This solar stock soars 400 per cent YTD; Wins SPV module supply contract
Insolation Energy has been a remarkable performer, delivering over 400 per cent returns to date.
Based in Jaipur, Rajasthan, Insolation Energy Ltd. is a top North Indian manufacturer of solar products, including high-efficiency solar panels, batteries, and inverters. The company, operating under the INA Solar brand, ranks as the second-largest producer of solar technology in North India, helping drive India’s transition to renewable energy.
Product Line
- Solar Modules: Twin power, Dual Glass, BIPV, and other modules ranging from 40Wp to 590Wp.
- Solar PCUs: Power Conditioning Units from 440VA to 10,000VA.
- Solar Batteries: Lead-acid batteries with capacities of 40 to 230 Ah.
- Solar EPC Services: Full-scale solar EPC services for commercial, residential, and agricultural sectors, including O&M for project longevity.
Recent Milestone: Order from ACME Cleantech Solutions
A recent highlight for Insolation Energy is a Rs 71.4 Crore order from ACME Cleantech Solutions Private Limited for Solar PV Modules. Scheduled for execution within FY 2024-25, this contract is a testament to Insolation’s strong domestic reputation and its capacity to meet large-scale renewable energy needs(331902b1-af9d-4b6e-9ad7…).
Financial Growth and Profitability
Insolation Energy has achieved substantial growth, with a 243 per cent revenue increase between FY22 and FY24. Improved operational efficiency has also boosted margins from 6 per cent to 11 per cent, reflecting the company’s ability to balance rapid expansion with profitability. This growth is driven by rising domestic demand and Insolation’s effective cost management and market expansion strategies.
Capital Raise for Future Expansion
In June 2024, Insolation Energy approved a Rs 400 Crore capital raise through Qualified Institutional Placement (QIP). These funds will support advanced manufacturing, R&D, and market reach, positioning Insolation to leverage India’s growing solar energy market.
Investor Returns and Market Impact
For investors, Insolation Energy has been a remarkable performer, delivering over 400 per cent returns to date. The company’s solid financials, innovative products, and expanding market footprint make it an attractive investment opportunity in India’s renewable sector.
Disclaimer: The article is for informational purposes only and not investment advice.