Inox Wind Ltd

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

Inox Wind Ltd

₹ 87.0 0.01%
08 Jun 9:27 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 ₹ 15,037 Cr.
  • Current Price ₹ 87.0
  • High / Low ₹ 186 / 74.9
  • Stock P/E 27.4
  • Book Value ₹ 36.6
  • Dividend Yield 0.00 %
  • ROCE 13.8 %
  • ROE 10.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 36.9% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.73% over last 3 years.
  • Company has high debtors of 363 days.
  • Promoter holding has decreased over last 3 years: -27.8%
  • Working capital days have increased from 216 days to 341 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
153 289 330 495 471 607 678 928 1,286 716 947 1,082 1,151
194 290 319 445 415 509 585 754 1,052 567 767 853 983
Operating Profit -41 -1 11 50 56 98 93 174 234 149 181 229 169
OPM % -27% -0% 3% 10% 12% 16% 14% 19% 18% 21% 19% 21% 15%
7 -15 -14 -11 -115 21 12 4 11 7 178 22 21
Interest 43 41 41 36 30 38 28 30 30 25 38 42 54
Depreciation 12 10 11 10 12 12 13 14 14 14 15 15 16
Profit before tax -88 -67 -54 -7 -101 70 64 134 201 116 306 194 119
Tax % -0% -0% -0% -0% -1% -0% -0% 56% 6% 25% 19% 35% 27%
-88 -67 -54 -7 -100 70 64 59 190 87 247 126 88
EPS in Rs -0.63 -0.49 -0.39 -0.05 -0.72 0.51 0.46 0.42 1.37 0.50 1.43 0.73 0.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,483 3,874 2,853 198 1,345 528 504 518 583 1,587 3,499 3,896
2,035 3,161 2,441 297 1,238 746 716 808 907 1,474 2,903 3,170
Operating Profit 448 714 412 -99 107 -219 -212 -290 -324 113 596 727
OPM % 18% 18% 14% -50% 8% -41% -42% -56% -56% 7% 17% 19%
73 83 120 34 45 63 116 88 263 -152 51 228
Interest 63 103 150 139 112 152 172 183 213 141 123 159
Depreciation 19 30 34 36 38 41 39 38 40 46 54 60
Profit before tax 440 664 348 -240 2 -349 -307 -423 -315 -226 470 736
Tax % 25% 28% 26% -34% 35% -35% -36% -35% -0% -0% 18% 26%
332 476 256 -157 1 -227 -196 -274 -315 -226 384 547
EPS in Rs 3.51 5.05 2.71 -1.66 0.01 -2.40 -2.07 -2.90 -2.27 -1.63 2.77 3.17
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 0%
5 Years: 51%
3 Years: 88%
TTM: 11%
Compounded Profit Growth
10 Years: 2%
5 Years: 37%
3 Years: 55%
TTM: 39%
Stock Price CAGR
10 Years: 4%
5 Years: 32%
3 Years: 34%
1 Year: -52%
Return on Equity
10 Years: 0%
5 Years: 2%
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 222 222 222 222 222 222 222 222 326 391 1,624 1,728
Reserves 1,215 1,687 1,943 1,788 1,789 1,562 1,367 1,094 1,996 2,820 2,895 4,605
873 1,456 1,460 713 741 600 835 1,684 1,465 1,442 1,084 993
764 1,025 784 654 1,019 1,748 1,787 1,466 933 655 1,196 2,033
Total Liabilities 3,074 4,390 4,409 3,377 3,771 4,133 4,210 4,466 4,720 5,307 6,799 9,359
194 358 494 485 466 456 427 390 415 471 532 619
CWIP 14 13 19 9 7 7 3 10 7 45 58 44
Investments 0 568 762 486 492 505 498 1,287 1,458 1,490 1,846 1,836
2,867 3,449 3,135 2,397 2,805 3,165 3,283 2,778 2,839 3,301 4,364 6,860
Total Assets 3,074 4,390 4,409 3,377 3,771 4,133 4,210 4,466 4,720 5,307 6,799 9,359

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-12 -126 81 204 185 326 -104 -542 -700 -514 -8 -697
-241 -1,015 131 538 -129 -82 -33 -67 -240 599 780 -300
957 503 -114 -880 -80 -244 142 604 953 -102 -760 1,015
Net Cash Flow 704 -638 98 -137 -24 -1 5 -4 13 -17 12 18
Free Cash Flow -92 -400 -39 185 170 351 -122 -561 -778 -575 -132 -790
CFO/OP 15% -0% 46% -231% 181% -154% 51% 185% 217% -409% -1% -95%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 194 202 257 2,242 428 944 857 612 462 241 263 363
Inventory Days 25 29 66 3,686 206 569 452 448 471 276 142 221
Days Payable 113 121 123 1,602 249 585 467 280 257 105 126 136
Cash Conversion Cycle 107 110 200 4,326 385 928 842 780 676 412 279 448
Working Capital Days 77 38 71 1,753 219 286 266 -14 -85 138 170 341
ROCE % 30% 27% 14% -3% 4% -8% -6% -9% -3% 3% 12% 14%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
WTG Execution (Annual)
MW

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Order Book
MW
WTG Manufacturing Capacity
MW
O&M Portfolio
GW

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.01% 64.64% 52.87% 52.87% 48.27% 48.27% 48.27% 48.27% 44.18% 44.18% 44.18% 44.18%
2.57% 3.48% 9.49% 9.47% 13.37% 15.82% 15.26% 15.68% 13.78% 13.37% 14.16% 14.60%
0.09% 6.54% 9.88% 10.16% 9.75% 9.09% 9.80% 9.44% 9.12% 9.87% 10.37% 10.96%
25.33% 25.34% 27.76% 27.49% 28.62% 26.83% 26.68% 26.61% 32.93% 32.59% 31.30% 30.25%
No. of Shareholders 53,90670,51287,9021,17,4842,26,9753,27,5163,87,1053,80,2494,23,4644,52,2734,56,8234,73,186

* 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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