Inox Green Energy Services Ltd
Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL"), and part of the Inox GFL group of companies.[1]
- Market Cap ₹ 4,138 Cr.
- Current Price ₹ 141
- High / Low ₹ 158 / 44.2
- Stock P/E 139
- Book Value ₹ 45.8
- Dividend Yield 0.00 %
- ROCE 3.62 %
- ROE 2.41 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 20.8% CAGR over last 5 years
Cons
- Stock is trading at 3.08 times its book value
- The company has delivered a poor sales growth of 6.41% over past five years.
- Company has a low return on equity of -3.85% over last 3 years.
- Earnings include an other income of Rs.34.8 Cr.
- Company has high debtors of 213 days.
- Working capital days have increased from 353 days to 666 days
* 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: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
368 | 164 | 165 | 172 | 172 | 254 | 224 | |
352 | 82 | 77 | 109 | 90 | 197 | 149 | |
Operating Profit | 15 | 82 | 88 | 63 | 82 | 57 | 75 |
OPM % | 4% | 50% | 53% | 37% | 48% | 23% | 33% |
-14 | -68 | -47 | -112 | -70 | 40 | 35 | |
Interest | 65 | 30 | 53 | 61 | 55 | 71 | 25 |
Depreciation | 17 | 27 | 40 | 49 | 50 | 65 | 53 |
Profit before tax | -80 | -43 | -51 | -158 | -93 | -39 | 31 |
Tax % | 29% | -23% | -2% | 3% | -0% | 48% | 12% |
-57 | -53 | -52 | -154 | -93 | -20 | 28 | |
EPS in Rs | -11,328.00 | -9.13 | -4.52 | -11.94 | -3.97 | -0.66 | 0.95 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 9% |
TTM: | -12% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 30% |
TTM: | 181% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 213% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -11% |
3 Years: | -4% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0 | 57 | 116 | 129 | 235 | 292 | 294 |
Reserves | 2 | -8 | -20 | -86 | 572 | 835 | 1,051 |
956 | 1,154 | 1,085 | 1,411 | 904 | 595 | 174 | |
551 | 698 | 1,158 | 1,239 | 410 | 433 | 564 | |
Total Liabilities | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,155 | 2,083 |
500 | 512 | 776 | 765 | 953 | 1,095 | 755 | |
CWIP | 10 | 59 | 26 | 251 | 133 | 7 | 7 |
Investments | 0 | 71 | 72 | 33 | 33 | 0 | 0 |
999 | 1,260 | 1,465 | 1,645 | 1,002 | 1,052 | 1,320 | |
Total Assets | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,155 | 2,083 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
65 | -41 | 362 | 49 | 141 | -26 | -8 | |
-168 | -170 | -306 | -105 | -153 | -5 | -63 | |
82 | 195 | -52 | 174 | -63 | -10 | 79 | |
Net Cash Flow | -21 | -17 | 3 | 117 | -76 | -42 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 242 | 410 | 552 | 473 | 144 | 133 | 213 |
Inventory Days | 1,891 | 540 | 215 | ||||
Days Payable | 2,200 | 2,029 | 758 | ||||
Cash Conversion Cycle | -67 | 410 | 552 | 473 | -1,344 | -409 | 213 |
Working Capital Days | -55 | 610 | -404 | -549 | 135 | 257 | 666 |
ROCE % | 5% | 4% | 2% | 3% | 1% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19h - Audio recording of Conference Call with Investors/Analyst on 03rd May, 2024
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Re-appointment of Shri Mukesh Manglik as a Whole-time Director of the Company for further period of one year w.e.f. 19th May, 2024
- Audited Financial Result For The Financial Year Ended On 31St March, 2024 1d
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
- Board Meeting Outcome for Outcome Of Board Meeting Held On 3Rd May, 2024 1d
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Jul 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Dec 2022TranscriptNotesPPT
Business Area[1] The company provides long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (“WTGs”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. They have stable annual income owing to the long-term O&M contracts that they enter into with their customers.