Solar Stock engaged in the business of manufacturing solar panels, modules, solar power conditioning units (PCUs), solar batteries, and many more jumped 3 percent in the day’s trade upon receiving work orders worth Rs. 62.40 Crores to supply Solar Modules
With a market capitalization of Rs. 3,666 Crores, the shares of Insolation Energy Limited were trading at Rs. 1,767.95, up 2.88 percent from its previous day’s close price of Rs. 1,718.45.
Insolation Energy Limited’s wholly-owned subsidiary Insolation Green Energy Private Limited has bagged purchase orders worth Rs. 62.40 Crores from Oswal Pumps Limited-Karna and Soyo Energies Pvt. Ltd.-Jalgaon for the supply of Solar PV Modules Mono Perc M-10.
In Addition to this, it recently announced that it surpassed a consolidated unaudited revenue of Rs. 738.80 crores for the Financial Year 2023-24 with a very good growth of approximately 164 percent compared to last year’s consolidated revenue of Rs. 280 crores.
In FY2025-26 it has further expansion plans for taking the solar Panel manufacturing capacity to 3000 MW and Aluminium Frame Manufacturing to 6000 metric tons per Annum.
Insolation Energy Limited is engaged in the business of manufacturing solar panels, modules, solar power conditioning units (PCUs), solar batteries, solar charge controllers, and many more.
Its revenue from operations grew by 29.71 percent from Rs. 215 Crores in FY22 to Rs. 279 Crores in FY23, accompanied by profits of Rs. 7 Crores to Rs. 11 Crores.
It has reported a return on equity (ROE) of 28.5 percent and a return on capital employed (ROCE) of 19.6 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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