INOXGREEN share price, P/E, ROE & financials

On 6 Nov 2026, Inox Green Energy Services was priced at ₹120.86, or 38.9× trailing earnings, against an industry P/E of 45.8×, and the shares are 54% below their 52-week high. Sales grew 11% a year over 3 years; its ROCE of 9.4% is the second-highest among the 7 largest Utilities (Renewable) peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹5,071 Cr, ranked 10th of 18 Utilities (Renewable) companies by market cap; the shares fell 55% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹118.49
Day high: ₹122.39
Day low: ₹117.10
Prev. close: ₹120.48
Volume: 14.1 L

Health check

1 fair · 4 to check

ReturnsBehind
−55.4% over a year, better than 0 of 7 peers.
Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
GrowthSlow
Sales +10.9% a year over 3 years.
ProfitabilityWeak
ROCE 9.4% vs peer median 5.8%.
Balance sheetFair
Debt 0.05× equity, interest covered 22.1×, Piotroski 4 of 9.
Red flags5 to check
Return on equity is low at 5.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Renewable

17 listed peers. Screen the industry

Small cap

₹5,071 Cr, #10 of 18 in its industry by size.

High beta

Beta 1.59 vs the NIFTY 50: swings more than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹272 Cr · profit ₹121 Cr

Market cap: ₹5,071 Cr; Small cap
P/E: 38.9; Industry 45.8
Price to book: 2.77; Peers 3.18
Dividend yield: 0.00%
ROE: 5.6%; Peers 7.3%
ROCE: 9.4%; Peers 5.8%
Debt to equity: 0.05; Debt ₹88 Cr
EPS (TTM): ₹3.11; Face value ₹10
OPM (TTM): 9.9%; Net margin 44.5%
Sales growth: −17.3%; Latest quarter vs a year ago
Profit growth: +85.0%; Latest quarter vs a year ago
Price to sales: 18.65; EV/EBITDA 81.1

Strengths

Practically debt-free.
Quarterly profit up 85.0% on a year ago.

Risks to check

Return on equity is low at 5.6%.
Quarterly sales down 17.3% on a year ago.
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
54% below its 52-week high.
Promoter stake down from 56.1% to 53.7%.

Derived automatically from reported figures. Not a recommendation.

About Inox Green Energy Services

Inox Green Energy Services Limited provides renewable energy operation and maintenance services in India. The company operates through Operation & Maintenance; Power Generation; Power Evacuation; and Consultancy 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, as well as…

Headquarters: Noida
Employees: 367
Sector: Utilities
ISIN: INE510W01014
Website: inoxgreen.com

Price range

52 weeks

₹100.26₹265.30

Today

₹117.10₹122.39

Avg volume (3M): 38.2 L
1-year return: minus 55.4%
From 52-week high: minus 54.4%

Peers · Utilities - Renewable

Capital-heavy industry columns

Compare with peers Screen the whole industry

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%
INOXGREENInox Green Energy Services	120.86	plus 0.32%	5,071	38.9	73.9	9.4%	9.9%	0.05	10.9%	minus 55.4%
Median of 7 peers	–	−1.27%	69,627	67.2	24.8	5.8%	67.8%	2.25	16.3%	−4.2%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
52.4	85.9	81.8	68.7	43.3
50.1	77.3	59.1	71.5	44.2
2.3	8.6	22.7	−2.8	−0.9
4.4%	10.0%	27.8%	−4.1%	−2.2%
33.1	43.6	29.9	50.8	57.9
3.6	1.2	2.2	1.8	2.1
0.4	10.1	10.7	0.5	0.4
31.4	40.9	39.8	45.8	54.5
25.7%	31.4%	38.1%	37.3%	25.1%
22	27.9	24.7	27.8	40.7
0.58	0.74	0.65	0.71	1.01

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +10.9%
ROE: 5.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
198	192	213	269
–	minus 2.6%	+10.9%	+26.2%
123	115	124	201
74.1	77.6	89.4	68.6
37.5%	40.3%	41.9%	25.5%
25.9	26.6	18.3	16.8
46.3	19.3	14.5	7.5
65.3	53	53.2	40.2
−6.6	1.5	8.9	120
−18.2	33.4	48.8	158
−155.7%	10.8%	26.3%	33.9%
−61	27.9	19.8	102
–	–	minus 29.0%	+416.9%
-2.54	0.85	0.57	2.73

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
292	294	367	401
794	1,051	1,600	1,307
595	174	181	88.3
433	564	339	317
2,113	2,083	2,487	2,113
1,100	754	704	12.9
15.3	9.4	9.5	7.9
0	–	265	550
6.4	10.9	187	86.9
991	1,308	1,322	1,455
2,113	2,083	2,487	2,113

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−26.3	−7.9	60.4	66.9
−5.2	−63.1	−637	−293
−10.2	78.8	573	307
−41.7	7.8	−4.6	80.6
−70.3	−0.5	−4.2	−1.8
−96.6	−8.4	56.2	65.1

Shareholding pattern

Source: NSE filings

53.7%

promoters

Promoters53.70%
Public46.30%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	53.70%	46.30%	0.00
29 Sep 2026	53.70%	46.30%	minus 2.42
30 Jun 2026	56.12%	43.88%	0.00
31 Mar 2026	56.12%	43.88%	0.00
28 Jan 2026	56.12%	43.88%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you