Indowind Energy Ltd

Indowind Energy Ltd

₹ 19.7 -0.25%
28 Mar - close price
About

Incorporated in 1995, Indowind Energy Ltd is in the business of generation and distribution of power through windmills[1]

Key Points

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

  • Market Cap 209 Cr.
  • Current Price 19.7
  • High / Low 33.2 / 8.70
  • Stock P/E
  • Book Value 21.8
  • Dividend Yield 0.00 %
  • ROCE 2.75 %
  • ROE 2.48 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.90 times its book value
  • Debtor days have improved from 151 to 107 days.

Cons

  • The company has delivered a poor sales growth of 3.04% over past five years.
  • Company has a low return on equity of 0.90% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4.53 1.70 3.62 8.56 3.35 2.13 6.96 12.32 5.18 3.70 4.87 12.32 7.12
3.62 1.39 0.52 3.29 2.59 4.74 2.63 4.07 4.14 3.36 -0.01 4.07 7.27
Operating Profit 0.91 0.31 3.10 5.27 0.76 -2.61 4.33 8.25 1.04 0.34 4.88 8.25 -0.15
OPM % 20.09% 18.24% 85.64% 61.57% 22.69% -122.54% 62.21% 66.96% 20.08% 9.19% 100.21% 66.96% -2.11%
0.10 1.84 0.04 0.04 0.01 2.35 0.10 0.10 0.47 -6.62 -1.01 0.10 0.02
Interest -1.11 0.52 0.48 0.52 0.35 0.54 0.42 0.43 0.92 0.43 1.16 0.43 0.64
Depreciation 1.47 1.05 1.97 4.34 0.41 0.20 2.48 4.11 0.37 0.03 2.03 4.11 0.27
Profit before tax 0.65 0.58 0.69 0.45 0.01 -1.00 1.53 3.81 0.22 -6.74 0.68 3.81 -1.04
Tax % 0.00% 6.90% 0.00% 0.00% 0.00% -2.00% 0.00% 0.00% 0.00% -268.55% -47.06% 0.00% -13.46%
0.65 0.54 0.69 0.46 0.00 -1.03 1.53 3.81 0.23 -24.83 1.00 3.81 -1.18
EPS in Rs 0.05 0.04 0.05 0.04 0.00 -0.08 0.12 0.30 0.02 -2.31 0.09 0.35 -0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
29 22 22 19 16 24 24 21 19 16 18 28 28
15 9 9 10 8 9 14 14 11 6 11 14 15
Operating Profit 14 13 13 9 7 15 11 6 8 10 7 14 13
OPM % 47% 58% 57% 48% 47% 61% 44% 30% 44% 61% 37% 50% 48%
3 2 2 5 7 2 -17 1 6 2 2 -6 -8
Interest 5 4 5 6 7 7 8 7 5 2 2 2 3
Depreciation 8 8 10 8 8 14 10 9 9 9 7 7 6
Profit before tax 4 3 0 0 0 -3 -24 -10 0 0 0 -1 -3
Tax % -12% 1% 67% 56% -306% 43% 11% -28% 17% 15% 13% -1,547%
4 3 0 0 1 -2 -21 -12 0 0 0 -19 -21
EPS in Rs 0.33 0.26 0.01 0.02 0.06 -0.16 -1.67 -0.98 0.00 0.02 0.01 -1.80 -1.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 14%
TTM: 5%
Compounded Profit Growth
10 Years: 6%
5 Years: 14%
3 Years: 44%
TTM: -791%
Stock Price CAGR
10 Years: 20%
5 Years: 31%
3 Years: 73%
1 Year: 124%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: 1%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 90 90 90 90 90 90 90 90 90 90 90 107 107
Reserves 125 116 81 81 83 143 122 110 111 139 141 121 127
205 83 79 77 74 100 100 101 91 61 56 60 31
9 97 72 70 70 5 1 1 3 2 1 22 22
Total Liabilities 428 385 322 317 317 338 313 302 294 291 287 310 287
155 148 157 151 194 223 193 183 175 240 161 154 147
CWIP 0 0 47 46 64 48 61 73 75 1 1 1 1
Investments 4 5 5 7 9 11 11 11 11 11 2 1 9
269 232 113 113 49 57 47 34 33 39 124 155 129
Total Assets 428 385 322 317 317 338 313 302 294 291 287 310 287

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
37 11 19 2 28 8 8 5 14 15 1 -1
-16 -4 -12 6 -17 -7 10 2 -4 -8 3 7
-21 -6 -8 -9 -7 -1 -18 -7 -9 -5 -6 15
Net Cash Flow 0 1 -1 -0 4 1 -1 -0 2 2 -3 20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 144 99 18 83 95 153 99 89 76 159 188 107
Inventory Days 40
Days Payable 294
Cash Conversion Cycle 144 99 18 83 95 153 -155 89 76 159 188 107
Working Capital Days -1,352 157 -27 51 -37 98 -47 -66 -5 214 283 335
ROCE % 2% 2% 2% 3% 3% 1% 2% -1% -0% 1% 1% 3%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
47.93% 47.93% 45.87% 45.87% 45.87% 45.87% 44.76% 44.76% 47.03% 47.03% 50.76% 50.76%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00%
0.00% 0.00% 4.46% 4.46% 4.46% 4.46% 4.46% 4.46% 3.73% 3.73% 0.00% 0.00%
52.07% 52.07% 49.68% 49.68% 49.68% 49.68% 50.78% 50.78% 49.24% 49.24% 49.21% 49.24%
No. of Shareholders 30,75334,32637,49654,43465,31168,73870,03665,39665,98365,98368,05971,635

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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