Synopsis: With a 3-year compounded return of 112 percent, this stock has now received in-principle approval to migrate from the SME platform to the NSE Mainboard. The company’s stock surged by 5 percent after this announcement.
A small-cap power stock that specializes in solar energy solutions, offering EPC services and grid-connected rooftop solar projects across residential, commercial, and industrial sectors, saw its shares under focus upon receiving in-principle approval from NSE to migrate from the BSE SME platform to the Mainboard.
With a market cap of more than Rs 2,700 Cr, Insolation Energy Ltd saw its stock hit an intraday high of Rs 125, which is 5 percent higher than the previous close of Rs 119. The company stock has given a compounded return of 112 percent in the last three years.
Insolation Energy Limited received in-principle approval from the National Stock Exchange of India (NSE) on February 19, 2026, to migrate from the BSE SME Platform to NSE Main Board. Migration involves 220,394,625 equity shares, each valued at Rs 1.
Earlier, the company received in-principle approval from BSE Limited on January 23, 2026, to migrate its equity shares from the BSE SME Platform to the Mainboard, and now the company is completing the final listing formalities as prescribed by NSE before the stock starts trading on the Mainboard.
Insolation Energy Limited is a leading provider of solar energy solutions in India, specializing in grid-connected rooftop solar projects. The company focuses on delivering high-quality, reliable solar modules and EPC services, supporting government initiatives and private clients to accelerate clean energy adoption across residential, commercial, and industrial sectors efficiently.
The company has been a trusted partner for multiple key government projects and schemes, supplying solar modules to major entities, including NTPC, NHPC, PM SURYA GHAR YOJANA, North Western Railway, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited.
In the latest quarter Insolation Energy Ltd saw a YoY revenue growth of 77 percent, going from Rs 325 Cr in Q3FY25 to Rs 575 Cr in Q3FY26, while the QoQ went up by 39 percent from Rs 415 Cr in Q2FY26. The YoY Net Profits growth is at 168 percent, going from Rs 19 Cr in Q3FY25 to Rs 51 Cr in Q3FY26, while the QoQ growth stood at 38 percent from Rs 37 Cr in Q2FY26.
The company has a 3 year sales CAGR of 84 percent, while the TTM is at 40 percent. The company’s 3 year profit CAGR is at 163 percent, while the TTM number is at 43 percent. The company also has a ROCE of 35 percent and ROE is also at 35 percent. Additionally, in Q3FY26, the company also saw its margins grow by 510 bps on YoY basis to the current EBITDA margin of 14.2 percent
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