Insolation Energy Ltd - Business Update

Insolation Energy Ltd, a leading Player in Solar Panel Module Manufacturing had recorded a volume growth of >150% YoY. As module prices have dropped along with solar cell prices, company has maintained and improved gross spreads which has resulted in profit margin expansion. We expect to sustain and improve the current margins, which is testimony to our business model and way of doing business. No single customer constitutes more than 5% of our revenue. This focus on building a brand as well as a fragmented sales channel has resulted in the lowest Net Working Capital days in the company's history and the highest Return on Capital Employed.

Given the industry tailwind and our established channel, we will add another 3GW of solar module capacity (4GW total) and 12000MT of Aluminium frame manufacturing capacity before the end of FY25. The company will also establish 1.5GW of cell manufacturing by the end of the next financial year - the necessary technology tie ups for which, have been done.

In our next phase of expansion, we envision going to 6.5GW of operative solar module and 3GW of solar cell manufacturing capacity in the next 3 years. We aspire to cross $1B in revenue with 10%+ PAT margins in the next 3 years

Shares of Insolation Energy Limited was last trading in BSE at Rs. 3685.25 as compared to the previous close of Rs. 3833.65. The total number of shares traded during the day was 24300 in over 216 trades.

The stock hit an intraday high of Rs. 3849.95 and intraday low of 3578.00. The net turnover during the day was Rs. 89880745.00.

Source : Equity Bulls

Keywords

InsolationEnergy INE0LGX01016 ElectricUtilities