āagman

Not investment advice. Data and computed figures, for information only.

Inox Wind Ltd

NSE: INOXWINDF&O
₹68.58
−₹1.29 (−1.85%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹11,519 Cr
CMP
₹68.58
52-wk High / Low
₹159 / 62
P/E
33.4
P/B
1.8
Book Value
₹36.9
Div Yield
0.00%
ROCE
11.0%
ROE
7.5%
Face Value
₹10
D/E
0.25

Price−54.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
1
/ 9
1 of 9 F-score tests passed
Graham Number
₹44
√(22.5 × EPS × book value per share)
ROIC
5.9%
vs 12.3% sector median
Cash flow to profit
−1.33
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−360
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.5%
ROE × earnings retention ratio
ROE stability
25.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.07DII −0.94
Latest quarter vs the previous one
Cash-accrual divergence
10.2%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 12.6pp over the last year
+PE of 33.4x is below the sector median of 43.6x
Watch-outs
−Latest ROCE of 11% trails the sector median of 19%
−Price trades below its 200-day moving average (0.8x)
−Price is 56.9% below its 52-week high
−Promoter holding fell by 27.8pp over the last year
−Piotroski F-Score of 1/9 is in the weak band (≤3)
−Balance-sheet accruals of 10.2% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3493715035286407339111,2758261,1191,2071,244814
Expenses3173224114295055677071,0216438919261,045662
Operating Profit31489399135166204254184228282200152
OPM %8.9%12.9%18.5%18.8%21.1%22.6%22.4%19.9%22.3%20.4%23.4%16.1%18.7%
Other Income416121181168363643316158
Interest70646357564434353451506557
Depreciation29262830424547484951535259
Profit before tax−63−26331558819020813816920914495
Net Profit−65−2723342841101909712112710664
EPS (₹)−0.46−0.170.010.340.070.190.841.350.610.530.680.530.25

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,7094,4453,4054651,4367607116257371,7463,5574,3974,385
Expenses2,2843,7112,8635481,2878779029259981,4842,8003,5063,524
Operating Profit425734542−83149−116−191−300−261262757891861
OPM %15.7%16.5%15.9%−17.8%10.4%−15.3%−26.9%−48.0%−35.4%15.0%21.3%20.3%19.6%
Other Income47488426231176191946134172193
Interest6298155171169244255283341240169200223
Depreciation2035445266808889106113182204214
Profit before tax389649427−280−62−430−459−653−689−45539659617
Net Profit296461303−188−40−279−307−483−671−48438449417
EPS (₹)3.144.883.21−1.99−0.42−2.96−3.24−5.08−4.81−0.263.232.341.99

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital2222222222222222222222223263911,6241,728—
Reserves1,1701,6651,9681,7821,7431,4641,0946881,4102,4172,7884,654—
Borrowings8741,4571,6741,0621,3051,1211,5662,6372,4162,0781,4741,587—
Other Liabilities9301,4341,2911,0321,4712,4852,5822,4171,9301,8672,7173,994—
Total Liabilities3,1964,7785,1554,0984,7415,2925,4645,9656,0826,7548,60311,963—
Fixed Assets2035277659859731,2281,1911,3431,6191,8432,2912,825—
CWIP4943112206633230148123304296247—
Investments06325309194333310446550—
Other Assets2,9444,1464,0243,0943,6113,9364,0104,4404,3404,6075,5718,341—
Total Assets3,1964,7785,1554,0984,7415,2925,4645,9656,0826,7548,60311,963—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−76−106−163114269147733−112−475−1,100−366138−598
Cash from Investing Activity−44−148−968−5332−264−346−49−74231487−406−850
Cash from Financing Activity12095850119−76076−385282486824−1302771,558
Net Cash Flow0704−630128−159−402122−62−45−99110

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %21.028.026.016.0−3.03.0−6.0−8.0−11.0−8.04.012.011.0
ROE %————————————7.5
EPS (₹)1.553.144.883.21−1.99−0.42−2.96−3.24−5.08−4.81−0.263.232.34
Book Value (₹)————————————36.9
Face Value (₹)————————————10
P/E————————————33.4
Div Yield %————————————0.00
NPM %8.410.710.38.7−38.3−2.7−36.2−39.0−75.0−88.8−2.711.99.8
OPM %11.016.017.016.0−18.010.0−15.0−27.0−48.0−35.015.021.020.0
D/E1.300.630.770.760.530.660.661.192.901.390.740.330.25
P/B————————————1.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+0.0%
5 years+44.0%
3 years+81.0%
TTM+17.0%
Compounded profit growth
10 years−1.0%
5 years+27.0%
3 years+38.0%
TTM−22.0%
Stock price CAGR
10 years+2.0%
5 years+17.0%
3 years+10.0%
Last year−56.0%
Return on equity
10 years−4.0%
5 years−2.0%
3 years7.0%
Last year8.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters85.62%85.62%75.00%75.00%75.00%73.39%67.55%72.01%52.87%48.27%44.18%44.18%
FIIs1.13%1.13%7.28%6.92%1.91%1.78%2.74%1.89%9.47%15.68%14.60%14.53%
DIIs2.56%2.56%0.34%0.77%0.53%0.00%0.00%0.00%10.16%9.44%10.96%10.02%
Government————————————
Public10.69%10.69%17.38%17.31%22.56%24.82%29.70%26.10%27.49%26.61%30.25%31.28%
No. of shareholders60,86860,86853,03749,68648,61744,41059,62453,2121,17,4843,80,2494,73,1865,15,129
Change since Jun 2023 (pp)
Promoters −41.44FIIs +13.40DIIs +7.46Public +20.59

Documents

As of 11 Oct 2026
Announcements
Closure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingSep 2025TranscriptSep 2025PPTSep 2025Recording

Corporate actions

As of 29 Jul 2025
29 Jul 2025RIGHTSRights 5:78 @ Premium Rs 110/-—
24 May 2024BONUSBonus 3:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman