Indowind Energy (INDOWIND) is loss-making over the last 12 months, losing ₹0.30 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹8.60, 55% below its 52-week high. Sales grew 5.9% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹138 Cr, ranked 14th of 18 Utilities (Renewable) companies by market cap; the shares fell 42% over the past year.
- ₹8.99
- ₹8.99
- ₹8.32
- ₹8.91
- 1 L
Health check
- ReturnsBehind
−42.0% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +5.9% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 1.2% vs peer median 5.8%.
- Balance sheetStretched
Practically debt-free, Piotroski 6 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹138 Cr
- Small cap
- P/E
- 122.9
- Industry 45.8
- Price to book
- 0.45
- Peers 3.18
- Dividend yield
- 0.00%
- ROE
- 0.0%
- Peers 7.3%
- ROCE
- 1.2%
- Peers 5.8%
- Debt to equity
- 0.03
- Debt ₹9.53 Cr
- EPS (TTM)
- ₹0.07
- Face value ₹10
- OPM (TTM)
- 33.3%
- Net margin −0.8%
- Sales growth
- −27.0%
- Latest quarter vs a year ago
- Profit growth
- −13.1%
- Latest quarter vs a year ago
- Price to sales
- 3.68
- EV/EBITDA 8.4
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 0.0%.
- Quarterly profit down 13.1% on a year ago.
- Quarterly sales down 27.0% on a year ago.
- 55% below its 52-week high.
About Indowind Energy
Indowind Energy Limited generates and distributes power in India. The company owns, develops, operates, and maintains wind farms and wind power generation assets. It also provides project and asset management, as well as value addition services; and trades in and sells carbon credits. The company serves private consumers, corporates, and state utilities. Indowind Energy Limited was incorporated in 1995 and is based in Chennai, India.
- Headquarters
- Chennai
- Employees
- 69
- Sector
- Utilities
- ISIN
- INE227G01018
- Website
- indowind.co.in
Price range
- Avg volume (3M)
- 1.2 L
- 1-year return
- minus 42.0%
- From 52-week high
- minus 54.6%
Peers · Utilities - Renewable
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIGREENAdani Green Energy | 1,424.10 | plus 0.65% | 2,34,574 | 129.5 | 30.6 | 6.3% | 90.8% | 3.75 | 16.6% | plus 30.2% |
| ENRINSiemens Energy India | 2,809.00 | minus 1.75% | 1,00,034 | 67.2 | 63.4 | 29.2% | 21.5% | 0.04 | – | minus 11.9% |
| NHPCNHPC | 82.08 | plus 1.84% | 82,450 | 19.1 | 23.7 | 5.8% | 46.1% | 1.13 | 2.0% | minus 4.2% |
| NTPCGREENNTPC Green Energy | 82.63 | minus 1.27% | 69,627 | 107.3 | 40.5 | 2.9% | 87.5% | 1.92 | 156.2% | minus 16.9% |
| ACMESOLARACME Solar Holdings | 394.95 | minus 3.17% | 27,883 | 34.2 | 24.8 | 7.0% | 86.5% | 3.30 | 16.0% | plus 49.0% |
| SJVNSJVN | 57.15 | minus 0.70% | 22,459 | 22.7 | 16.4 | 5.0% | 67.8% | 2.25 | 14.6% | minus 34.1% |
| CLEANMAXClean Max Enviro Energy Solutions | 1,259.70 | minus 1.32% | 14,815 | 81.4 | 21.8 | 4.9% | 58.4% | 2.32 | 27.1% | plus 45.2% |
| INDOWINDIndowind Energy | 8.60 | minus 3.48% | 138 | 122.9 | 11.5 | 1.2% | 33.3% | 0.03 | 5.9% | minus 42.0% |
| Median of 7 peers | – | −1.27% | 69,627 | 67.2 | 24.8 | 5.8% | 67.8% | 2.25 | 16.3% | −4.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 11.6 | 17.7 | 6.2 | 5.3 | 8.4 | |
| 6.3 | 7.2 | 6.6 | 7.3 | 4 | |
| 5.2 | 10.5 | −0.4 | −2.1 | 4.5 | |
| 45.1% | 59.3% | −6.8% | −38.9% | 53.1% | |
| 0.3 | 2.4 | 0.2 | 0.1 | 0.3 | |
| 2.4 | 3.6 | 0.8 | 1.3 | 2.4 | |
| – | – | 1.7 | −2.4 | – | |
| 2.5 | 4.5 | 0.2 | −5.9 | 1.8 | |
| −2.3% | −1.0% | −56.2% | −26.6% | −17.3% | |
| 2.3 | 4.7 | 0.4 | −7.5 | 2 | |
| 0.20 | 0.37 | 0.03 | -0.46 | 0.13 |
Profit & loss
- Sales CAGR 3Y
- +5.9%
- ROE
- 0.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34 | 38.8 | 35 | 40.3 | |
| – | +14.3% | minus 9.8% | +15.2% | |
| 25.9 | 23 | 23 | 28.3 | |
| 8.1 | 15.9 | 12 | 12.1 | |
| 23.8% | 40.8% | 34.4% | 29.9% | |
| 6.5 | 2.1 | 0.7 | 2.8 | |
| 2.2 | 4.2 | 1.9 | 2.8 | |
| 7.1 | 7.1 | 7.4 | 8.2 | |
| −6.5 | −1.1 | – | −2.4 | |
| −1.2 | 5.6 | 3.5 | 1.3 | |
| −1556.3% | −30.7% | 51.4% | 99.6% | |
| −19.3 | 7.3 | 1.7 | 0 | |
| – | – | minus 76.6% | minus 100.0% | |
| -1.68 | 0.64 | 0.14 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 107 | 107 | 129 | 161 | |
| 123 | 130 | 134 | 146 | |
| 60.1 | 25.2 | 13.3 | 9.6 | |
| 23.1 | 20 | 30 | 30.7 | |
| 313 | 282 | 306 | 348 | |
| 227 | 158 | 166 | 179 | |
| 73.6 | 7.7 | 2.7 | 14 | |
| 9.2 | 9.1 | 9.2 | 9.2 | |
| 21.8 | 0.5 | 1.2 | 8.7 | |
| −18.5 | 107 | 127 | 137 | |
| 313 | 282 | 306 | 348 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | −8.1 | 2 | 2.8 | |
| 4.8 | 44 | −21.6 | −33.8 | |
| 15.1 | −57.2 | 20.4 | 38.5 | |
| 20.2 | −21.3 | 0.7 | 7.5 | |
| −0.2 | −1.3 | −20.1 | −21.9 | |
| 0.1 | −9.3 | −18.1 | −19.1 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.