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Copyright © 2025 Knowtilus Technologies Pvt. Ltd.
SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
INDOWIND logo

INDOWIND - Indowind Energy Ltd. Share Price

Power
Sharesguru Stock Score

INDOWIND

62/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹8.95+0.17(+1.94%)
Market Closed as of Apr 13, 2026, 15:30 IST
Pros

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Momentum: Stock price has a strong positive momentum. Stock is up 5.9% in last 30 days.

Cons

Size: It is a small market cap company and can be volatile.

Dilution: Company has a tendency to dilute it's stock investors.

Dividend: Stock hasn't been paying any dividend.

Past Returns: Underperforming stock! In past three years, the stock has provided -8% return compared to 10.2% by NIFTY 50.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sharesguru Stock Score

INDOWIND

62/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Valuation

Market Cap144.1 Cr
Price/Earnings (Trailing)38.91
Price/Sales (Trailing)3.42
EV/EBITDA9.64
Price/Free Cashflow-6.86
MarketCap/EBT26.84
Enterprise Value161.05 Cr

Fundamentals

Revenue (TTM)42.12 Cr
Rev. Growth (Yr)-25.2%
Earnings (TTM)2.46 Cr
Earnings Growth (Yr)1.5%

Profitability

Operating Margin9%
EBT Margin13%
Return on Equity0.86%
Return on Assets0.76%
Free Cashflow Yield-14.57%

Growth & Returns

Price Change 1W13%
Price Change 1M5.9%
Price Change 6M-41.3%
Price Change 1Y-47.2%
3Y Cumulative Return-8%
5Y Cumulative Return19.3%
7Y Cumulative Return6.7%
10Y Cumulative Return9.1%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-22.5 Cr
Cash Flow from Operations (TTM)-9.17 Cr
Cash Flow from Financing (TTM)32.9 Cr
Cash & Equivalents1.07 Cr
Free Cash Flow (TTM)-29.24 Cr
Free Cash Flow/Share (TTM)-2.27

Balance Sheet

Total Assets324.02 Cr
Total Liabilities37.25 Cr
Shareholder Equity286.77 Cr
Current Assets50.4 Cr
Current Liabilities11.72 Cr
Net PPE163.09 Cr
Inventory12.87 Cr
Goodwill84.4 Cr

Capital Structure & Leverage

Debt Ratio0.06
Debt/Equity0.06
Interest Coverage0.6
Interest/Cashflow Ops-4.11

Dividend & Shareholder Returns

Shares Dilution (1Y)25%
Shares Dilution (3Y)79.4%
Pros

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Momentum: Stock price has a strong positive momentum. Stock is up 5.9% in last 30 days.

Cons

Size: It is a small market cap company and can be volatile.

Dilution: Company has a tendency to dilute it's stock investors.

Dividend: Stock hasn't been paying any dividend.

Past Returns: Underperforming stock! In past three years, the stock has provided -8% return compared to 10.2% by NIFTY 50.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Shares Dilution (1Y)25%
Earnings/Share (TTM)0.23

Financial Health

Current Ratio4.3
Debt/Equity0.06

Technical Indicators

RSI (14d)49.64
RSI (5d)100
RSI (21d)50.09
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalSell
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from Indowind Energy

Summary of Indowind Energy's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

During the earnings call held on November 24, 2025, management discussed the positive trajectory of Indowind Energy Limited, highlighting strong financial performance and a robust outlook for the future. The company reported a consolidated revenue of INR 17.74 crore for Q2 FY'26, up 11.46% from INR 15.92 crore in Q2 FY'25. EBITDA for the quarter grew by 15.58% to INR 10.53 crore, with EBITDA margins improving to 59.32%. Net profit was recorded at INR 4.7 crore, reflecting a year-on-year increase of 3.62%. For H1 FY'26, revenue reached INR 29.29 crore, a year-on-year increase of 25.81%, with net profit rising 17.16% to INR 7.15 crore.

Management underscored the encouraging momentum in renewable energy adoption and emphasized their capability to generate reliable green power. They are advancing a 4 MW solar project through a rights issue worth INR 49.5 crore, aiming to enhance capacity and profitability. The promoter, Bala Venkat Kutti, indicated plans to add approximately 50 MW of capacity in the coming years through organic and inorganic growth avenues, including possible strategic partnerships. They remain focused on operational efficiencies, with a commitment to maintain strong O&M practices that have recently boosted machine availability.

Looking ahead, management is optimistic about sustaining growth, positioning the company favorably to meet increasing demand from corporates for clean energy. They remain dedicated to improving asset performance and delivering long-term value for stakeholders.

Question 1: Please tell us about your capacity under management and any planned additions for this fiscal year and next year?

Answer: We currently manage approximately 54 megawatts of wind farms. We aim to add around 50 megawatts of solar over the next few years, depending on funding and government support.

Question 2: Do you handle EPC work or just project management?

Answer: We construct projects but do not regular EPC manufacturing. We build projects and sometimes sell them, maintaining long-term arrangements to take them back after agreed periods.

Question 3: What is your O&M capacity and do you outsource any services?

Answer: We handle most O&M in-house, but we outsource around 20 megawatts when required. In the future, we plan to strengthen our in-house capabilities for O&M.

Question 4: What types of solar projects are you considering?

Answer: Our current solar project is a 4 megawatt independent project in Karnataka. We're also exploring hybrid projects combining solar with existing wind capacities, particularly in Tamil Nadu.

Question 5: How much funding do you aim to raise through your rights issue?

Answer: We are looking to raise approximately INR 49.5 crore through the rights issue, with promoters planning to take up their entire quota.

Question 6: Can you maintain your high EBITDA margins as you expand into solar?

Answer: Yes, while solar has lower initial costs, it complements wind generation. We expect the efficiency improvements to sustain or even enhance our EBITDA margins over time.

Question 7: What growth guidance can you provide for this fiscal year?

Answer: With new projects like the 4 megawatt solar, we expect to outperform the industry growth rate in power production, especially starting from Q1 of the next financial year.

Question 8: Is Indowind considering strategic partnerships or joint ventures?

Answer: Yes, we are open to partnerships, especially as we have substantial land banks and are exploring ways to optimize our existing assets for hybrid projects.

Question 9: How do you plan to enhance asset monitoring and digitization?

Answer: We currently use SIM cards in machines for data collection and plan to increase our digitization efforts with mobile platforms and the potential for data center opportunities.

Question 10: What are your execution priorities for the upcoming quarters?

Answer: Our top priorities include improving machine availability, completing the 4 megawatts solar project, and pursuing expansions and acquisitions to enhance our business operations.

Share Holdings

Understand Indowind Energy ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
SOURA CAPITAL PRIVATE LIMITED12.2%
INDUS CAPITAL PRIVATE LIMITED9%
SOURA INVESTMENTS HOLDINGS PRIVATE LIMITED8.93%
LOYAL CREDIT AND INVESTMENTS LIMITED8.3%
BALA VENCKAT KUTTI6.17%
COMMENDAM INVESTMENTS PRIVATE LIMITED1.73%
INDUS FINANCE LIMITED1.45%
K. S. RAVINDRANATH1.04%
K B PRATHADEVI0.6%
MANOHARAN V KUTTI0.47%
SHALINI KUTTI0.03%
AMITH KUTTI0%
KV BALA HUF0%
KANCHANAMALA0%
BEKAE PROPERTIES PRIVATE LIMITED0%
EVERON WORLD PRIVATE LIMITED0%
QUANTUM LIMITED0%
INDUS NUTRI POWER PRIVATE LIMITED0%
INDONET GLOBAL LIMITED0%
EVER ON POWER LIMITED0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Indowind Energy Better than it's peers?

Detailed comparison of Indowind Energy against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr

Income Statement for Indowind Energy

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations-15.4%344034251925
Other Income14%2.32.140.92.442.060.68
Total Income-14.6%364235272125
Cost of Materials-107.1%0150118.2511
Employee Expense15.8%3.272.962.42.182.22.34
Finance costs-70.9%1.954.272.21.892.055.29
Depreciation and Amortization4.8%7.397.16.996.929.329.31
Other expenses354.5%205.18173.722.372.97
Total Expenses-8.8%323529272031
Profit Before exceptional items and Tax-55.3%3.516.615.70.150.26-5.58
Exceptional items before tax51.2%0-1.05-6.86005.64
Total profit before tax-45%3.515.56-1.160.150.260.07
Current tax42.1%0.780.6200.020.040.01
Deferred tax113.8%1.46-2.3318000
Total tax145.8%2.24-1.71180.020.040.01
Total profit (loss) for period-95.9%1.267.27-19.260.130.220.05
Other comp. income net of taxes16.5%0.04-0.15-2.051.6200
Total Comprehensive Income-95.1%1.37.12-21.311.740.220.05
Earnings Per Share, Basic-178.1%0.110.68-2.150.190.020.01
Earnings Per Share, Diluted-178.1%0.110.68-2.150.190.020.01
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations-70.5%6.0118124.87.9413
Other Income-1.2%0.180.190.011.830.340.11
Total Income-69.5%6.1918126.638.2813
Cost of Materials-000000
Employee Expense29.4%0.880.830.651.010.560.73
Finance costs-159.4%0.182.380.270.530.420.56
Depreciation and Amortization-106.1%0.843.612.421.090.744.51
Other expenses-12.1%5.746.395.696.14.236.08
Total Expenses-44.7%7.64139.038.548.359.42
Profit Before exceptional items and Tax-169.1%-1.444.532.52-1.91-0.064.04
Exceptional items before tax-1.6700000
Total profit before tax-121.8%0.234.532.52-1.91-0.064.04
Current tax-42.9%00.300.7800
Deferred tax16.3%-0.13-0.35-0.062.080-0.38
Total tax-7.6%-0.13-0.05-0.062.870-0.38
Total profit (loss) for period-117.9%0.364.582.29-4.770.024.41
Other comp. income net of taxes-0.06000.0200
Total Comprehensive Income-116.2%0.424.582.29-4.750.034.41
Earnings Per Share, Basic-54%0.030.370.2-0.3700.34
Earnings Per Share, Diluted-54%0.030.370.2-0.3700.34
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations-25%222928181619
Other Income-35%1.131.20.92.442.060.68
Total Income-24.1%233029201820
Cost of Materials-117.1%06.8405.74.115.44
Employee Expense17.9%2.912.622.362.182.22.34
Finance costs-57.3%2.263.952.21.892.055.29
Depreciation and Amortization3.8%7.226.996.996.929.329.31
Other expenses256.7%9.563.4113.612.222.88
Total Expenses-12.5%222523201825
Profit Before exceptional items and Tax-79.8%1.754.725.690.150.26-5.58
Exceptional items before tax-2100%01.05-6.86005.64
Total profit before tax-84.3%1.755.77-1.170.150.260.06
Current tax42.1%0.780.6200.020.040.01
Deferred tax-0.81018000
Total tax255.3%1.590.62180.020.040.01
Total profit (loss) for period-120.2%0.165.15-19.270.120.220.05
Other comp. income net of taxes165.5%1.550.16-3.861.6200
Total Comprehensive Income-83.5%1.715.31-23.121.740.220.05
Earnings Per Share, Basic-98%0.010.5-2.150.190.020.01
Earnings Per Share, Diluted-98%0.010.5-2.150.190.020.01
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations-72.4%4.31138.782.025.3910
Other Income-1.2%0.180.190.010.660.340.11
Total Income-70.9%4.49138.792.685.7310
Cost of Materials-000000
Employee Expense20.7%0.770.710.590.920.730.63
Finance costs-159.4%0.182.380.270.850.420.56
Depreciation and Amortization-107.4%0.813.572.3810.724.48
Other expenses-35.7%2.713.664.043.211.542.97
Total Expenses-61.6%4.46107.295.785.66.69
Profit Before exceptional items and Tax-153%0.032.831.5-3.10.133.5
Exceptional items before tax-1.6700000
Total profit before tax-61.7%1.72.831.5-3.10.133.5
Current tax-0000.7800
Deferred tax16.3%-0.13-0.35-0.061.430-0.38
Total tax16.3%-0.13-0.35-0.062.210-0.38
Total profit (loss) for period-61.9%1.833.181.56-5.310.133.88
Other comp. income net of taxes-0001.290.090.09
Total Comprehensive Income-61.9%1.833.181.56-4.020.223.97
Earnings Per Share, Basic-18.7%0.110.250.12-0.410.010.3
Earnings Per Share, Diluted-16%0.130.250.12-0.410.010.3

Balance Sheet for Indowind Energy

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-66.7%1.071.210.470.480.6722
Total current financial assets133.3%2210369.422131
Inventories1969%131.589.963.91164.44
Total current assets58.1%503260173753
Property, plant and equipment1.2%163161145150224154
Capital work-in-progress1225%1.450.960.960.960.960.96
Goodwill-8400000
Non-current investments0%0.040.040.040.049.050.04
Loans, non-current-216.3%01.863.240.53.280
Total non-current financial assets25%16131212219.78
Total non-current assets0.4%274273269295255260
Total assets--299----
Total assets--305----
Total assets6.2%324305329312292313
Borrowings, non-current1295.1%9.511.611937267.96
Total non-current financial liabilities1295.1%9.511.611937437.96
Provisions, non-current-000000
Total non-current liabilities47.1%261834534326
Borrowings, current72.2%8.515.360185.4352
Total current financial liabilities80.8%116.532.54201252
Provisions, current123.8%1.050.7900.621.261.26
Current tax liabilities--0-000.37
Total current liabilities63%127.752.74221456
Total liabilities--26----
Total liabilities--26----
Total liabilities44%372637745682
Equity share capital0%129129129107107107
Non controlling interest37.9%0.820.710.790.7-1.410.67
Total equity2.5%287280292238235231
Total equity and liabilities6.2%324305329312292313
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents-115%0.570.80.340.360.4422
Total current financial assets76.5%3118389.342531
Inventories700%5.641.585.851.667.383.05
Total current assets28.2%514057143251
Property, plant and equipment1.3%159157142147147154
Capital work-in-progress1225%1.450.960.960.960.960.96
Investment property--9.7--00
Non-current investments-9.709.79.79.260.72
Loans, non-current-000.7601.170
Total non-current financial assets43.8%241720192010
Total non-current assets2.3%268262267262254259
Total assets--295----
Total assets--302----
Total assets5.6%319302324277287310
Borrowings, non-current1295.1%9.511.61197.33257.96
Total non-current financial liabilities1295.1%9.511.61197.33257.96
Provisions, non-current-000000
Total non-current liabilities47.1%261834234226
Borrowings, current72.2%8.515.36017052
Total current financial liabilities109.5%126.252.35199.1252
Provisions, current-13.6%0.750.7800.621.261.26
Current tax liabilities----0-0.36
Total current liabilities69.5%127.492.35201056
Total liabilities--26----
Total liabilities--26----
Total liabilities48%382637435282
Equity share capital0%129129129107107107
Total equity1.8%281276288234234228
Total equity and liabilities5.6%319302324277287310

Cash Flow for Indowind Energy

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-70.9%1.954.272.21.89--
Change in inventories-129.8%-0.080.530.060.88--
Depreciation4.8%7.397.17.066.92--
Adjustments for interest income-0.61000.06--
Net Cashflows from Operations-133.4%-7.69271.142.47--
Interest paid-0001.15--
Interest received2%0-0.02-0.390.06--
Income taxes paid (refund)223.7%1.470.620.010.02--
Other inflows (outflows) of cash97.2%0-34.24-0.410--
Net Cashflows From Operating Activities-12.4%-9.17-8.050.331.35--
Proceeds from sales of PPE-0000.02--
Purchase of property, plant and equipment6685.7%201.2800--
Purchase of investment property-000.20--
Cash receipts from repayment of advances and loans made to other parties-0001.54--
Interest received61.8%0.61-0.020.390--
Income taxes paid (refund)-0000.02--
Other inflows (outflows) of cash89.1%-3.03-35.834.580--
Net Cashflows From Investing Activities38.4%-22.5-37.134.781.54--
Proceeds from issuing shares-410210--
Proceeds from borrowings-103.6%02900--
Repayments of borrowings-5.7203.855.31--
Interest paid-130.6%04.2700--
Other inflows (outflows) of cash96.4%-1.95-81.59-2.210--
Net Cashflows from Financing Activities155.7%33-56.4915-5.31--
Net change in cash and cash eq.100.2%1.24-101.6720-2.42--
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-57.3%2.263.952.21.89--
Change in inventories-407.7%-0.21.390.77-0.71--
Depreciation3.8%7.297.067.066.92--
Adjustments for interest income-2%00.0200.06--
Net Cashflows from Operations-136.5%-9.9631-0.362.29--
Interest received--0.940-0.390--
Income taxes paid (refund)52.6%0.820.620.010--
Other inflows (outflows) of cash97.2%0-34.83-0.410--
Net Cashflows From Operating Activities-145.6%-11.72-4.18-1.162.29--
Purchase of property, plant and equipment3929.8%190.5300.02--
Purchase of investment property-000.20--
Cash receipts from repayment of advances and loans made to other parties-0001.54--
Interest received-0.9400.390.06--
Other inflows (outflows) of cash75.6%-1.67-9.966.40--
Net Cashflows From Investing Activities-82.2%-19.93-10.496.591.58--
Proceeds from issuing shares-410210--
Proceeds from borrowings38.7%0-0.6300--
Repayments of borrowings-5.7203.855.33--
Interest paid-0001.15--
Other inflows (outflows) of cash34.1%-2.26-3.95-2.20--
Net Cashflows from Financing Activities673.5%33-4.5815-6.47--
Net change in cash and cash eq.99.7%0.94-19.2420-2.61--

What does Indowind Energy Ltd. do?

Power Generation•Power•Small Cap

Indowind Energy Limited generates and distributes power through windmills in India. The company involved in setting up, operating, and maintaining wind farms. It also provides project and asset management; and value addition services, as well as trades in and sells carbon credits. It serves corporates and state utilities customers. Indowind Energy Limited was incorporated in 1995 and is based in Chennai, India.

Industry Group:Power
Employees:69
Website:www.indowind.co.in

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.