Inox Wind Ltd

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

Inox Wind Ltd

₹ 185 -2.10%
22 Nov - 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 ₹ 24,084 Cr.
  • Current Price ₹ 185
  • High / Low ₹ 262 / 66.8
  • Stock P/E 115
  • Book Value ₹ 17.1
  • Dividend Yield 0.00 %
  • ROCE 3.17 %
  • ROE -0.69 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 10.8 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: -18.5%

* 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

Part of BSE 250 SmallCap Index BSE Industrials BSE 400 MidSmallCap Index Nifty 500 Multicap 50:25:25 Nifty Smallcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
231 95 70 173 81 177 153 289 330 495 470 607 676
260 124 283 216 117 375 194 290 319 445 411 509 577
Operating Profit -29 -29 -213 -43 -37 -198 -41 -1 11 50 59 98 98
OPM % -13% -30% -304% -25% -46% -112% -27% -0% 3% 10% 13% 16% 15%
7 33 32 4 6 241 7 -15 -14 -11 -118 21 12
Interest 46 43 53 52 60 58 43 41 41 36 32 38 28
Depreciation 10 10 9 9 9 10 12 10 11 10 11 12 12
Profit before tax -78 -49 -243 -101 -100 -26 -88 -67 -54 -7 -102 70 70
Tax % -35% -36% -35% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-51 -32 -157 -101 -100 -26 -88 -67 -54 -7 -102 70 70
EPS in Rs -0.57 -0.36 -1.77 -0.91 -0.90 -0.23 -0.68 -0.52 -0.41 -0.05 -0.78 0.54 0.54
Raw PDF

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 2,248
808 1,212 2,035 3,161 2,441 297 1,238 746 716 808 907 1,464 1,942
Operating Profit 191 185 448 714 412 -99 107 -219 -212 -290 -324 120 306
OPM % 19% 13% 18% 18% 14% -50% 8% -41% -42% -56% -56% 8% 14%
6 20 73 83 120 34 45 63 116 88 263 -158 -95
Interest 39 46 63 103 150 139 112 152 172 183 213 149 134
Depreciation 9 11 19 30 34 36 38 41 39 38 40 43 46
Profit before tax 150 146 440 664 348 -240 2 -349 -307 -423 -315 -230 31
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 31
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 0.25
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: 137%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: 205%
Stock Price CAGR
10 Years: %
5 Years: 82%
3 Years: 80%
1 Year: 177%
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%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.55% 67.55% 72.24% 72.24% 72.24% 72.01% 72.01% 64.64% 52.87% 52.87% 48.27% 48.27%
2.38% 2.74% 2.20% 2.51% 2.20% 1.89% 2.57% 3.48% 9.49% 9.47% 13.37% 15.82%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 6.54% 9.88% 10.16% 9.75% 9.09%
30.06% 29.70% 25.56% 25.26% 25.56% 26.10% 25.33% 25.34% 27.76% 27.49% 28.62% 26.83%
No. of Shareholders 58,25159,62459,73754,83454,14153,21253,90670,51287,9021,17,4842,26,9753,27,516

* 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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