Inox Wind

₹543.6 -11.1 | 2%

WEBSITE BSE:539083 NSE : INOXWIND 10 May, 16:01

Market Cap ₹17717 Cr.

Stock P/E -435.3

P/B 10.4

Current Price ₹543.6

Book Value ₹ 52.1

Face Value 10

52W High ₹663

Dividend Yield 0%

52W Low ₹ 111.1

Edit Ratio

Inox Wind Research see more...

Overview Inc. Year: 2009Industry: Electric Equipment

Inox Wind Ltd is an integrated wind power solutions provider. The Company is engaged in the manufacture of Wind Turbine Generators (WTGs). The Company offers Engineering, Procurement and Commissioning (EPC); Operations and Maintenance (O and M), and Common Infrastructure Facilities offerings for WTGs. The Company offers diverse merchandise, which include Inox DF 93.3, Inox DF 100 and Inox DF 113. The Company provides numerous offerings, which include infrastructure support and skills, operations and protection, and customer relationship management (CRM). The Company offers wind energy solutions and provides servicing to independent power manufacturer (IPPs), Utilities, Public Sector Undertaking (PSUs), Corporates and Retail Investors. The Company additionally manufactures Blades and Tubular Towers, and Hubs and Nacelles. The Company has over 3 manufacturing plants located in Gujarat, Himachal Pradesh and Madhya Pradesh.

Inox Wind Share Price

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Peer Comparison

Inox Wind 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	152	137	211	107	226	191	349	371	503	528
Other Income	34	47	2	5	12	3	4	14	3	35
Total Income	186	184	213	112	238	194	352	384	507	563
Total Expenditure	184	422	239	131	410	218	317	322	411	426
Operating Profit	2	-238	-26	-19	-173	-24	35	62	96	138
Interest	69	83	82	90	91	65	70	64	63	57
Depreciation	26	20	26	24	25	26	29	26	28	30
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-14
Profit Before Tax	-93	-341	-134	-133	-288	-115	-63	-28	5	37
Provision for Tax	-29	-85	-4	-4	-4	0	1	1	2	-1
Profit After Tax	-64	-256	-130	-129	-284	-116	-65	-29	4	38
Adjustments	2	0	1	-4	-3	-2	1	5	-3	9
Profit After Adjustments	-62	-256	-129	-133	-287	-117	-64	-24	1	47
Adjusted Earnings Per Share	-2.8	-11.5	-4.7	-4.8	-10.4	-3.6	-2	-0.7	0	1.4

Inox Wind Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1059	1567	2709	4451	3415	480	1437	760	711	625	737	1751
Other Income	5	9	47	73	84	26	23	24	76	31	275	56
Total Income	1064	1576	2756	4523	3499	506	1461	784	787	655	1011	1806
Total Expenditure	862	1391	2284	3741	2873	563	1288	890	876	937	1254	1476
Operating Profit	201	185	472	782	626	-57	173	-106	-89	-282	-242	331
Interest	39	46	62	98	155	171	169	244	255	283	341	254
Depreciation	9	12	20	35	44	52	66	80	88	89	106	113
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	-14
Profit Before Tax	154	128	389	649	427	-280	-62	-430	-459	-653	-689	-49
Provision for Tax	3	-4	93	188	124	-93	-22	-150	-152	-170	-19	3
Profit After Tax	150	132	296	461	303	-188	-40	-279	-307	-483	-671	-52
Adjustments	0	0	0	0	0	0	0	-0	2	2	4	12
Profit After Adjustments	150	132	296	461	303	-188	-40	-280	-306	-480	-667	-40
Adjusted Earnings Per Share	0	0	0	20.8	13.7	-8.5	-1.8	-12.6	-13.8	-21.6	-20.5	-1.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	18%	-1%	9%	-4%
Operating Profit CAGR	0%	0%	0%	NAN%
PAT CAGR	0%	0%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	382%	92%	55%	NA%
ROE Average	-51%	-38%	-26%	2%
ROCE Average	-9%	-9%	-6%	8%

Inox Wind Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	296	428	1392	1887	2190	2004	1965	1686	1316	1828	1736
Minority's Interest	0	0	0	0	0	0	-0	-0	0	41	525
Borrowings	131	55	79	56	186	348	332	119	448	438	888
Other Non-Current Liabilities	23	19	3	41	113	-53	-40	-232	-352	-312	-508
Total Current Liabilities	501	978	1721	2786	2666	1713	2376	3459	3644	3385	2840
Total Liabilities	950	1480	3195	4770	5155	4012	4632	5031	5056	5381	5480
Fixed Assets	157	174	203	527	765	985	973	1228	1191	1343	1619
Other Non-Current Assets	67	127	162	314	452	405	584	610	815	873	774
Total Current Assets	727	1179	2830	3929	3938	2622	3075	3193	3050	3164	3087
Total Assets	950	1480	3195	4770	5155	4012	4632	5031	5056	5381	5480

Inox Wind Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	39	2	2	706	76	204	46	5	7	129	67
Cash Flow from Operating Activities	-121	-76	-106	-163	114	269	147	733	-112	-475	-1100
Cash Flow from Investing Activities	-135	-44	-148	-969	-5	332	-264	-346	-49	-74	231
Cash Flow from Financing Activities	219	120	958	501	19	-760	76	-385	282	486	824
Net Cash Inflow / Outflow	-37	0	704	-631	128	-159	-40	2	122	-63	-45
Closing Cash & Cash Equivalent	2	2	706	76	204	46	5	7	129	67	21

Inox Wind Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	20.78	13.67	-8.45	-1.78	-12.6	-13.77	-21.64	-20.46
CEPS(Rs)	7.97	7.19	14.27	22.36	15.64	-6.1	1.18	-8.97	-9.87	-17.75	-17.32
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0	0	0	85.02	98.67	90.32	88.54	75.96	59.3	41.01	53.27
Core EBITDA Margin(%)	18.55	11.25	15.69	15.94	15.86	-17.24	10.39	-17.12	-23.27	-50.01	-70.13
EBIT Margin(%)	18.16	11.09	16.66	16.79	17.04	-22.77	7.41	-24.47	-28.65	-59.29	-47.29
Pre Tax Margin(%)	14.51	8.16	14.36	14.59	12.5	-58.45	-4.32	-56.54	-64.59	-104.55	-93.52
PAT Margin (%)	14.21	8.44	10.94	10.36	8.88	-39.1	-2.78	-36.75	-43.21	-77.26	-91.01
Cash Profit Margin (%)	15.05	9.18	11.69	11.15	10.16	-28.21	1.81	-26.19	-30.83	-63.07	-76.6
ROA(%)	15.83	10.89	12.68	11.58	6.11	-4.09	-0.93	-5.78	-6.09	-9.25	-12.35
ROE(%)	50.89	36.57	32.58	28.13	14.88	-8.95	-2.01	-15.31	-20.46	-43.36	-50.69
ROCE(%)	30.42	21.5	27.77	26.64	16.16	-3.16	3.36	-6.12	-7.16	-11.53	-9.07
Receivable days	172.42	140.92	144.29	157.51	256.06	1415.28	376.89	708.74	608.77	619.88	470.56
Inventory Days	27.39	40.78	46.79	40.33	66.8	616.05	237.81	465.23	490.69	561.15	528.41
Payable days	122.49	126.14	123.72	126.13	208.02	2320.04	310.43	1332.6	836.12	817.58	493.85
PER(x)	0	0	0	12.53	12.44	0	0	0	0	0	0
Price/Book(x)	0	0	0	3.06	1.72	1.2	0.76	0.24	1.18	2.7	1.75
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.35	0.48	0.14	1.51	1.47	6.96	1.85	1.8	4.05	7.79	7.03
EV/Core EBITDA(x)	1.86	4.06	0.82	8.62	8	-58.65	15.36	-12.94	-32.25	-17.29	-21.37
Net Sales Growth(%)	0	47.96	72.9	64.29	-23.27	-85.95	199.57	-47.12	-6.51	-12.11	17.99
EBIT Growth(%)	0	-9.64	159.72	65.53	-22.12	-118.77	197.48	-274.68	-9.45	-81.88	5.9
PAT Growth(%)	0	-12.06	124.1	55.58	-34.23	-161.86	78.69	-598.87	-9.92	-57.14	-38.97
EPS Growth(%)	0	0	0	0	-34.23	-161.86	78.92	-607.31	-9.24	-57.15	5.45
Debt/Equity(x)	1.14	1.3	0.63	0.77	0.76	0.53	0.66	0.66	1.19	0.94	1.39
Current Ratio(x)	1.45	1.21	1.64	1.41	1.48	1.53	1.29	0.92	0.84	0.93	1.09
Quick Ratio(x)	1.29	0.93	1.4	1.21	1.22	0.99	0.9	0.64	0.59	0.64	0.69
Interest Cover(x)	4.97	3.78	7.25	7.64	3.75	-0.64	0.63	-0.76	-0.8	-1.31	-1.02
Total Debt/Mcap(x)	0	0	0	0.25	0.44	0.44	0.88	2.72	1.01	0.7	0.79

Inox Wind Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.55	67.55	72.24	72.24	72.24	72.01	72.01	64.64	52.87	52.87
FII	2.38	2.74	2.21	2.51	2.2	1.89	2.57	3.48	9.49	9.46
DII	0	0	0	0	0	0	0.09	6.54	9.88	10.16
Public	30.06	29.7	25.55	25.25	25.56	26.1	25.34	25.33	27.76	27.5
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	14.99	14.99	20.03	20.03	20.03	23.47	23.47	21.07	17.23	17.23
FII	0.53	0.61	0.61	0.7	0.61	0.62	0.84	1.13	3.09	3.08
DII	0	0	0	0	0	0	0.03	2.13	3.22	3.31
Public	6.67	6.59	7.08	7	7.09	8.51	8.26	8.26	9.05	8.96
Others	0	0	0	0	0	0	0	0	0	0
Total	22.19	22.19	27.73	27.73	27.73	32.59	32.59	32.59	32.59	32.59

Pros

Debtor days have improved from 817.58 to 493.85days.

Cons

Company has a low return on equity of -38% over the last 3 years.
Stock is trading at 10.4 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.

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Inox Wind

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Inox Wind Research see more...

Overview Inc. Year: 2009Industry: Electric Equipment

Inox Wind Share Price

Alert Data

Quarterly Price

Peer Comparison

Inox Wind Quarterly Results

Inox Wind Profit & Loss

Growth Rates

Inox Wind Balance Sheet

Inox Wind Cash Flow

Inox Wind Ratios

Inox Wind Shareholding Pattern

Inox Wind News

Top Unlisted Companies & InstaBuy Companies

Otis Elevator

IPO

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