Indosolar Key Ratios
NSE: INDOSOLAR | BSE: 533257
₹205.10
As on 09-Nov-2026IST
Market cap
₹856 Cr
Revenue (TTM)
₹507 Cr
P/E Ratio
6.8
P/B Ratio
2.6
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 127.59 | -23.19 | -26.82 | -- | -- |
| EBIT | -86.75 | -91.57 | -5.84 | 193.81 | 96.38 |
| Net Profit | -86.30 | -89.17 | -41.38 | 139.78 | 101.26 |
| EPS | -86.30 | -89.17 | -41.38 | 119.15 | 208.49 |
| Book Value | -- | -- | 610.15 | 543.74 | 35.53 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 27.67 | 27.67 | 31.84 | 34.42 | 20.91 |
| Net Margin
| 26.53 | 26.53 | 24.16 | 36.19 | 16.87 |
| Return on equity
| 190.42 | 114.25 | 40.64 | 150.63 | 420.64 |
| Return on Capital
| 65.00 | 39.00 | -- | 125.81 | 79.70 |
| Return on Assets
| 33.26 | 244.58 | 30.57 | 86.10 | 28.03 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 1.16 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
125.81
|
79.70
|
-10.52
|
--
|
|
Peer Median
|
20.99
|
--
|
--
|
--
|
--
|
ROE
40.64
Higher than Peers by 23.46
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
40.64
|
150.63
|
420.64
|
--
|
--
|
|
Peer Median
|
17.19
|
--
|
--
|
--
|
--
|
ROA
30.57
Higher than Peers by 24.02
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
30.57
|
86.10
|
28.03
|
-14.34
|
1,192.30
|
|
Peer Median
|
6.55
|
--
|
--
|
--
|
--
|
EBIT Margin
31.84
Higher than Peers by 27.23
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
31.84
|
34.42
|
20.91
|
--
|
--
|
|
Peer Median
|
4.61
|
--
|
--
|
--
|
--
|
Net Margin
24.16
Higher than Peers by 20.31
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
24.16
|
36.19
|
16.87
|
-1,816.69
|
95,602.65
|
|
Peer Median
|
3.85
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
41.67
|
25.35
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-26.82
Lower than Peers by 78.86
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
-26.82
|
109.89
|
--
|
--
|
--
|
|
Peer Median
|
52.04
|
--
|
--
|
--
|
--
|
EBIT Growth
-5.84
Lower than Peers by 44.79
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
-5.84
|
245.62
|
894.30
|
-36.53
|
58.46
|
|
Peer Median
|
38.95
|
--
|
--
|
--
|
--
|
Net Profit Growth
-41.38
Lower than Peers by 92.48
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
-41.38
|
350.15
|
454.72
|
-101.43
|
983.90
|
|
Peer Median
|
51.11
|
--
|
--
|
--
|
--
|
EPS Growth
-41.38
Higher than Peers by 8.62
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
-41.38
|
350.15
|
454.72
|
-101.43
|
8,004.90
|
|
Peer Median
|
-50.00
|
--
|
--
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
610.15
|
381.29
|
-1,435.29
|
100.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
--
|
1.16
|
-6.89
|
56.05
|
|
Peer Median
|
0.34
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
--
|
--
|
--
|
20.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.11
Higher than Peers by 1.72
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
3.11
|
6.70
|
0.81
|
0.29
|
0.12
|
|
Peer Median
|
1.40
|
--
|
--
|
--
|
--
|
Quick Ratio
1.40
Higher than Peers by 0.54
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
1.40
|
6.11
|
0.30
|
0.29
|
0.12
|
|
Peer Median
|
0.85
|
--
|
--
|
--
|
--
|
Interest Coverage
435.78
Higher than Peers by 428.72
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
435.78
|
185.56
|
4.98
|
-0.99
|
981.33
|
|
Peer Median
|
7.05
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
3.21
Lower than Peers by 12.89
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
3.21
|
30.83
|
1.44
|
--
|
--
|
|
Peer Median
|
16.10
|
--
|
--
|
--
|
--
|
Asset Turnover
1.24
Lower than Peers by 1.66
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
1.24
|
2.37
|
1.66
|
--
|
--
|
|
Peer Median
|
2.90
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
57.52
|
5.25
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
25.64
|
42.03
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
52.22
|
78.94
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
30.94
|
-31.66
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
6.84
Lower than Peers by 38.66
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
6.84
|
6.18
|
--
|
--
|
--
|
|
Peer Median
|
45.50
|
--
|
--
|
--
|
--
|
Price / Book Value
2.60
Lower than Peers by 1.70
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
2.60
|
5.31
|
--
|
--
|
--
|
|
Peer Median
|
4.31
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2.45
|
--
|
--
|
--
|
--
|
EV/EBITDA
3.67
Lower than Peers by 34.06
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
3.67
|
5.57
|
0.75
|
-43.81
|
-113.33
|
|
Peer Median
|
37.74
|
--
|
--
|
--
|
--
|
Market Cap
856
Lower than Peers by 10,607
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indosolar
|
856
|
1,523
|
--
|
--
|
--
|
|
Peer Median
|
11,463
|
--
|
--
|
--
|
--
|