Inox Wind Ltd

Inox Wind Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Inox Wind Ltd

₹ 174 -0.66%
26 Jun 10:31 a.m.
inoxwind.com BSE: 539083 NSE: INOXWIND
About

Inox Wind Limited is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. [1] Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions.

Key Points

Products[1]
The Co. manufactures and distributes wind turbine generator components such as nacelles, hubs, rotor blade sets, and tubular towers, as well as offers wind resource assessment, site acquisition, infrastructure development, and operations and maintenance(O&M) of wind power projects. Some of its products include Inox DF 93, Inox DF 100 & Inox DF 113. It is amongst the few wind OEMs in India offering plug & play turnkey solutions and post-commissioning O&M services; Product portfolio includes 2MW & 3MW WTGs (under production) & 4MW (license secured). ** Company is planning for Commercial launch of 4.X MW WTG platform**.[2]

Website BSE NSE
  • Market Cap ₹ 22,725 Cr.
  • Current Price ₹ 174
  • High / Low ₹ 262 / 130
  • Stock P/E 57.5
  • Book Value ₹ 34.7
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 12.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.1% CAGR over last 5 years

Cons

  • Stock is trading at 5.06 times its book value
  • Company has a low return on equity of 0.92% over last 3 years.
  • Company has high debtors of 263 days.
  • Promoter holding has decreased over last 3 years: -19.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap Nifty Energy

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
70 173 81 177 153 289 330 495 471 607 676 928 1,286
283 216 117 375 194 290 319 445 415 509 577 754 1,052
Operating Profit -213 -43 -37 -198 -41 -1 11 50 56 98 98 174 234
OPM % -304% -25% -46% -112% -27% -0% 3% 10% 12% 16% 15% 19% 18%
32 4 6 241 7 -15 -14 -11 -115 21 12 4 11
Interest 53 52 60 58 43 41 41 36 30 38 28 30 30
Depreciation 9 9 9 10 12 10 11 10 12 12 12 14 14
Profit before tax -243 -101 -100 -26 -88 -67 -54 -7 -101 70 70 134 201
Tax % -35% 0% 0% 0% 0% 0% 0% 0% -1% 0% 0% 56% 6%
-157 -101 -100 -26 -88 -67 -54 -7 -100 70 70 59 190
EPS in Rs -1.77 -0.91 -0.90 -0.23 -0.68 -0.52 -0.41 -0.05 -0.77 0.54 0.54 0.45 1.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,397 2,483 3,874 2,853 198 1,345 528 504 518 583 1,584 3,499
1,212 2,035 3,161 2,441 297 1,238 746 716 808 907 1,464 2,903
Operating Profit 185 448 714 412 -99 107 -219 -212 -290 -324 120 596
OPM % 13% 18% 18% 14% -50% 8% -41% -42% -56% -56% 8% 17%
20 73 83 120 34 45 63 116 88 263 -158 51
Interest 46 63 103 150 139 112 152 172 183 213 149 123
Depreciation 11 19 30 34 36 38 41 39 38 40 43 54
Profit before tax 146 440 664 348 -240 2 -349 -307 -423 -315 -230 470
Tax % 1% 25% 28% 26% -34% 35% -35% -36% -35% 0% 0% 18%
145 332 476 256 -157 1 -227 -196 -274 -315 -230 384
EPS in Rs 1.81 3.74 5.37 2.89 -1.77 0.01 -2.56 -2.21 -3.08 -2.42 -1.77 2.95
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 46%
3 Years: 89%
TTM: 121%
Compounded Profit Growth
10 Years: 2%
5 Years: 30%
3 Years: 51%
TTM: 2713%
Stock Price CAGR
10 Years: 5%
5 Years: 77%
3 Years: 105%
1 Year: 23%
Return on Equity
10 Years: 0%
5 Years: -4%
3 Years: 1%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 200 222 222 222 222 222 222 222 222 326 326 1,624
Reserves 238 1,215 1,687 1,943 1,788 1,789 1,562 1,367 1,094 1,996 1,765 2,895
557 873 1,456 1,460 713 741 600 835 1,684 1,465 2,564 1,084
379 764 1,025 784 654 1,019 1,748 1,787 1,466 933 636 1,198
Total Liabilities 1,373 3,074 4,390 4,409 3,377 3,771 4,133 4,210 4,466 4,720 5,291 6,802
165 194 358 494 485 466 456 427 390 415 441 532
CWIP 8 14 13 19 9 7 7 3 10 7 7 58
Investments 45 0 568 762 486 492 505 498 1,287 1,458 1,457 1,846
1,156 2,867 3,449 3,135 2,397 2,805 3,165 3,283 2,778 2,839 3,386 4,366
Total Assets 1,373 3,074 4,390 4,409 3,377 3,771 4,133 4,210 4,466 4,720 5,291 6,802

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
94 -12 -126 81 204 185 326 -104 -542 -700 -507 -8
-215 -241 -1,015 131 538 -129 -82 -33 -67 -240 -416 780
121 957 503 -114 -880 -80 -244 142 604 953 906 -760
Net Cash Flow 0 704 -638 98 -137 -24 -1 5 -4 13 -17 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 147 194 202 257 2,242 428 944 857 612 462 241 263
Inventory Days 43 25 29 66 3,686 206 569 452 448 471 276 142
Days Payable 111 113 121 123 1,602 249 585 467 280 257 105 126
Cash Conversion Cycle 79 107 110 200 4,326 385 928 842 780 676 412 279
Working Capital Days 164 190 168 241 2,645 379 639 727 455 727 440 279
ROCE % 23% 30% 27% 14% -3% 4% -8% -6% -9% -3% 3% 12%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.24% 72.24% 72.24% 72.01% 72.01% 64.64% 52.87% 52.87% 48.27% 48.27% 48.27% 48.27%
2.20% 2.51% 2.20% 1.89% 2.57% 3.48% 9.49% 9.47% 13.37% 15.82% 15.26% 15.68%
0.00% 0.00% 0.00% 0.00% 0.09% 6.54% 9.88% 10.16% 9.75% 9.09% 9.80% 9.44%
25.56% 25.26% 25.56% 26.10% 25.33% 25.34% 27.76% 27.49% 28.62% 26.83% 26.68% 26.61%
No. of Shareholders 59,73754,83454,14153,21253,90670,51287,9021,17,4842,26,9753,27,5163,87,1053,80,249

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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