India's only listed pure-play renewable O&M company servicing ~13+ GWp of wind and solar assets.
Price
Market Cap
Sector
Services
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 116 | 129 | 235 | 292 | 294 | 367 | 367 | 401 |
| Reserves | -20 | -86 | 572 | 835 | 1.1k | 1.6k | 1.7k | 1.3k |
| Borrowings | 1.1k | 1.4k | 904 | 595 | 174 | 181 | 95 | 88 |
| Other Liabilities | 1.2k | 1.2k | 410 | 433 | 564 | 339 | 351 | 317 |
| Total Liabilities | 2.3k | 2.7k | 2.1k | 2.2k | 2.1k | 2.5k | 2.5k | 2.1k |
| AssetsFixed Assets | 776 | 765 | 953 | 1.1k | 755 | 704 | 685 | 15 |
| CWIP | 26 | 251 | 133 | 7 | 7 | 7 | 7 | 6 |
| Investments | 72 | 33 | 33 | 0 | 0 | 446 | 486 | 550 |
| Other Assets | 1.5k | 1.6k | 1.0k | 1.1k | 1.3k | 1.3k | 1.3k | 1.5k |
| Total Assets | 2.3k | 2.7k | 2.1k | 2.2k | 2.1k | 2.5k | 2.5k | 2.1k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -41 | 362 | 49 | 141 | -26 | -8 | 60 | 67 |
| Cash from Investing | -170 | -306 | -105 | -153 | -5 | -63 | -637 | -293 |
| Cash from Financing | 195 | -52 | 174 | -63 | -10 | 79 | 572 | 307 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -163 | 66 | -53 | -8 | -97 | -8 | 56 | 65 |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
INOXGREEN · CYCLICAL_UNMODELABLE
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