Micro Power

Indowind Energy Ltd.

INDOWIND

₹21.2

-5.61% (-1.26)

Market Cap

₹274 Cr.

P/E

216.81

Indowind Energy Ltd.
Overview
Financials
Benchmarking
Shareholding

Indowind Energy Ltd.

Indowind Energy Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Indowind Energy Ltd. Shareprice

Has the share price of Indowind Energy grown faster than its competition?

Indowind Energy has given lower returns compared to its competitors.
Indowind Energy has grown at ~-27.41% over the last 1yrs while peers have grown at a median rate of 2.19%

Is Indowind Energy stock expensive?

Yes, Indowind Energy is expensive.
Latest PE of Indowind Energy is 216, while 3 year average PE is 77.46.
Also latest EV/EBITDA of Indowind Energy is 26.48 while 3yr average is 17.77.

View FAQ's On Business

Growth Table

Indowind Energy Ltd.
Surana Telecom
Loading...
Globus Power Generat
Loading...

In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-7.88	43.43	21.24	41.24	48.56	32.56	22.11	20.85	23.21	19.87
TTM EPS CAGR	-85.55	-51.91	-17.07	-24.69	—	—	—	—	23.80	8.22
Sales CAGR	-20.56	-3.62	8.70	14.10	4.94	6.69	0.66	0.81	5.65	3.65
PAT Margin (Abs Growth)	75.03	17.79	17.13	18.04	74.11	98.53	25.94	13.98	17.17	17.85
PE CAGR	538	198	46.19	87.54	—	—	—	—	-0.48	10.77
CFO CAGR	-2,581	—	—	—	—	—	—	—	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Indowind Energy Ltd.
Surana Telecom
Loading...
Globus Power Generat
Loading...

In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	317	339	311	302	294	292	288	313	312	305
Non Current Assets	298	322	298	284	283	274	271	242	279	273
Net Block	240	268	253	257	255	246	166	159	236	247
Capital Work in Progress	23.62	8.62	6.91	0.40	0.00	0.96	0.96	0.96	0.96	0.96
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	—
Long Term Investments	8.41	10.15	10.46	10.46	10.41	10.46	1.04	0.04	0.04	0.04
Current Assets	14.76	17.63	15.30	18.40	10.58	17.08	16.88	52.83	17.24	32.26
Inventory	3.26	1.43	0.14	0.74	0.32	5.38	4.50	4.44	3.91	1.58
Accounts Receivable	4.68	6.36	6.03	5.78	4.70	5.11	8.06	8.20	8.40	5.42
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Cash & Bank Balances	4.73	9.22	7.03	6.88	4.46	5.55	1.60	21.76	0.48	1.72
Liabilities	317	339	311	302	294	292	288	313	312	305
Shareholders Funds	173	234	150	138	138	229	230	230	237	279
Share Capital	89.74	89.74	89.74	89.74	89.74	89.74	89.74	107	107	129
Reserves	83.22	144	60.06	47.80	47.85	139	141	123	130	150
Non Current Liabilities	133	100.00	150	154	150	57.60	11.80	26.04	52.99	18.04
Secured Loans	66.74	100.00	153	154	150	57.60	11.80	7.96	7.33	—
Unsecured Loans	—	—	—	—	—	—	—	—	30.00	1.61
Current Liabilities	10.92	5.53	10.58	9.80	5.17	4.67	45.27	56.43	21.51	7.75
Accounts Payable	0.83	0.80	1.31	0.57	2.41	1.28	0.76	2.70	2.32	1.18
Short Term Loans	—	—	—	—	—	—	—	16.49	16.79	5.36

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Indowind Energy Ltd.
Surana Telecom
Loading...
Globus Power Generat
Loading...

In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	16.88	26.02	26.16	21.97	20.66	18.61	24.56	33.96	39.71	31.54
Operating Expenses	9.48	11.49	15.45	15.82	12.32	9.04	18.03	19.97	23.85	21.00
Raw Material	—	—	—	—	—	—	—	—	—	0.00
Material Cost (%)	2.72	-4.55	4.92	-2.74	2.04	-20.34	1.82	1.03	2.26	-6.88
Employee Cost	1.96	2.19	2.23	2.28	2.34	2.20	2.18	2.40	2.96	3.00
Power & Fuel Cost	3.79	7.05	7.39	7.73	6.65	8.30	11.74	13.02	14.91	—
Operating Profit	7.40	14.53	10.70	6.15	8.34	9.57	6.52	13.99	15.85	10.54
Other Income	7.30	2.37	6.71	0.57	0.68	2.06	2.44	0.90	2.14	2.30
OPM (%)	43.85	55.85	40.92	27.98	40.37	51.44	26.57	41.19	39.92	33.43
Depreciation and Amortisation	7.55	13.67	9.50	9.32	9.31	9.32	6.92	6.99	7.10	7.39
Interest	6.79	6.71	7.67	7.00	5.29	2.05	1.89	2.20	4.27	1.95
Profit Before Tax	0.19	-3.48	-23.65	-9.60	0.07	0.26	0.15	-1.16	5.56	3.51
Tax	-0.54	-1.49	-2.66	2.66	0.01	0.04	0.02	18.10	-1.71	2.24
Net Profit	0.77	-1.99	-20.98	-12.26	0.06	0.22	1.75	-21.31	7.12	1.27
Number of shares(Crs)	8.97	8.97	8.97	8.97	8.97	8.97	8.97	10.73	10.73	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Indowind Energy Ltd.
Surana Telecom
Loading...
Globus Power Generat
Loading...

In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Sep'24
Cash from Operating Activity	1.82	7.96	7.47	5.33	9.77	6.04	1.41	0.32	-8.05	36.30
Profit Before Tax	0.36	-3.48	-23.65	-9.60	0.06	0.22	0.15	-1.16	5.56	5.59
Adjustments	8.46	18.15	15.24	15.93	14.32	11.16	6.45	6.42	10.28	7.04
OCF Before Working Capital	8.82	14.67	-8.41	6.33	14.38	11.38	6.60	5.25	15.84	12.63
Working Capital Changes	-6.00	-6.67	15.91	-0.99	-4.60	-5.30	-5.17	-4.92	-23.26	24.30
Taxes Paid	-0.99	-0.04	-0.03	—	-0.01	-0.04	-0.02	-0.01	-0.62	-0.63
Cash from Investing Activity	6.33	-6.68	9.80	1.81	0.97	0.92	2.63	4.78	42.56	43.47
Net Fixed Assets Purchased	8.40	-4.74	6.94	1.69	-3.17	-0.32	0.02	-0.20	-1.28	77.46
Fixed Assets Purchased	8.40	-6.78	—	—	-3.17	-0.32	—	-0.20	-1.28	77.46
Fixed Assets Sold	—	2.04	6.94	1.69	—	—	0.02	—	—	—
Investment Purchased	-2.40	-3.85	-0.31	-0.27	—	—	—	—	—	—
Investment Sold	0.25	0.14	1.23	—	3.86	1.02	2.55	1.41	1.41	—
Interest Recieved	0.08	1.77	1.93	0.39	0.28	0.21	0.06	0.39	0.02	—
Dividends Recieved	0.00	—	—	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-8.58	-0.63	-18.23	-7.35	-9.29	-4.85	-6.46	15.07	-55.79	-78.78
Proceeds From Shares	0.00	—	—	—	—	—	—	21.11	—	—
Net Long Term Borrowings	-2.54	7.34	-9.46	-1.63	-4.00	-2.80	-5.31	-3.85	29.37	0.00
Proceeds From Borrowings	—	7.34	—	—	—	—	—	—	29.37	—
Repayment From Borrowings	-2.54	—	-9.46	-1.63	-4.00	-2.80	-5.31	-3.85	—	—
Interest Paid	-6.04	-7.97	-8.77	-5.72	-5.29	-2.05	-1.15	-2.20	-4.27	-2.08
Dividend Paid	—	—	—	—	—	—	—	—	—	—
Net Cash Flow	-0.42	0.64	-0.96	-0.21	1.44	2.11	-2.42	20.17	-21.28	1.00
Opening Cash & Cash Equivalents	1.03	0.98	1.63	0.67	0.46	1.90	4.01	1.59	21.76	—
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	4.73	1.63	0.67	0.46	1.90	4.01	1.59	21.76	0.48	—
Net Capex (est)	-8.40	4.74	-6.94	-1.69	3.17	0.32	-0.02	0.20	1.28	-77.46
Free Cash Flow (est)	10.22	3.22	14.42	7.03	6.60	5.73	1.44	0.13	-9.33	114

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Indowind Energy Ltd.
Surana Telecom
Loading...
Globus Power Generat
Loading...

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	1.80	1.05	2.93	1.43	1.80	1.99	2.51	0.27	0.86	0.62
Liquid Assets (Crs)	11.46	11.51	16.20	15.16	17.65	10.26	11.70	12.38	48.39	13.33
Current Liabilities (Crs)	6.36	10.92	5.53	10.58	9.80	5.17	4.67	45.27	56.43	21.51
Current Ratio	2.39	1.35	3.19	1.45	1.88	2.05	3.66	0.37	0.94	0.80
Current Assets (Crs)	15.19	14.76	17.63	15.30	18.40	10.58	17.08	16.88	52.83	17.24
Current Liabilities (Crs)	6.36	10.92	5.53	10.58	9.80	5.17	4.67	45.27	56.43	21.51
Interest Coverage Ratio	1.08	1.03	0.48	-2.08	-0.37	1.01	1.13	1.08	0.47	2.30
EBIT (Crs)	6.68	7.15	3.23	7.92	-2.60	-0.29	2.31	2.04	7.90	10.88
Interest Expenses (Crs)	6.17	6.79	6.71	7.67	7.00	5.29	2.05	1.89	2.20	4.27
Fixed Asset Turnover	0.08	0.06	0.09	0.09	0.07	0.07	0.06	0.10	0.13	0.11
Net Sales (Crs)	20.05	16.88	26.02	26.16	21.97	20.66	18.61	24.56	33.96	39.71
Fixed Assets (Crs)	256	307	281	286	300	307	307	235	262	346
Cash Conversion Cycle	135	-435	362	-202	675	-1,191	330	-658	-1,660	-908
Inventory Days	69.63	75.46	32.86	10.96	7.36	9.43	55.93	73.46	48.07	38.37
Days Receivable	65.35	110	77.40	86.44	98.11	92.57	96.24	97.93	87.42	76.33
Days Payable	0.00	620	-251	299	-570	1,293	-178	829	1,795	1,023
Debt to Equity Ratio	0.45	0.43	0.44	1.08	1.19	1.11	0.27	0.24	0.26	0.23
Total Debt (Crs)	76.66	73.89	104	162	163	153	60.72	56.06	60.05	55.19
Shareholders Equity (Crs)	171	173	234	150	138	138	229	230	230	237
Free Cash Flow/Sales (%)	5.87	60.58	12.38	55.12	31.98	31.95	30.78	5.85	0.38	-23.50
Free Cash Flow(est) (Crs)	1.18	10.22	3.22	14.42	7.03	6.60	5.73	1.44	0.13	-9.33
Net Sales (Crs)	20.05	16.88	26.02	26.16	21.97	20.66	18.61	24.56	33.96	39.71
Profitability Ratios
Gross Margin (%)	100	97.28	105	95.08	103	97.96	120	98.18	98.97	97.74
Op Profit Margin (%)	45.28	43.85	55.85	40.92	27.98	40.37	51.44	26.57	41.19	39.92
Operating Profit (Crs)	14.22	14.70	16.90	17.42	6.72	9.02	11.64	8.96	14.89	17.99
Net Sales (Crs)	20.05	16.88	26.02	26.16	21.97	20.66	18.61	24.56	33.96	39.71
Net Profit Margin (%)	1.13	4.55	-7.63	-80.23	-55.80	0.27	1.18	7.11	-62.76	17.94
Net Profit (Crs)	0.23	0.77	-1.99	-20.98	-12.26	0.06	0.22	1.75	-21.31	7.12
Net Sales (Crs)	20.05	16.88	26.02	26.16	21.97	20.66	18.61	24.56	33.96	39.71
ROCE (%)	2.14	2.33	0.97	2.63	-0.89	-0.10	0.81	0.84	3.08	3.74
EBIT (Crs)	6.68	7.15	3.23	7.92	-2.60	-0.29	2.31	2.04	7.90	10.88
Capital Employed (Crs)	311	306	334	300	293	289	287	243	257	291
Return on Assets (%)	0.07	0.24	-0.59	-6.75	-4.06	0.02	0.08	0.61	-6.80	2.28
Net Profit (Crs)	0.23	0.77	-1.99	-20.98	-12.26	0.06	0.22	1.75	-21.31	7.12
Total Assets (Crs)	318	317	339	311	302	294	292	288	313	312
ROIC (%)	0.33	-0.23	0.17	0.41	-1.56	-0.32	0.08	-0.23	80.42	4.93
Op Profit after Taxes (Crs)	0.69	-0.60	0.49	1.07	-4.05	-0.81	0.21	-0.33	116	11.44
Invested Capital (Crs)	206	263	284	259	260	256	258	146	144	232
ROE (%)	0.13	0.44	-0.85	-14.01	-8.91	0.04	0.10	0.76	-9.26	3.00
Net Profit Margin (%)	1.13	4.55	-7.63	-80.23	-55.80	0.27	1.18	7.11	-62.76	17.94
Asset Turnover ratio	0.06	0.05	0.08	0.08	0.07	0.07	0.06	0.09	0.11	0.13
Equity Multiplier	1.86	1.83	1.45	2.08	2.20	2.13	1.28	1.25	1.36	1.32
Adjusted EPS	0.02	0.08	-0.20	-2.07	-1.21	0.01	0.02	0.17	-1.88	0.63
Valuation Ratios
P/E	170	43.93	0.00	0.00	0.00	273	156	88.01	0.00	29.69
Price to Book	0.23	0.20	0.16	0.44	0.36	0.11	0.15	0.67	0.44	0.90
EV/EBITDA	7.76	7.00	7.79	12.66	30.75	18.17	7.67	23.22	9.25	14.80
Dividend Yield (%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Quarterly Results

Indowind Energy Ltd.
Surana Telecom
Loading...
Globus Power Generat
Loading...

In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	7.10	4.51	7.63	17.91	9.73	4.44	5.46	13.34	7.94	4.80
Operating Expenses	6.22	4.27	1.82	7.63	9.01	5.39	2.56	4.35	7.18	6.91
Increase/Decrease in Stock	1.59	-0.52	-2.82	-0.75	4.51	-0.05	-1.89	-2.46	2.39	-0.20
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	0.65	0.64	0.61	0.73	0.85	0.77	0.69	0.73	0.56	1.01
Selling and Distribution Expenses	2.55	1.96	1.96	2.85	2.68	2.80	2.03	2.79	2.64	3.03
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	0.88	0.25	5.81	10.28	0.72	-0.95	2.90	9.00	0.76	-2.11
Other Income	0.47	0.24	0.04	0.05	0.30	1.74	0.02	0.11	0.34	1.83
Interest	0.92	0.43	1.31	1.87	0.66	0.44	0.42	0.56	0.42	0.53
PBDT	0.43	-6.81	3.49	8.45	0.37	0.35	2.49	8.54	0.68	-0.82
Depreciation and Amortization	0.37	0.03	2.06	4.43	0.30	0.32	1.04	4.51	0.74	1.09
Profit Before Tax	0.06	-6.84	1.44	4.02	0.07	0.03	1.45	4.04	-0.06	-1.91
Tax	0.00	18.10	-0.32	-0.93	0.14	-0.60	-0.24	-0.38	0.00	2.87
Profit After Tax	0.06	-24.93	1.75	4.96	-0.07	0.63	1.69	4.42	-0.06	-4.78
Exceptional Items	0.00	-6.86	-1.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.14	-24.89	1.51	5.03	0.08	0.65	1.61	4.41	0.02	-4.77
Quarterly Ratios
EPS	0.01	-2.20	0.13	0.44	0.01	0.06	0.14	0.34	0.00	-0.37
Operating Profit Margin	12.35	5.47	76.15	57.38	7.40	-21.51	53.09	67.42	9.63	-44.00
Net Profit Margin	0.86	-552	22.99	27.67	-0.74	14.20	30.98	33.10	-0.81	-99.48

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

113.70%

Implied Growth Rate over a 5 year period*

42.50%

Implied Growth Rate over a 10 year period*

19.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Indowind Energy Ltd. Financials

How strong is Indowind Energy balance sheet?

Balance sheet of Indowind Energy is strong.
But short term working capital might become an issue for this company.

Is the debt of Indowind Energy increasing or decreasing?

The net debt of Indowind Energy is decreasing.
Latest net debt of Indowind Energy is ₹5.25 Crs as of Mar-25.
This is less than Mar-24 when it was ₹54.29 Crs.

Is the profitablity of Indowind Energy improving?

The profit is oscillating.
The profit of Indowind Energy is ₹1.27 Crs for TTM, ₹7.12 Crs for Mar 2024 and -₹21.31 Crs for Mar 2023.

Does Indowind Energy pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Indowind Energy latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Indowind Energy allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Accounts Receivable

View FAQ's On Shareholding

Ideas Dashboard

Timeline

Watchlist

Portfolio

Alerts

Research

Stock Screener

Market

Raw Material

Indowind Energy Ltd.

Indowind Energy Ltd.

Has the share price of Indowind Energy grown faster than its competition?

Is Indowind Energy stock expensive?

How strong is Indowind Energy balance sheet?

Is the debt of Indowind Energy increasing or decreasing?

Is the profitablity of Indowind Energy improving?

Does Indowind Energy pay decent dividends?

How has Indowind Energy allocated its funds?

SIGN UP FOR FREE