Inox Wind Ltd
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.
- Market Cap ₹ 20,170 Cr.
- Current Price ₹ 155
- High / Low ₹ 262 / 124
- Stock P/E 75.4
- Book Value ₹ 17.1
- Dividend Yield 0.00 %
- ROCE 3.17 %
- ROE -0.69 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 8.99 times its book value
- Company has a low return on equity of -11.0% over last 3 years.
- Company has high debtors of 241 days.
- Promoter holding has decreased over last 3 years: -19.3%
* 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
Part of BSE Allcap Nifty Total Market BSE Capital Goods BSE Industrials BSE SmallCap Select Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
999 | 1,397 | 2,483 | 3,874 | 2,853 | 198 | 1,345 | 528 | 504 | 518 | 583 | 1,584 | 2,681 | |
808 | 1,212 | 2,035 | 3,161 | 2,441 | 297 | 1,238 | 746 | 716 | 808 | 907 | 1,464 | 2,248 | |
Operating Profit | 191 | 185 | 448 | 714 | 412 | -99 | 107 | -219 | -212 | -290 | -324 | 120 | 432 |
OPM % | 19% | 13% | 18% | 18% | 14% | -50% | 8% | -41% | -42% | -56% | -56% | 8% | 16% |
6 | 20 | 73 | 83 | 120 | 34 | 45 | 63 | 116 | 88 | 263 | -158 | -81 | |
Interest | 39 | 46 | 63 | 103 | 150 | 139 | 112 | 152 | 172 | 183 | 213 | 149 | 130 |
Depreciation | 9 | 11 | 19 | 30 | 34 | 36 | 38 | 41 | 39 | 38 | 40 | 43 | 49 |
Profit before tax | 150 | 146 | 440 | 664 | 348 | -240 | 2 | -349 | -307 | -423 | -315 | -230 | 173 |
Tax % | 1% | 1% | 25% | 28% | 26% | -34% | 35% | -35% | -36% | -35% | -0% | -0% | |
148 | 145 | 332 | 476 | 256 | -157 | 1 | -227 | -196 | -274 | -315 | -230 | 97 | |
EPS in Rs | 9.22 | 1.81 | 3.74 | 5.37 | 2.89 | -1.77 | 0.01 | -2.56 | -2.21 | -3.08 | -2.42 | -1.77 | 0.75 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 3% |
3 Years: | 46% |
TTM: | 112% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 24% |
TTM: | 262% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 102% |
3 Years: | 77% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -11% |
3 Years: | -11% |
Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 40 | 200 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 326 | 326 | 1,304 |
Reserves | 253 | 238 | 1,215 | 1,687 | 1,943 | 1,788 | 1,789 | 1,562 | 1,367 | 1,094 | 1,996 | 1,765 | 930 |
375 | 557 | 873 | 1,456 | 1,460 | 713 | 741 | 600 | 835 | 1,684 | 1,465 | 2,564 | 3,106 | |
239 | 379 | 764 | 1,025 | 784 | 654 | 1,019 | 1,748 | 1,787 | 1,466 | 933 | 636 | 964 | |
Total Liabilities | 907 | 1,373 | 3,074 | 4,390 | 4,409 | 3,377 | 3,771 | 4,133 | 4,210 | 4,466 | 4,720 | 5,291 | 6,303 |
152 | 165 | 194 | 358 | 494 | 485 | 466 | 456 | 427 | 390 | 415 | 441 | 470 | |
CWIP | 3 | 8 | 14 | 13 | 19 | 9 | 7 | 7 | 3 | 10 | 7 | 7 | 19 |
Investments | 0 | 45 | 0 | 568 | 762 | 486 | 492 | 505 | 498 | 1,287 | 1,458 | 1,457 | 1,916 |
751 | 1,156 | 2,867 | 3,449 | 3,135 | 2,397 | 2,805 | 3,165 | 3,283 | 2,778 | 2,839 | 3,386 | 3,898 | |
Total Assets | 907 | 1,373 | 3,074 | 4,390 | 4,409 | 3,377 | 3,771 | 4,133 | 4,210 | 4,466 | 4,720 | 5,291 | 6,303 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-91 | 94 | -12 | -126 | 81 | 204 | 185 | 326 | -104 | -542 | -700 | -507 | |
-166 | -215 | -241 | -1,015 | 131 | 538 | -129 | -82 | -33 | -67 | -240 | -416 | |
219 | 121 | 957 | 503 | -114 | -880 | -80 | -244 | 142 | 604 | 953 | 906 | |
Net Cash Flow | -38 | 0 | 704 | -638 | 98 | -137 | -24 | -1 | 5 | -4 | 13 | -17 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 164 | 147 | 194 | 202 | 257 | 2,242 | 428 | 944 | 857 | 612 | 462 | 241 |
Inventory Days | 38 | 43 | 25 | 29 | 66 | 3,686 | 206 | 569 | 452 | 448 | 471 | 276 |
Days Payable | 103 | 111 | 113 | 121 | 123 | 1,602 | 249 | 585 | 467 | 280 | 257 | 105 |
Cash Conversion Cycle | 99 | 79 | 107 | 110 | 200 | 4,326 | 385 | 928 | 842 | 780 | 676 | 412 |
Working Capital Days | 160 | 164 | 190 | 168 | 241 | 2,645 | 379 | 639 | 727 | 455 | 727 | 440 |
ROCE % | 41% | 23% | 30% | 27% | 14% | -3% | 4% | -8% | -6% | -9% | -3% | 3% |
Documents
Announcements
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Closure of Trading Window
31 Mar - Closure of trading window until financial results are announced.
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Disclosure Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
29 Mar - Delay in submission of investor meet intimation.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Mar - Of publication of newspaper advertisement for the Notice of Postal Ballot and remote e-voting information
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Mar
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Mar - Inox Wind secures 153 MW order from renewable energy player.
Annual reports
Concalls
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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]