Inox Wind Ltd. (IN:INOXWIND)
:INOXWIND
Want to see IN:INOXWIND full AI Analyst Report?
Top Page
Inox Wind Ltd.
(INOXWIND)
Select Model
Select Model
Rating:54Neutral
Price Target:
₹85.00
▼(-32.43% Downside)
Action:Reiterated
Date:06/02/26
The score is held back primarily by persistent negative operating and free cash flow despite improved profitability, and by weak technicals with the stock trading below key moving averages. A healthier balance sheet helps, but the P/E (~30.9) offers limited valuation cushion without a dividend yield.
Positive Factors
Profitability Turnaround
Sustained positive net margins across FY2025–FY2026 show the company has moved from loss-making to commercially viable operations. This improvement supports internal reinvestment, debt servicing and long-term project bidding capability, making earnings durability likelier over the next 2–6 months.
Negative Factors
Weak Cash Conversion
Consistent negative operating and free cash flow despite accounting profits indicates earnings do not convert to cash. Persistent cash burn limits self-funding of projects and maintenance, forcing reliance on external capital and raising execution risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Turnaround
Sustained positive net margins across FY2025–FY2026 show the company has moved from loss-making to commercially viable operations. This improvement supports internal reinvestment, debt servicing and long-term project bidding capability, making earnings durability likelier over the next 2–6 months.
Read all positive factors
Inox Wind Ltd. (INOXWIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹183.35B
Dividend YieldN/A
Average Volume (3M)368.51K
Price to Earnings (P/E)31.1
Beta (1Y)2.03
Revenue Growth23.61%
EPS Growth-20.82%
CountryIN
Employees998
SectorIndustrials
Sector Strength72
IndustryRenewable Utilities
Share Statistics
EPS (TTM)3.62
Shares Outstanding2,169,311,300
10 Day Avg. Volume427,804
30 Day Avg. Volume368,512
Financial Highlights & Ratios
PEG Ratio-12.87
Price to Book (P/B)1.81
Price to Sales (P/S)2.62
P/FCF Ratio-8.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.1
Revenue Forecast (FY)₹77.10B
Inox Wind Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Noida, India, and established in 2009, Inox Wind Limited operates as a subsidiary of Inox Wind Energy Limited. The company plays a significant role in the Indian renewable energy landscape, specializing in the production and suppl...
How the Company Makes Money
Inox Wind primarily makes money by selling wind turbine generators (WTGs) and related wind-farm solutions to customers that develop, own, or operate wind power projects. Its revenue model typically includes (1) equipment sales: revenue from supply...
Inox Wind Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.81B | 43.97B | 35.07B | 16.59B | 7.31B | 6.25B |
| Gross Profit | 14.51B | 12.12B | 12.34B | 4.30B | 737.98M | 1.17B |
| EBITDA | 9.71B | 8.91B | 8.15B | 2.54B | -3.15B | -2.82B |
| Net Income | 5.01B | 4.05B | 4.48B | -356.52M | -6.67B | -4.80B |
Balance Sheet | ||||||
| Total Assets | 100.05B | 120.68B | 87.95B | 67.95B | 60.83B | 59.65B |
| Cash, Cash Equivalents and Short-Term Investments | 6.87B | 7.54B | 3.94B | 2.81B | 2.71B | 588.10M |
| Total Debt | 11.40B | 15.87B | 15.00B | 32.48B | 24.16B | 17.54B |
| Total Liabilities | 27.50B | 43.76B | 31.89B | 46.03B | 38.22B | 40.95B |
| Stockholders Equity | 66.73B | 63.82B | 50.47B | 16.97B | 17.13B | 18.28B |
Cash Flow | ||||||
| Free Cash Flow | -7.25B | -14.14B | -7.47B | -8.98B | -14.87B | -6.01B |
| Operating Cash Flow | -4.20B | -7.64B | -1.26B | -3.60B | -10.99B | -4.22B |
| Investing Cash Flow | -2.59B | -8.50B | -4.06B | -5.28B | 2.31B | -1.27B |
| Financing Cash Flow | 7.08B | 17.24B | 5.41B | 8.78B | 8.24B | 4.86B |
Inox Wind Ltd. Technical Analysis
Negative
125.80
Price Trends
92.73
Negative
96.15
Negative
118.28
Negative
Market Momentum
-3.10
Positive
36.11
Neutral
23.59
Neutral
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 125.8 is above the 20-day moving average (MA) of 92.59, above the 50-day MA of 92.73, and above the 200-day MA of 118.28, indicating a bearish trend. The MACD of -3.10 indicates Positive momentum. The RSI at 36.11 is Neutral, neither overbought nor oversold. The STOCH value of 23.59 is Neutral, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹746.81B | 23.67 | ― | ― | 53.65% | 51.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ₹77.05B | 15.91 | ― | 0.20% | 55.34% | 45.62% | |
57 Neutral | ₹2.46T | 153.73 | ― | ― | 14.13% | 10.67% | |
54 Neutral | ₹183.35B | 31.12 | ― | ― | 23.61% | -20.82% | |
52 Neutral | ₹840.11B | 163.58 | ― | ― | 30.48% | 5.05% |
* Industrials Sector Average
IN:INOXWIND
Inox Wind Ltd.
84.52
-99.43
-54.05%
IN:ADANIGREEN
Adani Green Energy Limited
1,491.65
430.75
40.60%
IN:KPIGREEN
KPI Green Energy Limited
390.45
-126.55
-24.48%
IN:NTPCGREEN
NTPC Green Energy Limited
99.70
-12.85
-11.42%
IN:SUZLON
Suzlon Energy Ltd
54.45
-13.84
-20.27%
IN:ENRIN
Siemens Energy India Limited
3,501.00
767.05
28.06%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.