Inox Wind Ltd. (INOXWIND) AI Stock Analysis

• Market Cap: ₹335.70B
• Dividend Yield: N/A
• Average Volume (3M): 368.51K
• Price to Earnings (P/E): 46.0
• Beta (1Y): 2.62
• Revenue Growth: 71.99%
• EPS Growth: 119.37%
• Country: IN
• Employees: 998
• Sector: Industrials
• Sector Strength: 72
• Industry: Renewable Utilities
• EPS (TTM): 0.70
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹136.00 ▲(1.12% Upside)

Inox Wind Ltd.'s overall stock score is driven by strong financial performance, particularly in revenue growth and profitability. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

The company has shown significant revenue growth, indicating strong market demand and effective business strategies, which supports long-term financial health.

Market Position

A strong market position in the renewable energy sector, supported by a diverse client base, enhances Inox Wind's competitive advantage and growth prospects.

Profitability Improvement

Improved profitability margins suggest better cost management and pricing strategies, contributing to sustainable financial performance.

Negative Factors

High Leverage

High leverage can increase financial risk and limit flexibility, potentially impacting the company's ability to invest in growth opportunities.

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity issues, which could constrain operational and strategic initiatives if not addressed.

Operational Efficiency Risks

Volatility in operational performance can lead to unpredictability in earnings, affecting investor confidence and long-term strategic planning.

Inox Wind Ltd. Business Overview & Revenue Model

Company Description

Inox Wind Ltd. is a leading player in the renewable energy sector, primarily focused on the manufacturing and installation of wind turbine generators (WTGs) in India. The company operates in various segments, including the development of wind power projects, providing comprehensive solutions for wind energy generation, and offering operations and maintenance services. Inox Wind is recognized for its innovative technology and high-quality products, catering to both domestic and international markets.

How the Company Makes Money

Inox Wind generates revenue through several key streams. Primarily, the company earns money by manufacturing and selling wind turbine generators, which are crucial for harnessing wind energy. Additionally, Inox Wind is involved in the development of wind power projects, where it invests in and builds wind farms, allowing it to generate and sell electricity. The company also provides operation and maintenance services for its wind projects, creating a steady income from ongoing contracts. Partnerships with various stakeholders in the energy sector, including government initiatives promoting renewable energy, further bolster its revenue. The company's ability to secure long-term power purchase agreements (PPAs) with utilities and corporate buyers also plays a significant role in ensuring predictable cash flows and revenue stability.

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. Continued focus on cash flow management and debt reduction will be crucial 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	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: Negative
• Last Price: 134.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• 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 134.5 is below the 20-day moving average (MA) of 144.84, below the 50-day MA of 146.21, and below the 200-day MA of 158.54, indicating a bearish trend. The MACD of -4.01 indicates Positive momentum. The RSI at 30.71 is Neutral, neither overbought nor oversold. The STOCH value of 13.53 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
PARAS	68 Neutral	₹55.89B	87.36	―	0.07%	24.92%	50.07%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
JTEKTINDIA	62 Neutral	₹41.56B	56.13	―	0.45%	4.44%	-25.67%
LLOYDSENGG	58 Neutral	₹88.42B	71.84	―	0.47%	40.02%	26.77%
THERMAX	58 Neutral	₹388.38B	54.72	―	0.48%	3.37%	-19.95%
ISGEC	56 Neutral	₹64.82B	27.46	―	0.60%	-4.14%	-35.66%
INOXWIND	52 Neutral	₹335.70B	46.04	―	―	71.99%	119.37%

Inox Wind Ltd. Corporate Events

Inox Wind Initiates Postal Ballot for Director Re-appointment

Inox Wind Limited has announced a postal ballot to seek shareholder approval for the re-appointment of Shri Manoj Dixit as a Whole-Time Director. The company is utilizing electronic voting to facilitate this process, reflecting a commitment to efficient and modern governance practices. This move underscores Inox Wind’s focus on maintaining strong leadership to drive its strategic goals in the renewable energy sector.

Inox Wind and KP Energy Partner to Develop 2.5 GW Wind Projects in India

Inox Wind Limited has entered into a strategic partnership with KP Energy Limited to jointly develop 2.5 GW of wind and wind-solar hybrid power projects across multiple states in India. This collaboration aims to leverage the complementary strengths of both companies, with Inox Wind supplying equipment and engineering support, while KP Energy handles project development and balance of plant operations. The partnership is expected to enhance the strategic positioning of both companies in the renewable energy sector, enabling them to pursue large-scale opportunities and contribute to India’s clean-energy transition.

Inox Wind and KP Energy Partner to Develop 2.5 GW Wind Projects in India

Inox Wind Limited has announced a strategic partnership with KP Energy Limited to jointly develop 2.5 GW of wind and wind-solar hybrid power projects across India. This collaboration will see Inox Wind supplying turbines and providing engineering and O&M services, while KP Energy will handle project development and balance of plant activities. The partnership is expected to enhance both companies’ capabilities in the renewable energy sector, leveraging their complementary strengths to pursue large-scale projects and support India’s transition to clean energy.

Inox Wind Releases Investor Call Recording on Financial Results

Inox Wind Limited announced the availability of an audio recording from a recent conference call with investors and analysts, discussing the company’s unaudited financial results for the quarter and half year ending September 30, 2025. This announcement reflects Inox Wind’s commitment to transparency and engagement with stakeholders, potentially impacting investor confidence and market perception.

Inox Wind Announces Postal Ballot and E-Voting Details

Inox Wind Limited has announced the publication of a newspaper advertisement regarding the Notice of Postal Ballot and remote e-voting information. The advertisement has been published in the Financial Express and Himachal Dastak newspapers, indicating the completion of dispatch of the Notice of Postal Ballot and providing details about the remote e-voting period. This announcement is part of the company’s compliance with SEBI regulations, ensuring transparency and communication with its stakeholders.

Inox Wind Initiates Electronic Voting for Shareholder Resolutions

Inox Wind Limited has announced the dispatch of a Postal Ballot Notice to its members, seeking approval for resolutions via electronic voting. This move, facilitated by the National Securities Depository Limited, underscores the company’s commitment to leveraging digital solutions for shareholder engagement, potentially enhancing operational efficiency and transparency.

Inox Wind Ensures Shareholder Engagement with Annual Report Dispatch

Inox Wind Limited has announced the dispatch of physical letters to shareholders who have not registered their email addresses, providing them with a weblink to access the company’s Annual Report for the financial year 2024-25 and the Notice of the 16th Annual General Meeting. This move ensures that all shareholders, regardless of their digital connectivity, are informed about the company’s financial performance and upcoming AGM, reflecting Inox Wind’s commitment to transparency and shareholder engagement.

Inox Wind Appoints Madhurima Sayan Das as Independent Director

Inox Wind Limited has announced the appointment of Ms. Madhurima Sayan Das as a Non-Executive Independent Director, effective from September 5, 2025, for an initial term of one year. Ms. Das brings over 30 years of experience in financial advisory services, particularly in mergers and acquisitions, and her expertise is expected to enhance the company’s strategic direction and governance. Her appointment is subject to shareholder approval.

Inox Wind Announces Virtual AGM with Key Resolutions

Inox Wind Limited has announced its 16th Annual General Meeting (AGM) scheduled for September 26, 2025, to be held virtually. Key agenda items include the adoption of financial statements, re-appointment of a director, approval of professional fees for a non-executive director, ratification of cost auditor remuneration, and appointment of secretarial auditors. These decisions are crucial for the company’s operational continuity and governance, impacting stakeholders by ensuring transparency and strategic alignment with industry regulations.