Inox Green Energy Services Ltd. (INOXGREEN) AI Stock Analysis

• Market Cap: ₹75.83B
• Dividend Yield: N/A
• Average Volume (3M): 127.47K
• Price to Earnings (P/E): 198.9
• Beta (1Y): 2.12
• Revenue Growth: 14.36%
• EPS Growth: 3.96%
• Country: IN
• Employees: 314
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): 0.60
• Shares Outstanding: 367,016,780
• 10 Day Avg. Volume: 302,041
• 30 Day Avg. Volume: 127,475
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹166.00
• Price Target Upside: -19.65% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: ₹166.00 ▼(-19.65% Downside)

The overall stock score of 59 reflects a company with mixed financial performance and technical analysis indicators. While there are positive signs in revenue growth and equity improvements, high liabilities and operational losses pose significant risks. The high P/E ratio indicates potential overvaluation, further impacting the stock's attractiveness.

Inox Green Energy Services Ltd. Business Overview & Revenue Model

Company Description

Inox Green Energy Services Limited provides operation and maintenance services and common infrastructure facilities for wind turbine generators in India. It also offers erection, procurement, and commissioning services, as well as develops wind farms. The company operates through Operation & Maintenance; Erection, Procurement & Commissioning; and Power Generation segments. Its operational services include remote monitoring and control through supervisory control and data acquisition, and coordination with DISCOM's that covers timely reading of energy meter; provision of daily generation reports to the customers; and implementation of quality and safety and environment management systems for its outsourced staff. The company also provides maintenance services, such as predictive and reactive maintenance. The company was formerly known as Inox Wind Infrastructure Services Limited and changed its name to Inox Green Energy Services Limited in October 2021. The company was incorporated in 2012 and is based in Noida, India. Inox Green Energy Services Limited operates as a subsidiary of Inox Wind Limited.

How the Company Makes Money

Inox Green Energy Services Ltd. generates revenue primarily through long-term operations and maintenance contracts with wind farm operators. These contracts typically involve comprehensive services, including regular maintenance, troubleshooting, and performance optimization of wind turbines. The company benefits from its expertise in ensuring high uptime for wind energy projects, which is critical for maximizing electricity generation and profitability for its clients. Additionally, INOXGREEN may engage in strategic partnerships and alliances with other entities in the renewable energy sector to expand its service offerings and enhance revenue streams. However, specific details about additional revenue streams or significant partnerships are not available.

Inox Green Energy Services Ltd. Financial Statement Overview

Summary

Inox Green Energy Services Ltd. presents a mixed financial picture. While there are signs of revenue growth and improved equity, profitability and cash flow stability remain concerns. The company is making strides in improving its financial structure, but ongoing operational losses and high liabilities suggest the need for strategic focus on sustainable profitability and cash flow management.

Income Statement

The income statement shows moderate performance. Revenue growth has been inconsistent, with a notable increase from 2024 to 2025. However, profit margins have fluctuated, and the company has experienced periods of net losses. The most recent year shows improvement with positive net income, but EBIT remains negative, indicating operational challenges.

Balance Sheet

The balance sheet reflects significant improvement in the company's equity position, with a strong increase in stockholders' equity from 2024 to 2025. The debt-to-equity ratio has improved over the years, suggesting better leverage management. However, total liabilities remain high, indicating potential risk if revenue generation does not stabilize.

Cash Flow

Cash flow analysis reveals a positive trend in operating cash flow in 2025 after negative figures in the previous years. Free cash flow has turned positive, which is encouraging, yet the company still faces challenges with high capital expenditures and significant financing activities. This indicates reliance on external funding for operations.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.28B	2.36B	2.54B	2.24B	1.72B	1.72B
Gross Profit	973.50M	358.70M	1.00B	960.00M	1.09B	1.18B
EBITDA	1.16B	1.07B	933.87M	1.12B	998.07M	772.67M
Net Income	350.80M	198.10M	-193.20M	279.04M	-49.52M	-277.30M
Balance Sheet
Total Assets	0.00	24.87B	21.56B	20.83B	21.21B	18.85B
Cash, Cash Equivalents and Short-Term Investments	1.85B	2.29B	1.19B	150.42M	1.33B	1.69B
Total Debt	0.00	1.81B	5.95B	1.74B	9.04B	6.50B
Total Liabilities	-19.24B	5.13B	10.23B	7.33B	13.14B	11.03B
Stockholders Equity	19.24B	19.67B	11.27B	13.45B	8.07B	7.82B
Cash Flow
Free Cash Flow	0.00	415.00M	-959.00M	-84.08M	-47.83M	248.87M
Operating Cash Flow	0.00	457.10M	-255.70M	-78.66M	1.45B	1.01B
Investing Cash Flow	0.00	-5.50B	-52.30M	-631.07M	-1.53B	-902.02M
Financing Cash Flow	0.00	5.00B	-101.40M	788.29M	-668.56M	1.07B

Inox Green Energy Services Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 206.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INOXGREEN, the sentiment is Positive. The current price of 206.6 is above the 20-day moving average (MA) of 175.22, above the 50-day MA of 165.81, and above the 200-day MA of 153.71, indicating a bullish trend. The MACD of 12.41 indicates Negative momentum. The RSI at 79.60 is Negative, neither overbought nor oversold. The STOCH value of 84.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INOXGREEN.

Inox Green Energy Services Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDPOWERSYS	73 Outperform	₹89.34B	47.19	20.29%	0.32%	30.63%	48.78%
SWELECTES	70 Outperform	₹13.83B	51.49	1.47%	0.33%	103.45%	-53.21%
KPIGREEN	66 Neutral	₹88.32B	24.62	12.25%	0.21%	68.31%	61.93%
INOXGREEN	59 Neutral	₹75.83B	198.86	―	―	14.36%	3.96%
BORORENEW	55 Neutral	₹77.28B	-34.37	-6.97%	―	4.94%	-328.07%
SWSOLAR	45 Neutral	₹56.68B	51.89	8.09%	―	108.08%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Inox Green Energy Services Ltd. Corporate Events

Inox Green Secures Comprehensive O&M Deal for 182 MW Wind Projects

Inox Green Energy Services Ltd. has signed a comprehensive operations and maintenance (O&M) agreement for 182 MW of wind projects with a major Indian conglomerate’s renewable energy arm. This agreement includes converting 82 MW of limited-scope O&M to comprehensive O&M and renewing 100 MW of comprehensive O&M ahead of schedule, covering the entire remaining life of the projects. This move strengthens Inox Green’s position in the wind O&M industry and reflects the trust and confidence of its customers in its capabilities.