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Indowind Energy Overview

Indowind Energy Limited is a public company that develops, operates and manages hybrid energy solutions in India. It was founded in 1995 by K. S. Ravindranath, who is the executive director and CEO. The company has a portfolio of 51 MW of wind power assets across south India and offers wind asset management services, carbon credit consultancy and wind power project development. Their vision is to become the leading company committed to promotion and generation of green power through renewable sources of energy. The company has achieved several ...Read More

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Indowind Energy Key Financials

Market Cap ₹254 Cr.

Stock P/E 200.4

P/B 0.8

Current Price ₹15.8

Book Value ₹ 20.7

Face Value 10

52W High ₹24.7

Dividend Yield 0%

52W Low ₹ 13.5

Indowind Energy Share Price

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Volume
Price

Indowind Energy Quarterly Price

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Indowind Energy Peer Comparison

Indowind Energy Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 8 18 10 4 7 16 8 5 12 18
Other Income 0 0 0 2 0 0 0 2 0 0
Total Income 8 18 10 6 7 16 8 7 12 18
Total Expenditure 2 8 9 5 4 7 7 7 6 7
Operating Profit 6 10 1 1 3 9 1 -0 5 11
Interest 1 2 1 0 0 1 0 1 0 2
Depreciation 2 4 0 0 1 5 1 1 2 4
Exceptional Income / Expenses -1 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 4 0 0 1 4 -0 -2 3 5
Provision for Tax -0 -1 0 -1 -0 -0 0 3 -0 -0
Profit After Tax 2 5 -0 1 2 4 -0 -5 3 5
Adjustments -0 0 0 0 -0 -0 0 0 -0 0
Profit After Adjustments 2 5 0 1 2 4 0 -5 2 5
Adjusted Earnings Per Share 0.1 0.4 0 0.1 0.1 0.3 0 -0.4 0.2 0.4

Indowind Energy Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 20 17 26 26 22 21 19 25 34 39 34 43
Other Income 5 7 2 7 1 1 2 2 1 2 2 2
Total Income 25 24 28 33 23 21 21 27 35 41 36 45
Total Expenditure 11 9 11 15 16 12 9 18 20 23 23 27
Operating Profit 14 15 17 17 7 9 12 9 15 18 13 17
Interest 6 7 7 8 7 5 2 2 2 4 2 3
Depreciation 8 8 14 9 9 9 9 7 7 7 7 8
Exceptional Income / Expenses 0 -0 0 -24 0 6 0 0 -7 -1 0 0
Profit Before Tax 1 0 -3 -24 -10 0 0 0 -1 6 4 6
Provision for Tax 0 -1 -1 -3 3 0 0 0 18 -2 2 3
Profit After Tax 0 1 -2 -21 -12 0 0 0 -19 7 1 3
Adjustments -0 0 0 0 0 0 0 2 -2 -0 0 0
Profit After Adjustments 0 1 -2 -21 -12 0 0 2 -21 7 1 2
Adjusted Earnings Per Share 0 0.1 -0.2 -2 -1.2 0 0 0.2 -1.9 0.6 0.1 0.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -13% 11% 10% 5%
Operating Profit CAGR -28% 13% 8% -1%
PAT CAGR -86% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -32% 2% 31% 14%
ROE Average 0% -2% -1% -2%
ROCE Average 2% 2% 1% 1%

Indowind Energy Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 171 173 234 150 138 138 229 230 230 237 279
Minority's Interest 0 0 0 1 1 1 1 1 1 1 1
Borrowings 72 67 100 153 154 150 58 12 8 7 2
Other Non-Current Liabilities 69 66 0 -3 0 0 0 0 18 16 16
Total Current Liabilities 6 11 6 11 10 5 5 45 56 22 8
Total Liabilities 318 317 339 311 302 294 292 288 313 282 305
Fixed Assets 197 240 268 253 257 255 246 166 159 236 248
Other Non-Current Assets 106 62 54 43 27 29 29 105 101 22 25
Total Current Assets 15 15 18 15 18 11 17 17 53 25 32
Total Assets 318 317 339 311 302 294 292 288 313 282 305

Indowind Energy Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 2 1 0 2 4 2 22 0
Cash Flow from Operating Activities 2 2 8 7 5 10 6 1 0 -8 -9
Cash Flow from Investing Activities 6 6 -7 10 2 1 1 3 5 44 -22
Cash Flow from Financing Activities -9 -9 -1 -18 -7 -9 -5 -6 15 -57 33
Net Cash Inflow / Outflow -0 -0 1 -1 -0 1 2 -2 20 -21 1
Closing Cash & Cash Equivalent 1 5 2 1 0 2 4 2 22 0 2

Indowind Energy Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.02 0.07 -0.19 -2.05 -1.2 0.01 0.02 0.17 -1.86 0.62 0.1
CEPS(Rs) 0.77 0.82 1.14 -1.12 -0.29 0.91 0.93 0.7 -1.07 1.26 0.67
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 16.59 16.87 22.79 14.61 13.42 13.42 22.3 22.31 19.98 20.6 21.28
Core EBITDA Margin(%) 45.28 43.85 55.85 40.92 27.98 40.37 51.44 26.57 41.19 40.85 31.46
EBIT Margin(%) 33.29 41.32 12.4 -61.1 -11.83 25.94 12.44 8.33 3.05 25.34 16.27
Pre Tax Margin(%) 2.54 1.1 -13.38 -90.41 -43.69 0.33 1.4 0.62 -3.42 14.33 10.46
PAT Margin (%) 1.14 4.33 -7.63 -80.23 -55.8 0.27 1.18 0.52 -56.72 18.73 3.78
Cash Profit Margin (%) 38.75 49.08 44.91 -43.91 -13.39 45.33 51.27 28.69 -36.14 37.03 25.83
ROA(%) 0.07 0.23 -0.61 -6.45 -4 0.02 0.07 0.04 -6.41 2.44 0.43
ROE(%) 0.13 0.43 -0.98 -10.95 -8.53 0.04 0.12 0.06 -8.42 3.13 0.49
ROCE(%) 2.69 2.83 1.11 -4.93 -0.85 1.81 0.8 0.71 0.36 3.58 2
Receivable days 65.35 109.68 77.4 86.44 98.11 92.57 96.24 97.93 87.42 78.09 75.29
Inventory Days 69.63 75.46 32.86 10.96 7.36 9.43 55.93 73.46 48.07 27.92 16.75
Payable days 0 619.73 -251.26 299.06 -569.89 1293.18 -177.99 829.37 1795.14 -2506.67 -3176.1
PER(x) 169.84 43.93 0 0 0 273.02 155.74 88.01 0 29.71 161.62
Price/Book(x) 0.23 0.2 0.16 0.44 0.36 0.11 0.15 0.67 0.44 0.9 0.76
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.5 6.1 5.06 8.43 9.41 7.94 4.8 8.47 4.06 6.09 6.44
EV/Core EBITDA(x) 7.76 7 7.79 12.66 30.75 18.17 7.67 23.22 9.25 13.13 16.8
Net Sales Growth(%) -14.33 -15.83 54.19 0.52 -16 -5.98 -9.91 31.96 38.28 14.29 -13.65
EBIT Growth(%) 32.74 4.47 -53.72 -595.14 83.74 306.17 -56.81 -11.64 -49.28 848.26 -44.57
PAT Growth(%) 114.66 219.99 -372.07 -956.56 41.58 100.46 290.37 -41.83 0 137.74 -82.58
EPS Growth(%) 113.56 239.68 -358.54 -956.56 41.58 100.46 287.3 697.19 -1194.33 133.4 -83.94
Debt/Equity(x) 0.45 0.43 0.44 1.08 1.19 1.11 0.27 0.25 0.26 0.11 0.03
Current Ratio(x) 2.39 1.35 3.19 1.45 1.88 2.05 3.66 0.37 0.94 1.14 4.16
Quick Ratio(x) 1.8 1.05 2.93 1.43 1.8 1.99 2.51 0.27 0.86 1.08 3.96
Interest Cover(x) 1.08 1.03 0.48 -2.08 -0.37 1.01 1.13 1.08 0.47 2.3 2.8
Total Debt/Mcap(x) 2 2.19 2.77 2.46 3.26 9.91 1.78 0.36 0.6 0.12 0.03

Indowind Energy Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 50.76 50.76 50.76 50.76 47.16 47.16 47.16 47.16 47.16 47.82
FII 0.02 0 0 0.24 0.01 0.03 0.02 0.01 0.05 0
DII 0 0 0 0 0 0 0 0 0 0
Public 49.22 49.24 49.24 49 52.83 52.81 52.82 52.83 52.79 52.18
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Indowind Energy News

Indowind Energy Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from -2506.67 to -3176.1days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 47.82%.
  • Company has a low return on equity of -2% over the last 3 years.
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