Insolation Energy share price today

Insolation Energy Ltd's share price was ₹73.02 at the close on 4 November 2026. It has been falling for 88 weeks. That is 36.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹64 and ₹172, and at that close it sat 8% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Insolation Energy Ltd is in stage 4. The phase helps read everything below.

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 4.1 years the share price moved +653% while the NIFTY 500 moved +45%, 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.

Three changes stood out: number of shareholders up 209% in a year, indian funds and insurers (DIIs) raised their stake for 6 quarters in a row and profit fell in the June 2026 quarter.

1. Number of shareholders up 209% in a year

   31,774 shareholders in the September 2026 quarter, against 10,275 a year earlier.

2. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row

   From 0% to 1.7% of the company by the September 2026 quarter.

3. Profit fell in the June 2026 quarter

   Profit was ₹38 crore, -11.6% on a year earlier (₹43 crore), after 2 quarters of growth.

For April to June 2026 (the quarter ended 30 June 2026), Insolation Energy reported revenue of ₹741 crore, up 104.7% from ₹362 crore a year earlier, and a profit of ₹38.0 crore, down 11.6% from ₹43.0 crore.

Insolation Energy results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 27 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Insolation Energy closed at ₹73.02 on 4 November 2026, down 57.6% from ₹172.05 a year earlier (7 November 2025) and up 23.3% over three years. Its highest weekly close since October 2022 was ₹460.85 on 8 November 2024.

Insolation Energy share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

218 weekly closes from 14 October 2022 to 4 November 2026.

4 Nov 2026: Insolation Energy closed at ₹73.02, up 5.9% on the week and down 15.8% on the month. Results for April to June 2026: Revenue up 104.7% and profit down 11.6% on a year earlier.

Earlier

• 27 May 2026: Insolation Energy held its results call for January to March 2026. Management guided: FY27 revenue aiming for at least 60%+ growth minimum, similar to or higher than FY26.

Insolation Energy has paid no dividend on the NSE since its first NSE close in our records (14 October 2022), the start of the period we checked.

Not in its latest year. Insolation Energy Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 7 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 27 May 2026, Insolation Energy's management guided: FY27 revenue aiming for at least 60%+ growth minimum, similar to or higher than FY26.

“Once our cell facility is operational in Q4 FY27, EBITDA margins will likely increase from 14% toward the 17-18% range, heading to 20% or more by FY28”Management, on the call for January to March 2026

What management guided

• FY27 operating margin 14-15% baseline for full-year.
• Cell facility commissioning January to March 2027 start; 3-4 month phased ramp to full 4.5 GW capacity by April to June 2027.
• Cell integration margin benefit: H2 FY27 operating profit 15-16% range, FY28 goal 20%+ at full utilization.
• FY28 revenue goal greater than ₹5,000 crore consolidated.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 27 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When Insolation Energy reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Cell facility January to March 2027 commissioning status update: management committed to scheduled on-time start; next quarterly call should confirm equipment commissioning progress and initial efficiency ramp trajectory versus 80%+ goal.

Insolation Energy is on 3 of our India lists: Undervalued stocks, Penny stocks and Power & green energy stocks.

Insolation Energy Ltd earned ₹38.0 Cr of net profit in the Jun 2026 quarter, −11.6% on the same quarter a year earlier. Full-year FY26 profit was ₹201 Cr. Over 6 years profit has grown 100.5% a year on average. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹43.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹201 Cr (+59.5% on the year before).

Why profit moved: revenue changed +104.7% on a year earlier and the margin moved −6.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +74.5% and revenue +93.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

Insolation Energy Ltd reported ₹741 Cr of revenue in the Jun 2026 quarter, +104.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 6 years it has grown 70.2% a year on average. The last full year, FY26, came in at ₹2,146 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,525 Cr.

FY26 revenue was ₹2,146 Cr, +60.9% on the year before.

Recent pace: the last four quarters grew +93.9% on average, against 70.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Insolation Energy Ltd's operating margin was 10.0% in the Jun 2026 quarter, 6.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 6.0% and 14.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −5.9 percentage points on the year while gross margin changed −5.6 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.

Over the last 3 years Insolation Energy Ltd's operations used more cash than they brought in, so cash conversion was −4%, a gap worth watching. In FY26 its operations used ₹73.0 Cr of cash, against ₹201 Cr of profit. After ₹493 Cr of spending on assets, free cash was −₹566 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −4% of profit came in as cash: the cash cycle got 33 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 33 days longer. The next section looks at where the cash is stuck.

Insolation Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 66 days in FY26, up from 33 days in FY21. It spent ₹614 Cr on assets over the last 3 years. Customers take 48 days to pay, and stock sits for 81 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,146 Cr, each day of that cycle ties up about ₹5.9 Cr, so roughly ₹388 Cr is tied up in the business at any time.

FY26: customers took 48 days to pay and stock sat for 81 days, about 2.7 months of sales sitting as stock, for a full cycle of 66 days, longer than FY21's 33.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 81 days. Customers pay about 48 days after that. Suppliers are paid at 63 days. Together that makes the 66-day cycle.

Spending on assets: ₹614 Cr over the last 3 years, against ₹54.0 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 ₹73.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Insolation Energy Ltd's P/E is 8.3×, about the lowest it has ever been. Its usual P/E (the middle reading) is 41.8×, over 4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

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 +59.6% while the price moved −57.6%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +7.2% a year; about +158.8% a year came from earnings growth and about −151.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Insolation Energy 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 4 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Insolation Energy Ltd earned a ROCE of 22% in FY26. That is up from a low of 20% in FY23. Its return on capital used (ROIC) is 2.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 9.4% net margin and 1.00× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 9.4% net margin × 1.00× asset turnover × 2.67× leverage (assets divided by equity) ≈ 25.1% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 14.7% − 12.0% = +2.7 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. Positive but thin: it creates value with little room for error.

The 14.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 17.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Insolation Energy Ltd has total debt of ₹888 Cr against shareholder equity of ₹808 Cr as of Jun 2026, so its debt is 1.10× its equity. Year by year, that ratio went from 1.28 in FY23 to 1.10 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Insolation Energy Ltd by 3.9 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 66.1% of the company. Domestic institutions moved +1.7 points over the same period, to 1.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −3.9 points over 8 quarters, to 66.1%; Domestic institutions: +1.7 points over 8 quarters, to 1.7%; Foreign institutions: +0.9 points over 8 quarters, to 0.9%.

Why the owners changed: promoters drove it (−3.9 points), with the other side taken by domestic institutions (+1.7 points). They reduced their stake.

For Insolation Energy 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.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

59.8 out of 100, rank 6 of 19 in Capital Goods - Electric General, with 81% of the evidence available.

Insolation Energy Ltd scores 59.8 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 6. 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: 16.3 + 16.5 + 19.5 + 7.5 = 59.8. 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.

Insolation Energy ranks 6 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 59.8 out of 100.

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: Capital Goods - Electric General, all 19 compared on one page.

Insolation Energy is the 9th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Honda India Power Products, Exicom Tele-Systems and Alpex Solar. Just below it: HPL Electric & Power, Servotech Renewable Power System and IKIO Technologies.

Capital Goods - Electric General companies close in size

6. Honda India Power Products Ltd ₹1,777 crore
7. Exicom Tele-Systems Ltd ₹1,740 crore
8. Alpex Solar Ltd ₹1,687 crore
9. Insolation Energy Ltd ₹1,518 crore
10. HPL Electric & Power Ltd ₹1,452 crore
11. Servotech Renewable Power System Ltd ₹1,402 crore
12. IKIO Technologies Ltd ₹1,244 crore

All 19 Capital Goods - Electric General companies, largest first

Companies close in size in other industries

1366. GOCL Corporation Ltd ₹1,529 crore · Lubricants
1367. 5paisa Capital Ltd ₹1,520 crore · Finance - Capital Markets - Brokers
1368. Insolation Energy Ltd ₹1,518 crore
1369. Frontier Springs Ltd ₹1,513 crore · Railways - Kavach/Springs
1370. Jai Corp Ltd ₹1,512 crore · Miscellaneous

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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