Inox Wind (INOXWIND)₹66.69+2.00%Heavy Electrical Equipment
In the Jun 2026 quarter (consolidated), Inox Wind reported sales of ₹813 Cr, down 1.5% from Jun 2025, and net profit of ₹64.18 Cr, down 34.0% year on year. For the year to Mar 2026, sales were ₹4,393 Cr and net profit ₹450 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 371 | 503 | 528 | 639 | 732 | 910 | 1,275 | 826 | 1,118 | 1,205 | 1,243 | 813 |
| Expenses | 322 | 411 | 430 | 506 | 568 | 709 | 1,023 | 645 | 892 | 928 | 1,047 | 663 |
| Operating Profit | 48.05 | 93.07 | 99.02 | 135 | 166 | 204 | 254 | 184 | 228 | 282 | 200 | 152 |
| OPM % | 13.1% | 18.1% | 19.1% | 21.0% | 23.1% | 22.1% | 20.1% | 22.1% | 20.1% | 23.1% | 16.0% | 19.0% |
| Other Income | 16.04 | 1.01 | 21.04 | 18.06 | 11.02 | 68.23 | 36.12 | 36.12 | 43.15 | 31.10 | 61.19 | 58.14 |
| Interest | 64.25 | 63.26 | 57.21 | 56.18 | 44.19 | 34.13 | 35.11 | 34.13 | 51.20 | 50.16 | 65.20 | 57.20 |
| Depreciation | 25.95 | 27.92 | 29.94 | 41.93 | 44.89 | 46.88 | 47.85 | 48.89 | 50.90 | 52.87 | 51.90 | 58.84 |
| Profit before tax | −25.93 | 2.99 | 30.93 | 54.83 | 87.79 | 190 | 208 | 138 | 169 | 208 | 144 | 94.76 |
| Tax % | 4.0% | 45.1% | −4.0% | 24.1% | 4.0% | 42.1% | 8.0% | 29.0% | 29.1% | 40.1% | 27.1% | 32.1% |
| Exceptional items | 2.01 | −2.01 | −15.03 | 3.01 | 0.00 | −8.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −27.07 | 2.01 | 33.11 | 42.12 | 84.28 | 110 | 191 | 97.27 | 121 | 127 | 106 | 64.18 |
| EPS (Rs) | −0.18 | 0.02 | 0.35 | 0.08 | 0.20 | 0.85 | 1.36 | 0.62 | 0.54 | 0.69 | 0.54 | 0.26 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,438 | 3,401 | 464 | 1,435 | 759 | 710 | 624 | 737 | 1,745 | 3,556 | 4,393 | 4,380 |
| Expenses | 3,719 | 2,868 | 549 | 1,290 | 878 | 904 | 927 | 1,000 | 1,486 | 2,806 | 3,514 | 3,530 |
| Operating Profit | 735 | 542 | −83.05 | 149 | −116 | −191 | −300 | −261 | 262 | 758 | 892 | 863 |
| OPM % | 17.1% | 16.0% | −17.9% | 10.1% | −14.9% | −26.9% | −47.9% | −35.0% | 15.1% | 21.1% | 20.0% | 19.7% |
| Other Income | 48.15 | 84.29 | 26.05 | 23.07 | 11.03 | 76.15 | 19.06 | 19.05 | 46.09 | 134 | 173 | 194 |
| Interest | 98.32 | 156 | 172 | 169 | 245 | 256 | 284 | 342 | 241 | 170 | 201 | 224 |
| Depreciation | 34.89 | 43.90 | 51.86 | 65.82 | 79.87 | 87.73 | 88.78 | 106 | 113 | 181 | 204 | 215 |
| Profit before tax | 648 | 426 | −279 | −61.81 | −429 | −458 | −651 | −687 | −44.89 | 538 | 657 | 615 |
| Tax % | 29.1% | 29.1% | −32.9% | −35.9% | −35.0% | −33.0% | −26.0% | −3.0% | 7.1% | 19.1% | 32.1% | — |
| Exceptional items | 5.01 | 0.00 | 0.00 | 0.00 | 1.01 | 12.04 | −9.02 | −3.01 | −13.03 | −11.03 | 0.00 | 0.00 |
| Net Profit | 463 | 304 | −188 | −40.10 | −280 | −308 | −484 | −672 | −48.16 | 439 | 450 | 419 |
| EPS (Rs) | 4.89 | 3.22 | −2.00 | −0.43 | −2.97 | −3.25 | −5.09 | −4.82 | −0.27 | 3.24 | 2.35 | 2.03 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 326 | 391 | 1,621 | 1,727 |
| Reserves | 1,167 | 1,660 | 1,964 | 1,777 | 1,736 | 1,459 | 1,090 | 686 | 1,405 | 2,408 | 3,408 | 4,638 |
| Borrowings | 874 | 1,456 | 1,674 | 1,061 | 1,303 | 1,120 | 1,566 | 2,636 | 2,414 | 2,077 | 1,498 | 1,585 |
| Other Liabilities | 934 | 1,441 | 1,297 | 1,034 | 1,477 | 2,488 | 2,585 | 2,419 | 1,932 | 1,870 | 2,255 | 4,107 |
| Total Liabilities | 3,198 | 4,779 | 5,157 | 4,094 | 4,739 | 5,288 | 5,462 | 5,963 | 6,077 | 6,746 | 8,782 | 12,057 |
| Fixed Assets | 202 | 526 | 762 | 981 | 970 | 1,223 | 1,188 | 1,339 | 1,614 | 1,836 | 2,283 | 2,814 |
| CWIP | 48.85 | 42.88 | 112 | 19.94 | 65.81 | 32.87 | 229 | 148 | 123 | 303 | 295 | 246 |
| Investments | 0.00 | 62.93 | 253 | 0.00 | 90.89 | 93.88 | 32.97 | 32.97 | 0.99 | 0.00 | 446 | 550 |
| Other Assets | 2,947 | 4,149 | 4,029 | 3,094 | 3,612 | 3,937 | 4,013 | 4,442 | 4,341 | 4,607 | 5,760 | 8,446 |
| Inventories | 424 | 560 | 690 | 929 | 945 | 994 | 918 | 1,004 | 1,130 | 1,245 | 1,352 | 1,791 |
| Trade receivables | 1,428 | 2,401 | 2,372 | 1,333 | 1,623 | 1,316 | 1,045 | 1,069 | 824 | 1,132 | 2,677 | 4,233 |
| Cash & equivalents | 711 | 495 | 438 | 127 | 135 | 161 | 243 | 223 | 271 | 54.11 | 214 | 614 |
| Total Assets | 3,198 | 4,779 | 5,157 | 4,094 | 4,739 | 5,288 | 5,462 | 5,963 | 6,077 | 6,746 | 8,782 | 12,057 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −106 | −163 | 114 | 270 | 147 | 735 | −112 | −476 | −1,103 | −367 | 139 | −600 |
| Cash from investing activity | −148 | −969 | −5.01 | 332 | −264 | −346 | −49.07 | −74.09 | 231 | 487 | −407 | −851 |
| Cash from financing activity | 957 | 501 | 19.01 | −760 | 76.02 | −385 | 282 | 486 | 823 | −130 | 277 | 1,559 |
| Net cash flow | 704 | −630 | 128 | −159 | −39.97 | 1.99 | 122 | −61.96 | −44.93 | −8.99 | 8.99 | 110 |
| Capex | 104 | 405 | 291 | 187 | 137 | 297 | 120 | 180 | 389 | 541 | 622 | 651 |
| Free cash flow | −210 | −566 | −176 | 83.87 | 9.98 | 461 | −231 | −653 | −1,486 | −880 | −482 | −1,243 |
| CFO / OP % | −6.0% | −4.0% | 43.9% | −373.1% | 101.0% | −650.1% | 68.0% | 154.9% | 423.9% | −117.1% | 19.0% | −64.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 194 | 199 | 256 | 1,052 | 415 | 636 | 539 | 628 | 411 | 239 | 277 | 354 |
| Inventory days | 92 | 73 | 132 | 2,864 | 410 | 1,362 | 732 | 939 | 842 | 440 | 237 | 267 |
| Days payable | 155 | 158 | 187 | 1,653 | 387 | 1,446 | 829 | 663 | 460 | 214 | 188 | 178 |
| Cash conversion cycle | 129 | 114 | 201 | 2,262 | 437 | 551 | 441 | 904 | 791 | 463 | 325 | 442 |
| Working capital days | 54 | 48 | 68 | 614 | 138 | −217 | −430 | −259 | −11 | 75 | 161 | 267 |
| ROCE % | 28.0% | 26.0% | 16.0% | −3.0% | 3.0% | −6.0% | −8.0% | −11.0% | −8.0% | 4.0% | 12.0% | 10.0% |
For the Jun 2026 quarter, Inox Wind reported sales of ₹813 Cr, down 1.5% year on year and net profit of ₹64.18 Cr, down 34.0% year on year. The operating margin was 19.0%.
Inox Wind's sales for the year to Mar 2026 were ₹4,393 Cr; over the last twelve months they were ₹4,380 Cr.
Net profit for the year to Mar 2026 was ₹450 Cr, and ₹419 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.03.
Inox Wind reported borrowings of ₹1,585 Cr at Mar 2026, against cash and equivalents of ₹614 Cr.
Cash from operations was −₹600 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1,243 Cr.