Inox Wind Ltd.
Snapshot View

141.90 +6.20 ▲4.6%

30 July 2021, 04:00:00 P.M.
Volume: 249,168

Overview View Details

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Industry Electric Equipment Compare with Industry peers
Website http://www.inoxwind.com
Financial Indicators
Market Cap 3,092.43 Cr.
Earnings per share (EPS) -13.77 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 87.34 Trailing Twelve Months Ending 2021-03
Book Value / Share 59.30 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.35 Calculated using Price: 139.35
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 22.19 Cr. 221,918,226 Shares
FaceValue 10
Company Profile

Inox Wind was incorporated in April 2009, commenced operations in March 2010. It manufactures the key components of WTGs in-house with a view to ensuring high quality, advanced technology and reliability and maintaining cost competitiveness. It has facilities dedicated to manufacturing nacelles, hubs, rotor blade sets and towers. The company manufactures nacelles and hubs at its Una Unit, located in the Una district of Himachal Pradesh. The company’s rotor blade manufacturing facility and its tower manufacturing facility are housed in its Rohika Unit, located in the Ahmedabad district of Gujarat. The company has also commenced construction of a new integrated manufacturing facility at Barwani, Madhya Pradesh to produce nacelles and hubs, rotor blade sets and towers. It has established relationships with leading suppliers for raw materials, such as steel and epoxy, and those components that the company does not manufacture in-house, such as gearboxes, electric control systems (ECS) and generators.

The company’s 2 MW WTGs have been designed and developed after due assessment of wind site qualities and conditions across low wind resource locations such as those in India. It has a perpetual license from AMSC Austria GmbH (formerly Windtec GmbH), or AMSC, a leading wind energy technology company based in Austria, to manufacture 2 MW WTGs in India based on AMSC’s proprietary technology. The company’s license in India is exclusive, subject to three existing licenses that AMSC had previously granted for the production and sale of 2 MW WTGs worldwide, including in India. In addition to its license in India, the company also has a non-exclusive license to manufacture 2 MW WTGs outside India based on AMSC’s proprietary technology. It also has non-exclusive licenses from WINDnovation Engineering Solutions GmbH (based in Germany), or WINDnovation, for custom-made rotor blade sets.

Through its wholly owned subsidiaries, Inox Wind Infrastructure Services (IWISL) and Marut-Shakti India (MSEIL) the company provides turnkey solutions for wind farm projects. These services include wind resource assessment, site acquisition, project development, erection and commissioning, and also long term operations and maintenance of wind power projects. The company has acquired or expects to acquire access to certain Project Sites in Rajasthan, Gujarat, Andhra Pradesh and Madhya Pradesh and it expects to have access to Wind Sites Under Acquisition in Rajasthan, Gujarat, Andhra Pradesh, and Madhya Pradesh, which it estimate are suitable for the installation of an aggregate of 4,052 MW of capacity. The company intends to develop these Project Sites and Wind Sites Under Acquisition for customers as part of its turnkey model for wind farm development.

Business area of the company

The company is one of India’s leading wind power solutions providers. It manufactures wind turbine generators, or WTGs, and provides turnkey solutions by supplying WTGs and offering services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and also long term operations and maintenance of wind power projects.

Major Events

  • 2009: The company entered into technology and license agreements for wind turbine generators with AMSC and rotor blade sets with WINDnovation.
  • 2010: The company’s WTG plant commenced commercial operations and its first WTG was erected and commissioned in Tamil Nadu.
  • 2010: The company’s rotor blade plant commenced commercial operations.
  • 2011: The company’s tubular steel tower plant commenced commercial production.
  • 2011: The company’s WT2000DF model received C-WET type certification.
  • 2011: The company was included in the Revised List of Models & Manufacturers of Wind Turbines issued by C-WET.
  • 2011: The company’s first 50MW wind power project at Gujarat, got commissioned.
  • 2012: The company’s subsidiary, IWISL was incorporated.
  • 2013: The company entered into a license agreement with WINDnovation for the new WB488-2.0-3 rotor blades.
  • 2013: The company has commenced work on wind farms of more than 400 MW in the states of Gujarat, Rajasthan and Maharashtra.
  • 2013: The company becomes the 4th largest WTG company in India in terms of WTGs installed in a year as per the WISE Report.
  • 2013: IWISL, The company’s wholly owned subsidiary, had acquired 100% shareholding in MSEIL a company located in Madhya Pradesh, whereby MSEIL became a wholly owned subsidiary of IWISL.
  • 2014: The company has been issued ratings of A/stable for long term bank loan and A1 for Commercial papers and letter of credit by CRISIL.
  • 2014: The company has entered into licensing agreement with WINDnovation for manufacturing rotor blade sets with 113 meters diameter.
  • 2014: The company has commenced production of nacelles, hubs and towers suitable for 100 meters rotor diameter blades.
  • 2014: The company successfully implemented LVRT (Low Voltage Ride Through) system in its turbines.
  • 2015: The company’s has commenced production of 100 mts rotor diameter blades at its Rohika Unit.
  • 2016  - Inox Wind Commissions Common Power Evacuation Infrastructure in Madhya Pradesh.
    - Inox Wind Infrastructure Services Ltd., a Wholly Owned Subsidiary of Company has acquired Sarayu Wind Power (Kondapuram) Private Ltd.
    - NTPC Limited Partners Inox Wind to foray into Wind Energy.'

Certifications

  • 2012: The company was issued ISO 9001:2008 certificate by Certification Body of TUV SUD Asia Pacific TUV SUD Group.
  • 2013: The company was issued ISO 14001:2004 certificate by the Certification Body of TUV SUD Asia Pacific TUV SUD Group.
  • 2014: The company was issued OHSAS 18001 certificate by the Certification Body of TUV SUD Asia Pacific TUV SUD Group
  • 2014: The company was issued EN ISO 3834-2 certificate by the Certification Body of TUV SUD Asia Pacific TUV SUD Group.

 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.57%
1 Week
+35.34%
1 Month
+71.79%
3 Month
+83.93%
6 Month
+116.81%
1 Year
+303.70%
2 Year
+146.35%
5 Year
-36.22%
8 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 50.89 36.57 32.58 28.13 14.88 -8.95 -2.00 -15.32
Return on Capital Employed (%) 30.42 21.50 27.77 26.64 16.16 -3.15 3.37 -6.13
Return on Assets (%) 15.83 10.89 12.68 11.58 6.11 -4.09 -0.92 -5.79

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 296 428 1,392 1,887 2,190 2,004 1,965 1,686
Non Curr. Liab. 154 74 82 97 299 295 292 -113
Curr. Liab. 501 978 1,721 2,786 2,666 1,713 2,376 3,459
Minority Int. 0 0
Equity & Liab. 950 1,480 3,195 4,770 5,155 4,012 4,632 5,031
Non Curr. Assets 223 301 365 841 1,217 1,390 1,557 1,838
Curr. Assets 727 1,179 2,830 3,929 3,938 2,622 3,075 3,193
Misc. Exp. not W/O
Total Assets 950 1,480 3,195 4,770 5,155 4,012 4,632 5,031

Profit Loss View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,059 1,567 2,709 4,451 3,415 480 1,437 760
Other Income 5 9 47 73 84 26 23 24
Total Income 1,064 1,576 2,756 4,523 3,499 506 1,461 784
Total Expenditure -862 -1,391 -2,284 -3,741 -2,873 -563 -1,288 -890
PBIDT 201 185 472 782 626 -57 173 -106
Interest -39 -46 -62 -98 -155 -171 -169 -244
Depreciation -9 -12 -20 -35 -44 -52 -66 -80
Taxation -3 4 -93 -188 -124 93 22 150
Exceptional Items
PAT 150 132 296 461 303 -188 -40 -280

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -121 -76 -106 -163 114 269 147 733
Cash Fr. Inv. -135 -44 -148 -969 -5 332 -264 -346
Cash Fr. Finan. 219 120 959 501 19 -760 76 -385
Net Change -37 0 704 -631 128 -159 -40 2
Cash & Cash Eqvt 2 2 706 76 204 46 5 7

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 75.00 75.00 75.00 75.00 75.00 75.00 75.00 73.39 73.39
Public 25.00 25.00 25.00 25.00 25.00 25.00 25.00 26.61 26.61
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 19 Jul 2021
Disclosure Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith the disclosure of Related Party Transactions on a consolidated basis in the format specified in the accounting standards for the half year ended 31*t March 2021.
Mon, 12 Jul 2021
Shareholding for the Period Ended June 30 2021
Inox Wind Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Fri, 09 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Deepak Banga
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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