Inox Green Energy Services Limited (INOXGREEN)

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Inox Green Energy Services Limited (INOXGREEN) · mywealthgrid

Peers

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Inox Green Energy Services LimitedINOXGREENINOXGREEN	₹6,384 Cr	₹6,472 Cr	₹280 Cr	₹28 Cr	8.2%	₹121 Cr	36.8%	8.5%	5.6%	405
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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	254	224	236	281
COGS	53	1	0	10
Gross profit	202	—	—	271
	144	148	184	248
	57	75	52	23
OPM %	22.6%	33.4%	22.1%	8.2%
Depreciation	65	53	53	2
Interest	71	25	19	9
	40	35	57	144
Profit before tax	-39	31	37	157
Tax	-19	4	15	53
Tax %	-47.6%	11.5%	41.4%	34.1%
	-20	28	22	103
PAT margin %	-8%	12.3%	9.3%	36.8%
EPS (₹)	-0.8	1	0.6	2.7
EPS adjusted (₹)	-0.7	1	0.5	2.6
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	235	292	294	367	401
Reserves	572	835	1,051	1,600	1,306
Minority interest	—	5	5	7	8
	904	595	174	181	88
	410	428	559	332	309
Total equity & liabilities	2,121	2,156	2,083	2,487	2,113
	963	1,095	755	704	15
CWIP	133	7	7	7	6
Investments	—	0	0	446	550
	1,025	1,053	1,320	1,330	1,542
Total assets	2,121	2,156	2,083	2,487	2,113

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	141	-26	-8	60	67
	-153	-5	-63	-539	-293
	-63	-10	79	474	307
Net cash flow	-76	-41	8	-5	81
Free cash flow	141	-96	-8	56	65
CFO / Operating profit %	—	-44.5%	-10.5%	116.2%	289.5%

Compounded sales growth

7 years: —
5 years: —
3 years: 3%
1 year: 19%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 373%

Return on equity

7 years: —
5 years: —
3 years: 3%
Last year: 6%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Operation and Maintenance	243.37	-16.25	733.92	397.75	336.17	-4.83
Consultancy Income	37.64	37.64

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	79.3%	—	—	96.4%
EBITDA margin %	22.6%	33.4%	22.1%	8.2%
EBIT margin %	-3.1%	9.8%	-0.5%	7.6%
PAT margin %	-8%	12.3%	9.3%	36.8%
Working capital
Receivable days	133	213	279	216
Inventory days	215	172	193	3,622
Payable days	763	137	110	3,433
NWC days	-415	249	362	405
Leverage
Current ratio	0.8	2.96	3.37	2.87
Debt to EBITDA	10.35	2.32	3.48	3.82
Debt to equity	0.53	0.13	0.09	0.05
Interest coverage	0.5	2.3	2.9	19
Asset turnover	0.12	0.11	0.09	0.13
Return ratios
Return on assets %	-0.9%	1.3%	0.9%	4.9%
Return on capital employed %	2%	3.4%	2.7%	8.5%
Return on equity %	-1.8%	2.1%	1.1%	6.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.72%	55.72%	55.72%	55.72%	56.35%	55.93%	55.93%	55.97%	55.97%	54.82%	56.12%	56.12%
	8.33%	9.2%	8.33%	9.16%	9.12%	8.78%	8.93%	7.18%	7.88%	7.56%	8.74%	7.85%
	2.95%	2.84%	1.75%	1.72%	3.7%	3.72%	3.72%	1.34%	1.08%	1.41%	1.49%	1.86%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	33%	32.24%	34.2%	33.4%	30.83%	31.57%	31.42%	35.51%	35.07%	36.21%	33.65%	34.17%
No. of shareholders	—	—	—	—	—	—	—	—	1,30,308	1,15,739	1,17,889	1,14,521

Promoter holding up 0.4 percentage points since Sep 2023.

34 deals · 23 Nov 2022 – 20 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	40,22,865	₹157.76	₹63.46 Cr
20 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	40,22,865	₹157.85	₹63.50 Cr
12 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	19,09,954	₹184.47	₹35.23 Cr
12 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	19,09,954	₹184.44	₹35.23 Cr
5 Jul 2024	DOVETAIL INDIA FUND	Bulk	NSE	Sell	20,65,272	₹168.19	₹34.74 Cr
26 Jun 2024	DOVETAIL INDIA FUND	Bulk	BSE	Sell	31,00,000	₹166.56	₹51.63 Cr
26 Jun 2024	SOCIETE GENERALE	Bulk	BSE	Buy	29,49,716	₹166.50	₹49.11 Cr
2 May 2024	SIXTEENTH STREET ASIAN GEMS FUND	Bulk	NSE	Buy	40,00,000	₹144.50	₹57.80 Cr
2 May 2024	ICM FINANCE PRIVATE LIMITED	Bulk	NSE	Sell	29,12,880	₹144.53	₹42.10 Cr
2 May 2024	ICM FINANCE PRIVATE LIMITED	Bulk	NSE	Sell	15,00,000	₹144.58	₹21.69 Cr

1–10 of 34

1 / 4

Mr. Mukesh ManglikExecutive Director-Chairperson
Mr. Sanjeev JainNon-Executive - Independent Director
Ms. Bindu SaxenaNon-Executive - Independent Director
Mr. Brij Mohan BansalNon-Executive - Independent Director
Mr. Manoj DixitExecutive Director
Mr. Shailendra TandonNon-Executive - Non Independent Director
Mr. Anup Kumar JainCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

0.34%

of the company's equity

All mutual funds

1.61%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 3 fund houses

		Shares
ESG Exclusionary Strategy Fund	ICICI Prudential Mutual Fund	9.37 L	15.64	1.15%	0.233%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	4.2 L	7.01	0.28%	0.105%	-9,197
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	2,875	0.05	0.01%	0.001%	+13
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	476	0.01	0.01%	0%	-0

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	79.3%	—	—	96.4%
EBITDA margin %	22.6%	33.4%	22.1%	8.2%
EBIT margin %	-3.1%	9.8%	-0.5%	7.6%
PAT margin %	-8%	12.3%	9.3%	36.8%
Working capital
Receivable days	133	213	279	216
Inventory days	215	172	193	3,622
Payable days	763	137	110	3,433
NWC days	-415	249	362	405
Leverage
Current ratio	0.8	2.96	3.37	2.87
Debt to EBITDA	10.35	2.32	3.48	3.82
Debt to equity	0.53	0.13	0.09	0.05
Interest coverage	0.5	2.3	2.9	19
Asset turnover	0.12	0.11	0.09	0.13
Return ratios
Return on assets %	-0.9%	1.3%	0.9%	4.9%
Return on capital employed %	2%	3.4%	2.7%	8.5%
Return on equity %	-1.8%	2.1%	1.1%	6.1%

Date	Category	Subject	Filing
2 Sept 2026, 7:06 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
27 Aug 2026, 7:12 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
24 Aug 2026, 8:29 pm	Company Update Scheme of Arrangement	Announcement under Regulation 30 (LODR)-Scheme of Arrangement	PDF
14 Aug 2026, 1:40 pm	AGM/EGM EGM	Shareholder Meeting / Postal Ballot-Scrutinizer"s Report	PDF
13 Aug 2026, 6:10 pm	AGM/EGM EGM	Shareholder Meeting / Postal Ballot-Outcome of EGM	PDF
11 Aug 2026, 6:17 pm	Company Update Monitoring Agency Report	Announcement under Regulation 30 (LODR)-Monitoring Agency Report	PDF
7 Aug 2026, 9:11 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
7 Aug 2026, 9:04 pm	Company Update Reg. 32 (1), (3) - Statement of Deviation & Variation	Statement Of Nil Deviation For The Quarter Ended June 30, 2026	PDF

Inox Green Energy Services Limited

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Consultancy Income · revenue

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