---
title: "Indosolar Ltd (WAAREEINDO) — Share Price, Financials & Analysis"
symbol: "WAAREEINDO"
company: "Indosolar Ltd"
canonical: "https://tapetide.com/stocks/WAAREEINDO"
isin: "INE866K01023"
nse_symbol: "WAAREEINDO"
bse_code: "533257"
sector: "Industrials"
industry: "Electrical Equipment"
market_cap_cr: 1063.39
generated_at: "2026-09-13T19:54:10.465Z"
---

# Indosolar Ltd (WAAREEINDO)

Canonical page: https://tapetide.com/stocks/WAAREEINDO

## Company

- **NSE Symbol:** WAAREEINDO
- **BSE Code:** 533257
- **ISIN:** INE866K01023
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2010-09-29
- **CEO:** Mr. Hitesh Chimanlal Doshi
- **Employees:** 66
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indosolar.co.in

## About

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

## Latest Price

- **Price:** ₹251.95
- **Change:** -6.3 (-2.44%)
- **Open:** ₹259.8
- **Day High:** ₹261.95
- **Day Low:** ₹251
- **Previous Close:** ₹258.25
- **Volume:** 206769
- **As Of:** 2026-09-11T10:25:50+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:56.588391Z.

- **Market Cap:** ₹1063.39 Cr
- **Classification:** Microcap
- **P/E (reported):** 6.5
- **P/E (TTM):** 6.3
- **EPS (TTM):** ₹40.01
- **Book Value:** ₹68.99
- **Price to Book:** 3.75
- **Dividend Yield:** 0%
- **ROE:** 85.92%
- **ROCE:** 76.27%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹681.4 Cr
- **Net Income:** ₹246.6 Cr
- **EBITDA:** ₹272.3 Cr
- **52-Week High:** ₹725
- **52-Week Low:** ₹257.5
- **RSI (14):** 27.83

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.99 | 9% |
| growth | 32.68 | 9% |
| momentum | 15.98 | 12% |
| ownership | 44.58 | 24% |
| quality | 79.93 | 22% |
| valuation | 69.08 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 101% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 58.9 to 113 days.
- Working capital days have increased from 28.1 days to 106 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -7.85% | 328.02% | — |
| ebitda margin growth | -13.28% | 35.32% | -110.98% | -100.98% |
| net income growth | -12.86% | 350% | 231% | 101% |
| revenue growth | -8.79% | 109.86% | 811.42% | 408.71% |
| roce | — | 7.7% | — | — |
| roe | — | -36.61% | 109.65% | 686.81% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 28 | 103 | 192 | 195 | 203 | 200 | 83 | 68 |
| Expenses | 0 | 2 | 1 | 1 | 7 | 80 | 142 | 131 | 132 | 129 | 19 | 20 |
| Operating Profit | 0 | -2 | -1 | -1 | 22 | 23 | 50 | 64 | 71 | 71 | 64 | 48 |
| OPM % | — | — | — | — | 77 | 23 | 26 | 33 | 35 | 36 | 77 | 71 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 8 |
| Interest | 2 | 2 | 3 | 3 | 4 | 5 | 2 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Profit before tax | -3 | -5 | -5 | -5 | 9 | 10 | 40 | 55 | 61 | 62 | 56 | 47 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -112 | 24 | 33 | 25 | 23 |
| Net Profit | -3 | -5 | -5 | -5 | 9 | 10 | 40 | 117 | 46 | 41 | 42 | 37 |
| EPS in Rs | -0.77 | -1.21 | -1.16 | -1.2 | 2.28 | 2.46 | 9.62 | 28.07 | 11.14 | 9.97 | 10.1 | 8.8 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 314 | 13 | 0 | 0 | 0 | 0 | 0 | 324 | 680 | 554 |
| Expenses | 336 | 38 | 2 | 1 | 8 | 2 | 1 | 229 | 409 | 299 |
| Operating Profit | -21 | -25 | -2 | -1 | -8 | -2 | -1 | 95 | 271 | 255 |
| OPM % | -7 | -186 | — | — | -4068 | — | — | 29 | 40 | 46 |
| Other Income | -60 | -425 | 1 | 1 | -107 | 1089 | -2 | 1 | 2 | 10 |
| Interest | 54 | 51 | 0 | 0 | 0 | 1 | 8 | 14 | 1 | 1 |
| Depreciation | 28 | 24 | 7 | 7 | 7 | 4 | 5 | 27 | 37 | 37 |
| Profit before tax | -163 | -525 | -8 | -8 | -122 | 1081 | -15 | 55 | 234 | 227 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5 | — |
| Net Profit | -163 | -525 | -8 | -8 | -122 | 1081 | -15 | 55 | 247 | 166 |
| EPS in Rs | -4.38 | -14.11 | -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 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

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

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 55 | 29 | 32 | -1 | -1 | 0 | -14 | 18 | 85 | 78 |
| Cash from Investing Activity | -28 | -8 | -23 | 2 | -1 | 0 | -3 | -56 | -20 | -24 |
| Cash from Financing Activity | -21 | -25 | -12 | 0 | 0 | 1 | 18 | 38 | -53 | -66 |
| Net Cash Flow | 6 | -4 | -2 | 1 | -2 | 0 | 1 | 0 | 12 | -12 |
| Free Cash Flow | 32 | 17 | 9 | 0 | -1 | 0 | -14 | -38 | 65 | 53 |
| CFO/OP | 73 | -137 | -132 | 28 | 41 | 5 | 721 | -1255 | 90 | 29 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 9 | 3 | 4 | — | — | — | — | — | 5 | 113 |
| Inventory Days | 45 | 35 | 112 | — | — | — | — | — | 138 | 21 |
| Days Payable | 34 | 82 | 1787 | — | — | — | — | — | 153 | 20 |
| Cash Conversion Cycle | 21 | -43 | -1671 | — | — | — | — | — | -10 | 114 |
| Working Capital Days | -1110 | -996 | -33663 | — | — | — | — | — | -50 | 106 |
| ROCE % | 7 | -9 | -44 | — | — | — | — | -7 | 77 | 124 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 96.15% | 96.15% | 96.15% | 96.15% | 96.15% | 96.15% | 96.15% | 95% | 74.93% | 74.93% | 74.93% | 74.93% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.54% | 0.54% | 0.55% | 0.55% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.05% | 0.07% | 0.06% | 0.12% | 0.06% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 3.46% | 3.46% | 3.46% | 3.46% | 3.46% | 3.46% | 3.46% | 4.28% | 14.99% | 15.82% | 16.45% | 16.39% |
| Others | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.66% | 9.47% | 8.65% | 7.94% | 8.07% |
| No. of Shareholders | 60868 | 60868 | 60868 | 60868 | 60868 | 60868 | 60868 | 73932 | 75084 | 72834 | 72093 | 72841 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 2 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 264.75 | Sell |
| EMA (10) | 264.68 | Sell |
| SMA (20) | 274.53 | Sell |
| EMA (20) | 276.25 | Sell |
| SMA (50) | 318.67 | Sell |
| EMA (50) | 310.14 | Sell |
| SMA (100) | 363.26 | Sell |
| EMA (100) | 342.22 | Sell |
| SMA (200) | 399.92 | Sell |
| EMA (200) | 333.87 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 25.4 | Buy |
| MACD (12,26,9) | -16.84 | Buy |
| Stochastic (14,3,3) | 3.65 | Buy |
| ADX (14) | 43.04 | Buy |
| Williams %R (14) | -97.15 | Buy |
| ATR (14) | 11.33 | High Volatility |
| ROC (12) | -8.43 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 30.64 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0facd863-335b-417d-a76a-8f565ca405f1.pdf) |
| 2026-09-01 | [Voting Results And Scrutiniser Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=129a0401-97fa-4343-9550-ae40dadbe165.pdf) |
| 2026-09-01 | [Voting Results And Scrutiniser Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7471ecac-66d9-4fdf-a10b-364b50e41689.pdf) |
| 2026-08-31 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a0b148e-9b7d-40c8-a72b-fe4caca7e4bb.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea6795cd-d0ba-462b-b527-74d834585e83.pdf) |
| 2026-08-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fd00431-f661-4a92-bd57-11c8e2aeb18b.pdf) |
| 2026-08-07 | [17Th Annual General Meeting Of The Company For The FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c29f27b-e269-43ef-a831-4383f094ce24.pdf) |
| 2026-08-07 | [Notice For The 17Th Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72c538ed-7eab-4830-8c58-bcc5d52983c7.pdf) |
| 2026-08-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b31a0587-a7d5-48b7-a378-37a0b0df4ca0.pdf) |
| 2026-08-03 | [Disclosure Under Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9635fa92-3ab4-41be-ab0a-c5f589bc0574.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-23 | [Unaudited Standalone Financials Results Along With Limited Review Report For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7cc48084-285a-44a5-aabf-5096aa46a4e1.pdf) |
| 2026-04-20 | [Audited Financial Results For The Quarter And Year Ended March 31 2026 Along With Audit Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f98360d-9edd-4748-9b30-2b4d7e9db03d.pdf) |
| 2026-01-16 | [Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1238ee5f-2531-4949-99fc-6ff06180fa56.pdf) |
| 2025-10-10 | [Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02079720-f6cc-464c-b498-6c83b85b1d44.pdf) |
| 2025-07-18 | [Results - Financial Results For The Quarter Ended On 30/06/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73fd3073-9bd2-479f-9455-201f717f4f99.pdf) |
| 2025-04-17 | [Audited Financial Results For Quarter And Year Ended As On March 31 2025 Along With Statement Of Assets And Liabilities As On Date And Cash Flow Statements For Quarter And Year Ended On March 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e47e23f6-0942-470e-9007-64af1411f153.pdf) |
| 2025-01-22 | [Un-Audited Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ddde8bbc-a27f-4d98-bdc8-9f2c776dd4a0.pdf) |
| 2024-11-11 | [Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6825aa2a-4f78-4b3a-8158-f16f49033d4b.pdf) |
| 2024-08-13 | [Un-Audited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4303580b-0dcc-4677-bccc-c9d13a987aba.pdf) |
| 2024-05-28 | [Audited Financial Results For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3af915e-3fb1-4697-a837-bfc4ab62e84e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7h - Indosolar approved FY26 audited results, appointed an independent director, CFO, internal auditor and cost auditor. | [Announcement under Regulation 30 (LODR)-Change in Management 7h - Indosolar approved FY26 audited results, appointed an independent director, CFO, internal auditor and cost auditor.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/05b04a4b-9009-4ced-b6ab-256e8f59d542.pdf) |
| 7h - Board approved FY26 audited results and appointed new CFO, independent director, internal auditor, cost auditor on Apr 20, 2026. | [Announcement Under Regulation 30 Of SEBI LODR For Re-Appointment Of Internal Auditor And Cost Auditor For The Financial Year 2026-27. 7h - Board approved FY26 audited results and appointed new CFO, independent director, internal auditor, cost auditor on Apr 20, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/63f3af96-afa9-4ea0-b113-4baa403d453a.pdf) |
| 7h - Board approved FY26 audited results and appointed an independent director, CFO, internal and cost auditors. | [Audited Financial Results For The Quarter And Year Ended March 31, 2026 Along With Audit Report. 7h - Board approved FY26 audited results and appointed an independent director, CFO, internal and cost auditors.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7f98360d-9edd-4748-9b30-2b4d7e9db03d.pdf) |
| 7h - Audited FY26 results approved; CFO, independent director, internal and cost auditor appointed. | [Announcement Under Reg 30 Of SEBI LODR For Appointment Of Mr. Abhishek Pareek As A Chief Financial Officer Of The Company With Effect From April 20, 2026. 7h - Audited FY26 results approved; CFO, independent director, internal and cost auditor appointed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/29a97437-1ce5-4404-bde9-c55b99ce592e.pdf) |
| 5h - Indosolar FY26 revenue rose 109.89% to ₹679.85 Cr; PAT up 350.16% to ₹246.60 Cr; CFO and director appointed. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 5h - Indosolar FY26 revenue rose 109.89% to ₹679.85 Cr; PAT up 350.16% to ₹246.60 Cr; CFO and director appointed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f498e3c9-ce63-4482-9546-991ddf9b53fe.pdf) |
| 29 Jan - Mr Shiv Kumar Agarwal resigned as Indosolar Independent Director effective Jan 28, 2026, citing personal commitments. | [Announcement under Regulation 30 (LODR)-Change in Directorate 29 Jan - Mr Shiv Kumar Agarwal resigned as Indosolar Independent Director effective Jan 28, 2026, citing personal commitments.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4e7edfd7-30c2-4e61-a305-c4d31c8ef5d4.pdf) |
| 29 Jan - Independent Director Shiv Kumar Agarwal resigned effective Jan 28, 2026 due to personal commitments. | [Announcement under Regulation 30 (LODR)-Change in Management 29 Jan - Independent Director Shiv Kumar Agarwal resigned effective Jan 28, 2026 due to personal commitments.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec3bf6fd-a28d-4952-9f75-d9d6a592b024.pdf) |
| 29 Apr - Net proceeds from fractional share sales disbursed on April 28, 2026. | [Disbursement Of Net Proceeds From Sale Of Fractional Share Entitlements 29 Apr - Net proceeds from fractional share sales disbursed on April 28, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9526d43e-80b4-4965-9ced-7ed9c79a7d16.pdf) |
| 29 Apr - Net proceeds from fractional share sales disbursed on April 28, 2026. | [Disbursement Of Net Proceeds From Sale Of Fractional Share Entitlements 29 Apr - Net proceeds from fractional share sales disbursed on April 28, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9526d43e-80b4-4965-9ced-7ed9c79a7d16.pdf) |
| 25 Feb - Newspaper Notice for shifting of registered office | [Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Feb - Newspaper Notice for shifting of registered office](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53586182-4694-410b-b3a6-c92bb76ac865.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1503_INDOSOLAR_2012_2013_05092013121907.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fd00431-f661-4a92-bd57-11c8e2aeb18b.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9599d9ee-bfdc-4258-a8ac-4eb607518ffa.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ff04a01-633a-456d-95eb-0aa477b6c03e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cfb118e8-c417-49fa-9f72-634abb532509.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7672e87c-d690-44c5-b1f2-44feb3997e35.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2020/INDOSOLAR_LTD-533257-MARCH-2020.PDF) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533257/65537533257_09_09_20.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533257/5332570318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533257/5332570317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:54:10.465Z.