Inox Clean Energy Limited
About Inox Clean Energy Limited
Share Details
| company Name | Inox Clean Energy Limited |
| indicative Unlisted Share Price | ₹994 |
| market Capitalization | ₹69953 Cr |
| lot Size | 100 |
| 52 Week High | ₹795 |
| 52 Week Low | ₹495 |
| face Value | ₹1 |
| book Value | ₹5.17 |
| pe Ratio | 2586.21 |
| pb Ratio | 145.07 |
| debt To Equity | 0.72 |
| return On Equity | 5.82% |
| total Outstanding Shares | 93,27,10,646 |
| isin | INE0KHY01025 |
| depository | NSDL & CDSL |
| pan | AACFN8456B |
| cin | U40300GJ2017PLC098988 |
| rta | MUFG Intime India Pvt. Ltd. (Link Intime) |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | - | 4 | 26 | 82 |
| EBITDA | - | 21.75 | 83.33 | 85.37 |
| Operating Profit | - | 21.75 | 83.33 | 85.37 |
| EBIT | - | -7.13 | 8 | 56 |
| Profit Before Tax | - | -21 | -10 | 36 |
| Net Profit / Loss | - | -16 | -8 | 27 |
| EPS | - | -7.48 | -3.74 | 0.3 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | - | 21.75 | 83.33 | 85.37 |
| Net Profit Margin (%) | - | -400 | -33.33 | 32.93 |
| EPS | - | -7.48 | -3.74 | 0.3 |
Financial Annual Report Summary
Why Invest in Inox Clean Energy
- Revenue growth is strong but from a low base, indicating early-stage scaling.
- EBITDA margins are high due to operating leverage in renewable assets.
- Profitability turned positive in FY25 after earlier losses.
- Valuation multiples are extremely high, indicating premium pricing and risk.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | - | 288 | 276 | 469 |
| CWIP | - | 0 | 0 | 342 |
| Trade Receivables | - | 0.76 | 0.27 | 5.26 |
| Other Assets | - | 2.24 | 3.73 | 438.74 |
| Total Assets | - | 291 | 280 | 1,255 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | - | 21.39 | 21.39 | 90.81 |
| Reserves | - | 15 | 6.81 | 390 |
| Borrowings | - | 198 | 232 | 346 |
| Trade Payables | - | 45 | 9 | 6 |
| Other Liabilities | - | 11.61 | 11 | 422.19 |
| Total Liabilities | - | 291 | 280 | 1,255 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
The balance sheet expanded significantly in FY25 driven by asset additions and capital infusion. Borrowings increased to support project development, while reserves improved reflecting better profitability.
Liabilities Breakdown
Liabilities are largely driven by borrowings and project financing for renewable energy assets. Increase in other liabilities indicates expansion-related obligations.
Additional Insights
The company is in a capital-intensive growth phase with rising assets and leverage. Successful execution of projects will be key to sustaining returns.
Cash Flow Insights
- Operating cash flow turned volatile due to working capital changes.
- Heavy investing outflows reflect capital expenditure on renewable projects.
- Financing inflows increased significantly to support expansion.
- Cash flow profile reflects early-stage infrastructure investment cycle.
Shareholding Pattern
Promoters & Management
Inox Clean Energy Limited is part of the INOXGFL Group, a well-established industrial group with interests in chemicals, renewable energy, and infrastructure.
Registrar & Transfer Agent (RTA)
Registrar: MUFG Intime India Pvt. Ltd. (Link Intime)
Website: https://www.linkintime.co.in/
Management Analysis
Frequently Asked Questions About Inox Clean Energy Limited
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