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Indosolar Limited

Capital Goods · Electrical Equipment

NSE: WAAREEINDO BSE: 533257
₹209.95
▼ -0.70 (-0.33%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
80/100
Strong
Valuation
80/100
Undervalued
Momentum
7/100
Bearish

QVM read Quality at a discount Quality Strong, Valuation Undervalued, Momentum Bearish

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Indosolar Limited is an Indian photovoltaic cell and solar panel manufacturer. Following insolvency proceedings, it was acquired by Waaree Energies in 2022.

Source: Wikipedia

Key Metrics

Market Capitalization
₹873 Cr
PE (TTM)
5.2
Industry median 33.8 (82 companies)
Price to Book
3.0
PEG (TTM)
Data unavailable (needs 8 quarters of EPS).
Institutions holding %
0.61%
FII + DII, latest filed period
Piotroski Score
8
Relative return vs Nifty50, qtr %
-26.9
Relative return vs Sector, qtr %
-33.8
Free Cash Flow
₹53 Cr
as of March 31, 2026
Industry median ₹-2 Cr (102 companies)
EPS Growth (YoY)
-68.65%
as of June 30, 2026
Industry median 14.68% (91 companies)
Net Profit Growth (TTM)
1262.54%
as of June 30, 2026
Industry median 15.68% (84 companies)
Operating Revenue Growth (TTM)
70.08%
as of June 30, 2026
Industry median 18.02% (84 companies)
Profit Growth (YoY)
388.64%
as of Sept. 30, 2025
Industry median 20.65% (88 companies)
Revenue Growth (YoY)
-64.88%
as of June 30, 2026
Industry median 23.99% (87 companies)
Current Ratio
6.70
as of March 31, 2026
Industry median 1.82 (100 companies)
Debt to Equity
0.00
as of March 31, 2026
Industry median 0.16 (96 companies)
Interest Coverage
314.89
as of June 30, 2026
Industry median 8.46 (94 companies)
Net Margin
53.57%
as of June 30, 2026
Industry median 9.17% (94 companies)
Operating Margin (EBIT)
69.55%
as of June 30, 2026
Industry median 13.90% (96 companies)
Operating Margin (TTM)
41.07%
as of June 30, 2026
Industry median 13.57% (94 companies)
Return on Assets
31.37%
as of March 31, 2026
Industry median 6.48% (88 companies)
Return on Capital Employed
76.27%
as of March 31, 2026
Industry median 16.91% (90 companies)
Return on Equity
37.65%
as of March 31, 2026
Industry median 12.09% (88 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

4 of 7 met
  • No Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • Yes Piotroski F-score is 7 or more (score 8)
  • Yes Debt to equity is below 0.5 (0.00)
  • Yes Return on equity is 15% or more (37.6%)
  • No Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

2 of 3 met
  • No FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)

Peer comparison

1 of 3 met
  • No 1-year return beats the industry median
  • No Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

2 of 6 met
  • Yes Price sits in the Buy zone of its own historical PE range (Undervalued (below its own historical PE range))
  • Yes Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
-0.3%
Low 205.5500 · High 215.0000
1W return
-17.9%
Low 205.5500 · High 242.9500
1M return
-21.9%
Low 205.5500 · High 278.1500
52W return
-62.4%
Low 205.5500 · High 725.0000
Lifetime High ₹711.7000 (Oct. 9, 2025)
Lifetime Low ₹173.3200 (June 19, 2025)

Full price history and technicals →

Technicals

Full technicals, indicators & Volume/Delivery →

EMA & SMA

Bullish0
Bearish6
5D
221.8
10D
233.7
20D
248.3
50D
283.3
100D
322.3
200D
381.8

Delivery and volume

Day avg. delivery
53.2%
Week avg. delivery
71.4%
Month avg. delivery
54.0%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

210.17
Pivot
First resistance214.78
Second resistance219.62
Third resistance224.23
First support205.33
Second support200.72
Third support195.88
Day RSI21.7
Day MFI21.4
Day MACD-18.82
Day MACD signal-16.01

Beta

1M1.71
3M1.13
1Y1.01
3Y1.07

Price change analysis

↓ -21.9%
Over 1 Month
LowHigh
205.55278.15
↓ -46.3%
Over 3 Months
LowHigh
205.55406.00
↓ -45.4%
Over 6 Months
LowHigh
205.55540.85
↓ -62.4%
Over 1 Year
LowHigh
205.55725.00
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 5.2 (own history: 6.2–9.7)
Undervalued (below its own historical PE range)

Financials

View full financials, peers & valuation multiples →
Revenue (June 30, 2026)
₹68 Cr
Net profit (June 30, 2026)
₹37 Cr
Basic EPS (June 30, 2026)
₹8.8000

Ranks #54 of 95 in Electrical Equipment by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter74.93%
  • FII/FPI0.55%
  • Public24.46%

Largest holders

NameCategoryShares %Shares
WAAREE ENERGIES LIMITEDPromoter74.9300%31173505
ZAVERI AND CO. PVT. LTD.Public1.3500%561500
MANSI SHARE & STOCK BROKING PRIVATE LIMITEDPublic1.0500%435898

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 74.93% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings were unchanged at 0.55% in Jun 2026 qtr

Historical mutual fund holding

All shareholding details →

Insider trading, SAST & pledges

All 10 insider trades, 4 SAST, 0 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
2 Aug 2018 Anand Kumar Agarwal Key managerial personnel Sell 0 ₹0
5 Jan 2018 Greenlite Lighting Corporation Promoter Buy 0 ₹0
27 Dec 2017 Anand Kumar Agarwal Key managerial personnel Buy 0 ₹0
26 Sep 2017 Anand Kumar Agarwal Key managerial personnel Buy 0 ₹0
2 Aug 2017 Anand Kumar Agarwal Key managerial personnel Buy 0 ₹0
18 May 2017 Anand Kumar Agarwal Key managerial personnel Sell 0 ₹0
10 Jan 2017 Anand Kumar Agarwal Key managerial personnel Buy 0 ₹0
30 Jun 2016 Anand Kumar Agarwal Key managerial personnel Sell 0 ₹0
19 May 2016 Anand Kumar Agarwal Key managerial personnel Buy 0 ₹0
15 Mar 2016 Greenlite Lighting Corporation Promoter Buy 0 ₹0

All insider and SAST disclosures →

Deals (Bulk & Block)

All 15 deals, with filters and CSV →
DateClientDealActionQuantityPriceExchange
9 Oct 2025 VINOD KUMAR Bulk Sell 288,017 712.6500 NSE
7 Oct 2025 EPITOME TRADING AND INVESTMENTS Bulk Sell 255,399 642.9800 NSE
27 Dec 2017 MC JAIN INFOSERVICES PVT.LTD. Bulk Buy 1,847,570 8.7400 BSE
18 Nov 2010 BLUEBERRY TRADING COMPANY P L Bulk Sell 1,724,600 25.5600 BSE
29 Sep 2010 TRANSGLOBAL SECURITIES LTD. Bulk Buy 1,862,228 24.7300 BSE
29 Sep 2010 TRANSGLOBAL SECURITIES LTD. Bulk Sell 1,862,228 24.7500 BSE
29 Sep 2010 MARWADI SHARES AND FINANCE LIMITED Bulk Buy 1,971,274 24.5400 BSE
29 Sep 2010 MARWADI SHARES AND FINANCE LIMITED Bulk Sell 1,971,274 24.5900 BSE
29 Sep 2010 OPG SECURITIES P LTD Bulk Buy 3,032,103 24.9400 BSE
29 Sep 2010 OPG SECURITIES P LTD Bulk Sell 3,032,103 24.9400 BSE

All bulk and block deals →

Corporate Actions

Full history (9 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
18 Sep 2020OTHER Annual General Meeting
19 Sep 2018OTHER Annual General Meeting
20 Sep 2017OTHER Annual General Meeting
22 Sep 2016OTHER Annual General Meeting
22 Sep 2015OTHER Annual General Meeting

All corporate actions →

Board Meetings

View board meeting history →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
23 Jul 2026 Financial Results Yes
20 Apr 2026 Financial Results Yes
16 Jan 2026 Financial Results Yes
14 Jan 2026 Financial Results Yes
10 Oct 2025 Financial Results Yes

Corporate Announcements

All 453 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
28 Sep 2026 Insider Trading / SAST Indosolar Ltd - 533257 - Closure of Trading Window
28 Sep 2026 Trading Window Indosolar Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
23 Sep 2026 Amalgamation/Merger Indosolar Limited has informed the Exchange about Amalgamation/Merger
23 Sep 2026 Outcome of Board Meeting Indosolar Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.
1 Sep 2026 Shareholders meeting Voting Results and Scrutiniser Report
1 Sep 2026 Appointment Indosolar Limited has informed the Exchange regarding Appointment of Mr. Nilesh Bhogilal Gandhi as Non- Executive Independent Director of the company w.e.f. April 20, 2026.
1 Sep 2026 Shareholders meeting Indosolar Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results.
31 Aug 2026 Shareholders meeting Indosolar Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026
8 Aug 2026 Copy of Newspaper Publication Indosolar Limited has informed the Exchange about Copy of Newspaper Publication
7 Aug 2026 Shareholders meeting Indosolar Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 31, 2026

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • High Return on Equity (37.6%)
  • Strong net profit margin (53.6%)
  • Low financial leverage (Debt/Equity 0.00)
  • Comfortable interest coverage (314.9x)

Weaknesses

  • Declining revenue YoY (-64.9%)

Opportunities

  • PE below 15 (5.2) relative to a typical growth business
  • RSI in oversold territory (21.7) -- a technical rebound zone

Threats

  • Down 62.4% over the past year

Board of directors and corporate information →

F&O

View F&O, Options & Backtest →

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Indosolar Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.