Indosolar Limited (INDOSOLAR) AI Stock Analysis

• Market Cap: ₹15.72B
• Dividend Yield: N/A
• Average Volume (3M): 504.00
• Price to Earnings (P/E): 8.9
• Beta (1Y): -0.23
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: N/A
• Sector: Energy
• Sector Strength: 43
• Industry: Solar
• EPS (TTM): 28.07
• Shares Outstanding: 41,603,690
• 10 Day Avg. Volume: 163
• 30 Day Avg. Volume: 504
• PEG Ratio: -0.06
• Price to Book (P/B): 33.97
• Price to Sales (P/S): 4.24
• P/FCF Ratio: 21.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹322.00
• Price Target Upside: -14.79% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ₹322.00 ▼(-14.79% Downside)

Indosolar Limited's stock is buoyed by technical indicators showing strong upward momentum and an attractive valuation. However, financial performance concerns, notably in profitability and leverage, temper the overall score. The absence of earnings call and corporate events data limits further insights.

Indosolar Limited Business Overview & Revenue Model

Company Description

Indosolar Limited is an Indian company engaged in the manufacturing of solar photovoltaic cells. The company operates within the renewable energy sector, focusing on producing high-efficiency solar cells that convert sunlight into electricity. Indosolar's products cater to both domestic and international markets, serving as a key component supplier for solar panel manufacturers and renewable energy projects.

How the Company Makes Money

Indosolar Limited generates revenue primarily through the sale of solar photovoltaic cells. The company's key revenue streams include direct sales to solar panel manufacturers and project developers who use these cells in the construction of solar panels and solar installations. Indosolar also participates in government and private sector tenders for renewable energy projects, which can significantly contribute to its earnings. Furthermore, any partnerships with technology firms or solar energy providers to enhance product efficiency or enter new markets can also play a crucial role in boosting the company's revenue.

Indosolar Limited Financial Statement Overview

Summary

Indosolar Limited exhibits revenue growth and improved cash flows, yet faces profitability and leverage challenges. While there's potential recovery, past volatility and high leverage remain key risks.

Income Statement

Indosolar Limited has shown significant revenue growth over the years, particularly from 2024 to 2025. The gross profit margin is positive, indicating some level of profitability in operations. However, the net profit margin has fluctuated widely, with a substantial net income in 2023 followed by losses in other years. This inconsistency in earnings reflects volatility in profitability, impacting the overall income statement score.

Balance Sheet

The company's balance sheet reveals high leverage, with a substantial debt-to-equity ratio in previous years. Although there has been improvement in equity over time, the company's financial position remains precarious. Total liabilities have historically exceeded assets, indicating solvency risks, but recent improvements in equity suggest a potential turnaround.

Cash Flow

Cash flow analysis shows positive trends in operating cash flows in recent years, with free cash flow also turning positive, indicating better cash management. However, the volatility in free cash flow growth highlights potential operational challenges. The improvement from significant negative free cash flow in earlier years to positive values in 2025 is notable.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.24B	3.24B	8.50M	11.31M	1.91M	6.53M
Gross Profit	1.07B	1.07B	8.50M	11.31M	1.91M	6.53M
EBITDA	958.84M	958.84M	-6.10M	-8.62M	-77.34M	-8.01M
Net Income	547.82M	547.82M	-154.44M	10.81B	-1.22B	-79.50M
Balance Sheet
Total Assets	2.41B	2.41B	1.50B	653.26M	1.16B	2.44B
Cash, Cash Equivalents and Short-Term Investments	172.79M	172.79M	50.42M	51.48M	54.22M	51.55M
Total Debt	500.40M	500.40M	1.02B	630.49M	8.29B	413.40M
Total Liabilities	2.00B	2.00B	1.64B	642.50M	12.36B	12.42B
Stockholders Equity	404.15M	404.15M	-143.68M	10.76M	-11.20B	-9.98B
Cash Flow
Free Cash Flow	0.00	644.76M	-417.32M	-181.06M	-4.85M	-6.20M
Operating Cash Flow	0.00	850.54M	183.08M	-143.58M	-4.85M	-6.02M
Investing Cash Flow	0.00	-197.20M	-560.90M	-27.30M	1.52M	-10.91M
Financing Cash Flow	0.00	-532.30M	378.51M	176.99M	5.68M	-15.00K

Indosolar Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 377.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOSOLAR, the sentiment is Positive. The current price of 377.9 is above the 20-day moving average (MA) of 306.60, above the 50-day MA of 278.02, and above the 200-day MA of 310.25, indicating a bullish trend. The MACD of 30.64 indicates Negative momentum. The RSI at 90.93 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDOSOLAR.

Indosolar Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WEBELSOLAR	65 Neutral	₹60.09B	30.20		―	397.23%	―
Sector *	57 Neutral	HK$80.00B	2.27	1.58%	5.41%	0.06%	-49.68%
INDOSOLAR	57 Neutral	₹15.72B	8.90		―	―	―
BORORENEW	55 Neutral	₹77.82B	―		―	7.96%	-48.06%
INOXGREEN	52 Neutral	₹57.90B	266.42		―	5.32%	-39.19%
SWSOLAR	45 Neutral	₹64.75B	59.27		―	108.08%	―

Indosolar Limited Corporate Events

Indosolar Limited Announces Second Corrigendum to AGM Notice

Indosolar Limited has announced a public notice regarding the second corrigendum to the notice of its 15th annual general meeting, which is scheduled to occur on May 9, 2025. This notice, initially referred to as an extraordinary general meeting, has been published in the Financial Express and Janasatta newspapers and is available on the company’s website. The announcement is part of the company’s compliance with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reflects Indosolar’s commitment to maintaining transparency and timely communication with its stakeholders.