INDOWIND

Indowind Energy Limited

Indowind Energy Limited (INDOWIND) financial statements and selected valuation metrics through 30 June 2026.

Utilities›Power›Power›Power Generation

indowind.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹8.45
Market cap
136 Cr
Stock P/E
Loss (TTM EPS ₹-0.00)
P/B
0.44
ROE (FY26)
0.0%
ROCE (FY26)
1.3%
Operating margin (FY26)
15.6%
Debt / equity (FY26)
0.03
OCF / EBITDA (FY26)
19.1%
OCF / EBITDA (3Y)
-35.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Indowind Energy generates wind power at windmills in Tamil Nadu and Karnataka and sells it to the Karnataka distribution company BESCOM and to private customers, and it reports this as its only segment.

Company snapshot

25thBy market cap

Ranked among 27 companies in Power Generation.

Segment mix

Reportable segments as of 2018-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Power
100.0%
26 Cr8 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 0.0% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales18 Cr10 Cr4 Cr5 Cr13 Cr8 Cr5 Cr12 Cr18 Cr6 Cr5 Cr8 Cr
Operating expenses (approx.)8 Cr9 Cr5 Cr3 Cr4 Cr7 Cr7 Cr6 Cr7 Cr7 Cr7 Cr4 Cr
EBITDA10 Cr0.72 Cr-0.95 Cr3 Cr9 Cr0.77 Cr-2 Cr5 Cr10 Cr-0.61 Cr-2 Cr4 Cr
OPM %57.4%7.4%-21.5%53.1%67.4%9.6%-44.0%45.0%58.9%-10.1%-40.0%52.3%
Other income0.05 Cr0.30 Cr2 Cr0.02 Cr0.11 Cr0.34 Cr2 Cr0.01 Cr0.19 Cr0.18 Cr0.04 Cr0.13 Cr
Interest2 Cr0.66 Cr0.44 Cr0.43 Cr0.56 Cr0.42 Cr0.53 Cr0.27 Cr2 Cr0.18 Cr0.10 Cr0.29 Cr
Depreciation4 Cr0.30 Cr0.32 Cr1 Cr5 Cr0.74 Cr1 Cr2 Cr4 Cr0.84 Cr1 Cr2 Cr
Profit before tax4 Cr0.07 Cr0.03 Cr1 Cr4 Cr0.02 Cr-2 Cr2 Cr5 Cr0.23 Cr-6 Cr2 Cr
Tax %-22.8%198.4%-1812.7%-17.9%-9.4%-1.8%-150.1%-2.6%-1.0%-56.2%-26.6%-17.3%
Net profit5 Cr-0.07 Cr0.63 Cr2 Cr4 Cr0.02 Cr-5 Cr2 Cr5 Cr0.36 Cr-7 Cr2 Cr
EPS (₹)₹0.47₹0.01₹0.06₹0.16₹0.34₹0.00₹-0.37₹0.20₹0.37₹0.03₹-0.46₹0.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales26 Cr26 Cr22 Cr25 Cr19 Cr25 Cr34 Cr40 Cr34 Cr40 CrSign in free for the trailing twelve months
Operating expenses (approx.)11 Cr15 Cr16 Cr16 Cr9 Cr18 Cr20 Cr24 Cr23 Cr26 CrSign in free for the trailing twelve months
EBITDA15 Cr11 Cr6 Cr8 Cr10 Cr7 Cr14 Cr16 Cr11 Cr15 CrSign in free for the trailing twelve months
OPM %55.8%40.9%28.0%33.6%51.4%26.6%41.2%39.9%31.5%36.0%Sign in free for the trailing twelve months
Other income2 Cr7 Cr0.57 Cr0.68 Cr2 Cr2 Cr0.90 Cr2 Cr2 Cr0.42 CrSign in free for the trailing twelve months
Interest7 Cr8 Cr7 Cr5 Cr2 Cr2 Cr2 Cr4 Cr2 Cr3 CrSign in free for the trailing twelve months
Depreciation14 Cr9 Cr9 Cr9 Cr9 Cr7 Cr7 Cr7 Cr7 Cr8 CrSign in free for the trailing twelve months
Profit before tax-3 Cr-24 Cr-10 Cr0.06 Cr0.26 Cr0.15 Cr-1 Cr6 Cr4 Cr1 CrSign in free for the trailing twelve months
Tax %42.9%11.2%-27.7%17.5%15.7%16.1%-1556.3%-30.7%63.9%100.0%Sign in free for the trailing twelve months
Net profit-2 Cr-21 Cr-12 Cr0.05 Cr0.22 Cr0.13 Cr-19 Cr7 Cr1 Cr0.0004 CrSign in free for the trailing twelve months
EPS (₹)₹-2.21₹-2.34₹-1.37₹0.01₹0.02₹0.19₹-2.15₹0.68₹0.11₹0.00Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%—0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital90 Cr90 Cr90 Cr90 Cr90 Cr90 Cr107 Cr107 Cr129 Cr161 Cr
Reserves144 Cr123 Cr111 Cr110 Cr139 Cr141 Cr123 Cr130 Cr150 Cr146 Cr
Borrowings100 Cr91 Cr92 Cr88 Cr58 Cr12 Cr60 Cr55 Cr7 Cr10 Cr
Other liabilities6 Cr8 Cr10 Cr5 Cr5 Cr45 Cr22 Cr19 Cr19 Cr30 Cr
Total liabilities339 Cr311 Cr302 Cr294 Cr292 Cr288 Cr313 Cr312 Cr305 Cr348 Cr
Fixed assets (net)262 Cr247 Cr252 Cr249 Cr244 Cr236 Cr154 Cr150 Cr161 Cr164 Cr
CWIP9 Cr7 Cr0.40 Cr0 Cr0.96 Cr0.96 Cr0.96 Cr0.96 Cr0.96 Cr12 Cr
Investments10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr0.04 Cr0.04 Cr0.04 Cr0.04 Cr
Inventories1 Cr0.14 Cr0.74 Cr0.32 Cr5 Cr5 Cr4 Cr4 Cr2 Cr2 Cr
Trade receivables6 Cr6 Cr6 Cr5 Cr5 Cr8 Cr8 Cr8 Cr5 Cr4 Cr
Cash & bank2 Cr0.67 Cr0.46 Cr2 Cr4 Cr2 Cr22 Cr0.48 Cr1 Cr9 Cr
Other assets49 Cr40 Cr33 Cr28 Cr21 Cr26 Cr124 Cr148 Cr135 Cr157 Cr
Total assets339 Cr311 Cr302 Cr294 Cr292 Cr288 Cr313 Cr312 Cr305 Cr348 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity8 Cr7 Cr5 Cr10 Cr-3 Cr1 Cr0.33 Cr-8 Cr-9 Cr3 Cr
Cash from investing-7 Cr10 Cr2 Cr0.97 Cr6 Cr2 Cr5 Cr-37 Cr-22 Cr-34 Cr
Cash from financing-0.63 Cr-18 Cr-7 Cr-9 Cr-0.74 Cr-5 Cr15 Cr-56 Cr33 Cr39 Cr
Net cash flow0.64 Cr-0.96 Cr-0.21 Cr1 Cr2 Cr-2 Cr20 Cr-102 Cr1 Cr8 Cr
Free cash flow (OCF − Capex)1 Cr—4 Cr7 Cr-3 Cr1 Cr0.33 Cr-9 Cr-29 Cr-19 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %1.0%-5.3%-0.9%1.9%0.8%0.8%0.4%3.4%1.9%1.3%
ROE %-0.9%-9.9%-6.1%0.0%0.1%0.1%-8.3%3.1%0.5%0.0%
Debtor days8984966910012088775934
Inventory days757351123715148961716
Days payable4265278256210571313
Cash conversion cycle12226104-22812491361166337
OCF / EBITDA %54.8%69.8%86.8%117.1%-31.5%20.7%2.4%-50.8%-86.9%19.1%
OCF / EBITDA % (3 years)——66.2%89.6%50.2%33.2%-4.4%-17.5%-41.8%-35.3%
Debt / equity0.430.430.460.440.250.050.260.230.020.03
Current ratio3.191.451.882.053.660.360.940.804.1625.61
Net debt / EBITDA6.77—14.9210.355.601.572.743.450.550.05