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Inox Wind Ltd (INOXWIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539083 NSE: INOXWIND Electric Equipment | Small Cap | Inox Wind Share Price

₹87 1.22 (1.42%)

As on 05-Jun'26 16:59

Inox Wind Ltd (INOXWIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539083 NSE: INOXWIND Electric Equipment | Small Cap | Inox Wind Share Price

₹87 1.22 (1.42%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹14,825 Cr.
Current Price
₹87
52-Week Low / High
₹75 / 186
TTM EPS
₹2.3
TTM Sales
₹4,397 Cr.
Book Value per Share
₹36.9
P/E Ratio
36.60
Higher than its 3-year historical median
Industry PE
56.3
Price to Book (P/B)
2.32
Lower than its 5-year historical median
Price to Sales (P/S)
3.37
Lower than its 5-year historical median
EV/EBITDA
14.83
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.20%
Outperforms industry median
Return on Capital Employed (ROCE)
12.33%
Underperforms industry median
Return on Assets (ROA)
5.92%
Operating Profit Margin
21.3%
Net Profit Margin
12.23%
Gross Profit Margin
20.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
104.06%
Operating Profit Growth (1 Year)
-
4759.88%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
44.18%
Pledged shares (%) of Promoter's holding (%)
10.37%
Reserves
₹4,654 Cr.
Equity
₹1,728.2 Cr.
Face Value
₹10
All Time Low / High
₹3.94 / 258.38

Inox Wind stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Inox Wind Ltd a good quality company?
Inox Wind Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Inox Wind Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Inox Wind Ltd vs industry peers?
Inox Wind Ltd revenue CAGR is 36.16%, compared to the industry median CAGR of 13.01%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Inox Wind Ltd?
Promoters hold 44.18% of the Inox Wind Ltd, with 10.37% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Inox Wind Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Inox Wind Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 26.6%16.2%-3.2%3.4%-6.1%-7.2%-11.5%-8.9%4.4%12.3%-
Value Creation
Index
1.00.2-1.2-0.8-1.4-1.5-1.8-1.6-0.7-0.1-

Growth Parameters

Sales 4,4513,4154801,4377607116257331,7433,5574,397
Sales YoY Gr.--23.3%-86%199.6%-47.1%-6.5%-12.1%17.4%137.8%104.1%-
Adj EPS 5.23.1-2.1-0.5-3-3.6-5.2-5.3-0.32.72.3
YoY Gr.--39.5%-168.6%NANANANANANANA-
BVPS (₹) 2124.322.321.818.714.610.11312.829.736.9
Adj Net
Profit
465281-193-45.2-274-320-471-698-34.6447404
Cash Flow from Ops. -163114269147733-112-475-1,100-360138-
Debt/CF from Ops. -8.914.73.98.91.5-14-3.6-2.2-910.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -2.5%36.2%78.6%104.1%
Adj EPS -6.9%NANANA
BVPS4%9.7%43.2%131.6%
Share Price 5.1% 33.4% 36.8% -52%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
28.413.8-9.2-2.3-15-21.3-30-39.4-213.37
Op. Profit
Mgn %
16.515.9-17.210.4-15.3-23.2-47.8-35.70.921.320.3
Net Profit
Mgn %
10.58.2-40.2-3.2-36-45.2-75.8-95.8-2.712.39.2
Debt to
Equity
0.80.80.50.70.71.20.91.41.90.30
Working Cap
Days
2413862,4607931,6521,7652,0431,768764463260
Cash Conv.
Cycle
1031831,453414669599741707307213139

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4,4513,4154801,4377607116257331,7433,557
Operating Expenses + 3,7412,8735631,2888908769379981,7282,800
Manufacturing Costs641627167245239114103117167169
Material Costs2,7441,8901188382664573904891,0312,074
Employee Cost 921171009490938589109170
Other Costs 264239178111295213359302420388
Operating Profit 710542-83149-130-165-312-26416757
Operating Profit Margin (%) 15.9%15.9%-17.2%10.4%-17.1%-23.3%-50.0%-36.1%0.9%21.3%
Other Income + 7384262324763121309144
Exceptional Items 00000000-14-13
Interest 98155171169244255283327248169
Depreciation 3544526680888998110182
Profit Before Tax 649427-280-62-430-459-653-669-47537
Tax 188124-93-22-150-152-170284102
Profit After Tax 461303-188-40-279-307-483-697-51435
PAT Margin (%) 10.4%8.9%-39.1%-2.8%-36.8%-43.2%-77.3%-95.1%-2.9%12.2%
Adjusted EPS (₹)5.13.4-2.1-0.4-3.1-3.4-5.3-5.4-0.32.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Inox Wind - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,8872,1902,0041,9651,6861,3161,8281,7131,6974,894
Share Capital 2222222222222222221,1403263261,624
Reserves 1,6651,9681,7821,7431,4641,0946881,3871,3713,270
Debt +1,4381,5288311,0928461,4381,4082,0162,7001,336
Long Term Debt561863483321194484388881832
Short Term Debt1,3821,3424837607279909701,1282,5171,334
Minority Interest000-0-0041507494559
Trade Payables1,1859695368891,0551,0387086176051,065
Others Liabilities 2594686416871,4451,2641,396628745590
Total Liabilities 4,7705,1554,0124,6325,0315,0565,3815,4806,2428,445

Fixed Assets

Net Fixed Assets +5277659859731,2281,1911,3431,6191,8132,291
Gross Block5628431,1151,1691,4981,5491,7892,1642,4573,142
Accumulated Depreciation3578131196271357446545644851
CWIP 43112206633230148123266296
Investments 6325309194333310446
Inventories5606909299449949171,0041,1301,2451,352
Trade Receivables2,4092,3821,3391,6301,3221,0481,0738271,1372,688
Cash Equivalents 49443712713516124222327054213
Others Assets 6755146127941,1981,3941,5571,5101,7271,160
Total Assets 4,7705,1554,0124,6325,0315,0565,3815,4806,2428,445

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -163114269147733-112-475-1,100-360138
PBT 461427-280-62-430-459-653-689-53539
Adjustment 255119229224496387563467324428
Changes in Working Capital -744-308361-11691-58-374-884-616-823
Tax Paid -136-123-39-4-2419-106-15-6
Cash Flow From Investing Activity + -969-5332-264-346-49-74231-528-406
Capex -404-290-186-137-270-120-179-388-514-620
Net Investments -4632409-70-2163-38-2847171
Others -102283109-57-548143646-6144
Cash Flow From Financing Activity + 50119-76076-385282486824878277
Net Proceeds from Shares 00000007410790
Net Proceeds from Borrowing -390254-31-158169194342-328-213
Interest Paid -97-157-154-176-191-162-192-279-319-264
Dividend Paid 0000000000
Others 637177-861283-36275485201,525-36
Net Cash Flow -631128-159-402122-63-45-99

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)28.1314.88-8.95-2.01-15.31-20.46-43.36-53.13-2.9813.2
ROCE (%)26.6416.16-3.163.36-6.12-7.16-11.53-8.914.4412.33
Asset Turnover Ratio1.120.690.10.330.160.140.120.140.30.48
PAT to CFO Conversion(x)-0.350.38N/AN/AN/AN/AN/AN/AN/A0.32
Working Capital Days
Receivable Days157.50256.101,415.30376.90708.70608.80619.90473.10205.70196.30
Inventory Days40.3066.80616.10237.80465.20490.70561.20531.20248.60133.20
Payable Days126.102082,320310.401,332.60836.10817.60493.90216.20147

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.621.801.231.131.731.910.820.003.1910.37
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Inox Wind Ltd FAQs

The current trading price of Inox Wind on 05-Jun-2026 16:59 is ₹87.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Inox Wind stood at ₹14,824.8 Cr

The latest P/E ratio of Inox Wind as of 04-Jun-2026 is 27.08.

The latest P/B ratio of Inox Wind as of 04-Jun-2026 is 2.34.

The 52-week high of Inox Wind is ₹186.1 and the 52-week low is ₹74.91.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Inox Wind is ₹3,896 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Inox Wind Ltd is a below average quality company.

The key valuation ratios of Inox Wind Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Inox Wind Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Inox Wind Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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