About
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.
Key Metrics
as of Sep 2026Market Cap7,084 Cr
P/E57.80
Div Yield0.00 %
Book Value₹42.50
52w High₹272.00
52w Low₹129.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30.00 | 53.00 | 72.00 | 73.00 | 48.00 | 53.00 | 51.00 | 52.00 | 45.00 | 46.00 | 55.00 | 44.00 | 50.00 |
| Expenses | 32.00 | 60.00 | 51.00 | 64.00 | 43.00 | 58.00 | 38.00 | 32.00 | 28.00 | 32.00 | 34.00 | 28.00 | 28.00 |
| Operating Profit | -2.00 | -7.00 | 21.00 | 8.00 | 5.00 | -5.00 | 13.00 | 20.00 | 17.00 | 15.00 | 20.00 | 16.00 | 22.00 |
| OPM % | -8.00 | -12.00 | 29.00 | 12.00 | 10.00 | -10.00 | 26.00 | 39.00 | 38.00 | 32.00 | 37.00 | 36.00 | 44.00 |
| Other Income | 26.00 | 22.00 | 15.00 | 19.00 | 22.00 | 27.00 | 21.00 | 13.00 | 4.00 | 7.00 | 2.00 | 10.00 | 2.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 10.00 | 11.00 | 0.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Interest | 2.00 | 1.00 | 2.00 | 1.00 | 3.00 | 4.00 | 3.00 | 5.00 | 5.00 | 9.00 | 5.00 | 6.00 | 6.00 |
| Profit before tax | 22.00 | 14.00 | 34.00 | 16.00 | 12.00 | 18.00 | 17.00 | 16.00 | 3.00 | -1.00 | 4.00 | 7.00 | 5.00 |
| Tax % | 29.00 | 48.00 | 27.00 | 28.00 | 29.00 | 26.00 | 29.00 | 29.00 | 29.00 | 33.00 | 32.00 | 17.00 | 29.00 |
| Net Profit | 15.00 | 7.00 | 25.00 | 12.00 | 9.00 | 13.00 | 12.00 | 11.00 | 2.00 | -1.00 | 3.00 | 6.00 | 4.00 |
| EPS in Rs | 0.39 | 0.18 | 0.66 | 0.32 | 0.24 | 0.36 | 0.33 | 0.31 | 0.07 | -0.03 | 0.10 | 0.19 | 0.13 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 238.00 | 205.00 | 202.00 | 248.00 | 174.00 | 177.00 | 400.00 | 215.00 | 367.00 | 592.00 |
| Expenses | 219.00 | 156.00 | 122.00 | 198.00 | 90.00 | 90.00 | 294.00 | 162.00 | 348.00 | 593.00 |
| Operating Profit | 19.00 | 49.00 | 80.00 | 50.00 | 84.00 | 87.00 | 105.00 | 53.00 | 19.00 | -1.00 |
| OPM % | 8.00 | 24.00 | 40.00 | 20.00 | 48.00 | 49.00 | 26.00 | 25.00 | 5.00 | -0.20 |
| Other Income | 64.00 | 76.00 | 13.00 | 24.00 | -42.00 | -52.00 | -7.00 | -15.00 | -19.00 | 2.00 |
| Interest | 8.00 | 17.00 | 25.00 | 55.00 | 52.00 | 61.00 | 147.00 | 100.00 | 65.00 | 37.00 |
| Depreciation | 1.00 | 53.00 | 53.00 | 58.00 | 49.00 | 49.00 | 40.00 | 27.00 | 17.00 | 5.00 |
| Profit before tax | 75.00 | 54.00 | 16.00 | -38.00 | -59.00 | -75.00 | -88.00 | -89.00 | -82.00 | -41.00 |
| Tax % | 30.00 | 29.00 | 27.00 | 75.00 | -4.00 | -4.00 | -35.00 | -36.00 | -29.00 | -30.00 |
| Net Profit | 52.00 | 38.00 | 12.00 | -67.00 | -57.00 | -72.00 | -58.00 | -57.00 | -58.00 | -29.00 |
| EPS in Rs | 1.31 | 1.05 | 0.39 | -2.29 | -2.43 | -5.59 | -4.95 | -9.96 | -5,790.00 | -2,903.00 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 401.00 | 367.00 | 294.00 | 292.00 | 235.00 | 129.00 | 116.00 | 57.00 | 0.05 | 0.05 |
| Reserves | 1,330.00 | 1,672.00 | 1,107.00 | 888.00 | 672.00 | -21.00 | -37.00 | -20.00 | -6.00 | -74.00 |
| Borrowings | 32.00 | 125.00 | 119.00 | 382.00 | 694.00 | 1,224.00 | 1,060.00 | 1,131.00 | 956.00 | 585.00 |
| Other Liabilities | 250.00 | 316.00 | 382.00 | 369.00 | 386.00 | 1,190.00 | 1,151.00 | 693.00 | 574.00 | 398.00 |
| Total Liabilities | 2,014.00 | 2,480.00 | 1,901.00 | 1,931.00 | 1,987.00 | 2,521.00 | 2,291.00 | 1,861.00 | 1,524.00 | 909.00 |
| Fixed Assets | 2.00 | 690.00 | 743.00 | 796.00 | 841.00 | 762.00 | 741.00 | 476.00 | 497.00 | 167.00 |
| CWIP | 6.00 | 7.00 | 1.00 | 2.00 | 12.00 | 48.00 | 21.00 | 53.00 | 10.00 | 29.00 |
| Investments | 17.00 | 197.00 | 17.00 | 130.00 | 164.00 | 163.00 | 73.00 | 81.00 | 10.00 | 18.00 |
| Other Assets | 1,989.00 | 1,585.00 | 1,140.00 | 1,004.00 | 971.00 | 1,548.00 | 1,455.00 | 1,251.00 | 1,006.00 | 695.00 |
| Total Assets | 2,014.00 | 2,480.00 | 1,901.00 | 1,931.00 | 1,987.00 | 2,521.00 | 2,291.00 | 1,861.00 | 1,524.00 | 909.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 88.00 | 70.00 | 54.00 | -73.00 | 155.00 | 112.00 | 409.00 | -70.00 | 73.00 | -25.00 |
| Cash from Investing Activity | -288.00 | -650.00 | 37.00 | 26.00 | -53.00 | -176.00 | -308.00 | -107.00 | -191.00 | -148.00 |
| Cash from Financing Activity | 281.00 | 575.00 | -82.00 | 5.00 | -77.00 | 80.00 | -99.00 | 176.00 | 82.00 | 180.00 |
| Net Cash Flow | 81.00 | -4.00 | 8.00 | -41.00 | 25.00 | 16.00 | 2.00 | -1.00 | -36.00 | 7.00 |
| Free Cash Flow | 86.00 | 65.00 | 54.00 | -78.00 | 62.00 | 32.00 | 113.00 | -70.00 | 73.00 | -154.00 |
| CFO/OP % | 509.00 | 132.00 | 70.00 | -156.00 | 189.00 | 112.00 | 400.00 | -134.00 | 447.00 | 1,264.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 230.00 | 302.00 | 225.00 | 127.00 | 143.00 | 474.00 | 236.00 | 327.00 | 244.00 | 147.00 |
| Inventory Days | 1,894.00 | — | — | 164.00 | 540.00 | — | — | — | 1,600.00 | 3,183.00 |
| Days Payable | 1,760.00 | — | — | 430.00 | 1,496.00 | — | — | — | 2,231.00 | 2,664.00 |
| Cash Conversion Cycle | 363.00 | 302.00 | 225.00 | -138.00 | -812.00 | 474.00 | 236.00 | 327.00 | -387.00 | 667.00 |
| Working Capital Days | 1,094.00 | 1,454.00 | 529.00 | -54.00 | -909.00 | -2,428.00 | -859.00 | -548.00 | -200.00 | 147.00 |
| ROCE % | 4.00 | 4.00 | 4.00 | 2.00 | 3.00 | 4.00 | 6.00 | 3.00 | — | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 31 Jul 2026 | 01 Aug 2026 | — | — | Spin Off |
| Other | 31 Jul 2026 | 01 Aug 2026 | — | — | Demerger |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update27 Aug from smera
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Rating update16 Jun from crisil
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Rating update28 Jan from crisil
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Rating update28 Feb 2025 from crisil
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Rating update24 Dec 2024 from crisil
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Rating update14 Jun 2024 from crisil