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Inox Green Energy Services
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Inox Green Energy Services Limited was originally incorporated as a Public Company Limited by Shares under the name, Inox Wind Infrastructure Services Limited' at Vadodara, Gujarat dated May 11, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The Company commenced operations dated June 14, 2012 and name of the Company was changed to Inox Green Energy Services Limited', pursuant to 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 which incorporated in 2012. It is engaged in providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators (WTGs) and the common infrastructure facilities such as pooling stations and transmission lines which support power evacuation from such WTGs. It has stable annual income owing to long-term O&M contracts. The Company is a subsidiary of Inox Wind Limited which is a part of the Inox GFL Group of Companies.
In 2013, the Company acquired 100% shareholding of Marut-Shakti Energy India Limited (MSEIL).
In 2015, it acquired 100% shareholding of Satviki Energy Private Limited (SEPL) and Sarayu Wind Power (Tallimadugula) Private Limited (SWPTPL).
In 2016, it acquired 100% shareholding of Vinirrmaa Energy Generation Private Limited (VEGPL), Sarayu Wind Power (Kondapuram) Private Limited (SWPKPL) and RBRK Investments Limited (RBRK).
In 2020, it divested 100% shareholding in Sri Pavan Energy Private Limited, pursuant to a Shareholders' Agreement signed with KPR Infra & Projects Limited.
In 2021, it divested 100% shareholding in Resco Global Wind Services Private Limited, pursuant to a share purchase agreement with Inox Wind Limited. It 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. It divested the business undertaking, 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.
In 2022, the Company divested 100% shareholding in Wind Two Renergy Private Limited to Torrent Power Limited. It divested 100% shareholding each in Wind One Renergy Limited, Wind Three Renergy Limited and Wind Five Renergy Limited to Adani Green Energy Limited.
The Company came out with a Public Issue during November, 2022 by raising Rs. 740 crores through Fresh Issue amounting to Rs. 370 crores and Offer for Sale amounting to Rs. 370 crores.
Inox Green Energy Services share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Inox Green Energy Services indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Inox Green Energy Services is valued compared to its competitors.
Inox Green Energy Services PE ratio helps investors understand what is the market value of each stock compared to Inox Green Energy Services 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Inox Green Energy Services evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Inox Green Energy Services generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Inox Green Energy Services in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Inox Green Energy Services shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Inox Green Energy Services compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Inox Green Energy Services over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Inox Green Energy Services helps investors get an insight into when they can enter or exit the stock. Key components of Inox Green Energy Services Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Inox Green Energy Services shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Inox Green Energy Services ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Inox Green Energy Services provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Inox Green Energy Services highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Inox Green Energy Services .
The balance sheet presents a snapshot of Inox Green Energy Services ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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