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Home › Company Intelligence › Indosolar Limited (WAAREEINDO)
NSE: WAAREEINDO MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

Indosolar Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026
FY25 Revenue ₹131 Cr
FY25 Net Profit ₹14.74 Cr
Reported EPS ₹3.54
Operating Margin 10.13%
Return on Equity 1,000.0%
ROCE 1,000.0%
Debt / Equity 55.84x
Net Profit Margin 11.28%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹157.17 Cr with net profit of ₹5.02 Cr (EPS: ₹1.20).

Exchange Disclosure (2026-10-26): Copy of Newspaper Publication —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Indosolar Limited under Diversified.

Official listing profile for Indosolar Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Fragile (39/100)
39 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 10 / 20
Profitability & Margins 14 / 20
Solvency & Capital Structure 0 / 20
Cash Flow Quality 2 / 20
Capital Allocation & Valuation 13 / 20
Key Strengths
  • + Earnings turnaround from prior-year loss to profitability
  • + Superior Return on Equity (1,000.0%)
  • + Superior capital efficiency (ROCE 1,000.0%)
Key Vigilance Points & Risks
  • − High financial leverage: Debt/Equity exceeds 1.5x (55.84x)
  • − Tight interest coverage safety buffer (-1.0x)
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹0k₹0k₹0k₹0k₹0kRevenue: ₹0 CrNet Profit: ₹1,081 CrFY23Revenue: ₹0 CrNet Profit: ₹-15 CrFY24Revenue: ₹131 CrNet Profit: ₹15 CrFY25RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR
Annual Metric (₹ Cr)FY23
Mar 2023
FY24
Mar 2024
FY25
Dec 2024
Sales / Revenue from Operations₹0₹0₹131
Operating Expenditure₹-1,086₹3.94N/A
Operating Profit (EBITDA)₹1,086₹-3.94₹13
Operating Profit Margin (OPM %)N/AN/A10.13%
Other Income₹1.13₹0.85N/A
Finance Costs / Interest₹1.10₹7.77N/A
Depreciation & Amortization₹4.25₹4.58N/A
Profit Before Tax (PBT)₹1,081₹-15₹15
Tax Expense₹0.24₹0N/A
Net Profit (PAT)₹1,081₹-15₹15
Net Profit Margin (NPM %)N/AN/A11.28%
Basic / Diluted EPS (₹)₹178.36₹-3.71₹3.54
Cash from Operations (CFO)₹-58₹18N/A
Free Cash Flow (FCF)₹-62₹-42N/A
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q1 FY25
Jun 2024
Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹0.10₹28₹103₹203₹200₹84₹77₹157
Operating Profit (EBITDA)₹-4.98₹8.88₹9.34₹61₹62₹56₹47₹6.71
OPM %-4,980.00%32.23%9.07%30.18%30.89%66.85%61.85%4.27%
Profit Before Tax (PBT)₹-4.98₹9.48₹10₹61₹62₹56₹47₹6.71
Net Profit (PAT)₹-4.98₹9.48₹10₹46₹41₹42₹37₹5.02
NPM %-4,980.00%34.41%9.94%22.88%20.77%49.86%47.71%3.19%
Basic / Diluted EPS (₹)₹-1.20₹2.28₹2.46₹11.14₹9.97₹10.09₹8.80₹1.20
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY23FY24FY25
Equity Share Capital₹42₹42N/A
Reserves & Surplus₹-41₹-56N/A
Net Worth (Shareholders' Funds)₹1.08₹-14N/A
Total Borrowings & Debt₹60₹99N/A
Total Balance Sheet Assets₹65₹150N/A
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY23FY24FY25
Cash Flow from Operating Activities (CFO)₹-58₹18N/A
Cash Flow from Investing Activities (CFI)₹-2.73₹-56N/A
Cash Flow from Financing Activities (CFF)₹62₹38N/A
Free Cash Flow / Net Cash Flow₹-62₹-42N/A
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY23FY24FY25
Operating Profit Margin (OPM)N/AN/A10.13%
Net Profit Margin (NPM)N/AN/A11.28%
Return on Equity (ROE)100,108.33%N/AN/A
Return on Capital Employed (ROCE)1,763.33%N/AN/A
Return on Assets (ROA)1,654.94%-10.28%N/A
Debt to Equity Ratio55.84xN/AN/A
Interest Coverage Ratio986.9x-0.5xN/A
CFO to Net Profit Conversion-0.05xN/AN/A
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 74.93%
FII: N/A
DII: N/A
Public: 25.07%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025QoQ Shift
Promoter Holding74.93%74.93%74.93%74.93%74.93%95.00%0.00%
Foreign Institutional (FII)N/A0.55%N/AN/AN/AN/A—
Domestic Institutional (DII / MFs)N/A0.06%N/AN/AN/AN/A—
Public & Retail25.07%24.47%25.07%25.07%25.07%5.00%+0.60%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE Appointed: May 2022
Mr Hitesh Chimanlal Doshi
Chairperson related to Promoter & Executive Director

DIN: 00293668 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: May 2022
Mr Viren Chimanlal Doshi
Not Applicable & Non-Executive - Non Independent Director

DIN: 00207121 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jun 2022
Mr Hitesh Pranjivan Mehta
Not Applicable & Non-Executive - Non Independent Director

DIN: 00207506 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Aug 2022
Mr Jayesh Dhirajlal Shah
Not Applicable & Non-Executive - Independent Director

DIN: 00182196 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Aug 2022
Mrs Anita Jaiswal
Not Applicable & Non-Executive - Independent Director

DIN: 08485642 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Sep 2024
Mr Nilesh Bhogilal Gandhi
Not Applicable & Non-Executive - Independent Director

DIN: 03570656 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹44.35
Dividends Recorded 9 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
CORPORATE_ACTION2020-09-18N/AN/AAnnual General Meeting
CORPORATE_ACTION2018-09-19N/AN/AAnnual General Meeting
CORPORATE_ACTION2017-09-20N/AN/AAnnual General Meeting
CORPORATE_ACTION2016-09-22N/AN/AAnnual General Meeting
CORPORATE_ACTION2015-09-22N/AN/AAnnual General Meeting
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Copy of Newspaper Publication 26 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Copy of Newspaper Publication

Certificate under SEBI (Depositories and Participants) Regulatio 22 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

Outcome of Board Meeting 21 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

Press Release 21 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Press Release

TRADING WINDOW 28 Sep 2026, 10:33 AM • NSE_OFFICIAL_API
Trading Window — Indosolar Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Indosolar Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Trading Window 28 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Trading Window

AMALGAMATION/MERGER 23 Sep 2026, 08:16 PM • NSE_OFFICIAL_API
Amalgamation/Merger — Indosolar Limited has informed the Exchange about Amalgamation/Merger

Indosolar Limited has informed the Exchange about Amalgamation/Merger

OUTCOME OF BOARD MEETING 23 Sep 2026, 08:10 PM • NSE_OFFICIAL_API
Outcome of Board Meeting — Indosolar Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.

Indosolar Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-26 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-10-22 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-21 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-21 Press Release • NSE_OFFICIAL_API
Press Release

2026-09-30 QUARTERLY_RESULTS • Exchange Filing
Financial Results Announced: Q2 FY27

Reported Revenue of ₹157.2 Cr and Net Profit of ₹5.0 Cr.

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 74.93% | FII N/A | DII N/A | Public 25.07%.

2026-09-28 Trading Window • NSE_OFFICIAL_API
Trading Window

2026-09-28 TRADING WINDOW • NSE_OFFICIAL_API
Trading Window — Indosolar Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Indosolar Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-23 Amalgamation/Merger • NSE_OFFICIAL_API
Amalgamation/Merger

2026-09-23 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-09-23 OUTCOME OF BOARD MEETING • NSE_OFFICIAL_API
Outcome of Board Meeting — Indosolar Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.

Indosolar Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.

2026-09-23 AMALGAMATION/MERGER • NSE_OFFICIAL_API
Amalgamation/Merger — Indosolar Limited has informed the Exchange about Amalgamation/Merger

Indosolar Limited has informed the Exchange about Amalgamation/Merger

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (533257) ↗ NSE Official Quote (WAAREEINDO) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 01 Nov 2026, 22:00 VERIFIED f9bc1240adb1...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 29 Oct 2026, 13:49 VERIFIED f9bc1240adb1...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 27 Oct 2026, 02:14 VERIFIED f9bc1240adb1...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 23 Oct 2026, 19:45 VERIFIED 441180800b81...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 19 Oct 2026, 10:45 VERIFIED 7b1ee4ccfd5d...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 15 Oct 2026, 03:47 VERIFIED ded3d05df9fe...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.