High ROE & ROCE Solar Energy Company Secures Rs 36 Crore Solar Module Order For FY25-26; Stock Jumps Over 3.5 Per Cent Today
The stock gave multibagger returns of 100 per cent in just 1 year and a whopping 2,000 per cent in 2 years.
In today's session, Insolation Energy opened strong at Rs 245.95, close to its current intraday high. The stock is trading at Rs 246.40, reflecting a gain of 3.53 per cent over the previous close of Rs 238.
Insolation Energy Limited through its fully owned subsidiary Insolation Green Energy Private Limited has obtained an order worth Rs 36.01 crores from Nexgen Energies Private Limited. Insolation Green Energy Private Limited received this order for Mono PERC Solar Modules which proves the company's dedication to providing advanced renewable energy solutions. The execution of the order will occur during the financial year 2025-26 thus reinforcing Insolation Energy's dominance in the solar energy market. The company achieved this major accomplishment by demonstrating its strategic objective to grow throughout the renewable energy sector.
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Since its founding in 2015 Insolation Energy Ltd has become a major force in the solar energy industry while manufacturing high-efficiency solar panels and modules. The company maintains its 200 MW SPV Module manufacturing facility in Jaipur, Rajasthan and holds the title of being the second-largest manufacturer in North India. The company markets its solar modules along with solar PCUs and solar batteries under the brand name INA Solar. During FY22 to FY24 the company achieved outstanding revenue growth of 243 per cent through product development and market expansion.
The company achieved major operating margin growth as its 6 per cent FY22 margin shifted to 11 per cent during FY24. Insolation Energy operates through a comprehensive distribution system that provides services to 10,000 clients through 500 projects and 400 channel partners. The company builds up its manufacturing capabilities and launches new solar panel products to reach substantial revenue growth together with increased margins in FY25.
Insolation Energy Limited has a market capitalisation of Rs 5,244 crore and has delivered a 1-year return of 41.98 per cent. The company is currently trading at a price-earnings (PE) ratio of 1827.23. Among its major public shareholders, Vanaja Sundar Iyer holds a 2.05 per cent stake, while Siddhartha Sharma owns 1.91 per cent of the company.
The stock gave multibagger returns of 100 per cent in just 1 year and a whopping 2,000 per cent in 2 years. Investors should keep an eye on this solar stock.
Disclaimer: The article is for informational purposes only and not investment advice.