Income Statement Indosolar Limited

Stocks

WAAREEINDO

INE866K01023

Renewable Energy Equipment & Services

Market Closed - Bombay S.E. 06:02:22 2026-08-14 EDT			5-day change	1st Jan Change
297.05 ^INR	-0.47%		-9.37%	-45.19%

07-23	Indosolar Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
04-21	Indosolar Posts Higher Net Profit in Fiscal Q4; Shares Plummet 5%	MT

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Published financial data: INDOSOLAR LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2019	2023	2024	2025	2026
Revenues	132M	-	-	3.24B	6.8B
Total Revenues	132M	-	-	3.24B	6.8B
Cost of Goods Sold, Total	179M	-	-	2.17B	3.9B
Gross Profit	-46.3M	-	-	1.07B	2.9B
Selling General & Admin Expenses, Total	47.57M	207K	556K	118M	185M
Provision for Bad Debts	6.02M	-	-	-	-
Depreciation & Amortization - (IS)	241M	42.51M	45.82M	273M	367M
Other Operating Expenses	146M	9.83M	13.18M	-	-
Other Operating Expenses, Total	441M	52.55M	59.56M	391M	552M
Operating Income	-488M	-52.55M	-59.56M	677M	2.35B
Interest Expense, Total	-501M	-11.03M	-69.97M	-128M	-12.69M
Interest And Investment Income	5.24M	1.4M	1.42M	2.7M	15.17M
Net Interest Expenses	-496M	-9.63M	-68.55M	-126M	2.48M
Currency Exchange Gains (Loss)	-366K	12K	5.4M	5.01M	-7.09M
Other Non Operating Income (Expenses)	-8.04M	-	-7.72M	-9.52M	-
EBT, Excl. Unusual Items	-992M	-62.16M	-130M	547M	2.34B
Gain (Loss) On Sale Of Assets	-1.04M	-	-	686K	-
Asset Writedown	-4.28B	-494M	-24.82M	-	-
Other Unusual Items	24.85M	11.37B	804K	-	-
EBT, Incl. Unusual Items	-5.25B	10.81B	-154M	548M	2.34B
Income Tax Expense	-	2.36M	-	-45K	-123M
Earnings From Continuing Operations	-5.25B	10.81B	-154M	548M	2.47B
Net Income to Company	-5.25B	10.81B	-154M	548M	2.47B
Net Income - (IS)	-5.25B	10.81B	-154M	548M	2.47B
Net Income to Common Incl Extra Items	-5.25B	10.81B	-154M	548M	2.47B
Net Income to Common Excl. Extra Items	-5.25B	10.81B	-154M	548M	2.47B
Per Share Items
Net EPS - Basic	-1.41K	178.36	-3.71	13.17	59.27
Basic EPS - Continuing Operations	-1.41K	178.36	-3.71	13.17	59.27
Basic Weighted Average Shares Outstanding	3.72M	-	-	41.6M	41.6M
Net EPS - Diluted	-1.41K	178.36	-3.71	13.17	59.27
Diluted EPS - Continuing Operations	-1.41K	178.36	-3.71	13.17	59.27
Diluted Weighted Average Shares Outstanding	3.72M	-	-	41.6M	41.6M
Normalized Basic EPS	-166.64	-0.64	-1.96	8.22	35.2
Normalized Diluted EPS	-166.64	-0.64	-1.96	8.22	35.2
Supplemental Items
EBITDA	-247M	-12.97M	-16.67M	948M	2.71B
EBITA	-488M	-52.55M	-59.55M	677M	2.35B
EBIT	-488M	-52.55M	-59.56M	677M	2.35B
EBITDAR	-246M	-	-	-	-
Total Revenues (As Reported)	161M	11.31M	8.5M	3.25B	6.81B
Effective Tax Rate - (Ratio)	-	0.02	-	-0.01	-5.26
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-123M
Normalized Net Income	-620M	-38.85M	-81.51M	342M	1.46B
Interest on Long-Term Debt	102M	1.06M	1.02M	3.16M	2.21M
Non-Cash Pension Expense	0	-	-9K	1K	541K
Supplemental Operating Expense Items
Advertising Expense	1.19M	-	-	395K	1.09M
Selling and Marketing Expenses	1.19M	-	-	395K	1.09M
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	780K	-	-	-	-
Imputed Operating Lease Interest Expense	379K	-	-	-	-
Imputed Operating Lease Depreciation	401K	-	-	-	-
Maintenance & Repair Expenses, Total	3.5M	-	-	5.32M	9.82M

Fiscal Period: March	2019	2023	2024	2025	2026
Assets
Cash And Equivalents	6.7M	8.59M	9.29M	130M	10.94M
Short Term Investments	-	33.91M	41.14M	40.63M	42.28M
Total Cash And Short Term Investments	6.7M	42.51M	50.42M	171M	53.22M
Accounts Receivable, Total	1.45M	-	-	46.55M	2.1B
Other Receivables	5.58M	8.97M	2.31M	1.83M	1.69M
Notes Receivable	-	-	-	-	-
Total Receivables	7.04M	8.97M	2.31M	48.38M	2.1B
Inventory	71.98M	6.95M	5.87M	744M	211M
Prepaid Expenses	17K	-	321K	1.4M	2.82M
Other Current Assets, Total	109M	73.78M	26.93M	206M	19.36M
Total Current Assets	195M	132M	85.86M	1.17B	2.38B
Gross Property Plant And Equipment	3.18B	1.3B	2.24B	2.33B	2.38B
Accumulated Depreciation	-810M	-784M	-829M	-1.1B	-1.47B
Net Property Plant And Equipment	2.37B	519M	1.41B	1.22B	910M
Long-term Investments	-	-	-	3.35M	4.44M
Other Intangibles, Total	1.28M	-	67K	59K	51K
Loans Receivable Long-Term	15.77M	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	123M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	3.6M	2.41M	2.65M	9.2M	22.14M
Total Assets	2.59B	653M	1.5B	2.41B	3.44B
Liabilities
Accounts Payable, Total	857M	2.26M	23.6M	829M	200M
Accrued Expenses, Total	3.07B	9.76M	7.74M	185M	83.08M
Short-term Borrowings	356M	217M	-	-	-
Current Portion of Long-Term Debt	7.87B	309M	-	121M	-
Current Portion of Leases	863K	1.92M	2.04M	912K	981K
Unearned Revenue Current, Total	67.32M	-	3.67M	63.42M	1.13M
Other Current Liabilities	119M	-	241M	242M	70.43M
Total Current Liabilities	12.34B	540M	278M	1.44B	356M
Long-Term Debt	50.07M	77.16M	989M	350M	-
Long-Term Leases	8.36M	25.5M	25.55M	28.97M	29.74M
Unearned Revenue Non Current	-	-	182M	182M	182M
Pension & Other Post Retirement Benefits	-	-	9K	273K	1.41M
Other Non Current Liabilities	4.88M	-	170M	905K	4.68M
Total Liabilities	12.4B	642M	1.64B	2B	574M
Preferred Stock Redeemable	-	-	-	-	-
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	3.72B	416M	416M	416M	416M
Additional Paid In Capital	2.22B	2.22B	2.22B	2.22B	2.22B
Retained Earnings	-15.8B	-6.37B	-6.53B	-5.98B	-3.51B
Comprehensive Income and Other	38.42M	3.74B	3.74B	3.74B	3.74B
Total Common Equity	-9.81B	10.76M	-144M	404M	2.87B
Total Equity	-9.81B	10.76M	-144M	404M	2.87B
Total Liabilities And Equity	2.59B	653M	1.5B	2.41B	3.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.72M	41.6M	41.6M	41.6M	41.6M
ECS Total Common Shares Outstanding	3.72M	-	41.6M	41.6M	41.6M
Book Value / Share	-2.64K	0.26	-3.45	9.71	68.99
Tangible Book Value	-9.82B	10.76M	-144M	404M	2.87B
Tangible Book Value Per Share	-2.64K	0.26	-3.46	9.71	68.98
Total Debt	8.29B	630M	1.02B	500M	30.72M
Net Debt	8.28B	588M	966M	329M	-22.5M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	9K	274K	1.41M
Debt Equivalent Oper. Leases	6.24M	-	-	-	-
Account Code - Inventory Valuation	5	-	5	6	6
Inventories - Raw Materials, Total	-	-	1.59M	645M	152M
Inventories - Work In Process, Total	-	-	-	16.47M	43K
Inventories - Finished Goods, Total	-	-	-	63.4M	23.64M
Inventories - Others	53.73M	-	-	19.42M	35.43M
Land - (BS)	241M	-	-	-	-
Buildings, Total	568M	568M	606M	607M	609M
Machinery, Total	1.54B	456M	457M	1.48B	1.53B
Full Time Employees	-	-	21	66	91
Accumulated Allowance for Doubtful Accounts (Supple)	35.49M	-	-	-	-

Fiscal Period: March	2019	2023	2024	2025	2026
Net Income	-5.25B	10.81B	-154M	548M	2.47B
Depreciation & Amortization - CF	241M	42.51M	45.82M	273M	367M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	8K	8K	8K
Depreciation & Amortization, Total	241M	42.51M	45.82M	273M	367M
Amortization of Deferred Charges, Total - (CF)	447K	-	-	-	-
(Gain) Loss From Sale Of Asset	1.04M	-	24.82M	-686K	-
Asset Writedown & Restructuring Costs	4.28B	-	-	-	-
Provision and Write-off of Bad Debts	85.98M	-	-	-	-
Other Operating Activities, Total	482M	-10.86B	76.12M	146M	-116M
Change In Accounts Receivable	-58.67M	-	-	-46.55M	-2.04B
Change In Inventories	213M	-	-1.59M	-743M	533M
Change In Accounts Payable	233M	-205M	13.62M	806M	-629M
Change in Other Net Operating Assets	95.03M	71.62M	179M	-132M	203M
Cash from Operations	324M	-144M	183M	851M	784M
Capital Expenditure	-234M	-37.48M	-600M	-206M	-249M
Sale of Property, Plant, and Equipment	2.33M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	10.18M	1.04M	3.2M	1.49M
Other Investing Activities, Total	3.11M	-	38.46M	5.38M	2.74M
Cash from Investing	-228M	-27.3M	-561M	-197M	-245M
Short Term Debt Issued, Total	1.08M	-	-	-	-
Long-Term Debt Issued, Total	-	-	386M	-	-
Total Debt Issued	1.08M	-	386M	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-19.78M	-212M	-864K	-520M	-472M
Total Debt Repaid	-19.78M	-212M	-864K	-520M	-472M
Issuance of Common Stock	-	400M	-	-	-
Other Financing Activities, Total	-99.97M	-11.03M	-6.9M	-12.62M	-187M
Cash from Financing	-119M	177M	379M	-532M	-659M
Miscellaneous Cash Flow Adjustments	-2K	-	-	-	-
Net Change in Cash	-22.55M	6.11M	694K	121M	-119M
Supplemental Items
Cash Interest Paid	99.97M	11.03M	6.9M	12.62M	187M
Cash Income Tax Paid (Refund)	-	245K	142K	3.29M	6.68M
Levered Free Cash Flow	-72.36M	-4.15B	-318M	490M	-717M
Unlevered Free Cash Flow	241M	-4.14B	-274M	570M	-709M
Change In Net Working Capital	-538M	4.12B	-318M	-79.58M	2.29B
Net Debt Issued / Repaid	-18.7M	-212M	385M	-520M	-472M

Fiscal Period: March	2019	2023	2024	2025	2026
Profitability
Return on Assets	-6.08	-3.62	-3.46	21.65	50.15
Return on Total Capital	-28.95	2.9	-4.92	47.61	77.11
Return On Equity %	73.02	-193.24	232.38	420.64	150.63
Return on Common Equity	73.02	-193.24	232.38	420.64	150.63
Margin Analysis
Gross Profit Margin %	-35.02	-	-	32.99	42.64
SG&A Margin	35.97	-	-	3.65	2.72
EBITDA Margin %	-186.54	-	-	29.25	39.89
EBITA Margin %	-368.73	-	-	20.91	34.53
EBIT Margin %	-368.73	-	-	20.91	34.53
Income From Continuing Operations Margin %	-3.97K	-	-	16.91	36.27
Net Income Margin %	-3.97K	-	-	16.91	36.27
Net Avail. For Common Margin %	-3.97K	-	-	16.91	36.27
Normalized Net Income Margin	-468.87	-	-	10.56	21.54
Levered Free Cash Flow Margin	-54.72	-	-	15.13	-10.55
Unlevered Free Cash Flow Margin	182.2	-	-	17.61	-10.43
Asset Turnover
Asset Turnover	0.03	-	-	1.66	2.32
Fixed Assets Turnover	0.03	-	-	2.46	6.37
Receivables Turnover (Average Receivables)	8.65	-	-	-	6.35
Inventory Turnover (Average Inventory)	1.01	-	-	5.82	8.16
Short Term Liquidity
Current Ratio	0.02	0.24	0.31	0.81	6.7
Quick Ratio	0	0.1	0.19	0.15	6.05
Operating Cash Flow to Current Liabilities	0.03	-0.27	0.66	0.59	2.2
Days Sales Outstanding (Average Receivables)	42.21	-	-	-	57.52
Days Outstanding Inventory (Average Inventory)	362.46	-	-	62.72	44.7
Average Days Payable Outstanding	-8.42K	-	-	53.43	55.82
Cash Conversion Cycle (Average Days)	8.82K	-	-	-	46.4
Long Term Solvency
Total Debt/Equity	-84.43	5.86K	-707.78	123.82	1.07
Total Debt / Total Capital	-542.28	98.32	116.45	55.32	1.06
LT Debt/Equity	-0.6	954.05	-706.37	93.77	1.04
Long-Term Debt / Total Capital	-3.82	16.01	116.22	41.9	1.03
Total Liabilities / Total Assets	479.16	98.35	109.57	83.21	16.67
EBIT / Interest Expense	-0.97	-4.76	-0.85	5.28	184.93
EBITDA / Interest Expense	-0.49	-0.91	-0.2	7.41	213.84
(EBITDA - Capex) / Interest Expense	-0.96	-4.31	-8.78	5.81	194.24
Total Debt / EBITDA	-33.59	-62.84	-74.05	0.53	0.01
Net Debt / EBITDA	-33.57	-58.6	-70.38	0.35	-0.01
Total Debt / (EBITDA - Capex)	-17.25	-13.27	-1.66	0.67	0.01
Net Debt / (EBITDA - Capex)	-17.23	-12.37	-1.57	0.44	-0.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-95.79	-	-	-	109.89
Gross Profit, 1 Yr. Growth %	-114.11	-	-	-	171.3
EBITDA, 1 Yr. Growth %	14.99	-83.23	28.52	-5.78K	186.18
EBITA, 1 Yr. Growth %	-1.52	-64.59	13.33	-1.24K	246.66
EBIT, 1 Yr. Growth %	-1.52	-64.59	13.34	-1.24K	246.66
Earnings From Cont. Operations, 1 Yr. Growth %	222.42	-983.9	-101.43	-454.72	350.15
Net Income, 1 Yr. Growth %	222.42	-983.9	-101.43	-454.72	350.15
Normalized Net Income, 1 Yr. Growth %	0.51	-58.11	109.8	-519.48	328.24
Diluted EPS Before Extra, 1 Yr. Growth %	217.81	-154.21	-102.08	-454.72	350.12
Accounts Receivable, 1 Yr. Growth %	-95.01	-	-	-	4.4K
Inventory, 1 Yr. Growth %	-74.53	-	-15.52	46.77K	-71.68
Net Property, Plant and Equip., 1 Yr. Growth %	-65.3	-52.22	172.39	-13.34	-25.65
Total Assets, 1 Yr. Growth %	-65.19	-43.7	129.81	60.37	43.05
Tangible Book Value, 1 Yr. Growth %	114.93	-100.1	-1.44K	-381.12	610.24
Common Equity, 1 Yr. Growth %	114.99	-100.1	-1.44K	-381.29	610.15
Cash From Operations, 1 Yr. Growth %	11.02	2.86K	-227.51	364.58	-7.86
Capital Expenditures, 1 Yr. Growth %	94.05	-	1.5K	-65.73	20.91
Levered Free Cash Flow, 1 Yr. Growth %	-94.08	-46.93	-92.35	-254.25	-249.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-126.81	-47.02	-93.39	-308.13	-224.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-82.71	-	-	-	-
Gross Profit, 2 Yr. CAGR %	-81.93	-	-	-	-
EBITDA, 2 Yr. CAGR %	-42.45	27.26	-53.58	754.75	1.18K
EBITA, 2 Yr. CAGR %	3.66	-18.69	-36.65	258.98	527.86
EBIT, 2 Yr. CAGR %	3.66	-18.69	-36.65	258.98	527.82
Earnings From Cont. Operations, 2 Yr. CAGR %	201.05	1.07K	-64.47	-77.49	299.6
Net Income, 2 Yr. CAGR %	201.05	1.07K	-64.47	-77.49	299.6
Normalized Net Income, 2 Yr. CAGR %	31.02	-11.57	-6.25	196.66	323.84
Diluted EPS Before Extra, 2 Yr. CAGR %	195.13	191.43	-89.38	-72.83	299.58
Accounts Receivable, 2 Yr. CAGR %	-88.62	-	-	-	-
Inventory, 2 Yr. CAGR %	-58.2	-64.03	-	934.72	1.05K
Net Property, Plant and Equip., 2 Yr. CAGR %	-51.66	-51.78	14.08	53.64	-19.73
Total Assets, 2 Yr. CAGR %	-51.85	-48.24	13.75	91.98	51.46
Tangible Book Value, 2 Yr. CAGR %	78.35	-96.72	-88.67	512.82	346.84
Common Equity, 2 Yr. CAGR %	78.36	-96.72	-88.67	512.86	346.94
Cash From Operations, 2 Yr. CAGR %	-22.93	388.25	514.52	143.39	106.9
Capital Expenditures, 2 Yr. CAGR %	2.01	1.34K	-	134.3	-35.63
Levered Free Cash Flow, 2 Yr. CAGR %	-61.4	1.19K	-79.85	-65.64	50.21
Unlevered Free Cash Flow, 2 Yr. CAGR %	-53.88	1.19K	-81.28	-62.91	60.85
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-62.83	-	-	1.09K	-
Gross Profit, 3 Yr. CAGR %	-58.1	-	-	724.73	-
EBITDA, 3 Yr. CAGR %	36.12	-12.85	27.68	130.53	493.53
EBITA, 3 Yr. CAGR %	42.69	-16.75	-9.18	65.87	254.83
EBIT, 3 Yr. CAGR %	42.69	-16.75	-9.17	65.87	254.83
Earnings From Cont. Operations, 3 Yr. CAGR %	54.9	406.08	24.77	-23.49	-38.9
Net Income, 3 Yr. CAGR %	54.9	406.08	24.77	-23.49	-38.9
Normalized Net Income, 3 Yr. CAGR %	-11.09	-9.34	17.94	54.48	235.28
Diluted EPS Before Extra, 3 Yr. CAGR %	52.94	100.89	-43.89	-65.79	-30.74
Accounts Receivable, 3 Yr. CAGR %	-65.33	-	-	-	-
Inventory, 3 Yr. CAGR %	-35.11	-49.42	-52.19	-	211.84
Net Property, Plant and Equip., 3 Yr. CAGR %	-38.93	-39.15	-14.13	4.09	20.62
Total Assets, 3 Yr. CAGR %	-38.3	-36.2	-14.92	27.55	74.04
Tangible Book Value, 3 Yr. CAGR %	58.21	-89.72	-75.67	-66.96	543.71
Common Equity, 3 Yr. CAGR %	58.22	-89.72	-75.67	-66.96	543.72
Cash From Operations, 3 Yr. CAGR %	26.12	197.57	212.09	459.81	76.07
Capital Expenditures, 3 Yr. CAGR %	8.57	-	1.39K	-	87.93
Levered Free Cash Flow, 3 Yr. CAGR %	-49.29	-19.4	133.89	-60.28	-44.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	-43.52	-19.44	122.59	-58.23	-44.49
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.99	-	-	-	301.33
Gross Profit, 5 Yr. CAGR %	21.33	-	-	-	238.43
EBITDA, 5 Yr. CAGR %	2.77	-42.95	-41.66	117.21	220.58
EBITA, 5 Yr. CAGR %	-1.16	-36.15	-34.33	49.37	96.82
EBIT, 5 Yr. CAGR %	-1.16	-36.15	-34.33	49.37	96.82
Earnings From Cont. Operations, 5 Yr. CAGR %	30.83	46.03	-50.6	45.71	98.76
Net Income, 5 Yr. CAGR %	30.83	46.03	-50.6	45.71	98.76
Normalized Net Income, 5 Yr. CAGR %	-6.25	-42.48	-33.36	45.67	96.73
Diluted EPS Before Extra, 5 Yr. CAGR %	28.1	-16.67	-69.52	-9.76	23.06
Accounts Receivable, 5 Yr. CAGR %	-46.5	-	-	100.8	329.99
Inventory, 5 Yr. CAGR %	-27.82	-52.34	-39.42	69.16	31.44
Net Property, Plant and Equip., 5 Yr. CAGR %	-25.88	-40.3	-9.85	-11.86	-16.41
Total Assets, 5 Yr. CAGR %	-25.92	-38.52	-10.32	-0.87	7.15
Tangible Book Value, 5 Yr. CAGR %	80.75	-70.18	-57.03	-47.26	-22.06
Common Equity, 5 Yr. CAGR %	80.75	-70.18	-57.04	-47.25	-22.06
Cash From Operations, 5 Yr. CAGR %	7.39	-13.25	-10.81	174.58	164.77
Capital Expenditures, 5 Yr. CAGR %	29.12	-20.82	20.76	-	324.73
Levered Free Cash Flow, 5 Yr. CAGR %	-9.59	27.72	34.44	-42.69	95.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-17.15	35.76	2.61	-40.93	95.47