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

₹ 10,387 -1.30%
21 Nov - 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 ₹ 12,514 Cr.
  • Current Price ₹ 10,387
  • High / Low ₹ 14,000 / 3,351
  • Stock P/E 7.74
  • Book Value ₹ 2,413
  • Dividend Yield 0.00 %
  • ROCE 0.28 %
  • ROE 0.29 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 4.31 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 0.27% over last 3 years.
  • Earnings include an other income of Rs.1,662 Cr.
  • Working capital days have increased from 2,964 days to 6,839 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

Part of BSE Allcap BSE Industrials BSE SmallCap

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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
1.66 1.17 2.00 2.44 2.60 2.25 4.81 1.75 2.30 4.95 5.13 7.04 3.35
16.63 5.79 1.01 0.37 0.31 1.35 0.66 3.47 0.91 1.88 3.55 2.29 7.60
Operating Profit -14.97 -4.62 0.99 2.07 2.29 0.90 4.15 -1.72 1.39 3.07 1.58 4.75 -4.25
OPM % -901.81% -394.87% 49.50% 84.84% 88.08% 40.00% 86.28% -98.29% 60.43% 62.02% 30.80% 67.47% -126.87%
115.55 2.34 0.18 0.22 0.40 0.30 0.17 1.33 273.87 783.10 0.84 878.23 0.00
Interest 0.01 0.04 1.07 2.28 2.51 2.63 2.81 0.00 0.00 0.00 0.29 2.74 0.99
Depreciation 0.96 0.97 0.68 0.71 0.67 0.69 0.65 0.68 0.69 0.69 0.69 0.68 0.71
Profit before tax 99.61 -3.29 -0.58 -0.70 -0.49 -2.12 0.86 -1.07 274.57 785.48 1.44 879.56 -5.95
Tax % -0.33% -7.90% -563.79% -34.29% -48.98% -98.11% -752.33% -15.89% 3.51% 4.22% -40.28% 1.40% -3.36%
99.94 -3.03 2.69 -0.46 -0.25 -0.04 7.33 -0.90 264.93 752.37 2.02 867.22 -5.75
EPS in Rs 90.98 -2.76 2.45 -0.42 -0.23 -0.04 6.53 -0.80 219.90 624.50 1.68 719.83 -4.77
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6 16 12 14 20
5 19 3 10 15
Operating Profit 1 -2 10 5 5
OPM % 19% -15% 79% 32% 25%
-8 100 1 1,059 1,662
Interest 0 1 10 0 4
Depreciation 5 3 3 3 3
Profit before tax -12 94 -2 1,060 1,661
Tax % 98% -4% -372% 4%
-24 98 7 1,018 1,616
EPS in Rs -22.16 89.06 5.88 844.66 1,341.24
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: 84%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -53%
TTM: 496%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 133%
1 Year: 208%
Return on Equity
10 Years: %
5 Years: %
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 11 11 12 12
Reserves 825 923 946 2,033 2,895
0 40 0 205 0
68 94 62 81 95
Total Liabilities 904 1,068 1,019 2,331 3,001
71 53 32 30 29
CWIP 38 38 38 38 38
Investments 25 856 856 1,952 2,806
771 121 93 311 128
Total Assets 904 1,068 1,019 2,331 3,001

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 37 -4 -7
-14 -99 42 -250
-0 62 -39 257
Net Cash Flow 1 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 118 63 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 118 63 0 0
Working Capital Days 27,120 884 1,169 6,839
ROCE % -1% 1% 0%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
68.72% 68.72% 68.72% 68.73% 68.73% 67.28% 67.26% 69.50% 69.50% 69.50% 69.50% 69.50%
5.78% 5.78% 5.77% 5.37% 5.37% 5.27% 5.22% 4.87% 3.75% 2.64% 3.13% 3.53%
3.12% 3.12% 3.12% 3.12% 2.36% 2.30% 2.20% 2.00% 1.55% 0.81% 0.70% 0.95%
0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
21.93% 22.37% 22.39% 22.79% 23.53% 25.15% 25.32% 23.63% 25.20% 27.03% 26.66% 26.02%
No. of Shareholders 11,70511,47411,33211,30111,21910,59011,30111,80513,58916,27916,78718,101

* 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

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