Synopsis:
Indosolar is in focus as promoter Waaree Energies will sell a 3% stake via Offer for Sale to meet public shareholding norms amid robust profit growth
India’s leading solar energy solutions provider, known for manufacturing solar modules and driving clean energy innovation, is in the spotlight as its promoter plans to sell a 3% equity stake through an offer for sale. This move aims to meet minimum public shareholding requirements and could impact market dynamics for investors.
Indosolar Limited‘s stock with a market capitalization of Rs. 1,498 crores, rose to Rs. 360.20, hitting the intraday upper circuit, up 5 percent from its previous closing price of Rs. 343.05. Furthermore, the stock over the past year has given a return of 107.8 percent.
What happened
Indosolar Limited’s promoter, Waaree Energies Limited, owns 92.60% of the company, which is 3,85,23,505 shares currently under lock-in. To comply with the minimum public shareholding rule, Waaree Energies Limited plans to sell 12,50,000 of these shares to the public through an Offer for Sale (OFS). After this sale, their remaining 3,72,73,505 shares will remain locked in.
They have approved the release of the lock-in for these 12,50,000 shares so they can be sold. This sale, which represents 3% of the company’s total paid-up capital, will be carried out on the BSE and NSE stock exchanges through the OFS process as per SEBI’s regulations.
Also Read: Midcap stock jumps 5% after company’s net profit increases 53% YoY
Q1 Financial Highlight
The company registered robust revenue growth, reaching Rs. 195 crore in Q1FY26 a marginal 1.6% increase quarter-on-quarter (QoQ) from Rs. 192 crore in Q4FY25, but an extraordinary 194,900% year-on-year (YoY) surge from just Rs. 0.10 crore in Q1FY25. Profit also soared to Rs. 117 crore in Q1FY26, reflecting a 192.5% QoQ jump from Rs. 40 crore in Q4FY25 and an impressive turnaround from a loss of Rs. 5 crore in Q1FY25.
These results are supported by a strong three-year profit CAGR of 79%. The company maintains a debt-to-equity ratio of 1.24, indicating manageable leverage, and trades at an attractive P/E ratio of 8.48, pointing to reasonable market valuations given its significant profit recovery and growth momentum.
Written By Fazal Ul Vahab C H
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