Want to see IN:INOXWIND full AI Analyst Report?
Top Page
Inox Wind Ltd.
(INOXWIND)
Select Model
Select Model
Rating:56Neutral
Price Target:
₹77.00
▲(7.30% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily held back by weak cash conversion and ongoing cash burn despite improved profitability, with technicals adding a mild headwind due to negative MACD and trading below key longer-term moving averages. Valuation is also not particularly cheap (P/E ~33) and there is no dividend yield provided.
Positive Factors
Revenue growth
Strong revenue expansion indicates improving scale and market demand for the company’s wind power solutions. If execution continues, higher volumes can support operating leverage, strengthen customer reach, and create a larger installed base for future services and aftermarket revenue.
Negative Factors
Weak cash conversion
Persistent negative operating cash flow shows that reported profits are not yet converting into cash, while deeply negative free cash flow indicates substantial funding needs. If sustained, this can constrain investment flexibility and increase reliance on external financing for growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Strong revenue expansion indicates improving scale and market demand for the company’s wind power solutions. If execution continues, higher volumes can support operating leverage, strengthen customer reach, and create a larger installed base for future services and aftermarket revenue.
Read all positive factors
Inox Wind Ltd. (INOXWIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹162.03B
Dividend YieldN/A
Average Volume (3M)947.99K
Price to Earnings (P/E)33.2
Beta (1Y)1.92
Revenue Growth17.10%
EPS Growth-40.71%
CountryIN
Employees998
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.24
Shares Outstanding2,169,311,300
10 Day Avg. Volume1,006,157
30 Day Avg. Volume947,987
Financial Highlights & Ratios
PEG Ratio-12.87
Price to Book (P/B)1.81
Price to Sales (P/S)2.62
P/FCF Ratio-8.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.57
Revenue Forecast (FY)₹66.22B
Inox Wind Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Noida, India, and established in 2009, Inox Wind Limited operates as a subsidiary of Inox Wind Energy Limited. The company plays a significant role in the Indian renewable energy landscape, specializing in the production and suppl...
How the Company Makes Money
Inox Wind primarily makes money by selling wind turbine generators and associated equipment and services used to build wind power projects. Key revenue streams typically include: (1) WTG and component sales: revenue from supplying wind turbines an...
Inox Wind Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.85B | 43.97B | 35.07B | 16.59B | 7.31B | 6.25B |
| Gross Profit | 14.20B | 12.12B | 12.34B | 4.30B | 737.98M | 1.17B |
| EBITDA | 9.97B | 10.63B | 8.15B | 2.54B | -3.15B | -2.82B |
| Net Income | 3.44B | 4.05B | 4.48B | -356.52M | -6.67B | -4.80B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 120.68B | 87.95B | 67.95B | 60.83B | 59.65B |
| Cash, Cash Equivalents and Short-Term Investments | 6.12B | 6.12B | 3.94B | 2.81B | 2.71B | 588.10M |
| Total Debt | 0.00 | 15.87B | 15.00B | 32.48B | 24.16B | 17.54B |
| Total Liabilities | -76.92B | 43.76B | 31.89B | 46.03B | 38.22B | 40.95B |
| Stockholders Equity | 76.92B | 63.82B | 50.47B | 16.97B | 17.13B | 18.28B |
Cash Flow | ||||||
| Free Cash Flow | -7.25B | -14.14B | -7.47B | -8.98B | -14.87B | -6.01B |
| Operating Cash Flow | -4.20B | -7.64B | -1.26B | -3.60B | -10.99B | -4.22B |
| Investing Cash Flow | -2.59B | -8.50B | -4.06B | -5.28B | 2.31B | -1.27B |
| Financing Cash Flow | 7.08B | 17.24B | 5.41B | 8.78B | 8.24B | 4.86B |
Inox Wind Ltd. Technical Analysis
Neutral
71.76
Price Trends
77.92
Negative
86.27
Negative
97.34
Negative
Market Momentum
-1.63
Negative
50.19
Neutral
67.44
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 71.76 is below the 20-day moving average (MA) of 73.33, below the 50-day MA of 77.92, and below the 200-day MA of 97.34, indicating a neutral trend. The MACD of -1.63 indicates Negative momentum. The RSI at 50.19 is Neutral, neither overbought nor oversold. The STOCH value of 67.44 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹623.77B | 19.89 | ― | ― | 45.24% | 49.53% | |
56 Neutral | ₹162.03B | 33.21 | ― | ― | 17.10% | -40.71% | |
55 Neutral | ₹60.69B | 13.26 | ― | 0.28% | 40.01% | 27.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹753.23B | 125.63 | ― | ― | 42.12% | 8.54% | |
45 Neutral | ₹2.14T | 121.05 | ― | ― | 10.30% | 1.33% |
* General Sector Average
IN:INOXWIND
Inox Wind Ltd.
75.45
-72.05
-48.85%
IN:ADANIGREEN
Adani Green Energy Limited
1,288.95
352.10
37.58%
IN:KPIGREEN
KPI Green Energy Limited
302.50
-181.76
-37.53%
IN:NTPCGREEN
NTPC Green Energy Limited
88.18
-14.77
-14.35%
IN:SUZLON
Suzlon Energy Ltd
45.52
-11.92
-20.75%
IN:ENRIN
Siemens Energy India Limited
3,122.55
-387.35
-11.04%
Inox Wind Ltd. Corporate Events
Inox Wind Sets 2026 AGM, Seeks Higher Borrowing Limit and Board Reappointments
Sep 3, 2026
Inox Wind Limited has scheduled its seventeenth Annual General Meeting for 25 September 2026, to be held via video conferencing, where shareholders will consider and adopt the audited standalone and consolidated financial statements for the year e...
Inox Wind Promoters Reorganise Stake via Exempt Inter-Se Share Transfer
Aug 27, 2026
The promoter and promoter group of Inox Wind have executed an internal restructuring of their shareholding through an inter-se transfer of 3,000,000 equity shares, or 0.17% of diluted capital, between Devansh Trademart LLP and Inox Leasing and Fin...
Inox Wind Promoter Group Plans Internal Share Transfer of 0.17% Equity
Aug 18, 2026
Devansh Trademart LLP, a member of Inox Wind’s promoter group, has notified exchanges of its plan to acquire 30 lakh shares, representing 0.17% of the company’s equity, from fellow promoter entity Inox Leasing and Finance via an inter-...
Inox Wind Wins ₹1,600 Crore, 200 MW Turnkey Order from NLC India
Jul 29, 2026
Inox Wind has secured a 200 MW turnkey wind power order from NLC India Limited, valued at about ₹1,600 crore and scheduled for commissioning within 24 months from the letter of award. The contract covers end-to-end project execution, from tu...
Inox Wind Files Voting Results for 13th Extraordinary General Meeting
Jun 23, 2026
Inox Wind Limited has reported the voting results and combined scrutinizer’s report for its 13th Extraordinary General Meeting, held on June 22, 2026 via video conferencing and other audio-visual means. The company disclosed that the consoli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.