Inox Wind Energy Ltd

Inox Wind Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Inox Wind Energy Ltd

₹ 6,135 3.97%
19 Apr - close price
iwel.co.in BSE: 543297 NSE - BE : 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 - BE
  • Market Cap ₹ 7,392 Cr.
  • Current Price ₹ 6,135
  • High / Low ₹ 7,399 / 1,005
  • Stock P/E
  • Book Value ₹ 1,051
  • Dividend Yield 0.00 %
  • ROCE -9.11 %
  • ROE -29.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.84 times its book value
  • Company has low interest coverage ratio.
  • Company has high debtors of 411 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
205.14 240.29 143.24 162.89 153.01 138.18 211.17 107.65 227.14 188.21 342.19 371.40 504.22
203.25 364.66 147.86 174.76 189.74 420.67 255.81 131.04 411.71 224.77 319.55 344.38 391.40
Operating Profit 1.89 -124.37 -4.62 -11.87 -36.73 -282.49 -44.64 -23.39 -184.57 -36.56 22.64 27.02 112.82
OPM % 0.92% -51.76% -3.23% -7.29% -24.00% -204.44% -21.14% -21.73% -81.26% -19.43% 6.62% 7.28% 22.38%
5.79 81.18 1.61 112.31 33.90 45.26 19.61 0.66 7.79 6.40 3.45 16.63 2.88
Interest 66.41 56.77 48.53 73.08 66.37 83.68 83.13 91.04 92.00 67.45 63.41 62.45 59.56
Depreciation 23.86 23.81 21.65 23.05 26.82 20.93 26.32 24.53 25.64 25.45 26.54 26.94 28.73
Profit before tax -82.59 -123.77 -73.19 4.31 -96.02 -341.84 -134.48 -138.30 -294.42 -123.06 -63.86 -45.74 27.41
Tax % 40.82% 34.05% 38.67% -666.13% 30.21% 25.94% 3.15% 2.78% 2.19% 9.08% -2.55% -24.99% 123.79%
-48.88 -81.63 -44.89 33.02 -67.01 -253.16 -130.24 -134.46 -287.97 -111.88 -65.49 -57.17 -6.52
EPS in Rs -32.84 -19.57 58.54 -32.41 -115.22 -61.72 -64.43 -136.21 -65.67 -32.80 -34.82 -6.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 TTM
716 595 734 1,406
954 964 1,032 1,280
Operating Profit -237 -369 -299 126
OPM % -33% -62% -41% 9%
99 63 53 29
Interest 240 272 341 253
Depreciation 93 91 105 108
Profit before tax -472 -670 -692 -205
Tax % 30% 26% 4%
-331 -495 -664 -241
EPS in Rs -156.80 -257.00 -319.10 -139.81
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 106%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 62%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 496%
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 Sep 2023
Equity Capital 11 11 11 12
Reserves 1,529 1,446 1,040 1,254
1,306 1,758 2,329 2,341
2,782 2,943 2,798 2,871
Total Liabilities 5,628 6,158 6,179 6,478
1,262 1,397 1,651 1,379
CWIP 309 188 163 248
Investments 33 33 1 3
4,024 4,541 4,364 4,849
Total Assets 5,628 6,158 6,179 6,478

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 534 659 411
Inventory Days 1,589
Days Payable 1,558
Cash Conversion Cycle 565 659 411
Working Capital Days 368 555 734
ROCE % -12% -9%

Shareholding Pattern

Numbers in percentages

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.

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Documents

Announcements

Annual reports