Insolation Energy Peer Comparison

NSE: INA | BSE: 543620

₹92.58

₹2.03 (2.24%)

As on 28-Aug-2026IST

Market cap

₹2,038 Cr

Revenue (TTM)

₹1,334 Cr

P/E Ratio

10.2

P/B Ratio

2.4

Div. Yield

0 %

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	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Market cap (₹ Cr)	2,038	22,429	13,803	6,258	5,384
Revenue (₹ Cr)	1,334	5,578	3,403	5,232	4,144
Net Profit (₹ Cr)	126.19	1,274.17	294.33	356.83	247.74
Net Margin (%)	9.40	22.62	8.63	6.73	5.92
RoE (%)	35.18	54.78	44.55	11.79	19.60
Price to Earnings	10.18	17.60	46.90	17.54	21.70
Price-To-Book	2.41	5.50	10.37	1.97	3.94

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Operating Revenue	1,333.76	2,335.61	1,540.68	3,423.45	2,158.39
Total Income	1,343.02	2,361.48	1,550.09	3,459.53	2,192.47
Total Expenditure	1,172.45	1,614.83	1,291.85	2,931.44	1,835.78
EBITDA	161.31	720.78	248.83	492.01	322.61
Depreciation	9.17	155.95	17.99	156.00	31.16
EBIT	152.14	564.83	230.84	336.01	291.45
Interest	7.57	107.88	27.13	154.72	45.10
Other Income	9.26	25.87	9.42	36.07	34.07
Exceptional Items	-0.21	--	--	--	--
Profit before Tax	153.62	482.82	213.12	217.36	280.42
Provision for Tax	27.43	113.81	56.79	77.53	66.49
Profit after Tax	126.19	369.01	156.34	139.83	213.93

Liabilities (₹ Cr)

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Shareholder's Funds	616.50	536.80	396.82	1,241.99	337.66
Minority Interest	0.40	--	--	--	--
Non-Current Liabilities	23.52	2,027.33	165.27	192.67	188.17
Current Liabilities	233.76	1,404.49	451.87	1,397.43	1,139.09
Total Liabilities	874.17	3,968.62	1,013.96	2,832.08	1,673.06

Assets (₹ Cr)

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Non-Current Assets	311.93	2,228.94	446.84	819.79	366.34
Current Assets	555.00	1,739.68	567.12	2,012.29	1,298.58
Total Assets	874.17	3,968.62	1,013.96	2,832.08	1,673.06
Total Debt*	108.09	1,949.69	346.22	230.67	458.10
Net Current Assets	321.23	335.19	115.25	614.86	159.49
Contingent Liabilities	--	19.28	1.27	257.77	626.81

Cashflow (₹ Cr)

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Cash From Operating Activities	113.10	613.75	18.14	281.16	42.60
Cash Flow from Investing Activities	-553.57	-985.67	-118.13	-155.71	-198.14
Cash from Financing Activities	394.43	408.13	104.00	-95.33	148.60
Net Cash Inflow / Outflow	-46.04	36.22	4.01	30.12	-6.94

Ratios

Profitability Ratios

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
ROCE (%)	34.98	28.84	40.63	27.29	55.18
ROE (%)	35.18	104.60	49.33	16.63	93.90
ROA (%)	21.96	11.98	19.26	5.16	18.13
EBIT Margin (%)	12.79	31.97	16.76	15.43	16.53
Net Margin (%)	9.40	15.63	10.09	4.04	9.76
Cash Profit Margin (%)	10.15	22.48	11.31	8.64	11.36

Growth Ratios

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Revenue Growth (%)	80.93	145.35	66.62	36.34	98.39
EBIT Growth (%)	100.42	507.29	154.73	28.32	125.48
Net Profit Growth (%)	127.48	1,176.91	245.09	75.41	112.93
EPS Growth (%)	115.09	1,176.91	244.62	43.43	92.96
Book Value Growth (%)	463.12	218.08	65.90	177.48	177.60

Valuation Ratios

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Price / Earnings	45.22	0.00	0.00	0.00	0.00
Price / Book Value	9.37	0.00	0.00	0.00	0.00
Dividend Yield (%)	0.04	--	--	--	--
EV/EBITDA	32.25	2.19	1.37	0.68	1.32
Market Cap (₹ Cr)	5,706.89	0.00	0.00	0.00	0.00

Solvency Ratios

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Debt to Equity	0.18	3.63	0.88	0.19	1.37
Short term debt to equity ratio	0.14	0.13	0.57	0.09	0.92
Current Ratio	2.37	1.24	1.26	1.44	1.14
Quick Ratio	2.04	0.70	0.41	1.13	0.57
Interest Coverage	21.30	5.48	8.85	2.40	7.22

Operating Efficiency Ratios

	Insolation Energy	Emmvee Photovoltaic Power	Fujiyama Power Systems	Vikram Solar	Saatvik Green Energy
Debtors to sales (%)	8.25	8.15	4.75	35.89	18.51
Asset Turnover	2.32	0.76	1.90	1.26	1.83
Receivable days	22.17	22.38	16.32	128.68	48.73
Inventory Days	20.63	83.18	72.82	43.82	73.64
Payable days	18.36	66.18	39.25	26.59	85.09
Cash Conversion Cycle	24.45	39.38	49.90	145.91	37.28