Inox Wind Ltd. (INOXWIND) AI Stock Analysis

• Market Cap: ₹311.40B
• Dividend Yield: N/A
• Average Volume (3M): 325.09K
• Price to Earnings (P/E): 45.6
• Beta (1Y): 2.45
• Revenue Growth: 103.20%
• EPS Growth: N/A
• Country: IN
• Employees: 998
• Sector: Industrials
• Sector Strength: 85
• Industry: Renewable Utilities
• EPS (TTM): N/A
• Shares Outstanding: 2,197,585,200
• 10 Day Avg. Volume: 286,816
• 30 Day Avg. Volume: 325,093
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹185.00
• Price Target Upside: 31.44% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: ₹185.00 ▲(31.44% Upside)

Inox Wind Ltd.'s strong financial performance and revenue growth are key strengths. However, high leverage and valuation concerns, combined with neutral technical indicators, contribute to a moderate overall score. Focus on improving cash flow and managing debt is essential for future growth.

Inox Wind Ltd. Business Overview & Revenue Model

Company Description

Inox Wind Ltd. (INOXWIND) is a leading Indian wind energy solutions provider, engaged in the manufacturing and supply of wind turbine generators and related components. The company operates in the renewable energy sector, offering a comprehensive range of services including wind resource assessment, site acquisition, infrastructure development, and operations and maintenance of wind power projects. Inox Wind serves a diverse clientele, encompassing independent power producers, utilities, and corporate clients, contributing to the growth of sustainable energy in India.

How the Company Makes Money

Inox Wind Ltd. generates revenue through the sale of wind turbine generators and related equipment. The company's business model includes providing turnkey solutions for wind energy projects, which encompasses project development, engineering, procurement, and construction services. In addition to equipment sales, Inox Wind earns from operations and maintenance contracts, ensuring the performance and longevity of installed wind turbines. The company benefits from long-term power purchase agreements with utilities and corporate clients, providing a stable revenue stream. Partnerships with state governments and alignment with national renewable energy policies also play a significant role in supporting Inox Wind's market presence and financial performance.

Inox Wind Ltd. Financial Statement Overview

Summary

Inox Wind Ltd. shows strong revenue growth and improved profitability, indicating positive income trends. However, high leverage and negative free cash flow pose risks that must be managed for long-term stability.

Income Statement

Inox Wind Ltd. has shown a strong recovery in its revenue with a significant growth rate from the previous year. Gross profit and net profit margins have improved, indicating enhanced profitability. However, historical volatility in EBIT and net income suggests potential risks in operational efficiency.

Balance Sheet

The company has strengthened its equity base, resulting in a favorable equity ratio. Despite this, a relatively high debt-to-equity ratio indicates a leveraged position, which could pose risks if not managed carefully. Improved stockholders' equity suggests resilience and capacity for future growth.

Cash Flow

While the free cash flow remains negative, the company has shown improvement in operating cash flow relative to net income. Capital expenditures have been consistently high, impacting free cash flow, but financing activities have supported liquidity needs.

Breakdown	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	35.57B	7.37B	17.43B	6.25B	7.11B
Gross Profit	9.60B	1.26B	2.86B	1.47B	1.21B
EBITDA	8.88B	-3.07B	2.65B	-2.85B	-1.72B
Net Income	4.48B	-6.67B	-404.21M	-4.27B	-3.06B
Balance Sheet
Total Assets	87.95B	60.83B	67.95B	59.65B	54.64B
Cash, Cash Equivalents and Short-Term Investments	3.94B	3.46B	539.25M	588.10M	1.23B
Total Debt	15.00B	23.82B	32.48B	17.54B	16.00B
Total Liabilities	31.89B	38.22B	46.03B	40.95B	41.48B
Stockholders Equity	50.47B	17.36B	16.97B	18.28B	13.16B
Cash Flow
Free Cash Flow	-7.47B	-14.87B	-8.98B	-6.01B	-2.32B
Operating Cash Flow	-1.26B	-10.99B	-3.60B	-4.22B	-1.12B
Investing Cash Flow	-4.06B	2.31B	-5.28B	-1.27B	-485.92M
Financing Cash Flow	5.41B	8.24B	8.78B	4.86B	2.82B

Inox Wind Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 140.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INOXWIND, the sentiment is Negative. The current price of 140.75 is below the 20-day moving average (MA) of 154.39, below the 50-day MA of 165.89, and below the 200-day MA of 172.43, indicating a bearish trend. The MACD of -7.17 indicates Positive momentum. The RSI at 25.57 is Positive, neither overbought nor oversold. The STOCH value of 9.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INOXWIND.

Inox Wind Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THERMAX	73 Outperform	₹392.71B	55.33		0.43%	8.14%	-4.46%
Sector *	71 Outperform	¥268.19B	14.78	8.32%	2.79%	6.24%	10.99%
LLOYDSENGG	61 Neutral	₹98.25B	79.82		0.26%	43.43%	19.88%
INOXWIND	60 Neutral	₹311.40B	45.57		―	103.20%	―
ISGEC	60 Neutral	₹76.86B	30.84		0.38%	3.30%	2.27%
JTEKTINDIA	60 Neutral	₹34.69B	43.20		0.56%	6.85%	-28.21%
PARAS	58 Neutral	₹52.94B	82.74		0.08%	29.62%	51.41%