Inox Green Energy Services Ltd.
•₹ 178.341.86%
2026-08-21
PROS
- Company is almost debt free
- Latest quarter profit grew 74.2% YoY, showing strong momentum
CONS
- A large part of profit comes from other income (138.6% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of -1.0% over last 3 years
- Company has a low return on capital employed of 2.5%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.04x)
- 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50 | 44 | 55 | 46 | 45 | 52 | 51 | 53 | 48 | 73 | 76 | 53 | 30 | |
| 28 | 28 | 34 | 32 | 28 | 32 | 38 | 58 | 43 | 64 | 51 | 60 | 34 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 10 | 2 | 33 | 4 | 13 | 21 | 29 | 22 | 19 | 23 | 23 | 26 |
| Interest | 6 | 6 | 5 | 9 | 5 | 5 | 3 | 4 | 3 | 1 | 2 | 1 | 2 |
| Depreciation | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 0 | 11 | 10 | 10 | 0 | 0 |
| 5 | 7 | 4 | -1 | 3 | 16 | 17 | 20 | 12 | 16 | 35 | 14 | 22 | |
| Tax % | 29.23% | 17.08% | 32.41% | -33.33% | 28.99% | 29.21% | 29.38% | 23.40% | 28.62% | 28.37% | 28.86% | 46.89% | 28.91% |
| Net Profit | 4 | 6 | 3 | -1 | 2 | 11 | 12 | 15 | 9 | 12 | 25 | 8 | 15 |
| -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 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
- 50
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 6
- Depreciation
- 13
- 5
- Tax %
- 29.23%
- Net Profit
- 4
- -0
- Equity Capital
- 292
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 292
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 44
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 6
- Depreciation
- 13
- 7
- Tax %
- 17.08%
- Net Profit
- 6
- 0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 55
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 13
- 4
- Tax %
- 32.41%
- Net Profit
- 3
- 0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 46
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 33
- Interest
- 9
- Depreciation
- 13
- -1
- Tax %
- -33.33%
- Net Profit
- -1
- -0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 45
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 5
- Depreciation
- 13
- 3
- Tax %
- 28.99%
- Net Profit
- 2
- 0
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 294
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 52
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 5
- Depreciation
- 13
- 16
- Tax %
- 29.21%
- Net Profit
- 11
- 0
- Equity Capital
- 364
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 364
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 51
- 38
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 3
- Depreciation
- 13
- 17
- Tax %
- 29.38%
- Net Profit
- 12
- 0
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 53
- 58
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 4
- Depreciation
- 0
- 20
- Tax %
- 23.40%
- Net Profit
- 15
- 0
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 48
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 3
- Depreciation
- 11
- 12
- Tax %
- 28.62%
- Net Profit
- 9
- 0
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 73
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 1
- Depreciation
- 10
- 16
- Tax %
- 28.37%
- Net Profit
- 12
- 0
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 367
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 76
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 2
- Depreciation
- 10
- 35
- Tax %
- 28.86%
- Net Profit
- 25
- 1
- Equity Capital
- 375
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 375
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 53
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 1
- Depreciation
- 0
- 14
- Tax %
- 46.89%
- Net Profit
- 8
- 0
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 30
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 2
- Depreciation
- 0
- 22
- Tax %
- 28.91%
- Net Profit
- 15
- 0
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 628 | 697 | 367 | 215 | 400 | 177 | 174 | 248 | 202 | 205 | 232 | |
| 602 | 561 | 363 | 169 | 294 | 90 | 90 | 216 | 122 | 156 | 210 | |
| Operating Profit | 36 | 143 | 11 | 56 | 118 | 102 | 94 | 74 | 119 | 124 | — |
| OPM % | 6 | 21 | 3 | 26 | 29 | 58 | 54 | 30 | 59 | 61 | — |
| Other Income | 10 | 7 | 7 | 9 | 12 | 15 | 10 | 43 | 39 | 76 | 90 |
| Interest | 45 | 38 | 65 | 100 | 147 | 61 | 52 | 55 | 25 | 17 | 7 |
| Depreciation | 5 | 9 | 17 | 27 | 40 | 49 | 49 | 58 | 53 | 53 | 21 |
| -18 | 75 | -82 | -89 | -88 | -8 | -7 | -38 | 16 | 54 | 87 | |
| Tax % | 8 | 45 | 29 | 36 | 35 | 35 | 33 | -75 | 27 | 29 | 32 |
| Net Profit | -17 | 41 | -58 | -57 | -58 | -5 | -4 | -67 | 12 | 39 | 59 |
| EPS | -3,318 | 1 | -11,580 | -23 | -7 | -6 | -3 | -3 | 0 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3,321 | 8,225 | -11,580 | -10 | -5 | -0 | -0 | -2 | 0 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3,321 | 8,225 | -11,580 | -10 | -5 | -0 | -0 | -2 | 0 | 1 | — |
Mar 2016
- 628
- 602
- Operating Profit
- 36
- OPM %
- 6
- Other Income
- 10
- Interest
- 45
- Depreciation
- 5
- -18
- Tax %
- 8
- Net Profit
- -17
- EPS
- -3,318
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3,321
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3,321
Mar 2017
- 697
- 561
- Operating Profit
- 143
- OPM %
- 21
- Other Income
- 7
- Interest
- 38
- Depreciation
- 9
- 75
- Tax %
- 45
- Net Profit
- 41
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8,225
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8,225
Mar 2018
- 367
- 363
- Operating Profit
- 11
- OPM %
- 3
- Other Income
- 7
- Interest
- 65
- Depreciation
- 17
- -82
- Tax %
- 29
- Net Profit
- -58
- EPS
- -11,580
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11,580
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11,580
Mar 2019
- 215
- 169
- Operating Profit
- 56
- OPM %
- 26
- Other Income
- 9
- Interest
- 100
- Depreciation
- 27
- -89
- Tax %
- 36
- Net Profit
- -57
- EPS
- -23
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -10
Mar 2020
- 400
- 294
- Operating Profit
- 118
- OPM %
- 29
- Other Income
- 12
- Interest
- 147
- Depreciation
- 40
- -88
- Tax %
- 35
- Net Profit
- -58
- EPS
- -7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2021
- 177
- 90
- Operating Profit
- 102
- OPM %
- 58
- Other Income
- 15
- Interest
- 61
- Depreciation
- 49
- -8
- Tax %
- 35
- Net Profit
- -5
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 174
- 90
- Operating Profit
- 94
- OPM %
- 54
- Other Income
- 10
- Interest
- 52
- Depreciation
- 49
- -7
- Tax %
- 33
- Net Profit
- -4
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2023
- 248
- 216
- Operating Profit
- 74
- OPM %
- 30
- Other Income
- 43
- Interest
- 55
- Depreciation
- 58
- -38
- Tax %
- -75
- Net Profit
- -67
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2024
- 202
- 122
- Operating Profit
- 119
- OPM %
- 59
- Other Income
- 39
- Interest
- 25
- Depreciation
- 53
- 16
- Tax %
- 27
- Net Profit
- 12
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2025
- 205
- 156
- Operating Profit
- 124
- OPM %
- 61
- Other Income
- 76
- Interest
- 17
- Depreciation
- 53
- 54
- Tax %
- 29
- Net Profit
- 39
- 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
TTM
- 232
- 210
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 7
- Depreciation
- 21
- 87
- Tax %
- 32
- Net Profit
- 59
- 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:
- -1%
- 5 Years:
- -13%
- 3 Years:
- 6%
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:
- -59%
- 5 Years:
- -2%
- 3 Years:
- -1%
- Last Year:
- 2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 0 | 0 | 0 | 57 | 116 | 129 | 235 | 292 | 294 | 367 | |
| 10 | 52 | -6 | -20 | -37 | -21 | 672 | 888 | 907 | 1,520 | |
| 84 | 167 | 159 | 367 | 758 | 975 | 530 | 274 | 30 | 120 | |
| Trade Payables | 268 | 387 | 346 | 384 | 414 | 476 | 59 | 62 | 52 | 46 |
| 601 | 846 | 1,024 | 1,042 | 976 | 863 | 365 | 318 | 527 | 351 | |
| Total Liabilities | 963 | 1,452 | 1,524 | 1,829 | 2,228 | 2,421 | 1,862 | 1,835 | 1,808 | 2,403 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 167 | 269 | 497 | 476 | 741 | 762 | 841 | 796 | 743 | 690 | |
| Capital Work in Progress | 29 | 94 | 10 | 53 | 21 | 48 | 12 | 2 | 1 | 7 |
| 18 | 13 | 10 | 81 | 73 | 163 | 164 | 130 | 17 | 197 | |
| 317 | 321 | 248 | 381 | 327 | 327 | 21 | 24 | 63 | 87 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 124 | 169 | |
| Cash & Bank | 7 | 51 | 23 | 5 | 14 | 27 | 69 | 45 | 15 | 46 |
| 425 | 704 | 734 | 833 | 1,051 | 1,093 | 755 | 839 | 846 | 1,207 | |
| Total Assets | 963 | 1,452 | 1,524 | 1,829 | 2,228 | 2,421 | 1,862 | 1,835 | 1,808 | 2,403 |
| Total Debt | 496 | 791 | 956 | 1,131 | 1,060 | 1,224 | 694 | 382 | 119 | 125 |
| Net Working Capital | 179 | 123 | -177 | -317 | -924 | -1,149 | -364 | 8 | 218 | 1,042 |
| Contingent Liabilities | 6 | 33 | 34 | 36 | 152 | 293 | 309 | 788 | 339 | 46 |
| Book Value per Share | 2097.32 | 10324.56 | -1147.90 | 6.47 | 6.83 | 8.35 | 38.60 | 40.43 | 40.88 | 51.41 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 496 | 791 | 956 | 1,131 | 1,060 | 1,224 | 694 | 382 | 119 | 125 |
| Net Working Capital | 179 | 123 | -177 | -317 | -924 | -1,149 | -364 | 8 | 218 | 1,042 |
| Contingent Liabilities | 6 | 33 | 34 | 36 | 152 | 293 | 309 | 788 | 339 | 46 |
| Book Value per Share | 2097.32 | 10324.56 | -1147.90 | 6.47 | 6.83 | 8.35 | 38.60 | 40.43 | 40.88 | 51.41 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- 0
- 10
- 84
- Trade Payables
- 268
- 601
- Total Liabilities
- 963
- 167
- Capital Work in Progress
- 29
- 18
- 317
- 0
- Cash & Bank
- 7
- 425
- Total Assets
- 963
- Total Debt
- 496
- Net Working Capital
- 179
- Contingent Liabilities
- 6
- Book Value per Share
- 2097.32
- Face Value
- 10.00
- Total Debt
- 496
- Net Working Capital
- 179
- Contingent Liabilities
- 6
- Book Value per Share
- 2097.32
- Face Value
- 10.00
Mar 2017
- 0
- 52
- 167
- Trade Payables
- 387
- 846
- Total Liabilities
- 1,452
- 269
- Capital Work in Progress
- 94
- 13
- 321
- 0
- Cash & Bank
- 51
- 704
- Total Assets
- 1,452
- Total Debt
- 791
- Net Working Capital
- 123
- Contingent Liabilities
- 33
- Book Value per Share
- 10324.56
- Face Value
- 10.00
- Total Debt
- 791
- Net Working Capital
- 123
- Contingent Liabilities
- 33
- Book Value per Share
- 10324.56
- Face Value
- 10.00
Mar 2018
- 0
- -6
- 159
- Trade Payables
- 346
- 1,024
- Total Liabilities
- 1,524
- 497
- Capital Work in Progress
- 10
- 10
- 248
- 0
- Cash & Bank
- 23
- 734
- Total Assets
- 1,524
- Total Debt
- 956
- Net Working Capital
- -177
- Contingent Liabilities
- 34
- Book Value per Share
- -1147.90
- Face Value
- 10.00
- Total Debt
- 956
- Net Working Capital
- -177
- Contingent Liabilities
- 34
- Book Value per Share
- -1147.90
- Face Value
- 10.00
Mar 2019
- 57
- -20
- 367
- Trade Payables
- 384
- 1,042
- Total Liabilities
- 1,829
- 476
- Capital Work in Progress
- 53
- 81
- 381
- 0
- Cash & Bank
- 5
- 833
- Total Assets
- 1,829
- Total Debt
- 1,131
- Net Working Capital
- -317
- Contingent Liabilities
- 36
- Book Value per Share
- 6.47
- Face Value
- 10.00
- Total Debt
- 1,131
- Net Working Capital
- -317
- Contingent Liabilities
- 36
- Book Value per Share
- 6.47
- Face Value
- 10.00
Mar 2020
- 116
- -37
- 758
- Trade Payables
- 414
- 976
- Total Liabilities
- 2,228
- 741
- Capital Work in Progress
- 21
- 73
- 327
- 0
- Cash & Bank
- 14
- 1,051
- Total Assets
- 2,228
- Total Debt
- 1,060
- Net Working Capital
- -924
- Contingent Liabilities
- 152
- Book Value per Share
- 6.83
- Face Value
- 10.00
- Total Debt
- 1,060
- Net Working Capital
- -924
- Contingent Liabilities
- 152
- Book Value per Share
- 6.83
- Face Value
- 10.00
Mar 2021
- 129
- -21
- 975
- Trade Payables
- 476
- 863
- Total Liabilities
- 2,421
- 762
- Capital Work in Progress
- 48
- 163
- 327
- 0
- Cash & Bank
- 27
- 1,093
- Total Assets
- 2,421
- Total Debt
- 1,224
- Net Working Capital
- -1,149
- Contingent Liabilities
- 293
- Book Value per Share
- 8.35
- Face Value
- 10.00
- Total Debt
- 1,224
- Net Working Capital
- -1,149
- Contingent Liabilities
- 293
- Book Value per Share
- 8.35
- Face Value
- 10.00
Mar 2022
- 235
- 672
- 530
- Trade Payables
- 59
- 365
- Total Liabilities
- 1,862
- 841
- Capital Work in Progress
- 12
- 164
- 21
- 0
- Cash & Bank
- 69
- 755
- Total Assets
- 1,862
- Total Debt
- 694
- Net Working Capital
- -364
- Contingent Liabilities
- 309
- Book Value per Share
- 38.60
- Face Value
- 10.00
- Total Debt
- 694
- Net Working Capital
- -364
- Contingent Liabilities
- 309
- Book Value per Share
- 38.60
- Face Value
- 10.00
Mar 2023
- 292
- 888
- 274
- Trade Payables
- 62
- 318
- Total Liabilities
- 1,835
- 796
- Capital Work in Progress
- 2
- 130
- 24
- 0
- Cash & Bank
- 45
- 839
- Total Assets
- 1,835
- Total Debt
- 382
- Net Working Capital
- 8
- Contingent Liabilities
- 788
- Book Value per Share
- 40.43
- Face Value
- 10.00
- Total Debt
- 382
- Net Working Capital
- 8
- Contingent Liabilities
- 788
- Book Value per Share
- 40.43
- Face Value
- 10.00
Mar 2024
- 294
- 907
- 30
- Trade Payables
- 52
- 527
- Total Liabilities
- 1,808
- 743
- Capital Work in Progress
- 1
- 17
- 63
- 124
- Cash & Bank
- 15
- 846
- Total Assets
- 1,808
- Total Debt
- 119
- Net Working Capital
- 218
- Contingent Liabilities
- 339
- Book Value per Share
- 40.88
- Face Value
- 10.00
- Total Debt
- 119
- Net Working Capital
- 218
- Contingent Liabilities
- 339
- Book Value per Share
- 40.88
- Face Value
- 10.00
Mar 2025
- 367
- 1,520
- 120
- Trade Payables
- 46
- 351
- Total Liabilities
- 2,403
- 690
- Capital Work in Progress
- 7
- 197
- 87
- 169
- Cash & Bank
- 46
- 1,207
- Total Assets
- 2,403
- Total Debt
- 125
- Net Working Capital
- 1,042
- Contingent Liabilities
- 46
- Book Value per Share
- 51.41
- Face Value
- 10.00
- Total Debt
- 125
- Net Working Capital
- 1,042
- Contingent Liabilities
- 46
- Book Value per Share
- 51.41
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -25 | -7 | 73 | -70 | 409 | 112 | 155 | -73 | 54 | 70 | |
| Cash from Investing | -148 | -212 | -191 | -107 | -308 | -176 | -53 | 26 | 37 | -650 |
| Cash from Financing | 180 | 250 | 82 | 176 | -99 | 80 | -77 | 5 | -82 | 575 |
| 7 | 31 | -36 | -1 | 2 | 16 | 25 | -41 | 8 | -4 | |
| Free Cash Flow | -182 | -182 | -89 | -119 | 137 | 15 | 63 | -75 | 54 | 65 |
| OCF / Net Profit | 1.49 | -0.17 | -1.25 | 1.23 | -7.12 | -22.39 | -35.25 | 1.09 | 4.67 | 1.83 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -436 | -239 | 7 | 21 | 194 | 122 |
| OCF / Net Profit | 1.49 | -0.17 | -1.25 | 1.23 | -7.12 | -22.39 | -35.25 | 1.09 | 4.67 | 1.83 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -436 | -239 | 7 | 21 | 194 | 122 |
Mar 2016
- -25
- Cash from Investing
- -148
- Cash from Financing
- 180
- 7
- Free Cash Flow
- -182
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
Mar 2017
- -7
- Cash from Investing
- -212
- Cash from Financing
- 250
- 31
- Free Cash Flow
- -182
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 0
Mar 2018
- 73
- Cash from Investing
- -191
- Cash from Financing
- 82
- -36
- Free Cash Flow
- -89
- OCF / Net Profit
- -1.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.25
- Cumulative 5-Year FCF
- 0
Mar 2019
- -70
- Cash from Investing
- -107
- Cash from Financing
- 176
- -1
- Free Cash Flow
- -119
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 0
Mar 2020
- 409
- Cash from Investing
- -308
- Cash from Financing
- -99
- 2
- Free Cash Flow
- 137
- OCF / Net Profit
- -7.12
- Cumulative 5-Year FCF
- -436
- OCF / Net Profit
- -7.12
- Cumulative 5-Year FCF
- -436
Mar 2021
- 112
- Cash from Investing
- -176
- Cash from Financing
- 80
- 16
- Free Cash Flow
- 15
- OCF / Net Profit
- -22.39
- Cumulative 5-Year FCF
- -239
- OCF / Net Profit
- -22.39
- Cumulative 5-Year FCF
- -239
Mar 2022
- 155
- Cash from Investing
- -53
- Cash from Financing
- -77
- 25
- Free Cash Flow
- 63
- OCF / Net Profit
- -35.25
- Cumulative 5-Year FCF
- 7
- OCF / Net Profit
- -35.25
- Cumulative 5-Year FCF
- 7
Mar 2023
- -73
- Cash from Investing
- 26
- Cash from Financing
- 5
- -41
- Free Cash Flow
- -75
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 21
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 21
Mar 2024
- 54
- Cash from Investing
- 37
- Cash from Financing
- -82
- 8
- Free Cash Flow
- 54
- OCF / Net Profit
- 4.67
- Cumulative 5-Year FCF
- 194
- OCF / Net Profit
- 4.67
- Cumulative 5-Year FCF
- 194
Mar 2025
- 70
- Cash from Investing
- -650
- Cash from Financing
- 575
- -4
- Free Cash Flow
- 65
- OCF / Net Profit
- 1.83
- Cumulative 5-Year FCF
- 122
- OCF / Net Profit
- 1.83
- Cumulative 5-Year FCF
- 122
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -3321.06 | 8225.10 | -11579.86 | -9.97 | -4.95 | -0.39 | -0.19 | -2.29 | 0.39 | 1.05 |
| Book Value (₹) | 2097.32 | 10324.56 | -1147.90 | 6.47 | 6.83 | 8.35 | 38.60 | 40.43 | 40.88 | 51.41 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -2363.10 | 0.00 | -8258.28 | -5.23 | -1.54 | 3.43 | 1.89 | -0.32 | 2.18 | 2.48 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 5.74% | 20.52% | 2.98% | 25.85% | 29.50% | 57.62% | 54.24% | 29.99% | 39.56% | 23.88% |
| Net Margin % | -2.64% | 5.90% | -15.79% | -26.57% | -14.39% | -2.83% | -2.53% | -26.97% | 5.69% | 18.81% |
| ROE % | 0.00% | 132.43% | -252.38% | -364.29% | -98.66% | -5.35% | -0.87% | -6.41% | 0.97% | 2.49% |
| ROCE % | 6.38% | 16.74% | -1.86% | 1.04% | 5.12% | 4.27% | 3.11% | 1.06% | 2.64% | 3.90% |
| -2.25% | 3.41% | -3.89% | -3.41% | -2.83% | -0.21% | -0.21% | -3.62% | 0.63% | 1.83% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 103 | 165 | 318 | 372 | 206 | 504 | 312 | 114 | 191 | 262 |
| Inventory Days | 177 | 167 | 283 | 534 | 324 | 676 | 366 | 33 | 78 | 134 |
| Payable Days | 2174 | 0 | 2364 | -2156 | 0 | 0 | 6768 | 420 | 0 | 2768 |
| -1895 | 333 | -1763 | 3062 | 530 | 1180 | -6090 | -273 | 269 | -2373 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 47.26x | 15.33x | -166.62x | 30.45x | 13.35x | 11.40x | 0.77x | 0.32x | 0.08x | 0.07x |
| Interest Coverage (x) | 0.59x | 2.95x | -0.26x | 0.11x | 0.40x | 0.87x | 0.87x | 0.31x | 1.64x | 4.14x |
| 1.40x | 1.16x | 0.80x | 0.73x | 0.50x | 0.45x | 0.46x | 1.02x | 1.82x | 5.61x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 183.34% | 10.94% | -47.38% | -41.32% | 85.67% | -55.75% | -1.60% | 42.46% | -18.51% | 1.36% |
| Operating Profit Growth % | 253.71% | 296.37% | -92.37% | 409.63% | 111.85% | -13.55% | -7.38% | -21.24% | 60.34% | 4.39% |
| Net Profit Growth % | 53.14% | 347.66% | -240.79% | 1.23% | -0.55% | 91.31% | 11.90% | -1419.15% | 117.20% | 234.79% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 117.10% | 167.83% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 301.76x | 113.67x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.89x | 2.32x |
| Dividend Yield % | 0.00% | 0.00% | 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 | 0.00x | 0.00x | 31.67x | 35.81x |
Mar 2016
- EPS (₹)
- -3321.06
- Book Value (₹)
- 2097.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2363.10
- Operating Margin %
- 5.74%
- Net Margin %
- -2.64%
- ROE %
- 0.00%
- ROCE %
- 6.38%
- -2.25%
- Debtor Days
- 103
- Inventory Days
- 177
- Payable Days
- 2174
- -1895
- Debt to Equity (x)
- 47.26x
- Interest Coverage (x)
- 0.59x
- 1.40x
- Revenue Growth %
- 183.34%
- Operating Profit Growth %
- 253.71%
- Net Profit Growth %
- 53.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 8225.10
- Book Value (₹)
- 10324.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.00
- Operating Margin %
- 20.52%
- Net Margin %
- 5.90%
- ROE %
- 132.43%
- ROCE %
- 16.74%
- 3.41%
- Debtor Days
- 165
- Inventory Days
- 167
- Payable Days
- 0
- 333
- Debt to Equity (x)
- 15.33x
- Interest Coverage (x)
- 2.95x
- 1.16x
- Revenue Growth %
- 10.94%
- Operating Profit Growth %
- 296.37%
- Net Profit Growth %
- 347.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -11579.86
- Book Value (₹)
- -1147.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -8258.28
- Operating Margin %
- 2.98%
- Net Margin %
- -15.79%
- ROE %
- -252.38%
- ROCE %
- -1.86%
- -3.89%
- Debtor Days
- 318
- Inventory Days
- 283
- Payable Days
- 2364
- -1763
- Debt to Equity (x)
- -166.62x
- Interest Coverage (x)
- -0.26x
- 0.80x
- Revenue Growth %
- -47.38%
- Operating Profit Growth %
- -92.37%
- Net Profit Growth %
- -240.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -9.97
- Book Value (₹)
- 6.47
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -5.23
- Operating Margin %
- 25.85%
- Net Margin %
- -26.57%
- ROE %
- -364.29%
- ROCE %
- 1.04%
- -3.41%
- Debtor Days
- 372
- Inventory Days
- 534
- Payable Days
- -2156
- 3062
- Debt to Equity (x)
- 30.45x
- Interest Coverage (x)
- 0.11x
- 0.73x
- Revenue Growth %
- -41.32%
- Operating Profit Growth %
- 409.63%
- Net Profit Growth %
- 1.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -4.95
- Book Value (₹)
- 6.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.54
- Operating Margin %
- 29.50%
- Net Margin %
- -14.39%
- ROE %
- -98.66%
- ROCE %
- 5.12%
- -2.83%
- Debtor Days
- 206
- Inventory Days
- 324
- Payable Days
- 0
- 530
- Debt to Equity (x)
- 13.35x
- Interest Coverage (x)
- 0.40x
- 0.50x
- Revenue Growth %
- 85.67%
- Operating Profit Growth %
- 111.85%
- Net Profit Growth %
- -0.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.39
- Book Value (₹)
- 8.35
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.43
- Operating Margin %
- 57.62%
- Net Margin %
- -2.83%
- ROE %
- -5.35%
- ROCE %
- 4.27%
- -0.21%
- Debtor Days
- 504
- Inventory Days
- 676
- Payable Days
- 0
- 1180
- Debt to Equity (x)
- 11.40x
- Interest Coverage (x)
- 0.87x
- 0.45x
- Revenue Growth %
- -55.75%
- Operating Profit Growth %
- -13.55%
- Net Profit Growth %
- 91.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -0.19
- Book Value (₹)
- 38.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.89
- Operating Margin %
- 54.24%
- Net Margin %
- -2.53%
- ROE %
- -0.87%
- ROCE %
- 3.11%
- -0.21%
- Debtor Days
- 312
- Inventory Days
- 366
- Payable Days
- 6768
- -6090
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 0.87x
- 0.46x
- Revenue Growth %
- -1.60%
- Operating Profit Growth %
- -7.38%
- Net Profit Growth %
- 11.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -2.29
- Book Value (₹)
- 40.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.32
- Operating Margin %
- 29.99%
- Net Margin %
- -26.97%
- ROE %
- -6.41%
- ROCE %
- 1.06%
- -3.62%
- Debtor Days
- 114
- Inventory Days
- 33
- Payable Days
- 420
- -273
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 0.31x
- 1.02x
- Revenue Growth %
- 42.46%
- Operating Profit Growth %
- -21.24%
- Net Profit Growth %
- -1419.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.39
- Book Value (₹)
- 40.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.18
- Operating Margin %
- 39.56%
- Net Margin %
- 5.69%
- ROE %
- 0.97%
- ROCE %
- 2.64%
- 0.63%
- Debtor Days
- 191
- Inventory Days
- 78
- Payable Days
- 0
- 269
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 1.64x
- 1.82x
- Revenue Growth %
- -18.51%
- Operating Profit Growth %
- 60.34%
- Net Profit Growth %
- 117.20%
- 117.10%
- P/E (x)
- 301.76x
- P/B (x)
- 2.89x
- Dividend Yield %
- 0.00%
- 31.67x
Mar 2025
- EPS (₹)
- 1.05
- Book Value (₹)
- 51.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.48
- Operating Margin %
- 23.88%
- Net Margin %
- 18.81%
- ROE %
- 2.49%
- ROCE %
- 3.90%
- 1.83%
- Debtor Days
- 262
- Inventory Days
- 134
- Payable Days
- 2768
- -2373
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 4.14x
- 5.61x
- Revenue Growth %
- 1.36%
- Operating Profit Growth %
- 4.39%
- Net Profit Growth %
- 234.79%
- 167.83%
- P/E (x)
- 113.67x
- P/B (x)
- 2.32x
- Dividend Yield %
- 0.00%
- 35.81x
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