Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics: Which Stock Should You Track

Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics starts with the core numbers most investors compare within the electricals and solar segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the electricals and solar bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Insolation Energy, Bajel Projects and Virtuoso Optoelectronics: Company Overview

Insolation Energy is a listed Indian company in the electricals and solar space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,758 crore, a return on equity of 24.81% and a book value of Rs 36.61 per share. Its quarterly revenue moved from Rs 362.95 crore in June 2025 to Rs 745.41 crore in June 2026, a change of +105.4%.

Bajel Projects is a listed Indian company in the electricals and solar space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,809 crore, a return on equity of 3.31% and a book value of Rs 64.60 per share. Its quarterly revenue moved from Rs 616.02 crore in June 2025 to Rs 571.95 crore in June 2026, a change of -7.2%.

Virtuoso Optoelectronics is a listed Indian company in the electricals and solar space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,822 crore, a return on equity of 3.64% and a book value of Rs 145.17 per share. Its quarterly revenue moved from Rs 203.97 crore in June 2025 to Rs 376.66 crore in June 2026, a change of +84.7%.

Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics: Valuation and Profitability Snapshot

Metric	Insolation Energy	Bajel Projects	Virtuoso Optoelectronics
Market Cap (approx.)	Rs 1,758 crore	Rs 1,809 crore	Rs 1,822 crore
PE Ratio (TTM)	8.99	81.83	103.31
PB Ratio	2.18	2.42	3.67
Return on Equity (ROE)	24.81%	3.31%	3.64%
EPS (TTM, Rs)	8.87	1.91	5.15
Dividend Yield	0.00%	1.54%	0.00%
Debt to Equity	1.10	0.49	0.84
Book Value per Share (Rs)	36.61	64.60	145.17

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On valuation, Insolation Energy trades at a PE of 8.99 and a PB of 2.18, Bajel Projects at a PE of 81.83 and a PB of 2.42, while Virtuoso Optoelectronics trades at a PE of 103.31 and a PB of 3.67. On return on equity, the three post 24.81%, 3.31% and 3.64% respectively, and on dividend yield they stand at 0.00%, 1.54% and 0.00%. Virtuoso Optoelectronics has the highest market capitalisation of the three at Rs 1,822 crore, while Insolation Energy has the lowest at Rs 1,758 crore. Virtuoso Optoelectronics has the highest PE ratio of the three at 103.31, while Insolation Energy has the lowest at 8.99. Insolation Energy has the highest return on equity of the three at 24.81%, while Bajel Projects has the lowest at 3.31%. Insolation Energy has the highest debt to equity ratio of the three at 1.10, while Bajel Projects has the lowest at 0.49. Debt to equity is 1.10, 0.49 and 0.84 for the three respectively.

Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Insolation Energy	Rs 745.41 crore	Rs 38.02 crore	+105.4%	-5.9%	-11.8%
Bajel Projects	Rs 571.95 crore	Rs 4.73 crore	-7.2%	-43.6%	+59.8%
Virtuoso Optoelectronics	Rs 376.66 crore	Rs 9.05 crore	+84.7%	+18.7%	+40.7%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Insolation Energy	Bajel Projects	Virtuoso Optoelectronics
June 2025	Rs 362.95 crore	Rs 616.02 crore	Rs 203.97 crore
September 2025	Rs 425.90 crore	Rs 620.81 crore	Rs 98.59 crore
December 2025	Rs 582.29 crore	Rs 567.21 crore	Rs 206.01 crore
March 2026	Rs 792.38 crore	Rs 1,014.53 crore	Rs 317.43 crore
June 2026	Rs 745.41 crore	Rs 571.95 crore	Rs 376.66 crore

Quarterly net profit (Rs crore)

Quarter	Insolation Energy	Bajel Projects	Virtuoso Optoelectronics
June 2025	Rs 43.12 crore	Rs 2.96 crore	Rs 6.43 crore
September 2025	Rs 36.95 crore	Rs 3.60 crore	-Rs 3.88 crore
December 2025	Rs 50.72 crore	-Rs 0.42 crore	Rs 8.03 crore
March 2026	Rs 69.84 crore	Rs 14.14 crore	Rs 4.45 crore
June 2026	Rs 38.02 crore	Rs 4.73 crore	Rs 9.05 crore

Insolation Energy reported revenue of Rs 362.95 crore in June 2025 and Rs 745.41 crore in June 2026, a change of +105.4% across the period. Its highest quarterly revenue in this window was Rs 792.38 crore in March 2026. Net profit stood at Rs 38.02 crore in June 2026, which is a net profit margin of 5.10%.

Bajel Projects reported revenue of Rs 616.02 crore in June 2025 and Rs 571.95 crore in June 2026, a change of -7.2% across the period. Its highest quarterly revenue in this window was Rs 1,014.53 crore in March 2026. Net profit stood at Rs 4.73 crore in June 2026, which is a net profit margin of 0.83%. Bajel Projects reported a net loss in December 2025.

Virtuoso Optoelectronics reported revenue of Rs 203.97 crore in June 2025 and Rs 376.66 crore in June 2026, a change of +84.7% across the period. Its highest quarterly revenue in this window was Rs 376.66 crore in June 2026. Net profit stood at Rs 9.05 crore in June 2026, which is a net profit margin of 2.40%. Virtuoso Optoelectronics reported a net loss in September 2025.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three electricals and solar names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as order book size, input costs, policy support and quarterly billing swings. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Insolation Energy, Bajel Projects and Virtuoso Optoelectronics directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics highlights how differently three companies in the same electricals and solar segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Insolation Energy vs Bajel Projects vs Virtuoso Optoelectronics

What is the market cap difference between Insolation Energy, Bajel Projects and Virtuoso Optoelectronics?

Ans. As of October 2026, Insolation Energy has a market cap of approximately Rs 1,758 crore, Bajel Projects is at approximately Rs 1,809 crore, and Virtuoso Optoelectronics is at approximately Rs 1,822 crore.

What are the PE and PB ratios of Insolation Energy, Bajel Projects and Virtuoso Optoelectronics?

Ans. As of October 2026, the PE ratios stand at 8.99, 81.83 and 103.31 respectively, and the price to book ratios stand at 2.18, 2.42 and 3.67 respectively.

Which of the three has the highest ROE?

Ans. Insolation Energy, Bajel Projects and Virtuoso Optoelectronics post ROE of 24.81%, 3.31% and 3.64% respectively as of October 2026. Insolation Energy has the highest return on equity of the three at 24.81%, while Bajel Projects has the lowest at 3.31%.

Which of these three stocks pays the highest dividend yield?

Ans. Insolation Energy, Bajel Projects and Virtuoso Optoelectronics carry dividend yields of 0.00%, 1.54% and 0.00% respectively.

What is the debt to equity ratio for Insolation Energy, Bajel Projects and Virtuoso Optoelectronics?

Ans. Insolation Energy carries a debt to equity of 1.10, Bajel Projects of 0.49, and Virtuoso Optoelectronics of 0.84.

What were the latest quarterly revenue and net profit of Insolation Energy, Bajel Projects and Virtuoso Optoelectronics?

Ans. For Q1 FY27 (quarter ended June 2026), Insolation Energy reported revenue of Rs 745.41 crore and net profit of Rs 38.02 crore, Bajel Projects reported revenue of Rs 571.95 crore and net profit of Rs 4.73 crore, and Virtuoso Optoelectronics reported revenue of Rs 376.66 crore and net profit of Rs 9.05 crore.

Does this comparison recommend one of Insolation Energy, Bajel Projects and Virtuoso Optoelectronics?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.