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 211 Cr.
  • Current Price 19.7
  • High / Low 33.2 / 8.70
  • Stock P/E
  • Book Value 22.0
  • Dividend Yield 0.00 %
  • ROCE 2.73 %
  • ROE 2.47 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.89 times its book value

Cons

  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
5.23 0.74 6.23 8.87 4.22 5.24 7.74 14.60 7.10 4.51 7.63 14.60 9.73
4.40 0.36 2.78 3.48 3.90 7.88 3.24 6.24 6.22 4.27 1.82 6.24 9.00
Operating Profit 0.83 0.38 3.45 5.39 0.32 -2.64 4.50 8.36 0.88 0.24 5.81 8.36 0.73
OPM % 15.87% 51.35% 55.38% 60.77% 7.58% -50.38% 58.14% 57.26% 12.39% 5.32% 76.15% 57.26% 7.50%
0.10 1.84 0.04 0.04 0.01 2.35 0.10 0.10 0.47 -6.62 -1.01 0.10 0.30
Interest -1.11 0.52 0.48 0.52 0.35 0.54 0.42 0.43 0.92 0.43 1.31 0.43 0.66
Depreciation 1.47 1.05 1.97 4.34 0.41 0.20 2.48 4.11 0.37 0.03 2.06 4.11 0.30
Profit before tax 0.57 0.65 1.04 0.57 -0.43 -1.03 1.70 3.92 0.06 -6.84 1.43 3.92 0.07
Tax % 0.00% 6.15% 0.00% 0.00% 0.00% -1.94% 0.00% 1.28% 0.00% -264.62% -22.38% 1.28% 200.00%
0.58 0.61 1.04 0.56 -0.43 -1.05 1.70 3.86 0.06 -24.93 1.75 3.86 -0.07
EPS in Rs 0.05 0.05 0.07 0.04 -0.02 -0.08 0.13 0.31 0.01 -2.32 0.14 0.36 0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
30 23 23 20 17 26 26 22 21 18 25 34 36
16 11 11 11 9 11 15 16 12 8 18 20 21
Operating Profit 14 13 13 9 7 15 11 6 8 10 7 14 15
OPM % 46% 55% 54% 45% 44% 56% 41% 28% 40% 53% 27% 41% 42%
3 2 2 5 7 2 -17 1 6 2 2 -6 -7
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 1 0 -3 -24 -10 0 0 0 -1 -1
Tax % -12% 1% 62% 55% -284% 43% 11% -28% 14% 15% 13% -1,560%
4 3 0 0 1 -2 -21 -12 0 0 0 -19 -19
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 -1.79 -1.81
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 18%
TTM: 5%
Compounded Profit Growth
10 Years: 6%
5 Years: 14%
3 Years: 45%
TTM: -764%
Stock Price CAGR
10 Years: 20%
5 Years: 31%
3 Years: 73%
1 Year: 124%
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: 1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 83 144 123 111 111 140 141 123 129
205 83 79 77 74 100 100 101 91 61 56 60 31
9 97 72 70 70 6 2 1 3 2 2 23 24
Total Liabilities 428 385 322 318 317 339 314 302 295 292 288 313 292
158 152 162 156 200 229 199 189 181 246 166 159 230
CWIP 0 0 47 46 64 48 61 69 75 1 1 1 1
Investments 4 4 4 6 8 10 10 10 10 10 1 0 9
266 229 110 110 45 53 43 34 29 35 120 153 52
Total Assets 428 385 322 318 317 339 314 302 295 292 288 313 292

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 11 20 2 2 8 7 5 10 6 1 0
-19 -4 -12 6 10 -7 10 2 1 1 3 5
-17 -6 -8 -9 -9 -1 -18 -7 -9 -5 -6 15
Net Cash Flow 0 1 -1 -0 4 1 -1 -0 1 2 -2 20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 113 43 27 99 101 89 84 96 83 104 120 88
Inventory Days
Days Payable
Cash Conversion Cycle 113 43 27 99 101 89 84 96 83 104 120 88
Working Capital Days -1,358 100 -6 73 -19 40 -32 29 17 203 212 287
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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