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← CockpitCompetitor Analysis › INOXGREEN.NS Inox Green Energy Services Ltd.Open in the cockpit ↗

Inox Green Energy Services Ltd.INOXGREEN.NSCompetitor analysis, valuation and peers

India · INR·Power & Utilities›Alternative Power Generation
Momentum laggard 2
Mkt cap
$537M
US dollars, full cap
Free float
37%
of shares outstanding
$/day
$8.84M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-19.7 pp
WACC 20.0%
Hurdle
n/a
no reverse DCF
Next earnings
26 days
2 Dec 2026
Close · INR₹120.86
1D+0.3%
1W+18.7%
1M-11.1%
3M-31.3%
6M-37.3%
YTD-42.5%
1Y-54.9%
ATR %6.5%
Beta1.71
52w lowhigh56.7% off high

What Inox Green Energy Services does

Employees: 570

Inox Green Energy Services at a glance

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).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 66INOXGREEN.NS 63
Six months, rebased to 100: Inox Green Energy Services against the median of its 20 peers (local-currency closes).

Inox Green Energy Services financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a₹825M₹415M-₹15.4M-₹1.62B
Capital expendituren/a₹17.9M₹42.1M₹5.43M₹703M
Total debtn/a₹1.02B₹1.81B₹1.74B₹5.95B

Quarterly statements and history in the cockpit →

Inox Green Energy Services competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%1407603105KPIGREEN0026162072PNE33010469519EKTWAAREERTL3868475150COXGARNXIFRSCATCCLEANMAX600821601619INOXGREEN.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Inox Green Energy Services is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%5×10×15×1407603105KPIGREEN0026162072PNE3301046EKTWAAREERTL3868475150COXGARNXIFRSCATCJNPRCLEANMAX600821601619INOXGREEN.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Inox Green Energy Services is the large dot.

Inox Green Energy Services competitors and peer comparison

How Inox Green Energy Services compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Inox Green Energy Services against its 20 peers (data as of 6 Nov 2026)
MeasureINOXGREEN.NSPeer medianRank 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 margin2.1%20.6%2nd lowest of 21
EV / Sales18.1×5.4×2nd most expensive of 21
ROIC minus cost of capital-19.7 pp-1.8 pplowest of 21
Net debt / EBITDA-14.6×8.9×least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Inox Green Energy Services INOXGREEN.NSIndia$537M-37%+16%2%18.1×n/an/a
West 1407.TJapan$490M-34%+20%23%2.5×-4.9%-3.6%
Zhejiang Sunoren Solar Technology 603105.SSChina$608M-17%+8%23%7.6×3.7%+11.6%
KPI Green Energy KPIGREEN.NSIndia$615M-40%+40%30%2.1×n/an/a
Guangdong Chant 002616.SZChina$617M-21%-3%7%2.1×-4.3%+3.8%
Century Wind Power 2072.TWTaiwan$618M-41%+62%22%1.3×-17.2%+41.9%
Pne PNE3.DEGermany$442M-47%+13%14%4.6×n/an/a
Shanghai Nenghui Technology 301046.SZChina$680M+8%-49%-13%6.9×n/an/a
RENOVA 9519.TJapan$397M-38%+14%5%4.4×23.9%+33.6%
EnergieKontor EKT.DEGermany$383M-45%+54%19%5.0×n/an/a
Waaree Renewable Technologies WAAREERTL.NSIndia$810M-30%+78%17%2.4×24.1%+203.3%
Xinyi Energy 3868.HKHong Kong$863M-38%+2%54%5.8×-2.6%+9.1%
SK Eternix 475150.KSSouth Korea$949M-35%+39%9%3.1×n/an/a
Cox Infrastructure COXG.MCSpain$1.05B-12%+72%9%2.6×n/an/a
Alerion Clean Power ARN.MIItaly$1.11B-35%+13%51%7.8×n/an/a
XPLR Infrastructure, LP XIFRUnited States$1.38B-38%-1%3%11.8×n/an/a
Scatec SCATC.OLNorway$1.50B-16%+16%29%10.3×n/an/a
Juniper Green Energy JNPR.NSIndia$1.54Bn/a+1,313%52%37.9×n/an/a
Clean Max Enviro Energy Solutions CLEANMAX.NSIndia$1.57B+8%+28%44%16.0×n/an/a
Nyocor 600821.SSChina$1.63B-29%-12%12%12.0×6.8%+20.6%
Jiaze Renewables 601619.SSChina$1.65B-34%-5%43%10.3×0.2%+19.7%

Questions

Which companies are Inox Green Energy Services's closest peers?
The cockpit's peer set: West (1407.T), Zhejiang Sunoren Solar Technology (603105.SS), KPI Green Energy (KPIGREEN.NS), Guangdong Chant (002616.SZ), Century Wind Power (2072.TW), Pne (PNE3.DE), Shanghai Nenghui Technology (301046.SZ), RENOVA (9519.T).
Is Inox Green Energy Services expensive compared with its peers?
On ev / sales it trades at 18.1× against a peer median of 5.4×, 2nd most expensive of 21 in its peer set.
How has Inox Green Energy Services stock performed?
Over six months to 6 Nov 2026 the shares returned -37.3% against -34.0% for the median peer; over one year -54.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.