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Inox Wind Ltd

INOXWIND

Inox Wind Ltd

INOXWIND
IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹32,418 cr, stock is ranked 257
High RiskStock is 4.42x as volatile as Nifty
241.532.86% (-7.12)
241.532.86% (-7.12)

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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹32,418 cr, stock is ranked 257
High RiskStock is 4.42x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹32,418 cr, stock is ranked 257
High RiskStock is 4.42x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
430.4714.79
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.987.230.45%

Forecast & Ratings

Detailed Forecast 
83%
Analysts have suggested that investors can buy this stock

from 6 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Inox Wind Limited is a provider of wind power solutions. The Company manufactures wind turbine generators (WTGs) and provides turnkey solutions by supplying WTGs.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 4.26%, vs industry avg of 0.15%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.25% to 3%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue4,499.163,499.10505.491,460.85770.83786.98653.36754.351,799.312,110.47
Raw Materialssubtract2,715.691,919.6747.04883.44295.32422.27430.48511.561,037.941,678.01
Power & Fuel Costsubtract6.227.273.154.224.054.064.194.855.44
Employee Costsubtract91.89117.3799.6893.7990.2292.5985.2989.14109.34
Selling & Administrative Expensessubtract175.83152.0775.5567.2930.8942.5954.9267.5776.85
Operating & Other expensessubtract727.33677.06337.06239.55456.09341.06360.15339.97260.85
Depreciation/Amortizationsubtract35.0343.7552.2766.0680.3088.0388.6798.41109.95125.69
Interest & Other Itemssubtract97.78155.12171.22168.61243.77255.48282.69326.96248.27242.06
Taxes & Other Itemssubtract188.23123.52-92.87-22.56-150.10-153.53-172.8224.50-8.89-10.60
EPS2.083.42-2.11-0.45-3.15-3.44-5.41-6.47-0.310.58
DPS0.000.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Feb 12PDF
FY 2022

Annual report

PDF

Investor Presentation

May 27PDF
Feb 11PDF
Oct 14PDF
Aug 13PDF
FY 2023

Annual report

PDF

Investor Presentation

May 26PDF
Feb 10PDF
Aug 12PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 29PDF
Jul 4PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsHeavy Electrical Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Inox Wind Ltd-801.6514.79
ABB India Ltd132.8327.750.31%
CG Power and Industrial Solutions Ltd79.6137.630.17%
Bharat Heavy Electricals Ltd327.333.780.09%

Price Comparison

Compare INOXWIND with any stock or ETF
Compare INOXWIND with any stock or ETF
INOXWIND
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 4.60%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 3.91%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding48.27%7.75%2.13%13.37%28.49%

Dec 2023

Mar 2024

May 2024

Jun 2024

Shareholding History

JunSepDec '23MarMayJun2.57%3.48%9.49%9.46%10.33%13.37%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Inox Wind Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
1.6898%0.90%0.28%175/231 (0)
Motilal Oswal Large and Midcap Fund-Direct Growth

Growth
0.8099%4.52%1.59%6/33 (+7)
ICICI Prudential ELSS Tax Saver Fund - Growth - Direct Plan

Growth
0.6572%1.43%0.28%45/81 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

INOXWIND has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Spotlight
Inox Wind bags LoI for 550 MW wind project from IGREL Renewables

As part of the project, Inox Wind will supply, install and commission the wind turbine generators (WTGs), and provide multi-year comprehensive operations & maintenance (O&M) services post commissioning. The project will be executed over the next 24 months across multiple sites in the states of Gujarat, Rajasthan and Madhya Pradesh. The 550 MW LoI is over and above the firm order of 200 MW received in the past, and takes IWL's orderbook to more than 3.5 GW. Kailash Tarachandani, Group CEO, Inox Wind, said, This is yet another milestone for Inox Wind and puts our company on a firm footing to achieve our 2 GW annual execution vision, which we aim to accomplish in FY27 with our large orderbook. With robust sectoral tailwinds and IWL's strong positioning having all the levers in place, we are primed to capitalize on the large opportunity in the sector over the next decade.' Inox Wind is a wind energy solutions provider in India, catering to IPPs, utilities, PSUs, and corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum. The company reported a consolidated net profit (from continuing operations) of Rs 47.17 crore in Q1 FY25 as against a net loss of Rs 64.88 crore posted in Q1 FY24. Revenue from operations surged 83.18% year on year to Rs 638.81 crore in the quarter ended 30 June 2024. The scrip shed 0.27% to currently trade at Rs 244.10 on the BSE. Powered by Capital Market - Live

1 day agoCapital Market - Live
Corporate
Inox Wind receives LoI for 550 MW wind project from IGREL Renewables

Inox Wind (IWL) has received a Letter of Intent (LoI) from IGREL Renewables (IGREL) for execution of 550 MW wind capacity on turnkey basis. As part of the project, Inox Wind will supply, install and commission the Wind Turbine Generators (WTGs), and provide multi-year comprehensive operations 3.5 GW. Powered by Capital Market - Live

1 day agoCapital Market - Live
Corporate
Inox Wind AGM scheduled

Inox Wind announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

4 days agoCapital Market - Live
Spotlight
Inox Wind edges higher after EPC arm raises Rs 350 crore from marquee investors

Resco Global Wind Services is amongst the top 2 wind EPC service providers in India with a strong operational track record of more than 14 years. The company offers end-to-end services for wind projects right from conceptualization stage up to project commissioning, as well as the construction of transmission infrastructure to evacuate power from such projects, offering turnkey solutions to developers on plug-and-play basis. The investors that have invested in Global Wind Services are Valrado Venture Partners Fund II, Anchorage Capital Scheme I (A Scheme of Anchorage Fund), JM Financials Products, Founders Collective Fund, One Up Financial Consultants, Authum Investments & Infrastructure and Capri Global Holdings. The funds will be utilized to scale up the business offerings and capitalize on the large-scale opportunities in the Indian wind sector. Expanding offerings under EPC, the company is venturing into crane services and unlocking new revenue streams through hybridization of its power evacuation assets. The latest renewable energy policies of multiple states allow hybridization of existing as well as future transmission assets, providing incremental revenues to asset owners including Resco Global. Inox Wind's large and well diversified orderbook of 3 GW, with a healthy order inflow pipeline, provides strong revenue visibility for Resco Global. Inox Wind is a wind energy solutions provider in India, catering to IPPs, utilities, PSUs, and corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum. The company reported a consolidated net profit (from continuing operations) of Rs 47.17 crore in Q1 FY25 as against a net loss of Rs 64.88 crore posted in Q1 FY24. Revenue from operations surged 83.18% year on year to Rs 638.81 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Resco Global Wind Services completes fund raise of Rs 350 cr

Resco Global Wind Services, an EPC Projects subsidiary of Inox Wind, announced today that it has completed Rs 350 crore equity raise from marquee investors and issued securities in lieu of the funds raised. Key investors who participated in this equity raise included: Name of the Investors: Valrado Venture Partners Fund II Anchorage Capital Scheme I - (A Scheme of Anchorage Fund) JM Financials Products Founders Collective Fund One Up Financial Consultants Authum Investments & Infrastructure  Capri Global HoldingsPowered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Inox Wind announce fund raise of Rs 350 cr in Resco Global

Inox Wind announced today that the board of its subsidiary, Resco Global Wind Services (Resco Global), an EPC Projects company, has approved Rs 350 crore equity raise from marquee investors for a single digit stake. The funds will be utilized to scale up the business offerings and capitalize on the large-scale opportunities in the Indian wind sector. Resco Global is amongst the top 2 wind EPC service providers in India with a strong operational track record of 14 years. The company offers end-to-end services for wind projects right from conceptualization stage up to project commissioning, as well as the construction of transmission infrastructure to evacuate power from such projects, offering turnkey solutions to developers on plug-and-play basis. Resco Global provides its services across India with a very strong presence in Western India. It is developing common infrastructure on multi-gigawatt scale at sites across the country, to be utilized for future renewable projects. Expanding offerings under EPC, the company is venturing into crane services and unlocking new revenue streams through hybridization of its power evacuation assets. The latest renewable energy policies of multiple states allow hybridization of existing as well as future transmission assets, providing incremental revenues to asset owners including Resco Global. Inox Wind's large and well diversified orderbook of ~ 3 GW, with a healthy order inflow pipeline, provides strong revenue visibility for Resco Global. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Inox Wind soars after bagging supplying order from Everrenew

This is an equipment supply order for IWL's latest 3 MW wind turbine generators (WTGs). Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed in the state of Tamil Nadu. Everrenew Energy is India's fast-growing renewable energy company, which provides a one-stop project management solution for wind, solar and hybrid projects with asset management. Their service includes Wind Resource assessment, Solar assessment, Site identification, permit & approval, land acquisition and development, civil, procurement & logistics, commissioning, and asset management. Kailash Tarachandani, CEO of Inox Wind, said, We are pleased to receive a 51MW order from Everrenew, an esteemed customer with whom we aim to build a mutually fruitful partnership going ahead. We are glad to witness the strong preference for our turbines and services by project developers and we continue to make our contribution as India surges ahead to achieve its renewable capacity targets. Inox Wind is a wind energy solutions provider in India, catering to IPPs, utilities, PSUs, and corporate investors. It is part of the INOXGFL Group, with a focus on chemicals and renewable energy. IWL is fully integrated in the wind energy market, with four manufacturing plants and a capacity of over 2 GW per annum. The company reported a consolidated net profit (from continuing operations) of Rs 47.17 crore in Q1 FY25 as against a net loss of Rs 64.88 crore posted in Q1 FY24. Revenue from operations surged 83.18% year on year to Rs 638.81 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Inox Wind wins order for 51MW from Everrenew Energy

Inox Wind has bagged an order for 51 MW from Everrenew Energy, a leading C&I player. This is an equipment supply order for IWL's latest 3 MW Wind Turbine Generators (WTGs). Additionally, Inox Wind will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed in the state of Tamil Nadu. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Inox Wind reports consolidated net profit of Rs 51.82 crore in the June 2024 quarter

Net profit of Inox Wind reported to Rs 51.82 crore in the quarter ended June 2024 as against net loss of Rs 63.92 crore during the previous quarter ended June 2023. Sales rose 83.18% to Rs 638.81 crore in the quarter ended June 2024 as against Rs 348.73 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales638.81348.73 83 OPM %21.308.98 - PBDT89.61-34.72 LP PBT48.01-63.49 LP NP51.82-63.92 LP Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Inox Wind reports standalone net profit of Rs 70.19 crore in the June 2024 quarter

Net profit of Inox Wind reported to Rs 70.19 crore in the quarter ended June 2024 as against net loss of Rs 67.36 crore during the previous quarter ended June 2023. Sales rose 110.41% to Rs 607.29 crore in the quarter ended June 2024 as against Rs 288.62 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales607.29288.62 110 OPM %16.21-0.45 - PBDT81.99-39.00 LP PBT70.19-49.36 LP NP70.19-67.36 LP Powered by Capital Market - Live

1 month agoCapital Market - Live