Inox Wind Energy Ltd

₹ 899 -3.81%
03 Feb - close price
iwel.co.in BSE: 543297 NSE : IWEL
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.

Website BSE NSE
  • Market Cap ₹ 987 Cr.
  • Current Price ₹ 899
  • High / Low ₹ 1,223 / 426
  • Stock P/E
  • Book Value ₹ 1,130
  • Dividend Yield 0.00 %
  • ROCE -14.4 %
  • ROE -13.0 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.80 times its book value

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.1,950 Cr.
  • Company has high debtors of 656 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.

Peer comparison

Sector: Power Generation & Distribution Industry: Power Generation And Supply

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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
64 208 205 240 143 163 153 139 212 109
95 320 203 365 148 175 190 420 238 132
Operating Profit -31 -113 2 -124 -5 -12 -37 -281 -27 -23
OPM % -49% -54% 1% -52% -3% -7% -24% -202% -13% -21%
5 37 6 81 2 112 34 44 2 5
Interest 60 57 66 57 49 73 66 84 83 95
Depreciation 23 23 24 24 22 23 27 21 27 26
Profit before tax -109 -156 -83 -124 -73 4 -96 -342 -134 -139
Tax % 7% 36% 41% 34% 39% -666% 30% 26% 3% 4%
Net Profit -102 -99 -49 -82 -45 33 -67 -253 -130 -134
EPS in Rs -32.84 -19.57 58.54 -32.41 -115.22 -61.73 -64.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 TTM
716 598 612
954 966 979
Operating Profit -237 -368 -367
OPM % -33% -62% -60%
99 225 85
Interest 240 272 328
Depreciation 93 92 101
Profit before tax -472 -507 -711
Tax % 30% 34%
Net Profit -331 -332 -584
EPS in Rs -156.80 -108.66 -273.43
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -486%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 19%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Sep 2022
11 11 11
Reserves 1,529 1,361 1,230
1,306 1,758 1,863
2,782 3,028 3,042
Total Liabilities 5,628 6,158 6,146
1,262 1,397 1,459
CWIP 309 188 174
Investments 33 33 0
4,024 4,541 4,512
Total Assets 5,628 6,158 6,146

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022
-96 -385
3 -11
217 334
Net Cash Flow 123 -63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
68.72 68.72 68.72 68.72 68.72 68.73 68.73
4.05 6.14 5.78 5.78 5.77 5.37 5.37
4.68 3.25 3.12 3.12 3.12 3.12 2.36
0.45 0.45 0.45 0.00 0.00 0.00 0.00
22.10 21.44 21.93 22.37 22.39 22.79 23.53

* 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.

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Documents

Announcements

Annual reports