Indosolar Limited manufactures solar photovoltaic modules and operates as part of the Waaree group. India's rapid solar-capacity expansion and policy support for domestic renewable-energy manufacturing provide long-term opportunities. Manufacturing expansion, technology upgrades, and participation in the growing domestic solar supply chain can support future growth. Module pricing, technology changes, raw-material availability, policy incentives, competition, and execution remain important factors.
| Market cap | Sales (TTM) | Net profit (TTM) | P/E | EPS (TTM) | P/B | ROE | ROE previous year | ROCE | Debt / equity | Free cash flow | EV / EBITDA | Beta |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹881 cr | ₹554 cr | ₹166 cr | 5.3 | 40.00 | 3.07 | 150.6% | 420.6% | 125.8% | 0.00 | ₹53 cr | 3.2 | 0.95 |
| Quarter | Sales ₹ cr | Net profit ₹ cr | EPS | EPS YoY | Sales YoY | Net margin |
|---|---|---|---|---|---|---|
| Jun 2026 | 68 | 37 | 8.80 | -68.7% | -64.9% | 53.6% |
| Mar 2026 | 83 | 42 | 10.09 | +4.8% | -56.7% | 50.5% |
| Dec 2025 | 200 | 42 | 9.97 | +305.3% | +93.7% | 20.8% |
| Sep 2025 | 202 | 46 | 11.14 | +388.6% | +635.1% | 22.9% |
| Jun 2025 | 195 | 117 | 28.07 | turnaround | — | 60.0% |
| Mar 2025 | 192 | 40 | 9.63 | turnaround | — | 20.9% |
| Dec 2024 | 103 | 10 | 2.46 | turnaround | — | 9.9% |
| Sep 2024 | 28 | 10 | 2.28 | turnaround | — | 34.4% |
| Check | Result |
|---|---|
| Latest quarter EPS up 25%+ on a year ago | ✗ Fail |
| EPS growth accelerating over 3 quarters | ✗ Fail |
| Sales up 25%+, or sales growth accelerating | ✗ Fail |
| Annual EPS up 25%+ in each of the last 2 years | — Not assessable |
| Net margin above the same quarter last year | ✗ Fail |
| Method | Checks | Score | Verdict |
|---|---|---|---|
| Minervini | ✗ Close above the 150- and 200-day averages ✗ 150-day above 200-day ✗ 200-day rising for a month ✗ 50-day above the 150- and 200-day ✗ Close above the 50-day ✗ At least 25% above the 52-week low · low 181.98 ✗ Within 25% of the 52-week high · high 711.70 ✓ RS percentile 70 or more · RS 85 Trend template - the gate, measured: a modest 21-day edge. | 1/8 | 1 of 8 |
| Weinstein | Stan Weinstein's stage analysis on the 30-week moving average. | Stage 4 - declining | |
| CAN SLIM | ✗ C latest quarter EPS up 25%+ — A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held ✗ N within 15% of the 52-week high · high 711.70 ✗ S more volume on up days than down days (50 sessions) · 0.50x ✓ L RS percentile 80 or more · RS 85 — I institutional sponsorship rising · shareholding not collected yet ✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45% William O'Neil's growth-leader checklist. | 2/5 | Weak |
| Turtle | ✗ Close above the prior 55-session high · 345.45 ✗ Close above the prior 20-session high · 274.15 ✗ Close below the prior 20-session low · 196.24 Donchian channel breakout - the Turtle traders' entry. | No signal | |
| Greenblatt | — Earnings yield (EBITDA / EV) · 30.8% — Return on capital (ROCE) · 125.8% Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately. | 100/100 | Strong |
| Graham | ✓ Price at or below the Graham number · Graham number 249.09 ✓ P/E 15 or less · P/E 5.3 ✓ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 3.07 ✓ Current ratio 2 or more · 6.70 — 10 years of positive earnings, 20 of dividends · history not held Benjamin Graham's defensive-investor tests. | 100/100 | Undervalued |
| Piotroski | ✓ Profitable (ROA > 0) ✓ Operating cash flow positive ✓ ROA rising ✗ Cash flow above net profit (earnings quality) ✓ Long-term debt / assets falling ✓ Current ratio rising · 6.70 ✓ No new shares issued — Margin rising (net margin) — Asset turnover rising Joseph Piotroski's F-score, FY 2025 -> 2026. | 6/7 | Strong |
| Stock | 1M % | 3M % | 6M % | 1Y % | 3Y % | 5Y % | P/E | P/B | ROE % | ROCE % | ROA % | D/E | EV/EBITDA | ₹ Cr | Sales TTM ₹ Cr | Profit TTM ₹ Cr | EPS | Beta |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WAAREEINDO this stock | -21.0 | -44.5 | -60.9 | -68.7 | — | — | 5.3 | 3.07 | 150.6 | 125.8 | — | 0.00 | 3.2 | 881 | 554 | 166 | 40.0 | 0.95 |
| ACMESOLAR | -4.0 | +10.7 | +39.7 | +50.9 | — | — | 42.7 | 5.82 | 10.4 | 9.2 | — | 3.75 | 20.1 | 29,477 | 2,370 | 602 | 9.8 | 0.25 |
| SWSOLAR | -9.0 | -25.3 | -24.5 | -29.3 | -42.7 | -62.6 | 18.2 | 5.18 | -37.4 | -6.3 | — | 1.27 | 11.1 | 3,741 | 7,155 | 213 | 8.8 | 1.78 |
| URJA | -9.6 | -10.6 | -22.0 | -32.4 | -15.6 | +3.4 | 296.1 | 2.50 | 0.8 | 1.3 | — | 0.05 | 151.1 | 442 | — | — | 0.0 | 1.18 |
| INOXGREEN | -31.1 | -39.6 | -26.7 | -54.1 | +69.4 | — | — | 2.78 | 5.6 | 8.4 | — | 0.05 | 28.3 | 4,738 | 280 | 122 | 3.1 | 1.71 |