Inox Neo Energies Limited
- Unlisted share
- Energy & Power
- ISIN INE1G8T01014
At a glance
Sales
FY26
₹0 Cr
What the company earned from its customers in the year.
Profit
FY26
₹117 Cr
+3469%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹30,381 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹582 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Inox Neo Energies Limited
- ISIN
- INE1G8T01014
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹2,648.25
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Inox Neo Energies Limited
Inox Neo Energies is the renewable power generation (independent power producer) arm of the INOXGFL group, developing and owning wind, solar and hybrid projects largely through project subsidiaries. It is a subsidiary of Inox Clean Energy Limited, which held 87.17% at 31 March 2026, with the balance held by outside investors who came in from December 2024; Inox Clean Energy's promoters are Devansh Jain and Avarna Jain. The company itself is still mainly a holding and financing vehicle, with no operating revenue of its own in FY2025-26.
Written from: inoxclean.com, inoxclean.com, careratings.com
Listing status. Not listed and no IPO filed by this company. Its parent, Inox Clean Energy Limited, has filed a draft red herring prospectus with SEBI for an IPO of up to ₹10,000 crore (₹8,000 crore fresh issue and ₹2,000 crore offer for sale), as reported on 30 September 2026; that filing is for the parent's shares, not Inox Neo Energies'. Business Standard, 30 September 2026
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE1G8T01014
- Year of incorporation
- 2018
- Registered office
- Vadodara, Gujarat (301, ABS Tower, Old Padra Road)
- Parent
- Inox Clean Energy Limited (87.17%, including nominees); INOXGFL group
- Key people
- Whole-time Director: Bharat Nareshkumar Saxena; Director: Manoj Dixit; CFO: Sukant Gupta
- Face value
- ₹1
- Shares outstanding
- 11,47,22,568 shares
- CIN
- U35100GJ2018PLC100585
- Website
- inoxclean.com
Read from: Inox Neo Energies audited standalone financial statements FY2025-26 (Inox Clean Energy website), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
258.6×
At this price you pay ₹258.6 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
52.24×
At this price you pay ₹52.24 for every ₹1 of net worth on the company's books.
Return on equitycalculated
20.1%
For every ₹100 of the owners' money, the company made ₹20.1 of profit in the year.
Debt to equitycalculated
2.28×
The company has borrowed ₹2.28 for every ₹1 of its owners' money.
Lenders and finance companies normally borrow far more than other businesses.
- Indicative price
- ₹2,648.25
- Market valuecalculated
- ₹30,381 Cr
- price × shares
- No. of shares
- 11,47,22,568
- EPS
- ₹10.24
- Book value per share
- ₹50.69
- Face value
- ₹1
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Inox Neo Energies Limited (earlier Inox Neo Energies Private Limited; before that Aliento Wind Energy Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY25 to FY26: ₹0 Cr to ₹0 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY25 to FY26: ₹3.28 Cr to ₹117 Cr.
| Particulars | FY25 | FY26Latest |
|---|---|---|
| Revenue from operations (nil) | 0 | 0 |
| Other income | 5.8 | 226.28▲3801% |
| Total income | 5.8 | 226.28▲3801% |
| Depreciation and amortisation expenses | n/a | 0.16 |
| Finance costs | 1.1 | 32.4▲2845% |
| Profit before tax | 4.09 | 156.7▲3731% |
| Profit for the year | 3.28 | 117.07▲3469% |
| Basic and diluted earnings per share (face value ₹1) (₹) | 0.89 | 10.24▲1051% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Inox Neo Energies audited standalone financial statements FY2025-26 (Inox Clean Energy website).
Credit rating. CARE A-; Stable (CARE Ratings), as cited for Inox Neo Energies in CARE's release on its parent Inox Clean Energy dated 26 June 2025 (26 June 2025) CARE Ratings press release on Inox Clean Energy Limited, 26 June 2025
Ownership
Shareholding pattern
Who owns the company
87.2%Inox Clean Energy Limited (holding company, including nominees)
- Largest holder
- 87.2%
- Top 1 together
- 87.2%
- Holders named
- 1
- Inox Clean Energy Limited (holding company, including nominees)87.17%
- Total87.17%
Read from: Inox Neo Energies audited standalone financial statements FY2025-26 (Inox Clean Energy website)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 2025-0967,34,003 warrants issued at ₹297 each, convertible one-for-one into ₹1 shares within 18 months; 25% of the price (₹50 crore) was received in the period to September 2025 | Preferential issue of warrants | Convertible share warrants | ₹297 | ₹50 Cr |
| 5 May 2025Board resolved to allot 37,03,703 shares of ₹1 at ₹297 each (₹296 premium) for cash | Private placement | Equity shares | ₹297 | Not stated |
| 17 Dec 2024Board resolved to allot 10,94,338 shares of ₹1 at ₹265 each for cash | Private placement | Equity shares | ₹265 | Not stated |
| 13 Dec 2024Board resolved to allot 4,90,566 shares of ₹1 at ₹265 each for cash | Private placement | Equity shares | ₹265 | Not stated |
| 6 Dec 2024Board resolved to allot 94,33,961 shares of ₹1 at ₹265 each (₹264 premium) for cash | Private placement | Equity shares | ₹265 | Not stated |
Read from: Inox Neo Energies audited standalone financial statements FY2025-26 (Inox Clean Energy website)
Leadership
Management
Bharat Nareshkumar Saxena
Whole time Director
Manoj Dixit
Director
Sukant Gupta
CFO
Read from: Inox Neo Energies audited standalone financial statements FY2025-26 (Inox Clean Energy website)
Corporate calendar
Events
- 30 Sept 2026DRHP filing (parent)Parent Inox Clean Energy reported to have filed a draft prospectus with SEBI for an IPO of up to ₹10,000 croreOpen
- 26 Jun 2025Credit ratingCARE's release on the parent cites a CARE A-; Stable rating for Inox Neo Energies and about ₹600 crore raised at its level from private investorsOpen
- 29 Nov 2024Change of parentCeased to be a wholly owned subsidiary of Inox Green Energy Services; now a subsidiary of Inox Clean EnergyOpen
- 20 Nov 2024Share splitEach ₹10 share sub-divided into ten ₹1 shares, approved by the board and at an EGM the same dayOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
- FY2025-26Inox Neo Energies Limited: audited standalone financial statements and auditor's report for the year ended 31 March 2026
- FY2023-24Aliento Wind Energy Private Limited (the company's former name): audited financial statements for the year ended 31 March 2024, listed on the site as Inox Neo Energies financials
- 2025-06CARE Ratings press release: Inox Clean Energy Limited, 26 June 2025
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Inox Neo Energies Limited on WhatsAppIs the price shown for Inox Neo Energies Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Inox Neo Energies Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Inox Neo Energies Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
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GrowFast is not affiliated with, sponsored by or endorsed by Inox Neo Energies Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.