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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Indowind Energy Ltd

About the Company - Indowind Energy Ltd

Indowind Energy Ltd. is a Public Limited Listed company incorporated on 19/07/1995 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L40108TN1995PLC032311 and registration number is 032311. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 17.66 Cr. and Equity Capital is Rs. 89.74 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionKothari Buildings, Chennai (Madras) Tamil Nadu 600034contact@indowind.com
http://www.indowind.com
Management
NamePosition Held
Dr. K S RavindranathWhole Time Director
Mr. N K HaribabuWholeTime Director & CFO
Mr. Niranjan R JagtapIndependent Director
Dr. K R ShyamsundarIndependent Director
Mr. R SridharNon Exe.Non Ind.Director
Ms. Sangeeta Harilal LakhiIndependent Director

Basic Stock Data of Indowind Energy Ltd

Last Updated: July 26, 2024, 10:33 pm

Market Cap 372 Cr.
Current Price 28.8
High / Low32.7/11.6
Stock P/E45.4
Book Value 18.4
Dividend Yield0.00 %
ROCE3.73 %
ROE3.50 %
Face Value 10.0
PEG Ratio-2.52

Data Source: screener.in

Indowind Energy Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5.230.746.238.874.225.247.7414.607.104.517.6314.609.73
Expenses4.400.362.783.483.907.883.246.246.224.271.826.249.00
Operating Profit0.830.383.455.390.32-2.644.508.360.880.245.818.360.73
OPM %15.87%51.35%55.38%60.77%7.58%-50.38%58.14%57.26%12.39%5.32%76.15%57.26%7.50%
Other Income0.101.840.040.040.012.350.100.100.47-6.62-1.010.100.30
Interest-1.110.520.480.520.350.540.420.430.920.431.310.430.66
Depreciation1.471.051.974.340.410.202.484.110.370.032.064.110.30
Profit before tax0.570.651.040.57-0.43-1.031.703.920.06-6.841.433.920.07
Tax %0.00%6.15%0.00%0.00%0.00%-1.94%0.00%1.28%0.00%-264.62%-22.38%1.28%200.00%
Net Profit0.580.611.040.56-0.43-1.051.703.860.06-24.931.753.86-0.07
EPS in Rs0.050.050.070.04-0.02-0.080.130.310.01-2.320.140.360.01

Last Updated: July 18, 2024, 8:31 am

Indowind Energy Ltd Quarterly Chart

Indowind Energy Ltd Profit & Loss

Last Updated: July 10, 2024, 6:19 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales30232320172626222118253437
Expenses161111119111516128182020
Operating Profit141313971511681071417
OPM %46%55%54%45%44%56%41%28%40%53%27%41%46%
Other Income322572-171622-6-7
Interest5456778752225
Depreciation8810881410999777
Profit before tax43010-3-24-10000-1-1
Tax %-12%1%62%55%-284%43%11%-28%14%15%13%-1,560%
Net Profit43001-2-21-12000-19-18
EPS in Rs0.330.260.010.020.06-0.16-1.67-0.980.000.020.01-1.79-1.70
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Indowind Energy Ltd Profit & Loss Yearly Chart

Indowind Energy Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:13%
3 Years:30%
TTM:17%
Compounded Profit Growth
10 Years:54%
5 Years:22%
3 Years:234%
TTM:44%
Stock Price CAGR
10 Years:20%
5 Years:56%
3 Years:66%
1 Year:141%
Return on Equity
10 Years:0%
5 Years:1%
3 Years:2%
Last Year:4%

Last Updated: July 25, 2024, 7:16 am

Indowind Energy Ltd Balance Sheet

Last Updated: July 10, 2024, 6:19 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9090909090909090909090107107
Reserves125116818183144123111111140141123129
Borrowings205837977741001001019161566031
Other Liabilities9977270706213222324
Total Liabilities428385322318317339314302295292288313292
Fixed Assets158152162156200229199189181246166159230
CWIP00474664486169751111
Investments444681010101010109
Other Assets26622911011045534334293512015352
Total Assets428385322318317339314302295292288313292

Indowind Energy Ltd Reserves and Borrowings Chart

Indowind Energy Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 11.4819.501.881.827.967.475.339.776.041.410.32-8.05
Cash from Investing Activity -4.28-12.216.3310.46-6.689.801.810.970.922.634.7844.46
Cash from Financing Activity -5.92-8.00-8.58-8.58-0.63-18.23-7.35-9.29-4.85-6.4615.07-56.49
Net Cash Flow1.27-0.71-0.363.710.64-0.96-0.211.442.11-2.4220.17-20.08

Indowind Energy Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1134327991018984968310412088
Inventory Days
Days Payable
Cash Conversion Cycle1134327991018984968310412088
Working Capital Days-1,358100-673-1940-322917203212287
ROCE %2%2%2%3%3%1%2%-1%-0%1%1%3%

Indowind Energy Ltd Financial Efficiency Indicators Chart

Indowind Energy Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters47.93%47.93%45.87%45.87%45.87%45.87%44.76%44.76%47.03%47.03%50.76%50.76%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%
DIIs0.00%0.00%4.46%4.46%4.46%4.46%4.46%4.46%3.73%3.73%0.00%0.00%
Public52.07%52.07%49.68%49.68%49.68%49.68%50.78%50.78%49.24%49.24%49.21%49.24%
No. of Shareholders30,75334,32637,49654,43465,31168,73870,03665,39665,98365,98368,05971,635

Indowind Energy Ltd Shareholding Pattern Chart

No. of Indowind Energy Ltd Shareholders

This stock is not held by any mutual fund

Indowind Energy Ltd ROCE Trend

Indowind Energy Ltd EPS Trend

Indowind Energy Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.68-2.140.190.020.01
Diluted EPS (Rs.)0.68-2.140.190.020.01
Cash EPS (Rs.)1.34-1.140.781.061.04
Book Value[Excl.RevalReserv]/Share (Rs.)22.1621.3525.7425.5522.33
Book Value[Incl.RevalReserv]/Share (Rs.)22.1621.5025.7425.5522.33
Revenue From Operations / Share (Rs.)3.703.162.742.072.30
PBDIT / Share (Rs.)1.681.390.991.301.00
PBIT / Share (Rs.)1.010.730.220.25-0.03
PBT / Share (Rs.)0.51-0.100.010.020.01
Net Profit / Share (Rs.)0.67-1.790.010.020.01
NP After MI And SOA / Share (Rs.)0.67-1.790.010.020.01
PBDIT Margin (%)45.3043.8436.4962.5143.66
PBIT Margin (%)27.4123.268.3112.42-1.39
PBT Margin (%)14.00-3.420.611.390.32
Net Profit Margin (%)18.30-56.710.511.170.27
NP After MI And SOA Margin (%)18.29-56.710.511.170.27
Return on Networth / Equity (%)3.06-8.420.050.090.02
Return on Capital Employeed (%)3.743.070.840.80-0.09
Return On Assets (%)2.32-6.140.040.070.01
Long Term Debt / Equity (X)0.150.030.050.250.43
Total Debt / Equity (X)0.230.260.240.250.43
Asset Turnover Ratio (%)0.120.110.060.050.06
Current Ratio (X)0.800.930.363.662.05
Quick Ratio (X)0.610.850.262.511.99
Interest Coverage Ratio (X)4.216.774.745.671.71
Interest Coverage Ratio (Post Tax) (X)2.95-4.631.071.11-0.05
Enterprise Value (Cr.)266.86138.46208.1086.1599.14
EV / Net Operating Revenue (X)6.724.088.474.634.80
EV / EBITDA (X)14.849.3023.227.4010.99
MarketCap / Net Operating Revenue (X)5.332.936.261.830.74
Price / BV (X)0.890.430.660.140.07
Price / Net Operating Revenue (X)5.332.936.261.830.74
EarningsYield0.03-0.190.000.010.00

Indowind Energy Ltd Profitability Ratios (%)

Indowind Energy Ltd Liquidity Ratios

Indowind Energy Ltd Liquidity Ratios (%)

Indowind Energy Ltd Interest Coverage Ratios (%)

Indowind Energy Ltd Valuation Ratios

Fair Value

Fair Value: 29.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 3.55% compared to the current price 28.8

Intrinsic Value: 24.45

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 15.11% compared to the current price 28.8

Last 5 Year EPS CAGR: -18.02%

*Investments are subject to market risks

Strength and Weakness of Indowind Energy Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.44 and average Dividend Yield of 14.00%.
  2. The company has higher reserves (115.17 cr) compared to borrowings (77.99 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 1.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 75.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 87.25, which may not be favorable.
  4. The company has not shown consistent growth in sales (24.77) and profit (-2.38).

FAQ

What is the latest fair value of Indowind Energy Ltd?

The latest fair value of Indowind Energy Ltd is ₹29.82.

What is the Market Cap of Indowind Energy Ltd?

The Market Cap of Indowind Energy Ltd is 372 Cr..

What is the current Stock Price of Indowind Energy Ltd as on 27 July 2024?

The current stock price of Indowind Energy Ltd as on 27 July 2024 is 28.8.

What is the High / Low of Indowind Energy Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indowind Energy Ltd stocks is 32.7/11.6.

What is the Stock P/E of Indowind Energy Ltd?

The Stock P/E of Indowind Energy Ltd is 45.4.

What is the Book Value of Indowind Energy Ltd?

The Book Value of Indowind Energy Ltd is 18.4.

What is the Dividend Yield of Indowind Energy Ltd?

The Dividend Yield of Indowind Energy Ltd is 0.00 %.

What is the ROCE of Indowind Energy Ltd?

The ROCE of Indowind Energy Ltd is 3.73 %.

What is the ROE of Indowind Energy Ltd?

The ROE of Indowind Energy Ltd is 3.50 %.

What is the Face Value of Indowind Energy Ltd?

The Face Value of Indowind Energy Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indowind Energy Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE