Inox Wind Energy Ltd

Inox Wind Energy Ltd

₹ 1,623 2.09%
06 Jun 3:41 p.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 1,821 Cr.
  • Current Price 1,623
  • High / Low 1,732 / 426
  • Stock P/E
  • Book Value 952
  • Dividend Yield 0.00 %
  • ROCE -10.7 %
  • ROE -30.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.44%
  • Contingent liabilities of Rs.1,950 Cr.
  • Company has high debtors of 411 days.
  • Working capital days have increased from 653 days to 1,034 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
64 208 205 240 143 163 153 138 212 109 227 188
95 320 203 365 148 175 190 421 238 132 411 225
Operating Profit -31 -113 2 -124 -5 -12 -37 -282 -27 -23 -185 -37
OPM % -49% -54% 1% -52% -3% -7% -24% -204% -13% -21% -81% -19%
5 37 6 81 2 112 34 45 2 5 12 6
Interest 60 57 66 57 49 73 66 84 83 95 95 67
Depreciation 23 23 24 24 22 23 27 21 27 26 27 25
Profit before tax -109 -156 -83 -124 -73 4 -96 -342 -134 -139 -295 -123
Tax % 7% 36% 41% 34% 39% -666% 30% 26% 3% 4% 3% 9%
Net Profit -102 -99 -49 -82 -45 33 -67 -253 -130 -134 -288 -112
EPS in Rs -32.84 -19.57 58.54 -32.41 -115.22 -61.73 -64.07 -136.21 -65.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
716 598 734
954 966 1,035
Operating Profit -237 -368 -301
OPM % -33% -62% -41%
99 225 55
Interest 240 272 341
Depreciation 93 92 105
Profit before tax -472 -507 -692
Tax % 30% 34% 4%
Net Profit -331 -332 -664
EPS in Rs -156.80 -108.66 -322.17
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 200%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
11 11 11
Reserves 1,529 1,446 1,058
1,306 1,758 2,932
2,782 2,943 2,182
Total Liabilities 5,628 6,158 6,183
1,262 1,397 1,651
CWIP 309 188 163
Investments 33 33 1
4,024 4,541 4,368
Total Assets 5,628 6,158 6,183

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
-96 -385 -1,103
3 -11 258
217 334 800
Net Cash Flow 123 -63 -45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 534 656 411
Inventory Days 1,589 843
Days Payable 1,558 1
Cash Conversion Cycle 565 656 1,253
Working Capital Days 368 558 1,034
ROCE % -14% -11%

Shareholding Pattern

Numbers in percentages

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
68.72 68.72 68.72 68.72 68.72 68.73 68.73 67.28
4.05 6.14 5.78 5.78 5.77 5.37 5.37 5.27
4.68 3.25 3.12 3.12 3.12 3.12 2.36 2.30
0.45 0.45 0.45 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

* 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.

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