NSEI:INDOWIND

Stock Analysis Report

Executive Summary

Indowind Energy Limited operates as an IPP in the renewable energy sector in India.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.

Risks

  • Indowind Energy has significant price volatility in the past 3 months.
  • Indowind Energy is not covered by any analysts.

Share Price & News

How has Indowind Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.6%

INDOWIND

-0.9%

IN Renewable Energy

-4.2%

IN Market


1 Year Return

-34.0%

INDOWIND

-8.9%

IN Renewable Energy

-12.2%

IN Market

INDOWIND underperformed the Renewable Energy industry which returned -8% over the past year.

INDOWIND underperformed the Market in India which returned -10.7% over the past year.


Share holder returns

INDOWINDIndustryMarket
7 Day-1.6%-0.9%-4.2%
30 Day0%2.8%-1.4%
90 Day-23.5%-4.5%-8.4%
1 Year-34.0%-34.0%-5.2%-8.9%-10.5%-12.2%
3 Year-27.1%-27.1%-0.5%-9.6%13.8%8.2%
5 Year-28.7%-28.7%5.9%-6.7%34.6%22.0%

Price Volatility Vs. Market

How volatile is Indowind Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Indowind Energy undervalued based on future cash flows and its price relative to the stock market?

44%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Indowind Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).

Indowind Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Indowind Energy is loss making, we can't compare its value to the IN Renewable Energy industry average.

Indowind Energy is loss making, we can't compare the value of its earnings to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Indowind Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

Indowind Energy is good value based on assets compared to the IN Renewable Energy industry average.


Next Steps

Future Growth

How is Indowind Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.2%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Indowind Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Indowind Energy performed over the past 5 years?

-62.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Indowind Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Indowind Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Indowind Energy's 1-year growth to the IN Renewable Energy industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Indowind Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Indowind Energy has efficiently used its assets last year compared to the IN Renewable Energy industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Indowind Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Indowind Energy's financial position?


Financial Position Analysis

Indowind Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Indowind Energy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Indowind Energy's level of debt (50.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (46.1% vs 50.6% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Indowind Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Indowind Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -44.6% per year.


Next Steps

Dividend

What is Indowind Energy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Indowind Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Indowind Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Indowind Energy has not reported any payouts.

Unable to verify if Indowind Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Indowind Energy has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Indowind Energy's salary, the management and board of directors tenure and is there insider trading?

9.0yrs

Average board tenure


CEO

K. Ravindranath (58yo)

0yrs

Tenure

₹2,400,000

Compensation

Mr. K. S. Ravindranath has been Whole Time Director of Indowind Energy Limited since February 25, 2005. Mr. Ravindranath is In-charge of the overall management/technical operations of Indowind Energy Ltd.  ...


CEO Compensation Analysis

K.'s remuneration is about average for companies of similar size in India.

K.'s compensation has increased whilst company is loss making.


Board Age and Tenure

9.0yrs

Average Tenure

58yo

Average Age

The tenure for the Indowind Energy board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹540,83213 Dec 18
Soura Capital Private Limited
EntityCompany
Shares80,000
Max Price₹7.02
Buy₹975,61010 Dec 18
Soura Capital Private Limited
EntityCompany
Shares150,000
Max Price₹6.58
Buy₹808,29805 Dec 18
Soura Capital Private Limited
EntityCompany
Shares128,568
Max Price₹6.46
Buy₹1,018,77128 Nov 18
Soura Capital Private Limited
EntityCompany
Shares160,000
Max Price₹6.50
Buy₹968,04322 Nov 18
Soura Capital Private Limited
EntityCompany
Shares150,000
Max Price₹6.55
Buy₹1,125,97716 Nov 18
Soura Capital Private Limited
EntityCompany
Shares175,054
Max Price₹6.66
Buy₹957,68214 Nov 18
Soura Capital Private Limited
EntityCompany
Shares165,352
Max Price₹5.89

Ownership Breakdown


Management Team

  • A. Sukumar (55yo)

    President of Commercial

    • Tenure: 0yrs
  • K. Ravindranath (58yo)

    Whole Time Director

    • Tenure: 0yrs
    • Compensation: ₹2.40m
  • K. Dinakar (55yo)

    President of Finance

    • Tenure: 0yrs
    • Compensation: ₹1.81m
  • J Harsha

    Company Secretary & Compliance Officer

    • Tenure: 1.4yrs
    • Compensation: ₹477.00k
  • N. Haribabu

    Chief Financial Officer

    • Tenure: 0.3yrs

Board Members

  • Bala Kutti (54yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹80.00k
  • Niranjan Jagtap (72yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: ₹140.00k
  • K. Ravindranath (58yo)

    Whole Time Director

    • Tenure: 0yrs
    • Compensation: ₹2.40m
  • Alice Chhikara

    Additional Non-Independent Director

    • Tenure: 4.2yrs
    • Compensation: ₹80.00k
  • K. Shyamsundar

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: ₹140.00k

Company Information

Indowind Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Indowind Energy Limited
  • Ticker: INDOWIND
  • Exchange: NSEI
  • Founded: 1995
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: ₹273.712m
  • Shares outstanding: 89.74m
  • Website: https://www.indowind.com

Number of Employees


Location

  • Indowind Energy Limited
  • Kothari Buildings
  • 4th Floor
  • Chennai
  • Tamil Nadu
  • 600034
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532894BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2007
INDOWINDNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2007

Biography

Indowind Energy Limited operates as an IPP in the renewable energy sector in India. It is involved in the developing, setting up, operating, and maintaining wind farms primarily in Tamil Nadu and Karnataka ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 12:44
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.