Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47 | 60 | 52 | 51 | 55 | 61 | 65 | 56 | 86 | 78 | 69 | 43 |
| Expenses | 34 | 40 | 41 | 34 | 37 | 46 | 68 | 50 | 77 | 59 | 71 | 44 |
| Operating Profit | 13 | 20 | 12 | 17 | 19 | 16 | -3 | 6 | 9 | 19 | -3 | -1 |
| OPM % | 27% | 33% | 22% | 33% | 34% | 26% | -4.6% | 11% | 10% | 24% | -4.1% | -2.2% |
| Other Income | 13 | -2 | 31 | 7 | 9 | 12 | 19 | 42 | 44 | 23 | 50 | 58 |
| Interest | 7 | 5 | 9 | 6 | 5 | 4 | 4 | 4 | 1 | 2 | 2 | 2 |
| Depreciation | 13 | 13 | 13 | 13 | 13 | 13 | 0 | 11 | 10 | 0 | 0 | 0 |
| Profit before tax | 6 | 0 | 20 | 5 | 10 | 10 | 11 | 33 | 41 | 39 | 45 | 54 |
| Tax % | 8% | 944% | -4% | 17% | 37% | 50% | 43% | 32% | 31% | 37% | 38% | 25% |
| Net Profit | 6 | -1 | 21 | 4 | 6 | 5 | 6 | 22 | 28 | 25 | 28 | 41 |
| EPS in Rs | 0.20 | -0.05 | 0.73 | 0.13 | 0.18 | 0.11 | 0.15 | 0.60 | 0.76 | 0.66 | 0.69 | 1.01 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 368 | 164 | 165 | 172 | 172 | 254 | 224 | 236 | 281 | 276 |
| Expenses | 352 | 82 | 77 | 109 | 90 | 197 | 149 | 184 | 258 | 252 |
| Operating Profit | 15 | 82 | 88 | 63 | 82 | 57 | 75 | 52 | 23 | 24 |
| OPM % | 4.2% | 50% | 53% | 37% | 48% | 23% | 33% | 22% | 8% | 9% |
| Other Income | -14 | -68 | -47 | -112 | -70 | 40 | 35 | 57 | 144 | 175 |
| Interest | 65 | 30 | 53 | 61 | 55 | 71 | 25 | 19 | 9 | 7 |
| Depreciation | 17 | 27 | 40 | 49 | 50 | 65 | 53 | 53 | 2 | 11 |
| Profit before tax | -80 | -43 | -51 | -158 | -93 | -39 | 31 | 37 | 157 | 180 |
| Tax % | -29% | 23% | 2% | -3% | 0% | -48% | 12% | 41% | 34% | |
| Net Profit | -57 | -53 | -52 | -154 | -93 | -20 | 28 | 22 | 103 | 122 |
| EPS in Rs | -5,664.00 | -9.13 | -4.52 | -11.94 | -3.97 | -0.66 | 0.95 | 0.54 | 2.55 | 3.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 10% | 3% | 16% | ||
| Compounded Profit Growth | % | 21% | 69% | 204% | ||
| Stock Price CAGR | % | % | 38% | -16% | ||
| Return on Equity | % | 0% | 3% | 6% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 57 | 116 | 129 | 235 | 292 | 294 | 367 | 401 |
| Reserves | 2 | -8 | -20 | -86 | 572 | 835 | 1,051 | 1,600 | 1,306 |
| Borrowings | 956 | 1,154 | 1,085 | 1,411 | 904 | 595 | 174 | 181 | 88 |
| Other Liabilities | 551 | 698 | 1,158 | 1,239 | 410 | 433 | 564 | 339 | 317 |
| Total Liabilities | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,155 | 2,083 | 2,487 | 2,113 |
| Fixed Assets | 500 | 512 | 776 | 765 | 953 | 1,095 | 755 | 704 | 15 |
| CWIP | 10 | 59 | 26 | 251 | 133 | 7 | 7 | 7 | 6 |
| Investments | 0 | 71 | 72 | 33 | 33 | 0 | 0 | 446 | 550 |
| Other Assets | 999 | 1,260 | 1,465 | 1,645 | 1,002 | 1,052 | 1,320 | 1,330 | 1,542 |
| Total Assets | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,155 | 2,083 | 2,487 | 2,113 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 65 | -41 | 362 | 49 | 141 | -26 | -8 | 60 | 67 |
| Cash from Investing Activity | -168 | -170 | -306 | -105 | -153 | -5 | -63 | -637 | -293 |
| Cash from Financing Activity | 82 | 195 | -52 | 174 | -63 | -10 | 79 | 572 | 307 |
| Net Cash Flow | -21 | -17 | 3 | 117 | -76 | -42 | 8 | -5 | 81 |
| Free Cash Flow | -102 | -163 | 66 | -53 | -8 | -97 | -8 | 56 | 65 |
| CFO/OP | 513% | -52% | 423% | 54% | 177% | -56% | -5% | 103% | 344% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 242 | 410 | 552 | 473 | 144 | 133 | 213 | 279 | 216 |
| Inventory Days | 1,891 | 540 | 215 | ||||||
| Days Payable | 2,200 | 2,029 | 758 | ||||||
| Cash Conversion Cycle | -67 | 410 | 552 | 473 | -1,344 | -409 | 213 | 279 | 216 |
| Working Capital Days | -213 | -784 | -2,132 | -2,799 | -1,105 | -217 | 392 | 741 | 225 |
| ROCE % | 5% | 4% | 2% | 3% | 1% | 4% | 3% | 8% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 55.72% | 55.72% | 55.72% | 55.72% | 56.35% | 55.93% | 55.93% | 55.97% | 55.97% | 54.82% | 56.12% | 56.12% |
| FIIs | 8.33% | 9.20% | 8.33% | 9.16% | 9.12% | 8.79% | 8.93% | 7.19% | 7.88% | 7.57% | 8.74% | 7.86% |
| DIIs | 2.94% | 2.84% | 1.75% | 1.72% | 3.70% | 3.71% | 3.72% | 1.33% | 1.08% | 1.41% | 1.50% | 1.87% |
| Public | 33.01% | 32.24% | 34.21% | 33.40% | 30.84% | 31.56% | 31.42% | 35.50% | 35.07% | 36.21% | 33.65% | 34.17% |
| No. of Shareholders | 83,292 | 93,830 | 1,07,498 | 1,21,044 | 1,43,748 | 1,54,405 | 1,53,492 | 1,47,635 | 1,30,308 | 1,15,739 | 1,17,889 | 1,14,521 |
Fundamentals
Market Cap₹ 6,583 Cr.
Current Price₹ 164
Stock P/E53.7
Book Value₹ 42.5
ROCE8.42 %
ROE5.62 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)204%
Consolidated figures.
Valuation
Market capRs 5,836 Cr
Enterprise valueRs 5,968 Cr
P/E (TTM)48.20x
Price to book2.97x
Price to sales21.16x
EV / EBITDA30.09x
EV / EBIT31.93x
EV / sales21.64x
Price to cash flow96.66x
Earnings yield2.07%
P/E, 3-year average168.07x
P/B, 3-year average1.89x
P/E, 5-year average168.07x
P/B, 5-year average1.89x
Profitability
Operating margin (excl. other income)22.05%
Operating margin (incl. other income)46.33%
EBITDA margin71.92%
Pre-tax margin65.17%
Net profit margin43.90%
Net margin, latest quarter94.02%
ROE1.20%
ROCE3.05%
ROA0.87%
ROE, 3-year average0.48%
ROCE, 3-year average2.81%
ROA, 3-year average0.43%
ROE, 5-year average-48.10%
ROCE, 5-year average-0.28%
ROA, 5-year average-1.74%
ROIC (approx.)5.22%
Tax rate41.41%
Other income / net worth2.91%
Growth
Sales growth (latest year)5.03%
Profit growth (latest year)-29.03%
Sales CAGR, 3 years11.01%
Sales CAGR, 5 years7.34%
Sales growth QoQ-36.96%
Profit growth QoQ46.46%
Sales growth YoY (latest quarter)-22.97%
Profit growth YoY (latest quarter)84.75%
Per share
EPS (TTM)Rs 3.30
EPS (latest year)Rs 0.54
EPS (latest quarter)Rs 1.11
EPS, 3-year averageRs 0.28
EPS, 5-year averageRs -3.01
Book value per shareRs 53.60
Sales per shareRs 7.51
Cash flow per shareRs 1.64
Free cash flow per shareRs 1.77
Efficiency
Asset turnover0.09x
Fixed asset turnover0.33x
Inventory turnover1.02x
Inventory days359 days
Debtor days279 days
Debtors turnover1.31x
Creditor days758 days
Cash conversion cycle216 days
Working capital days225 days
Leverage
Total debtRs 181 Cr
Cash and bankRs 48 Cr
Net debtRs 133 Cr
Debt to equity0.09x
Net debt / EBITDA0.67x
Interest coverage25.93x
Current ratio (filing 2026-03-31)2.87x
Quick ratio (filing 2026-03-31)2.59x
Trade payables (filing 2026-03-31)Rs 96 Cr
Owners' fund to total sources79.11%
Debt to assets7.28%
Cash flow
Cash from Operating Activity (latest year)Rs 60 Cr
Cash from Investing Activity (latest year)Rs -637 Cr
Cash from Financing Activity (latest year)Rs 572 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 65 Cr
FCFE (approx.: FCF + change in debt)Rs 72 Cr
Cash from ops / profit, 5 years5.85x
Sales to cash flow3.90x
Statement figures
Net sales (TTM)Rs 276 Cr
Net sales (latest year)Rs 236 Cr
Sales (latest quarter)Rs 43 Cr
Operating profit excl. other income (latest year)Rs 52 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 175 Cr
EBITDA (TTM)Rs 198 Cr
PBDT (TTM)Rs 191 Cr
Profit before tax (TTM)Rs 180 Cr
Tax (latest year)Rs 15 Cr
Net profit (TTM)Rs 121 Cr
Net profit (latest year)Rs 20 Cr
Net profit (latest quarter)Rs 41 Cr
Depreciation (TTM)Rs 11 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 7 Cr
Cost of goods sold (latest year)Rs 99 Cr
Total expenditure (latest year)Rs 184 Cr
Total income (latest year)Rs 293 Cr
Share capitalRs 367 Cr
ReservesRs 1,600 Cr
Shareholders' fundsRs 1,967 Cr
Total assetsRs 2,487 Cr
Net blockRs 704 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 446 Cr
ReceivablesRs 180 Cr
InventoryRs 97 Cr
Other liabilitiesRs 339 Cr
Shares outstanding (crore)36.70
Ownership
Promoter holding56.12% (+0.15 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 2.97 is at the 6th percentile (median 4.93).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | INOXGREEN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.0% | -2.8% | -6.2 pts |
| 1 month | -0.8% | -6.8% | +6.0 pts |
| 3 months | -20.5% | -7.6% | -12.9 pts |
| 6 months | +16.9% | +0.4% | +16.5 pts |
| 1 year | -22.6% | -9.9% | -12.6 pts |
| 2 years | -26.9% | -13.6% | -13.4 pts |
| 3 years | +148.4% | +14.2% | +134.3 pts |
9 mutual fund schemes hold about ₹126 Cr.
Over three months 1 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bandhan Small Cap Fund | 0.24% | 83 | -12% |
| Mahindra Manulife Small Cap Fund | 0.37% | 20 | +100% |
| ICICI Pru ESG Exclusionary Strategy Fund | 1.15% | 16 | +2% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.28% | 7 | -1% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | +2% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | +2% |
| Mirae Asset Nifty Total Market Index Fund | 0.01% | 0 | +2% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | +2% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +2% |
Red flags
F-score 4 of 8| explain | Receivables outrunning sales Receivables grew 38% vs sales +5% in 2026 |
| explain | Share dilution Share count up 25% in a year, 56% in three |
| look | Inventory outrunning sales Inventory grew 38% vs sales +5% in 2026 |
| look | Profit leans on other income Other income was 153% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹43 Cr -23.2% vs Jun 2025.
Net profit ₹41 Cr +86.4%.
Activity
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| Sanghvi Movers Ltd | 3,930 | 19.2 | 15.6 % |
| CMS Info Systems Ltd | 3,675 | 12.2 | 17.9 % |
| Hemisphere Properties India Ltd | 3,274 | -1.14 % | |
| EFC (I) Ltd | 2,578 | 10.0 | 19.8 % |
| TVS Infrastructure Trust | 2,347 | 45.4 | % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-31 | Demerger |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Inox Green Energy Services Ltd?
Inox Green Energy Services Ltd (INOXGREEN) has a market capitalisation of Rs 6,583 Cr. at the 2026-10-01 close.
What is the P/E ratio of Inox Green Energy Services Ltd?
Inox Green Energy Services Ltd trades at a P/E of 53.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Inox Green Energy Services Ltd's latest quarterly results?
In the Jun 2026 quarter, Inox Green Energy Services Ltd sales was Rs 43 Cr (-23.2% vs Jun 2025) and net profit was Rs 41 Cr.
What is the 52-week high and low of Inox Green Energy Services Ltd?
The 52-week high is Rs 279.00 and the 52-week low is Rs 132.58.