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Inox Wind Energy Overview

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

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Inox Wind Energy Key Financials

Market Cap ₹12411 Cr.

Stock P/E -139.3

P/B 4.1

Current Price ₹10301.5

Book Value ₹ 2526.5

Face Value 10

52W High ₹12078.9

Dividend Yield 0%

52W Low ₹ 7625.2

Inox Wind Energy Share Price

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Volume
Price

Inox Wind Energy Quarterly Price

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Inox Wind Energy Peer Comparison

Inox Wind Energy Quarterly Results

#(Fig in Cr.) Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Net Sales 227 186 350 371 504 528 640 733 912 1275
Other Income 12 3 5 14 5 41 15 11 83 36
Total Income 239 189 354 386 509 569 655 744 995 1311
Total Expenditure 412 218 321 344 391 429 505 567 707 1021
Operating Profit -173 -29 34 41 118 140 150 177 287 290
Interest 92 63 69 62 60 57 56 44 35 35
Depreciation 26 23 29 27 29 30 42 45 47 48
Exceptional Income / Expenses 0 0 0 0 0 -14 0 0 0 0
Profit Before Tax -291 -115 -65 -48 30 38 52 88 205 208
Provision for Tax -6 -5 1 11 34 -1 13 3 80 17
Profit After Tax -284 -109 -66 -60 -4 39 38 84 125 190
Adjustments 134 34 29 18 -3 -20 -28 -59 -73 -123
Profit After Adjustments -150 -75 -37 -42 -8 19 10 26 52 67
Adjusted Earnings Per Share -136.2 -67 -32.8 -34.8 -6.5 15.8 8.5 21.3 43.4 55.7

Inox Wind Energy Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 716 595 730 1746 3560
Other Income 133 32 21 315 145
Total Income 849 628 751 2061 3705
Total Expenditure 961 935 999 1737 2800
Operating Profit -112 -307 -247 324 904
Interest 240 272 327 240 170
Depreciation 93 91 97 113 182
Exceptional Income / Expenses 0 0 0 -14 0
Profit Before Tax -472 -670 -672 -43 553
Provision for Tax -140 -175 19 46 113
Profit After Tax -332 -496 -691 -89 437
Adjustments 160 213 320 22 -283
Profit After Adjustments -172 -282 -371 -68 155
Adjusted Earnings Per Share -156.6 -257 -330.4 -56 128.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 139% 35% 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 -6% 121% NA% NA%
ROE Average -6% -33% -30% -30%
ROCE Average 5% -6% -7% -7%

Inox Wind Energy Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 1540 1479 1056 1852
Minority's Interest 587 491 1283 1539
Borrowings 448 438 888 227
Other Non-Current Liabilities -303 -270 -434 -441
Total Current Liabilities 2964 3449 2789 2990
Total Liabilities 5237 5588 5581 6337
Fixed Assets 1262 1397 1651 1843
Other Non-Current Assets 902 922 825 1145
Total Current Assets 3073 3260 3105 3068
Total Assets 5237 5588 5581 6337

Inox Wind Energy Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 0 130 67 22
Cash Flow from Operating Activities -96 -385 -1103 -367
Cash Flow from Investing Activities 3 -12 258 486
Cash Flow from Financing Activities 217 334 800 -129
Net Cash Inflow / Outflow 123 -63 -45 -10
Closing Cash & Cash Equivalent 130 67 22 12

Inox Wind Energy Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) -156.59 -257 -330.43 -56.04
CEPS(Rs) -217.08 -367.91 -528.92 19.57
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1402.2 1248.6 925.52 1537.46
Core EBITDA Margin(%) -34.12 -57.03 -36.81 0.51
EBIT Margin(%) -32.3 -66.96 -47.23 11.29
Pre Tax Margin(%) -65.86 -112.6 -92.04 -2.44
PAT Margin (%) -46.31 -83.25 -94.65 -5.1
Cash Profit Margin (%) -33.29 -67.89 -81.31 1.35
ROA(%) -6.33 -9.16 -12.37 -1.5
ROE(%) -21.54 -34.04 -57.33 -6.17
ROCE(%) -8.14 -13.12 -10.43 5.41
Receivable days 533.66 650.55 475.5 205.29
Inventory Days 467.15 588.79 533.52 248.19
Payable days 1557.82 -7169.77 0 0
PER(x) 0 0 0 0
Price/Book(x) 0 0.57 1.19 3.78
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 1.49 4.04 4.5 5.16
EV/Core EBITDA(x) -9.59 -7.83 -13.26 27.83
Net Sales Growth(%) 0 -16.9 22.61 139.25
EBIT Growth(%) 0 -72.26 13.53 157.22
PAT Growth(%) 0 -49.38 -39.4 87.1
EPS Growth(%) 0 -64.13 -28.57 83.04
Debt/Equity(x) 0.85 1.21 2.23 1.12
Current Ratio(x) 1.04 0.95 1.11 1.03
Quick Ratio(x) 0.73 0.65 0.71 0.61
Interest Cover(x) -0.96 -1.47 -1.05 0.82
Total Debt/Mcap(x) 0 2.24 1.88 0.3

Inox Wind Energy Shareholding Pattern

# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 68.72 67.28 67.26 69.51 69.51 69.51 69.51 69.51 69.51 69.51
FII 5.37 5.28 5.22 4.86 3.75 2.65 3.14 3.53 3.89 3.7
DII 2.37 2.3 2.2 1.99 1.55 0.81 0.71 0.95 1.8 2.46
Public 23.54 25.14 25.32 23.64 25.2 27.04 26.65 26.01 24.81 24.34
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Inox Wind Energy News

Inox Wind Energy Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of -33% over the last 3 years.
  • Stock is trading at 4.1 times its book value.
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