Indosolar Ltd - Stock Valuation and Financial Performance

BSE: 533257 | NSE: INDOSOLAR | Electronics - Components | Small Cap

Indosolar Share Price

3.21 0.00 0.00%
as on 24-Jun'22 18:03

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Indosolar stock performance -

mw4me loader
P/E Ratio (SA):
0.01
Market Cap:
13.4 Cr.
52-wk low:
3.2
52-wk high:
3.2

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Indosolar Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Indosolar:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19TTM
ROCE % -10.9%-3.5%-16%-8.3%-7.7%-0.9%-6.6%2.2%-16.5%-180.1%-
Value Creation
Index
-1.8-1.3-2.1-1.6NANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1135829253.215.729625844231413.20
Sales YoY Gr.-417.2%-84.2%-42.1%-70.6%1,788.8%-12.9%71.7%-29%-95.8%-
Adj EPS -3.8-2.3-5.8-3.7-3.9-2.2-4-1.7-3.2-6.1259.9
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 6.212.26.32.6-1.5-3-6.9-8.6-12.3-26.4-317.7
Adj Net
Profit
-79.4-75.9-194-124-132-79.8-141-59.6-120-2251,081
Cash Flow from Ops. -48.9-35.7-3.5-25.9-22.77916.254.629.232.5-
Debt/CF from Ops. -11.1-14.7-215.9-35.2-44.212.459.117.128.125.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -21.2%-3.3%-62.8%-95.8%
Adj EPS NANANANA
BVPS-217.5%NANANA
Share Price 7.6% 9.2% 16.1% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19TTM
Return on
Equity %
-49.3-27.1-62.4-81.1-487.4115.384.322.231.731.3-151.1
Op. Profit
Mgn %
-354.6-110.2-52.6-137.216.13.816.9-6.8-186.2NAN
Net Profit
Mgn %
-70.6-13-210.9-232.6-843.1-27-54.8-13.5-38.1-1702.9INF
Debt to
Equity
4.21.33.69.5-24.3-10.1-4-3.1-1.8-0.8-
Working Cap
Days
2031338017252,500958262849650
Cash Conv.
Cycle
2343339248899210-1-4-1150

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Indosolar Ltd.

Standalone Consolidated
TTM EPS (₹) 259.9 -
TTM Sales (₹ Cr.) 0 -
BVPS (₹.) -317.7 -
Reserves (₹ Cr.) -1,363 -
P/BV -0.01 -
PE 0.01 -
From the Market
52 Week Low / High (₹) 3.21 / 3.21
All Time Low / High (₹) 0.33 / 30.90
Market Cap (₹ Cr.) 13.4
Equity (₹ Cr.) 41.6
Face Value (₹) 10
Industry PE 89.1

Management X-Ray of Indosolar:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *64.6664.6664.660.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indosolar

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Sales112.52581.9591.9753.2315.67295.97257.68442.31314.1213.22
Operating Expenses 151.86560.64206.0882.2944.11248.25248.10367.80335.5137.99
Manufacturing Costs8.7036.8726.6917.201.7629.2328.5035.1027.333.34
Material Costs123.73484.42135.0447.5012.41198.55191.53296.68278.9017.50
Employee Cost 3.4512.1910.478.933.1310.3910.3815.6014.584.56
Other Costs 15.9827.1633.898.6526.8110.0817.6920.4314.7012.58
Operating Profit -39.3521.32-114.11-29.05-28.4447.739.5974.51-21.39-24.76
Operating Profit Margin (%) -35.0%3.7%-124.0%-54.6%-181.0%16.1%3.7%16.8%-6.8%-187.0%
Other Income 18.969.085.212.572.433.922.162.974.313.01
Interest 27.1967.6759.2559.2480.75102.83126.45106.1553.5250.93
Depreciation 18.7451.8334.2239.1030.1926.9826.5729.1328.1124.14
Exceptional Items 031.6800.940000-64.11-428.19
Profit Before Tax -66.31-57.43-202.36-123.89-136.95-78.17-141.27-57.79-162.81-525.01
Tax 0.080.01000000.140.020
Profit After Tax -66.38-57.44-202.36-123.89-136.95-78.17-141.27-57.93-162.84-525.01
PAT Margin (%) -59.0%-9.9%-220.0%-232.0%-874.0%-26.4%-54.8%-13.1%-51.8%-3,970.3%
Adjusted EPS (₹)-3.2-1.7-6.0-3.7-4.1-2.2-3.9-1.6-4.4-14.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19

Equity and Liabilities

Shareholders Fund 131.79412.33209.9795.58-41.37-97.02-238.29-299.02-456.53-981.48
Share Capital 208.40335.14335.14344.64344.64367.63367.63367.63372.07372.07
Reserves -76.6177.19-125.17-249.06-386.02-464.65-605.92-666.65-828.60-1,353.55
Minority Interest0000000000
Debt543.73432.45762.72888.99801.67685.15562.1262.58339.8941.41
Long Term Debt543.73275.89733.15844.83729.28597.76493.204.75304.435.84
Short Term Debt0156.5529.5744.1672.3987.3968.9257.8435.4635.57
Trade Payables101.423525.0143.2914.1011.3143.2527.4062.3785.71
Others Liabilities 28.06122.1188.88114.48386.17525.33735.101,325.42797.991,113.22
Total Liabilities 805.011,001.891,086.571,142.341,160.571,124.781,102.181,116.38743.72258.85

Fixed Assets

Gross Block673.29666.59666.79666.81666.81672.56674481.37483.77483.17
Accumulated Depreciation19.9071.70105.91145175.19202.63228.5229.1257.2381.10
Net Fixed Assets653.39594.89560.88521.80491.62469.93445.48452.25426.54402.07
CWIP 10.0615.21420.56500.49569.11574.23596.54563.15257.4882.99
Investments 0660.100000000
Inventories77.3499.8732.1140.4536.7222.2426.3436.6426.665.37
Trade Receivables23.1163.0810.8217.833.311.573.4911.212.910.15
Cash Equivalents 24.1111.9310.472.952.2124.510.849.626.454.72
Others Assets17.01150.9151.6458.8357.5932.3129.4943.5223.68-236.44
Total Assets 805.011,001.891,086.571,142.341,160.571,124.781,102.181,116.38743.72258.85

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Cash Flow From Operating Activity -48.91-35.73-3.53-25.92-22.7179.0316.1854.6229.2332.45
PBT -66.31-57.44-202.36-123.89-136.95-78.17-141.27-57.79-162.81-525.01
Adjustment 38.74110.2091.4194.99128.32125.19151.89138.12142.47509.20
Changes in Working Capital -21.06-88.24107.82.42-14.1931.835.67-25.8849.6348.26
Tax Paid -0.29-0.26-0.380.560.110.18-0.110.17-0.060
Cash Flow From Investing Activity -229.28-223.72-169.79-76.71-3.68-61.20-1.77-28.24-8-22.83
Capex -230.35-131.40-251.95-78.74-6.51-78.51-16.74-22.46-12.05-23.15
Net Investments 0-100.6065.900.100014.03-6.242.42-0.03
Others 1.068.2716.251.932.8317.300.940.461.620.34
Cash Flow From Financing Activity 271.63242.60179.6396.5528.14-9.55-23.89-20.52-24.94-11.87
Net Proceeds from Shares 37.9635709.50014.450000
Net Proceeds from Borrowing 0000000-2.57-4.57-1.98
Interest Paid -43.18-65.29-57.57-58.17-21.30-5.30-1.64-1.66-3.20-10
Dividend Paid 0000000000
Others 276.85-49.11237.20145.2249.44-18.71-22.26-16.29-17.170.11
Net Cash Flow -6.57-16.866.31-6.081.748.27-9.495.86-3.72-2.25
PARTICULARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Ratios
ROE (%)-115.2-21.32-65.32-83.69N/AN/AN/AN/AN/AN/A
ROCE (%)-7.061.26-15.01-6.53N/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.180.640.090.050.010.260.230.40.340.03
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days752714698246346842
Inventory Days1305626024989936342637442
Payable Days2275181262844235243591,544

Indosolar Ltd Stock News

Indosolar Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indosolar on 24-Jun-2022 18:03 is ₹3.21.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Jun-2022 18:03 the market cap of Indosolar stood at ₹13.35.
The latest P/E ratio of Indosolar as of 24-Jun-2022 18:03 is 0.01.
The latest P/B ratio of Indosolar as of 24-Jun-2022 18:03 is -0.01.
The 52-week high of Indosolar is ₹3.21 and the 52-week low is ₹3.21.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indosolar is ₹0.00 ( Cr.) .

About Indosolar Ltd

Indo solar was incorporated on April 8, 2005 as “Robin Garments Private Limited”. The name of the company changed to Indo solar with a fresh certificate of incorporation on July 21, 2008 thus changing its status to a public limited company.

The company is one of the few companies selected for grant of financial incentives under the “Special Incentive Package Scheme” of 2007 notified by the Government of India and has been granted an in principle approval on June 1, 2009 by Ministry of Communication and Information Technology, Government of India. The manufacturing facility at Greater Noida has been granted the status as an’ Export Oriented Unit’ (“EOU”) under the Foreign Trade Policy 2009-2014 of the Government of India pursuant to which the company enjoys certain benefits, including free importability and entitlement to avail of certain direct and indirect tax exemptions.

The company manufactures poly-crystalline solar photo-voltaic (“SPV”) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the “photo-voltaic effect”. They market and sell products to primarily module manufacturers on a business-to-business (“B2B”) platform, who in turn supply to the system integrators who install the systems for grid and off-grid (roof top) applications for use in the domestic market as well as markets in Europe, Spain, Japan, Asia, Canada and USA.

The company commenced work for setting up of SPV cell manufacturing facility in Greater Noida in January 2008. It has established one SPV cell manufacturing line having an annual manufacturing capacity of 80 MW and commenced commercial production in July 2009. The second SPV cell manufacturing line having an annual manufacturing capacity of 80 MW is expected to commence commercial production of SPV cells in March 2010. In order to prepare for an increase in demand for SPV products in the future and to enhance scale to a competitive level, It plans to increase the annual manufacturing capacity to approximately 260 MW by 2011, with an additional manufacturing line of annual manufacturing capacity of 100 MW.

Indo solar uses a fully automated horizontal in-line, state-of-the-art technology for manufacture of SPV cells which offer high average efficiency levels of up to 16%. They have entered into arrangements with Schmid, one of the operators in SPV cell manufacturing technology and a vertically integrated player in the SPV cell industry, for delivery, installation and commissioning of the plant and machinery at their facility, on turnkey basis. As part of the manufacturing capacity expansion plans, it proposes to install a SPV manufacturing line with ‘selective emitter’ technology to be commissioned by their turnkey provider, Schmid. ‘Selective emitter’ technology will give capability to produce improved SPV cells of higher average efficiency up to 17.20%. Their  research and development team comprising three solarphoto-voltaic and semi conductor researchers and scientists focuses on continually enhancing their SPV cell Conversion Efficiencies and improving their manufacturing operations.

The company is associated with the Semiconductor Equipment and Materials International,USA, Indian Semiconductor Association and Solar Energy Society of India (“SESI”). One of its Promoters, Mr. Hulas Rahul Gupta, is convener of the industry wing of SESI.

Group Companies:-

  • Delton Cables
  • Vishranti Trading Enterprises
  • Saneh Industrial Investments
  • Senor Microwaves Private
  • Element Arts Private 
  • Viga Trade Solutions Private
  • B & M Trading and Investment Co. Limited Greenlite Global Inc.
  • Greenlite Lighting Corporation

Milestones :-

November 21, 2005 - Execution of lease deed with the GNIDA for grant of 27158.78 square meter of land

January 15, 2008 - Execution of joint business development agreement with the Transferor Company

January 13, 2008 - Execution of supply agreement with Schmid for planning, supply, installation and commission of first line of the solar cell project.

February 14, 2008 - Change of the object of the Company from the business of readymade garments to solar energy cells.

August 31, 2008 - Execution of lease agreement by the Transferor Company to lease the equipments to the Company.

October 15, 2008 - Grant of EOU status .

September 7,2009 - Grant of occupancy certificate of Industrial building erected on Plot No 3C/1, Ecotech –II Sector, Udhyog Vihar from GNIDA.

January 16, 2009 - Execution of facility agreement for grant of loan by a consortium of banks led by Union Bank of India

July 17, 2009 - Commencement of commercial production of SPV cells with one manufacturing line having an annual manufacturing capacity of 80 MW.

September 16,2009 - Approval of the Scheme by the High Court of Delhi at New Delhi.

September 24, 2009 - Filing of the Scheme with the ROC by the Transferor Company and Company.

September 25, 2009 - Grant of Equity Shares in the proportion of 1:1 to the shareholders of Transferor Company, pursuant to the terms of the Scheme.

2009-  Time overrun with respect to installation of its first SPV cell manufacturing line cost over run in relation to the two manufacturing lines for its SPV cell.

2010  -Indosolar inks one of the largest deals in solar energy with GCL-Poly.

2011 -The Company has entered into a Memorandum of Understanding with GCL Solar System Limited, China to explore the possibility of development of solar farms in India.

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