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Indowind Energy Limited
(INDOWIND)
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Rating:47Neutral
Price Target:
₹9.00
▼(-43.47% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak and inconsistent cash flow generation and a very high P/E valuation. These risks are partially offset by meaningful balance-sheet deleveraging, while technical indicators appear broadly neutral rather than strongly supportive.
Positive Factors
Sharp deleveraging
Material deleveraging reduces interest and refinancing risk, giving the wind-generation business greater resilience through operating volatility. Lower leverage can also preserve funding capacity for maintenance and selective asset investment over the next several years.
Negative Factors
Weak cash generation
Unreliable operating cash flow and recurring negative free cash flow weaken self-funding capacity. Persistent cash burn can constrain maintenance, debt reduction and new investment, making the business more dependent on financing or asset-level cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp deleveraging
Material deleveraging reduces interest and refinancing risk, giving the wind-generation business greater resilience through operating volatility. Lower leverage can also preserve funding capacity for maintenance and selective asset investment over the next several years.
Read all positive factors
Indowind Energy Limited (INDOWIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.46B
Dividend YieldN/A
Average Volume (3M)34.37K
Price to Earnings (P/E)180.4
Beta (1Y)1.67
Revenue Growth-1.42%
EPS Growth-61.23%
CountryIN
Employees68
SectorGeneral
Sector StrengthN/A
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.05
Shares Outstanding161,002,170
10 Day Avg. Volume18,555
30 Day Avg. Volume34,374
Financial Highlights & Ratios
PEG Ratio-2.84K
Price to Book (P/B)0.37
Price to Sales (P/S)2.82
P/FCF Ratio-5.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indowind Energy Limited Business Overview & Revenue Model
Company Description
Indowind Energy Limited generates and distributes power in India. The company owns, develops, operates, and maintains wind farms and wind power generation assets. It also provides project and asset management, as well as value addition services; a...
How the Company Makes Money
Indowind Energy Limited makes money primarily by generating electricity from its wind power assets and selling that electricity to power purchasers (typically state utilities/distribution companies or other contracted offtakers) under power purcha...
Indowind Energy Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 370.93M | 403.31M | 335.13M | 397.06M | 339.56M | 245.56M |
| Gross Profit | 203.72M | 241.31M | 170.74M | 231.99M | 203.90M | 122.06M |
| EBITDA | 140.29M | 145.10M | 128.42M | 168.59M | 80.25M | 89.63M |
| Net Income | -3.00M | 4.00K | 12.63M | 72.64M | -192.59M | 1.27M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.48B | 3.05B | 3.12B | 3.13B | 2.88B |
| Cash, Cash Equivalents and Short-Term Investments | 215.71M | 215.71M | 46.63M | 4.78M | 217.62M | 15.93M |
| Total Debt | 0.00 | 95.34M | 69.66M | 551.89M | 600.52M | 560.57M |
| Total Liabilities | -3.08B | 395.97M | 257.86M | 745.01M | 824.77M | 570.78M |
| Stockholders Equity | 3.08B | 3.07B | 2.79B | 2.37B | 2.30B | 2.30B |
Cash Flow | ||||||
| Free Cash Flow | -32.32M | -215.57M | -305.81M | -93.29M | 1.29M | 14.13M |
| Operating Cash Flow | -32.32M | 3.30M | -105.04M | -80.53M | 3.25M | 14.13M |
| Investing Cash Flow | -19.33M | -342.21M | -231.05M | 439.63M | 47.78M | 26.27M |
| Financing Cash Flow | 52.48M | 414.13M | 348.48M | -571.94M | 150.66M | -64.57M |
Indowind Energy Limited Technical Analysis
Negative
15.92
Price Trends
9.22
Negative
9.57
Negative
11.01
Negative
Market Momentum
-0.03
Negative
47.56
Neutral
23.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOWIND, the sentiment is Negative. The current price of 15.92 is above the 20-day moving average (MA) of 9.03, above the 50-day MA of 9.22, and above the 200-day MA of 11.01, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 47.56 is Neutral, neither overbought nor oversold. The STOCH value of 23.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDOWIND.
Indowind Energy Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹623.77B | 19.89 | ― | ― | 45.24% | 49.53% | |
59 Neutral | ₹70.20B | 55.76 | ― | ― | 16.08% | 202.61% | |
56 Neutral | ₹162.03B | 33.21 | ― | ― | 17.10% | -40.71% | |
55 Neutral | ₹60.69B | 13.24 | ― | 0.28% | 40.01% | 27.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹444.86M | 48.64 | ― | 3.18% | 5.75% | -28.47% | |
47 Neutral | ₹1.46B | 180.40 | ― | ― | -1.42% | -61.23% |
* General Sector Average
IN:INDOWIND
Indowind Energy Limited
9.04
-8.02
-47.01%
IN:INOXGREEN
Inox Green Energy Services Ltd.
174.85
15.69
9.86%
IN:INOXWIND
Inox Wind Ltd.
74.69
-72.81
-49.36%
IN:KARMAENG
Karma Energy Limited
38.45
-14.13
-26.87%
IN:KPIGREEN
KPI Green Energy Limited
307.00
-177.26
-36.60%
IN:SUZLON
Suzlon Energy Ltd
45.38
-12.06
-21.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.