- Valuation
- ₹27,220 Cr

About Inox Wind
Inox Wind is a publicly listed company based in Noida (India) founded in 2009. Wind turbine components are designed and manufactured by Inoxwind. It operates on a Direct-to-Consumer (D2C) and Professional Services model. The company has 1,960 employees. Its Indian entity Inox Wind Limited reported revenue of ₹3,702 Cr. Inox Wind offers products and services including Wind Turbines and Infrastructure Operations. Its focus areas include Energy, Renewable Energy and Wind Energy. Its competitors include Suzlon, ReGen Powertech and Pioneer Wincon; 3 of its 3 listed competitors have raised funding.
Company details
Inox Wind Limited is established as a prominent player in the renewable energy sector, focusing on wind energy solutions in India. The company is engaged in the design, manufacturing, and installation of wind turbines tailored for low wind speed sites, delivering higher energy output. Services are provided to various clients including IPPs, Utilities, PSUs, Corporates, and Retail Investors. Operations are supported by state-of-the-art manufacturing units, ensuring cost-effective and sustainable solutions. The commitment to performance excellence and reliability is maintained across all offerings in the wind energy market.
Recognitions & Rankings of Inox Wind
- Headquarters Noida, India
- Employees 1,960
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website inoxwind.com
- Social LinkedIn Instagram
- Legal Name Inox Wind Ltd.
- Market Cap₹10,822 Cr
INOXWIND · NSE
- Share Price₹62.11
-0.81% today
- Revenue₹4,398 Cr
FY 2025-26 · +23.6% YoY
- EBITDA₹891 Cr
Margin 20.3%
- Net Profit₹405 Cr
FY 2025-26 · -11.8% YoY
- P/E (TTM)32.6x
P/B 1.8x
- ROE8.3%
ROCE 12.2%
- Debt / Equity0.28
Interest cover 29.1x
- Latest Funding Round$96.07M (USD), Post-IPO
Nov 2023
- Investors
- Employee Count1,960
Associated legal entities of Inox Wind
Inox Wind is associated with 16 registered companies on The Company Check; the primary company is Inox Wind Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Inox Wind Limited Listed CIN L31901HP2009PLC031083 | Active | 09 Apr 2009 | Village Basal, Himachal Pradesh | ₹3,702 Cr | 868 | 9 | View details |
| Sri Pavan Energy Private Limited CIN U40300TG2018PTC158208 | Active | 09 Apr 2018 | Secunderabad, Telangana | ₹5.2 Cr | 2 | View details | |
| Flutter Wind Energy Private Limited CIN U40300GJ2018PTC100609 | Active | 18 Jan 2018 | Vadodara, Gujarat | ₹0.9 Cr | 2 | View details | |
| Vigodi Wind Energy Private Limited CIN U40300GJ2017PTC099851 | Active | 20 Nov 2017 | Vadodara, Gujarat | 2 | View details | ||
| Haroda Wind Energy Private Limited CIN U40300GJ2017PTC099818 | Active | 16 Nov 2017 | Vadodara, Gujarat | 2 | View details | ||
| Ripudaman Urja Private Limited CIN U40300GJ2017PTC097140 | Active | 28 Apr 2017 | Vadodara, Gujarat, India | View details | |||
| Suswind Power Private Limited CIN U40300GJ2017PTC097128 | Active | 27 Apr 2017 | Vadodara, Gujarat, India | View details | |||
| Wind Four Renergy Private Limited CIN U40300GJ2017PTC097003 | Active | 21 Apr 2017 | Vadodara, Gujarat, India | View details | |||
| Waft Energy Private Limited CIN U40200GJ2018PTC101752 | Active | 10 Apr 2018 | Vadodara, Gujarat, India | View details | |||
| Vuelta Wind Energy Private Limited CIN U40106GJ2018PTC100591 | Active | 17 Jan 2018 | Vadodara, Gujarat, India | View details | |||
| Vibhav Energy Private Limited CIN U40106GJ2017PTC098230 | Active | 10 Jul 2017 | Vadodara, Gujarat, India | View details | |||
| Vasuprada Renewables Private Limited CIN U40100GJ2017PTC097130 | Active | 27 Apr 2017 | Vadodara, Gujarat, India | View details | |||
| Sarayu Wind Power (Tallimadugula)Private Limited CIN U40108TG2012PTC078732 | Active | 24 Jan 2012 | Hyderabad, Telangana, India | View details | |||
| Rbrk Investments Limited CIN U40100TG2005PLC047851 | Active | 20 Oct 2005 | Hyderabad, Telangana, India | View details | |||
| Marut-Shakti Energy India Limited CIN U04010GJ2000PLC083233 | Active | 01 Feb 2000 | Vadodara, Gujarat, India | View details | |||
| Igesl Solar O&M Services Private Limited CIN U35100GJ2017PTC097140 | Active | 28 Apr 2017 | Vadodara, Gujarat | ₹0.1 Cr | 3 | View details |
Products & Services of Inox Wind
Inox Wind offers a comprehensive portfolio of products and services, including Wind Turbines and Infrastructure Operations.
Wind turbines are designed for low wind speed sites.
Infrastructure operations are managed for wind energy projects.
Funding Insights of Inox Wind
- Total Rounds 2
- Last Round Post-IPO — $96.07M
- First Round $14.57M
(Jul 2018)
- Investors Count 1
All 2 funding rounds of Inox Wind with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2023 | $96.07M | Post-IPO | – | – | – |
| Jul 2018 | $14.57M | Debt – Conventional | – | – |
1 investors in total: 1 institutional.
Investors in Inox Wind
Inox Wind has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Aditya Birla Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified financial services including investment, insurance, and lending are offered. | 2007 | adityabirlacapital.com | Mumbai, India |
Investor details for Inox Wind
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Inox Wind Limited (Inox Wind)
Inox Wind Limited is the primary company behind Inox Wind. The boards of the 6 registered companies of Inox Wind currently have 13 directors; the longest-serving is Devansh Jain, appointed in 2009. 35 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devansh Jain DIN 01819331 | Whole-time director | 25 Apr 2009 | 17 yrs 5 mo | Inox Wind Limited |
| Mukesh Rajnarayan Manglik DIN 07001509 | Director | 28 Apr 2017 | 9 yrs 5 mo | Igesl Solar O&M Services Private Limited, Inox Wind Limited |
| Venkatesh Sonti DIN 02829206 | Director | 18 Jan 2018 | 8 yrs 9 mo | Flutter Wind Energy Private Limited, Haroda Wind Energy Private Limited, Vigodi Wind Energy Private Limited |
| Bhupesh Kumar Juneja DIN 03526996 | Director | 18 Jan 2018 | 8 yrs 9 mo | Flutter Wind Energy Private Limited |
| Srinath Reddy Nalla DIN 00052862 | Director | 05 Mar 2019 | 7 yrs 7 mo | Sri Pavan Energy Private Limited |
| Kishan Reddy Nalla DIN 00038966 | Director | 05 Mar 2019 | 7 yrs 7 mo | Sri Pavan Energy Private Limited |
| Shailendra Tandon DIN 07986682 | Director | 31 Jan 2020 | 6 yrs 8 mo | Igesl Solar O&M Services Private Limited, Vigodi Wind Energy Private Limited |
| Manoj Dixit DIN 06709232 | Whole-time director | 03 Dec 2022 | 3 yrs 10 mo | Inox Wind Limited |
| Sanjeev Jain DIN 00023409 | Director | 01 Apr 2024 | 2 yrs 6 mo | Inox Wind Limited |
| Brij Mohan Bansal DIN 00261063 | Director | 01 Apr 2024 | 2 yrs 6 mo | Inox Wind Limited |
| Rajesh Kumar Goel DIN 10657030 | Director | 04 Nov 2024 | 1 yr 11 mo | Haroda Wind Energy Private Limited |
| Mathusudhana Seethappa Karunakaran DIN 10055982 | Director | 06 May 2025 | 1 yr 5 mo | Igesl Solar O&M Services Private Limited |
| Madhurima Sayan Das DIN 06387873 | Director | 05 Sep 2025 | 1 yr 1 mo | Inox Wind Limited |
People of Inox Wind
60 people are tracked at Inox Wind (9 in leadership, 6 in board & advisors, 45 in team); the tracked headcount is 1,960.
| Name | Role | Group |
|---|---|---|
Uma Shankar | Deputy General Manager Marketing | Leadership |
Rajas Ranjan Acharya | General Manager | Leadership |
Narottam Dubey | Head-hr Admin (bu) | Leadership |
Shivam Tandon | CFO (inox Wind Energy Limited)/ Director In Subsidiary | Leadership |
Shobhit Sharma | Assistant General Manager | Leadership |
Magan .. | Head-hr & ER | Leadership |
Nitesh Kumar | President-project Development&execution;whole Time Director-resco Global;director-igrel Renewables | Leadership |
Gudavalli Srikanth | Business Unit Head | Leadership |
Ca. Chandra Shekhar Tripathi | General Manager Taxation | Leadership |
| Wholetime Director | Board & advisors | |
| Non-Executive Director | Board & advisors | |
V. Sankaranarayanan | Independent Director | Board & advisors |
Bindu Saxena | Independent Director | Board & advisors |
| Wholetime Director | Board & advisors | |
Shanti Prashad Jain | Independent Director | Board & advisors |
Dhammshil Shyamkuwar | Elecrical Engineer | Team |
Kumar Y | Business Developer | Team |
Rakesh Swain | Dy. Manager Supply Chain-logistics | Team |
Kanhu Charana Gouda | Electrical Engineer | Team |
Ravi Asthana | Senior Manager Exim | Team |
40 more people are available in the full profile.
Complete people profiles for Inox Wind
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Inox Wind
Inox Wind is a publicly listed company on the NSE with ticker symbol INOXWIND in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Apr 2015
- Listed onNSE: INOXWIND · BSE: 539083
- Listed entityInox Wind Ltd.
- Exchange sectorProducer manufacturing
- ISININE066P01011
- Share price₹69.87 (-0.1% on the day) · 2026-10-14
- Market capitalisation₹15,185 Cr
- Price to earnings35.1
- EPS (diluted, trailing year)₹1.99
- Volume (last session)8,348,004
Financials of Inox Wind
Exchange-reported figures of Inox Wind Limited, the listed company behind Inox Wind (NSE: INOXWIND).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,398 | 3,557 | 1,746 | 737 | 625 | 711 | 760 |
| Revenue growth | +23.6% | +103.7% | +137.0% | +18.0% | -12.1% | -6.5% | - |
| EBITDA | 891 | 744 | 33.57 | (264) | (310) | (192) | (116) |
| EBITDA margin | +20.3% | +20.9% | +1.9% | -35.8% | -49.7% | -27.0% | -15.3% |
| Profit before tax | 659 | 539 | (44.83) | (689) | (653) | (459) | (430) |
| Net profit | 405 | 459 | (22.99) | (664) | (471) | (318) | (280) |
| Net profit margin | +9.2% | +12.9% | -1.3% | -90.1% | -75.4% | -44.7% | -36.9% |
| EPS (₹) | 2.34 | 2.76 | (0.91) | (20.46) | (21.64) | (13.77) | (12.60) |
| Balance sheet | |||||||
| Total assets | 9,457 | 6,991 | 5,650 | 4,761 | 3,859 | 2,937 | 2,835 |
| Net worth | 6,382 | 4,413 | 2,808 | 1,736 | 1,828 | 1,316 | 1,686 |
| Total debt | 1,587 | 1,474 | 2,078 | 2,416 | 1,719 | 1,566 | 1,121 |
| Cash & bank | 612 | 213 | 54.08 | 270 | 223 | 242 | 161 |
| Net working capital | 5,106 | 2,947 | 2,255 | 1,766 | 1,059 | 522 | 712 |
| Cash flow | |||||||
| Cash from operations | (598) | 138 | (366) | (1,100) | (475) | (112) | 733 |
| Cash from investing | (850) | (406) | 487 | 231 | (73.67) | (48.67) | (346) |
| Cash from financing | 1,558 | 277 | (130) | 824 | 486 | 282 | (385) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 814 | 1,244 | 1,207 | 1,119 | 826 | 1,275 | 911 | 732 |
| Revenue growth (YoY) | -1.5% | -2.4% | +32.5% | +52.8% | +29.2% | - | - | - |
| Other income | 57.60 | 61.26 | 30.97 | 43.29 | 36.31 | 35.83 | 82.33 | 9.50 |
| EBITDA | 152 | 200 | 282 | 228 | 184 | 254 | 190 | 173 |
| EBITDA margin | +18.7% | +16.0% | +23.3% | +20.3% | +22.2% | +19.9% | +20.8% | +23.6% |
| Depreciation | 58.61 | 52.05 | 52.83 | 50.80 | 48.66 | 47.70 | 47.27 | 44.35 |
| Interest | 56.78 | 64.87 | 50.32 | 50.81 | 33.79 | 34.78 | 34.47 | 44.27 |
| Profit before tax | 94.70 | 144 | 209 | 169 | 138 | 208 | 190 | 93.79 |
| Tax | 30.61 | 38.23 | 82.79 | 48.78 | 40.21 | 17.30 | 80.39 | 3.59 |
| Net profit | 64.09 | 106 | 127 | 121 | 97.34 | 190 | 110 | 90.20 |
| EPS (₹) | 0.37 | 0.61 | 0.73 | 0.70 | 0.60 | 1.17 | 0.69 | 0.71 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,896 | 3,499 | 1,587 | 583 | 518 | 504 | 528 |
| Revenue growth | +11.4% | +120.5% | +172.0% | +12.6% | +2.8% | -4.5% | - |
| EBITDA | 727 | 583 | (102) | (327) | (290) | (213) | (219) |
| EBITDA margin | +18.7% | +16.7% | -6.5% | -56.0% | -55.9% | -42.2% | -41.5% |
| Profit before tax | 736 | 470 | (226) | (315) | (423) | (307) | (349) |
| Net profit | 342 | 395 | (10.13) | (312) | (274) | (195) | (228) |
| Net profit margin | +8.8% | +11.3% | -0.6% | -53.6% | -52.8% | -38.8% | -43.2% |
| EPS (₹) | 3.17 | 2.36 | (5.77) | (9.67) | (12.33) | (8.82) | (10.23) |
| Balance sheet | |||||||
| Total assets | 7,393 | 5,641 | 4,690 | 3,798 | 3,015 | 2,444 | 2,405 |
| Net worth | 6,334 | 4,519 | 3,211 | 2,322 | 2,234 | 1,589 | 1,784 |
| Total debt | 993 | 1,058 | 1,442 | 1,465 | 766 | 835 | 600 |
| Cash & bank | 94.03 | 144 | 38.83 | 145 | 94.74 | 113 | 143 |
| Net working capital | 4,701 | 2,796 | 1,987 | 1,307 | 741 | 1,116 | 1,156 |
| Cash flow | |||||||
| Cash from operations | (697) | 18.25 | (514) | (700) | (542) | (104) | 326 |
| Cash from investing | (300) | 780 | 599 | (240) | (66.57) | (33.34) | (81.88) |
| Cash from financing | 1,015 | (786) | (102) | 953 | 604 | 142 | (244) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 743 | 1,151 | 1,082 | 947 | 716 | 1,286 | 928 | 678 |
| Revenue growth (YoY) | +3.9% | -10.5% | +16.6% | +39.8% | +17.8% | - | - | - |
| Other income | 61.03 | 21.06 | 22.06 | 178 | 6.84 | 10.72 | 17.23 | 12.42 |
| Total expenses | 646 | 983 | 853 | 767 | 567 | 1,052 | 768 | 585 |
| EBITDA | 97.62 | 169 | 229 | 181 | 149 | 234 | 160 | 92.79 |
| EBITDA margin | +13.1% | +14.6% | +21.1% | +19.1% | +20.8% | +18.2% | +17.3% | +13.7% |
| Depreciation | 18.74 | 15.95 | 14.85 | 15.41 | 14.28 | 13.90 | 14.32 | 13.17 |
| Interest | 44.98 | 54.40 | 42.02 | 37.66 | 24.89 | 29.59 | 29.54 | 28.07 |
| Profit before tax | 94.93 | 119 | 194 | 306 | 116 | 201 | 134 | 63.97 |
| Tax | 23.42 | 31.75 | 67.62 | 59.35 | 29.60 | 11.50 | 75.18 | (0.20) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 814 | 1,244 | 1,207 | 1,119 | 826 | 1,275 | 911 | 732 |
| Revenue growth (YoY) | -1.5% | -2.4% | +32.5% | +52.8% | +29.2% | - | - | - |
| Other income | 57.60 | 61.26 | 30.97 | 43.29 | 36.31 | 35.83 | 82.33 | 9.50 |
| EBITDA | 152 | 200 | 282 | 228 | 184 | 254 | 190 | 173 |
| EBITDA margin | +18.7% | +16.0% | +23.3% | +20.3% | +22.2% | +19.9% | +20.8% | +23.6% |
| Depreciation | 58.61 | 52.05 | 52.83 | 50.80 | 48.66 | 47.70 | 47.27 | 44.35 |
| Interest | 56.78 | 64.87 | 50.32 | 50.81 | 33.79 | 34.78 | 34.47 | 44.27 |
| Profit before tax | 94.70 | 144 | 209 | 169 | 138 | 208 | 190 | 93.79 |
| Tax | 30.61 | 38.23 | 82.79 | 48.78 | 40.21 | 17.30 | 80.39 | 3.59 |
| Net profit | 64.09 | 106 | 127 | 121 | 97.34 | 190 | 110 | 90.20 |
| EPS (₹) | 0.37 | 0.61 | 0.73 | 0.70 | 0.60 | 1.17 | 0.69 | 0.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,398 | 3,557 | 1,746 | 737 | 625 | 711 | 760 |
| Revenue growth | +23.6% | +103.7% | +137.0% | +18.0% | -12.1% | -6.5% | - |
| Other income | 172 | 147 | 274 | 21.44 | 28.74 | 76.25 | 10.64 |
| Total expenses | 3,506 | 2,813 | 1,713 | 1,001 | 935 | 903 | 877 |
| Employee cost | 209 | 170 | 109 | 89.14 | 85.29 | 92.59 | 90.22 |
| EBITDA | 891 | 744 | 33.57 | (264) | (310) | (192) | (116) |
| EBITDA margin | +20.3% | +20.9% | +1.9% | -35.8% | -49.7% | -27.0% | -15.3% |
| Depreciation | 204 | 182 | 113 | 106 | 88.67 | 88.03 | 80.30 |
| Interest | 200 | 169 | 240 | 341 | 283 | 255 | 244 |
| Profit before tax | 659 | 539 | (44.83) | (689) | (653) | (459) | (430) |
| Tax | 210 | 102 | 3.32 | (18.50) | (170) | (152) | (150) |
| Net profit | 405 | 459 | (22.99) | (664) | (471) | (318) | (280) |
| Net profit margin | +9.2% | +12.9% | -1.3% | -90.1% | -75.4% | -44.7% | -36.9% |
| EPS (₹) | 2.34 | 2.76 | (0.91) | (20.46) | (21.64) | (13.77) | (12.60) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1,728 | 1,624 | 391 | 326 | 1,140 | 222 | 222 |
| Reserves & surplus | 4,654 | 2,636 | 2,417 | 1,410 | 688 | 1,094 | 1,464 |
| Shareholders' funds (net worth) | 6,382 | 4,413 | 2,808 | 1,736 | 1,828 | 1,316 | 1,686 |
| Minority interest | 1,310 | 1,004 | 494 | 525 | 40.66 | 0.16 | (0.07) |
| Secured loans | 1,489 | 750 | 647 | 1,230 | 1,124 | 1,115 | 836 |
| Unsecured loans | 97.62 | 723 | 1,431 | 1,186 | 595 | 451 | 285 |
| Total debt | 1,587 | 1,474 | 2,078 | 2,416 | 1,719 | 1,566 | 1,121 |
| Total liabilities | 9,457 | 6,991 | 5,650 | 4,761 | 3,859 | 2,937 | 2,835 |
| Assets | |||||||
| Gross block | 3,925 | 3,175 | 2,512 | 2,164 | 1,789 | 1,549 | 1,498 |
| Net block | 2,825 | 2,291 | 1,843 | 1,619 | 1,343 | 1,191 | 1,228 |
| Capital work in progress | 247 | 296 | 304 | 123 | 148 | 230 | 33.36 |
| Investments | 550 | 446 | 0.00 | 0.80 | 32.51 | 32.51 | 93.99 |
| Inventories | 1,790 | 1,212 | 1,245 | 1,130 | 1,004 | 917 | 994 |
| Sundry debtors | 4,250 | 2,549 | 1,137 | 827 | 1,073 | 1,048 | 1,322 |
| Cash & bank balances | 612 | 213 | 54.08 | 270 | 223 | 242 | 161 |
| Loans & advances | 960 | 587 | 924 | 859 | 865 | 842 | 691 |
| Total current assets | 7,612 | 4,560 | 3,360 | 3,087 | 3,164 | 3,050 | 3,168 |
| Total current liabilities | 2,506 | 1,612 | 1,105 | 1,321 | 2,105 | 2,528 | 2,456 |
| Net working capital | 5,106 | 2,947 | 2,255 | 1,766 | 1,059 | 522 | 712 |
| Total assets | 9,457 | 6,991 | 5,650 | 4,761 | 3,859 | 2,937 | 2,835 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.01 | 12.12 | 21.44 | 66.82 | 129 | 7.30 | 5.25 |
| Net cash from operating activities | (598) | 138 | (366) | (1,100) | (475) | (112) | 733 |
| Net cash from investing activities | (850) | (406) | 487 | 231 | (73.67) | (48.67) | (346) |
| Net cash from financing activities | 1,558 | 277 | (130) | 824 | 486 | 282 | (385) |
| Net change in cash | 110 | 8.89 | (9.32) | (45.38) | (62.38) | 122 | 2.05 |
| Closing cash | 612 | 213 | 54.08 | 270 | 223 | 242 | 161 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +23.6% | +103.7% | +137.0% | +18.0% | -12.1% | -6.5% | - |
| EBITDA growth | +19.9% | +2115.3% | +112.7% | +15.0% | -61.8% | -64.9% | - |
| PBT growth | +22.2% | +9998.0% | +93.5% | -5.5% | -42.2% | -6.8% | -592.0% |
| Net income growth | -11.8% | +2097.0% | +96.5% | -41.0% | -48.2% | -13.4% | - |
| Revenue CAGR (3Y) | +81.4% | +78.6% | +34.9% | -1.0% | -24.3% | +14.0% | -39.4% |
| EBITDA CAGR (3Y) | - | - | - | +31.4% | - | +32.4% | - |
| Profitability & leverage | |||||||
| Net income margin | +10.2% | +12.3% | -2.8% | -91.0% | -77.3% | -43.2% | -36.8% |
| Return on capital employed | +12.2% | +12.7% | +4.5% | 0.0% | -11.0% | -7.1% | -6.0% |
| Return on net worth | +8.3% | +12.1% | -1.6% | 0.0% | -43.4% | -20.5% | -15.3% |
| Debt / equity | 0.28 | 0.49 | 0.99 | 1.16 | 1.04 | 0.90 | 0.66 |
| Long-term debt / equity | 0.03 | 0.03 | 0.24 | 0.36 | 0.28 | 0.19 | 0.12 |
| Interest cover | 29.08 | 30.10 | -303.25 | -92.10 | -70.84 | -91.29 | -123.95 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.24 | 1.25 | 0.75 | 0.37 | 0.37 | 0.47 | 0.57 |
| Inventory turnover | 2.93 | 2.90 | 1.47 | 0.69 | 0.65 | 0.74 | 0.78 |
| Debtors turnover | 1.29 | 1.93 | 1.78 | 0.78 | 0.59 | 0.60 | 0.52 |
| EPS (₹) | 2.34 | 2.76 | (0.91) | (20.46) | (21.64) | (13.77) | (12.60) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 36.93 | 26.23 | 71.82 | 53.27 | 41.01 | 59.30 | 75.96 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 743 | 1,151 | 1,082 | 947 | 716 | 1,286 | 928 | 678 |
| Revenue growth (YoY) | +3.9% | -10.5% | +16.6% | +39.8% | +17.8% | - | - | - |
| Other income | 61.03 | 21.06 | 22.06 | 178 | 6.84 | 10.72 | 17.23 | 12.42 |
| Total expenses | 646 | 983 | 853 | 767 | 567 | 1,052 | 768 | 585 |
| EBITDA | 97.62 | 169 | 229 | 181 | 149 | 234 | 160 | 92.79 |
| EBITDA margin | +13.1% | +14.6% | +21.1% | +19.1% | +20.8% | +18.2% | +17.3% | +13.7% |
| Depreciation | 18.74 | 15.95 | 14.85 | 15.41 | 14.28 | 13.90 | 14.32 | 13.17 |
| Interest | 44.98 | 54.40 | 42.02 | 37.66 | 24.89 | 29.59 | 29.54 | 28.07 |
| Profit before tax | 94.93 | 119 | 194 | 306 | 116 | 201 | 134 | 63.97 |
| Tax | 23.42 | 31.75 | 67.62 | 59.35 | 29.60 | 11.50 | 75.18 | (0.20) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,896 | 3,499 | 1,587 | 583 | 518 | 504 | 528 |
| Revenue growth | +11.4% | +120.5% | +172.0% | +12.6% | +2.8% | -4.5% | - |
| Other income | 228 | 64.44 | 63.25 | 266 | 88.46 | 116 | 62.80 |
| Total expenses | 3,170 | 2,916 | 1,689 | 910 | 808 | 717 | 746 |
| Employee cost | 140 | 114 | 69.00 | 56.25 | 54.75 | 67.93 | 65.14 |
| EBITDA | 727 | 583 | (102) | (327) | (290) | (213) | (219) |
| EBITDA margin | +18.7% | +16.7% | -6.5% | -56.0% | -55.9% | -42.2% | -41.5% |
| Depreciation | 60.48 | 53.88 | 45.52 | 40.43 | 38.47 | 38.92 | 40.67 |
| Interest | 159 | 123 | 141 | 213 | 183 | 172 | 152 |
| Profit before tax | 736 | 470 | (226) | (315) | (423) | (307) | (349) |
| Tax | 188 | 86.32 | (0.29) | 0.00 | (149) | (111) | (122) |
| Net profit | 342 | 395 | (10.13) | (312) | (274) | (195) | (228) |
| Net profit margin | +8.8% | +11.3% | -0.6% | -53.6% | -52.8% | -38.8% | -43.2% |
| EPS (₹) | 3.17 | 2.36 | (5.77) | (9.67) | (12.33) | (8.82) | (10.23) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1,728 | 1,624 | 391 | 326 | 1,140 | 222 | 222 |
| Reserves & surplus | 4,605 | 2,895 | 2,820 | 1,996 | 1,094 | 1,367 | 1,562 |
| Shareholders' funds (net worth) | 6,334 | 4,519 | 3,211 | 2,322 | 2,234 | 1,589 | 1,784 |
| Secured loans | 887 | 413 | 420 | 604 | 466 | 644 | 483 |
| Unsecured loans | 105 | 646 | 1,022 | 861 | 299 | 191 | 117 |
| Total debt | 993 | 1,058 | 1,442 | 1,465 | 766 | 835 | 600 |
| Total liabilities | - | - | 4,690 | 3,798 | 3,015 | 2,444 | 2,405 |
| Assets | |||||||
| Gross block | 1,083 | 936 | 822 | 700 | 639 | 637 | 628 |
| Net block | 619 | 532 | 471 | 415 | 390 | 427 | 456 |
| Capital work in progress | 43.83 | 57.74 | 45.06 | 7.23 | 9.81 | 2.57 | 6.98 |
| Investments | 1,836 | 1,846 | 1,490 | 1,458 | 1,287 | 498 | 505 |
| Inventories | 1,471 | 886 | 829 | 694 | 571 | 562 | 635 |
| Sundry debtors | 3,879 | 2,525 | 1,047 | 738 | 869 | 1,183 | 1,365 |
| Cash & bank balances | 94.03 | 144 | 38.83 | 145 | 94.74 | 113 | 143 |
| Loans & advances | 1,223 | 399 | 691 | 653 | 658 | 1,024 | 742 |
| Total current assets | 6,668 | 3,954 | 2,605 | 2,229 | 2,192 | 2,882 | 2,884 |
| Total current liabilities | 1,967 | 1,158 | 618 | 922 | 1,451 | 1,766 | 1,728 |
| Net working capital | 4,701 | 2,796 | 1,987 | 1,307 | 741 | 1,116 | 1,156 |
| Total assets | 7,393 | 5,641 | 4,690 | 3,798 | 3,015 | 2,444 | 2,405 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.01 | 1.04 | 17.95 | 4.93 | 8.96 | 3.98 | 4.62 |
| Net cash from operating activities | (697) | 18.25 | (514) | (700) | (542) | (104) | 326 |
| Net cash from investing activities | (300) | 780 | 599 | (240) | (66.57) | (33.34) | (81.88) |
| Net cash from financing activities | 1,015 | (786) | (102) | 953 | 604 | 142 | (244) |
| Net change in cash | 17.81 | 11.97 | (16.92) | 13.02 | (4.03) | 4.98 | (0.63) |
| Closing cash | 94.03 | 144 | 38.83 | 145 | 94.74 | 113 | 143 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.4% | +120.5% | +172.0% | +12.6% | +2.8% | -4.5% | - |
| EBITDA growth | +24.7% | +668.8% | +68.7% | -12.7% | -36.4% | +2.8% | - |
| PBT growth | +56.4% | +9998.0% | +28.4% | +25.5% | -37.9% | +12.1% | - |
| Net income growth | -13.4% | +3999.6% | +96.8% | -14.2% | -40.0% | +14.2% | - |
| Revenue CAGR (3Y) | +88.3% | +89.0% | +46.6% | +3.4% | -27.2% | +33.4% | -43.1% |
| EBITDA CAGR (3Y) | - | - | -21.6% | +14.3% | - | +28.8% | - |
| Profitability & leverage | |||||||
| Net income margin | +14.1% | +11.0% | -14.2% | -54.0% | -52.8% | -38.9% | -43.0% |
| Return on capital employed | +11.2% | +11.5% | +3.1% | -3.0% | -8.8% | -5.6% | -7.6% |
| Return on net worth | +6.3% | +9.9% | -0.4% | -17.3% | -18.8% | -11.6% | -12.0% |
| Debt / equity | 0.19 | 0.32 | 0.53 | 0.49 | 0.42 | 0.43 | 0.35 |
| Long-term debt / equity | 0.01 | 0.02 | 0.05 | 0.20 | 0.25 | 0.06 | 0.02 |
| Interest cover | 23.86 | 23.24 | -95.36 | -58.11 | -55.77 | -68.22 | -58.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.86 | 3.98 | 2.09 | 0.87 | 0.81 | 0.80 | 0.86 |
| Inventory turnover | 3.31 | 4.08 | 2.08 | 0.92 | 0.91 | 0.84 | 0.91 |
| Debtors turnover | 1.22 | 1.96 | 1.78 | 0.73 | 0.51 | 0.40 | 0.36 |
| EPS (₹) | 3.17 | 2.36 | (5.77) | (9.67) | (12.33) | (8.82) | (10.23) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 36.65 | 27.83 | 82.11 | 71.22 | 59.28 | 71.59 | 80.41 |
Timeline of Inox Wind
4 dated milestones of Inox Wind across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Inox Wind is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $14.6M.
- Funding Latest funding round, Post-IPO, of $96.1M.
Competitors of Inox Wind
Inox Wind has 3 listed competitors in our database, 3 of them funded. They include Suzlon, ReGen Powertech and Pioneer Wincon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| suzlon.com | 1995 | Pune, India | $45.84M | 1,586 | Wind turbines are manufactured and installed worldwide. | |
| regenpowertech.com | 2006 | Chennai, India | $83.83M | 269 | Wind turbines and components are manufactured in Chennai, India. | |
| pioneerwincon.com | 1989 | Chennai, India | $656,231 | 322 | Wind turbines are designed, manufactured, sold, marketed, and maintained. |
Detailed competitors of Inox Wind
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Inox Wind
Websites that share an audience with Inox Wind (inoxwind.com).
Websites whose visitors overlap most with Inox Wind. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| avanti-online.com | 100% | 2.4K | #6,226,123 | View details | |
brano.gr | brano.gr | 59% | – | ||
| iwel.co.in | 38% | 4.3K | #4,447,155 | View details |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Inox Wind (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Related news about Inox Wind
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Frequently Asked Questions about Inox Wind
Inox Wind was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Inox Wind is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Inox Wind has 1,960 employees.
The primary company behind Inox Wind, Inox Wind Limited, reported revenue of ₹3,702 Cr for FY 2025, up 105% year on year.
Inox Wind Limited is established as a prominent player in the renewable energy sector, focusing on wind energy solutions in India. The company is engaged in the design, manufacturing, and installation of wind turbines tailored for low wind speed sites, delivering higher energy output. Services are provided to various clients including IPPs, Utilities, PSUs, Corporates, and Retail Investors. Operations are supported by state-of-the-art manufacturing units, ensuring cost-effective and sustainable solutions. The commitment to performance excellence and reliability is maintained across all offerings in the wind energy market.
Inox Wind's top competitors include Suzlon, ReGen Powertech and Pioneer Wincon.
Inox Wind offers Wind Turbines and Infrastructure Operations.
Yes, Inox Wind is publicly traded on NSE under the ticker symbol INOXWIND.
Inox Wind has 1 investor. Key investors include Aditya Birla Capital.
Inox Wind is associated with 6 legal entities: Inox Wind Limited, Igesl Solar O&M Services Private Limited, Flutter Wind Energy Private Limited and others.
The legal entities of Inox Wind currently have 17 directors, including Shailendra Tandon, Mukesh Rajnarayan Manglik, Mathusudhana Seethappa Karunakaran and others.
