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Indowind Energy

INDOWIND NSE
₹7.82 down 0.26 (3.22%)
Market Cap
₹126 Cr

Indowind Energy (INDOWIND) share price was ₹8.08 at the 28 Oct 2026 close; market capitalisation ₹130 Cr; sector Power. The share price fell 47.5% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 26.9% year on year to ₹8.44 Cr and net profit was ₹2.10 Cr, against ₹2.57 Cr a year earlier (compared with Jun 2025). Promoters held 48.76% of Indowind Energy in Sep 2026, up 0.56 percentage points from Jun 2026. Its Tapetide Score is 37/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹8.08 −7.19 −47.09% 1Y

Key Fundamentals

MicrocapPowerUtilities
Market Cap
₹126 Cr
EBITDA
₹12.50 Cr
Return on Equity
0%
Return on Capital Employed
1.24%
Debt to Equity
0.03
Book Value
₹18.99
EPS (TTM)
−₹0.02
52W High
₹18.94
52W Low
₹7.00

Price-based figures as of 29 Oct 2026, 11:28 IST · EPS basis: Consolidated · TTM

Peer Comparison

Utilities › Power › Power Generation

NTPC
₹306.9010.722,97,591 Cr1.462.98%14.21%9.22%1,98,997 Cr28,333 Cr
Adani Green
₹1,305.60114.732,15,055 Cr9.960.00%6.65%6.85%15,145 Cr2,249 Cr
JSW Energy
₹508.1545.7493,168 Cr2.540.43%8.23%7.51%19,914 Cr2,460 Cr
NHPC
₹75.6220.0175,961 Cr1.832.20%6.69%4.09%14,819 Cr4,267 Cr
NTPC Green Energy
₹83.59117.7370,436 Cr3.710.00%2.72%2.90%3,468 Cr605 Cr
NLC India
₹230.359.9531,941 Cr1.481.67%14.91%9.33%20,134 Cr3,366 Cr
ACME Solar Holdings
₹425.8045.2530,099 Cr3.830.05%9.84%7.11%2,895 Cr602 Cr
Indowind Energy (this company)
₹7.82—126 Cr0.410.00%0.00%1.24%39 Cr-0 Cr
Median 8 companies₹268.6345.2573,198 Cr2.190.24%7.46%6.98%14,982 Cr2,355 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

37 Weak
Overall score

Data confidence 93/100

Category scores

Quality Poor 32
Returns, margins, earnings quality 22% weight
Valuation Weak 42
Cheap vs sector & own history 24% weight
Growth Poor 25
Sales & profit trajectory 9% weight
Financial Health Average 49
Solvency, leverage, coverage 9% weight
Momentum Poor 16
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.43 times its book value
  • Debtor days have improved from 56.7 to 34.6 days.

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.29% over last 3 years.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 92.6 days to 171 days

Technical Indicators

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
13.97% higher than 3Y

change over 1 year

Net Income Growth
-100% level than 3Y

change over 1 year

Cash Flow Change
40.61%

change over 1 year

EBITDA Margin Change
-14.56%

change over 1 year Operating margin 53.08% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7.63
17.91
9.73
4.44
7.35
15.81
5.56
6.63
11.55
17.55
6.19
5.27
8.44
Expenses
1.82
7.64
9
5.39
4.45
6.82
4.8
6.92
6.34
7.22
6.61
7.33
3.96
Operating Profit
5.81
10.27
0.73
-0.95
2.9
8.99
0.76
-0.29
5.21
10.33
-0.42
-2.06
4.48
OPM %
76.15%
57.34%
7.5%
-21.4%
39.46%
56.86%
13.67%
-4.37%
45.11%
58.86%
-6.79%
-39.09%
53.08%
Other Income
-1.01
0.05
0.3
1.74
0.02
0.11
0.34
0
0
0.19
1.67
-2.44
0
Interest
1.31
1.87
0.66
0.44
0.43
0.56
0.42
0.53
0.27
2.38
0.18
0.1
0.29
Depreciation
2.06
4.43
0.3
0.32
1.04
4.51
0.74
1.09
2.42
3.61
0.84
1.33
2.4
PBT
1.43
4.02
0.07
0.03
1.45
4.03
-0.06
-1.91
2.52
4.53
0.23
-5.93
1.79
Tax %
-22.38%
-23.13%
200%
-2000%
-16.55%
-9.43%
0%
127.23%
-2.38%
-1.1%
-56.52%
26.64%
-17.32%
Net Profit
1.75
4.96
-0.07
0.63
1.69
4.42
-0.07
-4.34
2.57
4.57
0.36
-7.51
2.1
EPS (₹)
0.09
0.31
0
0.04
0.1
0.27
0
-0.27
0.14
0.29
0.03
-0.46
0.12
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
20.05
16.88
26.02
26.16
21.97
20.66
17.96
24.56
33.96
38.81
35.01
40.33
37.45
Expenses
10.97
9.48
11.49
15.45
15.82
12.32
8.39
18.02
19.97
22.97
22.96
28.26
25.12
Operating Profit
9.08
7.4
14.53
10.71
6.15
8.34
9.57
6.54
13.99
15.84
12.05
12.07
12.33
OPM %
45.29%
43.84%
55.84%
40.94%
27.99%
40.37%
53.29%
26.63%
41.2%
40.81%
34.42%
29.93%
32.92%
Other Income
5.14
7.13
2.37
-17.19
0.57
6.33
2.06
2.42
-5.96
1.09
0.8
0.42
-0.58
Interest
6.17
6.79
6.71
7.67
7
5.29
2.05
1.89
2.2
4.27
1.95
2.93
2.95
Depreciation
7.54
7.55
13.67
9.5
9.32
9.31
9.32
6.92
6.99
7.1
7.39
8.21
8.18
PBT
0.51
0.19
-3.48
-23.65
-9.6
0.07
0.26
0.15
-1.16
5.56
3.51
1.35
0.62
Tax %
54.9%
-284.21%
-42.82%
-11.25%
27.71%
14.29%
15.38%
13.33%
1560.34%
-30.76%
51.57%
99.26%
—
Net Profit
0.23
0.77
-1.99
-20.98
-12.26
0.06
0.22
0.13
-19.26
7.27
1.7
0.01
-0.48
EPS (₹)
0.01
0.04
-0.11
-1.11
-0.65
0
0.01
0.01
-1.2
0.45
0.11
0
-0.02
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
89.74
89.74
89.74
89.74
89.74
89.74
89.74
89.74
107
107
129
161
Reserves
80.92
83.22
144
123
111
111
140
141
123
130
134
146
Borrowings
76.66
73.89
100
99.56
101
90.8
60.72
56.06
60.06
25.19
13.25
9.54
Other Liabilities
70.41
70.45
5.53
1.56
0.78
2.54
1.54
1.68
23.12
20.02
30.1
30.76
Total Liabilities
318
317
339
314
302
294
292
288
313
282
306
348
Fixed Assets
156
200
229
199
189
181
246
166
159
236
243
245
CWIP
46.35
64.03
47.78
60.96
68.57
73.88
0.96
0.96
0.96
0.96
0.96
12.31
Investments
6.12
8.41
10.15
10.46
10.46
10.41
10.46
1.04
0.04
0.04
0.04
0.04
Other Assets
110
44.98
52.64
43.37
34.1
28.74
34.52
120
153
45.58
61.85
90.28
Total Assets
318
317
339
314
302
294
292
288
313
282
306
348
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1.88
1.82
7.96
7.47
5.33
9.77
6.04
1.41
0.32
-8.05
1.97
2.77
Investing
6.33
10.46
-6.68
9.8
1.81
0.97
0.92
2.63
4.78
43.96
-21.64
-33.8
Financing
-8.58
-8.58
-0.63
-18.23
-7.35
-9.29
-4.85
-6.46
15.07
-57.19
20.4
38.55
Net Cash Flow
-0.36
3.71
0.64
-0.96
-0.21
1.44
2.11
-2.42
20.17
-21.28
0.73
7.52
Free Cash Flow
1.17
1.82
3.22
14.41
7.02
6.6
5.72
1.43
0.12
-9.33
-18.11
-19.12
CFO/EBITDA
32
38
55
70
87
117
64
22
2
-47
29
37
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
99.4
101
89.22
84.13
96.03
83.03
104
120
88.13
79
56.51
34.57
Cash Conversion Cycle
99.4
101
89.22
84.13
96.03
83.03
104
120
88.13
79
56.51
34.57
Working Capital Days
73.36
-19.24
40.4
-32.23
28.58
16.78
139
-446
-273
24.83
82.36
171
ROCE %
2.68%
2.89%
0.96%
2.45%
-0.85%
-0.09%
0.79%
0.71%
2.73%
3.93%
2.02%
1.44%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indowind Energy insights

61 extracted metrics + investor summaries across FY11–FY27.

Shareholding Pattern

FIIs0.02%Promot.48.76%Others6.19%Public45.03%As ofSep 2026
16.50% of promoter holding pledged as of Sep 2026

Documents

Frequently Asked Questions about Indowind Energy

What does Indowind Energy Ltd do?
Incorporated in 1995, Indowind Energy Ltd is in the business of generation and distribution of power through windmills[1]
Where is Indowind Energy Ltd (INDOWIND) listed?
Indowind Energy Ltd trades as INDOWIND on the NSE and under code 532894 on the BSE.
Which sector does Indowind Energy Ltd belong to?
Indowind Energy Ltd is classified under the Power sector, in the Power Generation industry.
What is the market capitalisation of Indowind Energy Ltd?
Indowind Energy Ltd has a market capitalisation of ₹125.9 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Indowind Energy Ltd?
Over the last 52 weeks Indowind Energy Ltd has traded between ₹7 and ₹18.94 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Indowind Energy Ltd?
Indowind Energy Ltd reported a return on equity of 0.00%. Its debt-to-equity ratio is 0.03.

Company Information

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

Website indowind.com
CEO Dr. Kuppa Sankaran Ravindranath
Employees 68
Listed 2007-09-14
Face Value ₹ 10
Shares Outstanding 16,10,02,170

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