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NSE:INOXWIND

INOX WIND LIMITED

Capital Goods › Electrical Equipment·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 100+6
₹59.00
at close · 28 Oct 2026
▲ 0.44 (+0.75%)
ThemesWind Energy· coreBatteries & Energy Storage· growingSolar Energy· growing

Latest filings

  1. Routine filing: Depository certificate for Q2 FY27 under SEBI Reg 74(5) · Compliance
  2. Trading window closed from Oct 1 for Q2 FY26 results · Compliance
  3. Inox Wind AGM: 7 resolutions passed, institutional dissent on 2 items · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures wind turbine generators and delivers end-to-end wind power solutions, covering equipment supply, EPC (turnkey project execution), and operations & maintenance services. The equipment portfolio includes 3.3 MW and 4X MW turbine models, sold to C&I customers, public sector undertakings (PSUs), independent power producers (IPPs), and group companies such as Inox Clean Energy. Recent business includes a 200 MW turnkey order from NLC India valued at about Rs 1,600 crore and a 1,500 MW supply MoU with Inox Clean Energy. The combined order book stood at 4.7 GW after the NLC order, providing multi-year revenue visibility across C&I, PSU, and IPP clients. Management is shifting the revenue mix away from turnkey EPC toward equipment supply, which currently accounts for around a quarter of sales with a target of roughly three-quarters. FY26 total income was Rs 4,569 crore with an EBITDA margin of around 25%. Materials are the single largest cost at 50.7% of revenue, with capex at 14.8% reflecting the capital intensity of turbine manufacturing and project execution.

Operating scale
Order book
4.7 GWpost-July 2026
NLC India turnkey order
200 MW (about Rs 1,600 crore)July 2026
Inox Clean Energy MoU
1,500 MW of WTGs (3.3 MW and 4X MW models)June 2026
Orders won in FY26
~600 MWFY26
FY26 total income
Rs 4,569 croreFY26
Q4 FY26 revenue
Rs 1,306 croreQ4 FY26
Who pays it
PSUs (e.g. NLC India), C&I customers and IPPs (Aditya Birla, Amplus/Gentari, Jakson, First Energy, Leap Green), and group company Inox Clean Energy
Biggest cost
Materials at 50.7% of revenue — wind turbine components such as blades, towers and nacelles
Kind of business
Capital-intensive, project-cyclical wind energy equipment manufacturer with EPC and O&M services
Where it sits
Holds a 4.7 GW order book spanning C&I customers, PSUs and IPPs, with revenue visibility extending over 24 months
Market Cap
₹10,197 Cr
P / E (TTM)
24.5×
EV / EBITDA
11.0×
Div Yield
—
Growth
44.0%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
7.4%·
ROCE (5y median)
ROE -2.4% (5y median) · margin 24.2%
Leverage
0.20·
Debt / Equity · low
Net debt ₹1,421 Cr
Revenue FY21→FY26
6.2×▲
Margin +53.4 pts
₹711 Cr → ₹4,397 Cr
Moves on a normal day
1.45%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 35 Heavy Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#10/34
P/B#2/33
ROCE#29/36
ROE#32/34
Debt / Equity#20/34
EBITDA margin#8/35
Revenue growth#28/33
Profit growth#24/32

Scorecard

Measured from the filed financials, judged against its Heavy Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Revenue compounding 44% a year over 5 years
Concerns
Returns on capital 7.4% (5-year median)
#29 of 36 in Heavy Electrical Equipment on the latest reported figures · up from −9.7% in FY21
Heavy working capital — 403 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

INOXWIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INOX WIND LIMITED's filed financials and exchange disclosures

What does INOX WIND LIMITED do?

INOX WIND LIMITED is a Electrical Equipment company listed on NSE and BSE, trading under the symbol INOXWIND.

Is INOX WIND LIMITED profitable?

Yes. Over the trailing twelve months INOX WIND LIMITED reported a net profit of ₹417 Cr on revenue of ₹4,385 Cr.

Does INOX WIND LIMITED pay a dividend?

Not in the latest reported year — INOX WIND LIMITED's dividend payout for FY26 was nil.

Is INOX WIND LIMITED debt-free?

No. It reported borrowings of ₹1,551 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1,421 Cr after cash. Debt stands at 0.20× equity. That is higher than 58% of its 34 Heavy Electrical Equipment peers.

Is INOX WIND LIMITED expensive compared with its peers?

On trailing P/E, INOX WIND LIMITED ranks 10 of 34 in Heavy Electrical Equipment — cheaper than 73% of them, against an industry median of 36.5×. This is a position, not a valuation judgement.

How much does the INOX WIND LIMITED share price move in a day?

On a typical session INOX WIND LIMITED moves 1.45% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track INOX WIND LIMITED's announcements?

Every NSE and BSE filing by INOX WIND LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.