🧵 At a Glance
Inox Wind has gone from bleeding money and bleeding credibility… to posting its first real turnaround in years. After merging with its parent Inox Wind Energy Ltd and cleaning up over ₹2,000 Cr of debt, this wind turbine maker is suddenly one of the mostelectrifyingsmallcap stories in the renewables space. But is the storm really over — or is this just another gust?
🌀 Chapter 1: What Exactly Does Inox Wind Do?
- A fully integratedwind energy solutions company.
- Makes everything:turbines (2MW/3MW), nacelles, hubs, towers, blades.
- Also doeswind resource mapping, project execution, and O&M services— i.e., “You dream it, we install it and fix it.”
- Now working oncommercial launch of 4.X MW turbine platform.
🧰 It’s one of the rare “turnkey” players in India’s wind ecosystem, making it
a backend + frontend combo of the Suzlon/Solar model.
💰 Chapter 2: Financials — From Trash to Turnaround
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 3,557 | 1,743 | 733 | 625 |
| Net Profit (₹ Cr) | 438 | -53 | -712 | -483 |
| EPS (₹) | 3.44 | -0.31 | -5.43 | -5.41 |
| OPM (%) | 21% | 15% | -26% | -48% |
| ROE (%) | 13.2% | -0.3% | -7% | -11% |
📈 5-Year CAGR:
- Sales:36%
- Profit:29%
- TTM Profit Growth:1500%+🚀
📌This is what a U-turn on the balance sheet looks like.
🧹 Chapter 3: The Clean-up Act
🧾Merger with Inox Wind Energy Ltd (IWEL)– completed June 2025📉Liability reduced by ~₹2,050 Cr💸Equity base expanded to ₹1,624 Cr🛠️Book value up to ₹38.7, and gearing massively lowered
🧼 This wasn’t just a P&L
