Indowind Energy Ltd
NSE: INDOWIND · Power Generation · sector
₹8.30NSE close 2026-10-26
Key numbers
Market cap₹134 cr
Price₹8.30
52w high / low₹19 / ₹7
P/E118.6xSector median 18.7x
P/B0.4xSector median 1.5x
Book value₹19.1
Dividend yield–Sector median 1.39%
ROE-0.1%Sector median 4.5%
ROCE1.1%Sector median 6.2%
OPM30.2%Sector median 33.3%
Debt / equity0.03xSector median 0.90x
EV/EBITDA10.8xSector median 9.8x
Interest cover1.2x
Current ratio25.61x
Sales growth 3y+5.9%Sector median +3.1%
Profit growth 3y–Sector median +19.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹22 cr vs borrowings ₹10 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 1.2x in the last 12 months.
- 16.50% of the promoters' shares are pledged (8.0% of all shares).
- Promoter holding rose by 1.60 percentage points in a year, to 48.76% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY24).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Debtor days went from 77 (FY24) to 35 (FY26).
- No dividend in the last 5 financial years.
- Price ₹8.30 on 2026-10-26: -56.2% from the 52-week high, +18.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹26.40 · low ₹7.19
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 8 | 5 | 12 | 18 | 6 | 5 | 8 |
| EBITDA | 9 | 1 | -2 | 5 | 10 | 1 | -5 | 4 |
| OPM % | 67.5% | 9.7% | -44.0% | 45.1% | 58.9% | 17.8% | -86.6% | 52.3% |
| Other income | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 4 | 0 | -5 | 2 | 5 | 0 | -7 | 2 |
| EPS (₹) | 0.34 | 0.00 | -0.37 | 0.20 | 0.37 | 0.03 | -0.46 | 0.13 |
| Revenue YoY | +31.6% | -24.3% | +9.0% | -28.1% | ||||
| Profit YoY | +3.9% | +1,700.0% | – | -7.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 25 | 34 | 40 | 34 | 40 | 37 |
| EBITDA | 7 | 7 | 15 | 11 | 12 | 11 |
| Net profit | 0 | -19 | 7 | 1 | 0 | -0 |
| EPS (₹) | 0.19 | -2.15 | 0.68 | 0.11 | 0.00 | 0.07 |
| Revenue growth | +38.3% | +16.9% | -15.6% | +20.4% | -1.4% | |
| Profit growth | -14,915.4% | – | -82.7% | -100.0% | -121.5% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.9% | +16.7% | -1.4% |
| Net profit | – | -71.7% | -121.4% |
| EPS | – | – | – |
| Share price | – | -36.2% (2y) | -46.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 230 | 237 | 279 | 307 |
| Borrowings | – | 60 | 55 | 7 | 10 |
| Cash & equivalents | – | 22 | 0 | 2 | 22 |
| Total assets | – | 313 | 312 | 305 | 348 |
| Fixed assets | – | 154 | 150 | 161 | 164 |
| Capital work in progress | – | 1 | 1 | 1 | 12 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 8 | 8 | 5 | 4 |
| Inventory | – | 4 | 4 | 2 | 2 |
| Payables | – | 0 | 2 | 1 | 1 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1 | 0 | -8 | -9 | 3 |
| Cash from investing | 2 | 5 | -37 | -22 | -34 |
| Cash from financing | -5 | 15 | -56 | 33 | 39 |
| Capex | 0 | 0 | 1 | 20 | 22 |
| Free cash flow | 1 | 0 | -9 | -29 | -19 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -8.4% | 3.1% | 0.5% | 0.0% |
| ROCE % | – | 0.4% | 3.4% | 1.9% | 1.4% |
| Debtor days | – | 88 | 77 | 59 | 35 |
| Inventory days | – | 4,611 | 91 | 17 | 16 |
| Payable days | – | 0 | 54 | 13 | 13 |
| Cash conversion cycle (days) | – | 4,699 | 114 | 63 | 38 |
| Working capital days | – | -39 | -39 | 267 | 369 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 48.76% |
| FIIs | 0.02% |
| Public (non-institutions) | 51.22% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 47.16% | 47.16% | 47.16% | 47.16% | 47.82% | 48.20% | 48.20% | 48.76% |
| Promoter group | % |
|---|---|
| Soura Capital Private Limited | 12.20% |
| Indus Capital Private Limited | 10.81% |
| Soura Investments Holdings Private Limited | 8.93% |
| Loyal Credit and Investments Limited | 8.30% |
| Bala Venckat Kutti | 6.17% |
| K. S. Ravindranath | 1.04% |
| K B Prathadevi | 0.60% |
| Manoharan V Kutti | 0.47% |
| Indus Finance Limited | 0.21% |
| Shalini Kutti | 0.03% |
| Amith Kutti | 0.00% |
| KV Bala HUF | 0.00% |
| Kanchanamala | 0.00% |
| Bekae Properties Private Limited | 0.00% |
| Everon World Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Commendam Investments Private Limited | 2.26% |
1,06,559 shareholders. Pledged: 16.50% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| INDOWIND | ₹134 cr | 118.6x | 0.4x | -0.1% | 1.1% | 30.2% | +5.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-11-19 | Rights | Rights 1:4 @ Premium Rs 5.35/- |
| 2024-09-20 | Other | Annual General Meeting |
| 2024-07-16 | Rights | Rights 1:5 @ Premium Rs 12.50/- |
| 2023-09-18 | Other | Annual General Meeting |
| 2023-01-13 | Rights | Rights 2:5@ Premium Rs 2/- |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-09 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-08-22 | Other | Annual General Meeting |
| 2016-09-08 | Other | Annual General Meeting (Book Closure Dates Revised) |
| 2015-09-21 | Other | Annual General Meeting (Book Closure Dates Revised) |
| 2014-07-30 | Other | Annual General Meeting |
| 2013-09-18 | Other | Annual General Meeting |
| 2012-09-17 | Other | Annual General Meeting |
| 2011-09-20 | Other | Annual General Meeting |
| 2010-12-09 | Other | Annual General Meeting |
| 2009-12-21 | Other | Annual General Meeting |
| 2008-12-18 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | INDOWIND |
| BSE code | 532894 |
| ISIN | INE227G01018 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.