₹89.9
+0.33% today
· 30d -19.98%
as of 2026-09-04
Price · Daily Candles
“INA powers up with 59% revenue surge, but free cash flow remains a drag.”
INA, a player in the Solar industry, delivered a strong annual performance ending March 2026, with revenue up +59.79% and net profit soaring +58.98% YoY to ₹2146 Cr and ₹201 Cr respectively. Despite this growth, fundamental concerns persist, notably a negative free cash flow of -₹521 Cr, equating to a -17.64% FCF yield, and a weak ML rank for FCF growth (0.04).
BULL CASE
+Annual revenue grew a robust +59.79% YoY to ₹2146 Cr in the period ending March 2026.
+Net profit recorded a significant +58.98% YoY increase, reaching ₹201 Cr for the period ending March 2026.
+The company's P/E ratio stands at 16.66, notably lower than the sector average, suggesting a potentially attractive valuation relative to peers like WAAREEENER (23.93) and PREMIERENE (48.97).
+ML predictions indicate strong sales growth, with a rank of 0.671 for sales_1y_recent_2y and 0.816 for sales_1y_rolling_4y.
BEAR CASE
−The company is free cash flow negative, with a current FCF of -₹521 Cr, resulting in a -17.64% FCF yield.
−ML predictions for free cash flow growth are weak, with a rank of 0.04 for fcf_1y_recent_2y.
−The stock has seen an 8.35% price drop in the last day and is trading 16.75% below its 52-week high of ₹161.81.
−DII shareholding decreased by -0.07% QoQ in the quarter ending March 2026.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹741 Cr
NET PROFIT
₹38 Cr
OPM
10.31%
EPS
₹1.73
PE 16.66
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-26.4% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
INA's TTM P/E of 16.66 positions it below sector leaders like PREMIERENE (P/E 48.97, ROCE 47.2%) and VIKRAMSOLR (P/E 51.78, ROCE 36.81%), suggesting relative value in the Solar industry.
PEERPEROCE %
INA16.66—
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ML Forward Growth Predictions 🔒
55
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
—
—
Valuation
CHEAP
75
Growth
STRONG
87
Profitability
DECENT
55
Technicals
BEARISH
28
Risk
ELEVATED
30
Key Stats
TTM PE
16.66
P/B
4.3
52W HIGH
₹161.81
OFF HIGH
-44.44%
MKT CAP
₹1972 Cr
◉ Active Signals
MACDNeutral0.0718
RSI(14)Bullish28.09
⧉ Strategy Fit 🔒