Inox Wind Ltd
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.
- Market Cap ₹ 17,001 Cr.
- Current Price ₹ 522
- High / Low ₹ 648 / 91.3
- Stock P/E
- Book Value ₹ 50.6
- Dividend Yield 0.00 %
- ROCE -8.37 %
- ROE -50.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 10.3 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -11.8%
- The company has delivered a poor sales growth of 9.65% over past five years.
- Company has a low return on equity of -36.9% over last 3 years.
- Company has high debtors of 410 days.
- Working capital days have increased from 458 days to 741 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,059 | 1,567 | 2,709 | 4,445 | 3,405 | 465 | 1,436 | 760 | 711 | 625 | 737 | 1,408 | |
862 | 1,391 | 2,284 | 3,711 | 2,863 | 548 | 1,287 | 877 | 902 | 925 | 998 | 1,272 | |
Operating Profit | 196 | 176 | 425 | 734 | 542 | -83 | 149 | -116 | -191 | -300 | -261 | 137 |
OPM % | 19% | 11% | 16% | 17% | 16% | -18% | 10% | -15% | -27% | -48% | -35% | 10% |
5 | 9 | 47 | 48 | 84 | 26 | 23 | 11 | 76 | 19 | 19 | 24 | |
Interest | 39 | 46 | 62 | 98 | 155 | 171 | 169 | 244 | 255 | 283 | 341 | 261 |
Depreciation | 9 | 12 | 20 | 35 | 44 | 52 | 66 | 80 | 88 | 89 | 106 | 109 |
Profit before tax | 154 | 128 | 389 | 649 | 427 | -280 | -62 | -430 | -459 | -653 | -689 | -209 |
Tax % | 2% | -4% | 24% | 29% | 29% | 33% | 36% | 35% | 33% | 26% | 3% | |
150 | 132 | 296 | 461 | 303 | -188 | -40 | -279 | -307 | -483 | -671 | -209 | |
EPS in Rs | 37.58 | 6.61 | 13.36 | 20.78 | 13.67 | -8.45 | -1.78 | -12.60 | -13.77 | -21.64 | -20.46 | -6.28 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | 10% |
3 Years: | -1% |
TTM: | 107% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 75% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 51% |
3 Years: | 93% |
1 Year: | 454% |
Return on Equity | |
---|---|
10 Years: | -5% |
5 Years: | -23% |
3 Years: | -37% |
Last Year: | -50% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 40 | 200 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 326 | 326 |
Reserves | 256 | 228 | 1,170 | 1,665 | 1,968 | 1,782 | 1,743 | 1,464 | 1,094 | 688 | 1,410 | 1,323 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 918 | 0 | |
375 | 557 | 874 | 1,457 | 1,674 | 1,062 | 1,305 | 1,121 | 1,566 | 1,719 | 2,416 | 2,726 | |
279 | 495 | 930 | 1,434 | 1,291 | 1,032 | 1,471 | 2,485 | 2,582 | 3,335 | 1,930 | 2,008 | |
Total Liabilities | 950 | 1,480 | 3,196 | 4,778 | 5,155 | 4,098 | 4,741 | 5,292 | 5,464 | 5,965 | 6,082 | 6,382 |
157 | 174 | 203 | 527 | 765 | 985 | 973 | 1,228 | 1,191 | 1,343 | 1,619 | 1,348 | |
CWIP | 4 | 25 | 49 | 43 | 112 | 20 | 66 | 33 | 230 | 148 | 123 | 210 |
Investments | 0 | 45 | 0 | 63 | 253 | 0 | 91 | 94 | 33 | 33 | 1 | 3 |
789 | 1,235 | 2,944 | 4,146 | 4,024 | 3,094 | 3,611 | 3,936 | 4,010 | 4,440 | 4,340 | 4,821 | |
Total Assets | 950 | 1,480 | 3,196 | 4,778 | 5,155 | 4,098 | 4,741 | 5,292 | 5,464 | 5,965 | 6,082 | 6,382 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-121 | -76 | -106 | -163 | 114 | 269 | 147 | 733 | -112 | -475 | -1,100 | |
-135 | -44 | -148 | -968 | -5 | 332 | -264 | -346 | -49 | -74 | 231 | |
219 | 120 | 958 | 501 | 19 | -760 | 76 | -385 | 282 | 486 | 824 | |
Net Cash Flow | -37 | 0 | 704 | -630 | 128 | -159 | -40 | 2 | 122 | -62 | -45 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 172 | 165 | 193 | 198 | 255 | 1,051 | 414 | 635 | 538 | 627 | 410 |
Inventory Days | 43 | 105 | 93 | 74 | 133 | 2,865 | 411 | 1,363 | 733 | 940 | 843 |
Days Payable | 122 | 164 | 155 | 158 | 187 | 1,653 | 387 | 1,446 | 829 | 663 | 460 |
Cash Conversion Cycle | 93 | 107 | 130 | 115 | 202 | 2,263 | 438 | 552 | 442 | 905 | 792 |
Working Capital Days | 162 | 134 | 157 | 162 | 212 | 993 | 331 | 133 | 144 | 489 | 741 |
ROCE % | 21% | 28% | 26% | 16% | -3% | 3% | -6% | -8% | -11% | -8% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Mar
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 9 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Feb
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 Feb - Transcript of Conference Call held with Investors/Analysts on 9th February, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 Feb - Transcript of Conference Call held with Investors /Analysts on 9th February, 2024
Annual reports
Concalls
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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]