Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation
Which stocks are undervalued right now? Check free
Discover now →
Indowind Energy Limited (532894) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Indowind Energy Limited ₹2.12, price ₹8.42, upside -74.8%, quality 18 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
- Add to watchlist
IE
Thin data
Sep 24, 2026
Indowind Energy Limited
532894 · BSEWeakest SetupStrongly overvalued and low quality.
!Fair value ₹2.12 · Strongly overvalued (−74.8%)
!Quality 18/100
!Expensive Growth (revenue 5y +10.2 %/yr)
!Loss over the last twelve months · 0.0% net margin (TTM) · fiscal year 2025 3.8%
✓Low debt
!Narrow moat 15/100
!Evidence only low, so the estimate is less certain
Watch Indowind Energy Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.
Watch for free
Pro now: $1 first month
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹3.58 – ₹37.12 · fair‑value band ₹1.90 – ₹2.76 · the ₹8.42 price screens above the ₹2.12 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Indowind Energy Limited operates as an IPP in the renewable energy sector in India. It engages in developing, setting up, operating, and maintaining wind farms primarily in Tamil Nadu and Karnataka. The company sells its wind power to corporate clients.
Show more
Indowind Energy Limited operates as an IPP in the renewable energy sector in India. It engages in developing, setting up, operating, and maintaining wind farms primarily in Tamil Nadu and Karnataka. The company sells its wind power to corporate clients. It also provides project management and asset management services, as well as trades in and sells carbon credits (CERs) in Indian and international CER markets. The company was founded in 1995 and is based in Chennai, India.
Stock analysis
Indowind Energy Limited (532894) currently trades at ₹8.42, while our model-based Fair Value estimate is ₹2.12, 74.8% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of ₹20.82 per share, and 3 of the 14 models we run sit above the ₹8.42 price.
Bear case: the Earnings-Based group reads lowest at ₹1.28, and 11 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹1.90 (bear) to ₹2.76 (bull), the price of ₹8.42 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 18/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Indowind Energy Limited reported revenue of ₹335M in FY2025 versus ₹186M in FY2021, a compound +15.8%/yr. Reported net income was ₹12.7M in FY2025, compounding +55.1%/yr from FY2021.
Key figures
Market cap ₹228M (≈ $2.4M) · P/S ratio 1.27 · EPS (TTM) ₹−1.11 · Net margin 3.8% · Return on assets (EBIT) 0.7% · Operating margin −4.4% · Revenue (TTM) ₹180M · Revenue growth (YoY) −43.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −75%, 532894 screens richer than that median.
Fair Value models
Bear ₹1.90
Fair Value ₹2.12
Bull ₹2.76
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EPV
₹2.90
₹3.35
₹3.74
74
ROIC Compounder
₹2.90
₹3.35
₹3.74
72
Residual Income
₹20.55
₹18.69
₹17.73
71
All 14 models by family
Earnings-Based
Graham-Dodd
₹0.9600
₹3.67
₹4.97
64
Lynch FV
₹0.8900
₹1.28
₹1.66
61
PEG = 1.0
₹0.8900
₹1.28
₹1.66
57
EPV
₹2.90
₹3.35
₹3.74
74
Multiples
P/E Multiple
₹1.90
₹2.54
₹3.17
63
P/S Multiple
₹1.80
₹2.40
₹3.00
58
P/B Multiple
₹1.80
₹2.40
₹3.00
55
EV/EBIT
₹3.98
₹5.29
₹6.61
66
EV/EBITDA
₹8.83
₹11.77
₹14.71
67
EV/Revenue
₹3.22
₹4.59
₹5.96
53
Asset-Based
NCAV (Graham)
₹15.54
₹20.82
₹31.08
54
Economic Profit
Residual Income
₹20.55
₹18.69
₹17.73
71
ROIC Compounder
₹2.90
₹3.35
₹3.74
72
Growth Earnings
Growth-Adj P/E
₹1.48
₹2.12
₹2.76
67
Notify me when 532894 reaches fair value
Put 532894 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Overall quality
18/100
Of which business quality 20 · Market factors (momentum, volatility) 29
Profitability
15
Margins and returns on capital today
Quality Growth
22
Are margins and returns improving?
Cashflow
0
Earnings quality: real cash, not paper profit
Fin. Strength
41
Balance sheet, leverage, solvency risk
Investment
52
Disciplined investing over empire-building
Low Volatility
44
Calm price path (market factor)
Momentum
32
Price trend over the last 3–12 months (market factor)
52W Momentum
6
Distance to the 52-week high (market factor)
Net Issuance
0
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−13.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.2%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.4%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 9%
532894 screens overvalued: fair value 75% below the price. Compare with China Yangtze Power Co →
Compare Indowind Energy Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Renewable · 200 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥28.36 | ¥31.20 | +10% |
| Ørsted A/S ORSTED | kr 139.45 | kr 31.40 | −77% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.75 | ¥4.45 | −54% |
| Fortum Oyj FORTUM | €23.42 | €14.06 | −40% |
| Adani Green Energy Limited ADANIGREEN | ₹1,297 | ₹169.61 | −87% |
| SDIC Power Holdings 600886 | ¥14.86 | ¥16.35 | +10% |
| EDP Renewables, S.A EDPR | €12.99 | €3.53 | −73% |
| China Three Gorges Renewables (Group) Co 600905 | ¥3.61 | ¥2.40 | −34% |
| Public Power Corporation PPC | €22.96 | €7.44 | −68% |
| GD Power Development Co 600795 | ¥5.34 | ¥5.99 | +12% |
Explore undervalued stocks
More undervalued Utilities stocks →
All undervalued stocks
TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
🥇 Backtested Best
🏆 Big Names
⭐ Top Rated
💎 Quality on Sale
🚀 Profitable Growth
🧊 Quality Compounders
💵 Dividend Stars
📈 Strong Momentum
📉 Fallen Angels
⚖️ Deeply Undervalued
🔍 Small-Cap Gems
🏰 Moat at a Fair Price
💼 Insider Buying
🎩 Buffett-Style Quality
📚 Peter Lynch GARP
🧮 Greenblatt Magic Formula
🛡️ Graham Defensive
Discover tools
Stock screenerFilter by region, size and sector
Compare toolTwo stocks side by side
Extrinsic Value Calculator…Calculator with industry benchmark
Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
Frequently asked questions
Is Indowind Energy Limited (532894) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹2.12 versus a price of ₹8.42, about −75% upside (overvalued).
What is the fair value of 532894?
Our model-based fair value for Indowind Energy Limited is ₹2.12 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹8.42.
What is the quality score of 532894?
Indowind Energy Limited has a Quality Score of 18/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Indowind Energy Limited (532894)?
Our model-based price target is the fair value of ₹2.12 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario ₹1.90, optimistic scenario ₹2.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Indowind Energy Limited stock forecast for 2026?
Our models put fair value at ₹2.12, about −75% upside versus a price of ₹8.42 (overvalued). Cautious scenario ₹1.90, optimistic scenario ₹2.76. The calculation is refreshed regularly with new filings.
What is the revenue of Indowind Energy Limited (532894)?
Indowind Energy Limited reported trailing-twelve-month revenue of about ₹180M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Indowind Energy Limited (532894)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indowind Energy Limited it is ₹2.12 per share (as of Sep 24, 2026), against a price of ₹8.42. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Indowind Energy Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 532894 trades above its calculated fair value: price ₹8.42, fair value ₹2.12, a gap of about −75% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 532894?
No. The price is what the market pays today (₹8.42); the fair value is what the company's own numbers justify (₹2.12). For Indowind Energy Limited the two are ₹6.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indowind Energy Limited worth?
The market values Indowind Energy Limited at about ₹228M (market capitalisation, as of Sep 24, 2026). Per share that is ₹8.42; our models calculate a fair value of ₹2.12 per share.
What do the bullish and bearish scenarios say about 532894?
Our models span a range for Indowind Energy Limited: cautious scenario ₹1.90, base ₹2.12, optimistic ₹2.76 per share (as of Sep 24, 2026, price ₹8.42). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Indowind Energy Limited (532894)?
Balance-sheet figures for Indowind Energy Limited (as of Sep 24, 2026): debt of 0.00 per unit of equity. They feed the Quality Score of 18/100, which measures business quality independently of the share price.
How far is 532894 from its 52-week high?
Indowind Energy Limited trades at ₹8.42, about 54% below its 52-week high of ₹18.12 and 19% above the low of ₹7.07 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2.12 is for.
Which stocks are comparable to Indowind Energy Limited?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Fortum Oyj, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Indowind Energy Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹8.42, calculated fair value ₹2.12 (−75%), Quality Score 18/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 532894 calculated?
We run Indowind Energy Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹2.12, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Indowind Energy Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Indowind Energy Limited (532894)?
The closing price on Oct 1, 2026 was ₹8.42. Our model-based fair value is ₹2.12, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indowind Energy Limited right now?
The price sits above even our optimistic bull case (₹2.76). The favourable scenario is already priced in. Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Indowind Energy Limited
How large is the market capitalisation of Indowind Energy Limited (532894)?
The market capitalisation of Indowind Energy Limited is ₹228M (≈ $2.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Indowind Energy Limited (532894)?
The price-to-sales ratio of Indowind Energy Limited is 1.27 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indowind Energy Limited (532894)?
Earnings per share at Indowind Energy Limited are ₹−1.11. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Indowind Energy Limited (532894)?
The net margin of Indowind Energy Limited is 3.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Indowind Energy Limited (532894)?
On an EBIT basis the return on assets of Indowind Energy Limited is 0.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Indowind Energy Limited (532894)?
The operating margin of Indowind Energy Limited is −4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indowind Energy Limited (532894)?
Revenue at Indowind Energy Limited is growing −43.6% versus a year earlier (3y avg +10.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
Free · no account needed
Watch Indowind Energy Limited in the live analysis
One click puts Indowind Energy Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.