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Inox Wind Ltd

INOXWIND

Inox Wind Ltd

INOXWIND
IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹26,646 cr, stock is ranked 292
High RiskStock is 4.02x as volatile as Nifty
209.540.90% (+1.86)
209.540.90% (+1.86)

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1M
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Max
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IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹26,646 cr, stock is ranked 292
High RiskStock is 4.02x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

IndustrialsHeavy Electrical Equipments
SmallcapWith a market cap of ₹26,646 cr, stock is ranked 292
High RiskStock is 4.02x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
138.5512.16—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.597.170.53%

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.

Investor Presentation

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Dec 2, 2024

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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 2.98%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue4,499.163,499.10505.491,460.85770.83786.98653.36754.351,799.312,465.42
Raw Materialssubtract2,715.691,919.6747.04883.44295.32422.27430.48511.561,037.941,915.03
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/Amortizationsubtract35.0343.7552.2766.0680.3088.0388.6798.41109.95143.79
Interest & Other Itemssubtract97.78155.12171.22168.61243.77255.48282.69326.96248.27222.35
Taxes & Other Itemssubtract188.23123.52-92.87-22.56-150.10-153.53-172.8224.50-8.89-8.07
EPS2.083.42-2.11-0.45-3.15-3.44-5.41-6.47-0.311.48
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 2022

Annual report

PDF

Investor Presentation

May 27PDF
Feb 11PDF
Oct 14PDF
FY 2023

Annual report

PDF

Investor Presentation

May 26PDF
Feb 10PDF
Aug 12PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 29PDF
Jul 4PDF
FY 2025

Annual Report Pending

Investor Presentation

Dec 2PDF
Oct 25PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsHeavy Electrical Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Inox Wind Ltd-658.9212.16—
ABB India Ltd130.7627.320.38%
CG Power and Industrial Solutions Ltd80.5738.090.17%
Bharat Heavy Electricals Ltd310.123.580.10%

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 2.45%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding48.27%7.21%2.04%15.82%26.66%

Mar 2024

May 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23MarMayJunSep3.48%9.49%9.46%10.33%13.37%15.82%

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
1.7762%0.77%-0.13%26/234 (+138)
ICICI Prudential ELSS Tax Saver Fund - Growth - Direct Plan

Growth
0.7572%1.41%0.15%48/88 (0)
ICICI Prudential Equity & Debt Fund - Direct Plan - Growth

Growth
0.7294%0.48%0.08%39/203 (+29)

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
Corporate
Inox Wind bags repeat order of 87 MW from Continuum

Inox Wind (IWL) has bagged an order for 87 MW from Continuum Green Energy (Continuum), a leading renewables C3.4 GW, the highest ever in its history.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Inox Wind reports turnaround Q2 numbers

Revenue from operations surged 97.56% year on year to Rs 732.24 crore in the quarter ended 30 September 2024. Total income from operations stood at Rs 741.74 crore in Q2 FY25, registering a growth of 92.96% as against Rs 384.4 crore recorded in the corresponding quarter previous year. The company reported profit before tax of Rs 93.81 crore in Q2 FY25 as compared to a loss before tax of Rs 28.17 crore recorded in Q2 FY24. Consolidated EBITDA was at Rs 189 crore in Q2 FY25, zoomed 171% as compared with Rs 70 crore reported in the same period a year ago. IWL delivered another quarter of strong results in Q2FY25 and is on course to achieve its best ever full year profitability in FY25. The company's order book at 3.3 GW has increased by 161% YoY and comprises of a healthy mix of PSU, IPP, C&I and retail customers. In H1 FY25, IWL secured orders totalling 1.2 GW across multiple customers and is negotiating for multiple additional orders as it targets 2 GW of execution in FY27. Devansh Jain, Executive Director, INOXGFL Group, said on the occasion, 'The strong Q2 performance is another firm indication of the massive growth trajectory that Inox Wind is poised to deliver. I am especially pleased that on the back of the tremendous efforts put by our team over the past two years, our balance sheet has now become net cash and we have delivered positive operational cash flows in H1 FY25, which is bound to significantly increase going ahead. I am thankful to all our stakeholders for their support and am confident of significant value creation going ahead as we strive to deliver beyond expectations.' Kailash Tarachandani, CEO of Inox Wind, said, 'I am glad that despite the seasonal challenges, we have been able to deliver robust numbers in Q2. I am very excited by the prospects of H2, as we surge ahead to deliver on our commitments. We are also focusing on several means to increase our profits in the years ahead with the launch of larger blades, commercialisation of new products and backward integration. While we have added 1.2 GW of fresh orders in the first half of FY25 to take our orderbook to 3.3 GW, which is the highest ever in Inox Wind's history, given the multiple ongoing negotiations with new and existing customers, we are confident of adding more in the coming months.' Inox Wind (IWL) is India's leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. IWL is a part of the US$ ~ 12 BN INOXGFL Group which has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy. IWL is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where Blades, Tubular Towers, as well as Hubs & Nacelles are manufactured. With its state-of-the-art 3 MW series WTG offering, IWL's manufacturing capacity stands at 2.5 GW per annum. Shares of Inox Wind slipped 2.94% to end at Rs 203 on the BSE.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Inox Wind reports consolidated net profit of Rs 92.89 crore in the September 2024 quarter

Net profit of Inox Wind reported to Rs 92.89 crore in the quarter ended September 2024 as against net loss of Rs 24.12 crore during the previous quarter ended September 2023. Sales rose 97.56% to Rs 732.24 crore in the quarter ended September 2024 as against Rs 370.64 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales732.24370.64 98 OPM %23.6213.04 - PBDT138.16-1.89 LP PBT93.81-28.14 LP NP92.89-24.12 LP Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Inox Wind to declare Quarterly Result

Inox Wind will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Barometers came off the record high levels; realty shares rally for 3rd day

The domestic equity benchmarks pared most the gains and traded with minor gains in early afternoon trade. The Nifty traded below the 25,900 level. Realty shares advanced for the third consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 128.98 points or 0.15% to 84,673.29. The Nifty 50 index rose 77.35 points or 0.30% to 25,868.30. The Sensex and Nifty clocked an all-time high of 84,881.73 and 25,925.80, respectively in morning trade. In the broader market, the S&P BSE Mid-Cap index added 0.46% and the S&P BSE Small-Cap index rose 0.67%. The market breadth was strong. On the BSE, 2,376 shares rose and 1,586 shares fell. A total of 160 shares were unchanged. Economy: The headline HSBC Flash India Composite Output Index dipped to 59.3 in September from 60.7 in August. The index pointed to another rapid monthly increase in business activity, albeit one that was the least pronounced in 2024 so far. Softer expansions were seen across both the manufacturing and services sectors. The HSBC Flash India Manufacturing PMI posted 56.7 in September, down from 57.5 in August. The reading signaled a further marked strengthening in business conditions for goods producers, but the rate of improvement was the softest since January. Further, India's forex reserves rose by $223 million to a new all-time high of $689.458 billion for the week ended on September 13, according to the Reserve Bank data released on Friday. The overall forex kitty had jumped by $5.248 billion to a high of $689.235 billion for the previous reporting week ended on September 6. The foreign currency assets decreased by $515 million to $603.629 billion, the data showed. Gold reserves increased by $899 million to $62.887 billion during the week, the RBI said. The Special Drawing Rights (SDRs) dropped by $53 million to $18.419 billion, the apex bank said. India's reserve position with the IMF declined by $108 million to $4.523 billion in the reporting week, the apex bank data showed. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 6.33% to 13.60. The Nifty 26 September 2024 futures were trading at 25,874.65, at a premium of 6.35 points as compared with the spot at 25,868.30. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 111.6 lakh contracts at the 27,000 strike price. Maximum Put OI of 118.2 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Realty index rose 1.66% to 1,119.85. The index jumped 5.27% in the three consecutive trading sessions. Godrej Properties (up 5.05%), DLF (up 2.78%), Sobha (up 2.62%), Macrotech Developers (up 2.01%) and Oberoi Realty (up 1.9%), Prestige Estates Projects (up 1.63%), Mahindra Lifespace Developers (up 0.98%) and Brigade Enterprises (up 0.61%) added. On the other hand, Phoenix Mills (down 2.55%), Sunteck Realty (down 0.4%) slipped. Stocks in Spotlight : Inox Wind (IWL) rose 0.79%. The company said that it has signed a consortium agreement with a group of 10 banks, led by ICICI Bank along with a host of marquee private and foreign banks, for obtaining credit limits of nearly Rs 2,200 crore. Doms Industries rose 0.22%. The company said that it has acquired 51.77% equity stake in Uniclan Healthcare to expand its distribution network. The company has acquired 7,116,080 equity shares of Uniclan for a total consideration of Rs 54.88 crore. Aster DM Healthcare added 0.78%. The company said that its wholly owned subsidiary, Sri Sainatha Multispecialty Hospitals has entered into lease agreement with Aparna Constructions and Estates for setting up new Aster Woman and Children Hospital in Hyderabad.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Inox Wind secures facilities of Rs 2,200 cr from consortium of banks

Inox Wind (IWL) has signed a consortium agreement with a group of banks led by ICICI Bank for limits of ~ Rs 2,200 crore. This limit is likely to be enhanced further to ~ Rs 2,400 crore as per the working capital assessment done by the lead bank (ICICI Bank). The limits extended are largely non-fund based [bank guarantees (BGs) and letter of credits (LCs)]. The limits have been sanctioned on the financial strength of IWL's balance sheet and without the requirement of any corporate guarantees or any other support from Gujarat Fluorochemicals (GFL). IWL's recent fund raises as well as its operational ramp up have led to its balance sheet becoming net cash positive. With this arrangement in place, any prior corporate guarantee or any other such support extended to IWL by GFL stands vacated / to be vacated in the near future.Powered by Capital Market - Live

2 months agoCapital Market - Live
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

2 months 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

2 months 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

2 months 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

2 months agoCapital Market - Live