INOX GREEN ENERGY SERVICES LIMITED
₹101.95-₹4.95 (-4.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹7,018 Cr
- P/E
- 153.0x
- EV / EBITDA
- 74.3x
- Revenue
- ₹205 Cr
- Net margin
- 5.9%
- ROCE
- 5.3%
Price chart
Technical chartScreen technicals →-61.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -36.6%
- 3M
- -41.8%
- 6M
- -43.6%
- 1Y
- -61.9%
- 5Y
- +63.6%
52-week range
Day change -₹4.95 (-4.6%) from ₹107 to ₹102 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in INOXGREEN, bought on each weekday since 2022.
AI Summary
Indian StockStrengths1
- Operating margin of 39.6% exceeds Energy median (16.5%)
Concerns1
- Low return on equity of 0.9%
Rule-based from financial data. Not advice.
About the company
Inox Green Energy Services Limited provides operation and maintenance services, and common infrastructure facilities for wind turbine generators in India. The company operates through Operation & Maintenance; Erection, Procurement & Commissioning; Power Generation; and Trading Income segments.
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Inox Green Energy Services Limited provides operation and maintenance services, and common infrastructure facilities for wind turbine generators in India. The company operates through Operation & Maintenance; Erection, Procurement & Commissioning; Power Generation; and Trading Income segments. It offers operational services, including remote monitoring and control through supervisory control and data acquisition system; daily generation reports to the customers; and wind farm maintenance services. The company was formerly known as Inox Wind Infrastructure Services Limited and changed its name to Inox Green Energy Services Limited in October 2021. The company was incorporated in 2012 and is based in Noida, India. Inox Green Energy Services Limited operates as a subsidiary of Inox Wind Limited.
- Sector
- Energy
- Shares outstanding
- 37.5 Cr shares
- ISIN
- INE510W01014
- BSE code
- 543667
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹7,018 Cr
- P/E
- 153.0x
- P/B
- 3.3x
- EV / EBITDA
- 74.3x
- EV / Sales
- 34.2x
- P/S
- 34.7x
- Earnings yield
- 0.7%
- 52-week high
- ₹271.60
- 52-week low
- ₹101.95
Profitability
- Operating margin
- 39.6%
- Net margin
- 5.9%
- EBITDA margin
- 46.0%
- ROE
- 0.9%
- ROCE
- 5.3%
- ROA
- 0.6%
- Dividend payout
- 0.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 81.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹205 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -12.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹93.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 216.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹54.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -174.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹4.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.6%
Solvency and efficiency
- Current ratio
- 3.03
- Debt / Equity
- 0.08
- Debt / Assets
- 0.06
- Debt / EBITDA
- 1.28
- Interest coverage
- 3.20
- Financial leverage
- 1.36
- CFO / Net profit
- 4.50
- Cash / Market cap
- 16.2%
- Cash per share
- ₹30.38
- Asset turnover
- 0.11
- Fixed asset turnover
- 0.27
- Capital intensity
- 3.68
- Debtor days
- 225 days
- Cash conversion cycle
- 225 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹205 Cr |
| Expenses | ₹156 Cr |
| Operating profit | ₹49 Cr |
| Other income | ₹76 Cr |
| Interest | ₹17 Cr |
| Depreciation | ₹53 Cr |
| Profit before tax | ₹54 Cr |
| Tax and other | ₹16 Cr |
| Net profit | ₹38 Cr |
Revenue and net profit
Revenue grew 1.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹177 Cr | -₹72 Cr |
| FY2022 | ₹174 Cr | -₹57 Cr |
| FY2023 | ₹248 Cr | -₹67 Cr |
| FY2024 | ₹202 Cr | ₹12 Cr |
| FY2025 | ₹205 Cr | ₹38 Cr |
Cash flows
FY2025: ₹70.0 Cr from operations, -₹580 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹112 Cr | -₹64 Cr |
| FY2022 | ₹155 Cr | ₹102 Cr |
| FY2023 | -₹73 Cr | -₹47 Cr |
| FY2024 | ₹54 Cr | ₹91 Cr |
| FY2025 | ₹70 Cr | -₹580 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹205 Cr+1.5%1Y
- Net profit
- ₹38 Cr+216.7%1Y
- Cash from operations
- ₹70 Cr
- Free cash flow
- -₹580 Cr-737.4%1Y
- Revenue CAGR, 5Y
- -12.8%
- EBITDA CAGR, 5Y
- -1.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹205 Cr | ₹49 Cr | — | ₹38 Cr | ₹70 Cr | -₹580 Cr | 1.9% | +1.5% | +216.7% |
Monthly returns
Month-by-month returns of INOXGREEN across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,480 Cr |
| Equity capital | ₹367 Cr |
| Reserves | ₹1,672 Cr |
| Borrowings | ₹125 Cr |
| Other liabilities | ₹316 Cr |
| Assets | ₹2,480 Cr |
| Fixed assets | ₹690 Cr |
| Capital work in progress | ₹7 Cr |
| Investments | ₹197 Cr |
| Other assets | ₹1,585 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
INOXGREEN trades at 153.0x earnings against a peer median of 24.8x (a 517% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| INOX GREEN ENERGY SERVICES LIMITEDINOXGREENthis companyP/E ↑ premium | ₹7,018 Cr | 153.0x | 3.3x | 0.9% | 74.3x |
| KPI Green Energy LimitedKPIGREEN | ₹8,822 Cr | 26.7x | 4.1x | 13.9% | 38.0x |
| Vikram Solar LimitedVIKRAMSOLR | ₹8,316 Cr | 32.4x | 2.8x | 14.5% | 22.1x |
| Power Mech Projects LimitedPOWERMECH | ₹7,309 Cr | 25.0x | 3.3x | 13.3% | 14.0x |
| MOIL LimitedMOIL | ₹6,920 Cr | 23.0x | 2.6x | 11.9% | 12.5x |
| BOROSIL RENEWABLES LIMITEDBORORENEW | ₹6,911 Cr | 55.1x | 7.3x | -2.0% | 60.3x |
| Gulf Oil Lubricants India LimitedGULFOILLUB | ₹5,590 Cr | 15.0x | 3.4x | 23.8% | 11.5x |
| RattanIndia Power LimitedRTNPOWER | ₹4,785 Cr | 60.1x | 1.0x | -22.4% | -31.6x |
| STERLING AND WILSON RENEWABLE ENERGY LIMITEDSWSOLAR | ₹4,730 Cr | 15.6x | 10.1x | 3.2% | 12.6x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
INOXGREEN since 1 January, against earlier years.
Historical volatility
INOXGREEN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 49.0% |
| FY2022 | 48.0% |
| FY2023 | 20.0% |
| FY2024 | 40.0% |
| FY2025 | 24.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹205 Cr |
| Costs | |
| Interest | ₹17 Cr |
| Expenses | ₹156 Cr |
| Operating profitOperating Profit | ₹49 Cr |
| Other income and charges | |
| Profit before tax | ₹54 Cr |
| Tax | |
| Net profitNet Profit | ₹38 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,480 Cr |
| Equity capitalEquity Capital | ₹367 Cr |
| Reserves | ₹1,672 Cr |
| Borrowings | ₹125 Cr |
| Other liabilitiesOther Liabilities | ₹316 Cr |
| AssetsTotal Assets | ₹2,480 Cr |
| Fixed assetsFixed Assets | ₹690 Cr |
| Capital work in progressCWIP | ₹7 Cr |
| Investments | ₹197 Cr |
| Other assetsOther Assets | ₹1,585 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹70 Cr |
| Investing cash flowCash from Investing Activity | -₹650 Cr |
| Financing cash flowCash from Financing Activity | ₹575 Cr |
| Change in cashNet Cash Flow | -₹4 Cr |
Learn while you research
Academy chapters picked for INOX GREEN ENERGY SERVICES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 153.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read