Inox Green Energy Services Limited share price
NSE: INOXGREEN · ISIN INE510W01014
Key numbers
- Market cap
- ₹ 6,919 Cr
- Current price
- ₹ 172.32
- 52-week high / low
- ₹ 279 / 133
- Stock P/E
- 54.7
- Book value
- ₹ 43.6
- Dividend yield
- 0.00%
- ROCE
- 8.4%
- ROE
- 5.6%
- Debt to equity
- 0.05
- Sales growth (3 yrs)
- 10.9%
- Profit growth (3 yrs)
- -
- 1-year return
- -12.2%
About Inox Green Energy Services Limited
Inox Green Energy Services Limited provides operation and maintenance services, and common infrastructure facilities for wind turbine generators in India. The company operates through Operation & Maintenance; Erection, Procurement & Commissioning; Power Generation; and Trading Income segments. It offers operational services, including remote monitoring and control through supervisory control and data acquisition system; daily generation reports to the customers; and wind farm maintenance services. 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.
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 52 | 86 | 82 | 69 | 43 |
| Operating profit | 2 | 9 | 23 | -3 | -1 |
| Net profit | 22 | 28 | 25 | 28 | 41 |
| EPS (₹) | 0.58 | 0.74 | 0.65 | 0.71 | 1.01 |
Concall summary (2026-08-12)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- I'm pleased to inform in quarter 1 FY27 on a consol basis, INOX Wind has reported a revenue of INR872 crores, adjusted EBITDA of INR237 crores, PBT of INR95 crores, PAT of INR64 crores and cash profit of INR153 crores.
- The installed wind capacity in India is expected to be 7x the current capacity in the next 2 decades.
Growth & demand
- As of July '26, the share of equipment supply in our order book stood at approximately 59% with the balance 41% being turnkey.
- Power demand continues to remain strong, and it is worth noting that power demand in the first 4 months of FY27 so far has been the highest by far in the last 4 years.
Margins & costs
- And we maintain that revenue guidance of 75% growth over the previous year and an EBITDA margin of 20% to 22% on a consol basis is what we maintain our guidance for the full year basis.
- So Rahul, see, generally, our guidance on the O&M business of Wind portfolio stands at 50% EBITDA margin. and that has been guidance.
Capex & expansion
- Our expansion plan, and I would like everyone to hear this with open eyes and ears, our expansion plans in INOX Renewable Solutions Limited are also progre ssing well.
- Our operational Jaipur transformer factory is gearing up to manufacture our next bigger capacity, which is 4.9 MVA transformers for our 4X series.
Balance sheet & cash
- In terms of the receivable numbers, per se, our receivable is accounted as per the Ind AS 115, which is on the risk transfer basis and some part of the receivable got struck in receivable till it has got commissioned.
- So till it has got commissioned, the receivable got to start reflecting that receivable will show in a higher number.
Peers in Utilities - Renewable
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