Inox Wind Ltd

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

Inox Wind Ltd

₹ 629 3.16%
18 May - close price
inoxwind.com BSE: 539083 NSE: INOXWIND
About

Inox Wind Limited is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. [1] Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions.

Key Points

Products[1]
The Co. manufactures and distributes wind turbine generator components such as nacelles, hubs, rotor blade sets, and tubular towers, as well as offers wind resource assessment, site acquisition, infrastructure development, and operations and maintenance(O&M) of wind power projects. Some of its products include Inox DF 93, Inox DF 100 & Inox DF 113. It is amongst the few wind OEMs in India offering plug & play turnkey solutions and post-commissioning O&M services; Product portfolio includes 2MW & 3MW WTGs (under production) & 4MW (license secured). ** Company is planning for Commercial launch of 4.X MW WTG platform**.[2]

Website BSE NSE
  • Market Cap ₹ 20,499 Cr.
  • Current Price ₹ 629
  • High / Low ₹ 663 / 111
  • Stock P/E
  • Book Value ₹ 52.1
  • Dividend Yield 0.00 %
  • ROCE 4.25 %
  • ROE -1.71 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 12.1 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -28.0% over last 3 years.
  • Company has high debtors of 238 days.
  • Promoter holding has decreased over last 3 years: -20.5%

* 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: Capital Goods - Electrical Equipment Industry: Electric Equipment

Edit Columns
Loading peers table ...

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
239 169 166 152 137 211 107 226 191 341 371 503 528
359 168 163 184 422 239 131 402 218 316 322 411 426
Operating Profit -120 1 3 -32 -285 -28 -24 -175 -27 25 48 93 102
OPM % -50% 1% 2% -21% -207% -13% -22% -78% -14% 7% 13% 18% 19%
56 1 2 34 47 2 0 3 -0 2 16 1 21
Interest 61 63 69 69 83 82 90 94 65 64 64 63 57
Depreciation 23 20 22 26 20 26 24 26 26 26 26 28 30
Profit before tax -148 -80 -86 -93 -341 -134 -137 -293 -119 -63 -26 3 36
Tax % 28% 35% 33% 31% 25% 3% 3% 2% -0% -3% -4% 45% -2%
-106 -53 -58 -64 -256 -130 -134 -288 -119 -65 -27 2 37
EPS in Rs -4.70 -2.36 -2.58 -2.80 -11.52 -4.66 -4.79 -10.36 -3.60 -1.96 -0.74 0.03 1.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,059 1,567 2,709 4,445 3,405 465 1,436 760 711 625 737 1,743
862 1,391 2,284 3,711 2,863 548 1,287 877 902 925 998 1,475
Operating Profit 196 176 425 734 542 -83 149 -116 -191 -300 -261 269
OPM % 19% 11% 16% 17% 16% -18% 10% -15% -27% -48% -35% 15%
5 9 47 48 84 26 23 11 76 19 19 40
Interest 39 46 62 98 155 171 169 244 255 283 341 248
Depreciation 9 12 20 35 44 52 66 80 88 89 106 110
Profit before tax 154 128 389 649 427 -280 -62 -430 -459 -653 -689 -49
Tax % 2% -4% 24% 29% 29% 33% 36% 35% 33% 26% 3% -7%
150 132 296 461 303 -188 -40 -279 -307 -483 -671 -53
EPS in Rs 37.58 6.61 13.36 20.78 13.67 -8.45 -1.78 -12.60 -13.77 -21.64 -20.46 -1.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: 35%
TTM: 137%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 24%
TTM: 96%
Stock Price CAGR
10 Years: %
5 Years: 59%
3 Years: 102%
1 Year: 453%
Return on Equity
10 Years: -6%
5 Years: -24%
3 Years: -28%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 40 200 222 222 222 222 222 222 222 222 326 326
Reserves 256 228 1,170 1,665 1,968 1,782 1,743 1,464 1,094 688 1,410 1,371
Preference Capital 0 0 0 0 0 0 0 0 0 918 0
375 557 874 1,457 1,674 1,062 1,305 1,121 1,566 1,719 2,416 3,248
279 495 930 1,434 1,291 1,032 1,471 2,485 2,582 3,335 1,930 1,849
Total Liabilities 950 1,480 3,196 4,778 5,155 4,098 4,741 5,292 5,464 5,965 6,082 6,795
157 174 203 527 765 985 973 1,228 1,191 1,343 1,619 1,813
CWIP 4 25 49 43 112 20 66 33 230 148 123 266
Investments 0 45 0 63 253 0 91 94 33 33 1 0
789 1,235 2,944 4,146 4,024 3,094 3,611 3,936 4,010 4,440 4,340 4,716
Total Assets 950 1,480 3,196 4,778 5,155 4,098 4,741 5,292 5,464 5,965 6,082 6,795

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-121 -76 -106 -163 114 269 147 733 -112 -475 -1,100 -147
-135 -44 -148 -968 -5 332 -264 -346 -49 -74 231 -740
219 120 958 501 19 -760 76 -385 282 486 824 878
Net Cash Flow -37 0 704 -630 128 -159 -40 2 122 -62 -45 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 172 165 193 198 255 1,051 414 635 538 627 410 238
Inventory Days 43 105 93 74 133 2,865 411 1,363 733 940 843 441
Days Payable 122 164 155 158 187 1,653 387 1,446 829 663 460 214
Cash Conversion Cycle 93 107 130 115 202 2,263 438 552 442 905 792 465
Working Capital Days 162 134 157 162 212 993 331 133 144 489 741 420
ROCE % 21% 28% 26% 16% -3% 3% -6% -8% -11% -8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.39% 66.82% 67.55% 67.55% 72.24% 72.24% 72.24% 72.01% 72.01% 64.64% 52.87% 52.87%
2.07% 2.27% 2.38% 2.74% 2.20% 2.51% 2.20% 1.89% 2.57% 3.48% 9.49% 9.47%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 6.54% 9.88% 10.16%
24.54% 30.91% 30.06% 29.70% 25.56% 25.26% 25.56% 26.10% 25.33% 25.34% 27.76% 27.49%
No. of Shareholders 47,29352,14758,25159,62459,73754,83454,14153,21253,90670,51287,9021,17,484

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls