Electrical Equipment
Valuation | |
|---|---|
| Market Cap | 18.5 kCr |
| Price/Earnings (Trailing) | 32.05 |
| Price/Sales (Trailing) | 4.27 |
| EV/EBITDA | 18.5 |
| Price/Free Cashflow | -49.48 |
| MarketCap/EBT | 26.15 |
| Enterprise Value | 19.55 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 0.10% |
| Price Change 1M | -12.7% |
| Price Change 6M | -23.4% |
| Price Change 1Y | -37.2% |
| 3Y Cumulative Return | 67.3% |
| 5Y Cumulative Return | 45.1% |
| 7Y Cumulative Return | 32.4% |
| 10Y Cumulative Return | 4.6% |
| Revenue (TTM) |
| 4.33 kCr |
| Rev. Growth (Yr) | 56.7% |
| Earnings (TTM) | 519.94 Cr |
| Earnings Growth (Yr) | 33.7% |
Profitability | |
|---|---|
| Operating Margin | 17% |
| EBT Margin | 16% |
| Return on Equity | 7.17% |
| Return on Assets | 5.2% |
| Free Cashflow Yield | -2.02% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -406 Cr |
| Cash Flow from Operations (TTM) | 137.95 Cr |
| Cash Flow from Financing (TTM) | 276.94 Cr |
| Cash & Equivalents | 49.84 Cr |
| Free Cash Flow (TTM) | -482.54 Cr |
| Free Cash Flow/Share (TTM) | -2.97 |
Balance Sheet | |
|---|---|
| Total Assets | 10 kCr |
| Total Liabilities | 2.75 kCr |
| Shareholder Equity | 7.25 kCr |
| Current Assets | 6.08 kCr |
| Current Liabilities | 2.6 kCr |
| Net PPE | 2.09 kCr |
| Inventory | 1.46 kCr |
| Goodwill | 10.14 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.11 |
| Debt/Equity | 0.15 |
| Interest Coverage | 3.54 |
| Interest/Cashflow Ops | 1.92 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 32.6% |
| Shares Dilution (3Y) | 55.8% |
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 12% is a good sign.
Smart Money: Smart money has been increasing their position in the stock.
Balance Sheet: Strong Balance Sheet.
Growth: Awesome revenue growth! Revenue grew 75.8% over last year and 523% in last three years on TTM basis.
Past Returns: Outperforming stock! In past three years, the stock has provided 67.3% return compared to 13% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
Dividend: Stock hasn't been paying any dividend.
Dilution: Company has been diluting it's stock to raise money for business.
Momentum: Stock has a weak negative price momentum.
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 12% is a good sign.
Smart Money: Smart money has been increasing their position in the stock.
Balance Sheet: Strong Balance Sheet.
Growth: Awesome revenue growth! Revenue grew 75.8% over last year and 523% in last three years on TTM basis.
Past Returns: Outperforming stock! In past three years, the stock has provided 67.3% return compared to 13% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
Dividend: Stock hasn't been paying any dividend.
Dilution: Company has been diluting it's stock to raise money for business.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 32.6% |
| Earnings/Share (TTM) | 3.34 |
Financial Health | |
|---|---|
| Current Ratio | 2.34 |
| Debt/Equity | 0.15 |
Technical Indicators | |
|---|---|
| RSI (14d) | 39.82 |
| RSI (5d) | 50.49 |
| RSI (21d) | 34.77 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Inox Wind's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the recent earnings conference call for Q2 and H1 FY'26, management provided a robust outlook for Inox Wind and Inox Green Energy Services. Inox Wind reported record achievements with a revenue of Rs.1,162 crores, an increase of 56% year-on-year (YoY), and EBITDA of Rs.271 crores, up 48% YoY. The management expects to achieve a full-year revenue target of Rs.1,200 crores, projecting H2 to contribute approximately 70% of annual execution.
Key forward-looking points include:
Financially, the EBITDA margin guidance was raised to 18%-19%, with the current margin being above 22% in H1. Management assured stakeholders that the trends in material cost inflation, particularly in aluminum and copper, are being managed effectively, with several orders including pass-through pricing arrangements.
Overall, management expressed confidence in achieving strategic goals and maximizing growth opportunities within the renewable sector, fueled by favorable policy changes such as the reduction in GST for wind components from 12% to 5%.
Understand Inox Wind ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Inox Leasing And Finance Limited | 27.71% |
| Devansh Trademart LLP | 8.62% |
| Aryavardhan Trading LLP | 5.99% |
| Smallcap World Fund, Inc | 4.41% |
| Icici Prudential Equity & Debt Fund | 3.59% |
| Vivek Kumar Jain | 1.84% |
| Lend Lease Company (India) Ltd. | 1.55% |
Detailed comparison of Inox Wind against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ADANIGREEN | Adani Green Energy | 1.59 LCr | 13.38 kCr | -5.10% | -5.00% | 112.72 | 11.91 | - | - |
| TATAPOWER | Tata Power Co. | 1.16 LCr |
Comprehensive comparison against sector averages
INOXWIND metrics compared to Electrical
| Category | INOXWIND | Electrical |
|---|---|---|
| PE | 32.05 | 56.27 |
| PS | 4.27 | 5.43 |
| Growth | 75.8 % | 12.7 % |
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 sets, 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.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
INOXWIND vs Electrical (2021 - 2026)
Question by Akhilesh Rawat:
First of all, I want to congratulate management on good sets of numbers. So, I have two questions. First, you have raised Financial "˜26 EBITDA margin guidance to 18%-19%. Could you break down how much uplift comes from backward operations like nacelles, transformers, and cranes and how much comes from royalty position on the 3 megawatt platform?
Answer:
Thank you for your question. We don't provide specific breakdowns of the benefits from our activities. However, the royalty on the 3 megawatt turbines is roughly Rs. 6 lakh per megawatt. We maintain our EBITDA margin guidance at 18%-19%.
Question by Akhilesh Rawat:
Could you quantify the megawatt or rupee value of these incomplete sets that are still on the books and expected cash conversion timeline, especially of turnkey projects?
Answer:
Different projects have varying payment cycles. We aim for a 120-day net working capital cycle, which we are on track to achieve this financial year. I can't provide specific rupee values for incomplete sets currently.
Question by Mahesh Patil:
How do you see execution in H2, considering we've only achieved 29% of the full year target?
Answer:
We believe that H1 and H2 will be approximately 30%-35% split, and we're confident about achieving the annual target of 1.2 gigawatts. Our new nacelle manufacturing facility is operational, and we're fully geared to meet our execution goals.
Question by Ketan Jain:
How do you expect the recent article about 40 gigawatts of projects without PPAs impacting the sector?
Answer:
We have no orders affected by potential PPA cancellations. The shift towards hybrid RTC projects presents greater opportunities for the wind sector. The government's proactive approach aims to align projects with grid needs, enhancing demand for wind components.
Question by Nitin Kaushik:
What drives the realization in the wind and turbine segments?
Answer:
Our average realization for turnkey contracts is around Rs. 8 crores per megawatt, which includes equipment and EPC services. With limited scope EPC, the pricing may increase slightly, but generally, stabilization in industry prices persists.
Question by Madhur Dasari:
Is there a chance of Inox Wind entering into battery energy storage systems in the future?
Answer:
While our group is involved in battery-related projects, Inox Wind does not aim to produce batteries. However, we will consider opportunities involving hybrid and storage solutions in conjunction with our ongoing projects.
Question by Ashish Soni:
Will the framework agreements lead to an upward revision of guidance from FY'26 onwards?
Answer:
We are currently negotiating multiple framework agreements, which could indeed lead to an upward revision. We anticipate that these agreements can provide substantial order visibility in the future.
This summary captures key inquiries and detailed responses within the character limit.
| Motilal Oswal Large And Midcap Fund | 1.53% |
| Devendra Kumar Jain | 0.01% |
| Devansh Jain | 0% |
| Nandita Jain | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 66.16 kCr |
| -5.70% |
| -0.50% |
| 30.73 |
| 1.76 |
| - |
| - |
| SUZLON | SUZLON ENERGY | 65.61 kCr | 15.15 kCr | -10.50% | -14.40% | 20.28 | 4.33 | - | - |
| INDOWIND | Indowind Energy | 176.3 Cr | 42.12 Cr | -31.00% | -52.80% | 47.61 | 4.19 | - | - |
| 725 |
| 1,103 |
| 787 |
| 648 |
| 603 |
| Profit Before exceptional items and Tax | 22.6% | 169 | 138 | 208 | 206 | 94 | 48 |
| Exceptional items before tax | - | 0 | 0 | 0 | -13.46 | 0 | 0 |
| Total profit before tax | 22.6% | 169 | 138 | 208 | 193 | 94 | 48 |
| Current tax | -20% | 0.1 | 0.25 | 0.94 | 0.47 | 0 | 0 |
| Deferred tax | 23.1% | 49 | 40 | 16 | 80 | 3.59 | 0.84 |
| Total tax | 23.1% | 49 | 40 | 17 | 81 | 3.59 | 0.84 |
| Total profit (loss) for period | 25% | 121 | 97 | 190 | 112 | 90 | 50 |
| Other comp. income net of taxes | -48.9% | -0.37 | 0.08 | -0.02 | -0.31 | -0.35 | -0.35 |
| Total Comprehensive Income | 24% | 120 | 97 | 190 | 111 | 90 | 50 |
| Earnings Per Share, Basic | 25% | 0.7 | 0.6 | 1.15 | 0.89 | 0.71 | 1.63 |
| Earnings Per Share, Diluted | 25% | 0.7 | 0.6 | 1.15 | 0.89 | 0.71 | 1.63 |
| 66.2% |
| 114 |
| 69 |
| 56 |
| 55 |
| 68 |
| 65 |
| Finance costs | -17.6% | 123 | 149 | 213 | 183 | 172 | 152 |
| Depreciation and Amortization | 26.2% | 54 | 43 | 40 | 38 | 39 | 41 |
| Other expenses | 69% | 508 | 301 | 309 | 289 | 192 | 288 |
| Total Expenses | 86% | 3,079 | 1,656 | 1,157 | 1,032 | 924 | 953 |
| Profit Before exceptional items and Tax | 3105.6% | 484 | -15.07 | -315.22 | -423.09 | -306.69 | -348.89 |
| Exceptional items before tax | 93.3% | -13.46 | -215.24 | 0 | 0 | 0 | 0 |
| Total profit before tax | 302.8% | 470 | -230.31 | -315.22 | -423.09 | -306.69 | -348.89 |
| Deferred tax | - | 86 | 0 | 0 | -149.44 | -110.89 | -121.77 |
| Total tax | - | 86 | 0 | 0 | -149.44 | -110.89 | -121.77 |
| Total profit (loss) for period | 265.6% | 384 | -230.31 | -315.22 | -273.65 | -195.8 | -227.11 |
| Other comp. income net of taxes | -10.9% | -0.63 | -0.47 | 1.46 | 0.46 | 0.12 | 0.78 |
| Total Comprehensive Income | 264.8% | 383 | -230.78 | -313.76 | -273.19 | -195.68 | -226.33 |
| Earnings Per Share, Basic | 149.1% | 2.36 | -1.7675 | -2.4175 | -3.0825 | -2.205 | -2.5575 |
| Earnings Per Share, Diluted | 149.1% | 2.36 | -1.7675 | -2.4175 | -3.0825 | -2.05 | -2.5575 |
| Debt equity ratio | - | - | 045 | 037 | 034 | 06 | - |
| Debt service coverage ratio | - | - | 056 | -052 | -0.0135 | -079 | - |
| Interest service coverage ratio | - | - | 0.0152 | -0.0145 | -0.0308 | -079 | - |
| -1.5% |
| 403 |
| 409 |
| 365 |
| 345 |
| 314 |
| 376 |
| Capital work-in-progress | 0% | 58 | 58 | 19 | 7.24 | 7.28 | 7.23 |
| Non-current investments | -0.5% | 1,836 | 1,846 | 1,846 | 0 | 1,257 | 15 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 0.3% | 1,867 | 1,861 | 1,886 | 229 | 1,291 | 15 |
| Total non-current assets | -2.4% | 2,780 | 2,848 | 3,044 | 2,721 | 2,288 | 2,290 |
| Total assets | 16% | 7,893 | 6,802 | 6,303 | 5,291 | 4,936 | 4,720 |
| Borrowings, non-current | -103.5% | 0.97 | 1.85 | 1.94 | 17 | 154 | 167 |
| Total non-current financial liabilities | -9.4% | 30 | 33 | 13 | 19 | 156 | 169 |
| Provisions, non-current | 16.7% | 15 | 13 | 11 | 9.32 | 8.07 | 8.45 |
| Total non-current liabilities | -3.1% | 94 | 97 | 25 | 29 | 165 | 178 |
| Borrowings, current | -35.8% | 674 | 1,049 | 3,093 | 2,547 | 1,756 | 1,298 |
| Total current financial liabilities | -28% | 1,379 | 1,916 | 3,711 | 3,019 | 2,328 | 1,989 |
| Provisions, current | -40.9% | 1.52 | 1.88 | 1.75 | 1.59 | 1.35 | 1.25 |
| Current tax liabilities | - | 1.69 | - | 22 | - | - | - |
| Total current liabilities | -22.5% | 1,693 | 2,185 | 4,045 | 3,171 | 2,571 | 2,220 |
| Total liabilities | -21.7% | 1,786 | 2,282 | 4,070 | 3,200 | 2,735 | 2,398 |
| Equity share capital | 100.3% | 1,728 | 863 | 1,304 | 326 | 326 | 326 |
| Total equity | 35.1% | 6,107 | 4,519 | 2,234 | 2,091 | 2,201 | 2,322 |
| Total equity and liabilities | 16% | 7,893 | 6,802 | 6,303 | 5,291 | 4,936 | 4,720 |
| - |
| -40.33 |
| 0 |
| 0 |
| -25.68 |
| - |
| - |
| Income taxes paid (refund) | -79.8% | 2.27 | 7.29 | -2 | 6.14 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | -62.14 | 80 | - | - |
| Net Cashflows From Operating Activities | 98.2% | -7.96 | -507.26 | -699.91 | -541.79 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 0 | -85.34 | - | - |
| Proceeds from sales of PPE | -104.3% | 0 | 24 | 0 | 0 | - | - |
| Purchase of property, plant and equipment | 48.2% | 124 | 84 | 78 | 19 | - | - |
| Proceeds from sales of investment property | - | 0.02 | 0 | 0 | 9.14 | - | - |
| Purchase of other long-term assets | - | 0 | 0 | 172 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 1,784 | 0 | 0 | 0 | - | - |
| Interest received | 36.4% | 31 | 23 | 8.62 | 90 | - | - |
| Other inflows (outflows) of cash | 206.5% | 129 | -119.19 | 601 | 14 | - | - |
| Net Cashflows From Investing Activities | 286.9% | 780 | -415.9 | 360 | -66.57 | - | - |
| Proceeds from issuing shares | - | 0 | 0 | 401 | 0 | - | - |
| Proceeds from issuing other equity instruments | -100.1% | 0 | 1,010 | 0 | 0 | - | - |
| Proceeds from borrowings | -100.3% | 0 | 293 | 88 | 745 | - | - |
| Repayments of borrowings | 197.7% | 525 | 177 | -26.73 | 0 | - | - |
| Interest paid | 6.8% | 235 | 220 | 164 | 140 | - | - |
| Net Cashflows from Financing Activities | -184.1% | -760.23 | 906 | 353 | 604 | - | - |
| Net change in cash and cash eq. | 161% | 12 | -17.04 | 13 | -4.03 | - | - |