Record Date Announced For 10:1 Stock Split: Ashish Kacholia-Backed Solar Energy Stock; FIIs Bought 1,76,500 Shares & DIIs Bought 32,900 Shares
The stock gave multibagger returns of 250 per cent in just 1 year and a whopping 2,200 per cent in 2 years.
stock split Update: Insolation Energy Ltd announced a stock split of its equity shares. Each existing share with a face value of Rs 10 will be divided into 10 new shares with a face value of Re 1 each. The company aims to increase liquidity and broaden its shareholder base by making the shares more affordable to retail investors. The stock split record date is fixed as Friday, January 24, 2025.
Additionally, an ace investor, Ashish Kacholia’s company - Bengal Finance & Investment Pvt Ltd bought 1,21,600 shares via preferential issue for Rs 3,287 per share aggregating to approx. Rs 40 crore.
Furthermore, FIIs bought 1,76,500 shares and increased their stake to 1.36 per cent in December 2024 compared to September 2024 while DIIs took a fresh entry and bought 32,900 shares or 0.15 per cent stake.
Earlier, Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Limited, received a Letter of Allotment for 1,82,108.5 square meters of land in the Manufacturing Zone for Power and Renewable Energy Equipment at Mohasa, Babai, District Narmadapuram, Madhya Pradesh. This early land allocation marks a significant step towards achieving the company's ambitious goal of UD 1 billion in revenue. This new unit will become the largest manufacturing facility within the Insolation Group, doubling existing solar module manufacturing capacity and incorporating solar cell manufacturing and aluminium framing for enhanced backward integration. With this expansion, the Insolation Group's total cumulative capacity will reach 8 GW for solar module manufacturing, 3 GW for solar cell manufacturing, and 36,000 MT for aluminium frame manufacturing.
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Insolation Energy Ltd, founded in 2015, is a leading manufacturer of high-efficiency solar panels and modules. Based in Jaipur, India, the company operates a 200 MW manufacturing facility and has recently announced plans to expand its capacity to 500 MW through a subsidiary. In addition to manufacturing, Insolation Energy also provides solar power conditioning units, lead-acid batteries, and EPC services. Its major domestic customers include Livguard Energy Technologies Pvt Ltd, Livfast Batteries Pvt Ltd, Shakti Pumps India Ltd, Microtek International Pvt Ltd, Sunroof Tech Pvt Ltd, etc.
The company reported a Revenue of Rs 612.69 crore, a substantial increase of 118 per cent YOY basis. The company’s EBITDA saw a remarkable growth of 172 per cent, rising to Rs 81 crore from Rs 29.75 crore YOY basis. Net profit after tax experienced an extraordinary increase of 307.53 per cent, soaring to Rs 61.27 crore from Rs 15.03 crore YOY basis. The stock gave multibagger returns of 250 per cent in just 1 year and a whopping 2,200 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.