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 17.0% from -38.9%
- Company has delivered good sales growth of 46.0% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 7.80x)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- Company has a low return on equity of -5.2% over last 3 years
- Company has a low return on capital employed of 2.2%
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -4.1pp
* 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 289 | 330 | 495 | 471 | 607 | 678 | 928 | 1,286 | 716 | 947 | 1,082 | 1,151 | 743 | |
| 290 | 319 | 445 | 415 | 511 | 585 | 754 | 1,052 | 567 | 767 | 853 | 983 | 710 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 4 | 4 | 49 | 26 | 12 | 17 | 11 | 7 | 178 | 22 | 21 | 61 |
| Interest | 41 | 41 | 36 | 30 | 36 | 28 | 30 | 30 | 25 | 38 | 42 | 54 | 45 |
| Depreciation | 10 | 11 | 10 | 12 | 12 | 13 | 14 | 14 | 14 | 15 | 15 | 16 | 19 |
| -67 | -54 | -7 | -101 | 74 | 64 | 134 | 201 | 116 | 306 | 194 | 119 | 95 | |
| Tax % | -0.00% | -0.00% | -0.00% | 0.58% | -0.23% | -0.31% | 56.21% | 5.72% | 25.45% | 19.38% | 34.86% | 26.61% | 24.67% |
| Net Profit | -67 | -54 | -7 | -100 | 74 | 64 | 59 | 190 | 87 | 247 | 126 | 88 | 72 |
| -2 | -0 | -0 | -1 | 0 | 0 | 0 | 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
- 289
- 290
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 41
- Depreciation
- 10
- -67
- Tax %
- -0.00%
- Net Profit
- -67
- -2
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 330
- 319
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 41
- Depreciation
- 11
- -54
- Tax %
- -0.00%
- Net Profit
- -54
- -0
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 495
- 445
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 36
- Depreciation
- 10
- -7
- Tax %
- -0.00%
- Net Profit
- -7
- -0
- Equity Capital
- 1,304
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,304
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 471
- 415
- Operating Profit
- —
- OPM %
- —
- Other Income
- 49
- Interest
- 30
- Depreciation
- 12
- -101
- Tax %
- 0.58%
- Net Profit
- -100
- -1
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 326
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 607
- 511
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 36
- Depreciation
- 12
- 74
- Tax %
- -0.23%
- Net Profit
- 74
- 0
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 678
- 585
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 28
- Depreciation
- 13
- 64
- Tax %
- -0.31%
- Net Profit
- 64
- 0
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 928
- 754
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 30
- Depreciation
- 14
- 134
- Tax %
- 56.21%
- Net Profit
- 59
- 0
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,286
- 1,052
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 30
- Depreciation
- 14
- 201
- Tax %
- 5.72%
- 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
- 716
- 567
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 25
- Depreciation
- 14
- 116
- Tax %
- 25.45%
- Net Profit
- 87
- 1
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,624
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 947
- 767
- Operating Profit
- —
- OPM %
- —
- Other Income
- 178
- Interest
- 38
- Depreciation
- 15
- 306
- Tax %
- 19.38%
- Net Profit
- 247
- 1
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,082
- 853
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 42
- Depreciation
- 15
- 194
- Tax %
- 34.86%
- Net Profit
- 126
- 1
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,151
- 983
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 54
- Depreciation
- 16
- 119
- Tax %
- 26.61%
- Net Profit
- 88
- 1
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 743
- 710
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 45
- Depreciation
- 19
- 95
- Tax %
- 24.67%
- Net Profit
- 72
- 0
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,728
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,880 | 2,863 | 212 | 1,345 | 528 | 504 | 518 | 583 | 1,587 | 3,499 | 3,924 | |
| 3,190 | 2,451 | 312 | 1,239 | 760 | 717 | 810 | 910 | 1,474 | 2,903 | 3,312 | |
| Operating Profit | 797 | 532 | -65 | 152 | -156 | -96 | -201 | -61 | 176 | 661 | — |
| OPM % | 21 | 19 | -31 | 11 | -30 | -19 | -39 | -11 | 11 | 19 | — |
| Other Income | 107 | 120 | 34 | 46 | 77 | 116 | 90 | 266 | 63 | 64 | 283 |
| Interest | 103 | 150 | 139 | 112 | 152 | 172 | 183 | 213 | 141 | 123 | 179 |
| Depreciation | 30 | 34 | 36 | 38 | 41 | 39 | 38 | 40 | 46 | 54 | 65 |
| 664 | 348 | -240 | 2 | -349 | -307 | -423 | -315 | -226 | 470 | 714 | |
| Tax % | 28 | 26 | 34 | 35 | 35 | 36 | 35 | 0 | 0 | 18 | 25 |
| Net Profit | 476 | 256 | -157 | 1 | -227 | -196 | -274 | -315 | -226 | 384 | 532 |
| EPS | 0 | 0 | 0 | 0 | 0 | -9 | -12 | -10 | -6 | 2 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 5 | 3 | -2 | 0 | -3 | -2 | -3 | -2 | -1 | 2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 5 | 3 | -2 | 0 | -3 | -2 | -3 | -2 | -1 | 2 | — |
Mar 2016
- 3,880
- 3,190
- Operating Profit
- 797
- OPM %
- 21
- Other Income
- 107
- Interest
- 103
- Depreciation
- 30
- 664
- Tax %
- 28
- Net Profit
- 476
- 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
- 2,863
- 2,451
- Operating Profit
- 532
- OPM %
- 19
- Other Income
- 120
- Interest
- 150
- Depreciation
- 34
- 348
- Tax %
- 26
- Net Profit
- 256
- 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
- 212
- 312
- Operating Profit
- -65
- OPM %
- -31
- Other Income
- 34
- Interest
- 139
- Depreciation
- 36
- -240
- Tax %
- 34
- Net Profit
- -157
- EPS
- 0
- 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
- 1,345
- 1,239
- Operating Profit
- 152
- OPM %
- 11
- Other Income
- 46
- Interest
- 112
- Depreciation
- 38
- 2
- Tax %
- 35
- Net Profit
- 1
- EPS
- 0
- 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
- 528
- 760
- Operating Profit
- -156
- OPM %
- -30
- Other Income
- 77
- Interest
- 152
- Depreciation
- 41
- -349
- Tax %
- 35
- Net Profit
- -227
- 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 2021
- 504
- 717
- Operating Profit
- -96
- OPM %
- -19
- Other Income
- 116
- Interest
- 172
- Depreciation
- 39
- -307
- Tax %
- 36
- Net Profit
- -196
- EPS
- -9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2022
- 518
- 810
- Operating Profit
- -201
- OPM %
- -39
- Other Income
- 90
- Interest
- 183
- Depreciation
- 38
- -423
- Tax %
- 35
- Net Profit
- -274
- EPS
- -12
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2023
- 583
- 910
- Operating Profit
- -61
- OPM %
- -11
- Other Income
- 266
- Interest
- 213
- Depreciation
- 40
- -315
- Tax %
- 0
- Net Profit
- -315
- EPS
- -10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2024
- 1,587
- 1,474
- Operating Profit
- 176
- OPM %
- 11
- Other Income
- 63
- Interest
- 141
- Depreciation
- 46
- -226
- Tax %
- 0
- Net Profit
- -226
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2025
- 3,499
- 2,903
- Operating Profit
- 661
- OPM %
- 19
- Other Income
- 64
- Interest
- 123
- Depreciation
- 54
- 470
- Tax %
- 18
- Net Profit
- 384
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
TTM
- 3,924
- 3,312
- Operating Profit
- —
- OPM %
- —
- Other Income
- 283
- Interest
- 179
- Depreciation
- 65
- 714
- Tax %
- 25
- Net Profit
- 532
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 46%
- 3 Years:
- 89%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 1%
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 4%
- 5 Years:
- 20%
- 3 Years:
- 16%
- 1 Year:
- -49%
RETURN ON EQUITY
- 10 Years:
- -2%
- 5 Years:
- -9%
- 3 Years:
- -5%
- Last Year:
- 10%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 391 | 1,624 | |
| 1,687 | 1,943 | 1,788 | 1,789 | 1,562 | 1,367 | 1,094 | 1,996 | 2,820 | 2,879 | |
| 1,401 | 1,372 | 566 | 664 | 601 | 641 | 665 | 1,297 | 1,194 | 1,049 | |
| Trade Payables | 898 | 632 | 282 | 640 | 652 | 580 | 357 | 378 | 316 | 788 |
| 175 | 240 | 437 | 375 | 892 | 1,090 | 1,669 | 264 | 253 | 191 | |
| Total Liabilities | 4,382 | 4,409 | 3,295 | 3,689 | 3,930 | 3,900 | 4,007 | 4,260 | 4,974 | 6,532 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 358 | 494 | 485 | 466 | 456 | 427 | 390 | 415 | 471 | 532 | |
| Capital Work in Progress | 13 | 19 | 9 | 7 | 7 | 3 | 10 | 7 | 45 | 58 |
| 568 | 762 | 486 | 492 | 505 | 498 | 1,287 | 1,458 | 1,490 | 1,846 | |
| 215 | 339 | 649 | 528 | 635 | 562 | 571 | 694 | 829 | 886 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,047 | 2,525 | |
| Cash & Bank | 482 | 375 | 82 | 125 | 143 | 113 | 95 | 145 | 39 | 144 |
| 2,746 | 2,420 | 1,584 | 2,070 | 2,184 | 2,298 | 1,653 | 1,541 | 1,053 | 541 | |
| Total Assets | 4,382 | 4,409 | 3,295 | 3,689 | 3,930 | 3,900 | 4,007 | 4,260 | 4,974 | 6,532 |
| Total Debt | 1,456 | 1,460 | 713 | 741 | 600 | 831 | 764 | 1,454 | 1,430 | 1,051 |
| Net Working Capital | 949 | 1,130 | 1,131 | 1,050 | 677 | 584 | 275 | 210 | 639 | 1,768 |
| Contingent Liabilities | 1 | 20 | 99 | 99 | 106 | 115 | 466 | 358 | 517 | 682 |
| Book Value per Share | 86.03 | 97.55 | 90.55 | 90.61 | 80.41 | 71.59 | 59.28 | 71.22 | 82.11 | 27.73 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1,456 | 1,460 | 713 | 741 | 600 | 831 | 764 | 1,454 | 1,430 | 1,051 |
| Net Working Capital | 949 | 1,130 | 1,131 | 1,050 | 677 | 584 | 275 | 210 | 639 | 1,768 |
| Contingent Liabilities | 1 | 20 | 99 | 99 | 106 | 115 | 466 | 358 | 517 | 682 |
| Book Value per Share | 86.03 | 97.55 | 90.55 | 90.61 | 80.41 | 71.59 | 59.28 | 71.22 | 82.11 | 27.73 |
| 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
- 1,687
- 1,401
- Trade Payables
- 898
- 175
- Total Liabilities
- 4,382
- 358
- Capital Work in Progress
- 13
- 568
- 215
- 0
- Cash & Bank
- 482
- 2,746
- Total Assets
- 4,382
- Total Debt
- 1,456
- Net Working Capital
- 949
- Contingent Liabilities
- 1
- Book Value per Share
- 86.03
- Face Value
- 10.00
- Total Debt
- 1,456
- Net Working Capital
- 949
- Contingent Liabilities
- 1
- Book Value per Share
- 86.03
- Face Value
- 10.00
Mar 2017
- 222
- 1,943
- 1,372
- Trade Payables
- 632
- 240
- Total Liabilities
- 4,409
- 494
- Capital Work in Progress
- 19
- 762
- 339
- 0
- Cash & Bank
- 375
- 2,420
- Total Assets
- 4,409
- Total Debt
- 1,460
- Net Working Capital
- 1,130
- Contingent Liabilities
- 20
- Book Value per Share
- 97.55
- Face Value
- 10.00
- Total Debt
- 1,460
- Net Working Capital
- 1,130
- Contingent Liabilities
- 20
- Book Value per Share
- 97.55
- Face Value
- 10.00
Mar 2018
- 222
- 1,788
- 566
- Trade Payables
- 282
- 437
- Total Liabilities
- 3,295
- 485
- Capital Work in Progress
- 9
- 486
- 649
- 0
- Cash & Bank
- 82
- 1,584
- Total Assets
- 3,295
- Total Debt
- 713
- Net Working Capital
- 1,131
- Contingent Liabilities
- 99
- Book Value per Share
- 90.55
- Face Value
- 10.00
- Total Debt
- 713
- Net Working Capital
- 1,131
- Contingent Liabilities
- 99
- Book Value per Share
- 90.55
- Face Value
- 10.00
Mar 2019
- 222
- 1,789
- 664
- Trade Payables
- 640
- 375
- Total Liabilities
- 3,689
- 466
- Capital Work in Progress
- 7
- 492
- 528
- 0
- Cash & Bank
- 125
- 2,070
- Total Assets
- 3,689
- Total Debt
- 741
- Net Working Capital
- 1,050
- Contingent Liabilities
- 99
- Book Value per Share
- 90.61
- Face Value
- 10.00
- Total Debt
- 741
- Net Working Capital
- 1,050
- Contingent Liabilities
- 99
- Book Value per Share
- 90.61
- Face Value
- 10.00
Mar 2020
- 222
- 1,562
- 601
- Trade Payables
- 652
- 892
- Total Liabilities
- 3,930
- 456
- Capital Work in Progress
- 7
- 505
- 635
- 0
- Cash & Bank
- 143
- 2,184
- Total Assets
- 3,930
- Total Debt
- 600
- Net Working Capital
- 677
- Contingent Liabilities
- 106
- Book Value per Share
- 80.41
- Face Value
- 10.00
- Total Debt
- 600
- Net Working Capital
- 677
- Contingent Liabilities
- 106
- Book Value per Share
- 80.41
- Face Value
- 10.00
Mar 2021
- 222
- 1,367
- 641
- Trade Payables
- 580
- 1,090
- Total Liabilities
- 3,900
- 427
- Capital Work in Progress
- 3
- 498
- 562
- 0
- Cash & Bank
- 113
- 2,298
- Total Assets
- 3,900
- Total Debt
- 831
- Net Working Capital
- 584
- Contingent Liabilities
- 115
- Book Value per Share
- 71.59
- Face Value
- 10.00
- Total Debt
- 831
- Net Working Capital
- 584
- Contingent Liabilities
- 115
- Book Value per Share
- 71.59
- Face Value
- 10.00
Mar 2022
- 222
- 1,094
- 665
- Trade Payables
- 357
- 1,669
- Total Liabilities
- 4,007
- 390
- Capital Work in Progress
- 10
- 1,287
- 571
- 0
- Cash & Bank
- 95
- 1,653
- Total Assets
- 4,007
- Total Debt
- 764
- Net Working Capital
- 275
- Contingent Liabilities
- 466
- Book Value per Share
- 59.28
- Face Value
- 10.00
- Total Debt
- 764
- Net Working Capital
- 275
- Contingent Liabilities
- 466
- Book Value per Share
- 59.28
- Face Value
- 10.00
Mar 2023
- 326
- 1,996
- 1,297
- Trade Payables
- 378
- 264
- Total Liabilities
- 4,260
- 415
- Capital Work in Progress
- 7
- 1,458
- 694
- 0
- Cash & Bank
- 145
- 1,541
- Total Assets
- 4,260
- Total Debt
- 1,454
- Net Working Capital
- 210
- Contingent Liabilities
- 358
- Book Value per Share
- 71.22
- Face Value
- 10.00
- Total Debt
- 1,454
- Net Working Capital
- 210
- Contingent Liabilities
- 358
- Book Value per Share
- 71.22
- Face Value
- 10.00
Mar 2024
- 391
- 2,820
- 1,194
- Trade Payables
- 316
- 253
- Total Liabilities
- 4,974
- 471
- Capital Work in Progress
- 45
- 1,490
- 829
- 1,047
- Cash & Bank
- 39
- 1,053
- Total Assets
- 4,974
- Total Debt
- 1,430
- Net Working Capital
- 639
- Contingent Liabilities
- 517
- Book Value per Share
- 82.11
- Face Value
- 10.00
- Total Debt
- 1,430
- Net Working Capital
- 639
- Contingent Liabilities
- 517
- Book Value per Share
- 82.11
- Face Value
- 10.00
Mar 2025
- 1,624
- 2,879
- 1,049
- Trade Payables
- 788
- 191
- Total Liabilities
- 6,532
- 532
- Capital Work in Progress
- 58
- 1,846
- 886
- 2,525
- Cash & Bank
- 144
- 541
- Total Assets
- 6,532
- Total Debt
- 1,051
- Net Working Capital
- 1,768
- Contingent Liabilities
- 682
- Book Value per Share
- 27.73
- Face Value
- 10.00
- Total Debt
- 1,051
- Net Working Capital
- 1,768
- Contingent Liabilities
- 682
- Book Value per Share
- 27.73
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -126 | 81 | 204 | 185 | 326 | -104 | -542 | -700 | -514 | -8 | |
| Cash from Investing | -1,015 | 131 | 538 | -129 | -82 | -33 | -67 | -240 | 599 | 780 |
| Cash from Financing | 503 | -114 | -880 | -80 | -244 | 142 | 604 | 953 | -102 | -760 |
| -638 | 98 | -137 | -24 | -1 | 5 | -4 | 13 | -17 | 12 | |
| Free Cash Flow | -271 | -94 | 187 | 168 | 301 | -109 | -551 | -758 | -674 | -135 |
| OCF / Net Profit | -0.26 | 0.32 | -1.30 | 147.23 | -1.43 | 0.53 | 1.98 | 2.22 | 2.28 | -0.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 292 | 454 | -3 | -948 | -1,790 | -2,226 |
| OCF / Net Profit | -0.26 | 0.32 | -1.30 | 147.23 | -1.43 | 0.53 | 1.98 | 2.22 | 2.28 | -0.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 292 | 454 | -3 | -948 | -1,790 | -2,226 |
Mar 2016
- -126
- Cash from Investing
- -1,015
- Cash from Financing
- 503
- -638
- Free Cash Flow
- -271
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 0
Mar 2017
- 81
- Cash from Investing
- 131
- Cash from Financing
- -114
- 98
- Free Cash Flow
- -94
- OCF / Net Profit
- 0.32
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.32
- Cumulative 5-Year FCF
- 0
Mar 2018
- 204
- Cash from Investing
- 538
- Cash from Financing
- -880
- -137
- Free Cash Flow
- 187
- OCF / Net Profit
- -1.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.30
- Cumulative 5-Year FCF
- 0
Mar 2019
- 185
- Cash from Investing
- -129
- Cash from Financing
- -80
- -24
- Free Cash Flow
- 168
- OCF / Net Profit
- 147.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 147.23
- Cumulative 5-Year FCF
- 0
Mar 2020
- 326
- Cash from Investing
- -82
- Cash from Financing
- -244
- -1
- Free Cash Flow
- 301
- OCF / Net Profit
- -1.43
- Cumulative 5-Year FCF
- 292
- OCF / Net Profit
- -1.43
- Cumulative 5-Year FCF
- 292
Mar 2021
- -104
- Cash from Investing
- -33
- Cash from Financing
- 142
- 5
- Free Cash Flow
- -109
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 454
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 454
Mar 2022
- -542
- Cash from Investing
- -67
- Cash from Financing
- 604
- -4
- Free Cash Flow
- -551
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -3
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -3
Mar 2023
- -700
- Cash from Investing
- -240
- Cash from Financing
- 953
- 13
- Free Cash Flow
- -758
- OCF / Net Profit
- 2.22
- Cumulative 5-Year FCF
- -948
- OCF / Net Profit
- 2.22
- Cumulative 5-Year FCF
- -948
Mar 2024
- -514
- Cash from Investing
- 599
- Cash from Financing
- -102
- -17
- Free Cash Flow
- -674
- OCF / Net Profit
- 2.28
- Cumulative 5-Year FCF
- -1,790
- OCF / Net Profit
- 2.28
- Cumulative 5-Year FCF
- -1,790
Mar 2025
- -8
- Cash from Investing
- 780
- Cash from Financing
- -760
- 12
- Free Cash Flow
- -135
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- -2,226
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- -2,226
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 21.47 | 11.55 | -7.08 | 0.06 | -10.23 | -8.82 | -12.33 | -9.67 | -5.77 | 2.36 |
| Book Value (₹) | 86.03 | 97.55 | 90.55 | 90.61 | 80.41 | 71.59 | 59.28 | 71.22 | 82.11 | 27.73 |
| 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 (₹) | 5.63 | 3.23 | -1.35 | 0.44 | -2.07 | -1.74 | -2.61 | -2.08 | -1.13 | 2.66 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 20.54% | 18.59% | -30.59% | 11.33% | -29.56% | -19.09% | -38.88% | -10.52% | 7.11% | 17.04% |
| Net Margin % | 12.28% | 8.95% | -73.98% | 0.09% | -43.04% | -38.84% | -52.80% | -54.04% | -14.21% | 10.98% |
| ROE % | 28.48% | 12.58% | -7.53% | 0.06% | -11.97% | -11.61% | -18.84% | -17.33% | -8.15% | 9.96% |
| ROCE % | 27.01% | 14.25% | -3.17% | 4.17% | -7.66% | -5.62% | -8.86% | -3.01% | -2.01% | 11.62% |
| 12.78% | 5.83% | -4.08% | 0.04% | -5.96% | -5.00% | -6.92% | -7.63% | -4.88% | 6.68% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 163 | 265 | 2765 | 378 | 1017 | 923 | 723 | 502 | 205 | 186 |
| Inventory Days | 16 | 35 | 849 | 160 | 402 | 433 | 399 | 396 | 175 | 89 |
| Payable Days | 98 | 149 | 2596 | 179 | 580 | 496 | 367 | 250 | 116 | 88 |
| 81 | 151 | 1018 | 359 | 840 | 860 | 755 | 649 | 265 | 187 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.76x | 0.67x | 0.35x | 0.37x | 0.34x | 0.52x | 0.34x | 0.63x | 0.45x | 0.23x |
| Interest Coverage (x) | 7.45x | 3.32x | -0.72x | 1.02x | -1.29x | -0.79x | -1.31x | -0.48x | -0.60x | 4.83x |
| 1.39x | 1.53x | 1.95x | 1.63x | 1.29x | 1.24x | 1.13x | 1.09x | 1.32x | 1.81x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 56.23% | -26.20% | -92.58% | 533.36% | -60.78% | -4.48% | 2.81% | 12.56% | 172.04% | 120.48% |
| Operating Profit Growth % | 52.72% | -33.19% | -112.21% | 334.55% | -202.33% | 38.31% | -109.41% | 69.55% | 386.97% | 275.24% |
| Net Profit Growth % | 43.70% | -46.20% | -161.32% | 100.80% | 0.00% | 13.79% | -39.76% | -15.19% | 28.45% | 270.28% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 40.36% | 141.00% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 67.87x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.35x | 5.87x |
| 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 | 123.73x | 41.40x |
Mar 2016
- EPS (₹)
- 21.47
- Book Value (₹)
- 86.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.63
- Operating Margin %
- 20.54%
- Net Margin %
- 12.28%
- ROE %
- 28.48%
- ROCE %
- 27.01%
- 12.78%
- Debtor Days
- 163
- Inventory Days
- 16
- Payable Days
- 98
- 81
- Debt to Equity (x)
- 0.76x
- Interest Coverage (x)
- 7.45x
- 1.39x
- Revenue Growth %
- 56.23%
- Operating Profit Growth %
- 52.72%
- Net Profit Growth %
- 43.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 11.55
- Book Value (₹)
- 97.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.23
- Operating Margin %
- 18.59%
- Net Margin %
- 8.95%
- ROE %
- 12.58%
- ROCE %
- 14.25%
- 5.83%
- Debtor Days
- 265
- Inventory Days
- 35
- Payable Days
- 149
- 151
- Debt to Equity (x)
- 0.67x
- Interest Coverage (x)
- 3.32x
- 1.53x
- Revenue Growth %
- -26.20%
- Operating Profit Growth %
- -33.19%
- Net Profit Growth %
- -46.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -7.08
- Book Value (₹)
- 90.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.35
- Operating Margin %
- -30.59%
- Net Margin %
- -73.98%
- ROE %
- -7.53%
- ROCE %
- -3.17%
- -4.08%
- Debtor Days
- 2765
- Inventory Days
- 849
- Payable Days
- 2596
- 1018
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- -0.72x
- 1.95x
- Revenue Growth %
- -92.58%
- Operating Profit Growth %
- -112.21%
- Net Profit Growth %
- -161.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.06
- Book Value (₹)
- 90.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.44
- Operating Margin %
- 11.33%
- Net Margin %
- 0.09%
- ROE %
- 0.06%
- ROCE %
- 4.17%
- 0.04%
- Debtor Days
- 378
- Inventory Days
- 160
- Payable Days
- 179
- 359
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 1.02x
- 1.63x
- Revenue Growth %
- 533.36%
- Operating Profit Growth %
- 334.55%
- Net Profit Growth %
- 100.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -10.23
- Book Value (₹)
- 80.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.07
- Operating Margin %
- -29.56%
- Net Margin %
- -43.04%
- ROE %
- -11.97%
- ROCE %
- -7.66%
- -5.96%
- Debtor Days
- 1017
- Inventory Days
- 402
- Payable Days
- 580
- 840
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- -1.29x
- 1.29x
- Revenue Growth %
- -60.78%
- Operating Profit Growth %
- -202.33%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -8.82
- Book Value (₹)
- 71.59
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.74
- Operating Margin %
- -19.09%
- Net Margin %
- -38.84%
- ROE %
- -11.61%
- ROCE %
- -5.62%
- -5.00%
- Debtor Days
- 923
- Inventory Days
- 433
- Payable Days
- 496
- 860
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- -0.79x
- 1.24x
- Revenue Growth %
- -4.48%
- Operating Profit Growth %
- 38.31%
- Net Profit Growth %
- 13.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -12.33
- Book Value (₹)
- 59.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.61
- Operating Margin %
- -38.88%
- Net Margin %
- -52.80%
- ROE %
- -18.84%
- ROCE %
- -8.86%
- -6.92%
- Debtor Days
- 723
- Inventory Days
- 399
- Payable Days
- 367
- 755
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- -1.31x
- 1.13x
- Revenue Growth %
- 2.81%
- Operating Profit Growth %
- -109.41%
- Net Profit Growth %
- -39.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -9.67
- Book Value (₹)
- 71.22
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.08
- Operating Margin %
- -10.52%
- Net Margin %
- -54.04%
- ROE %
- -17.33%
- ROCE %
- -3.01%
- -7.63%
- Debtor Days
- 502
- Inventory Days
- 396
- Payable Days
- 250
- 649
- Debt to Equity (x)
- 0.63x
- Interest Coverage (x)
- -0.48x
- 1.09x
- Revenue Growth %
- 12.56%
- Operating Profit Growth %
- 69.55%
- Net Profit Growth %
- -15.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -5.77
- Book Value (₹)
- 82.11
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.13
- Operating Margin %
- 7.11%
- Net Margin %
- -14.21%
- ROE %
- -8.15%
- ROCE %
- -2.01%
- -4.88%
- Debtor Days
- 205
- Inventory Days
- 175
- Payable Days
- 116
- 265
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- -0.60x
- 1.32x
- Revenue Growth %
- 172.04%
- Operating Profit Growth %
- 386.97%
- Net Profit Growth %
- 28.45%
- 40.36%
- P/E (x)
- 0.00x
- P/B (x)
- 6.35x
- Dividend Yield %
- 0.00%
- 123.73x
Mar 2025
- EPS (₹)
- 2.36
- Book Value (₹)
- 27.73
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.66
- Operating Margin %
- 17.04%
- Net Margin %
- 10.98%
- ROE %
- 9.96%
- ROCE %
- 11.62%
- 6.68%
- Debtor Days
- 186
- Inventory Days
- 89
- Payable Days
- 88
- 187
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 4.83x
- 1.81x
- Revenue Growth %
- 120.48%
- Operating Profit Growth %
- 275.24%
- Net Profit Growth %
- 270.28%
- 141.00%
- P/E (x)
- 67.87x
- P/B (x)
- 5.87x
- Dividend Yield %
- 0.00%
- 41.40x
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