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Last Updated on: 27 February, 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

Inox Wind Ltd. Share Price Update

Share PriceValue
Today₹516.10
Previous Day₹552.65

Basic Stock Data of Inox Wind Ltd

Market Cap 19,933 Cr.
Current Price 612
High / Low645/91.1
Stock P/E
Book Value 50.6
Dividend Yield0.00 %
ROCE8.37 %
ROE50.2 %
Face Value 10.0

Data Source: screener.in

Inox Wind Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales171204239169166152137211107226193341371
Expenses210201359168163184422239131402223316322
Operating Profit-392-12013-32-285-28-24-175-302548
OPM %-23%1%-50%1%2%-21%-207%-13%-22%-78%-15%7%13%
Other Income66561234472034216
Interest61706163696983829094706464
Depreciation21232320222620262426292626
Profit before tax-116-85-148-80-86-93-341-134-137-293-124-63-26
Tax %34%39%28%35%33%31%25%3%3%2%4%-3%-4%
Net Profit-76-52-106-53-58-64-256-130-134-288-119-65-27
EPS in Rs-3.42-2.34-4.70-2.36-2.58-2.80-11.52-4.66-4.79-10.36-3.61-1.96-0.74

Inox Wind Ltd Quarterly Chart

Inox Wind Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0591,5672,7094,4453,4054651,4367607116257371,131
Expenses8621,3912,2843,7112,8635481,2878779029259981,263
Operating Profit196176425734542-83149-116-191-300-261-132
OPM %19%11%16%17%16%-18%10%-15%-27%-48%-35%-12%
Other Income5947488426231176191926
Interest39466298155171169244255283341292
Depreciation9122035445266808889106107
Profit before tax154128389649427-280-62-430-459-653-689-505
Tax %2%-4%24%29%29%33%36%35%33%26%3%
Net Profit150132296461303-188-40-279-307-483-671-499
EPS in Rs37.586.6113.3620.7813.67-8.45-1.78-12.60-13.77-21.64-20.46-16.67
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:-4%
5 Years:10%
3 Years:-1%
TTM:86%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:14%
Stock Price CAGR
10 Years:%
5 Years:53%
3 Years:101%
1 Year:476%
Return on Equity
10 Years:-5%
5 Years:-23%
3 Years:-37%
Last Year:-50%

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters73.39%73.39%66.82%67.55%67.55%72.24%72.24%72.24%72.01%72.01%64.64%52.87%
FIIs1.78%2.07%2.27%2.38%2.74%2.20%2.51%2.20%1.89%2.57%3.48%9.49%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%6.54%9.88%
Public24.82%24.54%30.91%30.06%29.70%25.56%25.26%25.56%26.10%25.33%25.34%27.76%
No. of Shareholders44,41047,29352,14758,25159,62459,73754,83454,14153,21253,90670,51287,902

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)
Nippon India Small Cap Fund89600000.52194.21
ICICI Prudential Multicap Fund30582600.7666.29
Nippon India Value Fund25000000.9654.19
ICICI Prudential ELSS Tax Saver Fund24065890.4752.16
Bandhan Focused Equity Fund15558612.6133.72
ITI Small Cap Fund14823851.9532.13
ICICI Prudential Equity & Debt Fund10021990.0821.72
Bandhan Small Cap Fund9629380.9420.87
ICICI Prudential MidCap Fund9535540.4920.67
ICICI Prudential Child Care - Gift Fund7701491.716.69

Inox Wind Ltd ROCE Trend

Inox Wind Ltd EPS Trend

Inox Wind Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-20.58-19.37-13.84-12.59-1.80
Diluted EPS (Rs.)-20.58-19.37-13.84-12.59-1.80
Cash EPS (Rs.)-17.32-15.37-8.68-8.981.19
Book Value[Excl.RevalReserv]/Share (Rs.)69.3842.8459.3175.9588.52
Book Value[Incl.RevalReserv]/Share (Rs.)69.3842.8459.3175.9588.52
Revenue From Operations / Share (Rs.)22.6128.1532.0334.2664.77
PBDIT / Share (Rs.)-7.43-10.31-4.02-4.786.56
PBIT / Share (Rs.)-10.69-14.31-7.98-8.393.59
PBT / Share (Rs.)-21.14-27.05-19.50-19.38-2.79
Net Profit / Share (Rs.)-20.58-19.37-12.65-12.60-1.79
NP After MI And SOA / Share (Rs.)-20.46-19.26-13.77-12.60-1.78
PBDIT Margin (%)-32.88-36.63-12.54-13.9410.13
PBIT Margin (%)-47.28-50.83-24.92-24.505.53
PBT Margin (%)-93.51-96.09-60.87-56.57-4.30
Net Profit Margin (%)-91.00-68.80-39.49-36.78-2.76
NP After MI And SOA Margin (%)-90.48-68.42-42.99-36.79-2.75
Return on Networth / Equity (%)-38.40-46.95-23.21-16.59-2.01
Return on Capital Employeed (%)-10.74-12.30-9.73-10.163.36
Return On Assets (%)-10.96-7.16-5.59-5.28-0.83
Long Term Debt / Equity (X)0.510.480.340.070.16
Total Debt / Equity (X)1.391.891.090.500.55
Asset Turnover Ratio (%)0.120.100.100.110.34
Current Ratio (X)1.090.930.830.921.29
Quick Ratio (X)0.680.630.580.630.89
Inventory Turnover Ratio (X)0.470.520.360.221.21
Interest Coverage Ratio (X)-0.71-0.80-0.34-0.430.86
Interest Coverage Ratio (Post Tax) (X)-0.96-0.52-0.09-0.140.60
Enterprise Value (Cr.)5704.113991.052750.651096.372440.84
EV / Net Operating Revenue (X)7.746.393.871.441.70
EV / EBITDA (X)-23.54-17.44-30.85-10.3516.76
MarketCap / Net Operating Revenue (X)4.133.932.190.541.03
Price / BV (X)1.752.701.180.240.75
Price / Net Operating Revenue (X)4.133.932.190.541.03
EarningsYield-0.21-0.17-0.19-0.67-0.02

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 of Inox Wind Ltd Stock

Fair Value: ₹388.64

The stock is overvalued by 36.50% compared to the current price ₹612

*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 is trading at a high valuation with an average P/B ratio of -7.56 and average Dividend Yield of -28.40%.
  2. The stock has a low average ROCE of 5.27%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 332.55, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 343.45, which may not be favorable.
  5. The company has not shown consistent growth in sales (275.92) and profit (-110.92).

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