NSEI:INDOWIND

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: INDOWIND's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.8%

INDOWIND

-4.4%

IN Renewable Energy

-4.3%

IN Market


1 Year Return

-6.7%

INDOWIND

22.4%

IN Renewable Energy

-1.6%

IN Market

Return vs Industry: INDOWIND underperformed the Indian Renewable Energy industry which returned 18.5% over the past year.

Return vs Market: INDOWIND underperformed the Indian Market which returned -4.4% over the past year.


Shareholder returns

INDOWINDIndustryMarket
7 Day-1.8%-4.4%-4.3%
30 Day-17.6%4.5%-4.2%
90 Day-21.1%13.1%6.6%
1 Year-6.7%-6.7%26.9%22.4%0.2%-1.6%
3 Year-52.9%-52.9%-30.7%-37.8%1.9%-3.0%
5 Year-32.5%-32.5%-6.1%-19.4%38.6%28.4%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INDOWIND (₹2.8) is trading below our estimate of fair value (₹5.77)

Significantly Below Fair Value: INDOWIND is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: INDOWIND is unprofitable, so we can't compare its PE Ratio to the IN Renewable Energy industry average.

PE vs Market: INDOWIND is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate INDOWIND's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INDOWIND is good value based on its PB Ratio (0.1x) compared to the IN Renewable Energy industry average (0.5x).


Next Steps

Future Growth

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

24.4%

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?

-36.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INDOWIND is currently unprofitable.

Growing Profit Margin: INDOWIND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INDOWIND is unprofitable, and losses have increased over the past 5 years at a rate of 36.2% per year.

Accelerating Growth: Unable to compare INDOWIND's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INDOWIND is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-9.7%).


Return on Equity

High ROE: INDOWIND has a negative Return on Equity (0.1%), as it is currently unprofitable.


Next Steps

Financial Health

How is Indowind Energy's financial position?


Financial Position Analysis

Short Term Liabilities: INDOWIND's short term assets (₹105.8M) exceed its short term liabilities (₹51.7M).

Long Term Liabilities: INDOWIND's short term assets (₹105.8M) do not cover its long term liabilities (₹881.7M).


Debt to Equity History and Analysis

Debt Level: INDOWIND's debt to equity ratio (45.3%) is considered high.

Reducing Debt: INDOWIND's debt to equity ratio has increased from 44.8% to 45.3% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable INDOWIND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: INDOWIND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.9% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate INDOWIND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate INDOWIND's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if INDOWIND's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INDOWIND's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INDOWIND's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average board tenure


CEO

K. Ravindranath (59 yo)

no data

Tenure

₹1,456,000

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

Compensation vs Market: K.'s total compensation ($USD19.77K) is below average for companies of similar size in the Indian market ($USD48.72K).

Compensation vs Earnings: K.'s compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
K. Ravindranath
Whole Time Directorno data₹1.46m1.99%
₹ 5.1m
Bala Kutti
Chairmanno data₹80.00k6.06%
₹ 15.5m
Niranjan Jagtap
Independent Director14.75yrs₹100.00kno data
Alice Chhikara
Additional Non-Independent Director5.17yrs₹20.00kno data
K. Shyamsundar
Independent Director4.83yrs₹100.00kno data
Rajashree Santhanam
Additional Non-Executive & Independent Director0.083yrno datano data

5.2yrs

Average Tenure

59yo

Average Age

Experienced Board: INDOWIND's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹255.763m
  • 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 engages in developing, setting up, operating, and maintaining wind farms primarily in Tamil Nadu and Karnataka. The co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/25 20:55
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.