Inox Wind Limited share price

NSE: INOXWIND · ISIN INE066P01011

Key numbers

Market cap
₹ 12,919 Cr
Current price
₹ 74.75
52-week high / low
₹ 159 / 68
Stock P/E
36.5
Book value
₹ 42.7
Dividend yield
0.00%
ROCE
11.2%
ROE
7.5%
Debt to equity
0.25
Sales growth (3 yrs)
79.3%
Profit growth (3 yrs)
-
1-year return
-48.2%

About Inox Wind Limited

Inox Wind Limited engages in the manufacture and sale of wind turbine generators and components for independent power producers, utilities, public sector undertakings, businesses, and private investors in India. It provides rotor, generator, braking system, gear box, and towers. The company also offers infrastructure services, such as wind resource assessment and site screening, land acquisition and infra development, development and construction of power evacuation infrastructure, commissioning and stabilization; and operations and maintenance services; and value-added services, as well as involved in the environment, health, and safety initiatives. Inox Wind Limited was incorporated in 2009 and is based in Noida, India.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8261,1191,2071,244814
Operating profit184228282200152
Net profit106921179144
EPS (₹)0.600.700.730.610.37

Concall summary (2026-08-12)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • I'm pleased to inform in quarter 1 FY27 on a consol basis, INOX Wind has reported a revenue of INR872 crores, adjusted EBITDA of INR237 crores, PBT of INR95 crores, PAT of INR64 crores and cash profit of INR153 crores.
  • The installed wind capacity in India is expected to be 7x the current capacity in the next 2 decades.

Growth & demand

  • As of July '26, the share of equipment supply in our order book stood at approximately 59% with the balance 41% being turnkey.
  • Power demand continues to remain strong, and it is worth noting that power demand in the first 4 months of FY27 so far has been the highest by far in the last 4 years.

Margins & costs

  • And we maintain that revenue guidance of 75% growth over the previous year and an EBITDA margin of 20% to 22% on a consol basis is what we maintain our guidance for the full year basis.
  • So Rahul, see, generally, our guidance on the O&M business of Wind portfolio stands at 50% EBITDA margin. and that has been guidance.

Capex & expansion

  • Our expansion plan, and I would like everyone to hear this with open eyes and ears, our expansion plans in INOX Renewable Solutions Limited are also progressing well.
  • Our operational Jaipur transformer factory is gearing up to manufacture our next bigger capacity, which is 4.9 MVA transformers for our 4X series.

Balance sheet & cash

  • In terms of the receivable numbers, per se, our receivable is accounted as per the Ind AS 115, which is on the risk transfer basis and some part of the receivable got struck in receivable till it has got commissioned.
  • So till it has got commissioned, the receivable got to start reflecting that receivable will show in a higher number.

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