Is Inox Green Energy Services a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Inox Green Energy Services Ltd is a below average quality company .

Is Inox Green Energy Services undervalued or overvalued?

The key valuation ratios of Inox Green Energy Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Inox Green Energy Services share price return in the past 10 years?

Data is not available for this company

Is Inox Green Energy Services a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Inox Green Energy Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Inox Green Energy Services?

The latest standalone P/E ratio of Inox Green Energy Services as of 21-Nov-2024 is 360.65.

What is the P/B ratio of Inox Green Energy Services?

The latest standalone P/B ratio of Inox Green Energy Services as of 21-Nov-2024 is 2.97.

What is the 52-week high and low of Inox Green Energy Services?

The 52-week high of Inox Green Energy Services is Rs. 224.65 and the 52-week low is Rs. 66.65.

Inox Green Energy Services Ltd - Stock Valuation and Financial Performance

Name: Inox Green Energy Services
Brand: Inox Green Energy Services

BSE: 543667 | NSE: INOXGREEN | Engineering | Small Cap

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Inox Green Enrgy Ser Share Price

₹142.15 -7.90 -5.26%
as on 21-Nov'24 16:59

10 Year X-Ray of Inox Green Enrgy Ser:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-9.3%	6.4%	16.7%	-1.9%	1%	5.1%	4.3%	3.1%	1.1%	2.6%	-
Value Creation Index ⓘ	NA	-0.5	0.2	NA	-0.9	-0.6	-0.7	-0.8	-0.9	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	222	628	697	367	215	400	177	174	248	202	197
Sales YoY Gr.	-	183.4%	10.9%	-47.4%	-41.3%	85.7%	-55.8%	-1.6%	42.5%	-18.5%	-
Adj EPS ⓘ	-7,087.9	-3,268.3	11,104.3	-10,092.6	-7.8	-3.9	-0.6	-0.2	-1.9	0.9	0.4
YoY Gr.	-	NA	NA	-190.9%	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	-9,058.5	2,097.3	10,324.6	-1,147.9	6.5	6.8	8.4	38.6	40.4	40.9	50.5
Adj Net Profit ⓘ	-35.4	-16.3	55.5	-50.5	-45	-44.7	-7.5	-5	-55.7	27.2	15
Cash Flow from Ops. ⓘ	-93.9	-24.7	-6.9	72.6	-70.3	409	112	155	-72.9	53.7	-
Debt/CF from Ops. ⓘ	-3.9	-20.1	-115.6	13.2	-16.1	2.6	10.9	4.5	-5.2	2.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-1%	-1.3%	4.5%	-18.5%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	44.6%	69.8%	1.1%
Share Price	-	-	-	111.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	128.5	93.9	178.8	-220	-286.4	-76.7	-8	-1	-5.3	2.1	0.9
Op. Profit Mgn % ⓘ	-11	4.2	19.5	1	21.6	26.4	49.2	48.4	20.1	39.6	36.5
Net Profit Mgn % ⓘ	-16	-2.6	8	-13.8	-20.9	-11.2	-4.2	-2.9	-22.5	13.5	7.8
Debt to Equity ⓘ	-8.2	47.3	15.3	-166.6	30.5	13.4	11.4	0.8	0.3	0.1	0
Working Cap Days ⓘ	651	351	463	999	1,862	1,184	2,888	2,304	1,206	1,632	725
Cash Conv. Cycle ⓘ	331	134	93	157	-71	-10	-411	-134	41	114	525

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.90%

Sales growth has been subdued in last 3 years 4.54%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -7.49%

Latest Financials - Inox Green Energy Services Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.4	0.8
TTM Sales (₹ Cr.)	197	218
BVPS (₹.) ⓘ	50.5	49
Reserves (₹ Cr.) ⓘ	1,488	1,430
P/BV ⓘ	2.97	3.07
PE ⓘ	360.65	184.00

From the Market
52 Week Low / High (₹)	66.65 / 224.65
All Time Low / High (₹)	38.50 / 224.65
Market Cap (₹ Cr.)	5,507
Equity (₹ Cr.)	367
Face Value (₹)	10
Industry PE ⓘ	46.2

Management X-Ray of Inox Green Enrgy Ser:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

8.81

13.08

9.66

4.68

* Pledged shares as % of Promoter's holding (%)

Valuation of Inox Green Enrgy Ser

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Price to Earnings

Enterprise Value to EBIT

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Dividend History

Analyst's Notes

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Key Ratios of Inox Green Enrgy Ser

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	222	628	697	367	215	400	177	174	248	202
Operating Expenses ⓘ	246	602	561	363	169	294	90	90	216	122
Manufacturing Costs	328	468	429	188	135	209	30	24	67	51
Material Costs	-142	36	10	57	-62	-11	0	14	53	1
Employee Cost	16	28	38	36	31	25	19	22	25	25
Other Costs ⓘ	45	70	84	83	65	71	41	30	72	46
Operating Profit ⓘ	-24	26	136	3	47	105	87	84	31	80
Operating Profit Margin (%)	-11.0%	4.2%	19.5%	0.9%	21.6%	26.4%	49.2%	48.4%	12.7%	39.6%
Other Income ⓘ	1	10	7	7	9	12	15	10	43	39
Interest ⓘ	27	45	38	65	100	147	61	52	55	25
Depreciation ⓘ	2	5	9	17	27	40	49	49	58	53
Exceptional Items ⓘ	0	-5	-21	-11	-17	-19	0	0	0	-26
Profit Before Tax ⓘ	-52	-18	75	-82	-89	-88	-8	-7	-38	16
Tax ⓘ	-16	-2	33	-24	-32	-31	-3	-2	29	4
Profit After Tax	-35	-17	41	-58	-57	-58	-5	-4	-67	12
PAT Margin (%)	-16.0%	-2.6%	5.9%	-15.8%	-26.6%	-14.4%	-2.8%	-2.5%	-27.0%	5.7%
Adjusted EPS (₹)	-7,087.9	-3,321.1	8,225.1	-11,579.9	-10.0	-5.0	-0.4	-0.2	-2.3	0.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	-45	10	52	-6	37	79	107	907	1,180	1,400
Share Capital ⓘ	0	0	0	0	57	116	129	235	292	494
Reserves ⓘ	-45	10	52	-6	-20	-37	-21	672	888	907
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	369	496	694	707	893	776	996	563	356	35
Long Term Debt	1	412	526	549	526	302	249	164	108	5
Short Term Debt	368	84	167	159	367	474	747	399	248	30
Trade Payables	166	268	387	346	384	414	476	59	62	52
Others Liabilities ⓘ	21	189	319	476	515	958	841	332	236	322
Total Liabilities ⓘ	511	963	1,452	1,524	1,829	2,228	2,421	1,862	1,835	1,808
Fixed Assets
Gross Block	8	172	283	528	534	838	909	1,036	1,048	1,049
Accumulated Depreciation	2	5	14	31	58	97	146	195	253	306
Net Fixed Assetsⓘ	6	167	269	497	476	741	762	841	796	743
CWIP ⓘ	35	29	94	10	53	21	48	12	2	1
Investmentsⓘ	2	18	13	10	81	73	163	164	130	17
Inventories	290	317	321	248	381	327	327	21	24	63
Trade Receivables	117	238	394	246	193	259	230	68	86	124
Cash Equivalents	1	7	51	23	5	14	27	69	45	15
Others Assetsⓘ	59	187	311	488	640	792	864	687	752	846
Total Assets ⓘ	511	963	1,452	1,524	1,829	2,228	2,421	1,862	1,835	1,808

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-94	-25	-7	73	-70	409	112	155	-73	54
PBT ⓘ	-52	-18	75	-82	-89	-88	-72	-82	-38	16
Adjustment ⓘ	27	50	63	110	138	195	175	130	77	58
Changes in Working Capital ⓘ	-69	-46	-130	57	-121	295	-6	112	-117	-18
Tax Paid ⓘ	-1	-10	-14	-13	1	-12	14	-4	5	-2
Cash Flow From Investing Activity ⓘ	-26	-148	-212	-191	-107	-308	-176	-53	26	37
Capex	-24	-130	-169	-167	-83	-296	-79	-93	-5	0
Net Investments	-1	0	-11	-10	18	-8	2	-19	-11	87
Others ⓘ	-1	-19	-32	-14	-42	-4	-99	59	43	-51
Cash Flow From Financing Activityⓘ	119	180	250	82	176	-99	80	-77	5	-82
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	370	0
Net Proceeds from Borrowing ⓘ	1	500	194	154	52	-103	-39	110	-162	-45
Interest Paid ⓘ	-26	-36	-27	-63	-84	-104	-98	-135	-52	-19
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	145	-284	83	-9	208	108	217	-53	-150	-19
Net Cash Flow ⓘ	0	7	31	-36	-1	2	16	25	-41	8

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	0	132.43	N/A	-364.29	-98.66	-5.35	-0.87	-6.41	0.97
ROCE (%)	N/A	6.38	16.74	N/A	1.04	5.12	4.27	3.11	1.06	2.64
Asset Turnover Ratio	0.51	0.85	0.58	0.25	0.13	0.2	0.08	0.08	0.13	0.11
PAT to CFO Conversion(x)	N/A	N/A	-0.17	N/A	N/A	N/A	N/A	N/A	N/A	4.5
Working Capital Days
Receivable Days	218	103	165	318	372	206	504	312	114	191
Inventory Days	355	177	167	283	534	324	676	366	33	78
Payable Days	-361	2,174	0	2,364	-2,156	0	0	6,768	420	0

Inox Green Energy Services Ltd Stock News

Inox Green Energy Services Ltd FAQs

What is the share price of Inox Green Enrgy Ser?

Company share prices are keep on changing according to the market conditions. The closing price of Inox Green Enrgy Ser on 21-Nov-2024 16:59 is ₹142.2.

What is the market cap of Inox Green Enrgy Ser?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Inox Green Enrgy Ser stood at ₹5,507.1.

What is the P/E ratio of Inox Green Enrgy Ser?

The latest P/E ratio of Inox Green Enrgy Ser as of 21-Nov-2024 16:59 is 360.6.

What is the P/B ratio of Inox Green Enrgy Ser?

The latest P/B ratio of Inox Green Enrgy Ser as of 21-Nov-2024 16:59 is 2.97.

What is the 52-week high and low of Inox Green Enrgy Ser?

The 52-week high of Inox Green Enrgy Ser is ₹224.7 and the 52-week low is ₹66.65.

What is the TTM revenue of Inox Green Enrgy Ser?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Inox Green Enrgy Ser is ₹197.4 ( Cr.) .

About Inox Green Energy Services Ltd

Inox Green Energy Services was originally incorporated as ‘Inox Wind Infrastructure Services Limited’ at Vadodara, Gujarat as a public company limited by shares under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 11, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The company commenced operations pursuant to a certificate for commencement of business dated June 14, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The name of the company was changed to ‘Inox Green Energy Services Limited’, pursuant to a resolution of board of directors of the company dated October 6, 2021 and a special resolution passed in extra-ordinary general meeting held on October 21, 2021, pursuant to which a fresh certificate of incorporation was issued by the RoC on October 27, 2021.

The company is one of the major wind power operation and maintenance (O&M) service providers within India. It has stable annual income owing to the long-term O&M contracts that it enters into with its customers. It is a subsidiary of Inox Wind (IWL), a company which is listed on the National Stock Exchange of India Limited and BSE Limited, and part of the Inox GFL group of companies (Inox GFL Group).

The company enjoys synergistic benefits as a subsidiary of IWL, which is principally engaged in the business of manufacturing wind turbine generators (WTGs) and providing turnkey solutions by supplying WTGs and offering a variety of services including wind resource assessment, site acquisition, infrastructure development, EPC of WTGs, and, through the company, providing long-term O&M services for wind power projects.

Business area of the company

The company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs.

Key awards, accreditations or recognitions:

2022: ISO 14001:2015 accreditation for the management system by TUV Austria Cert GMBH.
2022: ISO 45001:2018 accreditation for the management system by TUV Austria Cert GMBH.

Major events and milestones

2012: Incorporation of the Company as a public limited company, with the name ‘Inox Wind Infrastructure Services Limited’.
2013: Acquired 100% shareholding of Marut-Shakti Energy India Limited (“MSEIL”), pursuant to a share purchase agreement with MSEIL and its shareholders.
2015: Acquired 100% shareholding of Satviki Energy Private Limited (“SEPL”) and Sarayu Wind Power (Tallimadugula) Private Limited (“SWPTPL”), pursuant to share purchase agreements with SEPL and its shareholders and SWPTPL and its shareholders, respectively.
2016: Acquired 100% shareholding of Vinirrmaa Energy Generation Private Limited (“VEGPL”), Sarayu Wind Power (Kondapuram) Private Limited (“SWPKPL”) and RBRK Investments Limited (“RBRK”) pursuant to share purchase agreements with VEGPL and its shareholders, SWPKPL and its shareholders and RBRK and its shareholders respectively.
2017: Awarded 10 wind power projects of 50 MW each by SECI.
2018: Awarded four wind power projects of 50 MW each and two wind power projects of 100 MW each by SECI.
2020: Divested 100% shareholding in Sri Pavan Energy Private Limited, pursuant to a shareholders agreement entered into with KPR Infra & Projects Limited.
2021: Divested 100% shareholding in Resco Global Wind Services Private Limited, pursuant to a share purchase agreement with Inox Wind Limited.
2021: Divested 100% shareholding in Marut-Shakti Energy India Limited, Satviki Energy Private Limited, Sarayu Wind Power (Tallimadugula) Private Limited, Vinirrmaa Energy Generation Private Limited, Sarayu Wind Power (Kondapuram) Private Limited and RBRK Investments Limited, pursuant to respective share purchase agreements with Resco Global Wind Services Private Limited.
2021: Changed the name of the Company from ‘Inox Wind Infrastructure Services Limited to ‘Inox Green Energy Services Limited’.
2021: Divested the business undertaking, assets and liabilities of the erection and commissioning services of wind turbine generators (EPC) business of the company on slump sale basis, pursuant to a business transfer agreement with Resco Global Wind Services Private Limited.
2022: Divested 100% shareholding in Wind Two Renergy Private Limited to Torrent Power Limited.
2022: Divested 100% shareholding each in Wind One Renergy Limited, Wind Three Renergy Limited and Wind Five Renergy Limited to Adani Green Energy Limited.