Inox Green Energy Peer Comparison

NSE: INOXGREEN | BSE: 543667

₹114.82

₹-3.19 (-2.70%)

As on 21-Oct-2026IST

Market cap

₹4,767 Cr

Revenue (TTM)

₹280 Cr

P/E Ratio

39.4

P/B Ratio

2.3

Div. Yield

0 %

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	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Market cap (₹ Cr)	4,767	10,833	1,824	1,422	916
Revenue (₹ Cr)	280	4,385	2,751	1,294	611
Net Profit (₹ Cr)	121.87	417.04	28.19	103.56	44.16
Net Margin (%)	26.46	9.11	1.02	7.84	6.85
RoE (%)	6.52	5.28	2.88	8.72	4.74
Price to Earnings	39.37	31.46	82.69	13.73	21.96
Price-To-Book	2.35	1.70	2.49	1.13	0.99

Income Statement (₹ Cr)

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Operating Revenue	281.01	4,397.52	2,791.58	1,249.31	657.12
Total Income	426.21	4,569.36	2,818.56	1,266.27	693.21
Total Expenditure	257.92	3,506.10	2,679.77	1,070.69	505.71
EBITDA	23.09	891.41	111.80	178.62	151.41
Depreciation	1.71	204.34	19.69	3.41	48.76
EBIT	21.38	687.07	92.11	175.21	102.65
Interest	8.78	199.79	77.52	69.93	61.22
Other Income	145.20	171.84	26.98	16.96	36.08
Exceptional Items	--	-13.46	-7.72	-1.21	-1.91
Profit before Tax	157.80	659.12	27.18	121.03	75.57
Provision for Tax	53.45	210.02	6.90	29.33	17.98
Profit after Tax	104.35	449.10	20.28	91.70	57.58

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Shareholder's Funds	1,708.00	6,382.49	747.57	1,237.37	921.14
Minority Interest	8.00	1,310.45	--	--	33.22
Non-Current Liabilities	-90.96	226.09	20.46	112.53	471.34
Current Liabilities	362.21	3,788.83	1,772.47	1,219.56	656.60
Total Liabilities	2,082.30	11,963.21	2,549.49	2,599.59	2,082.31

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Non-Current Assets	946.31	4,095.70	410.76	165.04	1,107.16
Current Assets	1,040.94	7,612.15	2,129.75	2,404.42	975.14
Total Assets	2,082.30	11,963.21	2,549.49	2,599.59	2,082.31
Total Debt*	88.28	1,961.60	349.96	292.27	791.53
Net Current Assets	678.73	3,823.32	357.28	1,184.86	318.55
Contingent Liabilities	40.54	638.37	9.25	78.04	18.20

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Cash From Operating Activities	66.87	-598.12	21.09	-436.99	95.49
Cash Flow from Investing Activities	-293.11	-849.91	19.10	-155.83	-198.24
Cash from Financing Activities	306.83	1,557.84	-72.14	623.59	50.30
Net Cash Inflow / Outflow	80.58	109.80	-31.96	30.77	-52.45

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
ROCE (%)	8.45	12.08	9.88	16.82	8.59
ROE (%)	5.97	8.50	2.93	10.76	6.51
ROA (%)	4.75	4.52	0.88	4.63	3.01
EBIT Margin (%)	59.89	24.18	4.97	15.66	28.53
Net Margin (%)	24.48	9.83	0.72	7.24	8.31
Cash Profit Margin (%)	37.74	14.86	1.43	7.61	16.18

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Revenue Growth (%)	27.62	23.62	7.44	36.41	5.70
EBIT Growth (%)	146.07	17.93	38.83	16.20	30.36
Net Profit Growth (%)	189.90	3.23	31.13	17.85	311.96
EPS Growth (%)	372.57	-13.85	31.03	-16.10	337.96
Book Value Growth (%)	-6.41	49.37	10.77	164.47	7.46

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Price / Earnings	53.33	32.18	78.26	14.57	13.74
Price / Book Value	3.23	2.06	2.18	1.08	0.83
Dividend Yield (%)	0.00	0.00	0.44	0.35	0.70
EV/EBITDA	29.97	13.53	12.63	7.20	7.23
Market Cap (₹ Cr)	5,460.30	13,034.24	1,586.73	1,335.64	757.93

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Debt to Equity	0.05	0.31	0.48	0.24	0.86
Short term debt to equity ratio	0.05	0.26	0.47	0.15	0.39
Current Ratio	2.87	2.01	1.20	1.97	1.49
Quick Ratio	2.59	1.54	1.12	1.91	1.22
Interest Coverage	18.96	4.30	1.35	2.73	2.23

	Inox Green Energy	Inox Wind	Bajel Projects	Vikran Engineering	Swelect Energy Sys
Debtors to sales (%)	59.14	96.64	58.53	81.09	9.28
Asset Turnover	0.13	0.44	1.22	0.63	0.34
Receivable days	224.88	282.14	170.27	236.37	34.95
Inventory Days	129.10	124.59	17.40	20.43	95.92
Payable days	2,685.61	168.95	134.56	478.62	133.41
Cash Conversion Cycle	-2,331.64	237.78	53.10	-221.81	-2.55

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.