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Vestas Wind Technology India
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Registered Details

VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED

Active

Updated: 23 Oct 2024

The company manufacture and sale of wind turbines and wind power systems.

Vestas Wind Technology India Private Limited, is an unlisted private company incorporated on 07 November, 1996. It is classified as a private limited company and is located in , Tamil Nadu. It's authorized share capital is INR 200.00 cr and the total paid-up capital is INR 193.62 cr.

Industry

Electricity, Gas & Water

Products

wind turbines and wind power systems

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

-16.36%

₹ 3,779.5

EBITDA

17.52%

₹ 302.5

Net Profit

₹ 60.0

Networth

₹ -55.1

Borrowings

-26.04%

₹ 1,418.1

Assets

-15.68%

₹ 3,072.1

Gross Margin

3.89

25.9 %

Operating Margin

2.3

8.0 %

Net Profit Margin

2.05

1.6 %

Return on Equity

- %

ROCE

6.34

23.4 %

Debt to Equity

-8.68

-25.8

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (58)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW INTEREST COVERAGE
LOW CASH BALANCE
CASH DETERIORATING
REVENUE BELOW AVERAGE

Low Risk

REVENUE DECLINE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	5,052.3	3,737.1	4,946.5	4,518.8	3,779.5
Operating profit	238.1	266.6	338.5	257.4	302.5
Net profit	-68.8	-27.4	-418.8	-21.5	60.0
Gross margin	22.4	22.9	20.0	22.1	25.9
Operating margin	4.7	7.1	6.8	5.7	8.0
Net margin	-1.4	-0.7	-8.4	-0.5	1.6
Networth	343.4	318.1	-98.3	-112.2	-55.1
Borrowings	1,867.5	2,278.9	2,281.2	1,917.4	1,418.1
Assets	4,438.9	4,529.6	5,109.1	3,643.4	3,072.1
Debt to equity	5.4	7.2	-23.2	-17.1	-25.8
Current ratio	1.1	1.2	1.0	1.0	1.0
ROE	-20.0	-8.6	-	-	-
Days payable	163.0	128.0	177.0	106.0	125.0
WC days	15.0	55.0	1.0	-4.0	-8.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	193.6	193.6	193.6	193.6	193.6
Reserves	149.8	124.4	-292.0	-305.9	-248.7
Borrowings +	1,867.5	2,278.9	2,281.2	1,917.4	1,418.1
Long term borrowings	787.5	1,308.9	950.0	800.0	600.0
Short term borrowings	1,080.0	970.0	1,331.2	1,117.4	818.1
Trade payables +	1,748.3	1,009.2	1,921.7	1,024.2	956.2
Days payable	163.0	128.0	177.0	106.0	125.0
Other liabilities +	2,228.0	1,932.7	2,926.3	1,838.2	1,709.1
Other non-current liabilities	48.8	274.5	319.4	267.1	334.2
Other current liabilities	430.9	649.0	685.3	547.0	418.7
Total liabilities	4,438.9	4,529.6	5,109.1	3,643.4	3,072.1
Fixed Assets +	715.1	1,153.2	659.9	550.5	731.3
Tangible assets	692.7	935.2	641.8	542.0	722.9
CWIP	22.4	217.9	17.3	7.5	6.5
Intangible assets	-	-	0.8	1.0	1.8
LT loans and advances	24.8	14.5	6.4	-	-
Other non-current assets	235.0	172.0	495.5	454.9	228.4
Current assets +	3,464.0	3,190.0	3,947.4	2,638.0	2,112.4
Inventories	1,669.7	1,296.3	2,260.8	1,167.4	1,047.1
Trade receivables	847.8	456.3	852.0	658.0	662.4
Cash and cash equivalents	131.6	826.4	147.1	265.1	30.0
ST loans and advances	2.2	16.1	2.3	-	-
Other current assets	812.7	594.9	685.2	547.4	372.9
Total assets	4,438.9	4,529.6	5,109.1	3,643.4	3,072.1

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	4.36	4.27	3.79	5.31	6.3
Reserves	3.38	2.75	-5.71	-8.39	-8.09
Borrowings +	42.07	50.31	44.65	52.63	46.16
Long term borrowings	17.74	28.9	18.59	21.96	19.53
Short term borrowings	24.33	21.41	26.05	30.67	26.63
Trade payables	39.39	22.28	37.61	28.11	31.13
Other liabilities +	50.19	42.67	57.28	50.45	55.63
Other non-current liabilities	1.1	6.06	6.25	7.33	10.88
Other current liabilities	9.71	14.33	13.41	15.01	13.63
Total liabilities
Fixed Assets +	16.11	25.46	12.92	15.11	23.8
Tangible assets	15.61	20.65	12.56	14.88	23.53
CWIP	0.5	4.81	0.34	0.2	0.21
Intangible assets	0.0	0.0	0.01	0.03	0.06
LT loans and advances	0.56	0.32	0.12	0.0	0.0
Other non-current assets	5.29	3.8	9.7	12.49	7.44
Current assets +	78.04	70.42	77.26	72.4	68.76
Inventories	37.62	28.62	44.25	32.04	34.08
Trade receivables	19.1	10.07	16.68	18.06	21.56
Cash and cash equivalents	2.96	18.24	2.88	7.28	0.98
ST loans and advances	0.05	0.36	0.04	0.0	0.0
Other current assets	18.31	13.13	13.41	15.02	12.14
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	193.6	193.6	193.6	193.6	193.6
Reserves	146.5	120.5	-295.7	-308.3	-248.7
Borrowings +	1,867.5	2,278.9	2,281.2	1,917.4	1,418.1
Long term borrowings	787.5	1,308.9	950.0	800.0	600.0
Short term borrowings	1,080.0	970.0	1,331.2	1,117.4	818.1
Trade payables +	-	1,009.2	1,921.7	1,024.2	956.2
Days payable	0.0	128.0	177.0	106.0	125.0
Other liabilities +	2,228.1	1,932.7	2,926.3	1,838.4	1,709.1
Other non-current liabilities	48.8	274.5	319.4	267.1	334.2
Other current liabilities	2,179.2	649.0	685.3	547.1	418.7
Total liabilities	4,435.7	4,525.7	5,105.4	3,641.1	3,072.1
Fixed Assets +	715.1	1,153.2	659.9	550.5	731.3
Tangible assets	692.7	935.2	641.8	542.0	722.9
CWIP	22.4	217.9	17.3	7.5	6.5
Intangible assets	-	-	0.8	1.0	1.9
LT loans and advances	23.5	12.6	4.7	-	-
Other non-current assets	235.1	172.2	495.7	454.9	228.3
Current assets +	3,461.9	3,187.8	3,945.1	2,635.8	2,112.5
Inventories	1,669.7	1,296.3	2,260.8	1,167.4	1,047.1
Trade receivables	847.8	456.3	852.0	658.0	662.4
Cash and cash equivalents	131.6	826.4	147.1	265.2	30.1
ST loans and advances	-	13.9	-	-	-
Other current assets	812.8	594.9	685.2	545.2	372.9
Total assets	4,435.7	4,525.7	5,105.4	3,641.1	3,072.1

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	4.36	4.28	3.79	5.32	6.3
Reserves	3.3	2.66	-5.79	-8.47	-8.1
Borrowings +	42.1	50.35	44.68	52.66	46.16
Long term borrowings	17.75	28.92	18.61	21.97	19.53
Short term borrowings	24.35	21.43	26.07	30.69	26.63
Trade payables	0.0	22.3	37.64	28.13	31.13
Other liabilities +	50.23	42.7	57.32	50.49	55.63
Other non-current liabilities	1.1	6.06	6.26	7.33	10.88
Other current liabilities	49.13	14.34	13.42	15.03	13.63
Total liabilities
Fixed Assets +	16.12	25.48	12.93	15.12	23.8
Tangible assets	15.62	20.66	12.57	14.89	23.53
CWIP	0.51	4.82	0.34	0.2	0.21
Intangible assets	0.0	0.0	0.02	0.03	0.06
LT loans and advances	0.53	0.28	0.09	0.0	0.0
Other non-current assets	5.3	3.8	9.71	12.49	7.43
Current assets +	78.05	70.44	77.27	72.39	68.76
Inventories	37.64	28.64	44.28	32.06	34.08
Trade receivables	19.11	10.08	16.69	18.07	21.56
Cash and cash equivalents	2.97	18.26	2.88	7.28	0.98
ST loans and advances	0.0	0.31	0.0	0.0	0.0
Other current assets	18.32	13.15	13.42	14.97	12.14
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	5,052.3	3,737.1	4,946.5	4,518.8	3,779.5
Sales growth %	36.97	-26.03	32.36	-8.65	-16.36
Expenses +	5,117.4	3,806.5	4,939.2	4,585.8	3,762.8
Cost of goods	3,920.0	2,880.9	3,956.8	3,522.6	2,799.0
Employee cost	270.4	270.8	310.0	321.8	363.1
Other costs	623.8	318.8	341.2	417.0	315.0
Operating profit +	238.1	266.6	338.5	257.4	302.5
Operating margin %	4.7	7.1	6.8	5.7	8.0
Other income	10.2	44.4	39.0	75.1	21.7
Interest	185.6	140.9	129.7	152.4	135.7
Depreciation	117.6	195.2	201.6	172.0	150.0
Exceptional items	-	-	-516.4	0.4	26.8
Profit before tax	-54.9	-25.1	-470.2	8.6	65.2
Tax	13.9	2.3	-51.4	30.1	5.2
Profit - disc. ops	-	-	-	-	-
Net profit	-68.8	-27.4	-418.8	-21.5	60.0
Net margin %	-1.4	-0.7	-8.4	-0.5	1.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.8	98.83	99.22	98.37	99.43
Expenses +	101.08	100.66	99.07	99.82	98.99
Cost of goods	77.43	76.18	79.37	76.68	73.63
Employee cost	5.34	7.16	6.22	7.0	9.55
Other costs	12.32	8.43	6.84	9.08	8.29
Operating profit	4.7	7.05	6.79	5.6	7.96
Other income	0.2	1.17	0.78	1.63	0.57
Interest	3.67	3.73	2.6	3.32	3.57
Depreciation	2.32	5.16	4.04	3.74	3.95
Exceptional items	0.0	0.0	-10.36	0.01	0.7
Profit before tax	-1.08	-0.66	-9.43	0.19	1.71
Tax	0.27	0.06	-1.03	0.65	0.14
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-1.36	-0.73	-8.4	-0.47	1.58

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	5,053.2	3,737.1	4,964.5	4,518.8	3,779.5
Sales growth %	36.8	-26.05	32.84	-8.98	-16.36
Expenses +	5,118.7	3,806.6	4,939.3	4,570.6	3,760.5
Cost of goods	3,920.8	2,880.9	3,956.8	3,522.6	2,799.0
Employee cost	270.4	270.8	310.0	321.8	363.1
Other costs	624.3	318.8	341.2	401.8	312.7
Operating profit +	237.7	266.6	356.5	272.6	304.8
Operating margin %	4.7	7.1	7.2	6.0	8.1
Other income	10.3	44.4	21.0	75.1	21.7
Interest	185.6	140.9	129.7	152.4	135.7
Depreciation	117.6	195.2	201.6	172.0	150.0
Exceptional items	-	-0.6	-516.2	-13.4	26.8
Profit before tax	-55.2	-25.7	-470.0	9.9	67.6
Tax	14.0	2.3	-51.4	30.1	5.2
Profit - disc. ops	-	-	-	-	-
Net profit	-70.0	-28.1	-418.6	-20.2	62.4
Net margin %	-1.4	-0.7	-8.4	-0.4	1.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.8	98.83	99.58	98.37	99.43
Expenses +	101.09	100.66	99.07	99.49	98.93
Cost of goods	77.43	76.18	79.37	76.68	73.63
Employee cost	5.34	7.16	6.22	7.0	9.55
Other costs	12.33	8.43	6.84	8.75	8.22
Operating profit	4.69	7.05	7.15	5.93	8.02
Other income	0.2	1.17	0.42	1.63	0.57
Interest	3.67	3.73	2.6	3.32	3.57
Depreciation	2.32	5.16	4.04	3.74	3.95
Exceptional items	0.0	-0.02	-10.35	-0.29	0.7
Profit before tax	-1.09	-0.68	-9.43	0.22	1.78
Tax	0.28	0.06	-1.03	0.65	0.14
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-1.38	-0.74	-8.4	-0.44	1.64

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	5.4	7.2	-23.2	-17.1	-25.8
Net Debt/Equity	5.0	4.6	-21.7	-14.7	-25.2
Total Debt/Assets	0.4	0.5	0.5	0.5	0.5
Total Assets/Equity	12.9	14.2	-52.0	-32.5	-55.8
Liquidity +
Current Ratio	1.1	1.2	1.0	1.0	1.0
Quick Ratio	0.6	0.7	0.4	0.6	0.5
Interest Coverage	1.3	1.9	2.6	1.7	2.2
Performance
Gross Margin	22.4	22.9	20.0	22.1	25.9
Operating Margin	4.7	7.1	6.8	5.7	8.0
Net Margin	-1.4	-0.7	-8.4	-0.5	1.6
Return +
Return on Equity	-20.0	-8.6	-	-	-
Pre-tax ROCE	13.1	4.2	20.5	17.1	23.4
Return on Assets	-1.6	-0.6	-8.2	-0.6	1.9
Pre-tax ROIC	5.8	4.0	6.7	5.5	11.4
Efficiency +
Days Payable	163.0	128.0	177.0	106.0	125.0
Days Inventory	155.0	164.0	209.0	121.0	137.0
Days Receivable	61.0	45.0	63.0	53.0	64.0
Fixed Asset Turnover	7.1	3.2	7.5	8.2	5.2
Total Asset Turnover	1.1	0.8	1.0	1.2	1.2
Working Capital
Cash Conversion Cycle	53.0	81.0	95.0	68.0	76.0
Working Capital Days	15.0	55.0	1.0	-4.0	-8.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	5.5	7.2	-22.3	-16.7	-25.7
Net Debt/Equity	5.1	4.6	-20.9	-14.4	-25.2
Total Debt/Assets	0.4	0.5	0.5	0.5	0.5
Total Assets/Equity	13.0	14.4	-50.0	-31.8	-55.8
Liquidity +
Current Ratio	1.1	1.2	1.0	1.0	1.0
Quick Ratio	0.6	0.7	0.4	0.6	0.5
Interest Coverage	1.3	1.9	2.8	1.8	2.2
Performance
Gross Margin	22.4	22.9	20.3	22.1	25.9
Operating Margin	4.7	7.1	7.2	6.0	8.1
Net Margin	-1.4	-0.7	-8.4	-0.4	1.6
Return +
Return on Equity	-20.6	-8.9	-	-	-
Pre-tax ROCE	13.1	4.2	23.2	20.2	23.8
Return on Assets	-1.6	-0.6	-8.2	-0.6	2.0
Pre-tax ROIC	5.8	4.0	7.6	6.5	11.6
Efficiency +
Days Payable	0.0	128.0	177.0	106.0	125.0
Days Inventory	155.0	164.0	209.0	121.0	137.0
Days Receivable	61.0	45.0	63.0	53.0	64.0
Fixed Asset Turnover	7.1	3.2	7.5	8.2	5.2
Total Asset Turnover	1.1	0.8	1.0	1.2	1.2
Working Capital
Cash Conversion Cycle	216.0	81.0	95.0	68.0	76.0
Working Capital Days	15.0	55.0	1.0	-4.0	-8.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 20.0 cr

Charge Holder	Amount	Date of creation/modification
The Hongkong and Shanghai Banking Corporation Limited	20.0 cr	10 Dec, 2018

Charges

The Hongkong and Shanghai Banking Corporation Limited

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Kolappan Govindaraj	03480986	7 years
Managing Director	Purvinkumar Madhusudan Patel	03540607	4 years
Whole-time Director	Pokala Madhava Krishna	07684615	8 years
Director	Amar Harishchandra Variawa	10344714	2 years
Kmp	Subramanyam Palla	<HIDDEN>	17 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
NEGM INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Active	1.0 L	1	Tamil Nadu
B.B. HILLS WINDFARM DEVELOPMENT PRIVATE LIMITED	Active	5.0 L	1	Tamil Nadu
CHITRADURGA WIND POWER PRIVATE LIMITED	Active	1.0 L	1	Tamil Nadu
JANGI WINDFARM DEVELOPMENT PRIVATE LIMITED	Active	1.0 L	1	Tamil Nadu
MALGATTI WINDPOWER PRIVATE LIMITED	Active	1.0 L	1	Karnataka
BELLARY WINDPOWER PRIVATE LIMITED	Active	1.0 L	1	Karnataka
VESTAS TECHNOLOGY R&D CHENNAI PRIVATE LIMITED	Active	4.0 Cr	1	Tamil Nadu

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
NEGM INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Tamil Nadu	2000	₹ 1.0 L
B.B. HILLS WINDFARM DEVELOPMENT PRIVATE LIMITED	Tamil Nadu	2001	₹ 5.0 L
CHITRADURGA WIND POWER PRIVATE LIMITED	Tamil Nadu	2002	₹ 1.0 L
MALGATTI WINDPOWER PRIVATE LIMITED	India	-	-
BELLARY WINDPOWER PRIVATE LIMITED	India	-	-
JANGI WINDFARM DEVELOPMENT PRIVATE LIMITED	Tamil Nadu	2011	₹ 1.0 L

Registered Details

CIN

U40101TN1996PTC036871

PAN

AAACA9274F

Incorporation

1996, 28.4 years

Company Email

supal@vestas.com

Paid up Capital

₹ 193.6 Cr

Authorised Capital

₹ 200.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED

What is the incorporation date of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED?

The incorporation date of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED is 07 November, 1996

What is the authorized share capital of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED?

The authorized share capital of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED is INR ₹ 200.0 Cr.

What is the paid-up capital of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED?

The paid-up capital of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED is INR ₹ 193.6 Cr.

What is the registered address of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED?

The registered address of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED is Survey No. 141/14A, Radial IT Park Tower-1, 8th & 9th Floor, 200 Feet Radial Road, Zamin Pallavaram Keelakattalai Tambaram Kanchipuram Tamil Nadu - 600117

What is the CIN number of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED?

The CIN number of VESTAS WIND TECHNOLOGY INDIA PRIVATE LIMITED is U40101TN1996PTC036871.

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Balance Sheet

Total assets

Profit & Loss

Revenue from operations

Ratios

Ratios

Charges on assets

Charges

People

Company Network