Inox Green Energy Services Ltd

Inox Green Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Inox Green Energy Services Ltd

₹ 185 4.99%
18 Sep - close price
inoxgreen.com BSE: 543667 NSE: INOXGREEN
About

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]

Key Points

Business Area[1]
Inox Green is India's only listed pure-play renewable O&M service provider with comprehensive O&M solutions for WTG and common infrastructure O&M through long-term contracts of 5-20 years. It has a presence across India with an established track record of >10 years and a portfolio of >3.2 GW of O&M assets plus additional value added services contracts.

Website BSE NSE
  • Market Cap ₹ 6,784 Cr.
  • Current Price ₹ 185
  • High / Low ₹ 222 / 95.6
  • Stock P/E 176
  • Book Value ₹ 53.6
  • Dividend Yield 0.00 %
  • ROCE 2.60 %
  • ROE 1.02 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 18.1% CAGR over last 5 years

Cons

  • Stock is trading at 3.45 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.34% over past five years.
  • Company has a low return on equity of -0.85% over last 3 years.
  • Earnings include an other income of Rs.91.7 Cr.
  • Company has high debtors of 279 days.
  • Working capital days have increased from 304 days to 741 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

Utilities Power Power Power Generation

Part of BSE SmallCap BSE Allcap BSE Utilities Nifty Microcap 250 Nifty Total Market

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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
62 62 72 57 57 47 60 52 51 55 61 68 56
44 44 56 51 34 34 40 41 34 37 46 68 50
Operating Profit 18 18 16 6 23 13 20 12 17 19 16 1 6
OPM % 28% 29% 22% 11% 40% 27% 33% 22% 33% 34% 26% 1% 11%
1 -1 16 14 0 13 -2 31 7 9 12 29 42
Interest 18 14 18 8 5 7 5 9 6 5 4 4 4
Depreciation 17 15 14 14 13 13 13 13 13 13 13 13 11
Profit before tax -16 -12 0 -1 5 6 0 20 5 10 10 12 33
Tax % -26% -31% -1,282% 84% 47% 8% 944% -4% 17% 37% 50% 47% 32%
-12 -8 5 -2 3 6 -1 21 4 6 5 6 22
EPS in Rs -0.49 -0.35 0.16 -0.02 0.08 0.20 -0.05 0.73 0.13 0.18 0.11 0.15 0.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
368 164 165 172 172 250 224 236 241
352 82 77 109 90 194 149 184 200
Operating Profit 15 82 88 63 82 57 75 52 41
OPM % 4% 50% 53% 37% 48% 23% 33% 22% 17%
-14 -68 -47 -112 -70 24 35 57 92
Interest 65 30 53 61 55 57 25 19 17
Depreciation 17 27 40 49 50 58 53 53 51
Profit before tax -80 -43 -51 -158 -93 -34 31 37 65
Tax % -29% 23% 2% -3% 0% 84% 12% 41%
-57 -53 -52 -154 -93 -62 28 22 40
EPS in Rs -11,328.00 -9.13 -4.52 -11.94 -3.97 -2.09 0.95 0.54 1.04
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 11%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 30%
TTM: 42%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -15%
Return on Equity
10 Years: %
5 Years: -7%
3 Years: -1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.05 57 116 129 235 292 294 367
Reserves 2 -8 -20 -86 572 794 1,051 1,600
956 1,154 1,085 1,411 904 595 174 181
551 698 1,158 1,239 410 433 564 339
Total Liabilities 1,509 1,902 2,340 2,693 2,121 2,113 2,083 2,487
500 512 776 765 953 1,095 755 704
CWIP 10 59 26 251 133 7 7 7
Investments 0 71 72 33 33 0 0 446
999 1,260 1,465 1,645 1,002 1,011 1,320 1,330
Total Assets 1,509 1,902 2,340 2,693 2,121 2,113 2,083 2,487

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
65 -41 362 49 141 -26 -8 60
-168 -170 -306 -105 -153 -5 -63 -637
82 195 -52 174 -63 -10 79 572
Net Cash Flow -21 -17 3 117 -76 -42 8 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 242 410 552 473 144 135 213 279
Inventory Days 1,891 540 215
Days Payable 2,200 2,029 758
Cash Conversion Cycle -67 410 552 473 -1,344 -407 213 279
Working Capital Days -213 -784 -2,132 -2,799 -1,105 -221 392 741
ROCE % 5% 4% 2% 3% 1% 4% 3%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
56.04% 56.04% 56.04% 55.72% 55.72% 55.72% 55.72% 56.35% 55.93% 55.93% 55.97%
9.05% 9.67% 8.42% 8.33% 9.20% 8.33% 9.16% 9.12% 8.79% 8.93% 7.19%
6.29% 5.50% 4.09% 2.94% 2.84% 1.75% 1.72% 3.70% 3.71% 3.72% 1.33%
28.60% 28.79% 31.46% 33.01% 32.24% 34.21% 33.40% 30.84% 31.56% 31.42% 35.50%
No. of Shareholders 86,76585,20879,98383,29293,8301,07,4981,21,0441,43,7481,54,4051,53,4921,47,635

* 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.

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