Debut Plus

190.49

-0.82 -0.43%

17 Jul 2026

NSE Listed

Inox Green Energy Ser Ltd. (INOXGREEN)

Volume: 4,64,334Avg Vol 1W: 9,98,792Avg Vol 1M: 12,82,519.352W Range:132.58279
Market Cap₹7,466 Cr
Current Price₹190.49
Previous Close₹191.31
High / Low (52w)₹279 / ₹132.58
Volume4,64,334
Avg Vol (1W)9,98,792
Avg Vol (1M)12,82,519.3
Stock P/E113.57
Book Value₹51.41
Dividend Yield
ROE1.7%
ROA
Revenue (TTM)₹290 Cr
Revenue Growth
Profit Margin
Total Debt₹0 Cr
Shares Outstanding
Face Value₹10
EPS (TTM)₹1.05
P/B2.32
Debt / Equity0.07
50 DMA₹189.06
200 DMA₹192.87
Day change-0.43%
Price Chart
190.49 20.68% · 1Y
2721356.9Cr
2025-07-17
2026-07-16

20-day avg volume: 12.8L shares

Pros
  • Company is almost debt-free.
  • Revenue grew 121% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 114.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹51 Cr₹55 Cr₹61 Cr₹65 Cr₹56 Cr₹86 Cr₹78 Cr₹69 Cr
EBITDA₹8 Cr₹14 Cr₹15 Cr₹18 Cr₹37 Cr₹42 Cr₹42 Cr₹48 Cr
Net Profit₹4 Cr₹6 Cr₹4 Cr₹6 Cr₹22 Cr₹28 Cr₹25 Cr₹28 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹370 Cr₹166 Cr₹186 Cr₹190 Cr₹294 Cr₹261 Cr₹290 Cr
EBITDA₹-15 Cr₹57 Cr₹47 Cr₹50 Cr₹32 Cr₹59 Cr₹53 Cr
Net Profit₹-57 Cr₹-52 Cr₹-154 Cr₹-93 Cr₹-19 Cr₹28 Cr₹20 Cr
EPS-11,328.63-1.83-10-4.72-0.830.920.07
Balance Sheet
MetricMar 2018Mar 2019Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1,509 Cr₹1,902 Cr₹2,693 Cr₹2,121 Cr₹2,155 Cr₹2,083 Cr₹2,487 Cr
Total Liabilities₹1,507 Cr₹1,853 Cr₹2,650 Cr₹1,314 Cr₹1,022 Cr₹733 Cr₹513 Cr
Equity₹2 Cr₹49 Cr₹43 Cr₹807 Cr₹1,132 Cr₹1,350 Cr₹1,974 Cr
Total Debt
Cash Flow
MetricMar 2018Mar 2019Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹79 Cr₹-43 Cr₹34 Cr₹145 Cr₹-32 Cr₹-3 Cr₹54 Cr
Investing₹-168 Cr₹-170 Cr₹-105 Cr₹-153 Cr₹-5 Cr₹-63 Cr₹-637 Cr
Financing₹82 Cr₹195 Cr₹174 Cr₹-63 Cr₹-10 Cr₹79 Cr₹573 Cr
Free Cash Flow₹79 Cr₹-43 Cr₹34 Cr₹145 Cr₹-32 Cr₹-3 Cr₹54 Cr
Shareholding
Promoter 56.12% Institutions 10.23% Public 33.65%
Efficiency & Working Capital
ROCE9.2%
Interest Coverage2.6
Dividend Payout
Debtor Days279 d
Inventory Days151 d
Payable Days86 d
Cash Conversion Cycle344 d
Working Capital Days430 d
Shareholding Details

As of 2026-03-31

Promoter56.1%
FII8.7%
DII1.5%
Institutions10.2%
Public33.6%
Promoter Pledge0%
No. of Shareholders1,17,889
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodAug 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Nov 2025Nov 2025Dec 2025Jan 2026Jan 2026Mar 2026
Promoters56.4%56.4%55.9%55.9%56%56%54.8%54.8%54.8%56.1%56.1%56.1%
FIIs8.8%9.1%8.8%8.9%7.2%7.9%7.8%7.8%7.6%9%9%8.7%
DIIs3.9%3.7%3.7%3.7%1.3%1.1%0.7%0.7%1.4%1.5%1.5%1.5%
Public30.9%30.8%31.6%31.4%35.5%35.1%36.7%36.7%36.2%33.4%33.4%33.6%
Promoter Pledge5.5%4.7%1.4%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,36,2741,43,7481,54,4051,53,4921,47,6351,30,3081,17,7601,17,7601,15,7391,14,4491,14,4491,17,889
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Inox Wind LimitedShareholding of Promoter and Promoter Group51.1%20.53 Cr
Inox Leasing And Finance LimitedShareholding of Promoter and Promoter Group5%1.99 Cr
Samena Green LtdPublic Shareholding1.9%76,37,226
Neptune Alpha FundPublic Shareholding1.8%72,96,463
Samena Special Situations Mauritius IiiPublic Shareholding1.6%63,00,000
Authum Investment And Infrastructure LimitedPublic Shareholding1.5%60,18,368
Sapphire Intrex LimitedPublic Shareholding1.2%48,16,334
Progressive Star Finance Private LimitedPublic Shareholding1.1%42,35,850
Forbes EmfPublic Shareholding1%40,45,663
Devansh Trademart LlpShareholding of Promoter and Promoter Group0%1,52,000
Devansh JainShareholding of Promoter and Promoter Group0%300
Mukesh PatniShareholding of Promoter and Promoter Group0%100
Vivek Kumar JainShareholding of Promoter and Promoter Group0%100
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Devansh Jain00%2026-03-31
Mukesh Patni00%2026-03-31
Vivek Kumar Jain00%2026-03-31
Inox Wind Limited00%2026-03-31
Inox Leasing And Finance Limited00%2026-03-31
Devansh Trademart Llp00%2026-03-31
Forbes Emf00%2026-03-31
Samena Special Situations Mauritius Iii00%2026-03-31
Neptune Alpha Fund00%2026-03-31
Samena Green Ltd00%2026-03-31
Authum Investment And Infrastructure Limited00%2026-03-31
Sapphire Intrex Limited00%2026-03-31
Board of Directors
NameDesignationYear
Mukesh ManglikE D & Wholetime Director2025
MANOJ SHAMBHU DIXITE D & Wholetime Director2025
SHAILENDRA TANDONNon-Exec & Non-Independent Dir2025
Sanjeev JainIndependent Non Exe. Director2025
Bindu SaxenaIndependent Non Exe. Director2025
Brij Mohan BansalIndependent Non Exe. Director2025
ANUP KUMAR JAINCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
EPC O&M & Common Infra. Facilities₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10500367367
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202491500101,702
202487900001,585
20245001046
Insider / Designated-Person Trades

20 recent disclosure(s)

Inox Leasing and Finance LimitedAcquisition · 1,98,90,000
Seethappa Karunakaran MathusudhanaAcquisition · 1,02,500
DEVANSH TRADEMART LLPAcquisition · 25,000
DEVANSH TRADEMART LLPAcquisition · 30,000
DEVANSH TRADEMART LLPAcquisition · 45,000
DEVANSH TRADEMART LLPAcquisition · 42,000
Substantial Acquisitions (SAST)

4 disclosure(s)

Conv. of Warrants28/01/2026 · 1,98,90,000
Pref. Allotment02/08/2024 · 4,16,66,666
Pref. Allotment02/08/2024 ·
Market01/02/2024 · 1,17,89,547
Company Information
Incorporated2012
AuditorDewan P N Chopra & Co
Investor Email[email protected]
🌐 www.inoxgreen.com

📍 SNo 1837 & 1834 Moje Jetalpur, ABS Tower 2nd Flr Old Padra Rd, Vadodara, Gujarat, 390007

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