Indowind Energy Ltd
Incorporated in 1995, Indowind Energy Ltd is in the business of generation and distribution of power through windmills[1]
- Market Cap ₹ 302 Cr.
- Current Price ₹ 23.6
- High / Low ₹ 32.7 / 18.2
- Stock P/E 45.8
- Book Value ₹ 22.6
- Dividend Yield 0.00 %
- ROCE 3.41 %
- ROE 3.15 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.04 times its book value
- Company has delivered good profit growth of 21.1% CAGR over last 5 years
- Company's working capital requirements have reduced from 207 days to 120 days
Cons
- Promoter holding has decreased over last quarter: -3.60%
- Tax rate seems low
- Company has a low return on equity of 1.90% over last 3 years.
- Company's cost of borrowing seems high
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
23.38 | 23.40 | 20.05 | 16.88 | 26.02 | 26.16 | 21.97 | 20.66 | 17.96 | 24.56 | 33.96 | 39.71 | 32.97 | |
10.56 | 10.75 | 10.97 | 9.48 | 11.49 | 15.45 | 15.82 | 12.32 | 8.39 | 18.02 | 19.97 | 23.87 | 21.30 | |
Operating Profit | 12.82 | 12.65 | 9.08 | 7.40 | 14.53 | 10.71 | 6.15 | 8.34 | 9.57 | 6.54 | 13.99 | 15.84 | 11.67 |
OPM % | 54.83% | 54.06% | 45.29% | 43.84% | 55.84% | 40.94% | 27.99% | 40.37% | 53.29% | 26.63% | 41.20% | 39.89% | 35.40% |
2.45 | 1.96 | 5.14 | 7.13 | 2.37 | -17.19 | 0.57 | 6.33 | 2.06 | 2.42 | -5.96 | 1.09 | 2.17 | |
Interest | 3.92 | 4.72 | 6.17 | 6.79 | 6.71 | 7.67 | 7.00 | 5.29 | 2.05 | 1.89 | 2.20 | 4.27 | 2.09 |
Depreciation | 8.06 | 9.57 | 7.54 | 7.55 | 13.67 | 9.50 | 9.32 | 9.31 | 9.32 | 6.92 | 6.99 | 7.10 | 6.17 |
Profit before tax | 3.29 | 0.32 | 0.51 | 0.19 | -3.48 | -23.65 | -9.60 | 0.07 | 0.26 | 0.15 | -1.16 | 5.56 | 5.58 |
Tax % | 0.91% | 62.50% | 54.90% | -284.21% | -42.82% | -11.25% | 27.71% | 14.29% | 15.38% | 13.33% | 1,560.34% | -30.76% | |
3.25 | 0.11 | 0.23 | 0.77 | -1.99 | -20.98 | -12.26 | 0.06 | 0.22 | 0.13 | -19.26 | 7.27 | 6.67 | |
EPS in Rs | 0.22 | 0.01 | 0.02 | 0.05 | -0.13 | -1.39 | -0.81 | 0.00 | 0.01 | 0.01 | -1.50 | 0.56 | 0.52 |
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: | 13% |
3 Years: | 30% |
TTM: | -11% |
Compounded Profit Growth | |
---|---|
10 Years: | 52% |
5 Years: | 21% |
3 Years: | 222% |
TTM: | 123% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 55% |
3 Years: | 0% |
1 Year: | 5% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 1% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 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 | 128.80 |
Reserves | 115.64 | 80.80 | 80.92 | 83.22 | 143.90 | 122.87 | 110.62 | 110.68 | 139.51 | 140.59 | 122.77 | 129.83 | 162.08 |
82.51 | 79.19 | 76.66 | 73.89 | 100.00 | 99.56 | 101.19 | 90.80 | 60.72 | 56.06 | 60.06 | 55.19 | 19.28 | |
97.45 | 72.27 | 70.41 | 70.45 | 5.53 | 1.56 | 0.78 | 2.54 | 1.54 | 1.68 | 23.12 | 20.02 | 18.47 | |
Total Liabilities | 385.34 | 322.00 | 317.73 | 317.30 | 339.17 | 313.73 | 302.33 | 293.76 | 291.51 | 288.07 | 313.28 | 312.37 | 328.63 |
152.30 | 161.57 | 155.57 | 199.88 | 228.60 | 198.94 | 189.20 | 180.73 | 245.57 | 166.31 | 159.45 | 235.79 | 229.50 | |
CWIP | 0.00 | 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 | 3.72 | 6.12 | 8.41 | 10.15 | 10.46 | 10.46 | 10.41 | 10.46 | 1.04 | 0.04 | 0.04 | 0.04 |
229.32 | 109.53 | 109.69 | 44.98 | 52.64 | 43.37 | 34.10 | 28.74 | 34.52 | 119.76 | 152.83 | 75.58 | 98.13 | |
Total Assets | 385.34 | 322.00 | 317.73 | 317.30 | 339.17 | 313.73 | 302.33 | 293.76 | 291.51 | 288.07 | 313.28 | 312.37 | 328.63 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11.48 | 19.50 | 1.88 | 1.82 | 7.96 | 7.47 | 5.33 | 9.77 | 6.04 | 1.41 | 0.32 | -8.05 | |
-4.28 | -12.21 | 6.33 | 10.46 | -6.68 | 9.80 | 1.81 | 0.97 | 0.92 | 2.63 | 4.78 | 43.96 | |
-5.92 | -8.00 | -8.58 | -8.58 | -0.63 | -18.23 | -7.35 | -9.29 | -4.85 | -6.46 | 15.07 | -56.49 | |
Net Cash Flow | 1.27 | -0.71 | -0.36 | 3.71 | 0.64 | -0.96 | -0.21 | 1.44 | 2.11 | -2.42 | 20.17 | -20.58 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 42.93 | 26.83 | 99.40 | 101.20 | 89.22 | 84.13 | 96.03 | 83.03 | 103.85 | 119.78 | 88.13 | 77.21 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 42.93 | 26.83 | 99.40 | 101.20 | 89.22 | 84.13 | 96.03 | 83.03 | 103.85 | 119.78 | 88.13 | 77.21 |
Working Capital Days | 100.07 | -5.93 | 73.36 | -19.24 | 40.40 | -32.23 | 28.58 | 16.78 | 202.82 | 211.93 | 287.40 | 120.50 |
ROCE % | 2.04% | 1.87% | 2.68% | 2.89% | 0.96% | 2.45% | -0.85% | -0.09% | 0.79% | 0.71% | 2.73% | 3.41% |
Documents
Announcements
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STATEMENT OF DEVIATION AND VARIATION AS ON 30.09.2024
13 Nov - Statement of deviation in fund utilization for Q3 2024.
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UNAUDITED FINANCIAL RESULTS AS ON 30.09.2024
13 Nov - Standalone and consolidated financial results for Q2 2024.
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Board Meeting Outcome for UNAUDITED FINANCIAL RESULTS AS ON 30.09.2024
13 Nov - Standalone and consolidated financial results for Q2 2024.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Nov - High Court dismissed Indowind Energy's appeal against winding up petition.
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Board Meeting Intimation for Approval Of Un-Audited Financial Results As On 30Th September 2024.
8 Nov - Board meeting on 13th November to approve Q2 results.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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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
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