Inox Wind Ltd.
NSE: INOXWINDInox Wind Ltd.: A 30-second snapshot
INOXWIND, an Infrastructure sector wind energy equipment manufacturer, trades at ₹97.59 — down 42.6% over 12 months and 51.5% below its 52-week high of approximately ₹201. The stock carries a debt-to-equity ratio of 15.71, zero FCF-positive years on record, and -18% earnings growth over 5 years despite 32.5% revenue CAGR, making it one of the more financially stressed names in its peer group.
P/E
34.9
Forward P/E
15.4
ROE
—
Debt / Equity
15.71
Profit Margin
+11.3%
Div. Yield
—
5Y ROE > 15%
0/5
5Y FCF > 0
0/5
Quality
35/100
News
8 headlines · 0 positive · 2 negative
Inox Wind Ltd Valuation Shifts Signal Price Attractiveness Challenges - Markets Mojo
Markets Mojo
Inox Wind Ltd Valuation Shifts Signal Price Attractiveness Challenges - Markets Mojo
Markets Mojo
Inox Wind Ltd Sees Exceptional Volume Amid Mixed Price Signals - Markets Mojo
Markets Mojo
YES Bank, BEL, Inox Wind, L&T: Strategy for four stocks - Business Today
Business Today
Inox Wind Ltd Sees Sharp Open Interest Surge Amid Mixed Market Signals - Markets Mojo
Markets Mojo
Recent context
- ·A Markets Mojo headline published 15 May 2026 flagged 'valuation shifts signal price attractiveness challenges' — one of two negative-sentiment articles in the recent 8-article news sample.
- ·A Business Today piece from 30 April 2026 covered strategy discussion on INOXWIND alongside YES Bank, BEL, and L&T, indicating the stock is being tracked in multi-stock tactical contexts.
- ·Nearest technical support is identified at ₹75.05, approximately 23% below current price of ₹97.59; resistance levels sit at ₹105.30, ₹113.50, and ₹130.90.
Strengths
- +Trailing PE of 34.9x is the second-lowest among 6 infrastructure peers, with the sector ranging from 33.4x (L&T) to 108.6x (CG Power), suggesting a relatively lower earnings multiple vs. the peer set.
- +5-year revenue CAGR of 32.5% indicates the company has substantially grown its order execution and top-line scale within India's wind energy supply chain.
- +Current price of ₹97.59 is above the 50-DMA of ₹90.45, marking a short-term relative recovery after the extended decline.
- +Forward PE of 15.4x is sharply below the trailing PE of 34.9x, reflecting analyst expectations of significant earnings improvement in upcoming periods.
Weaknesses
- −Debt-to-equity of 15.71 is extreme for a non-financial infrastructure company; peer L&T carries ROE of 15.5% with a qualitatively more diversified revenue base, while INOXWIND's leverage amplifies any execution risk.
- −Earnings growth of -18% over 5 years alongside zero FCF-positive years signals the revenue scale has not yet converted into sustainable profitability or cash flow.
- −Price is 21% below the 200-DMA of ₹122.68 and has declined 51.5% from its 52-week high, reflecting sustained selling pressure over an extended timeframe.
- −Quality score of 40 ranks 4th of 6 infrastructure peers, with zero years above 15% ROE threshold recorded and a consistency score of 25, placing it in the lower tier of the peer group on profitability persistence.
Open questions
- ?Does the sharp gap between 32.5% revenue CAGR and -18% earnings growth reflect a structural cost or working-capital problem in the wind equipment business model, or a timing mismatch as project deliveries scale?
- ?At what debt-service coverage ratio does INOXWIND's 15.71 D/E ratio become manageable — and what revenue growth rate is required to reach that level at current interest rates?
- ?What drives the difference between trailing PE of 34.9x and forward PE of 15.4x — is the implied earnings ramp embedded in analyst forecasts supported by order book disclosures?
- ?How does INOXWIND's positioning within India's wind energy supply chain compare to integrated developers vs. pure-play equipment suppliers when evaluating the durability of its revenue pipeline?
Peer comparison: Infrastructure
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| INOXWIND | Inox Wind Ltd.You're viewing | 34.9 | — | 40 |
| Industry avg | across 5 peers | 69.5 | +17.5% | 40 |
| BEL | Bharat Electronics Ltd. | 52.0 | — | 57 |
| ABB | ABB India Ltd. | 87.1 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 108.6 | +19.6% | 45 |
| LT | Larsen & Toubro Ltd. | 33.4 | +15.5% | 26 |
| CUMMINSIND | Cummins India Ltd. | 66.5 | — | 24 |
Technical state
Current price
₹97.59
SMA 50
₹90.45
SMA 200
₹122.68
RSI (14)
49.6 (neutral)
From 52w high
-51.5%
1Y return
-42.6%
3M return
-12.3%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 15.71 is extremely elevated for a non-financial infrastructure company; this leverage level amplifies downside risk in any revenue shortfall or rising interest rate environment.
- highFCF-positive years = 0 across available history, and 5-year earnings growth is -18% despite 32.5% 5-year revenue CAGR, indicating the business has not converted top-line expansion into earnings or cash generation.
- highStock is down 42.6% over 12 months and 51.5% from its 52-week high; current price of ₹97.59 sits roughly 21% below the 200-DMA of ₹122.68, and below the 200-DMA for an extended period.
- mediumQuality score of 40 ranks 4th of 6 infrastructure peers; zero years with ROE above 15% on record and a consistency score of 25 reflect limited evidence of durable profitability.
- lowNews coverage is thin — 8 articles total, 0 positive, 6 neutral, 2 negative — concentrated largely in one source (Markets Mojo), limiting sentiment breadth.
Cross-section contradictions
- 32.5% 5-year revenue CAGR contrasts with -18% 5-year earnings growth and zero FCF-positive years on record, suggesting scale has not translated into profitability or cash generation.
- Trailing PE of 34.9x implies a growth premium in the earnings multiple, yet the stock has declined 42.6% over 12 months and 51.5% from its 52-week high — price action and the implied multiple diverge materially.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 16 May 2026 · rotates through NIFTY 500 every ~5 days