. [1]
Insolation Energy Limited is an integrated solar manufacturing and services company focused on PV module production, expanding into solar cells, aluminium frames, EPC, IPP projects and future BESS assembly with an operational module capacity of 5.5 GW and planned module capacity of 7.0 GW by FY27.
The company delivered strong operating momentum with 9M FY26 revenue of ₹1,352.1 Cr (↑44% YoY) and Q3 FY26 revenue of ₹575.3 Cr (↑77% YoY), while EBITDA margins expanded ~506 bps YoY in Q3 to 14.2%, highlighting operating leverage from ramping INA‑3 automated lines.
Listed peers in Power Generation: RattanIndia Power Ltd, Gujarat Industries Power Co Ltd, K.P. Energy Ltd, Ujaas Energy Ltd, Orient Green Power Company Ltd, Waaree Technologies Ltd.
Valuation & Returns
10 Jul 2026At ₹124.85 a share on 10 Jul 2026, Insolation Energy Ltd (INA) was valued at a price-to-earnings ratio of 13.77x against an industry P/E of 25.26x and a price-to-book of 4.46x on a book value of ₹27.97 per share as of Mar 2025. Solomo computes return on equity of 32.43% and return on capital employed of 36.97% from filed results. Earnings ratios use consolidated results for the twelve months Mar 2025 to Mar 2026.
- P/E
- 13.77x
- Industry P/E
- 25.26x
- P/B
- 4.46x
- EPS (TTM)
- ₹9.07
- Book value / share
- ₹27.97
- ROE
- 32.43%
- ROCE
- 36.97%
- ROA
- 23.59%
- Debt / equity
- 0.18x
- Dividend yield
- 0.08%
- EBITDA margin
- 14.19%
- 52-week range
- ₹79.75 – ₹161.81
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Insolation Energy Ltd (INA) reported revenue of ₹2,146 crore, net profit of ₹201 crore and earnings per share of ₹9.1. That compares with revenue of ₹1,334 crore and net profit of ₹126 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹794 crore and net profit ₹70 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 215 | 279 | 737 | 1,334 | 2,146 |
| Net profit (₹ cr) | 7 | 11 | 55 | 126 | 201 |
| EPS (₹) | 0.46 | 0.51 | 2.66 | 5.73 | 9.1 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 4.91% | -19.40% | 80.93% |
| Profit growth | 10.18% | -10.20% | 127.49% |
| Stock price CAGR | - | 99% | -55% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 66.12% of Insolation Energy Ltd (INA) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.84% and domestic institutional investors (DII) hold 1.28%. Market capitalisation was ₹2,752 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2023.
Largest disclosed public shareholders in Jun 2026: SIDDHARTHA SHARMA 1.51%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 66.12% | - | 0.84% | 1.28% | 33.88% |
| Mar 2026 | 66.12% | - | 1.09% | 0.74% | 33.88% |
| Sep 2025 | 66.1% | - | 0.79% | 0.55% | 33.9% |
| Mar 2025 | 66.02% | - | 0.94% | 0.42% | 33.98% |
| Sep 2024 | 70.05% | - | 0.58% | - | 29.95% |
| Mar 2024 | 69.98% | - | - | - | 30.02% |
| Sep 2023 | 69.95% | - | 0.04% | - | 30.05% |
| Mar 2023 | 69.89% | - | - | - | 30.11% |