Insolation Energy Ltd., also known as INA Solar, is a Jaipur-based solar energy leader established in 2015 by Mr. Manish Gupta and Mr. Vikas Jain. The company manufactures high-efficiency solar PV modules, including Poly, Mono Crystalline, Half-Cut, BIPV, and TOPCon variants, at its state-of-the-art, automated facility spanning 1.25 lakh square feet. Known for stringent quality assurance, its products hold certifications like BIS, ALMM, and UL. Insolation Energy has executed key projects, including installations for Delhi Metro and Kanpur Metro, and contributes to rooftop solar initiatives under PM Kusum Yojna. Committed to sustainability, it delivers green energy solutions for residential, commercial, and industrial needs.
News on Insolation Energy
Insolation Green Energy Private Limited, a wholly-owned subsidiary of Insolation Energy Ltd, has achieved a significant milestone by receiving a letter of allotment for 1,82,108.5 square meters of land. The allotment is situated in the manufacturing zone for Power and Renewable Energy Equipment in Mohasa, Babai, District Narmadapuram, Madhya Pradesh. This strategic development aligns with the company’s focus on renewable energy and manufacturing capabilities, positioning it to capitalize on the growing demand for sustainable energy solutions in India.
Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Dec 2024 | |
Promoters + | 69.89% | 69.95% | 69.98% | 70.04% | 66.22% |
FIIs + | 0.00% | 0.04% | 0.00% | 0.59% | 1.36% |
DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.15% |
Public + | 30.11% | 30.01% | 30.01% | 29.37% | 32.27% |
No. of Shareholders | 892 | 1,145 | 1,431 | 2,942 | 3,868 |
The shareholding pattern of Insolation Energy has experienced notable changes from March 2023 to December 2024. Promoters consistently held the majority stake, maintaining a strong position of 69.89% in March 2023, which slightly increased to 70.04% by September 2024 before declining to 66.22% in December 2024. Foreign Institutional Investors (FIIs) made a significant entry, increasing their stake from 0.04% in September 2023 to 1.36% in December 2024. Domestic Institutional Investors (DIIs) also entered the fold, holding 0.15% by the end of December 2024. The public shareholding showed fluctuations, decreasing from 30.11% in March 2023 to 29.37% by September 2024 but later rising to 32.27% in December 2024. The number of shareholders saw a substantial surge, growing from 892 in March 2023 to 3,868 in December 2024, reflecting increasing investor interest in Insolation Energy.
You can buy Insolation Energy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
March 2025 | 334.39 | 257.22 |
April 2025 | 331.08 | 254.68 |
May 2025 | 321.44 | 247.26 |
June 2025 | 335.90 | 258.38 |
July 2025 | 329.31 | 253.32 |
August 2025 | 339.50 | 261.15 |
September 2025 | 343.57 | 264.29 |
October 2025 | 352.51 | 271.16 |
November 2025 | 361.32 | 277.94 |
December 2025 | 377.58 | 290.44 |
As we move through 2025, the share prices of Insolation Energy are projected to show a dynamic range. In March 2025, the maximum price is expected to reach ₹334.39, while the minimum price could touch ₹257.22. By December 2025, the share is anticipated to escalate further, with a maximum price of ₹377.58 and a minimum price of ₹290.44.
When | Maximum Price | Minimum Price |
January 2026 | 388.90 | 299.16 |
February 2026 | 379.18 | 291.68 |
March 2026 | 386.77 | 297.51 |
April 2026 | 394.66 | 303.58 |
May 2026 | 390.75 | 300.58 |
June 2026 | 400.52 | 308.09 |
July 2026 | 392.67 | 302.05 |
August 2026 | 404.81 | 311.39 |
September 2026 | 412.91 | 317.62 |
October 2026 | 423.64 | 325.88 |
November 2026 | 434.23 | 334.03 |
December 2026 | 445.09 | 342.38 |
As we step into 2026, the share prices of Insolation Energy are expected to demonstrate consistent growth throughout the year. In January 2026, the maximum price is projected to reach ₹388.90, while the minimum price could be around ₹299.16. By December 2026, the share is anticipated to achieve a maximum price of ₹445.09 and a minimum price of ₹342.38.
When | Maximum Price | Minimum Price |
January 2027 | 449.54 | 345.80 |
February 2027 | 461.07 | 354.67 |
March 2027 | 479.05 | 368.50 |
April 2027 | 469.66 | 361.27 |
May 2027 | 455.98 | 350.75 |
June 2027 | 476.50 | 366.53 |
July 2027 | 467.15 | 359.35 |
August 2027 | 481.60 | 370.46 |
September 2027 | 498.46 | 383.43 |
October 2027 | 511.42 | 393.40 |
November 2027 | 524.20 | 403.23 |
December 2027 | 537.31 | 413.31 |
When | Maximum Price | Minimum Price |
January 2028 | 548.05 | 421.58 |
February 2028 | 562.11 | 432.39 |
March 2028 | 584.03 | 449.25 |
April 2028 | 572.58 | 440.44 |
May 2028 | 555.90 | 427.61 |
June 2028 | 580.91 | 446.86 |
July 2028 | 569.52 | 438.10 |
August 2028 | 587.14 | 451.64 |
September 2028 | 607.69 | 467.45 |
October 2028 | 623.49 | 479.61 |
November 2028 | 639.08 | 491.60 |
December 2028 | 655.05 | 503.89 |
When | Maximum Price | Minimum Price |
January 2029 | 668.15 | 513.96 |
February 2029 | 685.29 | 527.14 |
March 2029 | 712.01 | 547.70 |
April 2029 | 698.05 | 536.96 |
May 2029 | 677.72 | 521.32 |
June 2029 | 708.22 | 544.78 |
July 2029 | 694.33 | 534.10 |
August 2029 | 715.80 | 550.62 |
September 2029 | 740.86 | 569.89 |
October 2029 | 760.12 | 584.71 |
November 2029 | 779.12 | 599.32 |
December 2029 | 798.60 | 614.31 |
When | Maximum Price | Minimum Price |
January 2030 | 814.57 | 626.59 |
February 2030 | 835.46 | 642.66 |
March 2030 | 868.04 | 667.72 |
April 2030 | 851.02 | 654.63 |
May 2030 | 826.23 | 635.56 |
June 2030 | 863.41 | 664.17 |
July 2030 | 846.48 | 651.14 |
August 2030 | 872.66 | 671.28 |
September 2030 | 903.21 | 694.78 |
October 2030 | 926.69 | 712.84 |
November 2030 | 949.86 | 730.66 |
December 2030 | 973.61 | 748.93 |
As we progress through 2030, the share prices of Insolation Energy are expected to exhibit significant growth and volatility. In January 2030, the maximum price is projected to reach ₹814.57, while the minimum price could be around ₹626.59. By December 2030, the share is anticipated to escalate further, achieving a maximum price of ₹973.61 and a minimum price of ₹748.93.
Financial Condition of Insolation Energy
Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 215 | 279 | 737 | 1,071 |
Expenses + | 201 | 261 | 656 | 939 |
Operating Profit | 14 | 19 | 81 | 132 |
OPM % | 6% | 7% | 11% | 12% |
Other Income + | 0 | 1 | 4 | 3 |
Interest | 3 | 3 | 10 | 8 |
Depreciation | 2 | 2 | 7 | 8 |
Profit before tax | 9 | 14 | 68 | 119 |
Tax % | 26% | 23% | 18% | |
Net Profit + | 7 | 11 | 55 | 102 |
EPS in Rs | 0.46 | 0.51 | 2.66 | 4.88 |
Dividend Payout % | 0% | 0% | 0% |
Insolation Energy has demonstrated significant growth in its financial performance from March 2022 to the TTM period. Sales surged from ₹215 crore in March 2022 to ₹737 crore in March 2024 and further to ₹1,071 crore in the TTM, showcasing rapid business expansion. Operating profit also grew substantially, from ₹14 crore in March 2022 to ₹132 crore in the TTM, with the operating profit margin improving from 6% to 12%, indicating enhanced efficiency.
The company’s profit before tax increased notably, from ₹9 crore in March 2022 to ₹119 crore in the TTM, supported by controlled interest and depreciation expenses. The tax rate reduced from 26% to 18% during this period, contributing to a sharp rise in net profit from ₹7 crore in March 2022 to ₹102 crore in the TTM. Other income remained modest but steady, supplementing the overall profitability.
Earnings per share (EPS) reflected strong growth, increasing from ₹0.46 in March 2022 to ₹4.88 in the TTM, highlighting enhanced value for shareholders. Despite this, Insolation Energy retained a dividend payout ratio of 0%, emphasizing reinvestment of profits to fuel future growth and strengthen its market position.
FAQS
It is anticipated that Insolation Energy per share price will increase to ₹377.58 by the end of 2025.
What is the current market capitalization of Insolation Energy?
The current market capitalization of Insolation Energy is ₹5,112 Crore.
The per share price of Insolation Energy might reach in between ₹626.59 and ₹973.61 by the end of 2030.
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Insolation Energy Ltd. has demonstrated impressive financial growth, with sales rising from ₹215 crore in March 2022 to ₹1,071 crore in the TTM, and operating profit increasing from ₹14 crore to ₹132 crore. Its EPS surged to ₹4.88, highlighting strong shareholder value. The company’s strategic expansion, including the acquisition of land for renewable energy manufacturing, aligns with its growth vision. With a growing investor base and solid financials, Insolation Energy is well-positioned for continued success in India’s renewable energy market.
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