Fully integrated Indian wind-turbine maker supplying WTGs, EPC and O&M services for wind and hybrid renewable projects.
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 222 | 222 | 222 | 326 | 391 | 1.6k | 1.7k | 1.7k |
| Reserves | 1.5k | 1.1k | 688 | 1.4k | 2.4k | 3.4k | 4.9k | 4.7k |
| Borrowings | 1.1k | 1.6k | 2.6k | 2.4k | 2.1k | 1.5k | 1.1k | 1.6k |
| Other Liabilities | 2.5k | 2.6k | 2.4k | 1.9k | 1.9k | 2.2k | 2.2k | 4.1k |
| Total Liabilities | 5.3k | 5.5k | 6.0k | 6.1k | 6.8k | 8.8k | 10.0k | 12.1k |
| AssetsFixed Assets | 1.2k | 1.2k | 1.3k | 1.6k | 1.8k | 2.3k | 2.4k | 2.8k |
| CWIP | 33 | 230 | 148 | 123 | 304 | 296 | 402 | 247 |
| Investments | 94 | 33 | 33 | 1 | 0 | 446 | 489 | 550 |
| Other Assets | 3.9k | 4.0k | 4.4k | 4.3k | 4.6k | 5.8k | 6.7k | 8.4k |
| Total Assets | 5.3k | 5.5k | 6.0k | 6.1k | 6.8k | 8.8k | 10.0k | 12.1k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 147 | 733 | -112 | -475 | -1.1k | -366 | 138 | -598 |
| Cash from Investing | -264 | -346 | -49 | -74 | 231 | 487 | -406 | -850 |
| Cash from Financing | 76 | -385 | 282 | 486 | 824 | -130 | 277 | 1.6k |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 10 | 462 | -231 | -654 | -1.5k | -881 | -483 | -1.2k |
| FCF Margin | — | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
INOXWIND · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.