INDOSOLAR LIMITED (WAAREEINDO) financials

INDOSOLAR LIMITED (WAAREEINDO) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2005, Indosolar Ltd manufactures PV solar modules.[1]

Market Cap: ₹860Cr.
Current Price: ₹207
Stock P/E: 5.17
ROE: 151%
ROCE: 124%
Book Value: ₹69.0
Dividend Yield: 0.00%
52W High / Low: ₹669/196

In Jun 2026, INDOSOLAR LIMITED (WAAREEINDO) reported sales ₹68 Cr and net profit ₹37 Cr.

Annual TTM: sales ₹554 Cr, net profit ₹166 Cr.

Shareholding: Promoters 74.93% (Jun 2026), FIIs 0.54% (Jun 2026), DIIs 0.06% (Jun 2026), Public 24.46% (Jun 2026), No. of Shareholders 72,841% (Jun 2026).

WAAREEINDO quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	28	103	192	195	203	200	83	68
Expenses	7	80	142	131	132	129	19	20
Operating Profit	22	23	50	64	71	71	64	48
OPM %	77%	23%	26%	33%	35%	36%	77%	71%
Other Income	0	1	1	1	0	0	1	8
Interest	4	5	2	1	0	0	0	0
Depreciation	8	9	9	9	9	9	9	9
Profit before tax	9	10	40	55	61	62	56	47
Tax %	0%	0%	0%	-112%	24%	33%	25%	23%
Net Profit	9	10	40	117	46	41	42	37
EPS in Rs	2.28	2.46	9.62	28.07	11.14	9.97	10.10	8.80
Raw PDF	—	—	—	—	—	—	—	—

WAAREEINDO profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	0	0	0	0	0	324	680	554
Expenses	2	1	8	2	1	229	409	299
Operating Profit	-2	-1	-8	-2	-1	95	271	255
OPM %	—	—	-4,068%	—	—	29%	40%	46%
Other Income	1	1	-107	1,089	-2	1	2	10
Interest	0	0	0	1	8	14	1	1
Depreciation	7	7	7	4	5	27	37	37
Profit before tax	-8	-8	-122	1,081	-15	55	234	227
Tax %	0%	0%	0%	0%	0%	0%	-5%	—
Net Profit	-8	-8	-122	1,081	-15	55	247	166
EPS in Rs	-0.22	-0.21	-3.29	259.87	-3.71	13.17	59.27	40.01
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

WAAREEINDO balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	372	372	372	372	42	42	42	42
Reserves	-1,354	-1,362	-1,370	-1,492	-41	-56	-1	245
Borrowings	829	41	829	829	60	102	50	3
Other Liabilities	412	1,200	407	408	4	63	150	54
Total Liabilities	259	252	238	116	65	150	241	344
Fixed Assets	154	147	140	82	48	47	122	91
CWIP	83	83	83	27	4	94	0	0
Investments	0	0	0	0	0	0	0	0
Other Assets	21	21	14	7	13	9	118	253
Total Assets	259	252	238	116	65	150	241	344

WAAREEINDO cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	32	-1	-1	-0	-14	18	85	78
Cash from Investing Activity	-23	2	-1	0	-3	-56	-20	-24
Cash from Financing Activity	-12	-0	0	1	18	38	-53	-66
Net Cash Flow	-2	1	-2	0	1	0	12	-12
Free Cash Flow	9	-0	-1	-0	-14	-38	65	53
CFO/OP	-132%	28%	41%	5%	721%	-1,255%	90%	29%

WAAREEINDO shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	96.15%	96.15%	96.15%	95.00%	74.93%	74.93%	74.93%	74.93%
FIIs	0.00%	0.00%	0.00%	0.01%	0.53%	0.53%	0.55%	0.54%
DIIs	0.00%	0.00%	0.00%	0.05%	0.07%	0.06%	0.13%	0.06%
Public	3.86%	3.86%	3.86%	4.94%	24.46%	24.47%	24.38%	24.46%
No. of Shareholders	60,868	60,868	60,868	73,141	75,084	72,834	72,093	72,841

WAAREEINDO key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	4	—	—	—	—	—	5	113
Inventory Days	112	—	—	—	—	—	138	21
Days Payable	1,787	—	—	—	—	—	153	20
Cash Conversion Cycle	-1,671	—	—	—	—	—	-10	114
Working Capital Days	-33,663	—	—	—	—	—	-50	106
ROCE %	-44%	—	—	—	—	-7%	77%	124%

WAAREEINDOUpdated 13 Oct 2026, 20:09

Indosolar Limited

WAAREEINDOUpdated 13 Oct 2026, 20:09

Market Cap

₹860Cr.

Current Price

₹207

High / Low

₹669/196

Stock P/E

5.17

ROE151%

ROCE124%

Book Value₹69.0

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated in 2005, Indosolar Ltd manufactures PV solar modules.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	0	1	0	0	1	-2	0	-2	-0.57
Sep 2023	0	2	0	0	1	-3	0	-3	-0.77
Dec 2023	0	2	2	0	1	-5	0	-5	-1.21
Mar 2024	0	3	1	1	1	-5	0	-5	-1.16
Jun 2024	0	3	1	0	1	-5	0	-5	-1.2
Sep 2024	28	4	7	0	8	9	0	9	2.28
Dec 2024	103	5	80	1	9	10	0	10	2.46
Mar 2025	192	2	142	1	9	40	0	40	9.62
Jun 2025	195	1	131	1	9	55	-112	117	28.07
Sep 2025	203	0	132	0	9	61	24	46	11.14
Dec 2025	200	0	129	0	9	62	33	41	9.97
Mar 2026	83	0	19	1	9	56	25	42	10.1
Jun 2026	68	0	20	8	9	47	23	37	8.8

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	296	103	248	4	27	-78	0	-78	-2.18
Mar 2016	258	126	248	2	27	-141	0	-141	-3.94
Mar 2017	442	106	368	3	29	-58	0	-58	-1.62
Mar 2018	314	54	336	-60	28	-163	0	-163	-4.38
Mar 2019	13	51	38	-425	24	-525	0	-525	-14.11
Mar 2020	0	0	2	1	7	-8	0	-8	-0.22
Mar 2021	0	0	1	1	7	-8	0	-8	-0.21
Mar 2022	0	0	8	-107	7	-122	0	-122	-3.29
Mar 2023	0	1	2	1089	4	1081	0	1081	259.87
Mar 2024	0	8	1	-2	5	-15	0	-15	-3.71
Mar 2025	324	14	229	1	27	55	0	55	13.17
Mar 2026	680	1	409	2	37	234	-5	247	59.27
TTM	554	1	299	10	37	227	—	166	40.01

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	74.93%
FIIs	0.54%
DIIs	0.06%
Public	24.46%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2023	96.15%	0%	0%	3.86%
Dec 2023	96.15%	0%	0%	3.86%
Mar 2024	96.15%	0%	0%	3.86%
Jun 2024	96.15%	0%	0%	3.86%
Sep 2024	96.15%	0%	0%	3.86%
Dec 2024	96.15%	0%	0%	3.86%
Mar 2025	96.15%	0%	0%	3.86%
Jun 2025	95%	0.01%	0.05%	4.94%
Sep 2025	74.93%	0.53%	0.07%	24.46%
Dec 2025	74.93%	0.53%	0.06%	24.47%
Mar 2026	74.93%	0.55%	0.13%	24.38%
Jun 2026	74.93%	0.54%	0.06%	24.46%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2015	358	-465	987	244	1125	470	574	81	1125
Mar 2016	358	-606	965	385	1102	445	597	60	1102
Mar 2017	358	-667	942	483	1116	452	563	101	1116
Mar 2018	372	-829	820	380	744	427	257	60	744
Mar 2019	372	-1354	829	412	259	154	83	21	259
Mar 2020	372	-1362	41	1200	252	147	83	21	252
Mar 2021	372	-1370	829	407	238	140	83	14	238
Mar 2022	372	-1492	829	408	116	82	27	7	116
Mar 2023	42	-41	60	4	65	48	4	13	65
Mar 2024	42	-56	102	63	150	47	94	9	150
Mar 2025	42	-1	50	150	241	122	0	118	241
Mar 2026	42	245	3	54	344	91	0	253	344

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	79	-61	-10	8
Mar 2016	16	-2	-24	-9
Mar 2017	55	-28	-21	6
Mar 2018	29	-8	-25	-4
Mar 2019	32	-23	-12	-2
Mar 2020	-1	2	0	1
Mar 2021	-1	-1	0	-2
Mar 2022	0	0	1	0
Mar 2023	-14	-3	18	1
Mar 2024	18	-56	38	0
Mar 2025	85	-20	-53	12
Mar 2026	78	-24	-66	-12

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	2	5	9	3	4	—	—	—	—	—	5	113
Inventory Days	41	50	45	35	112	—	—	—	—	—	138	21
Days Payable	21	82	34	82	1,787	—	—	—	—	—	153	20
Cash Conversion Cycle	22	-27	21	-43	-1,671	—	—	—	—	—	-10	114
Working Capital Days	-714	-1,130	-1,110	-996	-33,663	—	—	—	—	—	-50	106
ROCE %	3%	-2%	7%	-9%	-44%	—	—	—	—	-7%	77%	124%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of INDOSOLAR LIMITED (WAAREEINDO)?

The reported market capitalisation for INDOSOLAR LIMITED (WAAREEINDO) is ₹860Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of WAAREEINDO?

The current price shown for INDOSOLAR LIMITED (WAAREEINDO) on Fincrux is ₹207 with a 52-week high/low of ₹669/196.

What is the P/E ratio of INDOSOLAR LIMITED (WAAREEINDO)?

The stock P/E for INDOSOLAR LIMITED (WAAREEINDO) is 5.17 on Fincrux, with ROE at 151% and ROCE at 124%.

What were WAAREEINDO latest quarterly results?

For Jun 2026, INDOSOLAR LIMITED (WAAREEINDO) reported sales ₹68 Cr and net profit ₹37 Cr (figures in ₹ crore unless noted).

What are WAAREEINDO annual sales and net profit?

For TTM, INDOSOLAR LIMITED (WAAREEINDO) shows sales of ₹554 Cr and net profit of ₹166 Cr on the Fincrux profit & loss statement.

Who owns INDOSOLAR LIMITED (WAAREEINDO)?

Latest shareholding for INDOSOLAR LIMITED (WAAREEINDO) on Fincrux: Promoters 74.93% (Jun 2026), FIIs 0.54% (Jun 2026), DIIs 0.06% (Jun 2026), Public 24.46% (Jun 2026), No. of Shareholders 72,841% (Jun 2026).

Where can I find INDOSOLAR LIMITED (WAAREEINDO) financials?

INDOSOLAR LIMITED (WAAREEINDO) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show WAAREEINDO balance sheet and cash flow?

Yes. The INDOSOLAR LIMITED (WAAREEINDO) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 20:09