BSE:533257

Stock Analysis Report

Executive Summary

Indosolar Limited manufactures and sells solar photovoltaic cells in India and internationally.

Snowflake

Fundamentals

Imperfect balance sheet with weak fundamentals.

Risks

  • Indosolar has significant price volatility in the past 3 months.
  • Indosolar's last earnings update was 287 days ago.
  • Indosolar is not covered by any analysts.

Share Price & News

How has Indosolar's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-10.3%

BSE:533257

0.06%

IN Semiconductor

-0.7%

IN Market


1 Year Return

-89.7%

BSE:533257

-36.9%

IN Semiconductor

-12.1%

IN Market

533257 underperformed the Semiconductor industry which returned -36.9% over the past year.

533257 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

533257IndustryMarket
7 Day-10.3%0.06%-0.7%
30 Day-42.9%-9.8%-4.6%
90 Day-68.9%-6.6%-4.3%
1 Year-89.7%-89.7%-36.9%-36.9%-10.3%-12.1%
3 Year-93.0%-93.0%-28.6%-28.6%18.9%12.8%
5 Year-93.6%-93.6%-35.5%-36.8%37.6%24.7%

Price Volatility Vs. Market

How volatile is Indosolar's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Indosolar undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Indosolar is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Indosolar has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of 533257’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Indosolar regulatory filings.
  • Explore potentially undervalued companies in the semiconductors industry.

Future Growth

How is Indosolar expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.5%

Forecasted Semiconductor industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Indosolar has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Indosolar performed over the past 5 years?

-11.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Indosolar does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Indosolar's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Indosolar's 1-year growth to the Asia Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Indosolar has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Indosolar has efficiently used its assets last year compared to the Asia Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Indosolar improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Indosolar's financial position?


Financial Position Analysis

Indosolar's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Indosolar's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Indosolar has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Indosolar's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Indosolar has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Indosolar has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Indosolar has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -56.2% per year.


Next Steps

Dividend

What is Indosolar's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Indosolar's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Indosolar's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Indosolar has not reported any payouts.

Unable to verify if Indosolar's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Indosolar has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Indosolar's salary, the management and board of directors tenure and is there insider trading?

9.9yrs

Average management tenure


CEO

Hulas Gupta (60yo)

9.9yrs

Tenure

₹1,512,000

Compensation

Mr. Hulas Rahul Gupta has been the Managing Director at Indosolar Limited since September 25, 2009 and served as its Compliance Officer until August 11, 2015. Mr. Gupta is associated with Indosolar Limited ...


CEO Compensation Analysis

Hulas's remuneration is about average for companies of similar size in India.

Hulas's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.9yrs

Average Tenure

58.5yo

Average Age

The average tenure for the Indosolar management team is over 5 years, this suggests they are a seasoned and experienced team.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Anand Agarwal (69yo)

    CFO & Compliance Officer

    • Compensation: 6.93m
  • Christy John (58yo)

    General Manager of Utility

    • Tenure: 10.8yrs
  • Hulas Gupta (60yo)

    MD & Director

    • Tenure: 9.9yrs
    • Compensation: 1.51m
  • Dinesh Shenoy (51yo)

    Chief General Manager of Purchase

  • Dina Singh (69yo)

    Chief Technical Officer

    • Tenure: 9.9yrs
  • Nandan Bhakuni (46yo)

    General Manager of Production

  • Vivek Gupta (50yo)

    Financial Controller

  • Uma Sharma (60yo)

    General Manager of Finance

  • Roshini Gupta (28yo)

    Vice President of Corporate

  • Prakash Nauriya (59yo)

    General Manager of Human Resources & Administration


Board Members

  • Hulas Gupta (60yo)

    MD & Director

    • Tenure: 9.9yrs
    • Compensation: 1.51m

Company Information

Indosolar Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Indosolar Limited
  • Ticker: 533257
  • Exchange: BSE
  • Founded: 2005
  • Industry: semiconductors
  • Sector: semiconductors
  • Market Cap: ₹193.475m
  • Shares outstanding: 372.07m
  • Website: Click here

Number of Employees


Location

  • Indosolar Limited
  • 3C/1, Ecotech-II
  • Udyog Vihar
  • Greater Noida
  • Uttar Pradesh
  • 201306
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INDOSOLARNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2010
533257BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2010

Biography

Indosolar Limited manufactures and sells solar photovoltaic cells in India and internationally. The company offers multi-crystalline and mono-crystalline solar cells and modules. It also provides various s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:54
End of Day Share Price2019/08/16 00:00
Earnings2018/09/30
Annual Earnings2018/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.