Inox Wind Energy share price & results
- Mar 2025
- Mar 2025
Holding company for INOXGFL Group wind power business; strategic stake in subsidiary Inox Wind Limited (IWL).
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2.8 | −45.0% YoY | Quarterly, as filed | Quarter to Mar 2025 | Revenue from operations as filed. |
| Operating margin | 54.6 | +23.8 pts YoY | Operating profit / revenue | Quarter to Mar 2025 | For the quarter; a change is in percentage points. |
| Net profit | 0.99 | −51.0% YoY | Quarterly, as filed | Quarter to Mar 2025 | Profit after tax as filed. |
| Return on equity | +10.4 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | +37.0 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | −35.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +45.0% 1Y
1Y: ₹7,097.55 on 18 Jun 2024 → ₹10,293. High ₹13,788.45 (23 Sept 2024), low ₹6,786.2 (28 Jun 2024).
- Previous close
- ₹10,522
- Market cap
- ₹12.4k Cr
- 52-week range
- ₹6,786.2 – ₹13,788.45
- One year
- +45.84%
Overview
- Symbol
- NSE:IWEL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Inox Wind Energy does
Based on the company's own presentations, annual report and earnings calls.
Inox Wind Energy Limited (IWEL) is the listed holding company for the INOXGFL Group's wind energy business, established in 2020 and listed on the BSE and NSE in June 2021 following the demerger of Gujarat Fluorochemicals Limited's renewable energy undertaking. It earns mainly through its strategic investment in subsidiary Inox Wind Limited (IWL) — the group's operating wind turbine OEM, EPC and O&M business — rather than through direct manufacturing, project execution or turbine sales of its own. IWEL itself carries out minimal direct operations and is currently undergoing a Board-approved scheme of amalgamation to merge into IWL, pending NCLT approval.
- Corporate structure
- Holding company for INOXGFL Group's wind energy business (no direct manufacturing/EPC operations of its own)
- Principal investee / operating subsidiary
- Inox Wind Limited (IWL) — group's wind turbine OEM, EPC & O&M business
- Standalone employees
- 2 (as of March 31, 2024)
- Pending corporate action
- Scheme of amalgamation to merge IWEL into subsidiary Inox Wind Limited, approved by Board (June 2023), awaiting NCLT approval
- Listing history
- Listed on BSE & NSE in June 2021 via demerger of Gujarat Fluorochemicals Limited's renewable energy business
- Parent group
- INOXGFL Group
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2021 to Mar 2025).
Financials
What the filings say
Net profit, year on year: −51% (quarter to mar 2025 against mar 2024).
| Line item | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 2 | 5 | 5 | 7 | 3 | 3 | 3 |
| Expenses | 3 | 1 | 2 | 4 | 2 | 8 | 3 | 1 |
| Operating profit | -2 | 1 | 3 | 2 | 5 | -4 | -0 | 2 |
| Operating margin | −98.3% | 60.4% | 62.0% | 30.8% | 67.5% | −126.9% | −6.7% | 54.6% |
| Other income | 1 | 274 | 783 | 1 | 878 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 3 | 1 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -1 | 275 | 785 | 1 | 880 | -6 | -1 | 1 |
| Tax rate | −15.9% | 3.5% | 4.2% | −40.3% | 1.4% | −3.4% | −22.4% | −17.9% |
| Net profit | -1 | 265 | 752 | 2 | 867 | -6 | -1 | 1 |
| EPS (₹ per share) | -0.80 | 220.78 | 626.98 | 1.68 | 722.68 | -4.79 | -0.55 | 0.82 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Sales | 12 | 14 | 16 |
| Expenses | 3 | 10 | 15 |
| Operating profit | 9 | 4 | 2 |
| Other income | 1 | 1,059 | 878 |
| Interest | 10 | 0 | 4 |
| Depreciation | 3 | 3 | 3 |
| Profit before tax | -2 | 1,060 | 874 |
| Net profit | 7 | 1,018 | 862 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 12 | 12 |
| Reserves | 825 | 946 | 964 | 2,033 | 2,895 |
| Borrowings | 0 | 40 | 0 | 205 | 4 |
| Other liabilities | 68 | 71 | 44 | 81 | 90 |
| Total liabilities | 904 | 1,068 | 1,019 | 2,331 | 3,001 |
| Fixed assets | 71 | 53 | 32 | 30 | 28 |
| Capital work in progress | 38 | 38 | 38 | 38 | 50 |
| Investments | 25 | 856 | 856 | 1,952 | 2,783 |
| Other assets | 771 | 121 | 93 | 311 | 140 |
| Total assets | 904 | 1,068 | 1,019 | 2,331 | 3,001 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Cash from operations | 15 | 37 | -4 | -7 | -18 |
| Cash from investing | -14 | -99 | 42 | -250 | 222 |
| Cash from financing | 0 | 62 | -39 | 257 | -205 |
| Net cash flow | 1 | 0 | 0 | 0 | 0 |
| Free cash flow | 23 | 39 | 6 | -7 | 848 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Debtor days | 118 | 63 | 0 | 0 | 0 |
| Cash conversion cycle | 118 | 63 | 0 | 0 | 0 |
| Working capital days | 27120 | -16 | 1169 | 1547 | 2615 |
| Return on capital employed | — | −1.0% | 1.0% | 0.0% | 34.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 69.50% as of Mar 2025; institutions added 0.46 pts since Dec 2024.
- Promoters 69.50%
- Foreign institutions 3.70%
- Domestic institutions 2.52%
- Public 24.28%
Who bought this quarter
since Dec 2024
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mutual fund +0.05 pp 1.10% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2025 filing
Every holder of Inox Wind Energy above SEBI's 1% disclosure line, and what changed since Dec 2024.
| Holder | Stake | Change |
|---|---|---|
| 48.27% | unchanged | |
| 12.39% | unchanged | |
| 4.63% | unchanged | |
| 4.19% | unchanged | |
| 3.74% | unchanged | |
| 1.29% | unchanged | |
| Mutual fund | 1.10% | +0.05 pp |
| FPI fund | 1.04% | unchanged |
| 0.02% | unchanged | |
| 0.01% | unchanged | |
| 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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