Inox Wind Energy Ltd

Inox Wind Energy Ltd

₹ 7,095 -0.43%
14 Jun - close price
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 8,547 Cr.
  • Current Price 7,095
  • High / Low 8,049 / 2,015
  • Stock P/E
  • Book Value 1,537
  • Dividend Yield 0.00 %
  • ROCE 4.15 %
  • ROE -4.60 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.61 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -17.7% over last 3 years.
  • Company has high debtors of 238 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

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
240 143 163 153 138 211 108 227 186 342 371 504 528
365 148 175 190 421 256 131 412 218 320 344 391 429
Operating Profit -124 -5 -12 -37 -282 -45 -23 -185 -32 23 27 113 99
OPM % -52% -3% -7% -24% -204% -21% -22% -81% -17% 7% 7% 22% 19%
81 2 112 34 45 20 1 8 -1 3 17 3 23
Interest 57 49 73 66 84 83 91 92 63 63 62 60 55
Depreciation 24 22 23 27 21 26 25 26 23 27 27 29 30
Profit before tax -124 -73 4 -96 -342 -134 -138 -294 -118 -64 -46 27 37
Tax % 34% 39% -666% 30% 26% 3% 3% 2% 4% -3% -25% 124% -2%
-82 -45 33 -67 -253 -130 -134 -288 -113 -65 -57 -7 38
EPS in Rs -32.84 -19.57 58.54 -32.41 -115.22 -61.72 -64.43 -136.21 -65.57 -32.80 -34.82 -6.52 15.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
716 595 734 1,746
954 964 1,032 1,484
Operating Profit -237 -369 -299 262
OPM % -33% -62% -41% 15%
99 63 53 46
Interest 240 272 341 240
Depreciation 93 91 105 113
Profit before tax -472 -670 -692 -45
Tax % 30% 26% 4% -104%
-331 -495 -664 -91
EPS in Rs -156.80 -257.00 -319.10 -56.04
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 35%
TTM: 138%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: 82%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 213%
1 Year: 225%
Return on Equity
10 Years: %
5 Years: %
3 Years: -18%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 11 12
Reserves 1,529 1,446 1,040 1,840
1,306 1,758 2,329 2,078
2,782 2,943 2,798 2,959
Total Liabilities 5,628 6,158 6,179 6,889
1,262 1,397 1,651 1,843
CWIP 309 188 163 304
Investments 33 33 1 0
4,024 4,541 4,364 4,742
Total Assets 5,628 6,158 6,179 6,889

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-96 -385 -1,103 -155
3 -11 258 274
217 334 800 -129
Net Cash Flow 123 -63 -45 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 534 659 411 238
Inventory Days 1,589 441
Days Payable 1,558 214
Cash Conversion Cycle 565 659 411 464
Working Capital Days 368 555 734 413
ROCE % -12% -9%

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.

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