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Indowind Energy

INDOWIND NSE
₹8.51 No trade today
P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹8.51 −6.48 −43.2% 1Y
Start ₹14.99

Key Fundamentals

MicrocapPowerUtilities

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
1.44%
Debt to Equity
0.03
EPS (TTM)
−₹0.02
Book Value
₹18.99
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
0.45
ROE
0.00%
Dividend Yield
0.00%
EBITDA
₹12.50 Cr
52W High
₹18.94
52W Low
₹7.00
Volume
0

Peer Comparison

Utilities › Power › Power Generation

Indowind Energy peer comparison
₹321.9510.50₹3,09,905 Cr1.460.93%15.10%8.92%₹2,00,543 Cr₹30,459 Cr
₹1,388.00121.97₹2,25,153 Cr10.590.00%11.40%7.39%₹14,809 Cr₹2,249 Cr
₹511.0045.99₹92,288 Cr2.550.40%7.51%8.16%₹18,965 Cr₹2,460 Cr
₹78.4920.76₹80,260 Cr1.902.03%9.32%5.75%₹12,210 Cr₹4,267 Cr
₹83.51117.62₹69,433 Cr3.630.00%2.79%3.56%₹3,285 Cr₹605 Cr
₹247.6810.70₹32,822 Cr1.601.67%11.90%8.42%₹18,381 Cr₹3,366 Cr
₹421.0044.74₹29,572 Cr3.560.05%10.40%8.91%₹2,370 Cr₹602 Cr
Indowind Energy (this company)
₹8.51—₹134 Cr0.450.00%0.00%1.44%₹37 Cr₹0 Cr
Median 8 companies₹284.8244.74₹74,846 Cr2.220.23%9.86%7.78%₹13,510 Cr₹2,355 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

38 Weak

Data confidence 93/100

Category scores

Quality
32
Poor
Returns, margins, earnings quality 22% weight
Valuation
42
Weak
Cheap vs sector & own history 24% weight
Growth
25
Poor
Sales & profit trajectory 9% weight
Financial Health
49
Average
Solvency, leverage, coverage 9% weight
Momentum
26
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.43 times its book value
  • Debtor days have improved from 56.7 to 34.6 days.

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.29% over last 3 years.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 92.6 days to 171 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral757
OscillatorsBullish153
Moving AveragesStrong Bearish604

Key readings

RSI (14)
53.57
Neutral
MACD (12,26,9)
−0.13
Bullish
SMA (50)
8.69
Bearish
SMA (200)
9.60
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.10%
5Y+17.56%
3Y+5.90%
1Y+15.20%
TTM−5.31%

Net profit

Net profit growth by window
10Y−35.23%
5Y−46.11%
3YTurned to profit
1Y−99.41%
TTMTurned to loss

Operating cash flow

Operating cash flow growth by window
10Y+4.29%
5Y−14.44%
3Y+105.33%
1Y+40.61%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−13.91 pp
5Y−23.36 pp
3Y−11.27 pp
1Y−4.49 pp
TTM−4.17 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹26.02 Cr
Mar 2018₹26.16 Cr
Mar 2019₹21.97 Cr
Mar 2020₹20.66 Cr
Mar 2021₹17.96 Cr
Mar 2022₹24.56 Cr
Mar 2023₹33.96 Cr
Mar 2024₹38.81 Cr
Mar 2025₹35.01 Cr
Mar 2026₹40.33 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹1.99 Cr
Mar 2018−₹20.98 Cr
Mar 2019−₹12.26 Cr
Mar 2020₹0.06 Cr
Mar 2021₹0.22 Cr
Mar 2022₹0.13 Cr
Mar 2023−₹19.26 Cr
Mar 2024₹7.27 Cr
Mar 2025₹1.70 Cr
Mar 2026₹0.01 Cr

Quarterly Results

₹ Cr
INDOWIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7.63
17.91
9.73
4.44
7.35
15.81
5.56
6.63
11.55
17.55
6.19
5.27
8.44
Expenses
1.82
7.64
9
5.39
4.45
6.82
4.8
6.92
6.34
7.22
6.61
7.33
3.96
Operating Profit
5.81
10.27
0.73
−0.95
2.9
8.99
0.76
−0.29
5.21
10.33
−0.42
−2.06
4.48
OPM %
76.15%
57.34%
7.5%
−21.4%
39.46%
56.86%
13.67%
−4.37%
45.11%
58.86%
−6.79%
−39.09%
53.08%
Other Income
−1.01
0.05
0.3
1.74
0.02
0.11
0.34
0
0
0.19
1.67
−2.44
0
Interest
1.31
1.87
0.66
0.44
0.43
0.56
0.42
0.53
0.27
2.38
0.18
0.1
0.29
Depreciation
2.06
4.43
0.3
0.32
1.04
4.51
0.74
1.09
2.42
3.61
0.84
1.33
2.4
PBT
1.43
4.02
0.07
0.03
1.45
4.03
−0.06
−1.91
2.52
4.53
0.23
−5.93
1.79
Tax %
−22.38%
−23.13%
200%
−2000%
−16.55%
−9.43%
0%
127.23%
−2.38%
−1.1%
−56.52%
26.64%
−17.32%
Net Profit
1.75
4.96
−0.07
0.63
1.69
4.42
−0.07
−4.34
2.57
4.58
0.36
−7.51
2.1
EPS (₹)
0.09
0.31
0
0.04
0.1
0.27
0
−0.27
0.14
0.29
0.03
−0.46
0.12

Profit & Loss

₹ Cr
INDOWIND profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
20.05
16.88
26.02
26.16
21.97
20.66
17.96
24.56
33.96
38.81
35.01
40.33
37.45
Expenses
10.97
9.48
11.49
15.45
15.82
12.32
8.39
18.02
19.97
22.97
22.96
28.26
25.12
Operating Profit
9.08
7.4
14.53
10.71
6.15
8.34
9.57
6.54
13.99
15.84
12.05
12.07
12.33
OPM %
45.29%
43.84%
55.84%
40.94%
27.99%
40.37%
53.29%
26.63%
41.2%
40.81%
34.42%
29.93%
32.92%
Other Income
5.14
7.13
2.37
−17.19
0.57
6.33
2.06
2.42
−5.96
1.09
0.8
0.42
−0.58
Interest
6.17
6.79
6.71
7.67
7
5.29
2.05
1.89
2.2
4.27
1.95
2.93
2.95
Depreciation
7.54
7.55
13.67
9.5
9.32
9.31
9.32
6.92
6.99
7.1
7.39
8.21
8.18
PBT
0.51
0.19
−3.48
−23.65
−9.6
0.07
0.26
0.15
−1.16
5.56
3.51
1.35
0.62
Tax %
54.9%
−284.21%
−42.82%
−11.25%
27.71%
14.29%
15.38%
13.33%
1560.34%
−30.76%
51.57%
99.26%
—
Net Profit
0.23
0.77
−1.99
−20.98
−12.26
0.06
0.22
0.13
−19.26
7.27
1.7
0.01
−0.48
EPS (₹)
0.01
0.04
−0.11
−1.11
−0.65
0
0.01
0.01
−1.2
0.45
0.11
0
−0.02
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
—

Balance Sheet

₹ Cr
INDOWIND balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
89.74
89.74
89.74
89.74
89.74
89.74
89.74
89.74
107
107
129
161
Reserves
80.92
83.22
144
123
111
111
140
141
123
130
134
146
Borrowings
76.66
73.89
100
99.56
101
90.8
60.72
56.06
60.06
25.19
13.25
9.54
Other Liabilities
70.41
70.45
5.53
1.56
0.78
2.54
1.54
1.68
23.12
20.02
30.1
30.76
Total Liabilities
318
317
339
314
302
294
292
288
313
282
306
348
Fixed Assets
156
200
229
199
189
181
246
166
159
236
243
245
CWIP
46.35
64.03
47.78
60.96
68.57
73.88
0.96
0.96
0.96
0.96
0.96
12.31
Investments
6.12
8.41
10.15
10.46
10.46
10.41
10.46
1.04
0.04
0.04
0.04
0.04
Other Assets
110
44.98
52.64
43.37
34.1
28.74
34.52
120
153
45.58
61.85
90.28
Total Assets
318
317
339
314
302
294
292
288
313
282
306
348

Cash Flow

₹ Cr
INDOWIND cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1.88
1.82
7.96
7.47
5.33
9.77
6.04
1.41
0.32
−8.05
1.97
2.77
Investing
6.33
10.46
−6.68
9.8
1.81
0.97
0.92
2.63
4.78
43.96
−21.64
−33.8
Financing
−8.58
−8.58
−0.63
−18.23
−7.35
−9.29
−4.85
−6.46
15.07
−57.19
20.4
38.55
Net Cash Flow
−0.36
3.71
0.64
−0.96
−0.21
1.44
2.11
−2.42
20.17
−21.28
0.73
7.52
Free Cash Flow
1.17
1.82
3.22
14.41
7.02
6.6
5.72
1.43
0.12
−9.33
−18.11
−19.12
CFO/EBITDA
32
38
55
70
87
117
64
22
2
−47
29
37

Ratios

INDOWIND financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
99.4
101
89.22
84.13
96.03
83.03
104
120
88.13
79
56.51
34.57
Cash Conversion Cycle
99.4
101
89.22
84.13
96.03
83.03
104
120
88.13
79
56.51
34.57
Working Capital Days
73.36
−19.24
40.4
−32.23
28.58
16.78
139
−446
−273
24.83
82.36
171
ROCE %
2.68%
2.89%
0.96%
2.45%
−0.85%
−0.09%
0.79%
0.71%
2.73%
3.93%
2.02%
1.44%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indowind Energy insights

61 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 48.76%
  • Public 45.03%
  • Others 6.19%
  • FIIs 0.02%

16.50% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Indowind Energy

What does Indowind Energy Ltd do?
Incorporated in 1995, Indowind Energy Ltd is in the business of generation and distribution of power through windmills
Where is Indowind Energy Ltd (INDOWIND) listed?
Indowind Energy Ltd trades as INDOWIND on the NSE and under code 532894 on the BSE.
Which sector does Indowind Energy Ltd belong to?
Indowind Energy Ltd is classified under the Power sector, in the Power Generation industry.
What is the 52-week high and low of Indowind Energy Ltd?
Over the last 52 weeks Indowind Energy Ltd has traded between ₹7 and ₹18.94 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Indowind Energy Ltd?
Indowind Energy Ltd reported a return on equity of 0.00%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in 1995, Indowind Energy Ltd is in the business of generation and distribution of power through windmills

Website indowind.com
CEO Dr. Kuppa Sankaran Ravindranath
Employees 68
Listed 14 Sep 2007
Face Value ₹10

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