Inox Wind Energy Ltd(Merged)

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

Inox Wind Energy Ltd(Merged)

₹ 10,293 -2.18%
19 Jun 2025
iwel.co.in NSE: IWEL
About

Inox Wind Energy Ltd is engaged in generation and sale of wind energy, provide services for Erection, procurement and commissioning (EPC) of wind farms and holding strategic business interest in renewables.[1]

Key Points

Parentage
The company is a part of the INOXGFL Group, a leading Indian conglomerate having a strong footprint in the Chemicals and Renewable Energy sectors. The group has 4 listed entities with a market cap of US$ 10 billion. [1]

Website NSE
  • Market Cap ₹ 12,401 Cr.
  • Current Price ₹ 10,293
  • High / Low ₹ 12,079 / 8,260
  • Stock P/E 14.4
  • Book Value ₹ 2,422
  • Dividend Yield 0.00 %
  • ROCE 34.0 %
  • ROE 34.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.25 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Earnings include an other income of Rs.878 Cr.
  • Working capital days have increased from 1,777 days to 2,615 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

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
2.00 2.44 2.60 2.25 4.81 1.75 2.30 4.95 5.13 7.04 3.35 3.15 2.82
1.01 0.37 0.31 1.35 0.66 3.47 0.91 1.88 3.55 2.29 7.60 3.36 1.28
Operating Profit 0.99 2.07 2.29 0.90 4.15 -1.72 1.39 3.07 1.58 4.75 -4.25 -0.21 1.54
OPM % 49.50% 84.84% 88.08% 40.00% 86.28% -98.29% 60.43% 62.02% 30.80% 67.47% -126.87% -6.67% 54.61%
0.18 0.22 0.40 0.30 0.17 1.33 273.87 783.10 0.84 878.23 0.00 0.06 0.00
Interest 1.07 2.28 2.51 2.63 2.81 0.00 0.00 0.00 0.29 2.74 0.99 0.00 0.00
Depreciation 0.68 0.71 0.67 0.69 0.65 0.68 0.69 0.69 0.69 0.68 0.71 0.70 0.70
Profit before tax -0.58 -0.70 -0.49 -2.12 0.86 -1.07 274.57 785.48 1.44 879.56 -5.95 -0.85 0.84
Tax % -563.79% -34.29% -48.98% -98.11% -752.33% -15.89% 3.51% 4.22% -40.28% 1.40% -3.36% -22.35% -17.86%
2.69 -0.46 -0.25 -0.04 7.33 -0.90 264.93 752.37 2.02 867.22 -5.75 -0.66 0.99
EPS in Rs 2.45 -0.42 -0.23 -0.04 6.54 -0.80 220.78 626.98 1.68 722.68 -4.79 -0.55 0.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6 16 12 14 16
5 19 3 10 15
Operating Profit 1 -2 10 5 2
OPM % 19% -15% 79% 32% 11%
-8 100 1 1,059 878
Interest 0 1 10 0 4
Depreciation 5 3 3 3 3
Profit before tax -12 94 -2 1,060 874
Tax % 98% -4% -372% 4% 1%
-24 98 7 1,018 862
EPS in Rs -22.13 88.94 5.89 848.01 718.19
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 0%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 768%
TTM: 19943%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 115%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 18%
Last Year: 35%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 11 11 12 12
Reserves 825 946 964 2,033 2,895
0 40 0 205 4
68 71 44 81 90
Total Liabilities 904 1,068 1,019 2,331 3,001
71 53 32 30 28
CWIP 38 38 38 38 50
Investments 25 856 856 1,952 2,783
771 121 93 311 140
Total Assets 904 1,068 1,019 2,331 3,001

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
15 37 -4 -7 -18
-14 -99 42 -250 222
-0 62 -39 257 -205
Net Cash Flow 1 -0 -0 -0 0
Free Cash Flow 23 39 6 -7 848
CFO/OP 1,356% -1,606% -49% -123% -845%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 118 63 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 118 63 0 0 0
Working Capital Days 27,120 -16 1,169 1,547 2,615
ROCE % -1% 1% 0% 34%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Manufacturing Capacity
MW Per Annum

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Operations & Maintenance (O&M) Portfolio
MW
Order Book
MW
WTGs Sold/Supplied
MW

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
68.72% 68.73% 68.73% 67.28% 67.26% 69.50% 69.50% 69.50% 69.50% 69.50% 69.50% 69.50%
5.77% 5.37% 5.37% 5.27% 5.22% 4.87% 3.75% 2.64% 3.13% 3.53% 3.89% 3.70%
3.12% 3.12% 2.36% 2.30% 2.20% 2.00% 1.55% 0.81% 0.70% 0.95% 1.87% 2.52%
22.39% 22.79% 23.53% 25.15% 25.32% 23.63% 25.20% 27.03% 26.66% 26.02% 24.74% 24.28%
No. of Shareholders 11,33211,30111,21910,59011,30111,80513,58916,27916,78718,10117,95417,393

* 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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Documents

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