Inox Wind Energy Ltd

Inox Wind Energy Ltd

₹ 7,179 1.14%
19 Jun 10:28 a.m.
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

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.

  • Market Cap 8,648 Cr.
  • Current Price 7,179
  • High / Low 8,049 / 2,015
  • Stock P/E 8.49
  • Book Value 1,698
  • Dividend Yield 0.00 %
  • ROCE 66.2 %
  • ROE 67.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.7%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Earnings include an other income of Rs.1,059 Cr.
  • Working capital days have increased from 3,212 days to 7,583 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1.31 1.59 1.66 1.17 2.00 2.44 2.60 2.25 4.81 1.75 2.30 4.95 5.13
5.44 7.57 16.63 5.79 1.01 0.37 0.31 1.35 0.66 3.47 0.91 1.88 3.55
Operating Profit -4.13 -5.98 -14.97 -4.62 0.99 2.07 2.29 0.90 4.15 -1.72 1.39 3.07 1.58
OPM % -315.27% -376.10% -901.81% -394.87% 49.50% 84.84% 88.08% 40.00% 86.28% -98.29% 60.43% 62.02% 30.80%
29.06 4.84 115.55 2.34 0.18 0.22 0.40 0.30 0.17 1.33 273.87 783.10 0.84
Interest 0.00 0.00 0.01 0.04 1.07 2.28 2.51 2.63 2.81 0.00 0.00 0.00 0.29
Depreciation 0.95 0.96 0.96 0.97 0.68 0.71 0.67 0.69 0.65 0.68 0.69 0.69 0.69
Profit before tax 23.98 -2.10 99.61 -3.29 -0.58 -0.70 -0.49 -2.12 0.86 -1.07 274.57 785.48 1.44
Tax % -1.08% 15.71% -0.33% 7.90% 563.79% 34.29% 48.98% 98.11% -752.33% 15.89% 3.51% 4.22% -40.28%
24.24 -1.77 99.94 -3.03 2.69 -0.46 -0.25 -0.04 7.33 -0.90 264.93 752.37 2.02
EPS in Rs 22.07 -1.61 90.98 -2.76 2.45 -0.42 -0.23 -0.04 6.53 -0.80 219.90 624.50 1.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 16 12 14
5 19 3 10
Operating Profit 1 -2 10 4
OPM % 19% -15% 79% 31%
-8 100 1 1,059
Interest 0 1 10 0
Depreciation 5 3 3 3
Profit before tax -12 94 -2 1,060
Tax % -98% -4% 372% 4%
-24 98 7 1,018
EPS in Rs -22.16 89.06 5.88 844.66
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 188%
TTM: 16888%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 203%
1 Year: 216%
Return on Equity
10 Years: %
5 Years: %
3 Years: 31%
Last Year: 68%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 11 12
Reserves 825 923 946 2,033
0 40 0 205
68 94 62 81
Total Liabilities 904 1,068 1,019 2,331
71 53 32 30
CWIP 38 38 38 38
Investments 25 856 856 1,952
771 121 93 311
Total Assets 904 1,068 1,019 2,331

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 37 -4 -7
-14 -99 42 -250
-0 62 -39 257
Net Cash Flow 1 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 118 63 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 118 63 0 0
Working Capital Days 27,120 884 1,169 7,583
ROCE % -1% 1%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.72% 68.72% 68.72% 68.72% 68.72% 68.73% 68.73% 67.28% 67.26% 69.50% 69.50% 69.50%
4.05% 6.14% 5.78% 5.78% 5.77% 5.37% 5.37% 5.27% 5.22% 4.87% 3.75% 2.64%
4.68% 3.25% 3.12% 3.12% 3.12% 3.12% 2.36% 2.30% 2.20% 2.00% 1.55% 0.81%
0.45% 0.45% 0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
22.10% 21.44% 21.93% 22.37% 22.39% 22.79% 23.53% 25.15% 25.32% 23.63% 25.20% 27.03%
No. of Shareholders 12,89212,19111,70511,47411,33211,30111,21910,59011,30111,80513,58916,279

* 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.

Click on the line-items to see the names of individual entities.

Documents