CompanyGraph
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
- Earnings significantly exceed cash generation
At a glance
- Depends onMidstream position: 6 outgoing, 5 incoming connections
- ScaleMarket cap is $7.95B, above the global median of $1.18B
- PositionReturn on equity is 24.7%, higher than 95% of its Solar peers (median -5.5%)
- Interpretations6 currently firing — 6
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
0.15%
Annual Rate
INR 4.00Paid unknown
Payout Ratio
1.5%Sustainable
Last Ex-Dividend
Oct 24, 2025
The reported statements, read against the company's own industry.
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
757.96BINR7.95B · vs all stocks (USD)
Trailing P/E
20.20xvs Solar peers
Revenue (TTM)
300.43BINR3.15B · vs all stocks (USD)
Profit Margin
12.70%vs Solar peers
52-Week Change
-19.30%vs all stocks
Forward Annual Dividend Yield
0.15%vs all stocks
Market Capitalization
757.96BINR7.95B · vs all stocks (USD)
Enterprise Value
727.62BINR7.63B · vs all stocks (USD)
Trailing P/E
20.20xvs Solar peers
Forward P/E
16.05xvs Solar peers
PEG Ratio
0.5473xPrice to Sales (TTM)
2.54xvs Solar peers
Price to Book (MRQ)
5.29xvs Solar peers
Enterprise to Revenue
2.42xvs Solar peers
Enterprise to EBITDA
11.44xvs Solar peers
Gross Margin
25.83%vs Solar peers
Profit Margin
12.70%vs Solar peers
Operating Margin
13.99%vs Solar peers
Return on Assets (TTM)
12.32%vs Solar peers
Return on Equity (TTM)
24.72%vs Solar peers
Revenue (TTM)
300.43BINR3.15B · vs all stocks (USD)
Revenue per Share (TTM)
1.04KINRUpdated Aug 26, 2026Quarterly Revenue Growth
79.20%vs Solar peers
Gross Profit (TTM)
90.80BINR952.27M · vs all stocks (USD)
EBITDA (TTM)
66.60BINR698.46M · vs all stocks (USD)
Net Income (TTM)
38.16BINR400.22M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
14.10%vs Solar peers
Operating Cash Flow (TTM)
16.27BINR170.62M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
37.11BINR389.20M · vs all stocks (USD)
Forward Annual Dividend Rate
4.00INRUpdated Aug 26, 2026Forward Annual Dividend Yield
0.15%vs all stocks
Trailing Annual Dividend Rate
0.00INRUpdated Aug 26, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
1.51%vs Solar peers
Minority Interest (Equity)
5.74BINRFY2026 · Mar 31, 2026Revenue
265.37BINRFY2026 · Mar 31, 2026Cost of Goods Sold
180.81BINRFY2026 · Mar 31, 2026Gross Profit
84.56BINRFY2026 · Mar 31, 2026Operating Income
49.19BINR515.85M · vs all stocks (USD)
Pre-tax Income
50.52BINRFY2026 · Mar 31, 2026Income Tax Expense
11.68BINRFY2026 · Mar 31, 2026Net Income
38.84BINRFY2026 · Mar 31, 2026EBIT
53.32BINRFY2026 · Mar 31, 2026EBITDA (Income Statement)
66.17BINRFY2026 · Mar 31, 2026Selling, General & Administrative
19.48BINRFY2026 · Mar 31, 2026Non-operating Interest Expense
2.81BINRFY2026 · Mar 31, 2026EPS (Basic)
129.10INRFY2026 · Mar 31, 2026EPS (Diluted)
128.84INRFY2026 · Mar 31, 2026Basic Shares Outstanding
287.47MSharesFY2026 · Mar 31, 2026Diluted Shares Outstanding
287.47MSharesFY2026 · Mar 31, 2026Minority Interests (P&L)
-1.73BINRFY2026 · Mar 31, 2026Preferred Stock Dividends
0.00INRFY2026 · Mar 31, 2026Operating Cash Flow
3.84BINRFY2026 · Mar 31, 2026Free Cash Flow
-44.51BINRFY2026 · Mar 31, 2026Cash & Cash Equivalents (End of Period)
7.74BINRFY2026 · Mar 31, 2026Starting Profit (CF Statement)
50.52BINRFY2026 · Mar 31, 2026Stock-based Compensation
146.90MINRFY2026 · Mar 31, 2026Other Non-cash Items
-3.44BINRFY2026 · Mar 31, 2026Change in Accounts Receivable (CF)
-14.25BINRFY2026 · Mar 31, 2026Change in Other Assets/Liabilities
-29.12BINRFY2026 · Mar 31, 2026Capital Expenditures
-48.35BINRFY2026 · Mar 31, 2026Purchase of Investments
-156.54BINRFY2026 · Mar 31, 2026Sale of Investments
159.83BINRFY2026 · Mar 31, 2026Net Investing Cash Flow
-45.07BINRFY2026 · Mar 31, 2026Long-term Debt Issuance
76.69BINRFY2026 · Mar 31, 2026Long-term Debt Payments
-61.16BINRFY2026 · Mar 31, 2026Common Dividends Paid
-575.30MINRFY2026 · Mar 31, 2026Net Financing Cash Flow
30.35BINRFY2026 · Mar 31, 2026Shares Outstanding
287.65MSharesUpdated Aug 26, 2026Float Shares
83.05MSharesUpdated Aug 26, 2026% Held by Insiders
68.15%vs all stocks
% Held by Institutions
8.61%vs all stocks
Total Cash (MRQ)
73.89BINR774.87M · vs all stocks (USD)
Total Cash per Share (MRQ)
256.89INRUpdated Aug 26, 2026Total Debt (MRQ)
32.13BINR336.91M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.2140xvs Solar peers
Current Ratio (MRQ)
1.38xvs Solar peers
Book Value per Share (MRQ)
502.20INRUpdated Aug 26, 2026Total Assets
301.15BINR3.16B · vs all stocks (USD)
Total Current Assets
175.77BINRFY2026 · Mar 31, 2026Total Liabilities
151.04BINRFY2026 · Mar 31, 2026Total Non-current Assets
125.38BINRFY2026 · Mar 31, 2026Total Non-current Liabilities
23.97BINRFY2026 · Mar 31, 2026Total Current Liabilities
127.08BINRFY2026 · Mar 31, 2026Cash & Cash Equivalents
7.74BINRFY2026 · Mar 31, 2026Other Short-term Investments
73.32BINRFY2026 · Mar 31, 2026Accounts Receivable
24.92BINRFY2026 · Mar 31, 2026Inventory
58.56BINRFY2026 · Mar 31, 2026Accounts Payable
31.08BINRFY2026 · Mar 31, 2026Short-term Debt
22.31BINRFY2026 · Mar 31, 2026Other Current Liabilities
56.32BINRFY2026 · Mar 31, 2026Long-term Debt
14.61BINRFY2026 · Mar 31, 2026Other Non-current Liabilities
5.51BINRFY2026 · Mar 31, 2026Common Stock (Book)
2.88BINRFY2026 · Mar 31, 2026Total Shareholders' Equity
150.11BINR1.57B · vs all stocks (USD)
52-Week Low
2.40KINRUpdated Aug 26, 202652-Week High
3.87KINRUpdated Aug 26, 202652-Week Change
-19.30%vs all stocks
50-Day MA
2.80KINRUpdated Aug 26, 2026200-Day MA
2.95KINRUpdated Aug 26, 2026Avg 10-Day Volume
430.59KSharesUpdated Aug 26, 2026Avg 30-Day Volume
749.68KSharesUpdated Aug 26, 2026Diluted EPS (TTM)
131.42INRUpdated Aug 26, 20266 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Industry-Benchmarked ROA and Margin Elevated
Returns and margins have sat in the top of its industry across five years.
Reads
Industry-Benchmarked Return on Capital Elevated
It earns more on its assets and its equity than its industry, and gets more sales from those assets.
Reads
Operating Income Growing With Multi-Year Revenue Growth
Revenue up in each of five years, with operating income up in each of four.
Reads
ROE, ROA, And Operating ROA Elevated
It earns more on its equity than its industry does, and on its assets too — not on borrowing alone.
Reads
Is this company growing?
Multi-Year Revenue And Profit Growth
Revenue and earnings have both grown steadily across six years.
Reads
Multi-Year Revenue, Profit, And Income Growth
Revenue has risen in each of three years, gross profit in each of four, and it has made a profit in all five.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Return on equity is 24.7%, higher than 95% of its Solar peers (median -5.5%)Significant
Return on equity: 0.25Industry median: -0.06Industry P95: 0.25Peers compared: 26.00
Return on assets is 12.3%, higher than 95% of its Solar peers (median -1.9%)Significant
Return on assets: 0.12Industry median: -0.02Industry P95: 0.12Peers compared: 26.00
Structural Tensions
Revenue is growing, but receivables have grown faster over the last six to eight yearsSignificant
Revenue Growth YoY: 0.79Receivables vs revenue divergence: 7.41
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 400,217,499.877Operating Cash Flow (USD, TTM): 170,618,246.5
Financial Health
Altman Z-Score 4.67: safe zoneNotable
Altman Z-Score: 4.67
Consistent revenue growth patternNotable
Growth Consistency Score: 0.52
Supply Chain
Midstream position: 6 outgoing, 5 incoming connectionsNotable
Outgoing: 6.00Incoming: 5.00
High connectivity hub: 11 industry connectionsNotable
Total Connections: 11.00
Scale
Market cap is $7.95B, above the global median of $1.18BNotable
Market cap (USD): 7,948,739,814.632Global Median: 1,179,398,897.704
Revenue is $3.15B, above the global median of $534.05MNotable
Revenue (USD): 3,150,581,233.025Global Median: 534,052,387.958
Levered free cash flow is $389.2M, above the global median of $19.23MNotable
Levered free cash flow (USD): 389,204,031Global Median: 19,234,564.734
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Companies that share active interpretations — structural patterns currently present in both stocks.
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