amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Inox Renewable Solutions Limited Unlisted Shares
DRHP Status : Not Filed
572
Fundamentals About Inox Renewable Solutions Limited
Downloads & Investor Documents
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Key Financials of Inox Renewable Solutions Limited
| 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 |
About Company
Inox Renewable Solutions Limited (IRSL) is a prominent, fast-growing Indian EPC and O&M provider specializing in wind, hybrid, and transmission infrastructure. As a subsidiary of Inox Wind Limited (INOXGFL Group), it focuses on end-to-end project execution. As of early 2026, the company has a strong order book of over 3.1 GW, driving its expansion in renewable infrastructure
The following table shows a 10-point analysis of Inox Renewable Solutions Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | EPC and infrastructure platform | Renewable EPC and infrastructure services company within the INOXGFL renewable energy ecosystem. |
| Industry & Market Position | Part of INOXGFL Group | Operates in the renewable energy infrastructure and EPC segment supporting wind energy projects. |
| Core Services | EPC · infrastructure · site development | Provides engineering, procurement, construction, and infrastructure services for wind energy projects. |
| Group Integration | Subsidiary of Inox Wind | Plays a key role in the wind energy value chain including project execution and infrastructure development. |
| Revenue Contribution | ₹217.98 Cr revenue | Contributed around 6% of consolidated revenue of Inox Wind in FY25. |
| Net Worth | ₹935 Cr | Represents approximately 14% of consolidated net worth of Inox Wind. |
| Business Model | EPC execution platform | Supports wind project execution including common infrastructure facilities and site development. |
| Market Valuation Indicator | ₹7,400 Cr valuation | Stake sale in the company indicated strong investor interest in renewable infrastructure assets. |
| Industry Exposure | Renewable energy infrastructure | Growth tied to expansion of wind and renewable power capacity in India. |
| Future Outlook | Renewable capacity expansion | Increasing renewable energy installations in India can support long-term EPC demand. |
Company Overview
(i) Inox Renewable Solutions Limited is part of the INOXGFL Group’s renewable energy ecosystem and operates as an EPC and infrastructure solutions platform supporting wind energy projects.
(ii) The company was earlier known as Resco Global Wind Services Limited and later rebranded as Inox Renewable Solutions Limited as part of the group’s renewable restructuring strategy.
(iii) The company provides engineering, procurement, and construction (EPC) services, along with infrastructure development for wind power projects across India.
(iv) Its operations include site development, common infrastructure facilities, and project execution services required for wind energy installations.
(v) The company works closely with Inox Wind Limited and other group entities to support wind turbine installation and renewable project execution.
Challenges in Inox Renewable Solutions Limited’s Business
- Dependence on renewable project pipeline: The company’s business is closely linked to the pace of wind energy installations and renewable project development in India.
- Execution and infrastructure risks: Large renewable projects involve complex infrastructure development which can face delays due to land, logistics, or regulatory issues.
- Capital-intensive project execution: EPC and infrastructure services require significant capital deployment and strong project management capabilities.
Financial Review of Inox Renewable Solutions Limited
Here are some highlights of the financial performance of Inox Renewable Solutions Limited over the past few years.
FY25 Performance
• Revenue from operations stood around ₹217.98 crore.
• Total revenue reported was ₹299.93 crore.
• Profit before tax recorded approximately ₹18.18 crore.
• Profit after tax stood around ₹18.18 crore for the financial year.
FY24 Performance
• Revenue from operations reported approximately ₹198.74 crore.
• Total revenue stood around ₹215.54 crore.
• Profit before tax reported near ₹91.18 crore including exceptional items.
• The company reported improved profitability during the year.
Summary
Inox Renewable Solutions Limited is a renewable infrastructure and EPC services company within the INOXGFL Group. The company plays an important role in executing wind energy projects by providing engineering, procurement, construction, and site development services. With India’s renewable energy sector expanding rapidly, the company is positioned to benefit from increasing wind energy installations and renewable infrastructure development.
Click Here to visit the official website of Inox Renewable Solutions Limited.
Promoters of Inox Renewable Solutions Limited
The following are the active promoters/leadership associated with the company:
| Name | Designation | LinkedIn Profile |
|---|---|---|
| Devansh Jain | Director | View Profile |
| Vivek Jain | Director | - |
| Siddharth Jain | Director | - |
Shareholding Pattern of Inox Renewable Solutions Limited
| Name | Holding |
|---|---|
| Inox Wind Limited (Holding Co.) | 91.90% |
| Others | 8.1% |
Promoters of Inox Renewable Solutions Limited
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| Nitesh Kumar | Whole Time Director | 20+ |  |
| Shivan Tandon | CFO | 15+ | |
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Frequently Asked Questions
Inox Renewable Solutions Limited unlisted shares are equity shares of Inox Renewable Solutions Limited that are not listed on NSE or BSE and are traded privately in the unlisted share market.
Yes, investors can buy Inox Renewable Solutions Limited unlisted shares through private market platforms that facilitate transactions in unlisted securities.
Yes, an active demat account is required to hold and receive Inox Renewable Solutions Limited unlisted shares.
Yes, Inox Renewable Solutions Limited unlisted shares can be sold in the private market before a potential IPO depending on buyer availability.
Yes. If Inox Renewable Solutions Limited gets listed in the future, pre-IPO investors are generally subject to a six-month lock-in period after listing as per SEBI regulations.
If Inox Renewable Solutions Limited shares are held for more than two years, gains are taxed at 20 percent with indexation. If sold earlier, gains are treated as short-term capital gains and taxed according to the investor’s income slab.
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