Inox Wind Ltd

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

Inox Wind Ltd

₹ 640 -0.85%
26 Apr 12:16 p.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
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. [1]

Website BSE NSE
  • Market Cap ₹ 20,861 Cr.
  • Current Price ₹ 640
  • High / Low ₹ 675 / 103
  • Stock P/E
  • Book Value ₹ 67.5
  • Dividend Yield 0.00 %
  • ROCE -2.92 %
  • ROE -17.2 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 9.50 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -15.8% over last 3 years.
  • Company has high debtors of 462 days.
  • Promoter holding has decreased over last 3 years: -20.5%

* 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
157.64 151.57 122.30 231.03 94.85 70.06 172.77 80.73 176.62 153.21 288.62 330.13 494.75
183.98 250.75 143.14 260.39 123.73 282.87 216.00 117.48 374.68 195.36 289.91 318.65 444.59
Operating Profit -26.34 -99.18 -20.84 -29.36 -28.88 -212.81 -43.23 -36.75 -198.06 -42.15 -1.29 11.48 50.16
OPM % -16.71% -65.44% -17.04% -12.71% -30.45% -303.75% -25.02% -45.52% -112.14% -27.51% -0.45% 3.48% 10.14%
10.84 65.31 18.75 7.19 32.78 31.69 3.86 5.59 240.65 8.76 -15.14 -13.96 -11.02
Interest 48.10 38.63 41.37 45.89 43.18 52.70 52.31 59.71 58.33 43.09 40.57 40.99 35.52
Depreciation 9.79 9.62 9.64 9.69 9.66 9.47 9.09 9.48 10.30 11.56 10.36 10.52 10.47
Profit before tax -73.39 -82.12 -53.10 -77.75 -48.94 -243.29 -100.77 -100.35 -26.04 -88.04 -67.36 -53.99 -6.85
Tax % 34.90% 35.00% 34.92% 34.92% 35.55% 35.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-47.78 -53.38 -34.56 -50.60 -31.54 -156.95 -100.77 -100.35 -26.04 -88.04 -67.36 -53.99 -6.85
EPS in Rs -2.15 -2.41 -1.56 -2.28 -1.42 -7.07 -3.63 -3.62 -0.94 -2.70 -2.07 -1.66 -0.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
622 999 1,397 2,483 3,874 2,853 198 1,345 528 504 518 583 1,267
480 808 1,212 2,035 3,161 2,441 297 1,238 746 716 808 907 1,249
Operating Profit 142 191 185 448 714 412 -99 107 -219 -212 -290 -324 18
OPM % 23% 19% 13% 18% 18% 14% -50% 8% -41% -42% -56% -56% 1%
0 6 20 73 83 120 34 45 63 116 88 263 -31
Interest 15 39 46 63 103 150 139 112 152 172 183 213 160
Depreciation 8 9 11 19 30 34 36 38 41 39 38 40 43
Profit before tax 119 150 146 440 664 348 -240 2 -349 -307 -423 -315 -216
Tax % 16% 1% 1% 25% 28% 26% 34% 35% 35% 36% 35% 0%
100 148 145 332 476 256 -157 1 -227 -196 -274 -315 -216
EPS in Rs 33.28 36.90 7.25 14.94 21.47 11.55 -7.08 0.06 -10.23 -8.82 -12.33 -9.67 -6.64
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: 24%
3 Years: 3%
TTM: 153%
Compounded Profit Growth
10 Years: %
5 Years: -59%
3 Years: -14%
TTM: 57%
Stock Price CAGR
10 Years: %
5 Years: 58%
3 Years: 100%
1 Year: 520%
Return on Equity
10 Years: 0%
5 Years: -11%
3 Years: -16%
Last Year: -17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 30 40 200 222 222 222 222 222 222 222 222 326 326
Reserves 105 253 238 1,215 1,687 1,943 1,788 1,789 1,562 1,367 1,094 1,996 1,875
Preference Capital 0 0 0 0 0 0 0 0 0 0 918 0
120 375 557 873 1,456 1,460 713 741 600 835 766 1,465 1,910
154 239 379 764 1,025 784 654 1,019 1,748 1,787 2,385 933 825
Total Liabilities 409 907 1,373 3,074 4,390 4,409 3,377 3,771 4,133 4,210 4,466 4,720 4,936
123 152 165 194 358 494 485 466 456 427 390 415 404
CWIP 20 3 8 14 13 19 9 7 7 3 10 7 7
Investments 0 0 45 0 568 762 486 492 505 498 1,287 1,458 1,460
267 751 1,156 2,867 3,449 3,135 2,397 2,805 3,165 3,283 2,778 2,839 3,065
Total Assets 409 907 1,373 3,074 4,390 4,409 3,377 3,771 4,133 4,210 4,466 4,720 4,936

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
58 -91 94 -12 -126 81 204 185 326 -104 -542 -700
-32 -166 -215 -241 -1,015 131 538 -129 -82 -33 -67 360
11 219 121 957 503 -114 -880 -80 -244 142 604 353
Net Cash Flow 38 -38 0 704 -638 98 -137 -24 -1 5 -4 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 43 164 147 194 202 257 2,242 428 944 857 612 462
Inventory Days 85 38 43 25 29 66 3,686 206 569 452 448 471
Days Payable 93 103 111 113 121 123 1,602 249 585 467 280 257
Cash Conversion Cycle 36 99 79 107 110 200 4,326 385 928 842 780 676
Working Capital Days 39 160 164 190 168 241 2,645 379 639 727 455 727
ROCE % 70% 41% 23% 30% 27% 14% -3% 4% -8% -6% -9% -3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.39% 66.82% 67.55% 67.55% 72.24% 72.24% 72.24% 72.01% 72.01% 64.64% 52.87% 52.87%
2.07% 2.27% 2.38% 2.74% 2.20% 2.51% 2.20% 1.89% 2.57% 3.48% 9.49% 9.47%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 6.54% 9.88% 10.16%
24.54% 30.91% 30.06% 29.70% 25.56% 25.26% 25.56% 26.10% 25.33% 25.34% 27.76% 27.49%
No. of Shareholders 47,29352,14758,25159,62459,73754,83454,14153,21253,90670,51287,9021,17,484

* 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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