Tech Talk

Bom: 539083 – Inox Wind Ltd Share Price

Future Tech Expert - February 17, 2025

Bom: 539083 - Inox Wind Ltd Share Price

Bom: 539083 – Inox Wind Ltd Share Price 

As an investor constantly tracking renewable energy stocks, I’ve been keeping a close eye on Inox Wind (BOM: 539083). Let me break down everything you need to know about this wind energy powerhouse and where it might be headed. 

Understanding Inox Wind Ltd: A Quick Overview 

Inox Wind has established itself as one of India’s leading wind energy solutions providers. They manufacture wind turbine generators and offer turnkey solutions for wind farm projects. What caught my attention is their integrated manufacturing facilities in Gujarat, Himachal Pradesh, and Madhya Pradesh. 

Bom_ 539083

Inox Wind Ltd – Stock Summary 

Parameter  Value 
Market Cap  ₹22,416 Cr. 
Current Price  ₹172 
High / Low  ₹262 / ₹107 
Stock P/E  83.8 
Book Value  ₹17.1 
ROCE  3.17% 
ROE  -0.69% 
Dividend Yield  0.00% 
Face Value  ₹10.0 

Current Market Performance and Recent Trends 

The stock (BOM: 539083) has been showing interesting movements lately. The company’s order book has been growing, particularly with the increasing focus on renewable energy in India. However, like many in the sector, they’ve faced their share of challenges. 

 Peer Comparison 

S.No  Name  CMP Rs.  P/E  Market Cap (Cr.)  Dividend Yield %  NP Qtr (Cr.)  Qtr Profit Var %  Sales Qtr (Cr.)  Qtr Sales Var %  ROCE % 
1  Siemens  4990.85  78.15  177734.40  0.24  614.60  -9.59  3587.20  -3.30  23.61 
2  ABB  5263.75  66.08  111543.27  0.45  440.45  21.68  2912.16  5.16  30.69 
3  CG Power & Ind  552.35  90.14  84444.62  0.24  237.85  21.01  2515.68  27.13  46.63 
4  Suzlon Energy  51.14  59.15  69230.64  0.00  387.76  90.56  2974.83  90.64  24.93 
5  BHEL  193.31  129.68  67311.77  0.13  134.70  123.31  7277.09  32.22  3.37 
6  Waaree Energies  2103.90  61.16  60441.51  0.00  506.88  370.92  3457.29  116.60  43.63 
7  Hitachi Energy  11289.35  152.50  47846.16  0.04  137.38  498.08  1620.27  27.16  17.85 
8  Inox Wind  171.93  83.83  22416.13  0.00  59.24  707.43  927.51  87.47  3.17 

 Quarterly Results 

Quarter  Sales (Cr.)  Expenses (Cr.)  Operating Profit (Cr.)  OPM %  Other Income (Cr.)  Interest (Cr.)  Depreciation (Cr.)  Profit Before Tax (Cr.)  Net Profit (Cr.)  EPS (Rs.) 
Dec 2021  95  124  -29  -30%  33  43  10  -49  -32  -0.36 
Mar 2022  70  283  -213  -304%  32  53  9  -243  -157  -1.77 
Jun 2022  173  216  -43  -25%  4  52  9  -101  -101  -0.91 
Sep 2022  81  117  -37  -46%  6  60  9  -100  -100  -0.90 
Dec 2022  177  375  -198  -112%  241  58  10  -26  -26  -0.23 
Mar 2023  153  194  -41  -27%  7  43  12  -88  -88  -0.68 
Jun 2023  289  290  -1  -0%  -15  41  10  -67  -67  -0.52 
Sep 2023  330  319  11  3%  -14  41  11  -54  -54  -0.41 
Dec 2023  495  445  50  10%  -11  36  10  -7  -7  -0.05 
Mar 2024  470  411  59  13%  -118  32  11  -102  -102  -0.78 
Jun 2024  607  509  98  16%  21  38  12  70  70  0.54 
Sep 2024  676  577  98  15%  12  28  12  70  70  0.54 
Dec 2024  928  751  176  19%  3  32  14  135  59  0.45 

Why Is Inox Wind Share Falling? 

I’ve noticed several factors affecting the stock’s recent performance: 

  • Supply chain disruptions impacting component availability 
  • Rising raw material costs putting pressure on margins 
  • Intense competition in the renewable energy sector 
  • Working capital challenges affecting project execution 
  • Global economic uncertainties influencing investor sentiment 

Latest News and Developments 

Recent developments that caught my eye include: 

  • New order wins from independent power producers 
  • Expansion of manufacturing capabilities 
  • Strategic partnerships for technology enhancement 
  • Government policy support for wind energy sector 
  • Improvements in operational efficiency 

Inox Wind Share Price Target 2025 

Based on current market dynamics and growth projections, here’s my analysis of where the stock might head by 2025: 

  • Industry growth trajectory suggests potential upside 
  • Government’s renewable energy push could be a major catalyst 
  • Operational improvements might enhance profitability 
  • Order book growth indicates strong revenue visibility 
  • Technological advancements could improve margins 

Note: These targets are based on analysis and market conditions – always do your own research before investing. 

INOX WIND Last 5 Annual Financial Results 

Consolidated  Mar 2024  Mar 2023  Mar 2022  Mar 2021  Mar 2020 
Revenues  ₹733 Cr  ₹625 Cr  ₹711 Cr  ₹760 Cr  ₹1,437 Cr 
Expenses  ₹998 Cr  ₹937 Cr  ₹876 Cr  ₹890 Cr  ₹1,288 Cr 
Operating Profit (Excl OI)  ₹-264 Cr  ₹-312 Cr  ₹-165 Cr  ₹-130 Cr  ₹149 Cr 
Other Income  ₹21 Cr  ₹31 Cr  ₹76 Cr  ₹24 Cr  ₹23 Cr 
Interest  ₹327 Cr  ₹283 Cr  ₹255 Cr  ₹244 Cr  ₹169 Cr 
Depreciation  ₹98 Cr  ₹89 Cr  ₹88 Cr  ₹80 Cr  ₹66 Cr 
Profit Before Tax  ₹-669 Cr  ₹-653 Cr  ₹-459 Cr  ₹-430 Cr  ₹-62 Cr 
Profit After Tax  ₹-697 Cr  ₹-483 Cr  ₹-307 Cr  ₹-279 Cr  ₹-40 Cr 
Consolidated Net Profit  ₹-709 Cr  ₹-480 Cr  ₹-306 Cr  ₹-280 Cr  ₹-40 Cr 
Earnings Per Share (Rs)  ₹-1.24  ₹-21.74  ₹-21.64  ₹-13.77  ₹-12.60 
PAT Margin (%)  -2.91  -95.06  -77.26  -43.21  -36.75 
ROE (%)  -2.98  -53.13  -43.36  -20.46  -15.31 
ROCE (%)  4.44  -8.91  -11.53  -7.16  -6.12 
Total Debt/Equity (x)  1.91  1.40  0.94  1.19  0.66 

Key Financials 

Metric  Value 
Market Cap  ₹22,425.4 Cr 
Revenue (TTM)  ₹2,810.1 Cr 
Net Profit (TTM)  ₹287.3 Cr 
EPS (TTM)  ₹2.2 
P/E (TTM)  78.0 

Industry Peers & Returns 

Company  1W  1M  1Y 
INOX WIND  2%  3.4%  33.9% 
SIEMENS  -6.8%  -19.3%  16.6% 
ABB INDIA  -5.7%  -19.5%  19.2% 
HAVELLS INDIA  -6.1%  -4.8%  10.2% 
CG POWER AND INDUSTRIAL SOLUTIONS  -6.7%  -14.8%  32.8% 
SUZLON ENERGY  -3%  -10%  15.8% 
HITACHI ENERGY INDIA  -7.7%  -12.6%  100.3% 
APAR INDUSTRIES  -5.1%  -36.9%  11% 
GE T&D INDIA  -10.8%  -24.4%  86.1% 

INOX WIND Revenues 

Years  Revenues  % Change 
2024 Mar ₹733 Cr  ▲ 17.36% 
2023 Mar ₹625 Cr  ▼ -12.11% 
2022 Mar ₹711 Cr  ▼ -6.51% 
2021 Mar ₹760 Cr  ▼ -47.12% 
2020 Mar ₹1,437 Cr   

Growth Metrics: 

  • Year-on-Year (Y-o-Y): 17.36% (positive) 
  • 5-Year CAGR: -15.49% (negative) 

INOX WIND Operating Profit 

Years  Operating Profit  % Change 
2024 Mar ₹-264 Cr  ▼ Negative 
2023 Mar ₹-312 Cr  ▼ Negative 
2022 Mar ₹-165 Cr  ▼ Negative 
2021 Mar ₹-130 Cr  ▼ Negative 
2020 Mar ₹149 Cr   

Growth Metrics: 

  • Year-on-Year (Y-o-Y): Negative 
  • 5-Year CAGR: Negative 

Bom_ 539083

INOX WIND Financial Data 

Revenue 

Year  Revenue (₹ Cr)  % Change 
2024 Mar 733  ▲ 17.36% 
2023 Mar 625  ▼ -12.11% 
2022 Mar 711  ▼ -6.51% 
2021 Mar 760  ▼ -47.12% 
2020 Mar 1,437   

Operating Profit 

Year  Operating Profit (₹ Cr)  % Change 
2024 Mar -264  ▼ Negative 
2023 Mar -312  ▼ Negative 
2022 Mar -165  ▼ Negative 
2021 Mar -130  ▼ Negative 
2020 Mar 149   

Operating Margins 

Year  Operating Margin (%)  % Change 
2024 Mar -36.08%  ▼ Negative 
2023 Mar -50.01%  ▼ Negative 
2022 Mar -23.27%  ▼ Negative 
2021 Mar -17.12%  ▼ Negative 
2020 Mar 10.39%   

Profit After Tax (PAT) 

Year  Profit After Tax (₹ Cr)  % Change 
2024 Mar -709  ▼ Negative 
2023 Mar -480  ▼ Negative 
2022 Mar -306  ▼ Negative 
2021 Mar -280  ▼ Negative 
2020 Mar -40   

PAT Margins 

Year  PAT Margin (%)  % Change 
2024 Mar -2.91%  ▼ Negative 
2023 Mar -95.06%  ▼ Negative 
2022 Mar -77.26%  ▼ Negative 
2021 Mar -43.21%  ▼ Negative 
2020 Mar -36.75%   

Earnings Per Share (EPS) 

Year  EPS (₹)  % Change 
2024 Mar -1.24  ▼ Negative 
2023 Mar -22  ▼ Negative 
2022 Mar -22  ▼ Negative 
2021 Mar -14  ▼ Negative 
2020 Mar -13   

Key Observations: 

  1. Revenue Growth: Inox Wind’s revenue grew 17.36% YoY in 2024 but has been declining over the past five years (-15.49% CAGR). 
  2. Operating Profit & Margins: The company has been operating at a loss, with negative margins worsening over time. 
  3. Profit After Tax: Losses have increased significantly, reaching ₹-709 Cr in 2024. 
  4. EPS Decline: The EPS remains negative, indicating continued financial struggles. 

Looking Further: Inox Wind Share Price Target 2030 

The long-term outlook for Inox Wind (BOM: 539083) is tied to several factors: 

  • India’s renewable energy goals 
  • Technological evolution in wind energy sector 
  • Global clean energy transition 
  • Company’s execution capabilities 
  • Market competition and positioning 

Investment Considerations 

Before making any investment decisions, consider: 

  • The company’s debt levels and working capital management 
  • Order book execution timeline 
  • Industry competitive dynamics 
  • Government policies and incentives 
  • Global renewable energy trends 

Future Growth Catalysts 

I’ve identified several potential growth drivers: 

  • Increasing focus on renewable energy 
  • Government initiatives supporting clean energy 
  • Growing electricity demand in India 
  • Technological improvements reducing costs 
  • Export opportunities in emerging markets 

Risk Factors to Consider 

Keep these potential challenges in mind: 

  • Interest rate fluctuations 
  • Raw material price volatility 
  • Policy changes affecting renewable energy 
  • Competition from solar energy 
  • Working capital management 

Bottom Line 

Inox Wind (BOM: 539083) operates in a promising sector with significant growth potential. While there are short-term challenges, the long-term outlook appears positive, supported by India’s renewable energy push and global clean energy transition. Remember to conduct thorough research and consider your investment goals before making any decisions. 

Keep tracking BOM: 539083 for latest updates and market movements. The renewable energy sector’s dynamics make this an interesting stock to watch in the coming years. 

FAQ about Bom: 539083

How the annual revenues of INOX WIND have changed ? 

The Revenues of INOX WIND have increased by 17.36% YoY . 

How the Earnings per Share (EPS) of INOX WIND have changed? 

The Earnings Per Share (EPS) of INOX WIND has decreased by Negative YoY.