- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0027461

About Indowind Energy Limited
Data last updated:
Indowind Energy Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 19 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L40108TN1995PLC032311. Its GSTIN is 33AAACI1806M1ZS (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532894 and NSE: INDOWIND.
The company has an authorised share capital of ₹275 Cr and a paid-up capital of ₹161 Cr. It was formerly known as Indowind Energy Private Limited and Indo-Wind Energy Private Limited. It is led by directors including Kuppa Sankaran Ravindranath (Whole-Time Director) and Neelamegam Krishnamoorthy Hari Babu (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Kothari Buildings 4th Floor, Chennai, Tamil Nadu, India – 600034.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹40.75 Cr, a growth of 21.6% compared to the previous year. For the same year it recorded a net profit of ₹1.08 Cr (net margin 2.7%) and EBITDA of ₹12.48 Cr (EBITDA margin 30.6%). The net worth stands at ₹307.41 Cr (up 17% YoY). Total assets are valued at ₹317.75 Cr (up 14.8% YoY).
The company has about 66 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Indowind Energy Limited and Indowind. As per MCA filings, the company has satisfied charges of ₹184.56 Cr on record. Court records list 175 cases involving the company, including 94 filed by the company and 81 filed against it; 31 cases are pending. The company has 113 deals on record (111 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹21.11 Cr; the latest was in June 2026. Its 8 peer companies in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 4 smaller; the largest is Dev-Dwarka Windproject Limited with revenue of ₹36.62 Cr.
Indowind Energy Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0027461). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indowind.com.
Company details
Name history
Indowind Energy has undergone 2 name changes throughout its history. The company was previously known as Indowind Energy Private Limited, and Indo-Wind Energy Private Limited. The current legal name is Indowind Energy Limited.
| Company Name | Status |
|---|---|
| Indowind Energy Limited | Current |
| Indowind Energy Private Limited | Previous |
| Indo-Wind Energy Private Limited | Previous |
CIN history
Indowind Energy has one previous CIN (Corporate Identification Number): U40108TN1995PLC032311. The current CIN is L40108TN1995PLC032311, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40108TN1995PLC032311 | Current |
| U40108TN1995PLC032311 | Previous |
Recognitions & Rankings of Indowind Energy
Contact details
Indowind Energy Limited's registered office is in Chennai, Tamil Nadu. Its website is indowind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKothari Buildings 4th Floor, Chennai, Tamil Nadu, India – 600034
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Indowind Energy Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Indowind Energy operates two associated brands: Indowind Energy Limited and Indowind. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Utility-scale wind energy projects are developed in India. | indowind.co.in | |
| Development and management of wind farms for green power generation and asset handling in the renewable energy sector. | indowind.com |
Business activity
The main business activity of Indowind Energy is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Indowind Energy Limited, buy the company report.
Financials of Indowind Energy Limited
FY 2025-26 filings availableIndowind Energy Limited reported revenue of ₹40.75 Cr (up 21.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 40.75 | 33.51 | 38.81 | 33.96 | 24.56 | 18.61 | 20.66 |
| Revenue growth | +21.6% | -13.7% | +14.3% | +38.3% | +32.0% | -9.9% | - |
| EBITDA | 12.48 | 10.54 | 14.81 | 7.12 | 6.52 | 9.57 | 8.33 |
| EBITDA margin | +30.6% | +31.5% | +38.2% | +21.0% | +26.6% | +51.4% | +40.3% |
| Profit before tax | 1.34 | 3.50 | 5.58 | (1.17) | 0.15 | 0.26 | 0.06 |
| Net profit | 1.08 | 1.26 | 8.22 | 5.68 | 0.15 | 0.22 | (5.58) |
| Net profit margin | +2.7% | +3.8% | +21.2% | +16.7% | +0.6% | +1.2% | -27.0% |
| EPS (₹) | 2.48 | 0.10 | 0.68 | (1.79) | 0.01 | 0.02 | 0.01 |
| Balance sheet | |||||||
| Total assets | 318 | 277 | 263 | 291 | 287 | 290 | 291 |
| Net worth | 307 | 263 | 237 | 230 | 230 | 229 | 200 |
| Total debt | 9.54 | 13.25 | 25.19 | 60.06 | 56.06 | 60.72 | 90.80 |
| Cash & bank | 21.57 | 1.72 | 0.48 | 21.76 | 1.60 | 5.55 | 4.46 |
| Net working capital | 40.43 | 21.26 | 20.98 | 48.49 | 15.86 | 15.52 | 8.05 |
| Cash flow | |||||||
| Cash from operations | 2.77 | 1.97 | (8.05) | 0.32 | 1.41 | 6.04 | 9.77 |
| Cash from investing | (33.80) | (21.64) | 43.96 | 4.78 | 2.63 | 0.92 | 0.97 |
| Cash from financing | 38.55 | 20.40 | (57.19) | 15.07 | (6.46) | (4.85) | (9.29) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.44 | 5.27 | 6.19 | 17.55 | 11.55 | 6.63 | 5.56 | 15.81 |
| Revenue growth (YoY) | -26.9% | -20.5% | +11.3% | +11.0% | +57.1% | - | - | - |
| Other income | 0.00 | 0.00 | 1.67 | 0.19 | 0.00 | 0.00 | 0.34 | 0.11 |
| EBITDA | 4.48 | (4.49) | (0.43) | 10.33 | 5.21 | (0.28) | 0.77 | 9.00 |
| EBITDA margin | +53.1% | -85.2% | -6.9% | +58.9% | +45.1% | -4.2% | +13.8% | +56.9% |
| Depreciation | 2.40 | 1.33 | 0.84 | 3.61 | 2.42 | 1.09 | 0.74 | 4.51 |
| Interest | 0.29 | 0.10 | 0.18 | 2.38 | 0.27 | 0.53 | 0.42 | 0.56 |
| Profit before tax | 1.79 | (5.92) | 0.22 | 4.53 | 2.52 | (1.90) | (0.05) | 4.04 |
| Tax | (0.31) | 1.58 | (0.13) | (0.05) | (0.06) | 2.43 | 0.00 | (0.38) |
| Net profit | 2.10 | (7.50) | 0.35 | 4.58 | 2.58 | (4.33) | (0.05) | 4.42 |
| EPS (₹) | 0.13 | (0.46) | 0.03 | 0.37 | 0.20 | (0.37) | 0.00 | 0.34 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 31.89 | 22.36 | 27.33 | 28.15 | 17.66 | 16.36 | 18.92 |
| Revenue growth | +42.6% | -18.2% | -2.9% | +59.4% | +8.0% | -13.5% | - |
| EBITDA | 12.84 | 10.09 | 13.41 | 7.11 | 6.51 | 9.57 | 8.32 |
| EBITDA margin | +40.3% | +45.1% | +49.1% | +25.3% | +36.9% | +58.5% | +44.0% |
| Profit before tax | 1.70 | 1.74 | 3.67 | (1.18) | 0.14 | 0.26 | 0.05 |
| Net profit | 1.28 | 0.15 | 6.25 | 5.67 | 0.14 | 0.22 | (5.60) |
| Net profit margin | +4.0% | +0.7% | +22.9% | +20.1% | +0.8% | +1.3% | -29.6% |
| EPS (₹) | 0.02 | 0.01 | 0.50 | (1.79) | 0.01 | 0.02 | 0.01 |
| Balance sheet | |||||||
| Total assets | 318 | 277 | 258 | 288 | 286 | 289 | 291 |
| Net worth | 308 | 263 | 234 | 228 | 230 | 229 | 200 |
| Total debt | 9.77 | 13.96 | 24.60 | 60.06 | 56.06 | 60.71 | 90.80 |
| Cash & bank | 21.38 | 1.50 | 0.36 | 21.71 | 1.21 | 5.36 | 4.46 |
| Net working capital | 39.68 | 20.98 | 27.56 | 47.53 | 14.92 | 14.58 | 6.84 |
| Cash flow | |||||||
| Cash from operations | 2.90 | 0.39 | (6.28) | (1.16) | 1.22 | 14.51 | 14.41 |
| Cash from investing | (33.44) | (20.43) | (10.49) | 6.59 | 2.63 | (7.73) | (3.59) |
| Cash from financing | 38.08 | 20.61 | (4.58) | 15.07 | (6.46) | (4.85) | (9.29) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.95 | 5.45 | 4.31 | 12.97 | 9.41 | 2.02 | 3.21 | 12.04 |
| Revenue growth (YoY) | -26.1% | +169.8% | +34.3% | +7.7% | +227.9% | - | - | - |
| Other income | 0.00 | 0.00 | 1.85 | 0.19 | 0.00 | 0.66 | 0.34 | 0.11 |
| Total expenses | 2.61 | 8.24 | 3.48 | 4.37 | 4.90 | 3.93 | 2.28 | 3.61 |
| EBITDA | 4.34 | (2.79) | 0.83 | 8.60 | 4.51 | (1.91) | 0.93 | 8.43 |
| EBITDA margin | +62.4% | -51.2% | +19.3% | +66.3% | +47.9% | -94.6% | +29.0% | +70.0% |
| Depreciation | 2.40 | 1.45 | 0.81 | 3.57 | 2.38 | 1.00 | 0.72 | 4.48 |
| Interest | 0.29 | 0.10 | 0.18 | 2.38 | 0.27 | 0.85 | 0.42 | 0.56 |
| Profit before tax | 1.65 | (4.34) | 1.69 | 2.84 | 1.86 | (3.10) | 0.13 | 3.50 |
| Tax | 0.10 | 1.96 | (0.13) | (0.35) | (0.06) | 2.21 | 0.00 | (0.38) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.44 | 5.27 | 6.19 | 17.55 | 11.55 | 6.63 | 5.56 | 15.81 |
| Revenue growth (YoY) | -26.9% | -20.5% | +11.3% | +11.0% | +57.1% | - | - | - |
| Other income | 0.00 | 0.00 | 1.67 | 0.19 | 0.00 | 0.00 | 0.34 | 0.11 |
| EBITDA | 4.48 | (4.49) | (0.43) | 10.33 | 5.21 | (0.28) | 0.77 | 9.00 |
| EBITDA margin | +53.1% | -85.2% | -6.9% | +58.9% | +45.1% | -4.2% | +13.8% | +56.9% |
| Depreciation | 2.40 | 1.33 | 0.84 | 3.61 | 2.42 | 1.09 | 0.74 | 4.51 |
| Interest | 0.29 | 0.10 | 0.18 | 2.38 | 0.27 | 0.53 | 0.42 | 0.56 |
| Profit before tax | 1.79 | (5.92) | 0.22 | 4.53 | 2.52 | (1.90) | (0.05) | 4.04 |
| Tax | (0.31) | 1.58 | (0.13) | (0.05) | (0.06) | 2.43 | 0.00 | (0.38) |
| Net profit | 2.10 | (7.50) | 0.35 | 4.58 | 2.58 | (4.33) | (0.05) | 4.42 |
| EPS (₹) | 0.13 | (0.46) | 0.03 | 0.37 | 0.20 | (0.37) | 0.00 | 0.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 40.75 | 33.51 | 38.81 | 33.96 | 24.56 | 18.61 | 20.66 |
| Revenue growth | +21.6% | -13.7% | +14.3% | +38.3% | +32.0% | -9.9% | - |
| Other income | 0.00 | 2.30 | 2.14 | 0.90 | 2.44 | 2.06 | 6.33 |
| Total expenses | 28.27 | 22.97 | 24.00 | 26.84 | 18.04 | 9.04 | 12.33 |
| Employee cost | 0.00 | 3.27 | 3.03 | 2.40 | 2.18 | 2.20 | 2.34 |
| EBITDA | 12.48 | 10.54 | 14.81 | 7.12 | 6.52 | 9.57 | 8.33 |
| EBITDA margin | +30.6% | +31.5% | +38.2% | +21.0% | +26.6% | +51.4% | +40.3% |
| Depreciation | 8.21 | 7.39 | 7.10 | 6.99 | 6.92 | 9.32 | 9.31 |
| Interest | 2.93 | 1.95 | 4.27 | 2.20 | 1.89 | 2.05 | 5.29 |
| Profit before tax | 1.34 | 3.50 | 5.58 | (1.17) | 0.15 | 0.26 | 0.06 |
| Tax | 1.35 | 2.24 | (1.71) | 18.10 | 0.02 | 0.04 | 0.01 |
| Net profit | 1.08 | 1.26 | 8.22 | 5.68 | 0.15 | 0.22 | (5.58) |
| Net profit margin | +2.7% | +3.8% | +21.2% | +16.7% | +0.6% | +1.2% | -27.0% |
| EPS (₹) | 2.48 | 0.10 | 0.68 | (1.79) | 0.01 | 0.02 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 161 | 129 | 107 | 107 | 89.74 | 89.74 | 89.74 |
| Reserves & surplus | 146 | 134 | 67.67 | 60.61 | 78.43 | 77.35 | 48.52 |
| Shareholders' funds (net worth) | 307 | 263 | 237 | 230 | 230 | 229 | 200 |
| Minority interest | 0.71 | 0.71 | 0.70 | 0.70 | 0.66 | 0.00 | 0.00 |
| Secured loans | 9.51 | 4.93 | 9.47 | 79.17 | 100 | 60.72 | 0.00 |
| Unsecured loans | 0.03 | 8.32 | 15.72 | (19.11) | (44.25) | 0.00 | 90.80 |
| Total debt | 9.54 | 13.25 | 25.19 | 60.06 | 56.06 | 60.72 | 90.80 |
| Total liabilities | 318 | 277 | 263 | 291 | 287 | 290 | 291 |
| Assets | |||||||
| Gross block | 370 | 360 | 346 | 264 | 235 | 307 | 233 |
| Net block | 245 | 243 | 236 | 159 | 166 | 246 | 181 |
| Capital work in progress | 12.31 | 0.96 | 0.96 | 0.96 | 0.96 | 0.96 | 73.88 |
| Investments | 0.04 | 0.04 | 0.04 | 0.04 | 1.04 | 10.46 | 10.41 |
| Inventories | 1.78 | 1.58 | 1.50 | 4.44 | 4.50 | 5.38 | 0.32 |
| Sundry debtors | 3.82 | 5.42 | 8.40 | 8.20 | 8.06 | 5.11 | 4.70 |
| Cash & bank balances | 21.57 | 1.72 | 0.48 | 21.76 | 1.60 | 5.55 | 4.46 |
| Loans & advances | 15.30 | 14.50 | 14.25 | 18.42 | 2.72 | 1.03 | 1.10 |
| Total current assets | 42.47 | 23.22 | 24.63 | 52.82 | 16.88 | 17.07 | 10.58 |
| Total current liabilities | 2.04 | 1.96 | 3.65 | 4.33 | 1.02 | 1.55 | 2.53 |
| Net working capital | 40.43 | 21.26 | 20.98 | 48.49 | 15.86 | 15.52 | 8.05 |
| Total assets | 318 | 277 | 263 | 291 | 287 | 290 | 291 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.21 | 0.48 | 21.76 | 1.59 | 4.01 | 1.90 | 0.46 |
| Net cash from operating activities | 2.77 | 1.97 | (8.05) | 0.32 | 1.41 | 6.04 | 9.77 |
| Net cash from investing activities | (33.80) | (21.64) | 43.96 | 4.78 | 2.63 | 0.92 | 0.97 |
| Net cash from financing activities | 38.55 | 20.40 | (57.19) | 15.07 | (6.46) | (4.85) | (9.29) |
| Net change in cash | 7.52 | 0.73 | (21.28) | 20.17 | (2.42) | 2.11 | 1.44 |
| Closing cash | 21.57 | 1.72 | 0.48 | 21.76 | 1.60 | 5.55 | 4.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | - | 0.06 | 0.18 | 0.25 | 0.26 | 0.35 | 0.57 |
| Long-term debt / equity | - | 0.02 | 0.11 | 0.22 | 0.25 | 0.34 | 0.53 |
| Interest cover | 68.62 | 61.90 | 55.38 | 1,692.31 | -472.50 | 820.00 | -539.80 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.09 | 0.13 | 0.14 | 0.09 | 0.07 | 0.09 |
| Inventory turnover | - | 21.76 | 13.07 | 7.60 | 4.97 | 6.53 | 38.98 |
| Debtors turnover | - | 4.85 | 4.68 | 4.18 | 3.73 | 3.79 | 3.94 |
| EPS (₹) | 2.48 | 0.10 | 0.68 | (1.79) | 0.01 | 0.02 | 0.01 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 16.70 | 16.15 | 15.50 | 18.56 | 18.62 | 15.41 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.95 | 5.45 | 4.31 | 12.97 | 9.41 | 2.02 | 3.21 | 12.04 |
| Revenue growth (YoY) | -26.1% | +169.8% | +34.3% | +7.7% | +227.9% | - | - | - |
| Other income | 0.00 | 0.00 | 1.85 | 0.19 | 0.00 | 0.66 | 0.34 | 0.11 |
| Total expenses | 2.61 | 8.24 | 3.48 | 4.37 | 4.90 | 3.93 | 2.28 | 3.61 |
| EBITDA | 4.34 | (2.79) | 0.83 | 8.60 | 4.51 | (1.91) | 0.93 | 8.43 |
| EBITDA margin | +62.4% | -51.2% | +19.3% | +66.3% | +47.9% | -94.6% | +29.0% | +70.0% |
| Depreciation | 2.40 | 1.45 | 0.81 | 3.57 | 2.38 | 1.00 | 0.72 | 4.48 |
| Interest | 0.29 | 0.10 | 0.18 | 2.38 | 0.27 | 0.85 | 0.42 | 0.56 |
| Profit before tax | 1.65 | (4.34) | 1.69 | 2.84 | 1.86 | (3.10) | 0.13 | 3.50 |
| Tax | 0.10 | 1.96 | (0.13) | (0.35) | (0.06) | 2.21 | 0.00 | (0.38) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 31.89 | 22.36 | 27.33 | 28.15 | 17.66 | 16.36 | 18.92 |
| Revenue growth | +42.6% | -18.2% | -2.9% | +59.4% | +8.0% | -13.5% | - |
| Other income | 0.00 | 1.13 | 1.20 | 0.90 | 2.44 | 2.06 | 6.33 |
| Total expenses | 19.05 | 12.27 | 13.92 | 21.04 | 11.15 | 6.79 | 10.60 |
| Employee cost | 0.00 | 2.91 | 2.69 | 2.36 | 2.18 | 2.20 | 2.34 |
| EBITDA | 12.84 | 10.09 | 13.41 | 7.11 | 6.51 | 9.57 | 8.32 |
| EBITDA margin | +40.3% | +45.1% | +49.1% | +25.3% | +36.9% | +58.5% | +44.0% |
| Depreciation | 8.21 | 7.22 | 6.99 | 6.99 | 6.92 | 9.32 | 9.31 |
| Interest | 2.93 | 2.26 | 3.95 | 2.20 | 1.89 | 2.05 | 5.29 |
| Profit before tax | 1.70 | 1.74 | 3.67 | (1.18) | 0.14 | 0.26 | 0.05 |
| Tax | 1.43 | 1.59 | (1.71) | 18.10 | 0.02 | 0.04 | 0.01 |
| Net profit | 1.28 | 0.15 | 6.25 | 5.67 | 0.14 | 0.22 | (5.60) |
| Net profit margin | +4.0% | +0.7% | +22.9% | +20.1% | +0.8% | +1.3% | -29.6% |
| EPS (₹) | 0.02 | 0.01 | 0.50 | (1.79) | 0.01 | 0.02 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 161 | 129 | 107 | 107 | 89.74 | 89.74 | 89.74 |
| Reserves & surplus | 85.09 | 72.35 | 64.29 | 58.75 | 78.36 | 76.62 | 48.42 |
| Shareholders' funds (net worth) | 308 | 263 | 234 | 228 | 230 | 229 | 200 |
| Secured loans | 9.51 | 4.93 | 9.47 | 79.17 | 100 | 60.71 | 2.63 |
| Unsecured loans | 0.26 | 9.03 | 15.13 | (19.11) | (44.25) | 0.00 | 88.17 |
| Total debt | 9.77 | 13.96 | 24.60 | 60.06 | 56.06 | 60.71 | 90.80 |
| Total liabilities | 318 | 277 | 258 | 288 | 286 | 289 | 291 |
| Assets | |||||||
| Gross block | 365 | 355 | 230 | 229 | 229 | 301 | 227 |
| Net block | 239 | 237 | 147 | 154 | 161 | 240 | 175 |
| Capital work in progress | 12.31 | 0.96 | 0.96 | 0.96 | 0.96 | 0.96 | 74.64 |
| Investments | 2.24 | 2.24 | 9.70 | 0.72 | 1.72 | 11.14 | 11.05 |
| Inventories | 1.78 | 1.58 | 1.38 | 3.05 | 3.82 | 3.10 | 0.31 |
| Sundry debtors | 3.88 | 6.83 | 8.44 | 8.27 | 9.12 | 6.83 | 3.95 |
| Cash & bank balances | 21.38 | 1.50 | 0.36 | 21.71 | 1.21 | 5.36 | 4.46 |
| Loans & advances | 14.68 | 13.01 | 19.91 | 18.19 | 1.76 | 0.81 | 0.85 |
| Total current assets | 41.72 | 22.92 | 30.09 | 51.22 | 15.91 | 16.10 | 9.57 |
| Total current liabilities | 2.04 | 1.94 | 2.53 | 3.69 | 0.99 | 1.52 | 2.73 |
| Net working capital | 39.68 | 20.98 | 27.56 | 47.53 | 14.92 | 14.58 | 6.84 |
| Total assets | 318 | 277 | 258 | 288 | 286 | 289 | 291 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.00 | 0.43 | 21.70 | 1.21 | 3.82 | 1.90 | 0.37 |
| Net cash from operating activities | 2.90 | 0.39 | (6.28) | (1.16) | 1.22 | 14.51 | 14.41 |
| Net cash from investing activities | (33.44) | (20.43) | (10.49) | 6.59 | 2.63 | (7.73) | (3.59) |
| Net cash from financing activities | 38.08 | 20.61 | (4.58) | 15.07 | (6.46) | (4.85) | (9.29) |
| Net change in cash | 7.54 | 0.57 | (21.34) | 20.49 | (2.61) | 1.92 | 1.52 |
| Closing cash | 21.38 | 1.50 | 0.36 | 21.71 | 1.21 | 5.36 | 4.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | - | 0.06 | 0.18 | 0.26 | 0.26 | 0.35 | 0.48 |
| Long-term debt / equity | - | 0.02 | 0.11 | 0.22 | 0.25 | 0.34 | 0.45 |
| Interest cover | 63.28 | 78.75 | 61.53 | 1,833.33 | -460.98 | 820.00 | -534.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.09 | 0.13 | 0.12 | 0.07 | 0.06 | 0.08 |
| Inventory turnover | - | 13.80 | 12.30 | 8.20 | 5.10 | 9.60 | 118.25 |
| Debtors turnover | - | 2.93 | 3.47 | 3.24 | 2.21 | 3.04 | 4.22 |
| EPS (₹) | 0.02 | 0.01 | 0.50 | (1.79) | 0.01 | 0.02 | 0.01 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 16.48 | 15.84 | 15.32 | 18.55 | 18.54 | 15.40 |
To see the full year-wise statements and ratios of Indowind Energy Limited, buy the company report.
Board of directors of Indowind Energy Limited
Indowind Energy has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kandallu Shyamsundar Rajaram | Director | 13 Nov 2015 | 10 Years 11 Months | Current |
| Kuppa Sankaran Ravindranath | Whole-Time Director | 01 Nov 2004 | 21 Years 11 Months | Current |
| Neelamegam Krishnamoorthy Hari Babu | Whole-Time Director | 07 Jun 2021 | 5 Years 4 Months | Current |
| Sangeeta Harilal Lakhi | Director | 08 Aug 2022 | 4 Years 2 Months | Current |
| Sridhar | Director | 22 Jun 2022 | 4 Years 4 Months | Current |
| Bathey Ramamurthy Baskaran | Director | 26 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Indowind Energy Limited is compared with the 8 companies closest to it by revenue in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indowind Energy Limitedthis company | ₹40.75 Cr (FY 2026) | ₹1.08 Cr | 2.7% | 21.6% | 66 | Chennai, Tamil Nadu, India |
| Dev-Dwarka Windproject Limited | ₹36.62 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Walwhan Urja Anjar Limited | ₹36.38 Cr (FY 2024) | 4.0% | Mumbai, Maharashtra, India | |||
| Banspani Iron Ltd | ₹36.23 Cr (FY 2025) | -18.0% | Keonjhar, Odisha, India | |||
| Engineered Power Resources India Private Limited | ₹35.95 Cr (FY 2025) | 49.0% | Bellary, Karnataka, India | |||
| Atria Wind Power (Savarakundla) Private Limited | ₹35.8 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India | |||
| Vena Energy Vidyuth Private Limited | ₹35.77 Cr (FY 2025) | 34186.0% | Bangalore, Karnataka, India | |||
| Atria Wind Power Private Limited | ₹35.63 Cr (FY 2024) | 5.0% | Bangalore, Karnataka, India | |||
| Greenergy Wind Corporation Private Limited | ₹35.36 Cr (FY 2025) | -7.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Indowind Energy Limited, buy the company report.
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 48.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 51.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 48.20% | 48.20% | 47.80% | 47.20% |
| Public | 51.80% | 51.80% | 52.20% | 52.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2016 | 100022159 | Others | ₹9.73 Cr | Satisfied | |
| 18 Jan 2011 | 10265219 | Export -Import Bank of India | ₹104.4 Cr | Satisfied | |
| 12 Sep 2009 | 10177320 | Indian Renewable Energy Development Agency Limited | ₹38 Cr | Satisfied | |
| 13 Mar 2009 | 10151706 | Andhra Bank | ₹5.85 Cr | Satisfied | |
| 28 Jan 2008 | 10091953 | Canara Bank | ₹60 Lakh | Satisfied |
To see the full charge records of Indowind Energy Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Indowind Energy Limited has 113 deals on record (111 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹21.11 Cr; the latest was in June 2026.
Deals on record (5 of 113)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹2.1 Cr | Buyer: Indus Capital Private Limited Seller: Indus Finance Limited |
| Jan 2026 | Market trade | ₹1.43 Cr | Buyer: Ska Asset Solutions LLP Seller: Ska Asset Solutions LLP |
| Mar 2025 | Market trade | ₹1.65 Cr | Buyer: Indus Capital Private Limited Seller: Indus Finance Limited |
| Jul 2023 | Market trade | ₹1.7 Cr | Buyer: Sahastraa Advisors Private Limited , Yuga Stocks & Commodities Private Limited Seller: Sahastraa Advisors Private Limited , Yuga Stocks & Commodities Private Limited |
| Sep 2022 | Market trade | ₹83.5 Lakh | Seller: Indus Finance Limited |
To see the full deal history of Indowind Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indowind Energy Limited has 175 court cases on record: 94 filed by Indowind Energy, 81 filed against it. 31 cases are pending and 144 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 150 | 71 | 28 |
| District courts | 16 | 8 | 3 |
| Supreme Court | 6 | 2 | 0 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 175)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against The Karnataka Power Transmission Corporation Ltd., and 9 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Milton Plastics Ltd. and Anr. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Bank of Baroda | Pending |
| High Court | Arbitration matter | Filed against the company by M/S.Suzlon Energy Limited M/S.K.Gowtham Kumar, Krithikaa Suresh,Sushanth Sanjay,Harini M,Saughanthika A S,Vijith A N,Balaji A.P. and 1 other | Disposed |
| High Court | Arbitration matter | Filed by the company against M/S Suzlon Energy Limited and Another and 6 others | Disposed |
To see the full case history of Indowind Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indowind Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indowind Energy has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Indowind Power Private Limited | U40103TN2010PTC077068 |
To see the full group structure of Indowind Energy Limited, buy the company report.
Employees & EPFO
Indowind Energy Limited has a workforce of 66 employees on its EPFO records as of Mar 30, 2024, across 2 active EPFO establishments.
GST
Indowind Energy has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI1806M1ZS | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAACI1806M1ZH | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indowind Energy Limited, buy the company report.
Recent activity
Indowind Energy Limited has 24 board changes on record since 2004: 15 appointments and 9 cessations. The latest: Bathey Ramamurthy Baskaran was appointed as Director on 26 Sep 2025.
33 earlier events are in the company report.
News
Frequently asked questions
Indowind Energy is an active public limited company based in Chennai, Tamil Nadu, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 19 July 1995 (31+ years old) and is registered under CIN L40108TN1995PLC032311. Listed on BSE: 532894 and NSE: INDOWIND.
Indowind Energy reported revenue of ₹40.75 Cr for FY 2025-26 (up 21.6% YoY) based on consolidated financials.
Indowind Energy has 6 current directors:
- Kuppa Sankaran Ravindranath - Whole-Time Director
- Neelamegam Krishnamoorthy Hari Babu - Whole-Time Director
- Kandallu Shyamsundar Rajaram - Director
- Sangeeta Harilal Lakhi - Director
- Sridhar - Director
- Bathey Ramamurthy Baskaran - Director
The latest financial statements of Indowind Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indowind Energy is 33AAACI1806M1ZS, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACI1806M1ZH (Karnataka).
The CIN (Corporate Identification Number) of Indowind Energy is L40108TN1995PLC032311. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indowind Energy is a listed company as per MCA records. Its shares are listed on both BSE (code: 532894) and NSE (symbol: INDOWIND).
Indowind Energy has 175 court cases on record: 94 filed by the company and 81 filed against it. 31 are pending. Most are in the high courts.
Indowind Energy was incorporated on 19 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chennai.
Indowind Energy has 113 deals on record (111 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹21.11 Cr; the latest was in June 2026.
The peers of Indowind Energy by revenue are Dev-Dwarka Windproject Limited, Walwhan Urja Anjar Limited, Banspani Iron Ltd, Engineered Power Resources India Private Limited, Atria Wind Power (Savarakundla) Private Limited and 3 more, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).

