Inox Wind

NSE: INOXWINDBSE: 539083

₹ 59.00▲ 0.44 (+0.75%)28 Oct, 03:28 pm IST

Market cap: ₹ 10,179 Cr.
P/E: 29.6x
P/B: 1.68x
52-week range: 57.78 – 159.3
ROE: 7%
ROCE: 10%
Dividend yield: 0%
Debt / equity: 0.25
Sector: Electrical Equipment
Industry: Heavy Electrical Equipment
Listed on: NSE, BSE

About

Inox Wind Limited is an India-based wind energy solutions provider servicing independent power producers, utilities, public sector units and corporate investors. The Company is engaged in the business of manufacturing and selling wind turbine generators (WTGs). It provides erection, procurement and commissioning (EPC), operations and maintenance and common infrastructure facilities services for WTGs and wind farm development services. It is also engaged in the business of generation and sale of wind energy and holds a strategic business interest in renewable energy. Its subsidiary, Inox Green Energy Services Ltd., is the pure-play renewable operation and maintenance services company in India. Its subsidiary, Inox Renewable Solutions, provides EPC services for wind projects and develops common infrastructure, including power evacuation infrastructure, for renewable projects. Its wind turbine products include INOX DF 2000 with RD 93, RD 100 and RD 113 and DF 3000/3300 with RD 145 models.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Heavy Electrical Equipment: 51 companies →

Inox Wind against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

Valuation (P/E)29.6 against a typical 30.4: cheaper than most peers (1st = cheapest).23rd of 50
Sales growth−1.5% against a typical +23.8% from a year earlier.36th of 41
Profit growth−34% against a typical +24.6% from a year earlier.33rd of 40
Share price, 3 months−23% against a typical −8.7%.40th of 45
Size₹ 10,179.3 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).16th of 47

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated AA- to A+ by 2 agencies

A+

DefaultRiskyModerateSafeVery safe

All agencies agree and none has raised a warning.

Agency	Current rating	Outlook	As of
Acuite	ACUITE AA-	Stable	20 Aug 2026
CRISIL	Withdrawn	—	16 Jun 2026
CARE	CARE A+ / CARE A1+	Positive	16 Mar 2026

Credit rating actions
		Rating
20 Aug 2026	Reaffirmed	ACUITE AA-	—	Acuite	₹ 2,601.5 Cr.
16 Jun 2026	Withdrawn	—	—	CRISIL	₹ 1,250 Cr.
8 May 2026	Reaffirmed	ACUITE AA-	—	Acuite	₹ 2,601.5 Cr.
16 Mar 2026	Reaffirmed	CARE A+ / CARE A1+	—	CARE	₹ 1,450 Cr.
28 Jan 2026	Reaffirmed	Crisil A	—	CRISIL	₹ 1,250 Cr.

Board meetings

Results dates and other board meetings. Full calendar

		Details
7 Aug 2026	Financial Results	To consider and approve the financial results for the period ended Jun 30, 2026
29 May 2026	Financial Results/Other business matters	To consider and approve the financial results for the period ended March 31, 2026 and other business matters
13 Feb 2026	Financial Results/Other business matters	To consider and approve the financial results for the period ended December 31, 2025 and other business matters
14 Nov 2025	Financial Results/Other business matters	To consider and approve the financial results for the period ended September 30, 2025 and other business matters
14 Aug 2025	Financial Results/Other business matters	To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters
23 Jul 2025	Other business matters	To consider fixing record date, issue price, entitlement ratio etc. in relation to the Rights Issue

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	371	503	528	640	733	911	1,275	826	1,119	1,207	1,244	814
Expenses	322	411	429	505	567	707	1,021	643	891	926	1,045	662
Operating Profit	48	93	99	135	166	204	254	184	228	282	200	152
OPM %	13%	18%	19%	21%	23%	22%	20%	22%	20%	23%	16%	19%
Other Income	16	1	21	18	11	68	36	36	43	31	61	58
Interest	64	63	57	56	44	34	35	34	51	50	65	57
Depreciation	26	28	30	42	45	47	48	49	51	53	52	59
Profit before tax	−26	3	31	55	88	190	208	138	169	209	144	95
Tax %	4%	45%	−4%	24%	4%	42%	8%	29%	29%	40%	27%	32%
Net Profit	−27	2	33	42	84	110	190	97	121	127	106	64
EPS in Rs	−0.17	0.01	0.34	0.07	0.19	0.84	1.35	0.61	0.53	0.68	0.53	0.25

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth

10 Years: 0%
5 Years: 44%
3 Years: 81%
TTM: 17%

Compounded Profit Growth

10 Years: −1%
5 Years: 27%
3 Years: 38%
TTM: −22%

Stock Price CAGR

10 Years: 5%
5 Years: 20%
3 Years: 14%
TTM: —

Return on Equity

10 Years: −3%
5 Years: −2%
3 Years: 7%
TTM: —

Shareholding

Latest: Jun 2026.

Promoters

44.18%

0 pts in a year

FIIs

14.53%

+0.75 pts in a year

DIIs

10.02%

+0.9 pts in a year

Public

31.28%

−1.65 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 29.6xEPS (12 months) ₹ 1.99Median P/E 27.9x

P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison

Inox Wind	₹ 59.00	₹ 10,179 Cr.	29.6x	1.7x	7%	—
Bharat Heavy Electricals	₹ 387.00	₹ 1,34,756 Cr.	92.4x	5.6x	—	6.8%
Suzlon Energy	₹ 37.40	₹ 51,409 Cr.	22.8x	7.5x	40.6%	19%
Thermax	₹ 3,095.60	₹ 36,999 Cr.	73.4x	10x	13.7%	6.7%
Voltas	₹ 950.00	₹ 31,434 Cr.	112.5x	7x	5.8%	3.5%
AIA Engineering	₹ 3,588.70	₹ 33,490 Cr.	34.1x	5.4x	17%	28.7%

Management

Sanjeev Agarwal: Chief Executive Officer
Shivam Tandon: Chief Financial Officer
Kailash Lal Tarachandani: Group Chief Executive Officer - Renewable Business, INOXGFL Group
Deepak Banga: Compliance Officer, Company Secretary
Manoj Shambhu Dixit: Whole-Time Director
Dev Bhushan Jain: Whole-Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.