# Indosolar share price today (Indosolar Ltd, NSE: WAAREEINDO)

> Indosolar share price today: ₹193.74 at the NSE close on 3 November 2026, down 66.6% in a year. Indosolar (NSE: WAAREEINDO) is worth ₹804 crore, trades at a P/E of 6.4 and has closed between ₹191.45 and ₹556.90 over the past 52 weeks. > Indosolar Ltd's P/E is near the low end of its own history, higher than only 17% of past readings, and its quarterly results are still getting worse. WAAREEINDO · Electric Equipment - General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/indosolar-ltd

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## Key numbers

- Price: ₹193.74 (−66.6% in a year)
- P/E: 6.4× (lower than 83% of the last 1 year)
- Revenue (Sep 2026): ₹156 Cr (−23.2% on a year ago)
- Profit (Sep 2026): ₹5.0 Cr (−89.2% on a year ago)
- Operating margin: 9.5% (−25.4 points on a year ago)
- ROCE: 124%, FY26
- ROIC: 44.7%, against a 12.0% cost of capital: +32.7 points
- Profit that came in as cash: 11%, last 3 years

The main question: yearly earnings per share moved +350.0% while the share price moved −66.6%. ## What is the Indosolar share price today? Indosolar Ltd's share price was ₹193.74 at the close on 3 November 2026. It has been falling for 10 weeks. That is 35.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹191 and ₹557, and at that close it sat 1% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running. Over the last 11 years the share price moved +2,368% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 12 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Indosolar this quarter? One change stood out: lowest operating margin in 9 quarters. 1. Lowest operating margin in 9 quarters Operating margin was 9.5% in the September 2026 quarter, against 34.9% a year earlier. ## What are Indosolar's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Indosolar reported revenue of ₹156 crore, down 23.2% from ₹203 crore a year earlier, and a profit of ₹5.02 crore, down 89.2% from ₹46.3 crore. ### Indosolar results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹156 crore | ₹203 crore | −23.2% |
| Profit | ₹5.02 crore | ₹46.3 crore | −89.2% |
| Earnings per share | ₹1.21 | ₹11.14 | −89.1% |
| Operating margin | 9.5% | 34.9% | −25.4 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Indosolar share price history? Indosolar closed at ₹193.74 on 3 November 2026, down 66.6% from ₹579.75 a year earlier (3 November 2025) and up 5,515.7% over five years. Its highest weekly close since March 2016 was ₹711.70 on 9 October 2025. ### Indosolar share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹197.75 | −2.0% |
| 1 month ago · 1 Oct 2026 | ₹203.15 | −4.6% |
| 6 months ago · 30 Apr 2026 | ₹432.70 | −55.2% |
| 1 year ago · 3 Nov 2025 | ₹579.75 | −66.6% |
| 5 years ago · 4 Nov 2021 | ₹3.45 | +5,515.7% |
| 10 years ago · 4 Nov 2016 | ₹6.85 | +2,728.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹7.85 | +2,368.0% |
| Highest weekly close since March 2016 · 9 Oct 2025 | ₹711.70 | −72.8% |
| Lowest weekly close since March 2016 · 18 Oct 2019 | ₹0.30 | +64,480.0% |
| 52-week high (weekly close) · 17 Nov 2025 | ₹556.90 | −65.2% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹191.45 | +1.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (403 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Indosolar? 3 Nov 2026: Indosolar closed at ₹193.74, down 2.0% on the week and down 4.6% on the month. Results for July to September 2026: Revenue down 23.2% and profit down 89.2% on a year earlier. ## What dividend does Indosolar pay? Indosolar has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. Indosolar Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Indosolar on? Indosolar is on one of our India lists: Power & green energy stocks. [Power & green energy stocks Group on the list: Solar and wind equipment makers](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Indosolar profitable? Indosolar Ltd earned ₹5.0 Cr of net profit in the Sep 2026 quarter, −89.2% on the same quarter a year earlier. Full-year FY26 profit was ₹247 Cr. That is 3.2% of the quarter's revenue. The same quarter a year earlier earned ₹46.3 Cr. 3 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹247 Cr (+349.1% on the year before). Why profit moved: revenue changed −23.2% on a year earlier and the margin moved −25.4 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +38.0% and revenue −12.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Indosolar make, and is it growing? Indosolar Ltd reported ₹156 Cr of revenue in the Sep 2026 quarter, −23.2% on the same quarter a year earlier. Over 10 years it has grown 10.2% a year on average. The last full year, FY26, came in at ₹680 Cr. The last four reported quarters add to ₹507 Cr. FY26 revenue was ₹680 Cr, +109.9% on the year before. Recent pace: the last four quarters grew −12.8% on average, against 10.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −26.8%, against +324.6% a year over the last 8 quarters (rolling over). ## How much of every ₹100 of sales does Indosolar keep? Indosolar Ltd's operating margin was 9.5% in the Sep 2026 quarter, 25.4 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 9 years it has been between −4,068.0% and 40.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −25.4 percentage points on the year while gross margin changed −22.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Indosolar's profit turning into cash? Over the last 3 years, 11% of Indosolar Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹78.0 Cr of operating cash against ₹247 Cr of profit. After ₹6.0 Cr of spending on assets, ₹72.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Indosolar's cash go? Indosolar Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹680 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹108 Cr on assets over the last 3 years. Averaged over those years that is 5.3% of FY26 revenue a year. Spending on assets: ₹108 Cr over the last 3 years, against ₹69.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Indosolar's P/E ratio, and how does it compare with its own history? Indosolar Ltd's P/E is 6.4×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/E (the middle reading) is 7.2×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +350.0% while the price moved −66.6%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Indosolar business getting better or worse? Indosolar Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Indosolar earn on its capital? Indosolar Ltd earned a ROCE of 124% in FY26. That is up from a low of −44% in FY19. Its return on capital used (ROIC) is 32.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 36.3% net margin and 1.98× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 36.3% net margin × 1.98× asset turnover × 1.20× leverage (assets divided by equity) ≈ 86.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 44.7% − 12.0% = +32.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 44.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 131.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Indosolar have too much debt? Indosolar Ltd has total debt of ₹3.0 Cr against shareholder equity of ₹329 Cr as of Sep 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from −0.04 in FY21 to 0.01 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Indosolar shareholding pattern? Promoters cut their stake in Indosolar Ltd by 21.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 74.9% of the company. Foreign institutions moved +0.6 points over the same period, to 0.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −21.2 points over 8 quarters, to 74.9%; Foreign institutions: +0.6 points over 8 quarters, to 0.6%; Domestic institutions: +0.1 points over 8 quarters, to 0.1%. Why the owners changed: promoters drove it (−21.2 points), with the other side taken by foreign institutions (+0.6 points). They reduced their stake. ## How far is Indosolar from balance-sheet trouble? For Indosolar Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Indosolar rank in its industry? 36.1 out of 100, rank 9 of 14 in Electric Equipment - General, with 68% of the evidence available. Indosolar Ltd scores 36.1 out of 100 against the 14 companies it is compared with in Electric Equipment - General, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 0.8 + 16.3 + 11.5 + 7.5 = 36.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Indosolar compared with? Indosolar ranks 9 of 14 Electric Equipment - General companies on the 4-Factor Sector Score, with 36.1 out of 100. 1. [Emmvee Photovoltaic Power Ltd](https://www.sectoralpha.in/stocks/emmvee-photovoltaic-power-ltd) EMMVEE · quiet · Most evidence points up · 73% evidence 73.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/43.75 · Revenue 60.2% · Profit 93.7% · Operating margin change 0 points · 100% evidence Capital efficiency 25.9/31.25 · ROCE 44.6% · Operating margin 35% · 100% evidence Valuation 20.3/25 · P/E 11.2× · PEG 0.68 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 26.8 + 25.9 + 20.3 = 73 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 2. [Fujiyama Power Systems Ltd](https://www.sectoralpha.in/stocks/fujiyama-power-systems-ltd) UTLSOLAR · losing its lead · Most evidence points up · 69% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/43.75 · Revenue 95% · Profit 62.4% · Operating margin change 1 points · 88% evidence Capital efficiency 20.3/31.25 · ROCE 35.1% · Operating margin 19% · 100% evidence Valuation 19.2/25 · P/E 26.8× · PEG 0.56 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.4 + 20.3 + 19.2 = 66.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 3. [Hindusthan Insulators & Industries Ltd](https://www.sectoralpha.in/stocks/hindusthan-insulators-industries-ltd) leader · Evidence leans up · 72% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 72% · Profit 100% · Operating margin change 34 points · 71% evidence Capital efficiency 8.2/25 · ROCE 10.6% · Operating margin 44% · 95% evidence Valuation 10.8/20 · P/E 12.7× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 97.4% · Lead over NIFTY 500 144% · 1 year 432.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.9 + 8.2 + 10.8 + 20 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Yash Highvoltage Ltd](https://www.sectoralpha.in/stocks/yash-highvoltage-ltd) leader · Too little evidence to rank firmly · 56% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue n/a · Profit n/a · Operating margin change 7 points · 26% evidence Capital efficiency 16.1/25 · ROCE 28.6% · Operating margin 28% · 95% evidence Valuation 8.7/20 · P/E 58.7× · PEG n/a · 15% evidence Relative strength 18.1/20 · Lead over its industry 38.3% · Lead over NIFTY 500 79.6% · 1 year 137.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.4 + 16.1 + 8.7 + 18.1 = 62.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Parth Electricals & Engineering Ltd](https://www.sectoralpha.in/stocks/parth-electricals-engineering-ltd) PARTH · leader · Too little evidence to rank firmly · 52% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.1/35 · Revenue n/a · Profit n/a · Operating margin change -1 points · 27% evidence Capital efficiency 10.4/25 · ROCE 21% · Operating margin 11% · 100% evidence Valuation 9.4/20 · P/E 38.2× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry 3.6% · Lead over NIFTY 500 36.3% · 1 year 76.6% · 70% evidence · 12 of 12 weeks ahead Exact sum: 15.1 + 10.4 + 9.4 + 12.3 = 47.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [ABB India Ltd](https://www.sectoralpha.in/stocks/abb-india-ltd) ABB · losing its lead · Evidence leans down · 71% evidence 45.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/35 · Revenue 10.2% · Profit 66.5% · Operating margin change -1 points · 62% evidence Capital efficiency 14.2/25 · ROCE 29.9% · Operating margin 13% · 76% evidence Valuation 9.2/20 · P/E 88.2× · PEG n/a · 50% evidence Relative strength 4.6/20 · Lead over its industry -24.8% · Lead over NIFTY 500 4.8% · 1 year 22.9% · 100% evidence · 5 of 12 weeks ahead Exact sum: 17.8 + 14.2 + 9.2 + 4.6 = 45.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Vidya Wires Ltd](https://www.sectoralpha.in/stocks/vidya-wires-ltd) VIDYAWIRES · quiet · Too little evidence to rank firmly · 59% evidence 44.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/43.75 · Revenue 31.6% · Profit 40.9% · Operating margin change -0.5 points · 88% evidence Capital efficiency 11.9/31.25 · ROCE 20.6% · Operating margin 4% · 100% evidence Valuation 12.7/25 · P/E 27.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.8 + 11.9 + 12.7 = 44.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Saatvik Green Energy Ltd](https://www.sectoralpha.in/stocks/saatvik-green-energy-ltd) SAATVIKGL · quiet · Evidence leans down · 83% evidence 40.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 46.5% · Profit -21.9% · Operating margin change -12.7 points · 88% evidence Capital efficiency 12.7/25 · ROCE 33% · Operating margin 6.6% · 100% evidence Valuation 15.0/20 · P/E 17.6× · PEG 0.84 · 65% evidence Relative strength 3.5/20 · Lead over its industry -39.8% · Lead over NIFTY 500 -13.8% · 1 year -34.5% · 70% evidence · 0 of 12 weeks ahead Exact sum: 9.3 + 12.7 + 15 + 3.5 = 40.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. Indosolar Ltd this page WAAREEINDO · basing · Evidence leans down · 68% evidence 36.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 0.8/35 · Revenue -26.8% · Profit -41.4% · Operating margin change -25.4 points · 100% evidence Capital efficiency 16.3/25 · ROCE 124% · Operating margin 9.5% · 100% evidence Valuation 11.5/20 · P/E 6.4× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -47.2% · 1 year -68.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 0.8 + 16.3 + 11.5 + 7.5 = 36.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Vivid Electromech Ltd](https://www.sectoralpha.in/stocks/vivid-electromech-ltd) VIVIDEL · losing its lead · Too little evidence to rank firmly · 43% evidence 59.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.6/43.75 · Revenue n/a · Profit n/a · Operating margin change 1 points · 45% evidence Capital efficiency 21.7/31.25 · ROCE 58.9% · Operating margin 20% · 95% evidence Valuation 12.3/25 · P/E 28.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 25.6 + 21.7 + 12.3 = 59.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [Cospower Engineering Ltd](https://www.sectoralpha.in/stocks/cospower-engineering-ltd) Too little evidence to rank firmly · 28% evidence 55.8 out of 100 Growth Capital Valuation Relative
12. [GP Eco Solutions India Ltd](https://www.sectoralpha.in/stocks/gp-eco-solutions-india-ltd) GPECO · quiet · Too little evidence to rank firmly · 32% evidence 55.3 out of 100 Growth Capital Valuation Relative
13. [Indo SMC Ltd](https://www.sectoralpha.in/stocks/indo-smc-ltd) losing its lead · Too little evidence to rank firmly · 28% evidence 50.5 out of 100 Growth Capital Valuation Relative
14. [Saakshi Medtech & Panels Ltd](https://www.sectoralpha.in/stocks/saakshi-medtech-panels-ltd) SAAKSHI · breaking out · Too little evidence to rank firmly · 39% evidence 50.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Electric Equipment - General](https://www.sectoralpha.in/sectors/electric-equipment-general), all 14 compared on one page. ## Which companies are close to Indosolar in size? Indosolar is the 10th largest of 14 Electric Equipment - General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Hindusthan Insulators & Industries, Vivid Electromech and Indo SMC. Just below it: Saakshi Medtech & Panels, Parth Electricals & Engineering and Cospower Engineering. ### Electric Equipment - General companies close in size

1. [Hindusthan Insulators & Industries Ltd](https://www.sectoralpha.in/stocks/hindusthan-insulators-industries-ltd) ₹1,626 crore
2. [Vivid Electromech Ltd](https://www.sectoralpha.in/stocks/vivid-electromech-ltd) ₹1,008 crore
3. [Indo SMC Ltd](https://www.sectoralpha.in/stocks/indo-smc-ltd) ₹941 crore
4. Indosolar Ltd ₹797 crore
5. [Saakshi Medtech & Panels Ltd](https://www.sectoralpha.in/stocks/saakshi-medtech-panels-ltd) ₹714 crore
6. [Parth Electricals & Engineering Ltd](https://www.sectoralpha.in/stocks/parth-electricals-engineering-ltd) ₹659 crore
7. [Cospower Engineering Ltd](https://www.sectoralpha.in/stocks/cospower-engineering-ltd) ₹550 crore

[All 14 Electric Equipment - General companies, largest first](https://www.sectoralpha.in/sectors/electric-equipment-general#all-companies)

### Companies close in size in other industries

1. [Advance Agrolife Ltd](https://www.sectoralpha.in/stocks/advance-agrolife-ltd) ₹797 crore · Pesticides/Agrochemicals
2. [Aryaman Financial Services Ltd](https://www.sectoralpha.in/stocks/aryaman-financial-services-ltd) ₹797 crore · Finance
3. Indosolar Ltd ₹797 crore
4. [Aptus Pharma Ltd](https://www.sectoralpha.in/stocks/aptus-pharma-ltd) ₹793 crore · Trading
5. [Shree Ganesh Remedies Ltd](https://www.sectoralpha.in/stocks/shree-ganesh-remedies-ltd) ₹792 crore · Chemicals - Organic

## What else do people ask about Indosolar? ### What is Indosolar's share price today? Indosolar Ltd's share price is ₹193.74, −66.6% over the past year. The whole company is worth ₹804 Cr on the market. In the last 52 weeks it traded between ₹191 to ₹557; today it is 1% of the way up from the low, 35.7% below its 200-day average (as of 3 November 2026). ### What were Indosolar's latest quarterly results? Indosolar Ltd reported revenue of ₹156 Cr and net profit of ₹5.0 Cr for the Sep 2026 quarter. Revenue fell 23.2% and profit fell 89.2% compared with a year earlier. Earnings per share were ₹1.21. The operating margin was 9.5%, 25.4 percentage points lower than a year earlier (as of 3 November 2026). ### What is Indosolar's market cap? Indosolar Ltd's market capitalisation is ₹804 Cr at a share price of ₹193.74. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Indosolar performing? Indosolar Ltd's share price has been falling for 10 weeks. In its latest quarter, revenue fell 23.2% and profit fell 89.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 24 weeks running (as of 3 November 2026). ### Will Indosolar's share price go up? This page does not forecast Indosolar Ltd's share price. What it shows instead: the share price is ₹193.74, and it has been falling for 10 weeks. Its P/E of 6.4× is higher than 17% of its own last 1 years (as of 3 November 2026). ### Who owns Indosolar? Promoters own 74.9% of Indosolar Ltd, foreign institutions 0.6%, domestic institutions 0.1% and the public 24.4% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 21.2 percentage points over 8 quarters (as of 3 November 2026). ### Does Indosolar have too much debt? No, Indosolar Ltd has little debt: its debt is 0.01× its equity, and its operating profit is more than 100 times its interest bill. FY26 borrowings were ₹3.0 Cr against equity of ₹287 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Indosolar in its business cycle? Indosolar Ltd's FY26 operating margin was 40.0%, against a 9-year range of −4,068.0% to 40.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Indosolar story? The main question: yearly earnings per share moved +350.0% while the share price moved −66.6%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Indosolar a stock worth studying right now? What the numbers show: Indosolar Ltd's P/E is near the low end of its own history, higher than only 17% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

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