Inox Green Energy Services Ltd
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]
- Market Cap ₹ 3,917 Cr.
- Current Price ₹ 133
- High / Low ₹ 154 / 41.5
- Stock P/E 656
- Book Value ₹ 44.8
- Dividend Yield 0.00 %
- ROCE 0.79 %
- ROE -3.82 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 250 to 133 days.
Cons
- Stock is trading at 2.97 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -19.9% over last 3 years.
- Earnings include an other income of Rs.30.0 Cr.
- Company's cost of borrowing seems high
- Working capital days have increased from -52.1 days to 257 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
368 | 164 | 165 | 172 | 172 | 254 | 223 | |
352 | 82 | 77 | 109 | 90 | 197 | 162 | |
Operating Profit | 15 | 82 | 88 | 63 | 82 | 57 | 60 |
OPM % | 4% | 50% | 53% | 37% | 48% | 23% | 27% |
-14 | -68 | -47 | -112 | -70 | 40 | 30 | |
Interest | 65 | 30 | 53 | 61 | 55 | 71 | 29 |
Depreciation | 17 | 27 | 40 | 49 | 50 | 65 | 56 |
Profit before tax | -80 | -43 | -51 | -158 | -93 | -39 | 5 |
Tax % | 29% | -23% | -2% | 3% | -0% | 48% | |
-57 | -53 | -52 | -154 | -93 | -20 | 5 | |
EPS in Rs | -11,328.00 | -9.13 | -4.52 | -11.94 | -3.97 | -0.66 | 0.21 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -7% |
3 Years: | 15% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 10% |
TTM: | 168% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 214% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -26% |
3 Years: | -20% |
Last Year: | -4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0 | 57 | 116 | 129 | 235 | 292 | 294 |
Reserves | 2 | -8 | -20 | -86 | 572 | 835 | 1,023 |
956 | 1,154 | 1,085 | 1,411 | 904 | 595 | 211 | |
551 | 698 | 1,158 | 1,239 | 410 | 433 | 538 | |
Total Liabilities | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,155 | 2,066 |
500 | 512 | 776 | 765 | 953 | 1,095 | 781 | |
CWIP | 10 | 59 | 26 | 251 | 133 | 7 | 7 |
Investments | 0 | 71 | 72 | 33 | 33 | 0 | 0 |
999 | 1,260 | 1,465 | 1,645 | 1,002 | 1,052 | 1,277 | |
Total Assets | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,155 | 2,066 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
65 | -41 | 362 | 49 | 141 | -26 | |
-168 | -170 | -306 | -105 | -153 | -5 | |
82 | 195 | -52 | 174 | -63 | -10 | |
Net Cash Flow | -21 | -17 | 3 | 117 | -76 | -42 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 242 | 410 | 552 | 473 | 144 | 133 |
Inventory Days | 1,891 | 540 | 215 | |||
Days Payable | 2,200 | 2,029 | 758 | |||
Cash Conversion Cycle | -67 | 410 | 552 | 473 | -1,344 | -409 |
Working Capital Days | -55 | 610 | -404 | -549 | 135 | 257 |
ROCE % | 5% | 4% | 2% | 3% | 1% |
Documents
Announcements
- Certificate Under Regulation 40(9) Of SEBI (LODR)Regulations, 2015 For The Financial Year Ended On 31St March, 2024. 10 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the quarter ended March 31, 2024
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Period From April 1, 2023 To March 31, 2024 9 Apr
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Apr - Submission of copies of newspaper advertisements confirming dispatch of Notice of Postal ballot, e-Voting and other related information.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 5 Apr
Concalls
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Oct 2023TranscriptNotesPPT
-
Jul 2023Transcript PPT
-
Jul 2023TranscriptNotesPPT
-
Jul 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Dec 2022TranscriptNotesPPT
Business Area[1] The company provides long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (“WTGs”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. They have stable annual income owing to the long-term O&M contracts that they enter into with their customers.