Inox Wind Ltd

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

Inox Wind Ltd

₹ 197 -2.64%
13 Dec - 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 ₹ 25,659 Cr.
  • Current Price ₹ 197
  • High / Low ₹ 262 / 93.8
  • Stock P/E 134
  • Book Value ₹ 20.5
  • Dividend Yield 0.00 %
  • ROCE 4.26 %
  • ROE -1.81 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 9.62 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -27.7% over last 3 years.
  • Company has high debtors of 238 days.
  • Promoter holding has decreased over last 3 years: -18.5%

* 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

Part of BSE 250 SmallCap Index BSE Industrials Nifty 500 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
166 152 137 211 107 226 191 349 371 503 528 639 732
163 184 422 239 131 402 218 317 322 411 426 503 559
Operating Profit 3 -32 -285 -28 -24 -175 -27 31 48 93 102 136 173
OPM % 2% -21% -207% -13% -22% -78% -14% 9% 13% 18% 19% 21% 24%
2 34 47 2 0 3 -0 4 16 1 21 15 9
Interest 69 69 83 82 90 94 65 70 64 63 57 58 44
Depreciation 22 26 20 26 24 26 26 29 26 28 30 42 44
Profit before tax -86 -93 -341 -134 -137 -293 -119 -63 -26 3 36 51 94
Tax % -33% -31% -25% -3% -3% -2% 0% 2% 4% 45% -2% 2% 4%
-58 -64 -256 -130 -134 -288 -119 -65 -27 2 37 50 90
EPS in Rs -0.65 -0.70 -2.88 -1.17 -1.20 -2.59 -0.90 -0.49 -0.18 0.01 0.36 0.40 0.71
Raw PDF

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 Mar 2024 TTM
1,059 1,567 2,709 4,445 3,405 465 1,436 760 711 625 733 1,743 2,402
862 1,391 2,284 3,711 2,863 548 1,287 877 902 925 926 1,475 1,898
Operating Profit 196 176 425 734 542 -83 149 -116 -191 -300 -193 269 504
OPM % 19% 11% 16% 17% 16% -18% 10% -15% -27% -48% -26% 15% 21%
5 9 47 48 84 26 23 11 76 19 -65 40 46
Interest 39 46 62 98 155 171 169 244 255 283 327 248 222
Depreciation 9 12 20 35 44 52 66 80 88 89 98 110 144
Profit before tax 154 128 389 649 427 -280 -62 -430 -459 -653 -684 -49 184
Tax % 2% -4% 24% 29% 29% -33% -36% -35% -33% -26% 4% 7%
150 132 296 461 303 -188 -40 -279 -307 -483 -712 -53 179
EPS in Rs 9.40 1.65 3.34 5.20 3.42 -2.11 -0.45 -3.15 -3.44 -5.41 -5.43 -0.31 1.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: 35%
TTM: 111%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: 24%
TTM: 139%
Stock Price CAGR
10 Years: %
5 Years: 86%
3 Years: 82%
1 Year: 93%
Return on Equity
10 Years: -6%
5 Years: -23%
3 Years: -28%
Last Year: -2%

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 Mar 2024 Sep 2024
Equity Capital 40 200 222 222 222 222 222 222 222 222 326 326 1,304
Reserves 256 228 1,170 1,665 1,968 1,782 1,743 1,464 1,094 688 1,387 1,371 1,365
375 557 874 1,457 1,674 1,062 1,305 1,121 1,566 2,637 2,416 3,248 3,543
279 495 930 1,434 1,291 1,032 1,471 2,485 2,582 2,417 1,912 1,849 2,147
Total Liabilities 950 1,480 3,196 4,778 5,155 4,098 4,741 5,292 5,464 5,965 6,041 6,795 8,358
157 174 203 527 765 985 973 1,228 1,191 1,343 1,619 1,813 1,946
CWIP 4 25 49 43 112 20 66 33 230 148 123 266 263
Investments 0 45 0 63 253 0 91 94 33 33 1 0 534
789 1,235 2,944 4,146 4,024 3,094 3,611 3,936 4,010 4,440 4,298 4,716 5,615
Total Assets 950 1,480 3,196 4,778 5,155 4,098 4,741 5,292 5,464 5,965 6,041 6,795 8,358

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 Mar 2024
-121 -76 -106 -163 114 269 147 733 -112 -475 -1,100 -360
-135 -44 -148 -968 -5 332 -264 -346 -49 -74 231 -528
219 120 958 501 19 -760 76 -385 282 486 824 878
Net Cash Flow -37 0 704 -630 128 -159 -40 2 122 -62 -45 -9

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 Mar 2024
Debtor Days 172 165 193 198 255 1,051 414 635 538 627 412 238
Inventory Days 43 105 93 74 133 2,865 411 1,363 733 940 843 441
Days Payable 122 164 155 158 187 1,653 387 1,446 829 663 460 214
Cash Conversion Cycle 93 107 130 115 202 2,263 438 552 442 905 795 465
Working Capital Days 162 134 157 162 212 993 331 133 144 489 745 397
ROCE % 21% 28% 26% 16% -3% 3% -6% -8% -11% -7% 4%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.55% 67.55% 72.24% 72.24% 72.24% 72.01% 72.01% 64.64% 52.87% 52.87% 48.27% 48.27%
2.38% 2.74% 2.20% 2.51% 2.20% 1.89% 2.57% 3.48% 9.49% 9.47% 13.37% 15.82%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 6.54% 9.88% 10.16% 9.75% 9.09%
30.06% 29.70% 25.56% 25.26% 25.56% 26.10% 25.33% 25.34% 27.76% 27.49% 28.62% 26.83%
No. of Shareholders 58,25159,62459,73754,83454,14153,21253,90670,51287,9021,17,4842,26,9753,27,516

* 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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