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Inox Wind Limited (INOXWIND)

Small Cap

Industrials stocks · Small cap · NSE

Inox Wind Limited (INOXWIND) is an Indian company operating in the Industrials sector, primarily involved in wind energy. The company announced its participation in investor conferences to share its Q1 FY227 financial results presentation.

₹64.89
-2.74 · -4.05%
Market cap ₹11,215 Cr
IndicesNifty 500
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am IST
Details
Quote21 Oct, 04:45 am IST
Base fundamentals20 Oct 2026 · screener
Latest result16 Aug, 12:39 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens

Trend score and candlestick chart

31Bearish

full bear SMA stack · SMA20 -5.2% / mo · MACD − · near 52W low

Stock trend: 18
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

INOXWINDD candles · FIT view-35.2%
Latest close ₹64.89 on 2026-10-19
Bar
-3.9%
RSI
37
MACD hist
-0.12
52W pos
3%
Visible chart range
Candle interval
2026-10-19O ₹67.50H ₹67.95L ₹64.78C ₹64.89Vol 82.2L sh
₹60.14₹72.74₹85.35₹97.96₹110.5652L₹64.892026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

INOXWINDNifty India ManufacturingNifty 500
-24%-14%-3%+7%20 Jul1 Sept19 Oct19 Oct 2026INOXWIND -18.1%Nifty India Manufactu… -5.8%Nifty 500 -5.6%
INOXWIND
-18.1%
Nifty 500
-5.6%
Nifty India Manufacturing
-5.8%
Vs Nifty 500
-12.5 pp
Chart stats
19 Oct 2026
From 52W high
-59.3%
₹159.3
52W range position
3%
₹62.4 - ₹159.3
ATR (14)
4.1%
₹2.6
Volume vs 20D
0.70x
Latest completed session
Avg traded value
₹80.6 Cr
20-session average
20D price channel
₹62.4 - ₹78.9
48.9% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST
40

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Bad
0

Revenue -1.4% · PAT -34.0% YoY

Technical
Bearish
31

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+17.0%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
61

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -1% YoY · PAT -34% YoY · margin compression

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹814 Cr-1.4%-34.6%
EBITDA₹152 Cr-17.4%-24.0%
Operating margin19.0%-300 bps+300 bps
PAT₹64 Cr-34.0%-39.6%
PAT margin7.9%-388 bps-66 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
32.60
P/B
1.76
EV/EBITDA
11.91
Market Cap
11215.00Cr

Profitability

ROE
7.50%
ROCE
10.60%
ROA
3.49%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
44.00%
EPS 5Y
27.00%
Revenue 3Y
81.00%
EPS 3Y
38.00%

Balance Sheet

Debt/Equity
0.25
Interest Coverage
3.86×
Altman Z
2.55
Book Value
36.90

Cash Flow

FCF Yield
—
FCF Positive Y
4/5
OCF
-598.00 Cr
EPS TTM
1.99

Shareholding

Promoter Hold
44.18%
Promoter Pledge
0.00%
Momentum 52W
3%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 4,397+23.6% vs prev
04397Mar 2017: 3,405Mar 2018: 465Mar 2019: 1,436Mar 2020: 760Mar 2021: 711Mar 2022: 625Mar 2023: 737Mar 2024: 1,746Mar 2025: 3,557Mar 2026: 4,397FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 449+2.5% vs prev
-671.00449.0Mar 2017: 303Mar 2018: -188Mar 2019: -40.0Mar 2020: -279Mar 2021: -307Mar 2022: -483Mar 2023: -671Mar 2024: -48.0Mar 2025: 438Mar 2026: 449FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 26.0+272.2% vs prev
-33.7026.0Mar 2017: 15.1%Mar 2018: -9.6%Mar 2019: -2.4%Mar 2020: -21.2%Mar 2021: -33.7%Mar 2022: -29.6%Mar 2023: -24.5%Mar 2024: -1.5%Mar 2025: 7.0%Mar 2026: 26.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 37.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~5.5% over last month) — short-term momentum negative.
  • RSI(14) at 37 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • Within 5% of 52-week low — testing support.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

1
RS percentile
Stage 4 Downtrend
1M return
-15.5%
3M return
-18.1%
6M return
-37.9%
1Y return
-57.7%
RS 1D
0
RS 20D
-2
Sector rank
#5
Industry rank
-
Stage evidence
  • Price is 21.9% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -2.6%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 48.64-3.07%
45627895112Sept 25Feb 26Jun 26Oct 2649
RS vs Nifty 50049

Valuation & peers

U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

40U-SCORE
WATCHLIST

Fundamental score breakdown

U band · WATCHLIST
Valuation7/30
Growth20/25
Quality0/20
Balance Sheet6/15
Cash Flow3/10
Piotroski
6/9 (+3)
Penalties
1
Raw sum
40

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

40/100 · legacy band WATCHLIST

Positive drivers

  • Fair-value margin of safety is positive at 17.0%.
  • Growth contributes 20/25 to the score.
  • Balance sheet contributes 6/15 to the score.

Main drags

  • Quality is weaker at 0/20; verify the latest quarterly trend.
  • Valuation is weaker at 7/30; verify the latest quarterly trend.
  • Cash flow is weaker at 3/10; verify the latest quarterly trend.
Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
32.6
PB
1.8
EV/EBITDA
11.9
ROE
7.5%
ROCE
10.6%
FCF Yield
—
Debt/Equity
0.3
MoS
+17.0%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
40
Previous: 40
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+17.0%
Previous: +17.0%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
40
40
40
38
40
40
40
40
40
40
40
40

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹40.65
-59.6% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹78.21
+17.0% MoS
PEG
1.04

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
TRANSWIND
SME
Transwind Infra Ltd.
Renewable Energy
match 137
54
9.3
5.3%
+56%
FAIR VALUE
CLEANMAX
Small
Clean Max Enviro Energy Solutions Limited
Renewable Energy
match 125
19
97.7
1.8%
-250%
OVERVALUED
ENERGYDEV
Small
Energy Development Company Limited
Renewable Energy
match 120
39
285.0
33.2%
-1034%
WATCHLIST
GREENPOWER
Small
Orient Green Power Company Limited
Renewable Energy
match 120
53
19.0
5.3%
+40%
FAIR VALUE
INDOWIND
Small
Indowind Energy Limited
Renewable Energy
match 119
23
—
0.1%
-3673%
OVERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-10-14T07:48:11.600Z
Management commentary snapshot

Q1 FY2027 financial results presentation to be shared at upcoming investor conferences; no financial details disclosed in this intimation.

The provided document is an intimation of investor meetings and does not contain any financial results, operational data, or strategic updates. Therefore, an evidence-based assessment of the investment thesis is not possible at this time.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens
Compare YOY

The document is an intimation of investor meetings and does not contain any financial or operational results for Q1 FY2027. Therefore, a comparison basis cannot be determined from the provided information.

Management forward view

Investor Engagement

Company representatives will attend investor conferences organized by Anand Rathi Institutional Equities and Arihant Capital Markets Ltd on September 21 and 28, 2026.

Thesis monitor

Numbers and claims to verify in the next filings

CheckpointCurrent evidenceWhat to verify next

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score
61Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 32nd percentile of the scored universe and 28th percentile within Industrials. Main check: results consistency is weak at 41/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 21 Oct 2026
management-trust-v1
141 docs text-extracted · 39 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
32nd percentile

overall median 67 · Industrials: 28th pctile, median 68 · Small: 36th pctile, median 66

Evidence depth
Financial-only

141 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
41
weak · quarterly consistency

Trust positives

  • ▸Promoter pledge is zero.
  • ▸4 years of positive FCF.

Trust risks

  • ▸Operating cash flow is negative at ₹-598 Cr.
  • ▸2 latest quarters had PAT decline worse than 25% YoY.
  • ▸ROE is low at 7.5%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

12 shown
Investor presentationSep 2026

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Inox Wind to attend investor conferences on 21 and 28 September 2026; Q1 FY2027 results presentation shared.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Sep - Clarifies 100 MW turnkey order was from Terra Clean Limited, IOCL subsidiary, not directly IOCL.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Submission of copies of newspaper advertisements confirming dispatch of Notice of 17th Annual General meeting of the Company.

Source: Bse

Open source ↗
Investor presentationAug 2026

Aug 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptAug 2026

Aug 2026 · Transcript

Source: Bse

Open source ↗
Investor presentationJun 2026

Jun 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptJun 2026

Jun 2026 · Transcript

Source: Bse

Open source ↗
AnnouncementJun 2026

Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 Aug - CARE Ratings reported Q1 FY27 rights issue proceeds fully utilised; no deviation noted.

Source: Bse

Open source ↗
Investor presentationJun 2026

Jun 2026 · PPT

Source: Bse

Open source ↗
Concall transcriptJun 2026

Jun 2026 · Transcript

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Diversification / Disinvestment 29 Jun - Inox Wind to divest IRSL shares for about Rs. 50 crore; stake falls to 87.98%.

Source: Bse

Open source ↗
Credit rating

Announcement under Regulation 30 (LODR)-Credit Rating 17 Jun - Inox Wind voluntarily withdrew CRISIL ratings for banking facilities; other ratings remain AA- and A1+.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.