Why is Inox Green Energy Services Ltd ?
1
Poor Management Efficiency with a low ROE of 2.30%
- The company has been able to generate a Return on Equity (avg) of 2.30% signifying low profitability per unit of shareholders funds
2
Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.87 times
- Poor long term growth as Net Sales has grown by an annual rate of 4.33% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.87 times
- The company has been able to generate a Return on Equity (avg) of 2.30% signifying low profitability per unit of shareholders funds
3
Healthy long term growth as Operating profit has grown by an annual rate 40.40%
4
The company has declared Positive results for the last 3 consecutive quarters
- NET SALES(9M) At Rs 232.49 cr has Grown at 28.55%
- ROCE(HY) Highest at 9.47%
- DEBTORS TURNOVER RATIO(HY) Highest at 1.74 times
5
With ROE of 6.1, it has a Very Expensive valuation with a 4.2 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 0.85%, its profits have risen by 424.8% ; the PEG ratio of the company is 0.2
How much should you hold?
- Overall Portfolio exposure to Inox Green should be less than 10%
- Overall Portfolio exposure to Other Utilities should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Utilities)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Inox Green for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Inox Green
0.85%
0.02
43.63%
Sensex
-10.21%
-0.78
13.06%
Quality key factors
Factor
Value
Sales Growth (5y)
4.33%
EBIT Growth (5y)
40.40%
EBIT to Interest (avg)
0.45
Debt to EBITDA (avg)
8.00
Net Debt to Equity (avg)
-0.24
Sales to Capital Employed (avg)
0.13
Tax Ratio
34.28%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
10.23%
ROCE (avg)
0.28%
ROE (avg)
2.30%
Valuation Key Factors 
Factor
Value
P/E Ratio
69
Industry P/E
32
Price to Book Value
4.21
EV to EBIT
777.52
EV to EBITDA
219.77
EV to Capital Employed
5.24
EV to Sales
23.43
PEG Ratio
0.18
Dividend Yield
NA
ROCE (Latest)
0.67%
ROE (Latest)
6.06%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
No Trend
Bullish
Technical Movement
18What is working for the Company
NET SALES(9M)
At Rs 232.49 cr has Grown at 28.55%
ROCE(HY)
Highest at 9.47%
DEBTORS TURNOVER RATIO(HY)
Highest at 1.74 times
PAT(Q)
Highest at Rs 28.00 cr.
-3What is not working for the Company
OPERATING PROFIT TO INTEREST (Q)
Lowest at -1.60 times
NON-OPERATING INCOME(Q)
is 110.22 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Inox Green
Net Sales - Nine Monthly
At Rs 232.49 cr has Grown at 28.55%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 28.00 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 28.00 cr has Grown at 36.3% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 20.55 CrMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Debtors Turnover Ratio- Half Yearly
Highest at 1.74 times
in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Inox Green
Operating Profit to Interest - Quarterly
Lowest at -1.60 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Non Operating Income - Quarterly
is 110.22 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Non Operating Income - Quarterly
Highest at Rs 50.81 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income






