Inox Wind Energy

₹6580 177 | 2.8%

WEBSITE BSE:543297 NSE : IWEL 10 May, 16:01

Market Cap ₹7927 Cr.

Stock P/E -112.9

P/B 4.3

Current Price ₹6580

Book Value ₹ 1537.5

Face Value 10

52W High ₹8049

Dividend Yield 0%

52W Low ₹ 1155.1

Edit Ratio

Inox Wind Energy Research see more...

Overview Inc. Year: Industry: Power Generation/Distribution

Inox Wind Energy Ltd engages in the generation and sale of wind power. The company additionally manufactures and sells wind turbine generators, and associated infrastructure facilities. It also offers erection, procurement, and commissioning services, in addition to operations, protection, and development offerings of wind farms. The organization was established in 2020 and is based in Noida, India. Inox Wind Energy Ltd operates as a subsidiary of Inox Leasing and Finance Ltd

Inox Wind Energy Share Price

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Peer Comparison

Inox Wind Energy Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	153	138	211	108	227	186	350	371	504	528
Other Income	34	44	2	5	12	3	5	14	5	38
Total Income	187	182	213	113	239	189	354	386	509	566
Total Expenditure	195	419	238	131	412	218	321	344	391	429
Operating Profit	-8	-237	-25	-18	-173	-29	34	41	118	137
Interest	66	84	83	91	92	63	69	62	60	55
Depreciation	27	21	26	25	26	23	29	27	29	30
Exceptional Income / Expenses	5	0	0	0	0	0	0	0	0	-14
Profit Before Tax	-96	-342	-135	-134	-291	-115	-65	-48	30	38
Provision for Tax	-29	-89	-4	-4	-6	-5	1	11	34	-1
Profit After Tax	-67	-253	-130	-130	-284	-109	-66	-60	-4	39
Adjustments	31	127	63	59	134	34	29	18	-3	-20
Profit After Adjustments	-36	-127	-68	-71	-150	-75	-37	-42	-8	19
Adjusted Earnings Per Share	-32.4	-115.2	-61.7	-64.4	-136.2	-67	-32.8	-34.8	-6.5	15.8

Inox Wind Energy Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	716	595	734	1753
Other Income	133	32	275	62
Total Income	849	628	1008	1815
Total Expenditure	961	935	1255	1485
Operating Profit	-112	-307	-247	330
Interest	240	272	341	246
Depreciation	93	91	105	115
Exceptional Income / Expenses	0	0	0	-14
Profit Before Tax	-472	-670	-692	-45
Provision for Tax	-140	-175	-28	45
Profit After Tax	-332	-496	-665	-91
Adjustments	160	213	307	24
Profit After Adjustments	-172	-282	-358	-68
Adjusted Earnings Per Share	-156.6	-257	-319.1	-58.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	23%	0%	0%	0%
Operating Profit CAGR	0%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	434%	NA%	NA%	NA%
ROE Average	-55%	-37%	-37%	-37%
ROCE Average	-11%	-11%	-11%	-11%

Inox Wind Energy Balance Sheet

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1540	1479	1069
Minority's Interest	587	491	1312
Borrowings	448	438	888
Other Non-Current Liabilities	-303	-270	-476
Total Current Liabilities	2964	3449	2789
Total Liabilities	5237	5588	5581
Fixed Assets	1262	1397	1651
Other Non-Current Assets	902	922	825
Total Current Assets	3073	3260	3105
Total Assets	5237	5588	5581

Inox Wind Energy Cash Flow

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	130	67
Cash Flow from Operating Activities	-96	-385	-1103
Cash Flow from Investing Activities	3	-12	258
Cash Flow from Financing Activities	217	334	800
Net Cash Inflow / Outflow	123	-63	-45
Closing Cash & Cash Equivalent	130	67	22

Inox Wind Energy Ratios

#	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-156.59	-257	-319.09
CEPS(Rs)	-217.08	-367.91	-498.71
DPS(Rs)	0	0	0
Book NAV/Share(Rs)	1402.2	1248.6	936.85
Core EBITDA Margin(%)	-34.12	-57.03	-71.02
EBIT Margin(%)	-32.3	-66.96	-47.94
Pre Tax Margin(%)	-65.86	-112.6	-94.36
PAT Margin (%)	-46.31	-83.25	-90.58
Cash Profit Margin (%)	-33.29	-67.89	-76.26
ROA(%)	-6.33	-9.16	-11.9
ROE(%)	-21.54	-34.04	-54.87
ROCE(%)	-8.14	-13.12	-10.62
Receivable days	533.66	650.55	472.95
Inventory Days	467.15	588.79	530.66
Payable days	1557.82	-7169.77	0
PER(x)	0	0	0
Price/Book(x)	0	0.57	1.17
Dividend Yield(%)	0	0	0
EV/Net Sales(x)	1.49	4.04	4.47
EV/Core EBITDA(x)	-9.59	-7.83	-13.3
Net Sales Growth(%)	0	-16.9	23.27
EBIT Growth(%)	0	-72.26	11.75
PAT Growth(%)	0	-49.38	-34.12
EPS Growth(%)	0	-64.13	-24.16
Debt/Equity(x)	0.85	1.21	2.21
Current Ratio(x)	1.04	0.94	1.11
Quick Ratio(x)	0.73	0.65	0.71
Interest Cover(x)	-0.96	-1.47	-1.03
Total Debt/Mcap(x)	0	2.24	1.88

Inox Wind Energy Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	68.72	68.72	68.72	68.72	68.72	67.28	67.26	69.51	69.51	69.51
FII	5.78	5.78	5.77	5.37	5.37	5.28	5.22	4.86	3.75	2.65
DII	3.57	3.12	3.12	3.12	2.37	2.3	2.2	1.99	1.55	0.81
Public	21.93	22.37	22.39	22.78	23.54	25.14	25.32	23.64	25.2	27.04
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.84	0.84	0.84
FII	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.05	0.03
DII	0.04	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.01
Public	0.24	0.25	0.25	0.25	0.26	0.28	0.28	0.28	0.3	0.33
Others	0	0	0	0	0	0	0	0	0	0
Total	1.1	1.1	1.1	1.1	1.1	1.12	1.12	1.2	1.2	1.2

Pros

Cons

Company has a low return on equity of -37% over the last 3 years.
Debtor days have increased from -7169.77 to 0days.
Stock is trading at 4.3 times its book value.
Earnings include an other income of Rs. 275 Cr.

* 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.