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Inox Wind Ltd.
NSE: INOXWIND · Capital Goods
₹64.80-1.37%06 Nov 2026
Ask the data
Instant answers about Inox Wind Ltd. — computed from its filings, no language modelMarket cap₹11,199 cr
Current price₹64.80
High / Low₹157 / ₹55
P/E32.5
P/B1.75
Book value₹36.9
ROE5.4%
ROCE10.6%
Debt / equity0.24
Dividend yield—
EPS (TTM)₹1.99
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 480 | 1,437 | 760 | 711 | 625 | 737 | 1,743 | 3,557 | 4,397 |
| EBITDA | -81 | 156 | -130 | -162 | -312 | -257 | 269 | 757 | 891 |
| Operating margin | -17.0% | 10.9% | -17.1% | -22.8% | -50.0% | -34.8% | 15.4% | 21.3% | 20.3% |
| Interest | 171 | 169 | 244 | 255 | 283 | 341 | 248 | 169 | 200 |
| Depreciation | 52 | 66 | 80 | 88 | 89 | 106 | 110 | 182 | 204 |
| Profit before tax | -280 | -62 | -430 | -433 | -600 | -689 | -47 | 537 | 659 |
| Tax | -93 | -22 | -150 | -152 | -170 | -18 | 4 | 102 | 210 |
| Net profit | 0 | -40 | -280 | -306 | -427 | -667 | -40 | 448 | 405 |
| EPS ₹ | -8.45 | -1.80 | -12.59 | -13.84 | -19.37 | -20.58 | -1.63 | 2.77 | 2.65 |
| Operating cash flow | — | — | — | — | -422 | -1,099 | -147 | 138 | -598 |
| Capex | — | — | — | — | 179 | 388 | 751 | 620 | 649 |
| Dividend paid | — | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Total assets | 4,098 | 4,741 | 5,292 | 5,464 | 5,965 | 6,083 | 6,795 | 8,795 | 12,068 |
| Equity | 2,004 | 1,965 | 1,686 | 1,316 | 1,828 | 1,736 | 1,697 | 5,047 | 6,382 |
Quarterly performance
last 34 quarters · ₹ crore| MAR '18 | JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 203 | 430 | 437 | 391 | 180 | 260 | 139 | 173 | 189 | 97 | 171 | 204 | 239 | 169 | 166 | 152 | 137 | 211 | 107 | 226 | 193 | 349 | 371 | 503 | 528 | 639 | 732 | 911 | 1,275 | 826 | 1,119 | 1,207 | 1,244 | 814 |
| Operating profit | -30 | 70 | 53 | 61 | -28 | 38 | -1 | 17 | -184 | -32 | -39 | 2 | -94 | 1 | 3 | -32 | -285 | -28 | -24 | -175 | -30 | 31 | 48 | 93 | 102 | 136 | 173 | 207 | 254 | 184 | 228 | 282 | 200 | 152 |
| Operating margin | -14.6% | 16.4% | 12.1% | 15.7% | -15.8% | 14.8% | -0.8% | 9.8% | -97.4% | -32.6% | -22.8% | 1.2% | -39.2% | 0.7% | 1.9% | -21.1% | -207.3% | -13.4% | -22.0% | -77.5% | -15.5% | 9.0% | 13.0% | 18.4% | 19.4% | 21.3% | 23.6% | 22.7% | 19.9% | 22.2% | 20.3% | 23.3% | 16.0% | 18.7% |
| Other income | 2 | 3 | 5 | 4 | 5 | 5 | 5 | 7 | 7 | 5 | 6 | 6 | 56 | 1 | 2 | 34 | 47 | 2 | 5 | 3 | 4 | 4 | 14 | 3 | 35 | 12 | 10 | 82 | 36 | 36 | 43 | 31 | 61 | 58 |
| Interest | 44 | 39 | 39 | 45 | 45 | 48 | 55 | 45 | 96 | 63 | 61 | 70 | 61 | 63 | 69 | 69 | 83 | 82 | 94 | 94 | 70 | 70 | 64 | 63 | 57 | 58 | 44 | 37 | 35 | 34 | 51 | 50 | 65 | 57 |
| Depreciation | 12 | 16 | 16 | 16 | 17 | 17 | 19 | 22 | 23 | 21 | 21 | 23 | 23 | 20 | 22 | 26 | 20 | 26 | 26 | 26 | 29 | 29 | 26 | 28 | 30 | 42 | 44 | 47 | 48 | 49 | 51 | 53 | 52 | 59 |
| Profit before tax | -83 | 18 | 2 | 3 | -85 | -22 | -70 | -42 | -296 | -110 | -116 | -85 | -121 | -80 | -86 | -93 | -341 | -134 | -138 | -293 | -124 | -63 | -28 | 5 | 37 | 48 | 94 | 193 | 208 | 138 | 169 | 209 | 144 | 95 |
| Tax | -28 | 8 | 1 | 1 | -32 | -8 | -25 | -14 | -103 | -37 | -40 | -33 | -42 | -28 | -28 | -29 | -85 | -4 | -5 | -5 | -4 | 1 | 1 | 2 | -1 | 1 | 4 | 81 | 17 | 40 | 49 | 83 | 38 | 31 |
| Net profit | 0 | 0 | 2 | 2 | -53 | -14 | -46 | -27 | -192 | -73 | -76 | -52 | -104 | -52 | -57 | -62 | -256 | -129 | -133 | -287 | -118 | -64 | -24 | 1 | 47 | 52 | 93 | 117 | 187 | 106 | 92 | 117 | 91 | 44 |
| EPS ₹ | -2.51 | 0.47 | 0.07 | 0.08 | -2.41 | -0.64 | -2.06 | -1.24 | -8.66 | -3.30 | -3.42 | -2.34 | -4.77 | -2.37 | -2.59 | -2.88 | -11.53 | -4.68 | -4.83 | -10.38 | -3.66 | -1.99 | -0.83 | 0.06 | 1.13 | 1.63 | 0.71 | 0.89 | 1.15 | 0.60 | 0.70 | 0.73 | 0.61 | 0.37 |
| Revenue YoY | — | — | — | — | -11.7% | -39.7% | -68.3% | -55.8% | 5.4% | -62.8% | 23.4% | 18.0% | 26.4% | 75.2% | -3.1% | -25.4% | -42.6% | 24.4% | -35.3% | 48.8% | 40.3% | 65.6% | 245.7% | 122.6% | 173.8% | 83.2% | 97.6% | 81.0% | 141.6% | 29.3% | 52.8% | 32.5% | -2.4% | -1.5% |
| Profit YoY | — | — | — | — | — | — | -3115.8% | -1723.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 10801.9% | 301.5% | 104.3% | -1.2% | 0.6% | -51.2% | -58.4% |
Earlier results (standalone, Mar '15 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginInox Wind Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY16† | FY17† | |
|---|---|---|
| Revenue | 3,880 | 2,863 |
| Operating profit | 695 | 431 |
| Operating margin | 17.9% | 15.0% |
| Other income | 104 | 102 |
| Interest | 101 | 150 |
| Depreciation | 29 | 34 |
| Profit before tax | 669 | 348 |
| Tax | 188 | 92 |
| Net profit | 481 | 256 |
Quarters
| MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 857 | 589 | 945 | 820 | 1,525 | 377 | 722 | 1,106 | 658 | 45 | 34 | 53 |
| Operating profit | 187 | 96 | 161 | 176 | 262 | 39 | 83 | 179 | 130 | -20 | -36 | -29 |
| Operating margin | 21.8% | 16.3% | 17.1% | 21.5% | 17.2% | 10.3% | 11.4% | 16.2% | 19.7% | -45.3% | -108.3% | -53.8% |
| Other income | 11 | 22 | 31 | 25 | 27 | 34 | 24 | 28 | 16 | 21 | 18 | 4 |
| Interest | 16 | 22 | 28 | 20 | 31 | 39 | 31 | 40 | 40 | 38 | 38 | 31 |
| Depreciation | 5 | 6 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 9 | 10 | 9 |
| Profit before tax | 177 | 90 | 157 | 173 | 250 | 26 | 67 | 158 | 97 | -47 | -65 | -65 |
| Tax | 42 | 25 | 44 | 48 | 71 | 8 | 14 | 41 | 28 | -16 | -22 | -22 |
| Net profit | 135 | 64 | 113 | 125 | 179 | 18 | 53 | 117 | 69 | -31 | -43 | -43 |
| EPS ₹ | 6.73 | 2.89 | 5.09 | 5.63 | 8.08 | 0.82 | 2.38 | 5.25 | 3.10 | -1.39 | -1.93 | 1.95 |
| Revenue YoY | — | — | — | — | 77.9% | -36.1% | -23.6% | 34.9% | -56.9% | -88.2% | -95.4% | -95.2% |
| Profit YoY | — | — | — | — | 33.1% | -71.8% | -53.1% | -6.7% | -61.6% | -270.5% | -180.9% | -137.1% |
Returns & margins
trailing-twelve-month, per quarter| DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.2% | -2.5% | -3.3% | -5.7% | -7.2% | -16.6% | -20.1% | -21.9% | -23.3% | -23.2% | -21.6% | -20.2% | -21.0% | -23.4% | -27.6% | -32.3% | -44.8% | -38.4% | -34.6% | -29.9% | -12.4% | -2.4% | 4.4% | 7.2% | 11.5% | 8.9% | 10.0% | 7.5% | 7.5% | 6.4% | 5.4% |
| ROCE | 3.8% | 3.5% | 2.5% | 0.6% | -0.9% | -7.4% | -10.3% | -11.8% | -12.5% | -6.2% | -5.1% | -3.8% | -4.1% | -9.0% | -9.9% | -10.3% | -15.0% | -8.5% | -7.1% | -4.8% | 1.3% | 4.1% | 6.2% | 6.6% | 9.2% | 11.0% | 12.0% | 11.1% | 11.5% | 10.8% | 10.6% |
| Net margin | 0.2% | -3.5% | -5.1% | -11.5% | -18.7% | -36.8% | -56.7% | -58.6% | -59.5% | -43.0% | -36.3% | -34.2% | -38.0% | -68.4% | -75.7% | -95.5% | -118.1% | -90.5% | -68.8% | -43.3% | -14.4% | -2.3% | 3.7% | 8.0% | 11.0% | 12.6% | 13.4% | 12.1% | 11.3% | 9.2% | 7.9% |
| EBITDA margin | 10.6% | 10.9% | 9.8% | 7.2% | 3.4% | -17.1% | -33.5% | -37.8% | -38.2% | -22.8% | -16.5% | -11.2% | -16.7% | -50.0% | -51.3% | -60.7% | -75.1% | -34.9% | -22.6% | -11.0% | 10.1% | 15.7% | 18.6% | 21.0% | 22.0% | 21.7% | 21.8% | 21.1% | 21.4% | 20.3% | 19.6% |
| Debt / equity | 0.41 | 0.56 | 0.56 | 0.56 | 0.56 | 0.50 | 0.50 | 0.50 | 0.50 | 1.19 | 1.19 | 1.19 | 1.19 | 0.94 | 0.94 | 1.05 | 1.05 | 1.37 | 1.37 | 1.65 | 1.65 | 1.91 | 1.91 | 1.32 | 1.32 | 0.29 | 0.29 | 0.17 | 0.17 | 0.24 | 0.24 |
| Interest coverage | 0.64 | 0.63 | 0.43 | 0.10 | -0.14 | -0.76 | -1.01 | -1.13 | -1.09 | -0.69 | -0.58 | -0.42 | -0.46 | -1.12 | -1.16 | -1.15 | -1.56 | -1.02 | -0.89 | -0.71 | 0.21 | 0.81 | 1.26 | 1.83 | 2.89 | 4.12 | 5.23 | 5.54 | 5.27 | 4.30 | 3.77 |
| Asset turnover | 0.36 | 0.30 | 0.27 | 0.20 | 0.16 | 0.14 | 0.11 | 0.12 | 0.12 | 0.13 | 0.14 | 0.14 | 0.13 | 0.10 | 0.11 | 0.10 | 0.11 | 0.12 | 0.14 | 0.18 | 0.22 | 0.26 | 0.30 | 0.29 | 0.34 | 0.40 | 0.43 | 0.41 | 0.44 | 0.36 | 0.36 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '14‡ | MAR '15‡ | MAR '16‡ | MAR '17‡ | MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 200 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 277 | 326 | 326 | 326 | 1,304 | 863 | 1,881 | 1,728 |
| Other equity / reserves | 228 | 1,170 | 1,665 | 1,968 | 1,782 | 1,743 | 1,464 | 1,094 | 1,607 | 1,519 | 1,410 | 1,323 | 1,371 | 1,365 | 4,184 | 4,792 | 4,654 |
| Total equity | 428 | 1,392 | 1,887 | 2,190 | 2,004 | 1,965 | 1,686 | 1,316 | 1,828 | 1,797 | 1,736 | 1,649 | 1,697 | 2,668 | 5,047 | 6,673 | 6,382 |
| Borrowings | 480 | 846 | 1,438 | 1,528 | 831 | 1,092 | 846 | 1,563 | 1,718 | 1,885 | 2,382 | 2,726 | 3,248 | 3,532 | 1,466 | 1,103 | 1,551 |
| Current liabilities | — | — | 2,786 | 2,666 | 1,713 | 2,376 | 3,458 | 3,644 | 3,385 | 3,221 | 2,840 | 3,279 | 4,092 | 4,812 | 3,055 | 2,596 | 3,790 |
| Non-current liabilities | — | — | 106 | 299 | 381 | 400 | 148 | 505 | 710 | 963 | 981 | 769 | 342 | 140 | 134 | 154 | 586 |
| Total assets | 1,486 | 3,217 | 4,778 | 5,155 | 4,098 | 4,741 | 5,292 | 5,464 | 5,965 | 6,020 | 6,083 | 6,382 | 6,795 | 8,358 | 8,795 | 10,005 | 12,068 |
| Property, plant & equipment | 156 | 178 | 493 | 735 | 955 | 943 | 1,200 | 1,172 | 1,328 | 1,366 | 1,569 | 1,247 | 1,494 | 1,636 | 1,980 | 2,092 | 2,490 |
| Capital work-in-progress | 25 | 49 | 43 | 112 | 20 | 66 | — | — | — | 135 | 123 | 210 | 266 | 263 | 296 | 402 | 247 |
| Investments | 45 | 0 | 63 | 200 | 0 | 91 | 94 | 33 | 33 | 0 | 1 | 3 | 0 | 534 | 446 | 489 | 550 |
| Inventories | 271 | 424 | 560 | 690 | 929 | 944 | 994 | 917 | 1,004 | 1,015 | 1,130 | 1,142 | 1,245 | 1,457 | 1,352 | 1,455 | 1,790 |
| Receivables | 710 | 1,432 | 2,409 | 2,382 | 1,339 | 1,630 | 1,322 | 1,048 | 1,073 | 1,057 | 827 | 1,081 | 1,137 | 1,487 | 2,688 | 3,271 | 4,250 |
| Cash & equivalents | 4 | 710 | 76 | 204 | 46 | 5 | 7 | 129 | 67 | 22 | 22 | 7 | 12 | 361 | 21 | 50 | 131 |
Cash flow
annual · ₹ crore · line = free cash flow| FY14‡ | FY15‡ | FY16‡ | FY17‡ | FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -76 | -106 | -163 | 114 | 147 | 733 | -112 | -422 | -422 | -1,099 | -147 | 138 | -598 |
| Cash from investing | -44 | -148 | -969 | -5 | -264 | -346 | -49 | -127 | -127 | 231 | -740 | -406 | -850 |
| Cash from financing | 120 | 958 | 501 | 19 | 76 | -385 | 282 | 486 | 486 | 824 | 878 | 277 | 1,558 |
| Capex | 44 | 104 | 404 | 290 | 137 | 296 | 120 | 179 | 179 | 388 | 751 | 620 | 649 |
| Free cash flow | -120 | -210 | -567 | -176 | 10 | 437 | -232 | -601 | -601 | -1,487 | -898 | -483 | -1,247 |
| Dividends paid | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹2,490 cr21%
CWIP₹247 cr2%
Investments₹550 cr5%
Inventories₹1,790 cr15%
Receivables₹4,250 cr35%
Cash & equivalents₹131 cr1%
Other assets₹2,609 cr22%
Peer comparison
largest in Capital Goods · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd. | 3,33,052 | 4,980.00 | 35.7 | 8.12 | 22.7% |
| Bharat Electronics Ltd. | 2,89,468 | 396.00 | 45.2 | 11.02 | 24.4% |
| Tata Motors Ltd. | 1,56,797 | 425.50 | 24.8 | 10.26 | 41.3% |
| Bharat Heavy Electricals Ltd. | 1,45,828 | 418.80 | 50.7 | 5.45 | 10.8% |
| ABB India Ltd. | 1,43,541 | 6,774.00 | 55.7 | 15.37 | 27.6% |
| Siemens Ltd. | 1,26,736 | 3,560.00 | 28.2 | 8.02 | 28.4% |
| Hitachi Energy India Ltd. | 1,23,988 | 27,800.00 | 107.8 | 23.95 | 22.2% |
| CG Power and Industrial Solutions Ltd. | 1,21,786 | 773.00 | 89.1 | 13.94 | 15.6% |
| Polycab India Ltd. | 1,18,610 | 7,871.00 | 37.6 | 9.06 | 24.1% |
| Cummins India Ltd. | 1,12,233 | 4,048.80 | 49.8 | 13.52 | 27.1% |
| Inox Wind Ltd. | 11,199 | 64.80 | 32.5 | 1.75 | 5.4% |
StoxGud checklist: Bearish setup · 3/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-3.4%
6 months-39.2%
1 year-58.5%
3Y CAGR+2.8%
5Y CAGR+13.3%
10Y CAGR+2.4%
50-day avg₹68.90
200-day avg₹84.75
RSI (14)45
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FAQs
What is the share price of Inox Wind Ltd.?
Inox Wind Ltd. (INOXWIND) closed at ₹64.80 on NSE on 06 Nov 2026.
What is the market cap of Inox Wind Ltd.?
₹11,199 crore at the latest close.
What is the P/E ratio of Inox Wind Ltd.?
32.5, on trailing-twelve-month earnings from its filings.
How fast is Inox Wind Ltd. growing?
Inox Wind Ltd.: revenue has compounded at 81.4% a year over three years. Latest-quarter revenue is down 1.5% year on year, profit down 58.4%.
How profitable is Inox Wind Ltd.?
On a trailing-twelve-month basis return on equity is 5.4%, return on capital employed 10.6%, operating margin 19.6%, net margin 7.9%.
How much debt does Inox Wind Ltd. have?
Inox Wind Ltd. is lightly geared: debt to equity is 0.24 with borrowings of ₹1,551 cr against cash of ₹131 cr (balance sheet of 2026-03-31). Operating profit covers interest 3.8 times.
Financials parsed from Inox Wind Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
Inox Wind Ltd. · advanced chart