India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#218- Valuation
- ₹27,220 Cr
2023 #483
Inox Wind Limited - machinery and equipment in Una, Himachal Pradesh, India. FY 2026 financials & compliance.
Active Listed - NSE: INOXWIND · BSE: 539083 Public Limited Company machinery and equipment Nifty 500
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
ROE
8.3%
ROCE 12.2%
Debt / Equity
0.28
Interest cover 29.1x
About Inox Wind Limited
Data last updated:
Inox Wind Limited is a public limited company based in Una, Himachal Pradesh, India, a subsidiary of Inox Leasing And Finance Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 09 April 2009 and has been in existence for over 17 years.
Inox Wind is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN L31901HP2009PLC031083. Its GSTIN is 02AACCI0597B2Z3 (Himachal Pradesh). The company holds 12 GST registrations, of which 10 are active. Its shares are listed on BSE: 539083 and NSE: INOXWIND.
The company has an authorised share capital of ₹5,110.11 Cr and a paid-up capital of ₹1,728.24 Cr. It is led by directors including Manoj Dixit (Whole-Time Director) and Devansh Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 1 Khasra Nos. 264 To 267 Industrial Area, Village Basal, Himachal Pradesh, India – 174303.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,397.52 Cr, a growth of 23.6% compared to the previous year. For the same year it recorded a net profit of ₹405.05 Cr (net margin 9.2%) and EBITDA of ₹891.42 Cr (EBITDA margin 20.3%). The net worth stands at ₹6,382.49 Cr (up 44.6% YoY). Total assets are valued at ₹9,456.88 Cr (up 35.3% YoY).
The company has about 868 employees on its provident fund (EPFO) records. Its group structure includes 25 subsidiaries.
The company is associated with 1 brand: Inox Wind. As per MCA filings, the company has open charges of ₹4,241.74 Cr and satisfied charges of ₹6,230.32 Cr on record. Court records list 677 cases involving the company, including 100 filed by the company and 577 filed against it; 41 cases are pending. The company has 31 deals on record (24 market trades, 4 funding rounds, 1 ipo), with disclosed funding of ₹2,083.85 Cr; the latest was in March 2025. Its 4 peer companies in the Machinery and Equipment industry (EPC, BoP and BTG, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 2 smaller; the largest is Paharpur Cooling Towers Ltd with revenue of ₹4,001.26 Cr. The company has 48 MSME Form 1 returns on record between 2016 and 2024, listing 297 overdue payments to 14 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inoxwind.com.
Company details
CIN L31901HP2009PLC031083
Registration Number 031083
Incorporation Date 09 April 2009
ROC Himachal Pradesh
Listing Status Listed (BSE: 539083, NSE: INOXWIND)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Inox Leasing And Finance Limited
Compliance Status Active Compliant
CIN history
Inox Wind has one previous CIN (Corporate Identification Number): U31901HP2009PLC031083. The current CIN is L31901HP2009PLC031083, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31901HP2009PLC031083 | Current |
| U31901HP2009PLC031083 | Previous |
Recognitions & Rankings of Inox Wind
Stock market indices
Nifty 500 BSE 500
Contact details
Inox Wind Limited's registered office is in Village Basal, Himachal Pradesh. Its website is inoxwind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 1 Khasra Nos. 264 To 267 Industrial Area, Village Basal, Himachal Pradesh, India – 174303
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Inox Wind Limited, buy the company report.
Comprehensive company report
Inox Wind Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Inox Wind operates one associated brand: Inox Wind. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wind turbine components are designed and manufactured by Inoxwind. | inoxwind.com |
Business activity
The main business activity of Inox Wind is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Inox Wind Limited, buy the company report.
Financials of Inox Wind Limited
FY 2025-26 filings availableInox Wind Limited reported revenue of ₹4,397.52 Cr (up 23.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹4,398 Cr
+23.6% YoY
EBITDA
₹891 Cr
+19.9% YoY
Profit After Tax
₹405 Cr
-11.8% YoY
Net Worth
₹6,382 Cr
+44.6% YoY
Total Assets
₹9,457 Cr
+35.3% YoY
Total Debt
₹1,587 Cr
+7.7% YoY
Revenue 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
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| 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 |
To see the full year-wise statements and ratios of Inox Wind Limited, buy the company report.
Board of directors of Inox Wind Limited
Inox Wind has 6 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Dixit Also directs: Inox Green Energy Services Limited, Inox Neo Energies Limited, Dangri Wind Energy Private Limited and 5 more | Whole-Time Director | 03 Dec 2022 | 3 Years 10 Months | Current |
| Devansh Jain Also directs: Aryavardhan Trading LLP, Devansh Trademart LLP, Devansh Gases Private Limited and 5 more | Whole-Time Director | 25 Apr 2009 | 17 Years 5 Months | Current |
| Mukesh Manglik Also directs: Inox Green Energy Services Limited, Inox Renewable Solutions Limited, RBRK Investments Limited and 5 more | Director | 29 Aug 2020 | 6 Years 1 Months | Current |
| Madhurima Sayan Das | Director | 05 Sep 2025 | 1 Years 1 Months | Current |
| Sanjeev Jain | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Brij Mohan Bansal | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Inox Wind Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (EPC, BoP and BTG, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Inox Wind Limitedthis company | ₹4,397.52 Cr (FY 2026) | ₹405.05 Cr | 9.2% | 23.6% | 868 | Una, Himachal Pradesh, India |
| Paharpur Cooling Towers Ltd | ₹4,001.26 Cr (FY 2024) | 19.0% | Kolkata, West Bengal, India | |||
| Flender Drives Private Limited | ₹3,764.98 Cr (FY 2025) | 107.0% | Chennai, Tamil Nadu, India | |||
| Vikram Solar Limited | ₹3,459.53 Cr (FY 2025) | 37.0% | Kolkata, West Bengal, India | |||
| Goldi Solar Private Limited | ₹3,450.29 Cr (FY 2025) | 96.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Inox Wind Limited, buy the company report.
Auditor
Inox Wind Limited is audited by Dewan P.N. Chopra & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dewan P.N. Chopra & Co. | FY 2023 | 000472N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 44.20%, foreign institutional investors hold 14.50%, domestic institutional investors hold 10.10% and retail and other public shareholders hold 31.30%.
Sep 2026
QUARTER
44.20% Promoters
10.10% DII (Domestic Institutional)
14.50% FII (Foreign Institutional)
31.30% Retail & Others
Promoter holding - history
Now 44.20% · Sep 2026High 44.20% · Dec 2025Low 44.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 44.20% | 44.20% | 44.20% | 44.20% |
| Public | 55.80% | 55.80% | 55.80% | 55.80% |
Charges & borrowings
Open charges
₹4,241.74 Cr
Satisfied charges
₹6,230.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2026 | 101368081 | Others | ₹40 Cr | Open | |
| 22 Dec 2025 | 101233052 | Others | ₹140 Cr | Open | |
| 29 Sep 2025 | 101203108 | Others | ₹2.87 Cr | Open | |
| 04 Sep 2025 | 101163359 | Others | ₹2.73 Cr | Open | |
| 19 Sep 2024 | 100974965 | Sbicap Trustee Company Limited | ₹4,000 Cr | Open |
To see the full charge records of Inox Wind Limited, buy the company report.
Total charge records: 63 View all charges
Deals & funding
Inox Wind Limited has 31 deals on record (24 market trades, 4 funding rounds, 1 ipo), with disclosed funding of ₹2,083.85 Cr; the latest was in March 2025.
Total deals
31
Market trades
24
Funding rounds
4
IPO
1
Convertible or debt financing
1
Disclosed funding
₹2,083.85 Cr
Deals on record (5 of 31)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Market trade | ₹131.9 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2024 | Market trade | ₹30.4 Cr | Buyer: Ebro Trading Private Limited , an individual Seller: Somany Impresa Limited |
| Aug 2024 | Market trade | ₹165.7 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jul 2024 | Market trade | ₹114.07 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| May 2024 | Market trade | ₹127.89 Cr | Buyer: Mansi Share and Stock Broking Private Limited , Irage Broking Services LLP Seller: Inox Wind Energy Limited , Irage Broking Services LLP , Mansi Share and Stock Broking Private Limited |
To see the full deal history of Inox Wind Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Inox Wind Limited has 677 court cases on record: 100 filed by Inox Wind, 577 filed against it. 41 cases are pending and 636 are disposed.
Total cases
677
Filed by the company
100
Filed against the company
577
Pending
41
Disposed
636
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 473 | 430 | 23 |
| High courts | 132 | 83 | 14 |
| NCLT | 52 | 49 | 1 |
| NCLAT | 13 | 13 | 0 |
| Supreme Court | 7 | 2 | 3 |
Cases on record (5 of 677)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Jasdan Energy Private Limited & Anr. | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Cu Built Engineers Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by M/S Cast and Blower Company (Gujarat) Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Nu Power Technologies Pvt. Ltd. | Pending |
| District court, Nashik, Maharashtra | Commercial matter | Filed by the company against Electro Crimp Contacts India Pvt Ltd | Pending |
To see the full case history of Inox Wind Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Inox Wind Limited was last rated by Acuite on 20 Aug 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 20 Aug 2026 |
To see the full credit ratings and regulatory alerts of Inox Wind Limited, buy the company report.
MSME payment delays
Inox Wind Limited has 48 MSME Form 1 returns on record between 2016 and 2024, listing 297 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Dewan PN Chopra & Co | |||
| an individual supplier | |||
| Cranedge India Private Limited | |||
| Thomas Assessments Private Limited |
To see the full MSME payment records of Inox Wind Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Inox Wind has 25 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
25
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Inox Green Energy Services Limited | L45207GJ2012PLC070279 | |
| Marut-Shakti Energy India Limited | U04010GJ2000PLC083233 | |
| Satviki Energy Private Limited | U40100AP2013PTC089795 | |
| Vasuprada Renewables Private Limited | U40100GJ2017PTC097130 | |
| RBRK Investments Limited | U40100TG2005PLC047851 | |
| I-Fox Windtechnik India Private Limited | U40100TZ2019PTC031539 |
To see the full group structure of Inox Wind Limited, buy the company report.
Employees & EPFO
Inox Wind Limited has a workforce of 868 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
868
Active EPFO establishments
1
Employee growth
-0.12%
GST
Inox Wind has 12 GST registrations: 10 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
12
Active
10
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AACCI0597B2Z3 | Himachal Pradesh | Active | 01 Jul 2017 |
| 08AACCI0597B1ZS | Rajasthan | Active | 01 Jul 2017 |
| 09AACCI0597B1ZQ | Uttar Pradesh | Active | 01 Jul 2017 |
| 23AACCI0597B1Z0 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Inox Wind Limited, buy the company report.
Recent activity
Inox Wind Limited has 48 board changes on record since 2009: 28 appointments and 20 cessations. The latest: Madhurima Sayan Das was appointed as Director on 05 Sep 2025.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 101368081 was registered on 29 Jul 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 4,000.00 Cr registered on 19 Sep 2024 with Charge ID 100974965 was modified on 02 Jul 2026.
Charges
A charge with Others amounted to Rs. 140.00 Cr with Charge ID 101233052 was registered on 22 Dec 2025.
Charges
A charge with Others amounted to Rs. 2.87 Cr with Charge ID 101203108 was registered on 29 Sep 2025.
AGM
Inox Wind Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Madhurima Sayan Das was appointed as Director.
Charges
A charge with Others amounted to Rs. 2.73 Cr with Charge ID 101163359 was registered on 04 Sep 2025.
Appointed
Sanjeev Agarwal was appointed as CEO.
Ceased
Urvashi Saxena ceased to be Director.
Charges
A charge registered on 20 Mar 2021 via Charge ID 100802254 with Others was fully satisfied on 22 Apr 2025.
Appointed
Urvashi Saxena was appointed as Director.
Filing
Inox Wind Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Himachal Pradesh.
183 earlier events are in the company report.
News
Inox Wind: Plans Meetings With Analysts And Investors On September 21 And 28
Frequently asked questions
Inox Wind is an active public limited company based in Una, Himachal Pradesh, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 09 April 2009 (17+ years old) and is registered under CIN L31901HP2009PLC031083. Listed on BSE: 539083 and NSE: INOXWIND.
Inox Wind reported revenue of ₹4,397.52 Cr for FY 2025-26 (up 23.6% YoY) based on consolidated financials.
Inox Wind has 6 current directors:
- Manoj Dixit - Whole-Time Director
- Devansh Jain - Whole-Time Director
- Mukesh Manglik - Director
- Madhurima Sayan Das - Director
- Sanjeev Jain - Director
- Brij Mohan Bansal - Director
The latest financial statements of Inox Wind on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Inox Wind is 02AACCI0597B2Z3, registered in Himachal Pradesh. The company has 12 GST registrations in all, of which 10 are active and 2 are cancelled or inactive. Other active GSTINs include 08AACCI0597B1ZS (Rajasthan), 09AACCI0597B1ZQ (Uttar Pradesh), 23AACCI0597B1Z0 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Inox Wind is L31901HP2009PLC031083. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Inox Wind is listed on both BSE (code: 539083) and NSE (symbol: INOXWIND).
Inox Wind has 677 court cases on record: 100 filed by the company and 577 filed against it. 41 are pending. Most are in the district courts.
Inox Wind was incorporated on 09 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Inox Wind has 31 deals on record (24 market trades, 4 funding rounds, 1 ipo), with disclosed funding of ₹2,083.85 Cr; the latest was in March 2025.
The peers of Inox Wind by revenue are Paharpur Cooling Towers Ltd, Flender Drives Private Limited, Vikram Solar Limited, Goldi Solar Private Limited, all in the Machinery and Equipment industry (EPC, BoP and BTG, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Madhurima Sayan Das was appointed as Director on 05 Sep 2025. Sanjeev Agarwal was appointed as CEO on 15 Jul 2025. Urvashi Saxena ceased to be Director on 01 Jul 2025. Inox Wind has 48 board changes on record in total.