Inox Green Energy Services Limited (INOXGREEN) - Net Assets
Based on the latest financial reports, Inox Green Energy Services Limited (INOXGREEN) has net assets worth Rs17.15 Billion INR (≈ $185.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs21.13 Billion ≈ $228.50 Million USD) and total liabilities (Rs3.98 Billion ≈ $43.02 Million USD). 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. See INOXGREEN net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs17.15 Billion |
| % of Total Assets | 81.17% |
| Annual Growth Rate | 45.72% |
| 5-Year Change | 112.63% |
| 10-Year Change | N/A |
| Growth Volatility | 866.55 |
Inox Green Energy Services Limited - Net Assets Trend (2017–2026)
This chart illustrates how Inox Green Energy Services Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Inox Green Energy Services Limited market cap and net worth.
Annual Net Assets for Inox Green Energy Services Limited (2017–2026)
The table below shows the annual net assets of Inox Green Energy Services Limited from 2017 to 2026. Also explore INOXGREEN net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs17.15 Billion ≈ $185.48 Million |
-13.12% |
| 2025-03-31 | Rs19.74 Billion ≈ $213.49 Million |
+46.24% |
| 2024-03-31 | Rs13.50 Billion ≈ $145.99 Million |
+19.20% |
| 2023-03-31 | Rs11.32 Billion ≈ $122.47 Million |
+40.39% |
| 2022-03-31 | Rs8.07 Billion ≈ $87.23 Million |
+3.17% |
| 2021-03-31 | Rs7.82 Billion ≈ $84.56 Million |
+18.29% |
| 2020-03-31 | Rs6.61 Billion ≈ $71.48 Million |
+1250.39% |
| 2019-03-31 | Rs489.48 Million ≈ $5.29 Million |
+2619.00% |
| 2018-03-31 | Rs18.00 Million ≈ $194.68K |
-96.89% |
| 2017-03-31 | Rs579.06 Million ≈ $6.26 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Inox Green Energy Services 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs4.01 Billion | 23.52% |
| Other Comprehensive Income | Rs13.06 Billion | 76.48% |
| Total Equity | Rs17.07 Billion | 100.00% |
Inox Green Energy Services Limited Competitors by Market Cap
The table below lists competitors of Inox Green Energy Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangan
SHG:600979
|
$744.02 Million |
|
Shenzhen Liande Automatic Equipment Co Ltd
SHE:300545
|
$744.15 Million |
|
Doosan Skoda Power as
PR:DSPW
|
$744.37 Million |
|
Shenzhen Xinhao Photoelectricity Technology Co. Ltd
SHE:301051
|
$744.57 Million |
|
Groupe Dynamite Inc
TO:GRGD
|
$743.85 Million |
|
DBV Technologies S.A.
PA:DBV
|
$743.80 Million |
|
KSL Holdings Bhd
KLSE:5038
|
$743.46 Million |
|
Shandong Jincheng Pharmaceutical and Chemical Co Ltd
SHE:300233
|
$743.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Inox Green Energy Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 19,671,400,000 to 17,071,099,999, a change of -2,600,300,001 (-13.2%).
- Net income of 1,023,900,000 contributed positively to equity growth.
- New share issuances of 3,747,000,000 increased equity.
- Other comprehensive income increased equity by 11,531,200,000.
- Other factors decreased equity by 18,902,400,001.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.02 Billion | +6.0% |
| Share Issuances | Rs3.75 Billion | +21.95% |
| Other Comprehensive Income | Rs11.53 Billion | +67.55% |
| Other Changes | Rs-18.90 Billion | -110.73% |
| Total Change | Rs- | -13.22% |
Book Value vs Market Value Analysis
This analysis compares Inox Green Energy Services 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: 3.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 87.11x to 3.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | Rs1.97 | Rs171.32 | x |
| 2018-03-31 | Rs0.06 | Rs171.32 | x |
| 2019-03-31 | Rs1.68 | Rs171.32 | x |
| 2020-03-31 | Rs22.64 | Rs171.32 | x |
| 2021-03-31 | Rs26.78 | Rs171.32 | x |
| 2022-03-31 | Rs27.63 | Rs171.32 | x |
| 2023-03-31 | Rs37.19 | Rs171.32 | x |
| 2024-03-31 | Rs41.51 | Rs171.32 | x |
| 2025-03-31 | Rs62.22 | Rs171.32 | x |
| 2026-03-31 | Rs45.52 | Rs171.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Inox Green Energy Services 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): 6.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.44%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.24x
- Recent ROE (6.00%) is above the historical average (-319.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 87.16% | 7.21% | 0.48x | 25.02x | Rs446.83 Million |
| 2018 | -3146.49% | -15.40% | 0.24x | 838.06x | Rs-568.23 Million |
| 2019 | -106.49% | -25.23% | 0.11x | 38.55x | Rs-574.67 Million |
| 2020 | 0.25% | 1.01% | 0.11x | 2.35x | Rs-644.23 Million |
| 2021 | -19.63% | -89.13% | 0.09x | 2.41x | Rs-2.32 Billion |
| 2022 | -11.55% | -54.13% | 0.08x | 2.63x | Rs-1.74 Billion |
| 2023 | -5.62% | -24.39% | 0.12x | 1.99x | Rs-1.70 Billion |
| 2024 | 2.07% | 12.44% | 0.11x | 1.55x | Rs-1.07 Billion |
| 2025 | 1.01% | 8.41% | 0.09x | 1.26x | Rs-1.77 Billion |
| 2026 | 6.00% | 36.44% | 0.13x | 1.24x | Rs-683.21 Million |
Industry Comparison
This section compares Inox Green Energy Services Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $101,267,099,895
- Average return on equity (ROE) among peers: 4.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Inox Green Energy Services Limited (INOXGREEN) | Rs17.15 Billion | 87.16% | 0.23x | $743.87 Million |
| ACME Solar Holdings Limited (ACMESOLAR) | $20.09 Billion | 3.09% | 4.42x | $2.85 Billion |
| Adani Green Energy Limited (ADANIGREEN) | $225.73 Billion | 6.40% | 3.94x | $23.77 Billion |
| Karma Energy Limited (KARMAENG) | $429.58 Million | -23.23% | 2.40x | $5.16 Million |
| KPI Green Energy Limited (KPIGREEN) | $492.87 Million | 15.00% | 1.18x | $607.06 Million |
| NHPC Limited (NHPC) | $359.19 Billion | 9.11% | 1.04x | $8.36 Billion |
| NTPC Green Energy Limited (NTPCGREEN) | $48.87 Billion | 3.50% | 2.77x | $8.07 Billion |
| SJVN Limited (SJVN) | $54.06 Billion | 14.14% | 0.70x | $2.72 Billion |
About Inox Green Energy Services Limited
Inox Green Energy Services Limited provides operation and maintenance services, and common infrastructure facilities for wind turbine generators in India. The company operates through Operation & Maintenance; Erection, Procurement & Commissioning; Power Generation; and Trading Income segments. It offers operational services, including remote monitoring and control through supervisory control and … Read more