| P&L Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 55 | 199 | 218 |
| Cost of Material Consumed | 77 | 92 | 74 |
| Change in Inventory | -34 | 28 | 16 |
| Gross Margins | 21.82 | 39.7 | 58.72 |
| Employee Benefit Expenses | 6.6 | 6.5 | 8 |
| Other Expenses | 31 | 4.4 | 24 |
| EBITDA | -25.6 | 68.1 | 96 |
| OPM | -46.55 | 34.22 | 44.04 |
| Other Income | 4 | 142 | 82 |
| Finance Cost | 67.6 | 103 | 83 |
| D&A | 0.4 | 15.5 | 76 |
| EBIT | -26 | 52.6 | 20 |
| EBIT Margins | -47.27 | 26.43 | 9.17 |
| PBT | -89 | 91 | 18 |
| PBT Margins | -161.82 | 45.73 | 8.26 |
| Tax | 0 | 0 | 0 |
| PAT | -89 | 91 | 18 |
| NPM | -161.82 | 45.73 | 8.26 |
| EPS | -6.63 | 6.78 | 1.11 |
| Financial Ratios | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Profit Margin | -46.55 | 34.22 | 44.04 |
| Net Profit Margin | -161.82 | 45.73 | 8.26 |
| Earning Per Share (Diluted) | -6.63 | 6.78 | 1.11 |
| Assets | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fixed Assets | 138 | 645 | 1082 |
| CWIP | 109 | 252 | 231 |
| Investments | 0 | 0 | 0 |
| Trade Receivables | 251 | 155 | 183 |
| Inventory | 405 | 346 | 369 |
| Other Assets | 313 | 135 | 241 |
| Total Assets | 1216 | 1533 | 2106 |
| Liabilities | 2023 | 2024 | 2025 |
|---|---|---|---|
| Share Capital | 134.26 | 134.26 | 161.94 |
| FV | 10 | 10 | 10 |
| Reserves | -40 | 52 | 773 |
| Borrowings | 716 | 946 | 739 |
| Trade Payables | 238 | 243 | 223 |
| Other Liabilities | 167.74 | 157.74 | 209.06 |
| Total Liabilities | 1216 | 1533 | 2106 |
| Cash-Flow Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| PBT | -89 | 91 | 18 |
| OPBWC | -3.5 | 71 | 180 |
| Change in Receivables | 14.17 | 4.7 | -40 |
| Change in Inventories | 3.6 | 59.5 | -23 |
| Change in Payables | -67.4 | 4.7 | -20 |
| Other Changes | -60.57 | 19.1 | -0.6 |
| Working Capital Change | -110.2 | 88 | -83.6 |
| Cash Generated From Operations | -113.7 | 159 | 96.4 |
| Tax | -2 | -3.7 | -10.8 |
| Cash Flow From Operations | -115.7 | 155.3 | 85.6 |
| Purchase of PPE | -239 | -453 | -492 |
| Sale of PPE | 0.3 | 0 | 0 |
| Cash Flow From Investment | -394.8 | -283.6 | -549.7 |
| Borrowing | 344 | 230 | 181 |
| Dividend | 0 | 0 | 0 |
| Equity | 217.43 | 0 | 350 |
| Others From Financing | -67.73 | -102 | -65.3 |
| Cash Flow from Financing | 493.7 | 128 | 465.7 |
| Net Cash Generated | -16.8 | -0.3 | 1.6 |
| Cash at the Start | 17.17 | 0.44 | 0.19 |
| Cash at the End | 0.37 | 0.14 | 1.79 |
Inox Renewable Solutions Limited (IRSL) is an important part of the INOX Group’s clean energy ecosystem, focused on driving the development and implementation of renewable power projects across India. The company plays a strategic role in supporting the group’s mission to expand sustainable energy solutions, particularly in wind power, solar installations, and hybrid renewable systems. Leveraging the INOX Group’s engineering expertise and industry experience, IRSL is involved in project planning, land acquisition, regulatory clearances, and coordination with utilities and developers. Its focus on high-quality project execution, site optimization, and energy yield enhancement positions the company as a reliable partner in India's growing renewable energy landscape.
From a business operations standpoint, Inox Renewable Solutions Limited works across the full lifecycle of renewable energy project development. This includes detailed resource assessment, designing layouts for maximum generation, securing long-term power purchase agreements (PPAs), and supervising installation and commissioning activities. The company also collaborates with equipment manufacturers, EPC contractors, and financial institutions to ensure smooth and cost-efficient project delivery. IRSL’s emphasis on data-driven planning, modern technology, and robust project management helps reduce project risk and enhance long-term performance. As India accelerates its clean energy transition, the company’s role in facilitating scalable renewable assets becomes increasingly important.
In the unlisted market, Inox Renewable Solutions Limited attracts investor interest due to the rapid expansion of India’s renewable energy sector and the strong backing of the INOX Group. The company operates in a high-growth environment supported by favorable government policies, rising corporate demand for green power, and increasing investment in sustainable infrastructure. Investors see IRSL as a well-positioned entity capable of capturing long-term opportunities in wind, solar, and hybrid projects. Its asset-light, service-focused model also allows for steady revenue generation without the heavy capital burden typical of renewable asset ownership. For investors seeking exposure to India’s clean energy development and long-term sustainability trends, the unlisted shares of Inox Renewable Solutions Limited offer an attractive and forward-looking investment opportunity.
1. What are Inox Renewable Solutions unlisted shares?
These are equity shares of Inox Renewable Solutions Limited that are not listed on stock exchanges like NSE or BSE and are traded privately through off-market transactions.
2. What does Inox Renewable Solutions Limited do?
The company operates in the renewable energy sector, primarily offering services related to wind energy, including operations, maintenance, and infrastructure support for wind turbine generators.
3. Why are investors interested in Inox Renewable Solutions unlisted shares?
Interest is driven by:
4. How can one buy Inox Renewable Solutions unlisted shares?
Investors can acquire these shares via:
Shares are transferred to the investor’s Demat account via off-market transactions.
5. What is the typical minimum investment?
Minimum investment depends on the broker and deal size, usually ranging from ?50,000 to several lakhs depending on availability and negotiated pricing.
6. What factors affect the share price?
Key valuation drivers include:
7. Is there any IPO plan for Inox Renewable Solutions Limited?
As of now, there is no confirmed IPO timeline publicly disclosed. However, investor interest often increases if there are expectations of future listing or restructuring within the group.
8. What are the risks of investing in these unlisted shares?
Major risks include:
9. How are these shares taxed?
10. How are shares transferred after purchase?
Shares are credited to the buyer’s Demat account through an off-market transfer process using a Delivery Instruction Slip (DIS) or electronic transfer facility.