Indowind Energy Limited
Indowind Energy Limited generates and distributes power in India. The company owns, develops, operates, and maintains wind farms and wind power generation assets. It also provides project and asset management, as well as value addition services; and trades in and sells carbon credits. The company serves private consumers, corporates, and state utilities. Indowind Energy Limited was incorporated i… Read more
Indowind Energy Limited (INDOWIND) - Net Assets
Latest net assets as of September 2025: ₹2.87 Billion INR
Based on the latest financial reports, Indowind Energy Limited (INDOWIND) has net assets worth ₹2.87 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹3.24 Billion) and total liabilities (₹372.54 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹2.87 Billion |
| % of Total Assets | 88.5% |
| Annual Growth Rate | 9.49% |
| 5-Year Change | 21.97% |
| 10-Year Change | 61.37% |
| Growth Volatility | 27.55 |
Indowind Energy Limited - Net Assets Trend (2004–2025)
This chart illustrates how Indowind Energy Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Indowind Energy Limited (2004–2025)
The table below shows the annual net assets of Indowind Energy Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹2.80 Billion | +17.55% |
| 2024-03-31 | ₹2.38 Billion | +3.06% |
| 2023-03-31 | ₹2.31 Billion | -0.08% |
| 2022-03-31 | ₹2.31 Billion | +0.76% |
| 2021-03-31 | ₹2.29 Billion | +14.02% |
| 2020-03-31 | ₹2.01 Billion | +0.40% |
| 2019-03-31 | ₹2.00 Billion | -5.52% |
| 2018-03-31 | ₹2.12 Billion | +21.65% |
| 2017-03-31 | ₹1.74 Billion | +0.56% |
| 2016-03-31 | ₹1.73 Billion | +1.35% |
| 2015-03-31 | ₹1.71 Billion | +0.07% |
| 2014-03-31 | ₹1.71 Billion | -16.93% |
| 2013-03-31 | ₹2.06 Billion | -4.40% |
| 2012-03-31 | ₹2.15 Billion | +52.03% |
| 2011-03-31 | ₹1.41 Billion | -10.15% |
| 2010-03-31 | ₹1.57 Billion | +18.10% |
| 2009-03-31 | ₹1.33 Billion | +0.50% |
| 2008-03-31 | ₹1.33 Billion | +105.66% |
| 2007-03-31 | ₹645.18 Million | +11.36% |
| 2006-03-31 | ₹579.38 Million | -10.98% |
| 2005-03-31 | ₹650.84 Million | +56.25% |
| 2004-03-31 | ₹416.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indowind Energy Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 9462100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹1.29 Billion | 46.18% |
| Other Comprehensive Income | ₹656.87 Million | 23.55% |
| Other Components | ₹938.79 Million | 33.66% |
| Total Equity | ₹2.79 Billion | 100.00% |
Indowind Energy Limited Competitors by Market Cap
The table below lists competitors of Indowind Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DCM Nouvelle Limited
NSE:DCMNVL
|
$7.11 Million |
|
Scientific Energy Inc
PINK:SCGY
|
$7.11 Million |
|
Macau Legend Development Limited
PINK:MALDF
|
$7.11 Million |
|
HUNYVERS S.A. EO -025
F:F6Q
|
$7.11 Million |
|
Belararox Ltd
AU:BRX
|
$7.09 Million |
|
Agricore CS Holdings Berhad
KLSE:0309
|
$7.09 Million |
|
Ekopak BV
BR:EKOP
|
$7.09 Million |
|
Straits Inter Logistics Bhd
KLSE:0080
|
$7.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indowind Energy Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,371,642,000 to 2,789,059,000, a change of 417,417,000 (17.6%).
- Net income of 12,629,000 contributed positively to equity growth.
- Share repurchases of 405,711,000 reduced equity.
- New share issuances of 405,711,000 increased equity.
- Other comprehensive income increased equity by 106,328,000.
- Other factors increased equity by 298,460,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹12.63 Million | +0.45% |
| Share Repurchases | ₹405.71 Million | -14.55% |
| Share Issuances | ₹405.71 Million | +14.55% |
| Other Comprehensive Income | ₹106.33 Million | +3.81% |
| Other Changes | ₹298.46 Million | +10.7% |
| Total Change | ₹- | 17.60% |
Book Value vs Market Value Analysis
This analysis compares Indowind Energy Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.77x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹10.73 | ₹8.29 | x |
| 2005-03-31 | ₹16.77 | ₹8.29 | x |
| 2006-03-31 | ₹14.37 | ₹8.29 | x |
| 2007-03-31 | ₹15.67 | ₹8.29 | x |
| 2008-03-31 | ₹24.61 | ₹8.29 | x |
| 2009-03-31 | ₹24.73 | ₹8.29 | x |
| 2010-03-31 | ₹28.03 | ₹8.29 | x |
| 2011-03-31 | ₹25.19 | ₹8.29 | x |
| 2012-03-31 | ₹21.20 | ₹8.29 | x |
| 2013-03-31 | ₹20.26 | ₹8.29 | x |
| 2014-03-31 | ₹14.61 | ₹8.29 | x |
| 2015-03-31 | ₹13.88 | ₹8.29 | x |
| 2016-03-31 | ₹14.81 | ₹8.29 | x |
| 2017-03-31 | ₹18.04 | ₹8.29 | x |
| 2018-03-31 | ₹20.91 | ₹8.29 | x |
| 2019-03-31 | ₹19.76 | ₹8.29 | x |
| 2020-03-31 | ₹22.33 | ₹8.29 | x |
| 2021-03-31 | ₹22.55 | ₹8.29 | x |
| 2022-03-31 | ₹25.67 | ₹8.29 | x |
| 2023-03-31 | ₹20.35 | ₹8.29 | x |
| 2024-03-31 | ₹20.98 | ₹8.29 | x |
| 2025-03-31 | ₹21.65 | ₹8.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indowind Energy Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.77%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.09x
- Recent ROE (0.45%) is below the historical average (2.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 7.39% | 45.69% | 0.11x | 1.44x | ₹-10.88 Million |
| 2005 | 6.36% | 38.25% | 0.14x | 1.17x | ₹-23.66 Million |
| 2006 | 9.51% | 23.63% | 0.33x | 1.24x | ₹-2.85 Million |
| 2007 | 10.20% | 27.00% | 0.28x | 1.33x | ₹1.28 Million |
| 2008 | 5.43% | 28.15% | 0.09x | 2.12x | ₹-60.66 Million |
| 2009 | 8.59% | 18.81% | 0.18x | 2.56x | ₹-18.76 Million |
| 2010 | 12.64% | 31.53% | 0.18x | 2.22x | ₹41.58 Million |
| 2011 | 4.86% | 10.82% | 0.20x | 2.24x | ₹-72.67 Million |
| 2012 | 1.91% | 13.91% | 0.07x | 1.99x | ₹-173.83 Million |
| 2013 | 1.58% | 13.92% | 0.06x | 1.88x | ₹-172.85 Million |
| 2014 | 0.06% | 0.45% | 0.07x | 1.89x | ₹-169.47 Million |
| 2015 | 0.13% | 1.13% | 0.06x | 1.86x | ₹-168.40 Million |
| 2016 | 0.44% | 4.55% | 0.05x | 1.83x | ₹-165.28 Million |
| 2017 | -1.14% | -7.63% | 0.08x | 1.85x | ₹-193.40 Million |
| 2018 | -9.90% | -80.23% | 0.08x | 1.47x | ₹-421.80 Million |
| 2019 | -6.12% | -55.80% | 0.07x | 1.51x | ₹-322.93 Million |
| 2020 | 0.03% | 0.27% | 0.07x | 1.47x | ₹-199.83 Million |
| 2021 | 0.10% | 1.18% | 0.06x | 1.28x | ₹-226.40 Million |
| 2022 | 0.06% | 0.52% | 0.09x | 1.25x | ₹-229.06 Million |
| 2023 | -8.37% | -56.72% | 0.11x | 1.36x | ₹-422.70 Million |
| 2024 | 3.06% | 18.29% | 0.13x | 1.32x | ₹-164.53 Million |
| 2025 | 0.45% | 3.77% | 0.11x | 1.09x | ₹-266.28 Million |
Industry Comparison
This section compares Indowind Energy Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $69,073,929,000
- Average return on equity (ROE) among peers: 16.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indowind Energy Limited (INDOWIND) | ₹2.87 Billion | 7.39% | 0.13x | $7.10 Million |
| ACME Solar Holdings Limited (ACMESOLAR) | $6.00 Billion | 5.18% | 4.45x | $285.71 Million |
| Adani Green Energy Limited (ADANIGREEN) | $1.36 Billion | -0.56% | 39.82x | $3.36 Billion |
| Siemens Energy India Limited (ENRIN) | $43.81 Billion | 25.11% | 1.18x | $298.65K |
| GK ENERGY LIMITED (GKENERGY) | $559.58 Million | 64.49% | 2.83x | $11.50K |
| Inox Green Energy Services Limited (INOXGREEN) | $8.07 Billion | -11.55% | 1.63x | $221.21 Million |
| Karma Energy Limited (KARMAENG) | $452.15 Million | -2.21% | 2.45x | $863.28K |
| KPI Green Energy Limited (KPIGREEN) | $135.60 Million | 56.64% | 2.95x | $381.57 Million |
| NHPC Limited (NHPC) | $375.96 Billion | 9.37% | 1.06x | $2.81 Billion |
| NTPC Green Energy Limited (NTPCGREEN) | $185.32 Billion | 2.57% | 1.45x | $1.03 Billion |