Indowind Energy Ltd

Indowind Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indowind Energy Ltd

₹ 17.1 -1.04%
09 Sep 4:01 p.m.
indowind.com BSE: 532894 NSE: INDOWIND
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

Website BSE NSE
  • Market Cap ₹ 220 Cr.
  • Current Price ₹ 17.1
  • High / Low ₹ 28.1 / 14.2
  • Stock P/E 113
  • Book Value ₹ 21.6
  • Dividend Yield 0.00 %
  • ROCE 1.88 %
  • ROE 0.49 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.79 times its book value
  • Debtor days have improved from 74.8 to 59.0 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Company has a low return on equity of 1.98% over last 3 years.
  • Company's cost of borrowing seems high
  • Working capital days have increased from -22.7 days to 248 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
7.74 14.60 7.10 4.51 7.63 17.91 9.73 4.44 7.35 13.34 7.94 4.80 11.54
3.24 6.24 6.22 4.27 1.82 7.64 9.00 5.39 4.45 4.35 7.18 6.92 6.34
Operating Profit 4.50 8.36 0.88 0.24 5.81 10.27 0.73 -0.95 2.90 8.99 0.76 -2.12 5.20
OPM % 58.14% 57.26% 12.39% 5.32% 76.15% 57.34% 7.50% -21.40% 39.46% 67.39% 9.57% -44.17% 45.06%
0.10 0.10 0.47 -6.62 -1.01 0.05 0.30 1.74 0.02 0.11 0.34 1.83 0.01
Interest 0.42 0.43 0.92 0.43 1.31 1.87 0.66 0.44 0.43 0.56 0.42 0.53 0.27
Depreciation 2.48 4.11 0.37 0.03 2.06 4.43 0.30 0.32 1.04 4.51 0.74 1.09 2.42
Profit before tax 1.70 3.92 0.06 -6.84 1.43 4.02 0.07 0.03 1.45 4.03 -0.06 -1.91 2.52
Tax % 0.00% 1.28% 0.00% 264.62% -22.38% -23.13% 200.00% -2,000.00% -16.55% -9.43% 0.00% 149.74% -2.38%
1.70 3.86 0.06 -24.93 1.75 4.96 -0.07 0.63 1.69 4.42 -0.07 -4.77 2.57
EPS in Rs 0.11 0.26 0.01 -1.93 0.12 0.39 0.01 0.05 0.12 0.34 0.00 -0.37 0.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
23.40 20.05 16.88 26.02 26.16 21.97 20.66 17.96 24.56 33.96 39.71 33.51 37.62
10.75 10.97 9.48 11.49 15.45 15.82 12.32 8.39 18.02 19.97 23.87 22.96 24.79
Operating Profit 12.65 9.08 7.40 14.53 10.71 6.15 8.34 9.57 6.54 13.99 15.84 10.55 12.83
OPM % 54.06% 45.29% 43.84% 55.84% 40.94% 27.99% 40.37% 53.29% 26.63% 41.20% 39.89% 31.48% 34.10%
1.96 5.14 7.13 2.37 -17.19 0.57 6.33 2.06 2.42 -5.96 1.09 2.30 2.29
Interest 4.72 6.17 6.79 6.71 7.67 7.00 5.29 2.05 1.89 2.20 4.27 1.95 1.78
Depreciation 9.57 7.54 7.55 13.67 9.50 9.32 9.31 9.32 6.92 6.99 7.10 7.39 8.76
Profit before tax 0.32 0.51 0.19 -3.48 -23.65 -9.60 0.07 0.26 0.15 -1.16 5.56 3.51 4.58
Tax % 62.50% 54.90% -284.21% -42.82% -11.25% 27.71% 14.29% 15.38% 13.33% 1,560.34% -30.76% 63.82%
0.11 0.23 0.77 -1.99 -20.98 -12.26 0.06 0.22 0.13 -19.26 7.27 1.26 2.15
EPS in Rs 0.01 0.02 0.05 -0.13 -1.39 -0.81 0.00 0.01 0.01 -1.50 0.56 0.10 0.15
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: 5%
5 Years: 10%
3 Years: 11%
TTM: -5%
Compounded Profit Growth
10 Years: 19%
5 Years: 17%
3 Years: 103%
TTM: -74%
Stock Price CAGR
10 Years: 18%
5 Years: 45%
3 Years: 7%
1 Year: -29%
Return on Equity
10 Years: 0%
5 Years: 1%
3 Years: 2%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 89.74 89.74 89.74 89.74 89.74 89.74 89.74 89.74 89.74 107.33 107.33 128.80
Reserves 80.80 80.92 83.22 143.90 122.87 110.62 110.68 139.51 140.59 122.77 129.83 150.10
79.19 76.66 73.89 100.00 99.56 101.19 90.80 60.72 56.06 60.06 55.19 6.97
72.27 70.41 70.45 5.53 1.56 0.78 2.54 1.54 1.68 23.12 20.02 19.53
Total Liabilities 322.00 317.73 317.30 339.17 313.73 302.33 293.76 291.51 288.07 313.28 312.37 305.40
161.57 155.57 199.88 228.60 198.94 189.20 180.73 245.57 166.31 159.45 235.79 248.47
CWIP 47.18 46.35 64.03 47.78 60.96 68.57 73.88 0.96 0.96 0.96 0.96 0.96
Investments 3.72 6.12 8.41 10.15 10.46 10.46 10.41 10.46 1.04 0.04 0.04 0.04
109.53 109.69 44.98 52.64 43.37 34.10 28.74 34.52 119.76 152.83 75.58 55.93
Total Assets 322.00 317.73 317.30 339.17 313.73 302.33 293.76 291.51 288.07 313.28 312.37 305.40

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
19.50 1.88 1.82 7.96 7.47 5.33 9.77 6.04 1.41 0.32 -8.05 -9.17
-12.21 6.33 10.46 -6.68 9.80 1.81 0.97 0.92 2.63 4.78 43.96 -22.50
-8.00 -8.58 -8.58 -0.63 -18.23 -7.35 -9.29 -4.85 -6.46 15.07 -56.49 32.90
Net Cash Flow -0.71 -0.36 3.71 0.64 -0.96 -0.21 1.44 2.11 -2.42 20.17 -20.58 1.24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 26.83 99.40 101.20 89.22 84.13 96.03 83.03 103.85 119.78 88.13 77.21 59.04
Inventory Days
Days Payable
Cash Conversion Cycle 26.83 99.40 101.20 89.22 84.13 96.03 83.03 103.85 119.78 88.13 77.21 59.04
Working Capital Days -5.93 73.36 -19.24 40.40 -32.23 28.58 16.78 139.42 -445.70 -272.57 -43.66 248.23
ROCE % 1.87% 2.68% 2.89% 0.96% 2.45% -0.85% -0.09% 0.79% 0.71% 2.73% 3.41% 1.88%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
44.76% 44.76% 47.03% 47.03% 50.76% 50.76% 50.76% 50.76% 47.17% 47.16% 47.16% 47.16%
0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.24% 0.01% 0.03% 0.02% 0.01%
4.46% 4.46% 3.73% 3.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50.78% 50.78% 49.24% 49.24% 49.21% 49.24% 49.24% 49.00% 52.84% 52.82% 52.82% 52.84%
No. of Shareholders 70,03665,39665,98365,98368,05971,63579,55886,4171,02,1851,09,0781,14,6721,12,481

* 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.

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