Indowind Energy Ltd
Incorporated in 1995, Indowind Energy Ltd is in the business of generation and distribution of power through windmills[1]
- Market Cap ₹ 240 Cr.
- Current Price ₹ 22.4
- High / Low ₹ 33.2 / 9.60
- Stock P/E 38.4
- Book Value ₹ 21.8
- Dividend Yield 0.00 %
- ROCE 3.18 %
- ROE 2.71 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.03 times its book value
- Company has delivered good profit growth of 20.2% CAGR over last 5 years
- Debtor days have improved from 134 to 106 days.
- Company's working capital requirements have reduced from 254 days to 144 days
Cons
- Tax rate seems low
- Company has a low return on equity of 1.75% over last 3 years.
- Contingent liabilities of Rs.120 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
21.94 | 21.99 | 18.99 | 15.60 | 23.94 | 24.24 | 20.56 | 18.92 | 15.71 | 17.66 | 28.15 | 28.97 | |
9.16 | 9.36 | 9.92 | 8.21 | 9.42 | 13.54 | 14.42 | 10.59 | 6.14 | 11.12 | 14.17 | 14.50 | |
Operating Profit | 12.78 | 12.63 | 9.07 | 7.39 | 14.52 | 10.70 | 6.14 | 8.33 | 9.57 | 6.54 | 13.98 | 14.47 |
OPM % | 58.25% | 57.44% | 47.76% | 47.37% | 60.65% | 44.14% | 29.86% | 44.03% | 60.92% | 37.03% | 49.66% | 49.95% |
2.45 | 1.96 | 5.14 | 7.13 | 2.37 | -17.19 | 0.57 | 6.33 | 2.06 | 2.42 | -5.96 | 0.15 | |
Interest | 3.92 | 4.72 | 6.17 | 6.79 | 6.71 | 7.67 | 7.00 | 5.29 | 2.05 | 1.89 | 2.20 | 3.95 |
Depreciation | 8.06 | 9.57 | 7.54 | 7.55 | 13.67 | 9.50 | 9.32 | 9.31 | 9.32 | 6.92 | 6.99 | 6.99 |
Profit before tax | 3.25 | 0.30 | 0.50 | 0.18 | -3.49 | -23.66 | -9.61 | 0.06 | 0.26 | 0.15 | -1.17 | 3.68 |
Tax % | 0.62% | 66.67% | 56.00% | -305.56% | 42.69% | 11.24% | -27.68% | 16.67% | 15.38% | 13.33% | -1,547.01% | -46.47% |
3.23 | 0.10 | 0.22 | 0.73 | -1.99 | -21.01 | -12.26 | 0.05 | 0.22 | 0.12 | -19.27 | 5.38 | |
EPS in Rs | 0.26 | 0.01 | 0.02 | 0.06 | -0.16 | -1.67 | -0.98 | 0.00 | 0.02 | 0.01 | -1.80 | 0.50 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 7% |
3 Years: | 23% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 51% |
5 Years: | 20% |
3 Years: | 205% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 38% |
3 Years: | 74% |
1 Year: | 106% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 1% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 89.74 | 89.74 | 89.74 | 89.74 | 89.74 | 89.74 | 89.74 | 89.74 | 89.74 | 89.74 | 107.33 | 107.33 |
Reserves | 115.62 | 80.77 | 80.89 | 83.15 | 143.12 | 122.12 | 109.85 | 110.58 | 138.78 | 140.52 | 120.91 | 126.45 |
82.51 | 79.19 | 76.66 | 73.89 | 100.00 | 99.56 | 101.19 | 90.80 | 60.71 | 56.06 | 60.06 | 24.60 | |
97.08 | 71.94 | 70.07 | 69.94 | 5.42 | 1.22 | 0.77 | 2.74 | 1.53 | 1.00 | 21.78 | 18.29 | |
Total Liabilities | 384.95 | 321.64 | 317.36 | 316.72 | 338.28 | 312.64 | 301.55 | 293.86 | 290.76 | 287.32 | 310.08 | 276.67 |
148.40 | 156.90 | 150.79 | 194.12 | 222.85 | 193.19 | 183.45 | 174.90 | 239.81 | 160.56 | 153.70 | 147.16 | |
CWIP | 0.00 | 47.18 | 46.35 | 64.03 | 47.78 | 60.96 | 73.13 | 74.64 | 0.96 | 0.96 | 0.96 | 0.96 |
Investments | 4.51 | 4.56 | 6.96 | 9.21 | 10.76 | 11.10 | 11.10 | 11.05 | 11.14 | 1.72 | 0.72 | 9.70 |
232.04 | 113.00 | 113.26 | 49.36 | 56.89 | 47.39 | 33.87 | 33.27 | 38.85 | 124.08 | 154.70 | 118.85 | |
Total Assets | 384.95 | 321.64 | 317.36 | 316.72 | 338.28 | 312.64 | 301.55 | 293.86 | 290.76 | 287.32 | 310.08 | 276.67 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10.77 | 18.82 | 1.89 | 28.17 | 8.06 | 7.51 | 5.32 | 14.41 | 14.51 | 1.22 | -1.16 | -6.28 | |
-3.72 | -11.50 | 6.44 | -16.97 | -6.89 | 9.81 | 1.82 | -3.59 | -7.73 | 2.63 | 6.59 | -10.49 | |
-5.95 | -8.03 | -8.58 | -7.07 | -0.63 | -18.23 | -7.35 | -9.29 | -4.85 | -6.46 | 15.07 | -4.58 | |
Net Cash Flow | 1.10 | -0.71 | -0.25 | 4.12 | 0.53 | -0.92 | -0.21 | 1.52 | 1.92 | -2.61 | 20.49 | -21.34 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 99.32 | 17.59 | 83.42 | 94.99 | 153.23 | 99.23 | 89.12 | 76.20 | 158.69 | 188.49 | 107.23 | 106.34 |
Inventory Days | 39.61 | 369.45 | ||||||||||
Days Payable | 294.26 | 313.81 | ||||||||||
Cash Conversion Cycle | 99.32 | 17.59 | 83.42 | 94.99 | 153.23 | -155.42 | 89.12 | 76.20 | 158.69 | 188.49 | 107.23 | 161.98 |
Working Capital Days | 156.88 | -27.06 | 51.32 | -37.20 | 97.73 | -47.43 | -65.51 | -5.02 | 214.45 | 282.95 | 334.79 | 144.39 |
ROCE % | 2.03% | 1.87% | 2.68% | 2.89% | 0.96% | 2.46% | -0.85% | -0.10% | 0.80% | 0.72% | 2.75% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
31 May - Dear sir/Madam, PFA the letter of resignation of Company Secretary and Compliance Officer.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Dear sir/Madam, PFA the Annual Secretarial Compliance Report for the financial year ended 31.03.2024.
- AUDITED FINANCIAL RESULTS AS ON 31.03.2024 27 May
- Board Meeting Outcome for OUTCOME OF BOARD MEETING 27 May
- Board Meeting Intimation for Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended 31St March 2024 20 May
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Business Overview:[1]
IWEL is an IPP in the renewable energy field. It develops wind farms, manages wind assets, and generates Green Power for sale to utilities and corporates. Company has expertise in building Wind Power Projects, Wind Asset Management Solution for installed assets, including operations, billing, collection of revenue to project customers, Supply of Green Power to customers, Carbon Credit Sales and Trading