Inox Wind Limited
₹55.80-₹3.26 (-5.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹19,897 Cr
- P/E
- 33.8x
- EV / EBITDA
- -530.2x
- Revenue
- ₹3,499 Cr
- Net margin
- -14.2%
- ROCE
- 2.4%
Price chart
Technical chartScreen technicals →-63.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -19.9%
- 3M
- -25.6%
- 6M
- -44.7%
- 1Y
- -63.9%
- 5Y
- +67.0%
52-week range
Day change -₹3.26 (-5.5%) from ₹59 to ₹56 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in INOXWIND, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 24.6%
Concerns1
- Low interest coverage ratio of 0.8x
Rule-based from financial data. Not advice.
About the company
Inox Wind Limited engages in the manufacture and sale of wind turbine generators and components for independent power producers, utilities, public sector undertakings, businesses, and private investors in India. It provides wind turbine generator components, including nacelles, hubs, rotor blade, and tubular towers.
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Inox Wind Limited engages in the manufacture and sale of wind turbine generators and components for independent power producers, utilities, public sector undertakings, businesses, and private investors in India. It provides wind turbine generator components, including nacelles, hubs, rotor blade, and tubular towers. The company offers various services, such as wind resource assessment, site acquisition, infrastructure development, erection, procurement and commissioning, and long-term operations and maintenance services for wind power projects. Inox Wind Limited was incorporated in 2009 and is based in Noida, India.
- Sector
- Industrials
- Shares outstanding
- 173 Cr shares
- ISIN
- INE066P01011
- BSE code
- 539083
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹19,897 Cr
- P/E
- 33.8x
- P/B
- 3.3x
- EV / EBITDA
- -530.2x
- EV / Sales
- 13.0x
- P/S
- 12.5x
- Earnings yield
- 3.0%
- 52-week high
- ₹157.30
- 52-week low
- ₹55.80
Profitability
- Operating margin
- 7.1%
- Net margin
- -14.2%
- EBITDA margin
- -2.5%
- ROE
- -7.0%
- ROCE
- 2.4%
- ROA
- -4.3%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- 67.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,499 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 120.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹39.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 36.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -269.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹514 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -26.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹12.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.4%
Solvency and efficiency
- Current ratio
- 7.31
- Debt / Equity
- 0.45
- Debt / Assets
- 0.27
- Debt / EBITDA
- -36.97
- Interest coverage
- 0.80
- Financial leverage
- 1.65
- CFO / Net profit
- 2.27
- Cash / Market cap
- 16.6%
- Cash per share
- ₹19.08
- Asset turnover
- 0.30
- Fixed asset turnover
- 3.37
- Capital intensity
- 0.30
- Debtor days
- 241 days
- Inventory turnover
- 1.32
- Cash conversion cycle
- 412 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹11 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,903 Cr |
| Sales | Operating profit | ₹596 Cr |
| Operating profit | Interest | ₹123 Cr |
| Operating profit | Depreciation | ₹54 Cr |
| Operating profit | Profit before tax | ₹419 Cr |
| Other income | Profit before tax | ₹51 Cr |
| Profit before tax | Tax and other | ₹86 Cr |
| Profit before tax | Net profit | ₹384 Cr |
Revenue and net profit
Revenue grew 120.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹504 Cr | -₹196 Cr |
| FY2022 | ₹518 Cr | -₹274 Cr |
| FY2023 | ₹583 Cr | -₹315 Cr |
| FY2024 | ₹1,587 Cr | -₹226 Cr |
| FY2025 | ₹3,499 Cr | ₹384 Cr |
Cash flows
FY2025: -₹8.00 Cr from operations, ₹772 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹104 Cr | -₹137 Cr |
| FY2022 | -₹542 Cr | -₹609 Cr |
| FY2023 | -₹700 Cr | -₹940 Cr |
| FY2024 | -₹514 Cr | ₹85 Cr |
| FY2025 | -₹8 Cr | ₹772 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹3,499 Cr+120.5%1Y
- Net profit
- ₹384 Cr
- Cash from operations
- -₹8 Cr
- Free cash flow
- ₹772 Cr+808.2%1Y
- Revenue CAGR, 5Y
- 24.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹3,499 Cr | ₹596 Cr | — | ₹384 Cr | -₹8 Cr | ₹772 Cr | 8.5% | +120.5% | -269.9% |
Monthly returns
Month-by-month returns of INOXWIND across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹6,799 Cr |
| Equity capital | ₹1,624 Cr |
| Reserves | ₹2,895 Cr |
| Borrowings | ₹1,084 Cr |
| Other liabilities | ₹1,196 Cr |
| Assets | ₹6,799 Cr |
| Fixed assets | ₹532 Cr |
| Capital work in progress | ₹58 Cr |
| Investments | ₹1,846 Cr |
| Other assets | ₹4,364 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
INOXWIND trades at 33.8x earnings against a peer median of 38.3x (a 12% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Inox Wind LimitedINOXWINDthis companyP/E ↓ discount | ₹19,897 Cr | 33.8x | 3.3x | -7.0% | -530.2x |
| eClerx Services LimitedECLERX | ₹21,910 Cr | 55.5x | 15.0x | 23.6% | 38.9x |
| Redington LimitedREDINGTON | ₹21,342 Cr | 15.2x | 4.5x | 29.8% | 13.7x |
| Jyoti CNC Automation LimitedJYOTICNC | ₹21,278 Cr | 60.7x | 9.6x | 8.0% | 75.1x |
| Welspun Corp LimitedWELCORP | ₹19,531 Cr | 26.0x | 4.1x | 13.4% | 20.7x |
| KALPATARU PROJECTS INTERNATIONAL LIMITEDKPIL | ₹19,240 Cr | 23.4x | 2.6x | 9.3% | 11.9x |
| KEC International Ltd.KEC | ₹18,227 Cr | 48.5x | 3.5x | 3.6% | 17.8x |
| Grindwell Norton Ltd.GRINDWELL | ₹17,487 Cr | 46.7x | 7.7x | 18.6% | 29.8x |
| GODAWARI POWER AND ISPAT LTD.GPIL | ₹17,410 Cr | 22.1x | 3.4x | 21.2% | 12.0x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
INOXWIND since 1 January, against earlier years.
Historical volatility
INOXWIND's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -42.0% |
| FY2022 | -56.0% |
| FY2023 | -56.0% |
| FY2024 | 7.0% |
| FY2025 | 17.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹3,499 Cr |
| Costs | |
| Interest | ₹123 Cr |
| Expenses | ₹2,903 Cr |
| Operating profitOperating Profit | ₹596 Cr |
| Other income and charges | |
| Profit before tax | ₹470 Cr |
| Tax | |
| Net profitNet Profit | ₹384 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹6,799 Cr |
| Equity capitalEquity Capital | ₹1,624 Cr |
| Reserves | ₹2,895 Cr |
| Borrowings | ₹1,084 Cr |
| Other liabilitiesOther Liabilities | ₹1,196 Cr |
| AssetsTotal Assets | ₹6,799 Cr |
| Fixed assetsFixed Assets | ₹532 Cr |
| Capital work in progressCWIP | ₹58 Cr |
| Investments | ₹1,846 Cr |
| Other assetsOther Assets | ₹4,364 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹8 Cr |
| Investing cash flowCash from Investing Activity | ₹780 Cr |
| Financing cash flowCash from Financing Activity | -₹760 Cr |
| Change in cashNet Cash Flow | ₹12 Cr |
Learn while you research
Academy chapters picked for Inox Wind Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 33.8, learn when high multiples are justified.6 min read
- 04 Growth Investing120% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read