Inox Wind Ltd. (INOXWIND) AI Stock Analysis

• Market Cap: ₹316.83B
• Dividend Yield: N/A
• Average Volume (3M): 368.51K
• Price to Earnings (P/E): 43.5
• Beta (1Y): 2.53
• Revenue Growth: 83.50%
• EPS Growth: 492.44%
• Country: IN
• Employees: 998
• Sector: Industrials
• Sector Strength: 72
• Industry: Renewable Utilities
• EPS (TTM): 0.60
• Shares Outstanding: 2,169,311,300
• 10 Day Avg. Volume: 427,804
• 30 Day Avg. Volume: 368,512
• PEG Ratio: -0.05
• Price to Book (P/B): 4.07
• Price to Sales (P/S): 5.77
• P/FCF Ratio: -27.52
• 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: ₹188.00
• Price Target Upside: 28.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 60 Neutral
• Price Target: ₹154.00 ▲(5.44% Upside)

Inox Wind Ltd.'s overall stock score is primarily driven by its strong financial performance, particularly in revenue growth and profitability. However, high leverage and negative free cash flow pose significant risks. Technical analysis indicates mixed signals with short-term bullish momentum but potential bearish trends. The stock's high P/E ratio suggests overvaluation, limiting its attractiveness. The absence of earnings call data and corporate events means these factors did not influence the score.

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. demonstrates strong revenue growth and improved profitability, highlighting a positive trend in its income statement. However, the balance sheet reveals a need to manage high leverage, and cash flow challenges persist due to consistently negative free cash flow.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	37.45B	35.57B	17.43B	7.33B	6.25B	7.11B
Gross Profit	12.19B	9.60B	2.86B	-793.72M	1.47B	1.21B
EBITDA	9.69B	8.88B	3.10B	-3.07B	-2.85B	-915.42M
Net Income	5.04B	4.48B	-404.21M	-6.67B	-4.80B	-3.06B
Balance Sheet
Total Assets	0.00	87.95B	67.95B	60.83B	59.65B	54.64B
Cash, Cash Equivalents and Short-Term Investments	3.94B	3.94B	2.81B	2.71B	588.10M	2.42B
Total Debt	0.00	15.00B	32.48B	24.16B	17.54B	16.00B
Total Liabilities	-56.06B	31.89B	46.03B	38.22B	40.95B	41.48B
Stockholders Equity	56.06B	50.47B	16.97B	17.13B	18.28B	13.16B
Cash Flow
Free Cash Flow	0.00	-7.47B	-8.98B	-14.87B	-6.01B	-2.32B
Operating Cash Flow	0.00	-1.26B	-3.60B	-10.99B	-4.22B	-1.12B
Investing Cash Flow	0.00	-4.06B	-5.28B	2.31B	-1.27B	-485.92M
Financing Cash Flow	0.00	5.41B	8.78B	8.24B	4.86B	2.82B

Inox Wind Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 146.05
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INOXWIND, the sentiment is Neutral. The current price of 146.05 is above the 20-day moving average (MA) of 144.76, above the 50-day MA of 144.44, and below the 200-day MA of 160.64, indicating a neutral trend. The MACD of 0.22 indicates Negative momentum. The RSI at 50.61 is Neutral, neither overbought nor oversold. The STOCH value of 63.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:INOXWIND.

Inox Wind Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PARAS	68 Neutral	₹56.87B	88.89	―	0.07%	29.62%	51.41%
THERMAX	65 Neutral	₹374.47B	52.76	―	0.45%	8.14%	-4.46%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
INOXWIND	60 Neutral	₹316.83B	43.46	―	―	83.50%	492.44%
ISGEC	60 Neutral	₹65.43B	27.72	―	0.56%	-2.31%	-8.69%
LLOYDSENGG	60 Neutral	₹86.59B	70.35	―	0.42%	43.43%	19.88%
JTEKTINDIA	57 Neutral	₹41.10B	54.10	―	0.47%	3.94%	-30.18%