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

• Market Cap: ₹99.08B
• Dividend Yield: N/A
• Average Volume (3M): 265.74K
• Price to Earnings (P/E): 259.8
• Beta (1Y): 2.20
• 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: 422,582
• 30 Day Avg. Volume: 265,735
• PEG Ratio: -7.32
• Price to Book (P/B): 1.97
• Price to Sales (P/S): 16.46
• P/FCF Ratio: 93.42
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹288.00 ▲(8.64% Upside)

Inox Green Energy Services Ltd. receives an overall score of 62, driven primarily by its mixed financial performance and strong technical momentum. The high P/E ratio and lack of dividend yield negatively impact its valuation score. While the stock shows positive price trends, potential overvaluation and financial challenges suggest caution for investors.

Inox Green Energy Services Ltd. Business Overview & Revenue Model

Company Description

Inox Green Energy Services Ltd. (INOXGREEN) is a prominent player in the renewable energy sector, specializing in the development, execution, and management of wind energy projects. The company focuses on providing comprehensive solutions for wind power generation, including project development, operation, and maintenance services. With a commitment to sustainability and innovation, INOXGREEN aims to contribute to the global transition towards cleaner energy sources.

How the Company Makes Money

INOXGREEN generates revenue primarily through the development and management of wind energy projects. The company earns money by providing end-to-end services, including project design, financing, construction, and ongoing operation and maintenance of wind farms. Key revenue streams include income from energy production sold to utilities or corporations through power purchase agreements (PPAs), as well as service fees for project management and maintenance contracts. Additionally, strategic partnerships with other renewable energy firms and stakeholders in the energy market enhance its capacity to secure projects and optimize operational efficiencies, further contributing to its earnings.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.41B	2.36B	2.24B	2.50B	1.72B	1.72B
Gross Profit	824.90M	358.70M	960.00M	189.52M	1.09B	1.18B
EBITDA	1.33B	1.07B	1.12B	933.87M	998.07M	772.67M
Net Income	380.90M	198.10M	279.04M	-610.46M	-931.96M	-1.54B
Balance Sheet
Total Assets	0.00	24.87B	20.83B	21.56B	21.21B	18.85B
Cash, Cash Equivalents and Short-Term Investments	2.29B	2.29B	108.93M	471.81M	1.10B	1.69B
Total Debt	0.00	1.81B	1.74B	5.95B	9.04B	6.50B
Total Liabilities	-19.74B	5.13B	7.33B	10.23B	13.14B	11.03B
Stockholders Equity	19.74B	19.67B	13.45B	10.86B	8.07B	7.82B
Cash Flow
Free Cash Flow	0.00	415.00M	-84.08M	-959.00M	-47.83M	248.87M
Operating Cash Flow	0.00	457.10M	-78.66M	-255.70M	1.45B	1.01B
Investing Cash Flow	0.00	-5.50B	-631.07M	-52.30M	-1.53B	-902.02M
Financing Cash Flow	0.00	5.00B	788.29M	-101.40M	807.44M	1.07B

Inox Green Energy Services Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 265.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 265.1 is above the 20-day moving average (MA) of 256.48, above the 50-day MA of 211.29, and above the 200-day MA of 163.99, indicating a bullish trend. The MACD of 15.15 indicates Positive momentum. The RSI at 62.96 is Neutral, neither overbought nor oversold. The STOCH value of 62.48 is Neutral, 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
KPIGREEN	72 Outperform	₹105.02B	29.28	―	0.18%	70.67%	59.54%
TDPOWERSYS	68 Neutral	₹121.95B	58.57	―	0.21%	40.14%	53.51%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
INOXGREEN	62 Neutral	₹99.08B	259.84	―	―	14.36%	3.96%
SWELECTES	59 Neutral	₹11.55B	43.00	―	0.39%	103.45%	-53.21%
BORORENEW	56 Neutral	₹87.49B	―	―	―	4.94%	-328.07%
SWSOLAR	45 Neutral	₹54.81B	-14.77	―	―	112.24%	-474.43%

Inox Green Energy Services Ltd. Corporate Events

Inox Green Energy Services Updates Registrar’s Contact Information

Inox Green Energy Services Ltd. announced a change in the email ID of its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, effective from October 1, 2025. This update is part of the company’s compliance with SEBI regulations and aims to streamline investor services, ensuring efficient communication with stakeholders.

Inox Green Energy Services Announces Scheme of Arrangement with Inox Renewable Solutions

Inox Green Energy Services Limited has announced a Scheme of Arrangement with Inox Renewable Solutions Limited, as directed by the National Company Law Tribunal, Ahmedabad Bench. The scheme involves meetings with equity shareholders, warrant holders, and creditors to consider and potentially approve the arrangement, which could impact the company’s operational structure and stakeholder relationships.

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.