Inox Green Energy Services Ltd.
•₹ 178.341.86%
2026-08-21
PROS
- Company is almost debt free
- Latest quarter profit grew 82.2% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 10.17x)
CONS
- A large part of profit comes from other income (157.3% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of -0.3% over last 3 years
- Company has a low return on capital employed of 3.0%
- Operating cash flow has been negative in recent years
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 1595.20 | 1087.26 | 43212.30 | 1005.52 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | INOXGREEN | 174.80 | 57.96 | 7018.08 | 0.00 | 40.79 | 82.18 | 43.29 | -22.97 | 2.91 | -2.17 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57 | 47 | 60 | 52 | 51 | 55 | 61 | 65 | 56 | 86 | 82 | 69 | 43 | |
| 34 | 34 | 40 | 41 | 34 | 37 | 46 | 68 | 50 | 77 | 59 | 71 | 47 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 11 | 1 | 32 | 4 | 9 | 13 | 21 | 42 | 44 | 30 | 51 | 58 |
| Interest | 5 | 7 | 5 | 9 | 6 | 5 | 4 | 4 | 4 | 1 | 2 | 2 | 2 |
| Depreciation | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 0 | 11 | 10 | 11 | 0 | 0 |
| 6 | 4 | 2 | 21 | 2 | 10 | 11 | 13 | 33 | 41 | 40 | 46 | 54 | |
| Tax % | 36.57% | 13.37% | 66.52% | -3.86% | 47.19% | 37.13% | 47.33% | 36.79% | 32.13% | 31.35% | 38.06% | 37.34% | 25.11% |
| Net Profit | 0 | 0 | 0 | 0 | 41 | 6 | 5 | 6 | 22 | 28 | 25 | 28 | 41 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 292 | 294 | 294 | 294 | 294 | 364 | 367 | 367 | 367 | 367 | 375 | 401 | 401 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 292 | 294 | 294 | 294 | 294 | 364 | 367 | 367 | 367 | 367 | 375 | 401 | 401 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 57
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 13
- 6
- Tax %
- 36.57%
- Net Profit
- 0
- 0
- Equity Capital
- 292
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 292
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 47
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 7
- Depreciation
- 13
- 4
- Tax %
- 13.37%
- Net Profit
- 0
- 0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 60
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 13
- 2
- Tax %
- 66.52%
- Net Profit
- 0
- 0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 52
- 41
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 9
- Depreciation
- 13
- 21
- Tax %
- -3.86%
- Net Profit
- 0
- 0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 51
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 13
- 2
- Tax %
- 47.19%
- Net Profit
- 41
- 0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 55
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 5
- Depreciation
- 13
- 10
- Tax %
- 37.13%
- Net Profit
- 6
- 0
- Equity Capital
- 364
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 364
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 61
- 46
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 4
- Depreciation
- 13
- 11
- Tax %
- 47.33%
- Net Profit
- 5
- 0
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 65
- 68
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 4
- Depreciation
- 0
- 13
- Tax %
- 36.79%
- Net Profit
- 6
- 0
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 56
- 50
- Operating Profit
- —
- OPM %
- —
- Other Income
- 42
- Interest
- 4
- Depreciation
- 11
- 33
- Tax %
- 32.13%
- Net Profit
- 22
- 1
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 86
- 77
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 1
- Depreciation
- 10
- 41
- Tax %
- 31.35%
- Net Profit
- 28
- 1
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 82
- 59
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 2
- Depreciation
- 11
- 40
- Tax %
- 38.06%
- Net Profit
- 25
- 1
- Equity Capital
- 375
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 375
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 69
- 71
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 2
- Depreciation
- 0
- 46
- Tax %
- 37.34%
- Net Profit
- 28
- 1
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 43
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 58
- Interest
- 2
- Depreciation
- 0
- 54
- Tax %
- 25.11%
- Net Profit
- 41
- 0
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 368 | 208 | 401 | 172 | 172 | 250 | 224 | 236 | 280 | |
| 368 | 167 | 298 | 90 | 90 | 193 | 149 | 184 | 255 | |
| Operating Profit | 2 | 43 | 110 | 96 | 100 | 97 | 112 | 107 | — |
| OPM % | 0 | 21 | 27 | 56 | 58 | 39 | 50 | 45 | — |
| Other Income | 2 | 2 | 7 | 14 | 18 | 40 | 37 | 55 | 182 |
| Interest | 65 | 100 | 147 | 61 | 55 | 57 | 25 | 19 | 7 |
| Depreciation | 17 | 28 | 40 | 49 | 50 | 58 | 53 | 53 | 22 |
| -80 | -85 | -78 | -32 | -5 | -18 | 33 | 35 | 181 | |
| Tax % | 29 | 38 | 33 | 14 | -5 | -156 | 11 | 44 | 32 |
| Net Profit | -57 | -53 | -52 | -28 | -5 | -46 | 30 | 19 | 122 |
| EPS | -11,329 | -22 | -6 | -13 | -4 | -3 | 1 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -2 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -11,329 | -9 | -4 | -12 | -4 | -2 | 1 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -2 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -11,329 | -9 | -4 | -12 | -4 | -2 | 1 | 1 | — |
Mar 2018
- 368
- 368
- Operating Profit
- 2
- OPM %
- 0
- Other Income
- 2
- Interest
- 65
- Depreciation
- 17
- -80
- Tax %
- 29
- Net Profit
- -57
- EPS
- -11,329
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11,329
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11,329
Mar 2019
- 208
- 167
- Operating Profit
- 43
- OPM %
- 21
- Other Income
- 2
- Interest
- 100
- Depreciation
- 28
- -85
- Tax %
- 38
- Net Profit
- -53
- EPS
- -22
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
Mar 2020
- 401
- 298
- Operating Profit
- 110
- OPM %
- 27
- Other Income
- 7
- Interest
- 147
- Depreciation
- 40
- -78
- Tax %
- 33
- Net Profit
- -52
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2021
- 172
- 90
- Operating Profit
- 96
- OPM %
- 56
- Other Income
- 14
- Interest
- 61
- Depreciation
- 49
- -32
- Tax %
- 14
- Net Profit
- -28
- EPS
- -13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -12
Mar 2022
- 172
- 90
- Operating Profit
- 100
- OPM %
- 58
- Other Income
- 18
- Interest
- 55
- Depreciation
- 50
- -5
- Tax %
- -5
- Net Profit
- -5
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2023
- 250
- 193
- Operating Profit
- 97
- OPM %
- 39
- Other Income
- 40
- Interest
- 57
- Depreciation
- 58
- -18
- Tax %
- -156
- Net Profit
- -46
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2024
- 224
- 149
- Operating Profit
- 112
- OPM %
- 50
- Other Income
- 37
- Interest
- 25
- Depreciation
- 53
- 33
- Tax %
- 11
- Net Profit
- 30
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 236
- 184
- Operating Profit
- 107
- OPM %
- 45
- Other Income
- 55
- Interest
- 19
- Depreciation
- 53
- 35
- Tax %
- 44
- Net Profit
- 19
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 280
- 255
- Operating Profit
- —
- OPM %
- —
- Other Income
- 182
- Interest
- 7
- Depreciation
- 22
- 181
- Tax %
- 32
- Net Profit
- 122
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- -10%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 36%
- 1 Year:
- 12%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- -11%
- 3 Years:
- 0%
- Last Year:
- 1%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - |
| 0 | 57 | 116 | 129 | 235 | 292 | 294 | 367 | |
| 2 | -8 | -20 | -119 | 572 | 794 | 851 | 1,448 | |
| 408 | 628 | 776 | 1,062 | 585 | 331 | 85 | 176 | |
| Trade Payables | 326 | 378 | 411 | 519 | 80 | 109 | 56 | 55 |
| 772 | 814 | 996 | 1,003 | 524 | 487 | 703 | 361 | |
| Total Liabilities | 1,508 | 1,869 | 2,280 | 2,594 | 1,996 | 2,012 | 1,989 | 2,407 |
| ASSETS | - | - | - | - | - | - | - | - |
| 500 | 512 | 776 | 765 | 953 | 1,095 | 755 | 704 | |
| Capital Work in Progress | 10 | 59 | 26 | 251 | 133 | 7 | 7 | 7 |
| 0 | 71 | 72 | 33 | 33 | 0 | 0 | 446 | |
| 281 | 415 | 359 | 355 | 21 | 31 | 71 | 97 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 131 | 180 | |
| Cash & Bank | 45 | 10 | 18 | 130 | 110 | 47 | 15 | 48 |
| 673 | 803 | 1,028 | 1,061 | 746 | 831 | 1,010 | 924 | |
| Total Assets | 1,508 | 1,869 | 2,280 | 2,594 | 1,996 | 2,012 | 1,989 | 2,407 |
| Total Debt | 956 | 1,154 | 1,085 | 1,444 | 904 | 595 | 174 | 181 |
| Net Working Capital | -170 | -341 | -945 | -1,191 | -411 | -104 | 145 | 707 |
| Contingent Liabilities | 34 | 36 | 101 | 81 | 309 | 589 | 147 | 46 |
| Book Value per Share | 360.04 | 8.60 | 8.31 | 0.78 | 34.32 | 37.19 | 39.00 | 49.44 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 956 | 1,154 | 1,085 | 1,444 | 904 | 595 | 174 | 181 |
| Net Working Capital | -170 | -341 | -945 | -1,191 | -411 | -104 | 145 | 707 |
| Contingent Liabilities | 34 | 36 | 101 | 81 | 309 | 589 | 147 | 46 |
| Book Value per Share | 360.04 | 8.60 | 8.31 | 0.78 | 34.32 | 37.19 | 39.00 | 49.44 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2018
- 0
- 2
- 408
- Trade Payables
- 326
- 772
- Total Liabilities
- 1,508
- 500
- Capital Work in Progress
- 10
- 0
- 281
- 0
- Cash & Bank
- 45
- 673
- Total Assets
- 1,508
- Total Debt
- 956
- Net Working Capital
- -170
- Contingent Liabilities
- 34
- Book Value per Share
- 360.04
- Face Value
- 10.00
- Total Debt
- 956
- Net Working Capital
- -170
- Contingent Liabilities
- 34
- Book Value per Share
- 360.04
- Face Value
- 10.00
Mar 2019
- 57
- -8
- 628
- Trade Payables
- 378
- 814
- Total Liabilities
- 1,869
- 512
- Capital Work in Progress
- 59
- 71
- 415
- 0
- Cash & Bank
- 10
- 803
- Total Assets
- 1,869
- Total Debt
- 1,154
- Net Working Capital
- -341
- Contingent Liabilities
- 36
- Book Value per Share
- 8.60
- Face Value
- 10.00
- Total Debt
- 1,154
- Net Working Capital
- -341
- Contingent Liabilities
- 36
- Book Value per Share
- 8.60
- Face Value
- 10.00
Mar 2020
- 116
- -20
- 776
- Trade Payables
- 411
- 996
- Total Liabilities
- 2,280
- 776
- Capital Work in Progress
- 26
- 72
- 359
- 0
- Cash & Bank
- 18
- 1,028
- Total Assets
- 2,280
- Total Debt
- 1,085
- Net Working Capital
- -945
- Contingent Liabilities
- 101
- Book Value per Share
- 8.31
- Face Value
- 10.00
- Total Debt
- 1,085
- Net Working Capital
- -945
- Contingent Liabilities
- 101
- Book Value per Share
- 8.31
- Face Value
- 10.00
Mar 2021
- 129
- -119
- 1,062
- Trade Payables
- 519
- 1,003
- Total Liabilities
- 2,594
- 765
- Capital Work in Progress
- 251
- 33
- 355
- 0
- Cash & Bank
- 130
- 1,061
- Total Assets
- 2,594
- Total Debt
- 1,444
- Net Working Capital
- -1,191
- Contingent Liabilities
- 81
- Book Value per Share
- 0.78
- Face Value
- 10.00
- Total Debt
- 1,444
- Net Working Capital
- -1,191
- Contingent Liabilities
- 81
- Book Value per Share
- 0.78
- Face Value
- 10.00
Mar 2022
- 235
- 572
- 585
- Trade Payables
- 80
- 524
- Total Liabilities
- 1,996
- 953
- Capital Work in Progress
- 133
- 33
- 21
- 0
- Cash & Bank
- 110
- 746
- Total Assets
- 1,996
- Total Debt
- 904
- Net Working Capital
- -411
- Contingent Liabilities
- 309
- Book Value per Share
- 34.32
- Face Value
- 10.00
- Total Debt
- 904
- Net Working Capital
- -411
- Contingent Liabilities
- 309
- Book Value per Share
- 34.32
- Face Value
- 10.00
Mar 2023
- 292
- 794
- 331
- Trade Payables
- 109
- 487
- Total Liabilities
- 2,012
- 1,095
- Capital Work in Progress
- 7
- 0
- 31
- 0
- Cash & Bank
- 47
- 831
- Total Assets
- 2,012
- Total Debt
- 595
- Net Working Capital
- -104
- Contingent Liabilities
- 589
- Book Value per Share
- 37.19
- Face Value
- 10.00
- Total Debt
- 595
- Net Working Capital
- -104
- Contingent Liabilities
- 589
- Book Value per Share
- 37.19
- Face Value
- 10.00
Mar 2024
- 294
- 851
- 85
- Trade Payables
- 56
- 703
- Total Liabilities
- 1,989
- 755
- Capital Work in Progress
- 7
- 0
- 71
- 131
- Cash & Bank
- 15
- 1,010
- Total Assets
- 1,989
- Total Debt
- 174
- Net Working Capital
- 145
- Contingent Liabilities
- 147
- Book Value per Share
- 39.00
- Face Value
- 10.00
- Total Debt
- 174
- Net Working Capital
- 145
- Contingent Liabilities
- 147
- Book Value per Share
- 39.00
- Face Value
- 10.00
Mar 2025
- 367
- 1,448
- 176
- Trade Payables
- 55
- 361
- Total Liabilities
- 2,407
- 704
- Capital Work in Progress
- 7
- 446
- 97
- 180
- Cash & Bank
- 48
- 924
- Total Assets
- 2,407
- Total Debt
- 181
- Net Working Capital
- 707
- Contingent Liabilities
- 46
- Book Value per Share
- 49.44
- Face Value
- 10.00
- Total Debt
- 181
- Net Working Capital
- 707
- Contingent Liabilities
- 46
- Book Value per Share
- 49.44
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 65 | -41 | 407 | 49 | 141 | -26 | -8 | 60 | |
| Cash from Investing | -168 | -170 | -306 | -105 | -153 | -5 | -63 | -637 |
| Cash from Financing | 82 | 195 | -98 | 174 | -63 | -10 | 79 | 573 |
| -21 | -17 | 3 | 117 | -76 | -42 | 8 | -5 | |
| Free Cash Flow | 65 | -130 | 135 | -212 | 21 | -109 | -8 | 58 |
| OCF / Net Profit | -1.15 | 0.78 | -7.80 | -1.76 | -28.49 | 0.57 | -0.26 | 3.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -295 | -173 | -250 |
| OCF / Net Profit | -1.15 | 0.78 | -7.80 | -1.76 | -28.49 | 0.57 | -0.26 | 3.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -295 | -173 | -250 |
Mar 2018
- 65
- Cash from Investing
- -168
- Cash from Financing
- 82
- -21
- Free Cash Flow
- 65
- OCF / Net Profit
- -1.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.15
- Cumulative 5-Year FCF
- 0
Mar 2019
- -41
- Cash from Investing
- -170
- Cash from Financing
- 195
- -17
- Free Cash Flow
- -130
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 0
Mar 2020
- 407
- Cash from Investing
- -306
- Cash from Financing
- -98
- 3
- Free Cash Flow
- 135
- OCF / Net Profit
- -7.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -7.80
- Cumulative 5-Year FCF
- 0
Mar 2021
- 49
- Cash from Investing
- -105
- Cash from Financing
- 174
- 117
- Free Cash Flow
- -212
- OCF / Net Profit
- -1.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.76
- Cumulative 5-Year FCF
- 0
Mar 2022
- 141
- Cash from Investing
- -153
- Cash from Financing
- -63
- -76
- Free Cash Flow
- 21
- OCF / Net Profit
- -28.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -28.49
- Cumulative 5-Year FCF
- 0
Mar 2023
- -26
- Cash from Investing
- -5
- Cash from Financing
- -10
- -42
- Free Cash Flow
- -109
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- -295
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- -295
Mar 2024
- -8
- Cash from Investing
- -63
- Cash from Financing
- 79
- 8
- Free Cash Flow
- -8
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- -173
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- -173
Mar 2025
- 60
- Cash from Investing
- -637
- Cash from Financing
- 573
- -5
- Free Cash Flow
- 58
- OCF / Net Profit
- 3.13
- Cumulative 5-Year FCF
- -250
- OCF / Net Profit
- 3.13
- Cumulative 5-Year FCF
- -250
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - |
| EPS (₹) | -11328.64 | -9.23 | -4.49 | -11.94 | -3.97 | -2.09 | 0.95 | 0.54 |
| Book Value (₹) | 360.04 | 8.60 | 8.31 | 0.78 | 34.32 | 37.19 | 39.00 | 49.44 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -8001.88 | -4.34 | -1.01 | 1.66 | 1.92 | 0.38 | 2.82 | 1.98 |
| PROFITABILITY | - | - | - | - | - | - | - | - |
| Operating Margin % | 0.42% | 20.76% | 27.39% | 55.89% | 58.23% | 38.59% | 33.38% | 22.05% |
| Net Margin % | -15.40% | -25.44% | -13.01% | -16.10% | -2.88% | -18.58% | 13.28% | 8.19% |
| ROE % | -3146.49% | -207.18% | -71.52% | -51.99% | -1.21% | -4.91% | 2.67% | 1.30% |
| ROCE % | -1.58% | 1.38% | 5.80% | 2.14% | 3.17% | 2.30% | 3.68% | 2.91% |
| -3.76% | -3.14% | -2.52% | -1.14% | -0.22% | -2.32% | 1.49% | 0.88% | |
| EFFICIENCY | - | - | - | - | - | - | - | - |
| Debtor Days | 242 | 376 | 198 | 501 | 309 | 117 | 182 | 241 |
| Inventory Days | 278 | 610 | 353 | 757 | 399 | 38 | 83 | 130 |
| Payable Days | 2200 | -2015 | 0 | 0 | 7580 | 658 | 0 | 0 |
| -1680 | 3000 | 550 | 1258 | -6873 | -502 | 265 | 371 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 531.17x | 23.39x | 11.23x | 143.55x | 1.12x | 0.55x | 0.13x | 0.10x |
| Interest Coverage (x) | -0.23x | 0.15x | 0.47x | 0.47x | 0.91x | 0.68x | 2.31x | 2.86x |
| 0.81x | 0.72x | 0.50x | 0.47x | 0.46x | 0.80x | 1.44x | 3.37x | |
| GROWTH | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | -43.40% | 92.64% | -57.05% | -0.05% | 45.38% | -10.40% | 5.04% |
| Operating Profit Growth % | 0.00% | 2728.67% | 154.12% | -12.36% | 4.14% | -3.65% | 15.72% | -4.66% |
| Net Profit Growth % | 0.00% | 6.49% | 1.47% | 46.87% | 82.15% | -839.17% | 164.06% | -35.24% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 145.45% | -43.22% | |
| VALUATION | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 124.37x | 221.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.03x | 2.41x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 34.25x | 42.31x |
Mar 2018
- EPS (₹)
- -11328.64
- Book Value (₹)
- 360.04
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -8001.88
- Operating Margin %
- 0.42%
- Net Margin %
- -15.40%
- ROE %
- -3146.49%
- ROCE %
- -1.58%
- -3.76%
- Debtor Days
- 242
- Inventory Days
- 278
- Payable Days
- 2200
- -1680
- Debt to Equity (x)
- 531.17x
- Interest Coverage (x)
- -0.23x
- 0.81x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -9.23
- Book Value (₹)
- 8.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.34
- Operating Margin %
- 20.76%
- Net Margin %
- -25.44%
- ROE %
- -207.18%
- ROCE %
- 1.38%
- -3.14%
- Debtor Days
- 376
- Inventory Days
- 610
- Payable Days
- -2015
- 3000
- Debt to Equity (x)
- 23.39x
- Interest Coverage (x)
- 0.15x
- 0.72x
- Revenue Growth %
- -43.40%
- Operating Profit Growth %
- 2728.67%
- Net Profit Growth %
- 6.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -4.49
- Book Value (₹)
- 8.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.01
- Operating Margin %
- 27.39%
- Net Margin %
- -13.01%
- ROE %
- -71.52%
- ROCE %
- 5.80%
- -2.52%
- Debtor Days
- 198
- Inventory Days
- 353
- Payable Days
- 0
- 550
- Debt to Equity (x)
- 11.23x
- Interest Coverage (x)
- 0.47x
- 0.50x
- Revenue Growth %
- 92.64%
- Operating Profit Growth %
- 154.12%
- Net Profit Growth %
- 1.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -11.94
- Book Value (₹)
- 0.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.66
- Operating Margin %
- 55.89%
- Net Margin %
- -16.10%
- ROE %
- -51.99%
- ROCE %
- 2.14%
- -1.14%
- Debtor Days
- 501
- Inventory Days
- 757
- Payable Days
- 0
- 1258
- Debt to Equity (x)
- 143.55x
- Interest Coverage (x)
- 0.47x
- 0.47x
- Revenue Growth %
- -57.05%
- Operating Profit Growth %
- -12.36%
- Net Profit Growth %
- 46.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -3.97
- Book Value (₹)
- 34.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.92
- Operating Margin %
- 58.23%
- Net Margin %
- -2.88%
- ROE %
- -1.21%
- ROCE %
- 3.17%
- -0.22%
- Debtor Days
- 309
- Inventory Days
- 399
- Payable Days
- 7580
- -6873
- Debt to Equity (x)
- 1.12x
- Interest Coverage (x)
- 0.91x
- 0.46x
- Revenue Growth %
- -0.05%
- Operating Profit Growth %
- 4.14%
- Net Profit Growth %
- 82.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -2.09
- Book Value (₹)
- 37.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.38
- Operating Margin %
- 38.59%
- Net Margin %
- -18.58%
- ROE %
- -4.91%
- ROCE %
- 2.30%
- -2.32%
- Debtor Days
- 117
- Inventory Days
- 38
- Payable Days
- 658
- -502
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 0.68x
- 0.80x
- Revenue Growth %
- 45.38%
- Operating Profit Growth %
- -3.65%
- Net Profit Growth %
- -839.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.95
- Book Value (₹)
- 39.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.82
- Operating Margin %
- 33.38%
- Net Margin %
- 13.28%
- ROE %
- 2.67%
- ROCE %
- 3.68%
- 1.49%
- Debtor Days
- 182
- Inventory Days
- 83
- Payable Days
- 0
- 265
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 2.31x
- 1.44x
- Revenue Growth %
- -10.40%
- Operating Profit Growth %
- 15.72%
- Net Profit Growth %
- 164.06%
- 145.45%
- P/E (x)
- 124.37x
- P/B (x)
- 3.03x
- Dividend Yield %
- 0.00%
- 34.25x
Mar 2025
- EPS (₹)
- 0.54
- Book Value (₹)
- 49.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.98
- Operating Margin %
- 22.05%
- Net Margin %
- 8.19%
- ROE %
- 1.30%
- ROCE %
- 2.91%
- 0.88%
- Debtor Days
- 241
- Inventory Days
- 130
- Payable Days
- 0
- 371
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 2.86x
- 3.37x
- Revenue Growth %
- 5.04%
- Operating Profit Growth %
- -4.66%
- Net Profit Growth %
- -35.24%
- -43.22%
- P/E (x)
- 221.00x
- P/B (x)
- 2.41x
- Dividend Yield %
- 0.00%
- 42.31x
Documents
Announcements
- Shareholders meeting
2026-08-14 - Inox Green Energy Services Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 13, 2026. Further, the company has informed the Exchange regarding voting results.
- Shareholders meeting
2026-08-13 - Inox Green Energy Services Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 13, 2026
Annual Reports
Credit Ratings
- Credit Rating
2026-06-17 - Inox Green Energy Services Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026