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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Inox Wind Ltd

About the Company - Inox Wind Ltd

Inox Wind Ltd. is a Public Limited Listed company incorporated on 09/04/2009 and has its registered office in the State of Himachal Pradesh, India. Company’s Corporate Identification Number(CIN) is L31901HP2009PLC031083 and registration number is 031083. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 518.24 Cr. and Equity Capital is Rs. 221.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyPlot No.1, Khasra No.264 to 267, UNA Dist. Himachal Pradesh 174303investors.iwl@inoxwind.com
http://www.inoxwind.com
Management
NamePosition Held
Mr. Shanti Prashad JainIndependent Director
Ms. Bindu SaxenaIndependent Director
Mr. V SankaranarayananIndependent Director
Mr. Devansh JainWhole Time Director
Mr. Manoj Shambhu DixitWhole Time Director
Mr. Mukesh ManglikNon Executive Director

Basic Stock Data of Inox Wind Ltd

Last Updated: June 22, 2024, 10:41 pm

Market Cap 18,385 Cr.
Current Price 141
High / Low177/37.1
Stock P/E
Book Value 13.0
Dividend Yield0.00 %
ROCE4.25 %
ROE1.71 %
Face Value 10.0
PEG Ratio0.00

Inox Wind Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales203.80239.17169.36165.84152.03137.40210.62107.11226.21192.77341.42370.64503.45
Expenses201.39359.38168.11162.64184.03422.20238.74130.65401.54222.61316.08322.31410.68
Operating Profit2.41-120.211.253.20-32.00-284.80-28.12-23.54-175.33-29.8425.3448.3392.77
OPM %1.18%-50.26%0.74%1.93%-21.05%-207.28%-13.35%-21.98%-77.51%-15.48%7.42%13.04%18.43%
Other Income5.6456.291.451.6733.8846.522.380.292.864.402.1116.151.32
Interest70.4560.9462.7168.6568.7282.6182.4390.3394.3469.6564.3963.9862.72
Depreciation22.8822.8620.4822.0925.8520.2525.6223.8326.4328.6125.8626.2528.05
Profit before tax-85.28-147.72-80.49-85.87-92.69-341.14-133.79-137.41-293.24-123.70-62.80-25.753.32
Tax %39.06%28.33%34.72%33.02%31.01%25.03%2.99%2.62%1.83%3.59%-2.85%-4.23%45.48%
Net Profit-51.97-105.87-52.54-57.52-63.95-255.76-129.79-133.81-287.86-119.26-64.59-26.841.81
EPS in Rs-2.34-4.70-2.36-2.58-2.80-11.52-4.66-4.79-10.36-3.61-1.96-0.740.03

Last Updated: June 7, 2024, 4:31 am

Inox Wind Ltd Quarterly Chart

Inox Wind Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0591,5672,7094,4453,4054651,4367607116257371,408
Expenses8621,3912,2843,7112,8635481,2878779029259981,272
Operating Profit196176425734542-83149-116-191-300-261137
OPM %19%11%16%17%16%-18%10%-15%-27%-48%-35%10%
Other Income5947488426231176191924
Interest39466298155171169244255283341261
Depreciation9122035445266808889106109
Profit before tax154128389649427-280-62-430-459-653-689-209
Tax %2%-4%24%29%29%33%36%35%33%26%3%
Net Profit150132296461303-188-40-279-307-483-671-209
EPS in Rs37.586.6113.3620.7813.67-8.45-1.78-12.60-13.77-21.64-20.46-6.28
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%

Inox Wind Ltd Profit & Loss Yearly Chart

Inox Wind Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:4%
3 Years:35%
TTM:137%
Compounded Profit Growth
10 Years:%
5 Years:5%
3 Years:24%
TTM:96%
Stock Price CAGR
10 Years:%
5 Years:53%
3 Years:91%
1 Year:260%
Return on Equity
10 Years:-6%
5 Years:-24%
3 Years:-28%
Last Year:-2%

Last Updated: June 15, 2024, 4:38 pm

Inox Wind Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital40200222222222222222222222222326326
Reserves2562281,1701,6651,9681,7821,7431,4641,0946881,4101,323
Preference Capital0000000009180
Borrowings3755578741,4571,6741,0621,3051,1211,5661,7192,4162,726
Other Liabilities2794959301,4341,2911,0321,4712,4852,5823,3351,9302,008
Total Liabilities9501,4803,1964,7785,1554,0984,7415,2925,4645,9656,0826,382
Fixed Assets1571742035277659859731,2281,1911,3431,6191,348
CWIP4254943112206633230148123210
Investments04506325309194333313
Other Assets7891,2352,9444,1464,0243,0943,6113,9364,0104,4404,3404,821
Total Assets9501,4803,1964,7785,1554,0984,7415,2925,4645,9656,0826,382

Inox Wind Ltd Reserves and Borrowings Chart

Inox Wind Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -121-76-106-163114269147733-112-475-1,100
Cash from Investing Activity -135-44-148-968-5332-264-346-49-74231
Cash from Financing Activity 21912095850119-76076-385282486824
Net Cash Flow-370704-630128-159-402122-62-45

Inox Wind Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1721651931982551,051414635538627410
Inventory Days4310593741332,8654111,363733940843
Days Payable1221641551581871,6533871,446829663460
Cash Conversion Cycle931071301152022,263438552442905792
Working Capital Days162134157162212993331133144489741
ROCE %21%28%26%16%-3%3%-6%-8%-11%-8%

Inox Wind Ltd Financial Efficiency Indicators Chart

Inox Wind Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.39%66.82%67.55%67.55%72.24%72.24%72.24%72.01%72.01%64.64%52.87%52.87%
FIIs2.07%2.27%2.38%2.74%2.20%2.51%2.20%1.89%2.57%3.48%9.49%9.47%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%6.54%9.88%10.16%
Public24.54%30.91%30.06%29.70%25.56%25.26%25.56%26.10%25.33%25.34%27.76%27.49%
No. of Shareholders47,29352,14758,25159,62459,73754,83454,14153,21253,90670,51287,9021,17,484

Inox Wind Ltd Shareholding Pattern Chart

No. of Inox Wind Ltd Shareholders

Inox Wind Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund8,960,0000.52194.21770,1492024-06-221063.41%
ICICI Prudential Multicap Fund3,058,2600.7666.29770,1492024-06-22297.1%
Nippon India Value Fund2,500,0000.9654.19770,1492024-06-22224.61%
ICICI Prudential ELSS Tax Saver Fund2,406,5890.4752.16770,1492024-06-22212.48%
Bandhan Focused Equity Fund1,555,8612.6133.72770,1492024-06-22102.02%
ITI Small Cap Fund1,482,3851.9532.13770,1492024-06-2292.48%
ICICI Prudential Equity & Debt Fund1,002,1990.0821.72770,1492024-06-2230.13%
Bandhan Small Cap Fund962,9380.9420.87770,1492024-06-2225.03%
ICICI Prudential MidCap Fund953,5540.4920.67770,1492024-06-2223.81%
ICICI Prudential Child Care - Gift Fund770,1491.716.69770,1492024-06-220%

Inox Wind Ltd ROCE Trend

Inox Wind Ltd EPS Trend

Inox Wind Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.63-20.58-19.37-13.84-12.59
Diluted EPS (Rs.)-1.63-20.58-19.37-13.84-12.59
Cash EPS (Rs.)1.75-17.32-15.37-8.68-8.98
Book Value[Excl.RevalReserv]/Share (Rs.)67.2469.3842.8459.3175.95
Book Value[Incl.RevalReserv]/Share (Rs.)67.2469.3842.8459.3175.95
Revenue From Operations / Share (Rs.)53.4822.6128.1532.0334.26
PBDIT / Share (Rs.)9.96-7.43-10.31-4.02-4.78
PBIT / Share (Rs.)6.59-10.69-14.31-7.98-8.39
PBT / Share (Rs.)-1.45-21.14-27.05-19.50-19.38
Net Profit / Share (Rs.)-1.62-20.58-19.37-12.65-12.60
NP After MI And SOA / Share (Rs.)-1.24-20.46-19.26-13.77-12.60
PBDIT Margin (%)18.62-32.88-36.63-12.54-13.94
PBIT Margin (%)12.32-47.28-50.83-24.92-24.50
PBT Margin (%)-2.70-93.51-96.09-60.87-56.57
Net Profit Margin (%)-3.03-91.00-68.80-39.49-36.78
NP After MI And SOA Margin (%)-2.31-90.48-68.42-42.99-36.79
Return on Networth / Equity (%)-2.38-38.40-46.95-23.21-16.59
Return on Capital Employeed (%)8.47-10.74-12.30-9.73-10.16
Return On Assets (%)-0.59-10.96-7.16-5.59-5.28
Long Term Debt / Equity (X)0.150.510.480.340.07
Total Debt / Equity (X)1.911.391.891.090.50
Asset Turnover Ratio (%)0.270.120.100.100.11
Current Ratio (X)0.781.090.930.830.92
Quick Ratio (X)0.490.680.630.580.63
Inventory Turnover Ratio (X)0.870.470.520.360.22
Interest Coverage Ratio (X)1.31-0.71-0.80-0.34-0.43
Interest Coverage Ratio (Post Tax) (X)0.85-0.96-0.52-0.09-0.14
Enterprise Value (Cr.)20685.525704.113991.052750.651096.37
EV / Net Operating Revenue (X)11.877.746.393.871.44
EV / EBITDA (X)63.70-23.54-17.44-30.85-10.35
MarketCap / Net Operating Revenue (X)9.754.133.932.190.54
Price / BV (X)10.011.752.701.180.24
Price / Net Operating Revenue (X)9.754.133.932.190.54
EarningsYield0.00-0.21-0.17-0.19-0.67

Inox Wind Ltd Profitability Ratios (%)

Inox Wind Ltd Liquidity Ratios

Inox Wind Ltd Liquidity Ratios (%)

Inox Wind Ltd Interest Coverage Ratios (%)

Inox Wind Ltd Valuation Ratios

Fair Value

Fair Value: 3.40

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 97.59% compared to the current price 141

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 5.06

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 96.41% compared to the current price ₹141

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 48.90%

*Investments are subject to market risks

Strength and Weakness of Inox Wind Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,232.58 cr) compared to borrowings (76.50 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 5.27%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 332.55, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 343.45, which may not be favorable.
  4. The company has not shown consistent growth in sales (275.92) and profit (-86.25).

FAQ

What is the latest fair value of Inox Wind Ltd?

The latest fair value of Inox Wind Ltd is ₹3.40.

What is the Market Cap of Inox Wind Ltd?

The Market Cap of Inox Wind Ltd is 18,385 Cr..

What is the current Stock Price of Inox Wind Ltd as on 23 June 2024?

The current stock price of Inox Wind Ltd as on 23 June 2024 is ₹141.

What is the High / Low of Inox Wind Ltd stocks in FY 2024?

In FY 2024, the High / Low of Inox Wind Ltd stocks is 177/37.1.

What is the Stock P/E of Inox Wind Ltd?

The Stock P/E of Inox Wind Ltd is .

What is the Book Value of Inox Wind Ltd?

The Book Value of Inox Wind Ltd is 13.0.

What is the Dividend Yield of Inox Wind Ltd?

The Dividend Yield of Inox Wind Ltd is 0.00 %.

What is the ROCE of Inox Wind Ltd?

The ROCE of Inox Wind Ltd is 4.25 %.

What is the ROE of Inox Wind Ltd?

The ROE of Inox Wind Ltd is 1.71 %.

What is the Face Value of Inox Wind Ltd?

The Face Value of Inox Wind Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Inox Wind Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE