Inox Wind Ltd.
•₹ 73.6-0.41%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2018 • Operations & Maintenance Services: 33.8% • Erection, Procurement & Commissioning Services: 32.4% • Sale of Booster Packages: 16.9% • Transfer of Wind Farm Development Rights: 9.1% • Wind turbine Generators & Components: 4.0% • Common Infrastructure Facility Services: 2.4% • Others: 1.3% • Wind farm Development Services: 0.1%
PROS
- Operating margins have improved to 21.3% from -45.1%
- Company has delivered good sales growth of 36.2% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.23x)
- Company maintains a comfortable, low leverage position
CONS
- Company has a low return on equity of -14.3% over last 3 years
- Recent results are weak - TTM profit is down 27.5% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 2.6%
- Promoter holding has decreased over last 2 years: -4.1pp
- A large part of profit comes from other income (26.9% of PBT)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7400.00 | 52.48 | 156812.20 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33550.00 | 0.00 | 149540.28 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3880.10 | 42.19 | 138178.32 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 862.90 | 108.75 | 135945.59 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3483.60 | 0.00 | 124058.14 | 0.11 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4119.00 | 564.77 | 105465.57 | 0.24 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1278.00 | 49.11 | 80202.38 | 0.78 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2688.00 | 20.26 | 77320.68 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16607.65 | 58.86 | 69540.11 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 46.78 | 20.45 | 64302.09 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1254.75 | 0.00 | 30001.58 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | INOXWIND | 73.74 | 37.01 | 12744.03 | 0.00 | 64.09 | -34.16 | 814.10 | -1.47 | 12.33 | 18.73 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 349 | 371 | 503 | 528 | 640 | 733 | 911 | 1,275 | 826 | 1,119 | 1,207 | 1,244 | 814 | |
| 317 | 322 | 411 | 429 | 505 | 567 | 708 | 1,021 | 643 | 891 | 926 | 1,045 | 777 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 14 | 3 | 41 | 15 | 11 | 83 | 36 | 36 | 43 | 31 | 61 | 58 |
| Interest | 70 | 64 | 63 | 57 | 56 | 44 | 34 | 35 | 34 | 51 | 50 | 65 | 57 |
| Depreciation | 29 | 26 | 28 | 30 | 42 | 45 | 47 | 48 | 49 | 51 | 53 | 52 | 59 |
| -63 | -28 | 5 | 38 | 52 | 88 | 192 | 208 | 138 | 169 | 209 | 144 | 95 | |
| Tax % | -2.19% | -3.87% | 27.81% | -3.58% | 25.56% | 3.86% | 41.87% | 8.33% | 29.23% | 28.80% | 39.53% | 26.57% | 32.32% |
| Net Profit | 0 | 0 | 0 | 0 | 50 | 90 | 112 | 190 | 97 | 121 | 127 | 106 | 64 |
| -2 | -0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 326 | 326 | 1,304 | 326 | 1,624 | 1,624 | 1,624 | 1,624 | 1,624 | 1,728 | 1,728 | 1,728 | 1,728 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 326 | 326 | 1,304 | 326 | 1,624 | 1,624 | 1,624 | 1,624 | 1,624 | 1,728 | 1,728 | 1,728 | 1,728 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 349
- 317
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 70
- Depreciation
- 29
- -63
- Tax %
- -2.19%
- Net Profit
- 0
- -2
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 371
- 322
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 64
- Depreciation
- 26
- -28
- Tax %
- -3.87%
- Net Profit
- 0
- -0
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 503
- 411
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 63
- Depreciation
- 28
- 5
- Tax %
- 27.81%
- Net Profit
- 0
- 0
- Equity Capital
- 1,304
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,304
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 528
- 429
- Operating Profit
- —
- OPM %
- —
- Other Income
- 41
- Interest
- 57
- Depreciation
- 30
- 38
- Tax %
- -3.58%
- Net Profit
- 0
- 0
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 640
- 505
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 56
- Depreciation
- 42
- 52
- Tax %
- 25.56%
- Net Profit
- 50
- 0
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 733
- 567
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 44
- Depreciation
- 45
- 88
- Tax %
- 3.86%
- Net Profit
- 90
- 0
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 911
- 708
- Operating Profit
- —
- OPM %
- —
- Other Income
- 83
- Interest
- 34
- Depreciation
- 47
- 192
- Tax %
- 41.87%
- Net Profit
- 112
- 1
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,275
- 1,021
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 35
- Depreciation
- 48
- 208
- Tax %
- 8.33%
- Net Profit
- 190
- 1
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 826
- 643
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 34
- Depreciation
- 49
- 138
- Tax %
- 29.23%
- Net Profit
- 97
- 1
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,119
- 891
- Operating Profit
- —
- OPM %
- —
- Other Income
- 43
- Interest
- 51
- Depreciation
- 51
- 169
- Tax %
- 28.80%
- Net Profit
- 121
- 1
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,207
- 926
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 50
- Depreciation
- 53
- 209
- Tax %
- 39.53%
- Net Profit
- 127
- 1
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,244
- 1,045
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 65
- Depreciation
- 52
- 144
- Tax %
- 26.57%
- Net Profit
- 106
- 1
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 814
- 777
- Operating Profit
- —
- OPM %
- —
- Other Income
- 58
- Interest
- 57
- Depreciation
- 59
- 95
- Tax %
- 32.32%
- Net Profit
- 64
- 0
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,451 | 3,415 | 480 | 1,437 | 760 | 711 | 625 | 733 | 1,743 | 3,557 | 4,385 | |
| 3,741 | 2,873 | 563 | 1,288 | 890 | 876 | 937 | 998 | 1,728 | 2,800 | 3,639 | |
| Operating Profit | 782 | 626 | -57 | 173 | -106 | -89 | -282 | -243 | 325 | 902 | — |
| OPM % | 18 | 18 | -12 | 12 | -14 | -13 | -45 | -33 | 19 | 25 | — |
| Other Income | 73 | 84 | 26 | 23 | 24 | 76 | 31 | 21 | 309 | 144 | 193 |
| Interest | 98 | 155 | 171 | 169 | 244 | 255 | 283 | 327 | 248 | 169 | 223 |
| Depreciation | 35 | 44 | 52 | 66 | 80 | 88 | 89 | 98 | 110 | 182 | 214 |
| 649 | 427 | -280 | -62 | -430 | -459 | -653 | -669 | -47 | 537 | 617 | |
| Tax % | 29 | 29 | 33 | 36 | 35 | 33 | 26 | -4 | -8 | 19 | 32 |
| Net Profit | 461 | 303 | -188 | -40 | -279 | -307 | -483 | -697 | -51 | 435 | 417 |
| EPS | 0 | 0 | -8 | -2 | -13 | -14 | -22 | -21 | -1 | 3 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | -0 | 2 | 2 | 4 | 12 | 11 | 20 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 5 | 3 | -2 | -0 | -3 | -3 | -5 | -5 | -0 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | -0 | 2 | 2 | 4 | 12 | 11 | 20 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 5 | 3 | -2 | -0 | -3 | -3 | -5 | -5 | -0 | 3 | — |
Mar 2016
- 4,451
- 3,741
- Operating Profit
- 782
- OPM %
- 18
- Other Income
- 73
- Interest
- 98
- Depreciation
- 35
- 649
- Tax %
- 29
- Net Profit
- 461
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2017
- 3,415
- 2,873
- Operating Profit
- 626
- OPM %
- 18
- Other Income
- 84
- Interest
- 155
- Depreciation
- 44
- 427
- Tax %
- 29
- Net Profit
- 303
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2018
- 480
- 563
- Operating Profit
- -57
- OPM %
- -12
- Other Income
- 26
- Interest
- 171
- Depreciation
- 52
- -280
- Tax %
- 33
- Net Profit
- -188
- EPS
- -8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2019
- 1,437
- 1,288
- Operating Profit
- 173
- OPM %
- 12
- Other Income
- 23
- Interest
- 169
- Depreciation
- 66
- -62
- Tax %
- 36
- Net Profit
- -40
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2020
- 760
- 890
- Operating Profit
- -106
- OPM %
- -14
- Other Income
- 24
- Interest
- 244
- Depreciation
- 80
- -430
- Tax %
- 35
- Net Profit
- -279
- EPS
- -13
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2021
- 711
- 876
- Operating Profit
- -89
- OPM %
- -13
- Other Income
- 76
- Interest
- 255
- Depreciation
- 88
- -459
- Tax %
- 33
- Net Profit
- -307
- EPS
- -14
- Dividend Payout %
- 0
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2022
- 625
- 937
- Operating Profit
- -282
- OPM %
- -45
- Other Income
- 31
- Interest
- 283
- Depreciation
- 89
- -653
- Tax %
- 26
- Net Profit
- -483
- EPS
- -22
- Dividend Payout %
- 0
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2023
- 733
- 998
- Operating Profit
- -243
- OPM %
- -33
- Other Income
- 21
- Interest
- 327
- Depreciation
- 98
- -669
- Tax %
- -4
- Net Profit
- -697
- EPS
- -21
- Dividend Payout %
- 0
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2024
- 1,743
- 1,728
- Operating Profit
- 325
- OPM %
- 19
- Other Income
- 309
- Interest
- 248
- Depreciation
- 110
- -47
- Tax %
- -8
- Net Profit
- -51
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 12
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 12
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2025
- 3,557
- 2,800
- Operating Profit
- 902
- OPM %
- 25
- Other Income
- 144
- Interest
- 169
- Depreciation
- 182
- 537
- Tax %
- 19
- Net Profit
- 435
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 11
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 11
- Share of Associates
- 0
- Adjusted EPS
- 3
TTM
- 4,385
- 3,639
- Operating Profit
- —
- OPM %
- —
- Other Income
- 193
- Interest
- 223
- Depreciation
- 214
- 617
- Tax %
- 32
- Net Profit
- 417
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 20
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 20
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 36%
- 3 Years:
- 79%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 4%
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 4%
- 5 Years:
- 20%
- 3 Years:
- 16%
- 1 Year:
- -49%
RETURN ON EQUITY
- 10 Years:
- -9%
- 5 Years:
- -21%
- 3 Years:
- -14%
- Last Year:
- 13%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 222 | 222 | 222 | 222 | 222 | 222 | 222 | 326 | 326 | 1,624 | |
| 1,665 | 1,968 | 1,782 | 1,743 | 1,464 | 1,094 | 688 | 1,387 | 1,371 | 3,270 | |
| 1,401 | 1,486 | 730 | 986 | 1,010 | 1,115 | 1,279 | 1,517 | 2,517 | 1,334 | |
| Trade Payables | 1,185 | 969 | 536 | 889 | 1,055 | 1,038 | 708 | 617 | 605 | 1,065 |
| 297 | 510 | 741 | 793 | 1,281 | 1,588 | 2,484 | 1,633 | 1,423 | 1,151 | |
| Total Liabilities | 4,770 | 5,155 | 4,012 | 4,632 | 5,031 | 5,056 | 5,381 | 5,480 | 6,242 | 8,445 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 527 | 765 | 985 | 973 | 1,228 | 1,191 | 1,343 | 1,619 | 1,813 | 2,291 | |
| Capital Work in Progress | 43 | 112 | 20 | 66 | 33 | 230 | 148 | 123 | 266 | 296 |
| 63 | 253 | 0 | 91 | 94 | 33 | 33 | 1 | 0 | 446 | |
| 560 | 690 | 929 | 944 | 994 | 917 | 1,004 | 1,130 | 1,245 | 1,352 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,137 | 2,688 | |
| Cash & Bank | 494 | 437 | 127 | 135 | 161 | 242 | 223 | 270 | 54 | 213 |
| 3,084 | 2,896 | 1,951 | 2,424 | 2,521 | 2,442 | 2,630 | 2,337 | 1,727 | 1,160 | |
| Total Assets | 4,770 | 5,155 | 4,012 | 4,632 | 5,031 | 5,056 | 5,381 | 5,480 | 6,242 | 8,445 |
| Total Debt | 1,457 | 1,670 | 1,062 | 1,305 | 1,121 | 1,563 | 1,718 | 2,405 | 3,237 | 1,466 |
| Net Working Capital | 1,143 | 1,272 | 909 | 699 | -266 | -594 | -221 | 248 | -1,107 | 1,965 |
| Contingent Liabilities | 7 | 54 | 132 | 135 | 207 | 197 | 627 | 479 | 421 | 572 |
| Book Value per Share | 85.02 | 98.67 | 90.32 | 88.54 | 75.96 | 59.30 | 41.01 | 52.56 | 52.07 | 30.13 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1,457 | 1,670 | 1,062 | 1,305 | 1,121 | 1,563 | 1,718 | 2,405 | 3,237 | 1,466 |
| Net Working Capital | 1,143 | 1,272 | 909 | 699 | -266 | -594 | -221 | 248 | -1,107 | 1,965 |
| Contingent Liabilities | 7 | 54 | 132 | 135 | 207 | 197 | 627 | 479 | 421 | 572 |
| Book Value per Share | 85.02 | 98.67 | 90.32 | 88.54 | 75.96 | 59.30 | 41.01 | 52.56 | 52.07 | 30.13 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- 222
- 1,665
- 1,401
- Trade Payables
- 1,185
- 297
- Total Liabilities
- 4,770
- 527
- Capital Work in Progress
- 43
- 63
- 560
- 0
- Cash & Bank
- 494
- 3,084
- Total Assets
- 4,770
- Total Debt
- 1,457
- Net Working Capital
- 1,143
- Contingent Liabilities
- 7
- Book Value per Share
- 85.02
- Face Value
- 10.00
- Total Debt
- 1,457
- Net Working Capital
- 1,143
- Contingent Liabilities
- 7
- Book Value per Share
- 85.02
- Face Value
- 10.00
Mar 2017
- 222
- 1,968
- 1,486
- Trade Payables
- 969
- 510
- Total Liabilities
- 5,155
- 765
- Capital Work in Progress
- 112
- 253
- 690
- 0
- Cash & Bank
- 437
- 2,896
- Total Assets
- 5,155
- Total Debt
- 1,670
- Net Working Capital
- 1,272
- Contingent Liabilities
- 54
- Book Value per Share
- 98.67
- Face Value
- 10.00
- Total Debt
- 1,670
- Net Working Capital
- 1,272
- Contingent Liabilities
- 54
- Book Value per Share
- 98.67
- Face Value
- 10.00
Mar 2018
- 222
- 1,782
- 730
- Trade Payables
- 536
- 741
- Total Liabilities
- 4,012
- 985
- Capital Work in Progress
- 20
- 0
- 929
- 0
- Cash & Bank
- 127
- 1,951
- Total Assets
- 4,012
- Total Debt
- 1,062
- Net Working Capital
- 909
- Contingent Liabilities
- 132
- Book Value per Share
- 90.32
- Face Value
- 10.00
- Total Debt
- 1,062
- Net Working Capital
- 909
- Contingent Liabilities
- 132
- Book Value per Share
- 90.32
- Face Value
- 10.00
Mar 2019
- 222
- 1,743
- 986
- Trade Payables
- 889
- 793
- Total Liabilities
- 4,632
- 973
- Capital Work in Progress
- 66
- 91
- 944
- 0
- Cash & Bank
- 135
- 2,424
- Total Assets
- 4,632
- Total Debt
- 1,305
- Net Working Capital
- 699
- Contingent Liabilities
- 135
- Book Value per Share
- 88.54
- Face Value
- 10.00
- Total Debt
- 1,305
- Net Working Capital
- 699
- Contingent Liabilities
- 135
- Book Value per Share
- 88.54
- Face Value
- 10.00
Mar 2020
- 222
- 1,464
- 1,010
- Trade Payables
- 1,055
- 1,281
- Total Liabilities
- 5,031
- 1,228
- Capital Work in Progress
- 33
- 94
- 994
- 0
- Cash & Bank
- 161
- 2,521
- Total Assets
- 5,031
- Total Debt
- 1,121
- Net Working Capital
- -266
- Contingent Liabilities
- 207
- Book Value per Share
- 75.96
- Face Value
- 10.00
- Total Debt
- 1,121
- Net Working Capital
- -266
- Contingent Liabilities
- 207
- Book Value per Share
- 75.96
- Face Value
- 10.00
Mar 2021
- 222
- 1,094
- 1,115
- Trade Payables
- 1,038
- 1,588
- Total Liabilities
- 5,056
- 1,191
- Capital Work in Progress
- 230
- 33
- 917
- 0
- Cash & Bank
- 242
- 2,442
- Total Assets
- 5,056
- Total Debt
- 1,563
- Net Working Capital
- -594
- Contingent Liabilities
- 197
- Book Value per Share
- 59.30
- Face Value
- 10.00
- Total Debt
- 1,563
- Net Working Capital
- -594
- Contingent Liabilities
- 197
- Book Value per Share
- 59.30
- Face Value
- 10.00
Mar 2022
- 222
- 688
- 1,279
- Trade Payables
- 708
- 2,484
- Total Liabilities
- 5,381
- 1,343
- Capital Work in Progress
- 148
- 33
- 1,004
- 0
- Cash & Bank
- 223
- 2,630
- Total Assets
- 5,381
- Total Debt
- 1,718
- Net Working Capital
- -221
- Contingent Liabilities
- 627
- Book Value per Share
- 41.01
- Face Value
- 10.00
- Total Debt
- 1,718
- Net Working Capital
- -221
- Contingent Liabilities
- 627
- Book Value per Share
- 41.01
- Face Value
- 10.00
Mar 2023
- 326
- 1,387
- 1,517
- Trade Payables
- 617
- 1,633
- Total Liabilities
- 5,480
- 1,619
- Capital Work in Progress
- 123
- 1
- 1,130
- 0
- Cash & Bank
- 270
- 2,337
- Total Assets
- 5,480
- Total Debt
- 2,405
- Net Working Capital
- 248
- Contingent Liabilities
- 479
- Book Value per Share
- 52.56
- Face Value
- 10.00
- Total Debt
- 2,405
- Net Working Capital
- 248
- Contingent Liabilities
- 479
- Book Value per Share
- 52.56
- Face Value
- 10.00
Mar 2024
- 326
- 1,371
- 2,517
- Trade Payables
- 605
- 1,423
- Total Liabilities
- 6,242
- 1,813
- Capital Work in Progress
- 266
- 0
- 1,245
- 1,137
- Cash & Bank
- 54
- 1,727
- Total Assets
- 6,242
- Total Debt
- 3,237
- Net Working Capital
- -1,107
- Contingent Liabilities
- 421
- Book Value per Share
- 52.07
- Face Value
- 10.00
- Total Debt
- 3,237
- Net Working Capital
- -1,107
- Contingent Liabilities
- 421
- Book Value per Share
- 52.07
- Face Value
- 10.00
Mar 2025
- 1,624
- 3,270
- 1,334
- Trade Payables
- 1,065
- 1,151
- Total Liabilities
- 8,445
- 2,291
- Capital Work in Progress
- 296
- 446
- 1,352
- 2,688
- Cash & Bank
- 213
- 1,160
- Total Assets
- 8,445
- Total Debt
- 1,466
- Net Working Capital
- 1,965
- Contingent Liabilities
- 572
- Book Value per Share
- 30.13
- Face Value
- 10.00
- Total Debt
- 1,466
- Net Working Capital
- 1,965
- Contingent Liabilities
- 572
- Book Value per Share
- 30.13
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -163 | 114 | 269 | 147 | 733 | -112 | -475 | -1,100 | -360 | 138 | |
| Cash from Investing | -969 | -5 | 332 | -264 | -346 | -49 | -74 | 231 | -528 | -406 |
| Cash from Financing | 501 | 19 | -760 | 76 | -385 | 282 | 486 | 824 | 878 | 277 |
| -631 | 128 | -159 | -40 | 2 | 122 | -63 | -45 | -9 | 9 | |
| Free Cash Flow | -464 | -238 | 90 | 47 | 436 | -359 | -633 | -1,450 | -796 | -577 |
| OCF / Net Profit | -0.35 | 0.37 | -1.44 | -3.68 | -2.62 | 0.36 | 0.98 | 1.58 | 7.08 | 0.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -128 | -23 | -419 | -1,958 | -2,801 | -3,814 |
| OCF / Net Profit | -0.35 | 0.37 | -1.44 | -3.68 | -2.62 | 0.36 | 0.98 | 1.58 | 7.08 | 0.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -128 | -23 | -419 | -1,958 | -2,801 | -3,814 |
Mar 2016
- -163
- Cash from Investing
- -969
- Cash from Financing
- 501
- -631
- Free Cash Flow
- -464
- OCF / Net Profit
- -0.35
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.35
- Cumulative 5-Year FCF
- 0
Mar 2017
- 114
- Cash from Investing
- -5
- Cash from Financing
- 19
- 128
- Free Cash Flow
- -238
- OCF / Net Profit
- 0.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.37
- Cumulative 5-Year FCF
- 0
Mar 2018
- 269
- Cash from Investing
- 332
- Cash from Financing
- -760
- -159
- Free Cash Flow
- 90
- OCF / Net Profit
- -1.44
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.44
- Cumulative 5-Year FCF
- 0
Mar 2019
- 147
- Cash from Investing
- -264
- Cash from Financing
- 76
- -40
- Free Cash Flow
- 47
- OCF / Net Profit
- -3.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.68
- Cumulative 5-Year FCF
- 0
Mar 2020
- 733
- Cash from Investing
- -346
- Cash from Financing
- -385
- 2
- Free Cash Flow
- 436
- OCF / Net Profit
- -2.62
- Cumulative 5-Year FCF
- -128
- OCF / Net Profit
- -2.62
- Cumulative 5-Year FCF
- -128
Mar 2021
- -112
- Cash from Investing
- -49
- Cash from Financing
- 282
- 122
- Free Cash Flow
- -359
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- -23
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- -23
Mar 2022
- -475
- Cash from Investing
- -74
- Cash from Financing
- 486
- -63
- Free Cash Flow
- -633
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- -419
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- -419
Mar 2023
- -1,100
- Cash from Investing
- 231
- Cash from Financing
- 824
- -45
- Free Cash Flow
- -1,450
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- -1,958
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- -1,958
Mar 2024
- -360
- Cash from Investing
- -528
- Cash from Financing
- 878
- -9
- Free Cash Flow
- -796
- OCF / Net Profit
- 7.08
- Cumulative 5-Year FCF
- -2,801
- OCF / Net Profit
- 7.08
- Cumulative 5-Year FCF
- -2,801
Mar 2025
- 138
- Cash from Investing
- -406
- Cash from Financing
- 277
- 9
- Free Cash Flow
- -577
- OCF / Net Profit
- 0.32
- Cumulative 5-Year FCF
- -3,814
- OCF / Net Profit
- 0.32
- Cumulative 5-Year FCF
- -3,814
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 20.78 | 13.67 | -8.45 | -1.78 | -12.60 | -13.77 | -21.64 | -21.74 | -1.24 | 2.76 |
| Book Value (₹) | 85.02 | 98.67 | 90.32 | 88.54 | 75.96 | 59.30 | 41.01 | 52.56 | 52.07 | 30.13 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 5.51 | 3.85 | -1.50 | 0.29 | -2.21 | -2.43 | -4.37 | -4.52 | 0.45 | 3.75 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 17.58% | 18.32% | -11.87% | 12.02% | -13.94% | -12.54% | -45.09% | -33.17% | 0.89% | 21.29% |
| Net Margin % | 10.36% | 8.88% | -39.10% | -2.78% | -36.75% | -43.21% | -77.26% | -95.06% | -2.91% | 12.23% |
| ROE % | 28.13% | 14.88% | -8.95% | -2.01% | -15.31% | -20.46% | -43.36% | -53.13% | -2.98% | 13.20% |
| ROCE % | 26.64% | 16.16% | -3.16% | 3.36% | -6.12% | -7.16% | -11.53% | -8.91% | 4.44% | 12.33% |
| 11.58% | 6.11% | -4.09% | -0.93% | -5.78% | -6.09% | -9.25% | -12.83% | -0.87% | 5.92% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 158 | 256 | 1415 | 377 | 709 | 609 | 620 | 473 | 206 | 196 |
| Inventory Days | 40 | 67 | 616 | 238 | 465 | 491 | 561 | 531 | 249 | 133 |
| Payable Days | 126 | 208 | 2320 | 310 | 1333 | 836 | 818 | 494 | 216 | 147 |
| 72 | 115 | -289 | 304 | -159 | 263 | 363 | 510 | 238 | 182 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.77x | 0.76x | 0.53x | 0.66x | 0.66x | 1.19x | 0.94x | 1.40x | 1.91x | 0.30x |
| Interest Coverage (x) | 7.64x | 3.75x | -0.64x | 0.63x | -0.76x | -0.80x | -1.31x | -1.04x | 0.81x | 4.18x |
| 1.41x | 1.48x | 1.53x | 1.29x | 0.92x | 0.84x | 0.93x | 1.09x | 0.73x | 1.64x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 64.29% | -23.27% | -85.95% | 199.57% | -47.12% | -6.51% | -12.11% | 17.36% | 137.81% | 104.05% |
| Operating Profit Growth % | 65.82% | -20.01% | -109.11% | 403.30% | -161.33% | 15.87% | -215.94% | 13.67% | 233.54% | 177.64% |
| Net Profit Growth % | 55.58% | -34.23% | -161.86% | 78.69% | -598.87% | -9.92% | -57.14% | -44.39% | 92.71% | 956.68% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 94.30% | 322.54% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 58.15x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.01x | 5.40x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 62.14x | 30.72x |
Mar 2016
- EPS (₹)
- 20.78
- Book Value (₹)
- 85.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.51
- Operating Margin %
- 17.58%
- Net Margin %
- 10.36%
- ROE %
- 28.13%
- ROCE %
- 26.64%
- 11.58%
- Debtor Days
- 158
- Inventory Days
- 40
- Payable Days
- 126
- 72
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 7.64x
- 1.41x
- Revenue Growth %
- 64.29%
- Operating Profit Growth %
- 65.82%
- Net Profit Growth %
- 55.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 13.67
- Book Value (₹)
- 98.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.85
- Operating Margin %
- 18.32%
- Net Margin %
- 8.88%
- ROE %
- 14.88%
- ROCE %
- 16.16%
- 6.11%
- Debtor Days
- 256
- Inventory Days
- 67
- Payable Days
- 208
- 115
- Debt to Equity (x)
- 0.76x
- Interest Coverage (x)
- 3.75x
- 1.48x
- Revenue Growth %
- -23.27%
- Operating Profit Growth %
- -20.01%
- Net Profit Growth %
- -34.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -8.45
- Book Value (₹)
- 90.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.50
- Operating Margin %
- -11.87%
- Net Margin %
- -39.10%
- ROE %
- -8.95%
- ROCE %
- -3.16%
- -4.09%
- Debtor Days
- 1415
- Inventory Days
- 616
- Payable Days
- 2320
- -289
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- -0.64x
- 1.53x
- Revenue Growth %
- -85.95%
- Operating Profit Growth %
- -109.11%
- Net Profit Growth %
- -161.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -1.78
- Book Value (₹)
- 88.54
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.29
- Operating Margin %
- 12.02%
- Net Margin %
- -2.78%
- ROE %
- -2.01%
- ROCE %
- 3.36%
- -0.93%
- Debtor Days
- 377
- Inventory Days
- 238
- Payable Days
- 310
- 304
- Debt to Equity (x)
- 0.66x
- Interest Coverage (x)
- 0.63x
- 1.29x
- Revenue Growth %
- 199.57%
- Operating Profit Growth %
- 403.30%
- Net Profit Growth %
- 78.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -12.60
- Book Value (₹)
- 75.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.21
- Operating Margin %
- -13.94%
- Net Margin %
- -36.75%
- ROE %
- -15.31%
- ROCE %
- -6.12%
- -5.78%
- Debtor Days
- 709
- Inventory Days
- 465
- Payable Days
- 1333
- -159
- Debt to Equity (x)
- 0.66x
- Interest Coverage (x)
- -0.76x
- 0.92x
- Revenue Growth %
- -47.12%
- Operating Profit Growth %
- -161.33%
- Net Profit Growth %
- -598.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -13.77
- Book Value (₹)
- 59.30
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.43
- Operating Margin %
- -12.54%
- Net Margin %
- -43.21%
- ROE %
- -20.46%
- ROCE %
- -7.16%
- -6.09%
- Debtor Days
- 609
- Inventory Days
- 491
- Payable Days
- 836
- 263
- Debt to Equity (x)
- 1.19x
- Interest Coverage (x)
- -0.80x
- 0.84x
- Revenue Growth %
- -6.51%
- Operating Profit Growth %
- 15.87%
- Net Profit Growth %
- -9.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -21.64
- Book Value (₹)
- 41.01
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.37
- Operating Margin %
- -45.09%
- Net Margin %
- -77.26%
- ROE %
- -43.36%
- ROCE %
- -11.53%
- -9.25%
- Debtor Days
- 620
- Inventory Days
- 561
- Payable Days
- 818
- 363
- Debt to Equity (x)
- 0.94x
- Interest Coverage (x)
- -1.31x
- 0.93x
- Revenue Growth %
- -12.11%
- Operating Profit Growth %
- -215.94%
- Net Profit Growth %
- -57.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -21.74
- Book Value (₹)
- 52.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.52
- Operating Margin %
- -33.17%
- Net Margin %
- -95.06%
- ROE %
- -53.13%
- ROCE %
- -8.91%
- -12.83%
- Debtor Days
- 473
- Inventory Days
- 531
- Payable Days
- 494
- 510
- Debt to Equity (x)
- 1.40x
- Interest Coverage (x)
- -1.04x
- 1.09x
- Revenue Growth %
- 17.36%
- Operating Profit Growth %
- 13.67%
- Net Profit Growth %
- -44.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -1.24
- Book Value (₹)
- 52.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.45
- Operating Margin %
- 0.89%
- Net Margin %
- -2.91%
- ROE %
- -2.98%
- ROCE %
- 4.44%
- -0.87%
- Debtor Days
- 206
- Inventory Days
- 249
- Payable Days
- 216
- 238
- Debt to Equity (x)
- 1.91x
- Interest Coverage (x)
- 0.81x
- 0.73x
- Revenue Growth %
- 137.81%
- Operating Profit Growth %
- 233.54%
- Net Profit Growth %
- 92.71%
- 94.30%
- P/E (x)
- 0.00x
- P/B (x)
- 10.01x
- Dividend Yield %
- 0.00%
- 62.14x
Mar 2025
- EPS (₹)
- 2.76
- Book Value (₹)
- 30.13
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.75
- Operating Margin %
- 21.29%
- Net Margin %
- 12.23%
- ROE %
- 13.20%
- ROCE %
- 12.33%
- 5.92%
- Debtor Days
- 196
- Inventory Days
- 133
- Payable Days
- 147
- 182
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 4.18x
- 1.64x
- Revenue Growth %
- 104.05%
- Operating Profit Growth %
- 177.64%
- Net Profit Growth %
- 956.68%
- 322.54%
- P/E (x)
- 58.15x
- P/B (x)
- 5.40x
- Dividend Yield %
- 0.00%
- 30.72x
Documents
Announcements
- Disclosure under SEBI Takeover Regulations
2026-08-18 - Devansh Trademart LLP has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Shareholders meeting
2026-08-14 - Inox Wind Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 13, 2026. Further, the company has informed the Exchange regarding voting results.
Annual Reports
Credit Ratings
- Credit Rating
2026-06-17 - Inox Wind Limited has informed the Exchange about Credit Rating
- Credit Rating- Revision
2025-09-08 - Inox Wind Limited has informed the Exchange about Credit Rating- Revision
Concalls
Aug 2026
Jun 2026
May 2026