Inox Wind Ltd

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

Inox Wind Ltd

₹ 187 1.32%
10 Jun - close price
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 ₹ 24,345 Cr.
  • Current Price ₹ 187
  • High / Low ₹ 262 / 130
  • Stock P/E 54.6
  • Book Value ₹ 38.7
  • Dividend Yield 0.00 %
  • ROCE 11.5 %
  • ROE 13.2 %
  • 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 29.1% CAGR over last 5 years

Cons

  • Stock is trading at 4.82 times its book value
  • Company has a low return on equity of -3.54% over last 3 years.
  • Company has high debtors of 276 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

Consolidated Figures in Rs. Crores / View Standalone

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
137 211 107 226 191 349 371 503 528 639 732 911 1,275
422 239 131 402 218 317 322 411 429 503 559 707 1,021
Operating Profit -285 -28 -24 -175 -27 31 48 93 99 136 173 204 254
OPM % -207% -13% -22% -78% -14% 9% 13% 18% 19% 21% 24% 22% 20%
47 2 0 3 -0 4 16 1 21 15 9 68 36
Interest 83 82 90 94 65 70 64 63 57 58 44 34 35
Depreciation 20 26 24 26 26 29 26 28 30 42 44 47 48
Profit before tax -341 -134 -137 -293 -119 -63 -26 3 31 51 94 190 208
Tax % -25% -3% -3% -2% 0% 2% 4% 45% -4% 2% 4% 42% 8%
-256 -130 -134 -288 -119 -65 -27 2 33 50 90 110 190
EPS in Rs -2.88 -1.17 -1.20 -2.59 -0.90 -0.49 -0.18 0.01 0.36 0.40 0.71 0.89 1.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,567 2,709 4,445 3,405 465 1,436 760 711 625 733 1,743 3,557
1,391 2,284 3,711 2,863 548 1,287 877 902 925 926 1,475 2,800
Operating Profit 176 425 734 542 -83 149 -116 -191 -300 -193 269 757
OPM % 11% 16% 17% 16% -18% 10% -15% -27% -48% -26% 15% 21%
9 47 48 84 26 23 11 76 19 -65 40 134
Interest 46 62 98 155 171 169 244 255 283 327 248 169
Depreciation 12 20 35 44 52 66 80 88 89 98 110 182
Profit before tax 128 389 649 427 -280 -62 -430 -459 -653 -684 -49 539
Tax % -4% 24% 29% 29% -33% -36% -35% -33% -26% 4% 7% 19%
132 296 461 303 -188 -40 -279 -307 -483 -712 -53 438
EPS in Rs 1.65 3.34 5.20 3.42 -2.11 -0.45 -3.15 -3.44 -5.41 -5.43 -0.31 3.44
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 36%
3 Years: 79%
TTM: 104%
Compounded Profit Growth
10 Years: 4%
5 Years: 29%
3 Years: 43%
TTM: 1543%
Stock Price CAGR
10 Years: 6%
5 Years: 90%
3 Years: 102%
1 Year: 25%
Return on Equity
10 Years: -4%
5 Years: -11%
3 Years: -4%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 228 1,170 1,665 1,968 1,782 1,743 1,464 1,094 688 1,387 1,371 3,423
557 874 1,457 1,674 1,062 1,305 1,121 1,566 2,637 2,416 3,248 1,500
495 930 1,434 1,291 1,032 1,471 2,485 2,582 2,417 1,912 1,849 2,248
Total Liabilities 1,480 3,196 4,778 5,155 4,098 4,741 5,292 5,464 5,965 6,041 6,795 8,795
174 203 527 765 985 973 1,228 1,191 1,343 1,619 1,813 2,291
CWIP 25 49 43 112 20 66 33 230 148 123 266 296
Investments 45 0 63 253 0 91 94 33 33 1 0 446
1,235 2,944 4,146 4,024 3,094 3,611 3,936 4,010 4,440 4,298 4,716 5,763
Total Assets 1,480 3,196 4,778 5,155 4,098 4,741 5,292 5,464 5,965 6,041 6,795 8,795

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-76 -106 -163 114 269 147 733 -112 -475 -1,100 -360 138
-44 -148 -968 -5 332 -264 -346 -49 -74 231 -528 -406
120 958 501 19 -760 76 -385 282 486 824 878 277
Net Cash Flow 0 704 -630 128 -159 -40 2 122 -62 -45 -9 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 165 193 198 255 1,051 414 635 538 627 412 238 276
Inventory Days 105 93 74 133 2,865 411 1,363 733 940 843 441 238
Days Payable 164 155 158 187 1,653 387 1,446 829 663 460 214 188
Cash Conversion Cycle 107 130 115 202 2,263 438 552 442 905 795 465 326
Working Capital Days 134 157 162 212 993 331 133 144 489 745 397 330
ROCE % 21% 28% 26% 16% -3% 3% -6% -8% -11% -7% 4% 11%

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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