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 ₹ 2,872 Cr.
- Current Price ₹ 2,388
- High / Low ₹ 3,050 / 824
- Stock P/E 468
- Book Value ₹ 853
- Dividend Yield 0.00 %
- ROCE 0.74 %
- ROE 0.63 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Promoter holding has increased by 2.23% over last quarter.
Cons
- Stock is trading at 2.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.3.59 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
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|
6.36 | 16.21 | 12.46 | 10.64 | |
5.18 | 18.59 | 2.65 | 6.11 | |
Operating Profit | 1.18 | -2.38 | 9.81 | 4.53 |
OPM % | 18.55% | -14.68% | 78.73% | 42.58% |
-8.02 | 99.93 | 0.71 | 3.59 | |
Interest | 0.18 | 1.12 | 10.23 | 7.95 |
Depreciation | 5.27 | 2.78 | 2.72 | 2.98 |
Profit before tax | -12.29 | 93.65 | -2.43 | -2.81 |
Tax % | -98.05% | -4.46% | 371.60% | |
-24.34 | 97.83 | 6.60 | 6.15 | |
EPS in Rs | -22.16 | 89.06 | 5.88 | 5.47 |
Dividend Payout % | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 46% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -94% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 138% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|
10.99 | 10.99 | 11.22 | |
Reserves | 825.27 | 923.11 | 946.13 |
0.00 | 40.00 | 0.00 | |
67.51 | 93.66 | 61.99 | |
Total Liabilities | 903.77 | 1,067.76 | 1,019.34 |
70.59 | 53.38 | 32.30 | |
CWIP | 37.82 | 37.82 | 37.82 |
Investments | 24.57 | 855.78 | 855.78 |
770.79 | 120.78 | 93.44 | |
Total Assets | 903.77 | 1,067.76 | 1,019.34 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|
15.11 | 36.93 | -3.50 | |
-14.20 | -99.04 | 41.80 | |
-0.17 | 61.72 | -38.56 | |
Net Cash Flow | 0.75 | -0.39 | -0.26 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|
Debtor Days | 117.65 | 63.05 | 0.00 |
Inventory Days | |||
Days Payable | |||
Cash Conversion Cycle | 117.65 | 63.05 | 0.00 |
Working Capital Days | 27,120.19 | 884.24 | 1,169.11 |
ROCE % | -0.52% | 0.74% |
Formation
The company was formed by the way of a composite scheme of arrangement between GFL Ltd., Inox Renewables Ltd and Inox Wind Energy Ltd.
Part A: GFL's wholly owned subsidiary, Inox Renewables was amalgamated w.e.f. April 2020.