Price Target Changed • Jun 01
Price target decreased by 11% to ₹124 Down from ₹140, the current price target is an average from 6 analysts. New target price is 48% above last closing price of ₹83.82. Stock is down 55% over the past year. The company is forecast to post earnings per share of ₹5.15 for next year compared to ₹2.65 last year. Reported Earnings • May 31
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹2.65 (down from ₹2.74 in FY 2025). Revenue: ₹45.7b (up 28% from FY 2025). Net income: ₹4.05b (down 9.1% from FY 2025). Profit margin: 8.9% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • May 22
Inox Wind Limited to Report Q4, 2026 Results on May 29, 2026 Inox Wind Limited announced that they will report Q4, 2026 results on May 29, 2026 Price Target Changed • Feb 15
Price target decreased by 8.0% to ₹186 Down from ₹203, the current price target is an average from 7 analysts. New target price is 75% above last closing price of ₹106. Stock is down 38% over the past year. The company is forecast to post earnings per share of ₹4.22 for next year compared to ₹2.74 last year. Announcement • Feb 06
Inox Wind Limited to Report Q3, 2026 Results on Feb 13, 2026 Inox Wind Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Buy Or Sell Opportunity • Dec 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₹122. The fair value is estimated to be ₹156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 150% in 2 years. Earnings are forecast to grow by 112% in the next 2 years. Buy Or Sell Opportunity • Dec 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₹120. The fair value is estimated to be ₹152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 150% in 2 years. Earnings are forecast to grow by 112% in the next 2 years. Reported Earnings • Nov 16
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: ₹11.6b (up 59% from 2Q 2025). Net income: ₹917.5m (down 1.2% from 2Q 2025). Profit margin: 7.9% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
Inox Wind Limited to Report Q2, 2026 Results on Nov 14, 2025 Inox Wind Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 05
Inox Wind Limited, Annual General Meeting, Sep 26, 2025 Inox Wind Limited, Annual General Meeting, Sep 26, 2025, at 15:30 Indian Standard Time. Announcement • Aug 19
An undisclosed buyer entered into agreement to acquire 3.06% stake in Resco Global Wind Services Private Limited from Inox Wind Limited (NSEI:INOXWIND) for INR 1.8 billion. An undisclosed buyer entered into agreement to acquire 3.06% stake in Resco Global Wind Services Private Limited from Inox Wind Limited (NSEI:INOXWIND) for INR 1.8 billion on August 18, 2025. Price Target Changed • Aug 18
Price target decreased by 13% to ₹206 Down from ₹236, the current price target is an average from 7 analysts. New target price is 50% above last closing price of ₹137. Stock is down 36% over the past year. The company is forecast to post earnings per share of ₹5.36 for next year compared to ₹2.73 last year. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹0.60 (vs ₹0.36 in 1Q 2025) First quarter 2026 results: EPS: ₹0.60 (up from ₹0.36 in 1Q 2025). Revenue: ₹8.63b (up 35% from 1Q 2025). Net income: ₹1.06b (up 118% from 1Q 2025). Profit margin: 12% (up from 7.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
Inox Wind Limited to Report Q1, 2026 Results on Aug 14, 2025 Inox Wind Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Announcement • Jul 18
Inox Wind Limited has filed a Follow-on Equity Offering in the amount of INR 12.5 billion. Inox Wind Limited has filed a Follow-on Equity Offering in the amount of INR 12.5 billion.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Brij Bansal was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • May 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹2.75 (up from ₹0.29 loss in FY 2024). Revenue: ₹37.0b (up 112% from FY 2024). Net income: ₹4.46b (up ₹4.84b from FY 2024). Profit margin: 12% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 26
Inox Wind Limited to Report Q4, 2025 Results on May 30, 2025 Inox Wind Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹165, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 34x in the Electrical industry in India. Total returns to shareholders of 475% over the past three years. New Risk • Mar 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹167, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 34x in the Electrical industry in India. Total returns to shareholders of 546% over the past three years. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: ₹0.89 (vs ₹0.03 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.89 (up from ₹0.03 in 3Q 2024). Revenue: ₹9.94b (up 97% from 3Q 2024). Net income: ₹1.17b (up ₹1.14b from 3Q 2024). Profit margin: 12% (up from 0.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 74% per year and the company’s share price has also increased by 74% per year. Announcement • Jan 31
Inox Wind Limited Announces CFO Changes Inox Wind Limited at its board meeting held on January 31, 2025, considered the Scheme of merger of Inox Wind Energy Limited ("IWEL") with Inox Wind Limited is in its final stage (pending approval from the Hon'ble NCLT, Chandigarh Bench) post which IWEL will cease to exist, the Board based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Shri Shivam Tandon as the Chief Financial Officer (CFO) of the Company, who had served as the CFO of IWEL till date, in terms of Section 203 of the Companies Act, 2013 and applicable provisions of Listing Regulations, effective from February 1, 2025. This appointment will replace Shri Rahul Roongta who has stepped down as the Chief Financial Officer for pursuing other opportunities. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Jan 24
Inox Wind Limited to Report Q3, 2025 Results on Jan 31, 2025 Inox Wind Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Price Target Changed • Nov 18
Price target increased by 16% to ₹247 Up from ₹212, the current price target is an average from 5 analysts. New target price is 31% above last closing price of ₹189. Stock is up 200% over the past year. The company is forecast to post earnings per share of ₹4.10 next year compared to a net loss per share of ₹0.29 last year. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹0.71 (vs ₹0.23 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.71 (up from ₹0.23 loss in 2Q 2024). Revenue: ₹7.32b (up 98% from 2Q 2024). Net income: ₹929.1m (up ₹1.19b from 2Q 2024). Profit margin: 13% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Brij Bansal was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Inox Wind Limited Announces Cessation of Bindu Saxen as Independent Director, Effective from 21St October, 2024 Inox Wind Limited announced that Bindu Saxen ceased to be Independent Director of the Company effective from 21st October, 2024 upon successful completion of her second term of 5 years on the closure of business hours of 20t October, 2024. Announcement • Oct 19
Inox Wind Limited to Report Q2, 2025 Results on Oct 25, 2024 Inox Wind Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Announcement • Oct 02
TPG, JSW Energy and Inox Wind Reportedly in Fray for Siemens Gamesa TPG Inc. (NasdaqGS:TPG), as well as domestic players JSW Energy Limited (BSE:533148) and Inox Wind Limited (NSEI:INOXWIND), are in a race to acquire Siemens Gamesa Renewable Power Private Limited, said people with knowledge of the matter. The Indian unit of wind energy company Siemens Gamesa could be valued at up to $500 million, though the transaction will be dependent on contingent liabilities, which could prove a deterrent and affect valuation, said the people. One round of bids has taken place. Client Obligations: The next round of bids could take place this month, though no date has been finalised. Bidders could ask for a cutoff on contingent liabilities, according to those in the know. The company could be a strategic buy for JSW's renewable energy arm, which wants to enter wind turbine manufacturing. It aims to transform from a power generator to an energy products and services provider. Inox Wind is an integrated wind energy player. TPG would look at a possible deal through its Rise Climate Fund, dedicated arm of its global impact investing platform. The fund focuses on five climate sub-sectors: energy transition, green mobility, sustainable fuels, sustainable molecules and carbon solutions. TPG, JSW Energy and Inox did not respond to queries. A Siemens Gamesa spokesperson said India is a relevant market for it. ‘We have significant project and service obligations in place, and it is important that we focus on executing them in the given timelines to fulfil the commitment with our customers,’ the person said, adding, ‘We are considering all options, including potential partnerships, for our onshore wind business in India, as part of our efforts to focus on markets where we can grow profitably.’ Siemens Energy AG, the energy arm of German technology firm Siemens and parent of Siemens Gamesa, in May initiated the sale of its Indian wind turbine business to cut losses and improve profitability. Announcement • Sep 10
Inox Wind Limited, Annual General Meeting, Sep 27, 2024 Inox Wind Limited, Annual General Meeting, Sep 27, 2024, at 15:00 Indian Standard Time. New Risk • Aug 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). New Risk • Aug 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹1.53 (vs ₹0.50 loss in 1Q 2024) First quarter 2025 results: EPS: ₹1.53 (up from ₹0.50 loss in 1Q 2024). Revenue: ₹6.51b (up 87% from 1Q 2024). Net income: ₹486.1m (up ₹1.13b from 1Q 2024). Profit margin: 7.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₹173. The fair value is estimated to be ₹144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 10%. Announcement • Aug 03
Inox Wind Limited to Report Q1, 2025 Results on Aug 09, 2024 Inox Wind Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: ₹1.56 loss per share (improved from ₹20.46 loss in FY 2023). Revenue: ₹18.0b (up 144% from FY 2023). Net loss: ₹382.9m (loss narrowed 94% from FY 2023). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 148%. Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Inox Wind Limited to Report Q4, 2024 Results on May 03, 2024 Inox Wind Limited announced that they will report Q4, 2024 results on May 03, 2024 Board Change • Apr 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Bindu Saxena was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Inox Wind Limited Announces Board Resignations Inox Wind Limited announced Shri Shanti Prashad Jain (DIN: 00023379) and Shri Venkatanarayanan Sankaranarayanan (DIN: 01184654) shall cease to be Independent Directors of the Company w.e.f. 1st April, 2024 upon successful completion of their second term of 5 years on the closure of business hours of 31 March, 2024. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹0.12 (vs ₹10.38 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.12 (up from ₹10.38 loss in 3Q 2023). Revenue: ₹5.07b (up 124% from 3Q 2023). Net income: ₹31.8m (up ₹2.90b from 3Q 2023). Profit margin: 0.6% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 92% per year, which means it is well ahead of earnings. Announcement • Feb 09
Inox Wind Limited Approves Chief Financial Officer Changes Inox Wind Limited announced that at its board meeting held on 9 February 2024, approved appointment of Shri Rahul Roongta as chief financial officer of the company, who shall also be a key managerial personnel of the company with effect from 10 February 2024 in terms of Section 203 of the Companies Act, 2013 and applicable provisions of Listing Regulations, in place of Shri Narayan Lodha, the outgoing chief financial officer, as per the re-organization in the company, effective 9 February 2024 . Shri Narayan Lodha has been assigned other responsibilities within the organization. Announcement • Feb 04
Inox Wind Limited to Report Q3, 2024 Results on Feb 09, 2024 Inox Wind Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Announcement • Dec 04
Inox Wind Limited announced that it has received INR 3 billion in funding from Inox Wind Energy Limited Inox Wind Limited announced a private placement of aggregate of 300,000,000 0.01% non-convertible non-cumulative participating redeemable preference shares at an issue price of INR 10 each for the gross proceeds of INR 3,000,000,000 on December 2, 2023. The transaction has been approved by the shareholders of the company. The transaction included participation from returning investor Inox Wind Energy Limited. New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-₹15b). Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Oct 29
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: ₹0.90 loss per share (improved from ₹4.83 loss in 2Q 2023). Revenue: ₹3.84b (up 259% from 2Q 2023). Net loss: ₹265.1m (loss narrowed 80% from 2Q 2023). Revenue missed analyst estimates by 27%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 77% per year, which means it is well ahead of earnings. Announcement • Sep 08
Inox Wind Limited, Annual General Meeting, Sep 29, 2023 Inox Wind Limited, Annual General Meeting, Sep 29, 2023, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023,the reports of the Board of Directors and Auditors thereon; to consider Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the report of the Auditors thereon; to consider and appoint a Director in place of Shri Mukesh Manglik , who retires by rotation and being eligible offers himself for re-appointment; to consider Re-appointment of M/s. Dewan P. N. Chopra & Co., Chartered Accountants, New Delhi (Firm Registration No. 000472N) as Independent Auditors of the Company and to fix their Remuneration; to consider Approval for payment of remuneration to Shri Devansh Jain, Whole-time Director of the Company, for the Financial Years 2022-23 to 2024-25 as per Schedule V of the Companies Act, 2013; and to consider other business matters. Reported Earnings • Jul 30
First quarter 2024 earnings released: ₹1.99 loss per share (vs ₹4.68 loss in 1Q 2023) First quarter 2024 results: ₹1.99 loss per share (improved from ₹4.68 loss in 1Q 2023). Revenue: ₹3.49b (up 66% from 1Q 2023). Net loss: ₹639.2m (loss narrowed 51% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 83% per year, which means it is well ahead of earnings. Announcement • Jul 24
Inox Wind Limited to Report Q1, 2024 Results on Jul 29, 2023 Inox Wind Limited announced that they will report Q1, 2024 results on Jul 29, 2023 New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹15b free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • May 27
Full year 2023 earnings released: ₹20.58 loss per share (vs ₹19.26 loss in FY 2022) Full year 2023 results: ₹20.58 loss per share (further deteriorated from ₹19.26 loss in FY 2022). Revenue: ₹7.51b (up 20% from FY 2022). Net loss: ₹6.67b (loss widened 56% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Announcement • May 20
Inox Wind Limited to Report Q4, 2023 Results on May 26, 2023 Inox Wind Limited announced that they will report Q4, 2023 results on May 26, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: ₹10.38 loss per share (vs ₹2.88 loss in 3Q 2022) Third quarter 2023 results: ₹10.38 loss per share (further deteriorated from ₹2.88 loss in 3Q 2022). Revenue: ₹2.29b (up 51% from 3Q 2022). Net loss: ₹2.87b (loss widened 362% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • Feb 04
Inox Wind Limited to Report Q3, 2023 Results on Feb 10, 2023 Inox Wind Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Dec 09
Inox Wind Limited announced that it expects to receive INR 6 billion in funding from Inox Leasing and Finance Limited and another investor Inox Wind Limited announced that it will issue 600,000,000 0.01% non-convertible, non-cumulative, participating, redeemable preference shares issued at face value of INR 10 each for gross proceeds of INR 6,000,000,000 on December 7, 2022. The transaction will include participation from existing investor, Inox Leasing and Finance Limited and Ultimate Holding Company. The transaction has been approved by the board of directors meeting of the company. Reported Earnings • Dec 04
Second quarter 2023 earnings released: ₹4.83 loss per share (vs ₹2.59 loss in 2Q 2022) Second quarter 2023 results: ₹4.83 loss per share (further deteriorated from ₹2.59 loss in 2Q 2022). Revenue: ₹1.12b (down 32% from 2Q 2022). Net loss: ₹1.33b (loss widened 132% from 2Q 2022). Revenue is forecast to grow 75% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target increased to ₹161 Up from ₹31.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of ₹119. Stock is down 6.7% over the past year. The company posted a net loss per share of ₹19.26 last year. Announcement • Sep 28
Inox Wind Limited Successfully Commissions India's First 3.3 MW, State of the Art, New Generation Wind Turbine in Gujarat, India Inox Wind, India's leading wind energy solutions provider announced the commissioning of India's first 3.3 MW wind turbine in Village Ranparda, Taluka Jasdon, District Rajkot in the state of Gujarat by the Hon'ble Chief Minister of Gujarat, Shri Bhupendrabhai Patel. The revolutionary 3.3 MW wind turbine, developed with globally renowned AMSC as technology partner, features a 100 m tubular tower and 146 m rotor blades -one of the largest in its class. This wind turbine offers one of the lowest possible cost of energy thereby providing a sustainable edge in the Indian Market. The new wind turbine is dedicated towards achieving the Honourable Prime Minister of India's vision of 50% electric power from non-fossil fuel-based energy resources by 2030. Announcement • Sep 07
Inox Wind Limited, Annual General Meeting, Sep 28, 2022 Inox Wind Limited, Annual General Meeting, Sep 28, 2022, at 12:00 Indian Standard Time. Agenda: to review performance of Non-Independent directors,the Board as a whole and Chairperson of the Company; to assess the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties and to familiarise Independent Directors with the Company. Reported Earnings • Aug 16
First quarter 2023 earnings released: ₹4.68 loss per share (vs ₹2.37 loss in 1Q 2022) First quarter 2023 results: ₹4.68 loss per share (down from ₹2.37 loss in 1Q 2022). Revenue: ₹2.11b (up 24% from 1Q 2022). Net loss: ₹1.29b (loss widened 147% from 1Q 2022). Over the next year, revenue is forecast to grow 392%, compared to a 16% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Announcement • Aug 07
Inox Wind Limited to Report Q1, 2023 Results on Aug 12, 2022 Inox Wind Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • May 30
Full year 2022 earnings released: ₹19.37 loss per share (vs ₹13.77 loss in FY 2021) Full year 2022 results: ₹19.37 loss per share (down from ₹13.77 loss in FY 2021). Revenue: ₹6.25b (down 12% from FY 2021). Net loss: ₹4.27b (loss widened 40% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 22
Inox Wind Limited to Report Q4, 2022 Results on May 27, 2022 Inox Wind Limited announced that they will report Q4, 2022 results on May 27, 2022 Announcement • Apr 21
Inox Wind Limited announced that it expects to receive INR 2.599999939 billion in funding from Samena Green Ltd, Lend Lease Company (India) Ltd., Inox Leasing and Finance Limited Inox Wind Limited announced a private placement of 16,865,079 equity shares at an issue price of INR 126 each, face value of INR 10 each for gross proceeds of INR 2,125 million and 15,573,770 convertible warrants at an issue price of INR 30.5 each for gross proceeds of INR 475 million; aggregate gross proceeds of INR 2,600 million on April 20, 2022. The transaction will include participation from non-promoters including Samena Green Ltd for INR 625 million overall, including INR 325 million for equity shares and INR 300 million for convertible warrants and Lend Lease Company (India) Ltd. for INR 475 million overall, including INR 300 million for equity shares and INR 175 million for convertible warrants and new promotor Inox Leasing and Finance Limited for INR 1,500 million for equity shares. The warrants will be convertible into equity shares of the company to subscribe one share against each warrant, an amount equivalent to at-least 25% of the issue price shall be payable at the time of subscription and allotment of each convertible warrant and the balance 75% shall be payable at the time of exercise of such convertible warrant. The warrants issued would expire in 18 months from the date of issue. All the securities will be issued on preferential allotment basis. The transaction has been approved by the board of directors of the company and subject to approval from the shareholders of the company. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹2.88 loss per share (down from ₹2.34 loss in 3Q 2021). Revenue: ₹1.86b (down 8.8% from 3Q 2021). Net loss: ₹621.3m (loss widened 20% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹2.88 loss per share (down from ₹2.34 loss in 3Q 2021). Revenue: ₹1.86b (down 8.8% from 3Q 2021). Net loss: ₹621.3m (loss widened 20% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Oct 16
Second quarter 2022 earnings released: ₹2.59 loss per share (vs ₹3.42 loss in 2Q 2021) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: ₹1.66b (down 3.1% from 2Q 2021). Net loss: ₹572.6m (loss narrowed 25% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹2.37 loss per share (vs ₹3.30 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹1.69b (up 75% from 1Q 2021). Net loss: ₹523.2m (loss narrowed 29% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Jun 27
Full year 2021 earnings released: ₹13.84 loss per share (vs ₹12.60 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹7.83b (up 3.1% from FY 2020). Net loss: ₹3.06b (loss widened 9.2% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Mar 09
Inox Wind Signs Binding Agreement with Integrum Energy Infrastructure Private Limited Inox Wind has signed a binding agreement with Integrum Energy Infrastructure Private Limited to supply, erect and commission 92 MW of wind power projects comprising of 2 MW (113 metre rotor diameter turbine combined with 92 metre hub height) turbines with a combination of total turnkey and limited scope supply. Inox Wind shall supply, erect and commission the turbines at various locations in the states of Gujarat, Karnataka, Maharashtra & Tamil Nadu by third quarter of fiscal year 2022 for captive customers. The agreement includes a turnkey order of 26 MW for which Inox Wind will provide Integrum Energy with end to end solutions from development and construction to commissioning and providing long term operations and maintenance services. This is a repeat order from Integrum Energy within a short period of 3 months which consisted of a 20 MW of turnkey wind project in Karnataka. Announcement • Feb 18
Inox Wind Bags Orders of 62 MW from IPPs and Retail Customers Spread Across Various Industries for Third Party Sales and Captive Consumption Inox Wind announced new orders for the supply and installation of wind turbine generators of 62 MW from IPPs and retail customers spread across various industries for third party sales and captive consumption. The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka. The contracts include supply and commissioning of 2 MW DFIG 113 meters rotor diameter Wind Turbine Generators (WTGs) as well as providing comprehensive operations and maintenance services for the life time of the project. Inox Wind provides its customers with end to end integrated solutions for the entire wind power value chain. The orders are expected to be commissioned by September 2021. The company which enjoys one of the largest order books in the industry has further strengthened its order book with the fresh orders. Reported Earnings • Feb 14
Third quarter 2021 earnings released: ₹2.34 loss per share (vs ₹1.24 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ₹2.04b (up 18% from 3Q 2020). Net loss: ₹519.7m (loss widened 90% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 11
New 90-day high: ₹73.30 The company is up 90% from its price of ₹38.65 on 13 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 42% over the same period. Announcement • Feb 05
Inox Wind Limited to Report Q3, 2021 Results on Feb 12, 2021 Inox Wind Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 04
New 90-day high: ₹65.85 The company is up 64% from its price of ₹40.25 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₹65.10 The company is up 50% from its price of ₹43.30 on 17 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 23% over the same period. Reported Earnings • Nov 10
Second quarter 2021 earnings released: ₹3.42 loss per share The company reported a soft second quarter result with increased losses and weaker control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: ₹1.77b (up 27% from 2Q 2020). Net loss: ₹760.0m (loss widened 66% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 04
New 90-day low: ₹36.05 The company is down 2.0% from its price of ₹36.70 on 06 August 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period. Announcement • Aug 22
Inox Wind Limited to Report Q1, 2021 Results on Aug 28, 2020 Inox Wind Limited announced that they will report Q1, 2021 results on Aug 28, 2020 Announcement • Jun 17
Inox Wind Limited to Report Q4, 2020 Results on Jun 20, 2020 Inox Wind Limited announced that they will report Q4, 2020 results on Jun 20, 2020 
