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Indowind Energy Limited

NSE: INDOWIND · Unclassified

₹8.60-3.48%06 Nov 2026

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Instant answers about Indowind Energy Limited — computed from its filings, no language model
Market cap₹138 cr
Current price₹8.60
High / Low₹18 / ₹7
P/E—
P/B0.44
Book value₹19.4
ROE-1.3%
ROCE0.4%
Debt / equity0.05
Dividend yield—
EPS (TTM)₹-0.25
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 7 periods
FY18FY20FY21FY22FY23FY24FY26
Revenue26.224.818.624.634.039.740.3
EBITDA10.78.39.66.514.015.814.5
Operating margin40.9%33.7%51.4%26.5%41.2%39.9%36.0%
Interest7.75.32.01.92.24.32.9
Depreciation9.59.39.36.97.07.18.2
Profit before tax-23.60.10.30.1-1.25.61.4
Tax-2.60.00.00.018.1-1.71.3
Net profit0.00.00.00.0-19.30.00.0
EPS ₹-2.340.010.020.19-2.150.680.00
Operating cash flow———1.40.3-8.12.8
Capex———0.00.01.321.9
Dividend paid———0.00.00.00.0
Total assets————313.3312.4347.7
Equity————230.1237.2307.4

Quarterly performance

last 30 quarters · ₹ crore
showing latest 8 of 30 periods
MAR '18SEP '18DEC '18SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue2.813.24.412.62.63.43.59.15.20.76.28.94.25.27.77.14.57.617.99.74.45.513.37.911.517.66.05.28.315.4
Operating profit-2.58.8-0.07.3-2.3-0.94.14.30.80.43.55.40.3-2.64.50.90.25.810.30.7-0.92.99.00.85.210.3-0.6-2.14.38.2
Operating margin-88.2%66.5%-0.9%58.0%-88.4%-27.4%116.2%46.8%16.1%51.4%55.4%60.7%7.8%-50.2%58.1%12.4%5.5%76.1%57.4%7.4%-21.4%53.1%67.5%9.7%45.1%58.9%-10.1%-40.0%52.3%53.0%
Other income3.70.20.00.10.10.40.00.10.11.80.00.00.02.40.10.50.20.00.10.31.70.00.10.30.00.20.20.00.10.2
Interest2.12.01.41.41.51.11.31.3-1.10.50.50.50.30.50.40.90.41.31.90.70.40.40.60.40.32.40.20.10.30.6
Depreciation-0.56.50.75.20.90.62.24.61.51.12.04.30.40.22.50.40.02.14.40.30.31.04.50.72.43.60.81.32.43.8
Profit before tax-24.3-4.13.10.7-4.53.40.6-1.50.60.71.00.6-0.4-1.01.70.1-6.81.44.00.10.01.44.0-0.12.54.50.2-5.91.84.0
Tax-2.60.00.00.00.00.00.00.00.00.00.00.00.00.00.00.018.1-0.3-0.90.1-0.6-0.2-0.40.0-0.1-0.1-0.11.6-0.31.0
Net profit0.00.03.20.00.00.00.00.00.00.00.00.0-0.20.00.00.1-24.91.50.00.00.00.04.40.02.34.60.4-7.50.03.1
EPS ₹-2.410.450.350.08-0.500.320.02-0.170.060.060.120.06-0.050.060.180.02-2.770.160.470.010.060.160.340.000.200.370.03-0.460.130.19
Revenue YoY———-4.6%-41.0%——-27.7%102.7%-78.0%77.5%-2.8%-19.3%608.1%24.2%68.2%-13.9%-1.4%—37.0%-1.6%-28.4%-25.5%-18.4%111.4%31.6%-24.3%—-28.1%-12.4%
Profit YoY————-100.0%——————————————-100.0%—-100.0%———3.9%1700.0%—-100.0%-33.0%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Indowind Energy Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

FY09†FY10†FY11†FY13†FY14†FY15†FY16†FY17†
Revenue57.262.455.023.425.819.615.623.9
Operating profit11.422.019.612.814.98.27.315.3
Operating margin19.9%35.2%35.7%54.9%58.0%41.6%46.7%63.8%
Other income5.56.12.6——5.1—2.2
Interest—3.45.23.94.76.06.76.4
Depreciation3.46.28.68.19.57.57.610.9
Profit before tax12.218.58.53.32.70.50.30.1
Tax2.70.10.80.02.50.3-0.4-1.5
Net profit9.418.47.73.20.20.20.71.6

Quarters

showing latest 8 of 41 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†
Revenue3.35.40.613.44.67.331.98.836.45.212.09.79.729.95.87.09.32.66.911.23.61.68.610.93.33.08.28.51.31.64.98.40.91.47.111.44.11.38.110.53.3
Operating profit2.00.0-1.93.03.12.72.66.87.32.85.17.77.53.31.05.56.30.74.77.51.9-1.45.87.21.40.64.55.1-0.7-0.73.06.1-0.9-0.95.47.71.70.45.96.80.7
Operating margin60.9%0.4%-341.8%22.3%67.0%36.9%8.1%76.8%20.0%54.3%42.8%80.0%78.0%11.1%18.0%77.9%68.3%26.5%69.1%67.1%51.9%-84.0%67.2%66.3%40.8%20.7%54.6%59.3%-56.7%-40.5%61.7%72.4%-105.6%-61.7%76.6%68.0%40.5%32.1%72.5%64.3%22.1%
Other income0.71.82.94.01.00.60.02.20.23.40.30.00.11.31.2——1.10.0—0.02.4—0.00.81.10.00.13.02.00.6—2.34.40.40.10.61.1—0.22.6
Interest————0.40.50.50.20.51.11.41.31.31.21.31.21.61.11.11.10.90.91.61.61.20.51.41.51.71.41.41.50.53.31.41.81.71.62.11.81.7
Depreciation0.30.30.30.31.01.01.01.71.81.80.92.83.22.10.52.43.00.72.34.90.70.23.24.60.80.92.73.50.60.72.24.10.80.54.45.50.50.63.64.81.6
Profit before tax2.41.60.76.62.71.71.17.15.23.23.13.63.11.30.51.81.70.01.41.60.30.01.01.10.20.40.30.10.00.00.00.60.1-0.30.10.70.0-0.70.20.40.0
Tax0.10.20.22.20.10.20.20.00.10.2-0.20.50.10.00.10.10.1-0.4-0.00.2-0.0-0.10.11.01.20.10.00.00.00.30.00.00.0-0.40.00.00.0-1.50.00.00.0
Net profit2.31.40.54.42.61.50.97.15.03.03.33.13.01.30.31.71.60.41.41.40.30.10.80.1-1.00.30.30.10.0-0.30.00.60.10.10.10.70.00.90.20.40.0
EPS ₹0.480.270.110.930.540.320.191.481.050.630.690.630.610.250.060.190.180.050.160.160.030.020.11-0.01-0.100.020.040.01—-0.03—0.060.010.010.010.080.000.090.030.04—
Revenue YoY————41.6%35.7%5696.4%-34.0%685.3%-29.7%-62.3%9.6%-73.4%478.9%-52.0%-27.6%-3.8%-54.9%-2.1%21.0%—-37.7%24.9%-3.3%-9.1%84.6%-4.3%-21.6%-61.6%-45.5%-40.7%-1.2%-29.1%-13.5%46.1%35.0%357.8%-5.0%14.1%-7.5%-20.9%
Profit YoY————11.3%10.9%80.4%59.7%94.9%98.0%259.8%-55.5%-39.3%-58.4%-90.9%-45.2%-45.7%40.0%-18.6%-12.7%—-73.8%-40.7%-96.5%-437.9%154.5%-59.0%160.0%—-192.9%-97.1%323.1%133.3%—700.0%23.6%-85.7%760.0%212.5%-42.6%0.0%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 18 periods
JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '26JUN '26SEP '26
ROE—————————-9.9%-9.9%0.6%0.0%1.5%1.5%-0.1%-0.8%-1.3%
ROCE—————————1.2%1.1%3.4%3.1%2.5%2.4%1.4%1.1%0.4%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%-1.1%-0.9%-0.8%-62.9%-58.9%3.8%0.0%13.4%14.2%-0.6%-6.8%-11.5%
EBITDA margin37.1%27.7%39.0%51.4%41.9%47.7%47.6%26.6%29.1%46.4%42.9%39.9%34.5%35.4%37.6%31.8%32.3%28.0%
Debt / equity—————————0.130.130.230.230.070.070.030.030.05
Interest coverage1.040.602.151.131.617.931.981.081.440.710.692.302.643.673.951.461.211.06
Asset turnover—————————0.130.140.130.120.100.090.120.110.10

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 7 periods
MAR '23SEP '23MAR '24SEP '24SEP '25MAR '26SEP '26
Share capital107.3107.3107.3128.8128.8161.0161.0
Other equity / reserves122.8129.2129.8162.1157.1146.4151.5
Total equity230.1236.5237.2290.9285.9307.4312.5
Borrowings60.031.355.219.318.09.514.6
Current liabilities56.413.821.52.711.71.77.0
Non-current liabilities26.042.653.034.225.537.938.6
Total assets313.3291.5312.4328.6324.0347.7358.9
Property, plant & equipment153.7224.2150.2144.7163.1163.9157.9
Capital work-in-progress1.01.01.01.01.412.320.7
Investments0.09.10.00.00.00.00.0
Inventories4.415.63.910.012.91.81.6
Receivables8.28.58.411.010.83.83.4
Cash & equivalents21.80.70.50.51.18.71.6

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY26
Cash from operations1.40.3-8.12.8
Cash from investing1.54.8-37.1-33.8
Cash from financing-5.315.1-56.538.5
Capex0.00.01.321.9
Free cash flow1.40.3-9.3-19.1
Dividends paid0.00.00.00.0

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹157.9 cr44%
CWIP
₹20.7 cr6%
Investments
₹0.0 cr0%
Inventories
₹1.6 cr0%
Receivables
₹3.4 cr1%
Cash & equivalents
₹1.6 cr0%
Other assets
₹173.5 cr48%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Indowind Energy Limited1388.60—0.44-1.3%

StoxGud checklist: Bearish setup · 2/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+0.2%
6 months-19.5%
1 year-44.3%
3Y CAGR-17.8%
5Y CAGR-4.5%
10Y CAGR+6.3%
50-day avg₹8.66
200-day avg₹9.56
RSI (14)53

FAQs

What is the share price of Indowind Energy Limited?

Indowind Energy Limited (INDOWIND) closed at ₹8.60 on NSE on 06 Nov 2026.

What is the market cap of Indowind Energy Limited?

₹138 crore at the latest close.

How fast is Indowind Energy Limited growing?

Indowind Energy Limited: revenue has compounded at 18.0% a year over three years. Latest-quarter revenue is down 12.4% year on year, profit down 33.0%.

How profitable is Indowind Energy Limited?

On a trailing-twelve-month basis return on equity is -1.3%, return on capital employed 0.4%, operating margin 28.0%, net margin -11.5%.

How much debt does Indowind Energy Limited have?

Indowind Energy Limited is debt-free: debt to equity is 0.05 with borrowings of ₹15 cr against cash of ₹2 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.1 times.

Financials parsed from Indowind Energy Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.