Indosolar logo

Indosolar

WAAREEINDO NSE

Key Fundamentals

Microcap
Market Cap
₹1,063 Cr
Volatility
Low Risk
P/E Ratio
6.3
EBITDA
₹272 Cr
Return on Equity
85.92%
Debt to Equity
0.01
Book Value
₹68.99
52W High
₹725
52W Low
₹257.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 101% CAGR over last 5 years

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 58.9 to 113 days.
  • Working capital days have increased from 28.1 days to 106 days

Growth Rate

Revenue Growth
110% lower than 3Y
Net Income Growth
350% higher than 3Y
Cash Flow Change
-7.85% lower than 3Y
ROE
-36.61% lower than 3Y
ROCE
7.7%
EBITDA Margin (Avg.)
35.32% higher than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0
0
0
0
0
28
103
192
195
203
200
83
68
Expenses
0
0
2
1
1
7
80
142
131
132
129
19
20
Operating Profit
0
0
-2
-1
-1
22
23
50
64
71
71
64
48
OPM %
—
—
—
—
—
77%
23%
26%
33%
35%
36%
77%
71%
Other Income
0
0
0
1
0
0
1
1
1
0
0
1
8
Interest
1
2
2
3
3
4
5
2
1
0
0
0
0
Depreciation
1
1
1
1
1
8
9
9
9
9
9
9
9
PBT
-2
-3
-5
-5
-5
9
10
40
55
61
62
56
47
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
-112%
24%
33%
25%
23%
Net Profit
-2
-3
-5
-5
-5
9
10
40
117
46
41
42
37
EPS in Rs
-0.57
-0.77
-1.21
-1.16
-1.2
2.28
2.46
9.62
28.07
11.14
9.97
10.1
8.8
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
296
258
442
314
13
0
0
0
0
0
324
680
554
Expenses
248
248
368
336
38
2
1
8
2
1
229
409
299
Operating Profit
48
10
75
-21
-25
-2
-1
-8
-2
-1
95
271
255
OPM %
16%
3.8%
17%
-7%
-186%
—
—
-4068%
—
—
29%
40%
46%
Other Income
4
2
3
-60
-425
1
1
-107
1,089
-2
1
2
10
Interest
103
126
106
54
51
0
0
0
1
8
14
1
1
Depreciation
27
27
29
28
24
7
7
7
4
5
27
37
37
PBT
-78
-141
-58
-163
-525
-8
-8
-122
1,081
-15
55
234
227
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
-5%
—
Net Profit
-78
-141
-58
-163
-525
-8
-8
-122
1,081
-15
55
247
166
EPS in Rs
-2.18
-3.94
-1.62
-4.38
-14.11
-0.22
-0.21
-3.29
260
-3.71
13.17
59.27
40.01
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
358
358
358
372
372
372
372
372
42
42
42
42
Reserves
-465
-606
-667
-829
-1,354
-1,362
-1,370
-1,492
-41
-56
-1
245
Borrowings
987
965
942
820
829
41
829
829
60
102
50
3
Other Liabilities
244
385
483
380
412
1,200
407
408
4
63
150
54
Total Liabilities
1,125
1,102
1,116
744
259
252
238
116
65
150
241
344
Fixed Assets
470
445
452
427
154
147
140
82
48
47
122
91
CWIP
574
597
563
257
83
83
83
27
4
94
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
81
60
101
60
21
21
14
7
13
9
118
253
Total Assets
1,125
1,102
1,116
744
259
252
238
116
65
150
241
344
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
79
16
55
29
32
-1
-1
0
-14
18
85
78
Investing
-61
-2
-28
-8
-23
2
-1
0
-3
-56
-20
-24
Financing
-10
-24
-21
-25
-12
0
0
1
18
38
-53
-66
Net Cash Flow
8
-9
6
-4
-2
1
-2
0
1
0
12
-12
Free Cash Flow
1
-1
32
17
9
0
-1
0
-14
-38
65
53
CFO/OP
165
168
73
-137
-132
28
41
5
721
-1,255
90
29
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
2
5
9
3
4
—
—
—
—
—
5
113
Inventory Days
41
50
45
35
112
—
—
—
—
—
138
21
Days Payable
21
82
34
82
1,787
—
—
—
—
—
153
20
Cash Conversion Cycle
22
-27
21
-43
-1,671
—
—
—
—
—
-10
114
Working Capital Days
-714
-1,130
-1,110
-996
-33,663
—
—
—
—
—
-50
106
ROCE %
3%
-2%
7%
-9%
-44%
—
—
—
—
-7%
77%
124%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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29 extracted metrics + investor summaries across FY15–FY26.

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Shareholding Pattern

DIIs0.06%Promot.74.93%FIIs0.55%Others8.07%Public16.39%As ofJun 2026

Documents

Frequently Asked Questions about Indosolar

What does Indosolar Ltd do?
Incorporated in 2005, Indosolar Ltd manufactures PV solar modules.[1]
Where is Indosolar Ltd (WAAREEINDO) listed?
Indosolar Ltd trades as WAAREEINDO on the NSE and under code 533257 on the BSE.
Which sector does Indosolar Ltd belong to?
Indosolar Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the market capitalisation of Indosolar Ltd?
Indosolar Ltd has a market capitalisation of ₹1,063 Cr, which places it in the Small Cap band.
What is the PE ratio of Indosolar Ltd?
Indosolar Ltd trades at a PE ratio of 6.30, against a book value of ₹68.99 per share.
What is the 52-week high and low of Indosolar Ltd?
Over the last 52 weeks Indosolar Ltd has traded between ₹257.5 and ₹725.
What is the Return on Equity (ROE) of Indosolar Ltd?
Indosolar Ltd reported a return on equity of 85.92%. Its debt-to-equity ratio is 0.01.

Company Information

Incorporated in 2005, Indosolar Ltd manufactures PV solar modules.[1]

Website indosolar.co.in
CEO Mr. Hitesh Chimanlal Doshi
Employees 66
Listed 2010-09-29
Face Value ₹ 10
Issued Size 4,16,03,691

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