Employees: 570
Size Inox Green Energy Services (INOXGREEN.NS) is an India Utilities company (Alternative Power Generation) with a market value of $537M, the 816th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹120.86 on 6 Nov 2026.
Performance Over six months the shares fell 37.3%, against -34.0% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 16.1% over the last twelve months (peer median +15.4%); the operating margin is 2.1% (peer median 20.6%).
Valuation It trades at 18.1× enterprise value to sales against a peer median of 5.4× (2nd most expensive of 21).
Capital Return on invested capital runs 19.7 points below its cost of capital (20.0% WACC).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹2.80B | ₹2.81B | ₹2.20B | ₹2.24B | ₹2.50B |
| Revenue growth | — | +28% | -2% | -10% | — |
| Gross profit | ₹400M | ₹592M | ₹728M | ₹410M | ₹190M |
| EBITDA | ₹276M | ₹286M | ₹509M | ₹840M | ₹577M |
| Net income | ₹1.21B | ₹1.02B | ₹198M | ₹279M | -₹610M |
| Free cash flow | n/a | ₹825M | ₹415M | -₹15.4M | -₹1.62B |
| Capital expenditure | n/a | ₹17.9M | ₹42.1M | ₹5.43M | ₹703M |
| Total debt | n/a | ₹1.02B | ₹1.81B | ₹1.74B | ₹5.95B |
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| Measure | INOXGREEN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.1% | -9.5% | 10th lowest of 21 |
| 6-month return | -37.3% | -34.0% | 8th lowest of 20 |
| Distance from 52-week high | -56.7% | -43.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +16.1% | +15.4% | 11th highest of 21 |
| Operating margin | 2.1% | 20.6% | 2nd lowest of 21 |
| EV / Sales | 18.1× | 5.4× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -19.7 pp | -1.8 pp | lowest of 21 |
| Net debt / EBITDA | -14.6× | 8.9× | least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Inox Green Energy Services INOXGREEN.NS | India | $537M | -37% | +16% | 2% | 18.1× | n/a | n/a |
| West 1407.T | Japan | $490M | -34% | +20% | 23% | 2.5× | -4.9% | -3.6% |
| Zhejiang Sunoren Solar Technology 603105.SS | China | $608M | -17% | +8% | 23% | 7.6× | 3.7% | +11.6% |
| KPI Green Energy KPIGREEN.NS | India | $615M | -40% | +40% | 30% | 2.1× | n/a | n/a |
| Guangdong Chant 002616.SZ | China | $617M | -21% | -3% | 7% | 2.1× | -4.3% | +3.8% |
| Century Wind Power 2072.TW | Taiwan | $618M | -41% | +62% | 22% | 1.3× | -17.2% | +41.9% |
| Pne PNE3.DE | Germany | $442M | -47% | +13% | 14% | 4.6× | n/a | n/a |
| Shanghai Nenghui Technology 301046.SZ | China | $680M | +8% | -49% | -13% | 6.9× | n/a | n/a |
| RENOVA 9519.T | Japan | $397M | -38% | +14% | 5% | 4.4× | 23.9% | +33.6% |
| EnergieKontor EKT.DE | Germany | $383M | -45% | +54% | 19% | 5.0× | n/a | n/a |
| Waaree Renewable Technologies WAAREERTL.NS | India | $810M | -30% | +78% | 17% | 2.4× | 24.1% | +203.3% |
| Xinyi Energy 3868.HK | Hong Kong | $863M | -38% | +2% | 54% | 5.8× | -2.6% | +9.1% |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 3.1× | n/a | n/a |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 2.6× | n/a | n/a |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 7.8× | n/a | n/a |
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 11.8× | n/a | n/a |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | 10.3× | n/a | n/a |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 37.9× | n/a | n/a |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 16.0× | n/a | n/a |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 12.0× | 6.8% | +20.6% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 10.3× | 0.2% | +19.7% |