As of 6 Nov 2026, Inox Wind trades at 26.9× trailing earnings, below the industry P/E of 33.8×, and the shares are 58% below their 52-week high. Its ROCE of 9.4% is the second-lowest among the 7 largest Specialty Industrial Machinery peers, and sales grew 79% a year over 3 years. Debt is 0.21× equity. It is a small-cap company with a market cap of ₹11,199 Cr, ranked 23rd of 138 Specialty Industrial Machinery companies by market cap; the shares fell 58% over the past year.
- ₹65.25
- ₹65.25
- ₹63.31
- ₹65.70
- 94.1 L
Health check
- ReturnsBehind
−57.6% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 26.9 vs industry 33.8.
- GrowthStrong
Sales +79.3% a year over 3 years.
- ProfitabilityWeak
ROCE 9.4% vs peer median 24.8%.
- Balance sheetStretched
Debt 0.21× equity, interest covered 6.7×, Piotroski 2 of 9.
- Red flags4 to check
Return on equity is low at 7.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹11,199 Cr
- Small cap
- P/E
- 26.9
- Industry 33.8
- Price to book
- 1.52
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 7.5%
- Peers 19.1%
- ROCE
- 9.4%
- Peers 24.8%
- Debt to equity
- 0.21
- Debt ₹1,587 Cr
- EPS (TTM)
- ₹2.41
- Face value ₹10
- OPM (TTM)
- 19.6%
- Net margin 7.8%
- Sales growth
- −1.5%
- Latest quarter vs a year ago
- Profit growth
- −58.4%
- Latest quarter vs a year ago
- Price to sales
- 2.55
- EV/EBITDA 11.7
Strengths and risks
Risks to check
- Return on equity is low at 7.5%.
- Quarterly profit down 58.4% on a year ago.
- Quarterly sales down 1.5% on a year ago.
- 58% below its 52-week high.
About Inox Wind
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…
- Headquarters
- Noida
- Employees
- 1,309
- Sector
- Industrials
- ISIN
- INE066P01011
- Website
- inoxwind.com
Price range
- Avg volume (3M)
- 1.3 Cr
- 1-year return
- minus 57.6%
- From 52-week high
- minus 57.8%
Analyst consensus
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| INOXWINDInox Wind | 64.80 | minus 1.37% | 11,199 | 26.9 | 13.7 | 9.4% | 19.6% | 0.21 | 79.3% | minus 57.6% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 826 | 1,119 | 1,207 | 1,244 | 814 | |
| 643 | 891 | 926 | 1,045 | 662 | |
| 184 | 228 | 282 | 200 | 152 | |
| 22.2% | 20.3% | 23.3% | 16.0% | 18.7% | |
| 36.3 | 43.3 | 31 | 61.3 | 57.6 | |
| 33.8 | 50.8 | 50.3 | 64.9 | 56.8 | |
| 48.7 | 50.8 | 52.8 | 52.1 | 58.6 | |
| 138 | 169 | 209 | 144 | 94.7 | |
| 29.2% | 28.8% | 39.5% | 26.6% | 32.3% | |
| 106 | 91.8 | 117 | 91.3 | 44 | |
| 0.60 | 0.70 | 0.73 | 0.61 | 0.37 |
Profit & loss
- Sales CAGR 3Y
- +79.3%
- ROE
- 7.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 731 | 1,659 | 3,507 | 4,211 | |
| – | +127.1% | +111.3% | +20.1% | |
| 886 | 1,395 | 2,749 | 3,286 | |
| −155 | 264 | 758 | 925 | |
| −21.2% | 15.9% | 21.6% | 22.0% | |
| −54.1 | −0 | 49.9 | −44.8 | |
| 255 | 184 | 95.7 | 117 | |
| 106 | 113 | 182 | 204 | |
| −98.1 | −10 | 7.2 | 99.8 | |
| −669 | −42.7 | 537 | 659 | |
| −4.2% | −7.8% | 19.0% | 31.9% | |
| −667 | −35.7 | 448 | 405 | |
| -5.04 | -0.28 | 2.73 | 2.39 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 326 | 201 | 863 | 1,728 | |
| 1,387 | 2,608 | 3,550 | 4,654 | |
| 2,416 | 2,079 | 1,474 | 1,587 | |
| 1,912 | 1,870 | 2,719 | 4,098 | |
| 6,041 | 6,757 | 8,606 | 12,068 | |
| 1,755 | 1,924 | 2,388 | 2,809 | |
| 186 | 353 | 341 | 254 | |
| 12.8 | – | 265 | 550 | |
| 271 | 12.1 | 202 | 131 | |
| 3,815 | 4,469 | 5,410 | 8,323 | |
| 6,041 | 6,757 | 8,606 | 12,068 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1,100 | −366 | 138 | −598 | |
| 231 | 487 | −406 | −850 | |
| 824 | −130 | 277 | 1,558 | |
| −45.4 | −9.5 | 8.9 | 110 | |
| −388 | −539 | −620 | −649 | |
| −1,488 | −905 | −483 | −1,247 |
Shareholding pattern
- Promoters44.18%
- Public55.82%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 44.18% | 55.82% | 0.00 | |
| 30 Jun 2026 | 44.18% | 55.82% | 0.00 | |
| 31 Mar 2026 | 44.18% | 55.82% | 0.00 | |
| 31 Dec 2025 | 44.18% | 55.82% | 0.00 | |
| 30 Sep 2025 | 44.18% | 55.82% | – |
Major shareholders
Filings & events
News
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