Inox Wind Energy Ltd
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]
- Market Cap ₹ 12,401 Cr.
- Current Price ₹ 10,293
- High / Low ₹ 14,000 / 7,260
- Stock P/E 14.4
- Book Value ₹ 2,422
- Dividend Yield 0.00 %
- ROCE 34.0 %
- ROE 34.8 %
- Face Value ₹ 10.0
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.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 169% |
| 1 Year: | 32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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 |
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 | 884 | 1,169 | 6,839 | 2,701 |
| ROCE % | -1% | 1% | 0% | 34% |
Documents
Announcements
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Confirmation On Entitlement Of Shares Pursuant To The Scheme Of Arrangement Between Inox Wind Energy Limited And Inox Wind Limited And Their Respective Shareholders
17 Jun - Confirmed share swap ratio: 632 IWL shares per 10 IWEL shares post bonus adjustment.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
13 Jun - Scheme of Arrangement between Inox Wind Energy and Inox Wind effective from 13 June 2025.
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Fixation Of Record Date Pursuant To The Scheme Of Arrangement
11 Jun - Record date fixed for share exchange: 632 IWIL shares per 10 IWEL shares under Scheme.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Jun - NCLT approves merger of IWEL into IWL, reducing liabilities by Rs 2,050 cr and streamlining operations.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
11 Jun - NCLT approves amalgamation of Inox Wind Energy into Inox Wind Limited with share exchange ratio 15:10.
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]