Indosolar financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹156cr−23.2% on Q2 FY26
Net profit
₹5.0cr−89.2% on Q2 FY26
EBITDA margin
9.5%−25.4 pts on Q2 FY26
EPS
₹1.20−89.2% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue156203−23.2%
EBITDA14.870.7−79.0%
EBITDA margin9.5%34.9%−25.4 pts
Profit before tax6.761.1−89.0%
Net profit5.046.3−89.2%
EPS₹1.20₹11.14−89.2%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹156 crNet profit₹5.0 crNet margin3.2%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023
814————
81.21.113.00.90.9
0.00.047.199.160.3
732————
5076803240.00.0
—+109.9%———
19927195.0−3.9−2.0
39.2%39.8%29.3%——
16123467.7−8.5−6.2
12524754.8−15.41,081
24.7%36.3%16.9%——
₹30.07₹59.27₹13.17−₹3.71₹259.87
—+350.1%+454.7%−101.4%—
—78.485.118.3−58.2
—−24.9−20.6−60.0−3.7
53.553.564.5−41.7−61.9
Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

WAAREEINDO₹195.54

Indosolar Limited

· Capital Goods & Defence
₹ CrorePeersJYOTISTRUCSWELECTESBAJELMARSONSEXICOMBBLINDOTECHGVPILMcap ₹814 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————813.5
- Cash, Equiv & ST Investments0.90.913.01.181.2
+ Total Debt60.399.147.10.00.0
Enterprise Value————732.4
Revenue0.00.0323.9679.8506.6
Growth %, YoY———+109.9—
EBITDA-2.0-3.995.0270.7198.6
Margin %——29.3439.8239.21
EBIT-6.2-8.567.7234.0161.3
Net Income1,081.2-15.454.8246.6125.1
Margin %——16.9136.2724.70
EPS, Adj (current shares)259.87-3.7113.1759.2730.07
Growth %, YoY—-101.4+454.7+350.1—
Cash from Operations-58.218.385.178.4—
Capital Expenditures-3.7-60.0-20.6-24.9—
Free Cash Flow-61.9-41.764.553.553.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Indosolar financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Indosolar (NSE: WAAREEINDO) had a market capitalisation of ₹814 crore at the previous close (₹195.54 a share), a PE ratio of 6.5 on the last four quarters' profit and a price-to-book ratio of 2.48. In FY26 its consolidated net profit was ₹247 crore on revenue of ₹680 crore; in Q2 FY27 (July–September 2026) it was ₹5 crore, down 89.2% year on year. It had no borrowings on 30 September 2026. Promoters held 74.93% of the shares on 30 September 2026.

Indosolar Q2 FY27 results
filed 21 October 2026
Share price used
₹195.54 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Indosolar at a glance · consolidated

Market cap
₹814 Crat ₹195.54 · previous close
PE ratio (last 4 quarters)
6.53.3 on FY26 profit
Price to book (PB)
2.48book value ₹78.99 a share
ROE (FY26)
150.6%ROCE 115.4%
Debt to equity
0.00net cash ₹85.4 Cr
Promoter holding
74.93%unchanged vs 30 Jun 202630 September 2026
Net worth
₹329 Cr+61.4% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹53.5 Cr−17.0% vs FY25
EPS (FY26)
₹59.27

Questions

What is the Indosolar PE ratio today?

Indosolar's PE ratio is 6.5 at the previous close (₹195.54 a share): a market capitalisation of ₹814 crore divided by consolidated net profit of ₹125 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹247 crore) it is 3.3.

What is the Indosolar net worth?

Indosolar's net worth — shareholders' equity in its consolidated balance sheet — was ₹329 crore on 30 September 2026, up 61.4% from ₹204 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹814 crore at the previous close.

What is the Indosolar book value per share?

Indosolar's book value per share was ₹78.99 on 30 September 2026: shareholders' equity of ₹329 crore divided by the 4.16 crore shares in issue, up 61.4% from ₹48.93 a year earlier. The share price at the previous close was ₹195.54.

What is the Indosolar PB ratio (price to book value)?

Indosolar's price-to-book (PB) ratio is 2.48 at the previous close: a market capitalisation of ₹814 crore divided by shareholders' equity (book value) of ₹329 crore on 30 September 2026. That is a book value of ₹78.99 per share against a share price of ₹195.54.

What is the Indosolar ROE and ROCE?

In FY26, Indosolar's return on equity (ROE) was 150.6% and its return on capital employed (ROCE) was 115.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).

What is the Indosolar shareholding pattern?

On 30 September 2026, Indosolar's shares were held by promoters 74.93%, foreign portfolio investors (FII/FPI) 0.61%, domestic institutions (DII) 0.06% and retail and other non-institutional investors 24.40%. Over the year, FII holding was up 0.07 percentage points from 0.54% and DII holding was down 0.01 percentage points from 0.07%.

What is the Indosolar market cap?

Indosolar's market capitalisation was ₹814 crore at the previous close: 4.16 crore shares at ₹195.54 each.

Is Indosolar debt free?

Yes. Indosolar had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹85.4 crore of cash, bank balances and current investments.

What is the Indosolar debt to equity ratio?

Indosolar's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹329 crore. A year earlier, on 30 September 2025, it was 0.00.

What is the Indosolar EPS?

Indosolar's basic earnings per share (EPS) were ₹59.27 in FY26, against ₹13.17 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹30.06.

What is the Indosolar promoter holding?

Promoters held 74.93% of Indosolar on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

When are the Indosolar next results?

Indosolar has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What is the Indosolar free cash flow?

In FY26, Indosolar generated ₹78.4 crore of cash from operations and spent ₹24.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹53.5 crore. In FY25 it was ₹64.5 crore.

What are the Indosolar latest quarterly results?

Indosolar's latest results are for Q2 FY27 (July–September 2026), filed on 21 October 2026: consolidated net profit ₹5 crore, down 89.2% from ₹46.3 crore in Q2 FY26; revenue from operations ₹156 crore, down 23.2% year on year.

What is the Indosolar revenue and profit in FY26?

In FY26 (April 2025–March 2026), Indosolar's consolidated net profit was ₹247 crore, up 350.1% from ₹54.8 crore in FY25, on revenue from operations of ₹680 crore (up 109.9%). Over three years, from FY23, net profit was down 77.2%.

How does Indosolar compare with its peers?

On FY26 consolidated figures, against Jyoti Structures, Swelect Energy Systems and Bajel Projects: Indosolar's operating margin of 34.4% is the highest of the four (Jyoti Structures 4.8%, Swelect Energy Systems 15.6%, Bajel Projects 2.8%; peer average 7.7%); its return on equity of 150.6% is the highest of the four (Jyoti Structures 10.8%, Swelect Energy Systems 6.2%, Bajel Projects 2.9%; peer average 6.6%).

Indosolar vs Jyoti Structures: how do they compare?

In FY26, Indosolar earned net profit of ₹247 crore on revenue of ₹680 crore, against ₹56 crore on ₹751 crore for Jyoti Structures. Indosolar's operating margin was 34.4% (Jyoti Structures 4.8%) and its return on equity 150.6% (Jyoti Structures 10.8%).

Where do these Indosolar figures come from?

From Indosolar's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.