Indowind Energy Limited (IN:INDOWIND)
:INDOWIND
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Indowind Energy Limited
(INDOWIND)
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Rating:50Neutral
Price Target:
₹10.00
▼(-37.19% Downside)
Action:ReiteratedDate:04/16/26
The score is primarily held back by weak profitability/cash flow quality and a very high P/E valuation. Technicals add caution due to the longer-term downtrend (below 100/200DMA), partially offset by balance-sheet stability and modest near-term price support above shorter moving averages.
Positive Factors
Renewable generation business model
Indowind's core business—owning and operating wind farms—aligns with durable structural demand for renewable electricity and policy support. Asset-backed generation provides predictable long-term cash flows tied to production and contracted offtake, supporting steady operational relevance over months.
Negative Factors
Weak cash generation
Negative free cash flow growth and poor OCF-to-net-income indicate the company struggles to convert accounting profits into cash. This constrains ability to service debt, fund turbine maintenance or repower projects, and increases reliance on external financing across the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewable generation business model
Indowind's core business—owning and operating wind farms—aligns with durable structural demand for renewable electricity and policy support. Asset-backed generation provides predictable long-term cash flows tied to production and contracted offtake, supporting steady operational relevance over months.
Read all positive factors
Indowind Energy Limited (INDOWIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.79B
Dividend YieldN/A
Average Volume (3M)25.55K
Price to Earnings (P/E)121.4
Beta (1Y)1.72
Revenue Growth27.98%
EPS Growth-62.08%
CountryIN
Employees69
SectorEnergy
Sector Strength52
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.03
Shares Outstanding161,002,170
10 Day Avg. Volume27,871
30 Day Avg. Volume25,550
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
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...
Indowind Energy Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| 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
Neutral
15.92
Price Trends
9.49
Positive
12.26
Negative
14.73
Negative
Market Momentum
0.10
Negative
69.15
Neutral
93.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOWIND, the sentiment is Neutral. The current price of 15.92 is above the 20-day moving average (MA) of 8.61, above the 50-day MA of 9.49, and above the 200-day MA of 14.73, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 69.15 is Neutral, neither overbought nor oversold. The STOCH value of 93.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:INDOWIND.
Indowind Energy Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹89.02B | 22.48 | ― | 0.20% | 69.68% | 56.75% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | ₹778.34B | 40.55 | ― | ― | 61.67% | 181.53% | |
62 Neutral | ₹73.83B | 79.81 | ― | ― | 33.08% | 90.33% | |
57 Neutral | ₹221.68B | 45.47 | ― | ― | 57.57% | 28.31% | |
50 Neutral | ₹1.79B | 121.42 | ― | ― | 27.98% | -62.08% | |
48 Neutral | ₹601.64M | 66.92 | ― | ― | 11.81% | ― |
* Energy Sector Average
IN:INDOWIND
Indowind Energy Limited
11.09
-7.24
-39.50%
IN:INOXGREEN
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32.64%
IN:INOXWIND
Inox Wind Ltd.
102.19
-61.60
-37.61%
IN:KARMAENG
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52.00
-1.82
-3.38%
IN:KPIGREEN
KPI Green Energy Limited
451.10
69.85
18.32%
IN:SUZLON
Suzlon Energy Ltd
56.75
0.48
0.85%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.