Skip to main content
Swing Capital

Indowind Energy Ltd

NSE: INDOWIND BSE: 532894Energy

Incorporated in 1995, Indowind Energy Ltd is in the business of generation and distribution of power through windmills[1]

₹9.85
52W: ₹7 — ₹23.1
PE 0 · Book ₹17.4 · -43% vs book
Market Cap₹159 Cr
Stock P/E—Price to Earnings
ROCE1.48%Return on Capital
ROE0.06%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Stock is trading at 0.56 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 3.40% over past five years.
  • −Company has a low return on equity of 1.69% over last 3 years.
  • −Contingent liabilities of Rs.55.8 Cr.
  • −Promoters have pledged 25.3% of their holding.
  • −Working capital days have increased from 100 days to 509 days

Shareholding Pattern

Promoters48.2%
FIIs0%
DIIs0%
Public51.79%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.76%47.17%▼3.647.16%▼0.047.16%47.16%47.16%47.82%▲0.748.2%▲0.4
FIIs0.24%0.01%▼0.20.03%▲0.00.02%▼0.00.01%▼0.00.05%▲0.00%▼0.10%
DIIs0%0%0%0%0%0%0%0%
Public49%52.84%▲3.852.82%▼0.052.82%52.84%▲0.052.78%▼0.152.18%▼0.651.79%▼0.4

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales13.977.122.312.8712.043.212.028.7812.974.31
Expenses3.817.272.740.223.612.283.934.644.383.47
Operating Profit10.16-0.15-0.432.658.430.93-1.914.148.590.84
OPM %72.73%-2.11%-18.61%92.33%70.02%28.97%-94.55%47.15%66.23%19.49%
Net Profit4.95-1.180.621.463.880.13-5.311.563.181.83
EPS ₹0.31-0.070.040.090.240.01-0.330.10.20.11

AI Insights

Revenue Trend

TTM revenue at ₹28.08Cr, up 25.6% YoY. OPM at 41.52%.

Debt Position

Borrowings at ₹18.02Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1.45Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (-3.73pp change). FIIs: 0% (+0.00pp change). Promoters hold 48.2%.

Margin & Efficiency

ROCE declining from 1.87% (Mar 2014) to 1.48% (Mar 2025). Working capital days: 508.65.

Recent Announcements