Inox Green Energy Services Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Virtually debt-free
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPORTS Adani Ports and Special Economic Zone Limited | ₹1,707 | ₹3.9L Cr | 29.6 | 4.1 | 16.4 | 14.1 | 0.85 |
| INDIGO InterGlobe Aviation Limited | ₹4,977 | ₹1.9L Cr | 37.4 | 27.65 | -27.1 | 5.24 | 8.67 |
| GMRAIRPORT GMR AIRPORTS LIMITED | ₹97 | ₹1.0L Cr | 183 | -37.48 | — | 11.6 | -15.17 |
| JSWINFRA JSW Infrastructure Limited | ₹344 +1.10% | ₹78K Cr | 50 | 6.64 | 15.3 | 13.6 | 0.52 |
| CONCOR Container Corporation of India Limited | ₹508 | ₹39K Cr | 31.2 | 2.99 | 9.81 | 12.4 | 0.07 |
| DELHIVERY Delhivery Limited | ₹458 | ₹34K Cr | 288 | 3.55 | -0.21 | 1.01 | 0.17 |
| REDINGTON Redington Limited | ₹353 −3.41% | ₹29K Cr | 16.1 | 1.84 | 16.9 | 18.4 | 0.27 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
INOXGREEN · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 55.72% | 55.72% | 55.72% | 56.35% | 55.93% | 55.93% |
| FII | 9.20% | 8.33% | 9.16% | 9.12% | 8.79% | 8.93% |
| DII | 2.84% | 1.75% | 1.72% | 3.70% | 3.71% | 3.72% |
| Public | 32.24% | 34.21% | 33.40% | 30.84% | 31.56% | 31.42% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
Demerger
Record: 31 Jul 2026
To consider Fund Raising and other business matters
To consider and approve the financial results for the period ended March 31, 2026 and other business matters
Latest News
All newsINOXGFL wins bid for Wind World's 600 MW assets
*INOXGFL wins bid for Wind World's 600 MW assets*. The NCLT has approved INOXGFL Group’s acquisition of Wind World’s **600 MW IPP** and **4.5 GW O&M businesses**. This strategic move strengthens INOXGFL’s renewable energy footprint. The deal marks one of the sector’s larger stressed asset resolutions. 📊 *STOCKS:* $WINDMILL $INOXGREEN | 🏢 *SECTOR:* Energy | #HIGHIMPACT #M&A
Inox Green eyes 4.5 GW Wind World acquisition by Q2 FY27
*Inox Green eyes 4.5 GW Wind World acquisition by Q2 FY27.* The company is awaiting NCLT finalization to complete the acquisition of Wind World’s 4.5 GW operations and maintenance portfolio. This strategic move could significantly expand Inox Green’s renewable footprint. The deal underscores growing consolidation in India’s wind energy space. 📊 *STOCKS:* INOXWIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #M&A
Inox Green EGM voting results submitted to NSE
*Inox Green EGM voting results submitted to NSE.* The company has filed the scrutinizer's report of the Extraordinary General Meeting held on **August 13, 2026**, with the stock exchange. Voting results from the EGM have been formally disclosed. No material business decisions or financial outcomes were detailed. 📊 *STOCKS:* $INOXGREEN | 🏢 *SECTOR:* Energy | #LOWIMPACT #EGM
NCLT approves Inox Green's bid for WWIL assets
*NCLT approves Inox Green consortium plan to acquire WWIL assets.* The decision clears a key hurdle for the **₹2,400 crore** resolution of Welspun Renewable Energy. Inox Green Energy Services emerges as the winning bidder under the IBC process. This marks a significant step in unlocking value for creditors and stakeholders. 📊 *STOCKS:* WWIL | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Insolvency
Inox Green approved to acquire Wind World India
*Inox Green Energy secures NCLT approval for Wind World India's resolution plan.* This clears a key legal hurdle for the acquisition, boosting Inox Green’s renewable portfolio. The deal strengthens India’s wind energy consolidation trend. 📊 *STOCKS:* INOXGREEN, WINDMILL | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #ResolutionPlan
Inox Green gets NCLT nod to buy Wind World's 4.5 GW O&M business
*Inox Green gets NCLT nod to buy Wind World's 4.5 GW O&M business*. Inox Wind has received NCLT approval to acquire Wind World's **4.5 GW** Indian operations and maintenance business. This strategic move strengthens Inox's footprint in the renewable energy sector. The acquisition enhances operational synergies and market positioning in the wind energy space. 📊 *STOCKS:* INOXWIND, WINDMILL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #M&A
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹78 Cr 9.3% | ₹86 Cr 53.6% | ₹56 Cr 13.8% | ₹65 Cr 6.6% | ₹61 Cr 10.9% | ₹55 Cr 7.8% | ₹51 Cr 1.9% | ₹52 Cr |
| Op. Profit | ₹19 Cr 111.1% | ₹9 Cr 50.0% | ₹6 Cr 300.0% | ₹-3 Cr 118.8% | ₹16 Cr 15.8% | ₹19 Cr 11.8% | ₹17 Cr 41.7% | ₹12 Cr |
| OPM | 24.0% 140.0% | 10.0% 9.1% | 11.0% 339.1% | -4.6% 117.7% | 26.0% 23.5% | 34.0% 3.0% | 33.0% 50.0% | 22.0% |
| Net Profit | ₹25 Cr 10.7% | ₹28 Cr 27.3% | ₹22 Cr 266.7% | ₹6 Cr 20.0% | ₹5 Cr 16.7% | ₹6 Cr 50.0% | ₹4 Cr 81.0% | ₹21 Cr |
| EPS (₹) | 0.66 13.2% | 0.76 26.7% | 0.6 300.0% | 0.15 36.4% | 0.11 38.9% | 0.18 38.5% | 0.13 82.2% | 0.73 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹281 Cr 19.1% | ₹236 Cr 5.4% | ₹224 Cr 11.8% | ₹254 Cr 47.7% | ₹172 Cr 0.0% | ₹172 Cr 4.2% | ₹165 Cr 0.6% | ₹164 Cr 55.4% | ₹368 Cr |
| Expenses | ₹258 Cr 40.2% | ₹184 Cr 23.5% | ₹149 Cr 24.4% | ₹197 Cr 118.9% | ₹90 Cr 17.4% | ₹109 Cr 41.6% | ₹77 Cr 6.1% | ₹82 Cr 76.7% | ₹352 Cr |
| Op. Profit | ₹23 Cr 55.8% | ₹52 Cr 30.7% | ₹75 Cr 31.6% | ₹57 Cr 30.5% | ₹82 Cr 30.2% | ₹63 Cr 28.4% | ₹88 Cr 7.3% | ₹82 Cr 446.7% | ₹15 Cr |
| OPM | 8.0% 63.6% | 22.0% 33.3% | 33.0% 43.5% | 23.0% 52.1% | 48.0% 29.7% | 37.0% 30.2% | 53.0% 6.0% | 50.0% 1090.5% | 4.2% |
| Other Income | ₹144 Cr 152.6% | ₹57 Cr 62.9% | ₹35 Cr 12.5% | ₹40 Cr 157.1% | ₹-70 Cr 37.5% | ₹-112 Cr 138.3% | ₹-47 Cr 30.9% | ₹-68 Cr 385.7% | ₹-14 Cr |
| Interest | ₹9 Cr 52.6% | ₹19 Cr 24.0% | ₹25 Cr 64.8% | ₹71 Cr 29.1% | ₹55 Cr 9.8% | ₹61 Cr 15.1% | ₹53 Cr 76.7% | ₹30 Cr 53.8% | ₹65 Cr |
| Depreciation | ₹2 Cr 96.2% | ₹53 Cr 0.0% | ₹53 Cr 18.5% | ₹65 Cr 30.0% | ₹50 Cr 2.0% | ₹49 Cr 22.5% | ₹40 Cr 48.1% | ₹27 Cr 58.8% | ₹17 Cr |
| PBT | ₹157 Cr 324.3% | ₹37 Cr 19.4% | ₹31 Cr 179.5% | ₹-39 Cr 58.1% | ₹-93 Cr 41.1% | ₹-158 Cr 209.8% | ₹-51 Cr 18.6% | ₹-43 Cr 46.3% | ₹-80 Cr |
| Tax % | 34.0% 17.1% | 41.0% 241.7% | 12.0% 125.0% | -48.0% | 0.0% 100.0% | -3.0% 250.0% | 2.0% 91.3% | 23.0% 179.3% | -29.0% |
| Net Profit | ₹103 Cr 368.2% | ₹22 Cr 21.4% | ₹28 Cr 240.0% | ₹-20 Cr 78.5% | ₹-93 Cr 39.6% | ₹-154 Cr 196.2% | ₹-52 Cr 1.9% | ₹-53 Cr 7.0% | ₹-57 Cr |
| EPS (₹) | 2.55 372.2% | 0.54 43.2% | 0.95 243.9% | -0.66 83.4% | -3.97 66.8% | -11.94 164.2% | -4.52 50.5% | -9.13 99.8% | -5,664 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹401 Cr 9.3% | ₹367 Cr 0.0% | ₹367 Cr 24.8% | ₹294 Cr 0.7% | ₹292 Cr 24.3% | ₹235 Cr 82.2% | ₹129 Cr 11.2% | ₹116 Cr 103.5% | ₹57 Cr 113900.0% | ₹0.05 Cr |
| Reserves | ₹1.3K Cr 21.0% | ₹1.7K Cr 3.3% | ₹1.6K Cr 52.2% | ₹1.1K Cr 25.9% | ₹835 Cr 46.0% | ₹572 Cr 765.1% | ₹-86 Cr 330.0% | ₹-20 Cr 150.0% | ₹-8 Cr 500.0% | ₹2 Cr |
| Borrowings | ₹88 Cr 7.4% | ₹95 Cr 47.5% | ₹181 Cr 4.0% | ₹174 Cr 70.8% | ₹595 Cr 34.2% | ₹904 Cr 35.9% | ₹1.4K Cr 30.0% | ₹1.1K Cr 6.0% | ₹1.2K Cr 20.7% | ₹956 Cr |
| Other Liabilities | ₹317 Cr 9.7% | ₹351 Cr 3.5% | ₹339 Cr 39.9% | ₹564 Cr 30.3% | ₹433 Cr 5.6% | ₹410 Cr 66.9% | ₹1.2K Cr 7.0% | ₹1.2K Cr 65.9% | ₹698 Cr 26.7% | ₹551 Cr |
| Total Liabilities | ₹2.1K Cr 14.3% | ₹2.5K Cr 0.8% | ₹2.5K Cr 19.4% | ₹2.1K Cr 3.3% | ₹2.2K Cr 1.6% | ₹2.1K Cr 21.2% | ₹2.7K Cr 15.1% | ₹2.3K Cr 23.0% | ₹1.9K Cr 26.0% | ₹1.5K Cr |
Assets | ||||||||||
| Fixed Assets | ₹15 Cr 97.8% | ₹685 Cr 2.7% | ₹704 Cr 6.8% | ₹755 Cr 31.1% | ₹1.1K Cr 14.9% | ₹953 Cr 24.6% | ₹765 Cr 1.4% | ₹776 Cr 51.6% | ₹512 Cr 2.4% | ₹500 Cr |
| CWIP | ₹6 Cr 14.3% | ₹7 Cr 0.0% | ₹7 Cr 0.0% | ₹7 Cr 0.0% | ₹7 Cr 94.7% | ₹133 Cr 47.0% | ₹251 Cr 865.4% | ₹26 Cr 55.9% | ₹59 Cr 490.0% | ₹10 Cr |
| Investments | ₹550 Cr 13.2% | ₹486 Cr 9.0% | ₹446 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹33 Cr 0.0% | ₹33 Cr 54.2% | ₹72 Cr 1.4% | ₹71 Cr | ₹0 Cr |
| Other Assets | ₹1.5K Cr 19.7% | ₹1.3K Cr 3.2% | ₹1.3K Cr 0.8% | ₹1.3K Cr 25.5% | ₹1.1K Cr 5.0% | ₹1.0K Cr 39.1% | ₹1.6K Cr 12.3% | ₹1.5K Cr 16.3% | ₹1.3K Cr 26.1% | ₹999 Cr |
| Total Assets | ₹2.1K Cr 14.3% | ₹2.5K Cr 0.8% | ₹2.5K Cr 19.4% | ₹2.1K Cr 3.3% | ₹2.2K Cr 1.6% | ₹2.1K Cr 21.2% | ₹2.7K Cr 15.1% | ₹2.3K Cr 23.0% | ₹1.9K Cr 26.0% | ₹1.5K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹67 Cr 11.7% | ₹60 Cr 850.0% | ₹-8 Cr 69.2% | ₹-26 Cr 118.4% | ₹141 Cr 187.8% | ₹49 Cr 86.5% | ₹362 Cr 982.9% | ₹-41 Cr 163.1% | ₹65 Cr |
| Investing CF | ₹-293 Cr 54.0% | ₹-637 Cr 911.1% | ₹-63 Cr 1160.0% | ₹-5 Cr 96.7% | ₹-153 Cr 45.7% | ₹-105 Cr 65.7% | ₹-306 Cr 80.0% | ₹-170 Cr 1.2% | ₹-168 Cr |
| Financing CF | ₹307 Cr 46.3% | ₹572 Cr 624.1% | ₹79 Cr 890.0% | ₹-10 Cr 84.1% | ₹-63 Cr 136.2% | ₹174 Cr 434.6% | ₹-52 Cr 126.7% | ₹195 Cr 137.8% | ₹82 Cr |
| Net Cash Flow | ₹81 Cr 1720.0% | ₹-5 Cr 162.5% | ₹8 Cr 119.0% | ₹-42 Cr 44.7% | ₹-76 Cr 165.0% | ₹117 Cr 3800.0% | ₹3 Cr 117.6% | ₹-17 Cr 19.0% | ₹-21 Cr |
| Free Cash Flow | ₹65 Cr 16.1% | ₹56 Cr 800.0% | ₹-8 Cr 91.8% | ₹-97 Cr 1112.5% | ₹-8 Cr 84.9% | ₹-53 Cr 180.3% | ₹66 Cr 140.5% | ₹-163 Cr 59.8% | ₹-102 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 216d 22.6% | 279d 31.0% | 213d 60.2% | 133d 7.6% | 144d 69.6% | 473d 14.3% | 552d 34.6% | 410d 69.4% | 242d |
| Inventory Days | — | — | — | 215d 60.2% | 540d | — | — | — | 1891d |
| Days Payable | — | — | — | 758d 62.6% | 2029d | — | — | — | 2200d |
| Cash Conv. Cycle | 216d 22.6% | 279d 31.0% | 213d 152.1% | -409d 69.6% | -1344d 384.1% | 473d 14.3% | 552d 34.6% | 410d 711.9% | -67d |
| Working Capital Days | 225d 69.6% | 741d 89.0% | 392d 280.6% | -217d 80.4% | -1105d 60.5% | -2799d 31.3% | -2132d 171.9% | -784d 268.1% | -213d |
| ROCE | 8.0% 166.7% | 3.0% 25.0% | 4.0% 300.0% | 1.0% 66.7% | 3.0% 50.0% | 2.0% 50.0% | 4.0% 20.0% | 5.0% | — |
Source: Screener.in · Lower days = better efficiency
About Inox Green Energy Services Limited
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]
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