Inox Wind Limited manufactures Heavy Electrical Equipment in India's Industrials sector with ₹12,731.65 Cr market cap, operating at 20.27% OPM and holding a conservative balance sheet (D/E 0.24), though recent quarters show pronounced margin volatility.
Founded
2009
Face value
₹10
Market cap
₹11,881 Cr
P/E
34.5×
P/B
1.9×
Dividend yield
0%
ROE
7.1%
ROCE
12.3%
Debt / equity
0.24
OPM
20.3%
EPS (TTM)
₹2.0
Book value
₹36.9
52-week high
—
52-week low
Key insights
Company research notes and source-linked reviews
Key risks
Valuation risk: PE of 36.97 is stretched; verify whether margin compression and 1y return of –49.42% reflect temporary cycle or permanent impairment
Margin volatility: OPM ranges 13–23% in recent quarters versus 20.27% stated, indicating execution risk or demand/pricing pressure
Capital inefficiency: ROE of 7.09% is weak; verify whether tied to cyclical trough or structural capital-deployment issues
Market rout: Stock down 49.42% YoY near 52-week low (₹73.67); verify underlying cause before assuming bounce-back is assured
Generated analysis · source review pending
Growth drivers
Margin normalization: Recent quarters show 13–23% OPM range; if execution stabilizes at stated 20.27% or above, earnings expand
Financial flexibility: D/E of 0.24 is conservative and enables capex investments; verify planned investments and their growth impact
Revenue stabilization: Quarterly revenues range ₹743–₹1,244 Cr with corresponding margin volatility; verify whether recent lows represent cyclical trough and timing of recovery
Generated analysis · source review pending
2,528 historical price candles were omitted because the exchange source has not been verified.
₹68.8-3.8%1Y
Quick read
rule-based
Pros
+Healthy operating margin of 20.3%
+Revenue CAGR of 44% over the last 5 years
Cons
−Low return on equity of 6% (3-yr avg)
Research score
Structured signal from quality, growth, valuation and momentum.
44/100
Business quality
39
Growth
37
Valuation
57
Revenue & net profit
₹ crore, by fiscal year
RevenuePAT
Margins
% of revenue, by fiscal year
OPMPAT margin
Peers
Comparable companies from the narrowest available industry classification.
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Financials
Reported profit and loss, balance sheet, cash flow and growth history.
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Ratios
Annual operating, return, leverage and working-capital ratios.
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Shareholding
Quarterly ownership, named holders, insider transactions and disclosed deals.
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F&O
Current futures and options contracts with compact option-chain pages.
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Fund holders
Mutual-fund schemes that disclosed a holding in the company.
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Documents
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
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Events
Upcoming dates and the company’s corporate-action history.
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Announcements
Latest exchange announcements, filings and downloadable documents.
Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.
Documents link to external sources (exchange filings, company investor pages).
33.6%
40.8%
41.7%
44.6%
EBITDA margin %
10.9%
-17.1%
-22.8%
-50%
-34.8%
15.4%
21.3%
20.3%
EBIT margin %
6.3%
-27.7%
-35.2%
-64.2%
-49.2%
9.1%
16.2%
15.6%
PAT margin %
-2.8%
-36.8%
-43.2%
-68.8%
-91%
-3%
12.3%
10.2%
Working capital
Receivable days
414
635
—
627
410
238
276
353
Inventory days
411
1,363
—
940
843
441
238
268
Payable days
1
1,446
—
663
452
214
188
178
NWC days
824
552
—
905
801
465
326
443
Leverage
Current ratio
1.29
0.92
—
0.93
1.09
0.75
1.64
2.01
Debt to EBITDA
6.99
—
—
—
—
12.09
1.94
1.74
Debt to equity
0.56
0.5
—
0.94
1.37
1.91
0.29
0.24
Interest coverage
0.6
-0.8
-0.7
-1.1
-1
0.9
4.3
4.3
Asset turnover
0.3
0.14
—
0.1
0.12
0.26
0.4
0.36
Return ratios
Return on assets %
-0.8%
-5.3%
—
-7.2%
-11%
-0.8%
5%
3.7%
Return on capital employed %
4.5%
-8.9%
—
-12.3%
-12%
7.2%
17%
12.3%
Return on equity %
-2%
-16.6%
—
-23.5%
-38.6%
-3.1%
8.7%
7%
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Promoter holding down 20.46 percentage points since Sep 2023.
109 deals · 15 Sept 2021 – 7 Mar 2025
Date
Client
Type
Venue
Side
Quantity
Price
Value
7 Mar 2025
GRAVITON RESEARCH CAPITAL LLP
Bulk
NSE
Sell
78,09,989
₹168.88
₹131.90 Cr
7 Mar 2025
GRAVITON RESEARCH CAPITAL LLP
Bulk
NSE
Buy
78,09,989
₹168.80
₹131.83 Cr
1 Feb 2025
GRAVITON RESEARCH CAPITAL LLP
Bulk
NSE
Sell
69,76,565
₹176.77
₹123.32 Cr
1 Feb 2025
GRAVITON RESEARCH CAPITAL LLP
Bulk
NSE
Buy
69,76,565
₹176.72
₹123.29 Cr
13 Nov 2024
SHASHVAT SOMANY
Block
BSE
Buy
10,50,000
₹190.00
₹19.95 Cr
13 Nov 2024
SOMANY IMPRESA LIMITED
Block
BSE
Sell
10,50,000
₹190.00
₹19.95 Cr
13 Nov 2024
EBRO TRADING PRIVATE LIMITED
Block
BSE
Buy
5,50,000
₹190.00
₹10.45 Cr
13 Nov 2024
SOMANY IMPRESA LIMITED
Block
BSE
Sell
5,50,000
₹190.00
₹10.45 Cr
18 Oct 2024
ISHARES GLOBAL CLEAN ENERGY UCITS ETF
Bulk
NSE
Buy
68,25,287
₹222.30
₹151.73 Cr
13 Aug 2024
GRAVITON RESEARCH CAPITAL LLP
Bulk
NSE
Sell
73,39,530
₹225.76
₹165.70 Cr
1–10 of 109
1 / 11
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Mr. Manoj DixitExecutive Director-Chairperson
Mr. Devansh JainExecutive Director
Mr. Mukesh ManglikNon-Executive - Non Independent Director
Mr. Sanjeev JainNon-Executive - Independent Director
Mr. Brij Mohan BansalNon-Executive - Independent Director
Ms. Madhurima Sayan DasNon-Executive - Independent Director