Indowind Energy Limited (INDOWIND) AI Stock Analysis

• Market Cap: ₹1.24B
• Dividend Yield: N/A
• Average Volume (3M): 25.55K
• Price to Earnings (P/E): 121.4
• Beta (1Y): 1.62
• Revenue Growth: 26.90%
• EPS Growth: -67.65%
• Country: IN
• Employees: 69
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): 0.03
• Shares Outstanding: 161,002,170
• 10 Day Avg. Volume: 27,871
• 30 Day Avg. Volume: 25,550
• PEG Ratio: -2.03
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 6.49
• P/FCF Ratio: -7.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: ₹7.50 ▼(-52.89% Downside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is held back primarily by weakening profitability and poor cash flow quality, reinforced by a clearly bearish technical setup (price below key moving averages and negative MACD). A high P/E with no dividend data further pressures the overall rating, despite some balance-sheet stability from higher equity and reduced leverage.

Positive Factors

Strong equity position

A high equity ratio and materially reduced leverage give Indowind durable financial flexibility. With lower refinancing pressure the company can better absorb generation variability, fund maintenance capex from internal resources, and pursue selective investments without immediate external funding.

Negative Factors

Weak cash generation

Persistent negative free cash flow and poor operating-cash-to-income metrics impair the company's ability to self-fund maintenance and growth. Over several months this raises liquidity risk, increases reliance on external financing, and can force deferment of capex or opportunistic asset sales to plug cash shortfalls.

Indowind Energy Limited Business Overview & Revenue Model

Company Description

Indowind Energy Limited operates as an IPP in the renewable energy sector in India. It engages in developing, setting up, operating, and maintaining wind farms. It also provides project management and asset management services, as well as trades i...

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Indowind Energy Limited operates as an IPP in the renewable energy sector in India. It engages in developing, setting up, operating, and maintaining wind farms. It also provides project management and asset management services, as well as trades i...

How the Company Makes Money

Indowind Energy Limited primarily makes money by selling electricity generated from its wind power projects. Revenue is earned based on the volume of power generated and delivered to the grid/off-takers and the applicable tariff or contracted rate...

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Indowind Energy Limited primarily makes money by selling electricity generated from its wind power projects. Revenue is earned based on the volume of power generated and delivered to the grid/off-takers and the applicable tariff or contracted rate...

Indowind Energy Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Jun 2021
Income Statement
Total Revenue	421.88M	335.13M	397.06M	339.56M	245.56M	186.09M
Gross Profit	264.35M	170.74M	231.99M	203.90M	122.06M	139.50M
EBITDA	165.54M	128.42M	168.59M	80.25M	89.63M	116.36M
Net Income	22.86M	12.63M	72.64M	-192.59M	1.27M	2.19M
Balance Sheet
Total Assets	3.24B	3.05B	3.12B	3.13B	2.88B	2.92B
Cash, Cash Equivalents and Short-Term Investments	17.99M	46.63M	4.78M	217.62M	15.93M	40.10M
Total Debt	180.27M	69.66M	551.89M	600.52M	560.57M	607.15M
Total Liabilities	372.54M	257.86M	745.01M	824.77M	570.78M	622.62M
Stockholders Equity	2.86B	2.79B	2.37B	2.30B	2.30B	2.29B
Cash Flow
Free Cash Flow	-32.32M	-305.81M	-93.29M	1.29M	14.13M	57.28M
Operating Cash Flow	-32.32M	-105.04M	-80.53M	3.25M	14.13M	60.44M
Investing Cash Flow	-19.33M	-231.05M	439.63M	47.78M	26.27M	9.16M
Financing Cash Flow	52.48M	348.48M	-571.94M	150.66M	-64.57M	-48.48M

Indowind Energy Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOWIND, the sentiment is Negative. The current price of 15.92 is above the 20-day moving average (MA) of 8.68, above the 50-day MA of 10.80, and above the 200-day MA of 15.42, indicating a bearish trend. The MACD of -0.69 indicates Negative momentum. The RSI at 25.70 is Positive, neither overbought nor oversold. The STOCH value of 21.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDOWIND.

Indowind Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDPOWERSYS	70 Outperform	₹132.55B	48.62	―	0.23%	40.14%	53.51%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WEBELSOLAR	65 Neutral	₹29.99B	14.56	―	―	152.12%	―
INOXGREEN	54 Neutral	₹56.05B	79.81	―	―	24.33%	66.14%
INDOWIND	50 Neutral	₹1.24B	121.42	―	―	26.90%	-67.65%
BORORENEW	49 Neutral	₹54.14B	18.86	―	―	7.68%	-114.23%
SWSOLAR	43 Neutral	₹36.93B	-446.21	―	―	112.24%	-474.43%