Indosolar Limited (IN:WAAREEINDO)
:WAAREEINDO
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Indosolar Limited
(WAAREEINDO)
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Rating:55Neutral
Price Target:
₹502.00
▲(2.97% Upside)
Action:ReiteratedDate:04/17/26
The score is held down primarily by weak financial quality—volatile earnings and a historically leveraged balance sheet—despite improving cash flows. Technicals are strong with bullish trend/momentum, but overbought signals add near-term risk. Valuation is reasonable (P/E ~13.45) but lacks dividend yield data for additional support.
Positive Factors
Revenue Growth
Sustained, large revenue growth demonstrates increasing demand for the company's PV cells and expanding market penetration. Over a 2-6 month horizon this supports scaling advantages, higher utilization and stronger negotiating power with suppliers and customers, underpinning durable top-line momentum.
Negative Factors
High leverage & solvency risk
A historically leveraged balance sheet with liabilities exceeding assets creates persistent refinancing and solvency risks. Over the medium term this restricts capital allocation, elevates interest and covenant exposure, and can force asset sales or equity raises that dilute strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, large revenue growth demonstrates increasing demand for the company's PV cells and expanding market penetration. Over a 2-6 month horizon this supports scaling advantages, higher utilization and stronger negotiating power with suppliers and customers, underpinning durable top-line momentum.
Read all positive factors
Indosolar Limited (WAAREEINDO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.41B
Dividend YieldN/A
Average Volume (3M)18.54K
Price to Earnings (P/E)13.5
Beta (1Y)0.39
Revenue Growth2412.32%
EPS GrowthN/A
CountryIN
Employees66
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)9.97
Shares Outstanding41,603,690
10 Day Avg. Volume55,306
30 Day Avg. Volume18,535
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)17.84
Price to Sales (P/S)2.23
P/FCF Ratio11.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indosolar Limited Business Overview & Revenue Model
Company Description
Indosolar Limited engages in the manufacturing and trading of solar photovoltaic modules in India, Europe, the United States, Middle East, and Asia. The company was incorporated in 2005 and is based in New Delhi, India. Indosolar Limited is a subs...
How the Company Makes Money
Indosolar Limited makes money primarily by selling solar photovoltaic (PV) cells (and related solar components, where applicable) to customers in the solar industry such as PV module manufacturers, integrators, and potentially project developers. ...
Indosolar Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
55
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.24B | 8.50M | 11.31M | 1.91M | 6.53M |
| Gross Profit | 1.07B | 8.50M | 11.31M | 1.91M | 6.53M |
| EBITDA | 958.84M | -6.10M | -8.62M | -77.34M | -8.01M |
| Net Income | 547.82M | -154.44M | 10.81B | -1.22B | -79.50M |
Balance Sheet | |||||
| Total Assets | 2.41B | 1.50B | 653.26M | 1.16B | 2.44B |
| Cash, Cash Equivalents and Short-Term Investments | 172.79M | 50.42M | 51.48M | 54.22M | 51.55M |
| Total Debt | 500.40M | 1.02B | 630.49M | 8.29B | 413.40M |
| Total Liabilities | 2.00B | 1.64B | 642.50M | 12.36B | 12.42B |
| Stockholders Equity | 404.15M | -143.68M | 10.76M | -11.20B | -9.98B |
Cash Flow | |||||
| Free Cash Flow | 644.76M | -417.32M | -181.06M | -4.85M | -6.20M |
| Operating Cash Flow | 850.54M | 183.08M | -143.58M | -4.85M | -6.02M |
| Investing Cash Flow | -197.20M | -560.90M | -27.30M | 1.52M | -10.91M |
| Financing Cash Flow | -532.30M | 378.51M | 176.99M | 5.68M | -15.00K |
Indosolar Limited Technical Analysis
487.50
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WAAREEINDO, the sentiment is undefined. The current price of 487.5 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for IN:WAAREEINDO.
Indosolar Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹985.08B | 20.09 | ― | ― | 55.90% | 93.10% | |
70 Outperform | ₹452.43B | 24.14 | ― | 0.11% | 39.18% | 112.25% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹36.96B | 14.56 | ― | ― | 152.12% | ― | |
55 Neutral | ₹19.41B | 13.45 | ― | ― | 2412.32% | ― | |
55 Neutral | ₹21.83B | 2,880.84 | ― | ― | -0.98% | -72.12% | |
43 Neutral | ₹44.08B | -446.21 | ― | ― | 112.24% | -474.43% |
* Energy Sector Average
IN:WAAREEINDO
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Indosolar Limited Corporate Events
Indosolar CFO Sonal Shrivastava Resigns Effective 20 March 2026
Mar 20, 2026
Indosolar Limited has announced that Chief Financial Officer and key managerial personnel Sonal Shrivastava has resigned, effective at the close of business on 20 March 2026. The company informed both the BSE and NSE of the leadership change under...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.