Inox Wind Energy

₹9304.1 -164.6 | 1.7%

WEBSITE BSE:543297 NSE : IWEL 05 Feb, 16:01

Market Cap ₹11209 Cr.

Stock P/E -125.8

P/B 3.6

Current Price ₹9304.1

Book Value ₹ 2574.1

Face Value 10

52W High ₹14000

Dividend Yield 0%

52W Low ₹ 4930.9

Edit Ratio

Inox Wind Energy Research see more...

Overview Inc. Year: 2020Industry: 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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Price

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Peer Comparison

Inox Wind Energy Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	108	227	186	350	371	504	528	640	733	912
Other Income	5	12	3	5	14	5	38	15	11	83
Total Income	113	239	189	354	386	509	566	655	744	995
Total Expenditure	131	412	218	321	344	391	429	505	567	707
Operating Profit	-18	-173	-29	34	41	118	137	150	177	287
Interest	91	92	63	69	62	60	55	56	44	35
Depreciation	25	26	23	29	27	29	30	42	45	47
Exceptional Income / Expenses	0	0	0	0	0	0	-14	0	0	0
Profit Before Tax	-134	-291	-115	-65	-48	30	38	52	88	205
Provision for Tax	-4	-6	-5	1	11	34	-1	13	3	80
Profit After Tax	-130	-284	-109	-66	-60	-4	39	38	84	125
Adjustments	59	134	34	29	18	-3	-20	-28	-59	-73
Profit After Adjustments	-71	-150	-75	-37	-42	-8	19	10	26	52
Adjusted Earnings Per Share	-64.4	-136.2	-67	-32.8	-34.8	-6.5	15.8	8.5	21.3	43.4

Inox Wind Energy Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	716	595	730	1746	2813
Other Income	133	32	21	315	147
Total Income	849	628	751	2061	2960
Total Expenditure	961	935	999	1737	2208
Operating Profit	-112	-307	-247	324	751
Interest	240	272	327	240	190
Depreciation	93	91	97	113	164
Exceptional Income / Expenses	0	0	0	-14	-14
Profit Before Tax	-472	-670	-672	-43	383
Provision for Tax	-140	-175	19	46	95
Profit After Tax	-332	-496	-691	-89	286
Adjustments	160	213	320	22	-180
Profit After Adjustments	-172	-282	-371	-68	107
Adjusted Earnings Per Share	-156.6	-257	-330.4	-56	89

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	57%	132%	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

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	68.72	68.72	67.28	67.26	69.51	69.51	69.51	69.51	69.51	69.51
FII	5.37	5.37	5.28	5.22	4.86	3.75	2.65	3.14	3.53	3.89
DII	3.12	2.37	2.3	2.2	1.99	1.55	0.81	0.71	0.95	1.8
Public	22.78	23.54	25.14	25.32	23.64	25.2	27.04	26.65	26.01	24.81
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	0.75	0.75	0.75	0.75	0.84	0.84	0.84	0.84	0.84	0.84
FII	0.06	0.06	0.06	0.06	0.06	0.05	0.03	0.04	0.04	0.05
DII	0.03	0.03	0.03	0.02	0.02	0.02	0.01	0.01	0.01	0.02
Public	0.25	0.26	0.28	0.28	0.28	0.3	0.33	0.32	0.31	0.3
Others	0	0	0	0	0	0	0	0	0	0
Total	1.1	1.1	1.12	1.12	1.2	1.2	1.2	1.2	1.2	1.2

Pros

Company has reduced debt.

Cons

Company has a low return on equity of -33% over the last 3 years.
Stock is trading at 3.6 times its book value.

* 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.