Annuncio • Aug 14
Indowind Energy Limited, Annual General Meeting, Sep 25, 2026 Indowind Energy Limited, Annual General Meeting, Sep 25, 2026. Reported Earnings • Aug 14
First quarter 2027 earnings released: EPS: ₹0.13 (vs ₹0.20 in 1Q 2026) First quarter 2027 results: EPS: ₹0.13 (down from ₹0.20 in 1Q 2026). Revenue: ₹84.4m (down 27% from 1Q 2026). Net income: ₹19.9m (down 13% from 1Q 2026). Profit margin: 24% (up from 20% in 1Q 2026). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annuncio • Aug 05
Indowind Energy Limited to Report Q1, 2027 Results on Aug 13, 2026 Indowind Energy Limited announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹0 (vs ₹0.079 in FY 2025) Full year 2026 results: EPS: ₹0 (down from ₹0.079 in FY 2025). Revenue: ₹407.5m (up 16% from FY 2025). Net income: ₹4.0k (down 100% from FY 2025). Profit margin: 0% (down from 2.7% in FY 2025). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • May 19
Indowind Energy Limited to Report Q4, 2026 Results on May 26, 2026 Indowind Energy Limited announced that they will report Q4, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹10.19, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 29x in the Renewable Energy industry in India. Total loss to shareholders of 6.1% over the past three years. New Risk • Mar 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹909.3m (US$9.61m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹909.3m market cap, or US$9.61m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Revenue is less than US$5m (₹415m revenue, or US$4.4m). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹7.07, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 26x in the Renewable Energy industry in India. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹10.26, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 24x in the Renewable Energy industry in India. Total loss to shareholders of 13% over the past three years. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.002 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.03 (up from ₹0.002 in 3Q 2025). Revenue: ₹61.9m (down 22% from 3Q 2025). Net income: ₹4.21m (up ₹3.99m from 3Q 2025). Profit margin: 6.8% (up from 0.3% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Jan 23
Indowind Energy Limited to Report Q3, 2026 Results on Jan 29, 2026 Indowind Energy Limited announced that they will report Q3, 2026 results on Jan 29, 2026 New Risk • Jan 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (4.8% net profit margin). Revenue is less than US$5m (₹411m revenue, or US$4.6m). Market cap is less than US$100m (₹2.17b market cap, or US$24.0m). Annuncio • Dec 24
Indowind Energy Limited (NSEI:INDOWIND) entered into an in- principle agreement to acquire 5.1 MW Operational Wind Power Project for INR 250 million. Indowind Energy Limited (NSEI:INDOWIND) entered into an in- principle agreement to acquire 5.1 MW Operational Wind Power Project for INR 250 million on December 23, 2025. The proposed acquisition is expected to be undertaken at an approximate consideration in the range of INR 200-250 million.
The project is currently operational and is expected to add stable generating capacity to Indowind Energy's renewable energy portfolio, subject to statutory/regulatory compliances/approvals wherever necessary, either as asset or share purchase transaction. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (4.8% net profit margin). Revenue is less than US$5m (₹411m revenue, or US$4.6m). Market cap is less than US$100m (₹2.18b market cap, or US$24.3m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹0.37 (vs ₹0.34 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.37 (up from ₹0.34 in 2Q 2025). Revenue: ₹177.4m (up 33% from 2Q 2025). Net income: ₹47.4m (up 7.7% from 2Q 2025). Profit margin: 27% (down from 33% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 11
Indowind Energy Limited to Report Q2, 2026 Results on Nov 14, 2025 Indowind Energy Limited announced that they will report Q2, 2026 results at 4:00 PM, Indian Standard Time on Nov 14, 2025 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Non Executive & Independent Director Sangeeta Lakhi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Aug 13
Indowind Energy Limited, Annual General Meeting, Sep 26, 2025 Indowind Energy Limited, Annual General Meeting, Sep 26, 2025. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.20 (vs ₹0.16 in 1Q 2025) First quarter 2026 results: EPS: ₹0.20 (up from ₹0.16 in 1Q 2025). Revenue: ₹115.5m (up 112% from 1Q 2025). Net income: ₹22.9m (up 43% from 1Q 2025). Profit margin: 20% (down from 30% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 07
Indowind Energy Limited to Report Q1, 2026 Results on Aug 12, 2025 Indowind Energy Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Annuncio • Jul 15
Indowind Energy Limited has filed a Follow-on Equity Offering in the amount of INR 495 million. Indowind Energy Limited has filed a Follow-on Equity Offering in the amount of INR 495 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Rights Offering Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0.11 (vs ₹0.68 in FY 2024) Full year 2025 results: EPS: ₹0.11 (down from ₹0.68 in FY 2024). Revenue: ₹358.1m (down 12% from FY 2024). Net income: ₹12.6m (down 83% from FY 2024). Profit margin: 3.5% (down from 18% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • May 23
Indowind Energy Limited to Report Fiscal Year 2025 Results on May 29, 2025 Indowind Energy Limited announced that they will report fiscal year 2025 results on May 29, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹20.41, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 26x in the Renewable Energy industry in India. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹21.78, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 29x in the Renewable Energy industry in India. Total returns to shareholders of 43% over the past three years. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹0.002 (vs ₹0.007 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.002 (down from ₹0.007 in 3Q 2024). Revenue: ₹79.4m (down 18% from 3Q 2024). Net income: ₹224.0k (down 71% from 3Q 2024). Profit margin: 0.3% (down from 0.8% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹19.46, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 28x in the Renewable Energy industry in India. Total returns to shareholders of 20% over the past three years. Annuncio • Feb 06
Indowind Energy Limited to Report Q3, 2025 Results on Feb 12, 2025 Indowind Energy Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Jan 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (₹342m revenue, or US$4.0m). Market cap is less than US$100m (₹3.15b market cap, or US$36.7m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹24.81, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 34x in the Renewable Energy industry in India. Total returns to shareholders of 17% over the past three years. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹0.34 (vs ₹0.47 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.34 (down from ₹0.47 in 2Q 2024). Revenue: ₹134.5m (down 25% from 2Q 2024). Net income: ₹44.1m (down 12% from 2Q 2024). Profit margin: 33% (up from 28% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annuncio • Nov 09
Indowind Energy Limited to Report Q2, 2025 Results on Nov 13, 2024 Indowind Energy Limited announced that they will report Q2, 2025 results on Nov 13, 2024 New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (₹375m revenue, or US$4.5m). Market cap is less than US$100m (₹3.36b market cap, or US$40.1m). Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.16 (vs ₹0.16 in 1Q 2024) First quarter 2025 results: EPS: ₹0.16 (in line with 1Q 2024). Revenue: ₹54.7m (down 29% from 1Q 2024). Net income: ₹16.1m (up 6.4% from 1Q 2024). Profit margin: 29% (up from 20% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Annuncio • Aug 14
Indowind Energy Limited, Annual General Meeting, Sep 27, 2024 Indowind Energy Limited, Annual General Meeting, Sep 27, 2024. Annuncio • Aug 09
Indowind Energy Limited to Report Q1, 2025 Results on Aug 14, 2024 Indowind Energy Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Annuncio • Aug 06
Indowind Energy Limited has completed a Follow-on Equity Offering in the amount of INR 483.00651 million. Indowind Energy Limited has completed a Follow-on Equity Offering in the amount of INR 483.00651 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 21,466,956
Price\Range: INR 22.5
Transaction Features: Regulation S; Rights Offering Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹32.97, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 52x in the Renewable Energy industry in India. Total returns to shareholders of 332% over the past three years. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (₹397m revenue, or US$4.8m). Market cap is less than US$100m (₹2.69b market cap, or US$32.2m). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹24.29, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 43x in the Renewable Energy industry in India. Total returns to shareholders of 271% over the past three years. Annuncio • Jun 01
Indowind Energy Limited Announces Executive Changes Indowind Energy Limited at its board meeting held on May 27, 2024 announced that the Company Secretary and Compliance officer of the Company Rachana Hingar has submitted her resignation on May 27, 2024, the Board took note of the same and informed that she will serve notice from May 27, 2024 till July 2, 2024 and appointed Mr. B. Sharath, Qualified Company Secretary as Company Secretary and Compliance officer with effect from July 3, 2024. Mr.B.Sharath is Qualified Company Secretary and is an Associate Member of the Institute of Company Secretaries of India, who is in Secretarial department as Secretarial executive for past 8 months. He is now appointed as Company Secretary and Compliance Officer of the Company. Annuncio • May 22
Indowind Energy Limited to Report Q4, 2024 Results on May 27, 2024 Indowind Energy Limited announced that they will report Q4, 2024 results on May 27, 2024 Annuncio • Feb 08
Indowind Energy Limited to Report Q3, 2024 Results on Feb 07, 2024 Indowind Energy Limited announced that they will report Q3, 2024 results on Feb 07, 2024 New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings have declined by 3.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (₹395m revenue, or US$4.8m). Market cap is less than US$100m (₹3.23b market cap, or US$38.9m). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹0.01 (vs ₹0.016 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.01 (down from ₹0.016 in 3Q 2023). Revenue: ₹100.4m (up 33% from 3Q 2023). Net income: ₹771.0k (down 46% from 3Q 2023). Profit margin: 0.8% (down from 1.9% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 205 percentage points per year, which is a significant difference in performance. Annuncio • Jan 10
Indowind Energy Limited announced that it expects to receive INR 98.4375 million in funding from Capri Global Holdings Private Limited and other investors Indowind Energy Limited announced a private placement of 22,500,000 convertible warrants at a price of INR 4.375 for the gross proceeds of INR 98,437,500 on January 8, 2024. The warrants will be convertible into common shares at an exercise price of INR 13.125 per shares. The transaction will include participation from new investors, Capri Global Holdings Private Limited Capri Global Holdings Pvt. Ltd. for 3,000,000 shares, SWYOM India Alpha Fund for 580,000 shares, Chirag Gupta for 150,000 shares, Sawan Gupta for 100,000 shares, Rachna Shah for 100,000 shares and other investors. The transaction has been approved by the shareholders of the company. The warrants will be issued on preferential basis. The transaction is subject to the approval of regulatory/ statutory authorities and the shareholders of the company. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹0.47 (vs ₹0.44 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.47 (up from ₹0.44 in 2Q 2023). Revenue: ₹179.6m (up 22% from 2Q 2023). Net income: ₹50.3m (up 30% from 2Q 2023). Profit margin: 28% (up from 26% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 184 percentage points per year, which is a significant difference in performance. Annuncio • Aug 10
Indowind Energy Limited, Annual General Meeting, Sep 25, 2023 Indowind Energy Limited, Annual General Meeting, Sep 25, 2023. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: ₹0.16 (vs ₹0.18 in 1Q 2023) First quarter 2024 results: EPS: ₹0.16 (down from ₹0.18 in 1Q 2023). Revenue: ₹76.7m (down 2.1% from 1Q 2023). Net income: ₹15.1m (down 6.5% from 1Q 2023). Profit margin: 20% (in line with 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 155 percentage points per year, which is a significant difference in performance. Annuncio • Jul 29
Indowind Energy Limited to Report Q2, 2023 Results on Aug 09, 2023 Indowind Energy Limited announced that they will report Q2, 2023 results on Aug 09, 2023 New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (₹349m revenue, or US$4.2m). Market cap is less than US$100m (₹1.59b market cap, or US$19.4m). New Risk • Jul 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (₹374m revenue, or US$4.5m). Market cap is less than US$100m (₹1.11b market cap, or US$13.4m). Annuncio • May 23
Indowind Energy Limited to Report Q4, 2023 Results on May 30, 2023 Indowind Energy Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹9.05, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 11x in the Renewable Energy industry in India. Total returns to shareholders of 463% over the past three years. Reported Earnings • Jan 06
Third quarter 2023 earnings released: EPS: ₹0.01 (vs ₹0.024 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.01 (up from ₹0.024 loss in 3Q 2022). Revenue: ₹75.7m (up 80% from 3Q 2022). Net income: ₹1.43m (up ₹3.59m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 31
Indowind Energy Limited to Report Q3, 2023 Results on Jan 06, 2023 Indowind Energy Limited announced that they will report Q3, 2023 results on Jan 06, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 24% share price gain to ₹16.82, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 14x in the Renewable Energy industry in India. Total returns to shareholders of 444% over the past three years. Reported Earnings • Oct 21
Second quarter 2023 earnings released: EPS: ₹0.44 (vs ₹0.06 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.44 (up from ₹0.06 in 2Q 2022). Revenue: ₹147.0m (up 66% from 2Q 2022). Net income: ₹38.6m (up ₹33.5m from 2Q 2022). Profit margin: 26% (up from 5.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 76% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹0.18 (vs ₹0.12 in 1Q 2022) First quarter 2023 results: EPS: ₹0.18 (up from ₹0.12 in 1Q 2022). Revenue: ₹78.3m (up 26% from 1Q 2022). Net income: ₹16.2m (up 86% from 1Q 2022). Profit margin: 21% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kandallu Shyamsundar was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 19
Full year 2022 earnings released: EPS: ₹0.19 (vs ₹0.024 in FY 2021) Full year 2022 results: EPS: ₹0.19. Revenue: ₹270.0m (up 45% from FY 2021). Net income: ₹1.26m (down 43% from FY 2021). Profit margin: 0.5% (down from 1.2% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.024 loss per share (down from ₹0.06 profit in 3Q 2021). Revenue: ₹42.2m (down 19% from 3Q 2021). Net loss: ₹2.16m (down 136% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹21.85, the stock trades at a trailing P/E ratio of 76.2x. Average trailing P/E is 30x in the Renewable Energy industry in India. Total returns to shareholders of 348% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹22.80, the stock trades at a trailing P/E ratio of 79.6x. Average trailing P/E is 38x in the Renewable Energy industry in India. Total returns to shareholders of 384% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 25% share price gain to ₹22.90, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 22x in the Renewable Energy industry in India. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 21% share price gain to ₹16.77, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 21x in the Renewable Energy industry in India. Total returns to shareholders of 157% over the past three years. Reported Earnings • Nov 21
Second quarter 2022 earnings released: EPS ₹0.06 (vs ₹0.17 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: ₹89.1m (down 2.4% from 2Q 2021). Net income: ₹5.15m (up ₹17.0m from 2Q 2021). Profit margin: 5.8% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹7.47, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 16x in the Renewable Energy industry in India. Total returns to shareholders of 82% over the past three years. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS ₹0.12 (vs ₹0.02 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹62.7m (up 79% from 1Q 2021). Net income: ₹8.68m (up 313% from 1Q 2021). Profit margin: 14% (up from 6.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 11
Full year 2021 earnings released: EPS ₹0.02 (vs ₹0.006 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹206.7m (flat on FY 2020). Net income: ₹2.17m (up 287% from FY 2020). Profit margin: 1.0% (up from 0.3% in FY 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 26% share price gain to ₹8.71, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 16x in the Renewable Energy industry in India. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹4.95, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 10x in the Renewable Energy industry in India. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹4.06, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 9x in the Renewable Energy industry in India. Total loss to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹4.20, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 14.9x. This compares to an average P/E of 9x in the Renewable Energy industry in India. Total return to shareholders over the past three years is a loss of 47%. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹0.06 (vs ₹0.50 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹52.3m (up 103% from 3Q 2020). Net income: ₹6.10m (up ₹49.2m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day high: ₹4.83 The company is up 68% from its price of ₹2.88 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: ₹3.40 The company is up 10.0% from its price of ₹3.08 on 01 September 2020. The Indian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 40% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: ₹2.70 The company is down 20% from its price of ₹3.37 on 21 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 27% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: ₹2.82 The company is down 12% from its price of ₹3.21 on 19 June 2020. The Indian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 18% over the same period.