Indowind

Chennai, India Founded: 1995 • Age: 31 yrs Listed
Utility-scale wind energy projects are developed in India.

About Indowind

Indowind is a publicly listed company based in Chennai (India) founded in 1995. Utility-scale wind energy projects are developed in India. The company has 67 employees. Its Indian entity Indowind Energy Limited reported revenue of β‚Ή40.75 Cr. Indowind offers products and services including Wind Power Projects, Wind Asset Management, and Green Power Supply. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Similar companies include Mytrah Energy, Greenko Group and Avaada Group; 2 of its 3 listed similar companies have raised funding.

Company details

Indowind was founded in 1995 and is headquartered in Chennai, India. Operations are focused on the renewable energy sector, particularly the development and management of utility-scale wind power projects. Services include project planning, construction, and operation across various regions in India. Wind farms are established to generate electricity for the grid, contributing to national energy needs. The company maintains a presence through its domain indowind.co.in for stakeholder information.

  • Headquarters Chennai, India
  • Employees 67
  • Stage Public
  • Sectors
    Energy & Utilities
  • Website indowind.co.in
  • Legal Name Indowind Energy Limited
Key Metrics
  • Market Cap
    ₹137 Cr

    INDOWIND · NSE

  • Share Price
    ₹8.28

    -2.93% today

  • Revenue
    ₹40.75 Cr

    FY 2025-26 · +21.6% YoY

  • EBITDA
    ₹12.48 Cr

    Margin 30.6%

  • Net Profit
    ₹1.08 Cr

    FY 2025-26 · -14.3% YoY

  • Employee Count
    67

Products & Services of Indowind

Indowind offers a comprehensive portfolio of products and services, including Wind Power Projects, Wind Asset Management, and Green Power Supply.

Wind Power Projects
Renewable Energy Development

Building and commissioning wind farms for power generation

Wind Asset Management
Asset Management

Operations and revenue management for wind assets

Green Power Supply
Energy Supply

Providing green power to utilities and corporates

Board of directors of Indowind Energy Limited (Indowind)

Indowind Energy Limited is the primary company behind Indowind. The boards of the 2 registered companies of Indowind currently have 8 directors; the longest-serving is Bala Venckat Kutti, appointed in 2010. 15 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Bala Venckat Kutti
DIN 00765036
Director19 Aug 201016 yrs 2 moIndowind Power Private Limited
Niranjan Raosaheb Jagtap
DIN 01237606
Director19 Aug 201016 yrs 2 moIndowind Power Private Limited
Kuppa Sankaran Ravindranath
DIN 00848817
Director14 Feb 201214 yrs 8 moIndowind Power Private Limited, Indowind Energy Limited
Kandallu Shyamsundar Rajaram
DIN 03560150
Director13 Nov 201510 yrs 11 moIndowind Energy Limited
Neelamegam Krishnamoorthy Hari Babu
DIN 06422543
Whole-time director07 Jun 20215 yrs 4 moIndowind Energy Limited
Sangeeta Harilal Lakhi
DIN 00074571
Director08 Aug 20224 yrs 2 moIndowind Energy Limited
Bathey Ramamurthy Baskaran
DIN 11240447
Director26 Sep 20251 yrIndowind Energy Limited
Sridhar
DIN 09648012
Director30 Sep 20251 yrIndowind Power Private Limited, Indowind Energy Limited

IPO & Listings of Indowind

Indowind is a publicly listed company on the NSE with ticker symbol INDOWIND in India, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date14 Sep 2007
  • Listed onBSE: 532894 · NSE: INDOWIND
  • Listed entityIndowind Energy Limited
  • Exchange sectorUtilities
  • ISININE227G01018
  • Share price₹8.48 (+1.44% on the day) · 2026-10-14
  • Market capitalisation₹135 Cr
  • Price to earnings155.0
  • EPS (diluted, trailing year)₹0.05
  • Volume (last session)41,208

Financials of Indowind

Exchange-reported figures of Indowind Energy Limited, the listed company behind Indowind (NSE: INDOWIND).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹40.75 Cr
+21.6% YoY
EBITDA
₹12.48 Cr
+18.4% YoY
Profit After Tax
₹1.08 Cr
-14.3% YoY
Net Worth
₹307 Cr
+17.0% YoY
Total Assets
₹318 Cr
+14.8% YoY
Total Debt
₹9.54 Cr
-28.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue40.7533.5138.8133.9624.5618.6120.66
Revenue growth+21.6%-13.7%+14.3%+38.3%+32.0%-9.9%-
EBITDA12.4810.5414.817.126.529.578.33
EBITDA margin+30.6%+31.5%+38.2%+21.0%+26.6%+51.4%+40.3%
Profit before tax1.343.505.58(1.17)0.150.260.06
Net profit1.081.268.225.680.150.22(5.58)
Net profit margin+2.7%+3.8%+21.2%+16.7%+0.6%+1.2%-27.0%
EPS (β‚Ή)2.480.100.68(1.79)0.010.020.01
Balance sheet
Total assets318277263291287290291
Net worth307263237230230229200
Total debt9.5413.2525.1960.0656.0660.7290.80
Cash & bank21.571.720.4821.761.605.554.46
Net working capital40.4321.2620.9848.4915.8615.528.05
Cash flow
Cash from operations2.771.97(8.05)0.321.416.049.77
Cash from investing(33.80)(21.64)43.964.782.630.920.97
Cash from financing38.5520.40(57.19)15.07(6.46)(4.85)(9.29)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.445.276.1917.5511.556.635.5615.81
Revenue growth (YoY)-26.9%-20.5%+11.3%+11.0%+57.1%---
Other income0.000.001.670.190.000.000.340.11
EBITDA4.48(4.49)(0.43)10.335.21(0.28)0.779.00
EBITDA margin+53.1%-85.2%-6.9%+58.9%+45.1%-4.2%+13.8%+56.9%
Depreciation2.401.330.843.612.421.090.744.51
Interest0.290.100.182.380.270.530.420.56
Profit before tax1.79(5.92)0.224.532.52(1.90)(0.05)4.04
Tax(0.31)1.58(0.13)(0.05)(0.06)2.430.00(0.38)
Net profit2.10(7.50)0.354.582.58(4.33)(0.05)4.42
EPS (β‚Ή)0.13(0.46)0.030.370.20(0.37)0.000.34
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue31.8922.3627.3328.1517.6616.3618.92
Revenue growth+42.6%-18.2%-2.9%+59.4%+8.0%-13.5%-
EBITDA12.8410.0913.417.116.519.578.32
EBITDA margin+40.3%+45.1%+49.1%+25.3%+36.9%+58.5%+44.0%
Profit before tax1.701.743.67(1.18)0.140.260.05
Net profit1.280.156.255.670.140.22(5.60)
Net profit margin+4.0%+0.7%+22.9%+20.1%+0.8%+1.3%-29.6%
EPS (β‚Ή)0.020.010.50(1.79)0.010.020.01
Balance sheet
Total assets318277258288286289291
Net worth308263234228230229200
Total debt9.7713.9624.6060.0656.0660.7190.80
Cash & bank21.381.500.3621.711.215.364.46
Net working capital39.6820.9827.5647.5314.9214.586.84
Cash flow
Cash from operations2.900.39(6.28)(1.16)1.2214.5114.41
Cash from investing(33.44)(20.43)(10.49)6.592.63(7.73)(3.59)
Cash from financing38.0820.61(4.58)15.07(6.46)(4.85)(9.29)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6.955.454.3112.979.412.023.2112.04
Revenue growth (YoY)-26.1%+169.8%+34.3%+7.7%+227.9%---
Other income0.000.001.850.190.000.660.340.11
Total expenses2.618.243.484.374.903.932.283.61
EBITDA4.34(2.79)0.838.604.51(1.91)0.938.43
EBITDA margin+62.4%-51.2%+19.3%+66.3%+47.9%-94.6%+29.0%+70.0%
Depreciation2.401.450.813.572.381.000.724.48
Interest0.290.100.182.380.270.850.420.56
Profit before tax1.65(4.34)1.692.841.86(3.10)0.133.50
Tax0.101.96(0.13)(0.35)(0.06)2.210.00(0.38)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.445.276.1917.5511.556.635.5615.81
Revenue growth (YoY)-26.9%-20.5%+11.3%+11.0%+57.1%---
Other income0.000.001.670.190.000.000.340.11
EBITDA4.48(4.49)(0.43)10.335.21(0.28)0.779.00
EBITDA margin+53.1%-85.2%-6.9%+58.9%+45.1%-4.2%+13.8%+56.9%
Depreciation2.401.330.843.612.421.090.744.51
Interest0.290.100.182.380.270.530.420.56
Profit before tax1.79(5.92)0.224.532.52(1.90)(0.05)4.04
Tax(0.31)1.58(0.13)(0.05)(0.06)2.430.00(0.38)
Net profit2.10(7.50)0.354.582.58(4.33)(0.05)4.42
EPS (β‚Ή)0.13(0.46)0.030.370.20(0.37)0.000.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue40.7533.5138.8133.9624.5618.6120.66
Revenue growth+21.6%-13.7%+14.3%+38.3%+32.0%-9.9%-
Other income0.002.302.140.902.442.066.33
Total expenses28.2722.9724.0026.8418.049.0412.33
Employee cost0.003.273.032.402.182.202.34
EBITDA12.4810.5414.817.126.529.578.33
EBITDA margin+30.6%+31.5%+38.2%+21.0%+26.6%+51.4%+40.3%
Depreciation8.217.397.106.996.929.329.31
Interest2.931.954.272.201.892.055.29
Profit before tax1.343.505.58(1.17)0.150.260.06
Tax1.352.24(1.71)18.100.020.040.01
Net profit1.081.268.225.680.150.22(5.58)
Net profit margin+2.7%+3.8%+21.2%+16.7%+0.6%+1.2%-27.0%
EPS (β‚Ή)2.480.100.68(1.79)0.010.020.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16112910710789.7489.7489.74
Reserves & surplus14613467.6760.6178.4377.3548.52
Shareholders' funds (net worth)307263237230230229200
Minority interest0.710.710.700.700.660.000.00
Secured loans9.514.939.4779.1710060.720.00
Unsecured loans0.038.3215.72(19.11)(44.25)0.0090.80
Total debt9.5413.2525.1960.0656.0660.7290.80
Total liabilities318277263291287290291
Assets
Gross block370360346264235307233
Net block245243236159166246181
Capital work in progress12.310.960.960.960.960.9673.88
Investments0.040.040.040.041.0410.4610.41
Inventories1.781.581.504.444.505.380.32
Sundry debtors3.825.428.408.208.065.114.70
Cash & bank balances21.571.720.4821.761.605.554.46
Loans & advances15.3014.5014.2518.422.721.031.10
Total current assets42.4723.2224.6352.8216.8817.0710.58
Total current liabilities2.041.963.654.331.021.552.53
Net working capital40.4321.2620.9848.4915.8615.528.05
Total assets318277263291287290291
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.210.4821.761.594.011.900.46
Net cash from operating activities2.771.97(8.05)0.321.416.049.77
Net cash from investing activities(33.80)(21.64)43.964.782.630.920.97
Net cash from financing activities38.5520.40(57.19)15.07(6.46)(4.85)(9.29)
Net change in cash7.520.73(21.28)20.17(2.42)2.111.44
Closing cash21.571.720.4821.761.605.554.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+21.6%-13.7%+14.3%+38.3%+32.0%-9.9%-
EBITDA growth+18.4%-28.8%+108.0%+9.2%-31.9%+14.9%-
PBT growth-61.7%-37.3%+9998.0%--42.3%+333.3%+9998.0%
Net income growth-14.3%-84.7%+44.7%+3686.7%-31.8%+103.9%-
Revenue CAGR (3Y)+6.3%+10.9%+27.8%+18.0%+3.8%-10.7%-7.4%
EBITDA CAGR (3Y)+20.6%+17.4%+15.7%-5.1%+2.0%--16.9%
Profitability & leverage
Net income margin-0.0%+3.8%+18.8%-56.7%+0.5%+1.2%+0.2%
Return on capital employed-+2.0%+4.0%+2.8%+0.7%+0.8%-0.1%
Return on net worth-+0.5%+3.5%+2.5%+0.1%+0.1%-3.3%
Debt / equity-0.060.180.250.260.350.57
Long-term debt / equity-0.020.110.220.250.340.53
Interest cover68.6261.9055.381,692.31-472.50820.00-539.80
Efficiency & per share
Fixed asset turnover-0.090.130.140.090.070.09
Inventory turnover-21.7613.077.604.976.5338.98
Debtors turnover-4.854.684.183.733.793.94
EPS (β‚Ή)2.480.100.68(1.79)0.010.020.01
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.0016.7016.1515.5018.5618.6215.41
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6.955.454.3112.979.412.023.2112.04
Revenue growth (YoY)-26.1%+169.8%+34.3%+7.7%+227.9%---
Other income0.000.001.850.190.000.660.340.11
Total expenses2.618.243.484.374.903.932.283.61
EBITDA4.34(2.79)0.838.604.51(1.91)0.938.43
EBITDA margin+62.4%-51.2%+19.3%+66.3%+47.9%-94.6%+29.0%+70.0%
Depreciation2.401.450.813.572.381.000.724.48
Interest0.290.100.182.380.270.850.420.56
Profit before tax1.65(4.34)1.692.841.86(3.10)0.133.50
Tax0.101.96(0.13)(0.35)(0.06)2.210.00(0.38)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue31.8922.3627.3328.1517.6616.3618.92
Revenue growth+42.6%-18.2%-2.9%+59.4%+8.0%-13.5%-
Other income0.001.131.200.902.442.066.33
Total expenses19.0512.2713.9221.0411.156.7910.60
Employee cost0.002.912.692.362.182.202.34
EBITDA12.8410.0913.417.116.519.578.32
EBITDA margin+40.3%+45.1%+49.1%+25.3%+36.9%+58.5%+44.0%
Depreciation8.217.226.996.996.929.329.31
Interest2.932.263.952.201.892.055.29
Profit before tax1.701.743.67(1.18)0.140.260.05
Tax1.431.59(1.71)18.100.020.040.01
Net profit1.280.156.255.670.140.22(5.60)
Net profit margin+4.0%+0.7%+22.9%+20.1%+0.8%+1.3%-29.6%
EPS (β‚Ή)0.020.010.50(1.79)0.010.020.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16112910710789.7489.7489.74
Reserves & surplus85.0972.3564.2958.7578.3676.6248.42
Shareholders' funds (net worth)308263234228230229200
Secured loans9.514.939.4779.1710060.712.63
Unsecured loans0.269.0315.13(19.11)(44.25)0.0088.17
Total debt9.7713.9624.6060.0656.0660.7190.80
Total liabilities318277258288286289291
Assets
Gross block365355230229229301227
Net block239237147154161240175
Capital work in progress12.310.960.960.960.960.9674.64
Investments2.242.249.700.721.7211.1411.05
Inventories1.781.581.383.053.823.100.31
Sundry debtors3.886.838.448.279.126.833.95
Cash & bank balances21.381.500.3621.711.215.364.46
Loans & advances14.6813.0119.9118.191.760.810.85
Total current assets41.7222.9230.0951.2215.9116.109.57
Total current liabilities2.041.942.533.690.991.522.73
Net working capital39.6820.9827.5647.5314.9214.586.84
Total assets318277258288286289291
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.000.4321.701.213.821.900.37
Net cash from operating activities2.900.39(6.28)(1.16)1.2214.5114.41
Net cash from investing activities(33.44)(20.43)(10.49)6.592.63(7.73)(3.59)
Net cash from financing activities38.0820.61(4.58)15.07(6.46)(4.85)(9.29)
Net change in cash7.540.57(21.34)20.49(2.61)1.921.52
Closing cash21.381.500.3621.711.215.364.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+42.6%-18.2%-2.9%+59.4%+8.0%-13.5%-
EBITDA growth+27.3%-24.8%+88.6%+9.2%-32.0%+15.0%-
PBT growth-2.3%-52.6%+9998.0%--46.2%+420.0%+9998.0%
Net income growth+753.3%-97.6%+10.2%+3950.0%-36.4%+103.9%-
Revenue CAGR (3Y)+4.3%+8.2%+18.7%+14.2%-4.9%-12.3%-7.5%
EBITDA CAGR (3Y)+21.8%+15.7%+11.9%-5.1%+2.0%--16.9%
Profitability & leverage
Net income margin+0.9%+0.7%+19.7%-68.5%+0.7%+1.3%+0.2%
Return on capital employed-+1.5%+3.2%+2.8%+0.7%+0.8%-0.1%
Return on net worth-+0.1%+2.7%+2.5%+0.1%+0.1%-2.8%
Debt / equity-0.060.180.260.260.350.48
Long-term debt / equity-0.020.110.220.250.340.45
Interest cover63.2878.7561.531,833.33-460.98820.00-534.34
Efficiency & per share
Fixed asset turnover-0.090.130.120.070.060.08
Inventory turnover-13.8012.308.205.109.60118.25
Debtors turnover-2.933.473.242.213.044.22
EPS (β‚Ή)0.020.010.50(1.79)0.010.020.01
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.0016.4815.8415.3218.5518.5415.40

Similar companies to Indowind

Indowind has 3 listed similar companies in our database, 2 of them funded. They include Mytrah Energy, Greenko Group and Avaada Group.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
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greenkogroup.com2006Hyderabad, India$942.81M160
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avaada.com2009Delhi, India$879.45M2,935
Renewable energy projects in solar, wind, and storage are developed.
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Frequently Asked Questions about Indowind

Indowind was founded in 1995.

Indowind is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

Indowind has 67 employees.

The primary company behind Indowind, Indowind Energy Limited, reported revenue of β‚Ή40.75 Cr for FY 2026, up 22% year on year.

Indowind was founded in 1995 and is headquartered in Chennai, India. Operations are focused on the renewable energy sector, particularly the development and management of utility-scale wind power projects. Services include project planning, construction, and operation across various regions in India. Wind farms are established to generate electricity for the grid, contributing to national energy needs. The company maintains a presence through its domain indowind.co.in for stakeholder information.

Indowind's top competitors include Avaada Group, Greenko Group and Mytrah Energy.

Indowind offers Wind Power Projects, Wind Asset Management, and Green Power Supply.

Yes, Indowind is publicly traded on NSE under the ticker symbol INDOWIND.

Indowind is associated with 2 legal entities: Indowind Energy Limited, Indowind Power Private Limited.

The legal entities of Indowind currently have 9 directors, including Kuppa Sankaran Ravindranath, Sridhar, Bala Venckat Kutti and others.

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