Inox Green Energy Services share price today

Inox Green Energy Services Ltd's share price was ₹120.59 at the close on 4 November 2026. It has been falling for 5 weeks. That is 27.5% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Inox Green Energy Services Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹102 and ₹258, and at that close it sat 12% of the way up from that low.

Over the last 3.9 years the share price moved +99% while the NIFTY 500 moved +37%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

4 points in one quarter.

1. Revenue fell in the June 2026 quarter

   Revenue was ₹43 crore, -23.2% on a year earlier (₹56 crore), after 7 quarters of growth.

2. Operating margin down 13.2 points on a year earlier

   -2.2% in the June 2026 quarter, from 11%.

   Why: The company spent money on upgrading wind farm infrastructure, extending turbine life and major overhauls, but did not bill customers separately for that work.

   Next results: check whether the company starts billing separately for overhauls and life extension, which would make the operating income clearer.

   From the earnings call on 7 Aug 2026.

3. Promoters cut their stake by 2.4 points in one quarter

   From 56.1% to 53.7% in the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Inox Green Energy Services reported revenue of ₹43.0 crore, down 23.2% from ₹56.0 crore a year earlier, and a profit of ₹41.0 crore, up 86.4% from ₹22.0 crore.

Inox Green Energy Services results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Inox Green Energy Services' management discussed these results on a call held on 7 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Inox Green Energy Services closed at ₹120.59 on 4 November 2026, down 53.2% from ₹257.67 a year earlier (7 November 2025) and up 96.3% over three years. Its highest weekly close since November 2022 was ₹259.50 on 31 October 2025.

Inox Green Energy Services share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

212 weekly closes from 25 November 2022 to 4 November 2026.

4 Nov 2026: Inox Green Energy Services closed at ₹120.59, up 18.4% on the week and down 24.2% on the month. 7 Aug 2026: Inox Green Energy Services held its results call for April to June 2026. Management guided: FY27 Inox Wind consolidated revenue growth of 75% and operating margin of 20-22%.

Earlier

• Results for April to June 2026: Revenue down 23.2% and profit up 86.4% on a year earlier.

Inox Green Energy Services has paid no dividend on the NSE since its first NSE close in our records (25 November 2022), the start of the period we checked.

No. Inox Green Energy Services Ltd paid out 0% of its profit as dividends in each of its last 9 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 7 August 2026, Inox Green Energy Services' management guided: FY27 Inox Wind consolidated revenue growth of 75% and operating margin of 20-22%.

“We have 4.4 gigawatt of orders in the backlog to be executed, and 70% of that comes from equipment supply.”Vibhu, on the call for April to June 2026

What management guided

• FY27 operating profit guidance of ₹600 crore retained, annualized from Q3/Q4 onward; Inox Green O&M margin framework at 50% excluding treasury income.
• H2 expected to account for 70-75% of annual business.
• WWIL acquisition formalities and financial consolidation expected in July to September 2026; life-extension services to extend across the acquired fleet toward 35-year turbine lives.
• 4X prototype installation in August and commercial launch by FY27-end; higher models contingent on market demand.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 7 August 2026.

When Inox Green Energy Services reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: WWIL completion and consolidation - verify contract transfer, integration progress and first reported contribution.

Inox Green Energy Services is on one of our India lists: Power & green energy stocks.

Inox Green Energy Services Ltd earned ₹41.0 Cr of net profit in the Jun 2026 quarter, +86.4% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹103 Cr. That is 95.3% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹103 Cr (+368.2% on the year before).

Why profit moved: revenue changed −23.2% on a year earlier and the margin moved −13.2 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +305.0% and revenue +16.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Inox Green Energy Services Ltd reported ₹43.0 Cr of revenue in the Jun 2026 quarter, −23.2% on the same quarter a year earlier. Over 8 years it has grown −3.3% a year on average. The last full year, FY26, came in at ₹281 Cr. The last four reported quarters add to ₹276 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹281 Cr, +27.7% on the year before.

Recent pace: the last four quarters grew +16.8% on average, against −3.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +16.5%, against +14.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +212.8%, against +101.7% a year (accelerating).

Inox Green Energy Services Ltd's operating margin was −2.2% in the Jun 2026 quarter, 13.2 percentage points lower than the same quarter a year ago. Across 9 years it has been between 4.2% and 53.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −13.1 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 78% of Inox Green Energy Services Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹67.0 Cr of operating cash against ₹103 Cr of profit. After −₹688 Cr of spending on assets, ₹755 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

Inox Green Energy Services Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹281 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. Over the last 3 years it sold more assets than it bought, by ₹1,025 Cr.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Over the last 3 years, money from selling assets was ₹1,025 Cr more than it spent on new ones. Work still in progress is ₹6.0 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

Inox Green Energy Services Ltd's P/E is 41.1×, about the lowest it has ever been. Its usual P/E (the middle reading) is 152.2×, over 3.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹3.12.

Why the multiple is where it is: over the past year earnings per share moved +372.2% while the price moved −53.2%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +25.2% a year; about +80.1% a year came from earnings growth and about −54.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 15% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Inox Green Energy Services Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 8.0% is below the 15% level needed to call it steady growth. This is based on 8 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Inox Green Energy Services Ltd earned a ROCE of 8% in FY26. That is up from a low of 1% in FY23. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 36.7% net margin and 0.13× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 36.7% net margin × 0.13× asset turnover × 1.22× leverage (assets divided by equity) ≈ 5.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 15% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Inox Green Energy Services Ltd had ₹88.0 Cr of borrowings against ₹1,708 Cr of equity in FY26, so its debt is 0.05× its equity. Its operating profit is 3 times its interest bill. Over 5 years borrowings went from ₹1,411 Cr to ₹88.0 Cr.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Over the last 3 of those years it sold more assets than it bought, by ₹1,025 Cr.

The spending on assets is being paid for from cash, not new debt.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 15% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Promoters cut their stake in Inox Green Energy Services Ltd by 2.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 53.7% of the company. Domestic institutions moved −1.8 points over the same period, to 1.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −2.2 points over 8 quarters, to 53.7%; Domestic institutions: −1.8 points over 8 quarters, to 1.9%; Foreign institutions: −0.6 points over 8 quarters, to 8.2%.

Why the owners changed: promoters drove it (−2.2 points), together with domestic institutions (−1.8 points). They reduced their stake.

For Inox Green Energy Services Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

41.6 out of 100, rank 22 of 42 in Miscellaneous, with 71% of the evidence available.

Inox Green Energy Services Ltd scores 41.6 out of 100 against the 42 companies it is compared with in Miscellaneous, ranking 22. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 21.4 + 9.6 + 9.9 + 0.7 = 41.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Inox Green Energy Services ranks 22 of 42 Miscellaneous companies on the 4-Factor Sector Score, with 41.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Miscellaneous, all 42 compared on one page.

Inox Green Energy Services is the 6th largest of 42 Miscellaneous companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Sagility, Central Mine Planning & Design Institute and Embassy Developments. Just below it: Indiqube Spaces, Kaveri Seed Company and RattanIndia Enterprises.

Miscellaneous companies close in size

3. Sagility Ltd ₹19,699 crore
4. Central Mine Planning & Design Institute Ltd ₹12,742 crore
5. Embassy Developments Ltd ₹6,996 crore
6. Inox Green Energy Services Ltd ₹4,272 crore
7. Indiqube Spaces Ltd ₹3,603 crore
8. Kaveri Seed Company Ltd ₹3,390 crore
9. RattanIndia Enterprises Ltd ₹3,261 crore

All 42 Miscellaneous companies, largest first

Companies close in size in other industries

892. Pilani Investment & Industries Corporation Ltd ₹4,287 crore · Finance - Holding Company
893. Deep Industries Ltd ₹4,272 crore · Oil Drilling & Exploration
894. Inox Green Energy Services Ltd ₹4,272 crore
895. Keystone Realtors Ltd ₹4,270 crore · Realty - Construction & Contracting
896. Rolex Rings Ltd ₹4,264 crore · Bearings

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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