| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 814 | 826 | −1.5% |
| EBITDA | 152 | 184 | −17.0% |
| EBITDA margin | 18.7% | 22.2% | −3.5 pts |
| Profit before tax | 94.7 | 138 | −31.2% |
| Net profit | 64.1 | 97.3 | −34.2% |
| EPS | ₹0.37 | ₹0.60 | −38.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 10,197 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 131 | 131 | 202 | 12.0 | 23.0 | ||
| 1,310 | 1,310 | 559 | 494 | 525 | ||
| 1,551 | 1,551 | 1,466 | 3,248 | 2,382 | ||
| 12,927 | — | — | — | — | ||
| 4,385 | 4,397 | 3,557 | 1,743 | 737 | ||
| — | +23.6% | +104.1% | +136.5% | — | ||
| 861 | 891 | 757 | 269 | −257 | ||
| 19.6% | 20.3% | 21.3% | 15.4% | −34.8% | ||
| 647 | 687 | 575 | 159 | −363 | ||
| 417 | 449 | 438 | −52.9 | −671 | ||
| 9.5% | 10.2% | 12.3% | −3.0% | −91.0% | ||
| ₹1.99 | ₹2.34 | ₹2.59 | −₹0.23 | −₹3.86 | ||
| — | −9.6% | +1,208.4% | +93.9% | — | ||
| — | −598 | 138 | −147 | −1,099 | ||
| — | −649 | −620 | −751 | −388 | ||
| −1,247 | −1,247 | −483 | −898 | −1,487 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 10,196.6 | |
| - Cash, Equiv & ST Investments | 23.0 | 12.0 | 201.8 | 130.8 | 130.8 | |
| + Minority Interest | 525.1 | 494.3 | 559.2 | 1,310.0 | 1,310.0 | |
| + Total Debt | 2,382.2 | 3,248.5 | 1,466.4 | 1,551.5 | 1,551.5 | |
| Enterprise Value | — | — | — | — | 12,927.3 | |
| Revenue | 737.0 | 1,743.2 | 3,557.2 | 4,397.1 | 4,385.0 | |
| Growth %, YoY | — | +136.5 | +104.1 | +23.6 | — | |
| EBITDA | -256.7 | 268.6 | 757.2 | 891.4 | 861.4 | |
| Margin % | -34.83 | 15.41 | 21.29 | 20.27 | 19.64 | |
| EBIT | -362.9 | 158.7 | 574.9 | 687.1 | 647.1 | |
| Net Income | -670.7 | -52.9 | 437.6 | 449.1 | 417.0 | |
| Margin % | -91.01 | -3.04 | 12.30 | 10.21 | 9.51 | |
| EPS, Adj (current shares) | -3.86 | -0.23 | 2.59 | 2.34 | 1.99 | |
| Growth %, YoY | — | +93.9 | +1,208.4 | -9.6 | — | |
| Cash from Operations | -1,099.3 | -147.3 | 138.0 | -598.1 | — | |
| Capital Expenditures | -387.9 | -750.6 | -620.5 | -649.3 | — | |
| Free Cash Flow | -1,487.2 | -897.9 | -482.5 | -1,247.4 | -1,247.4 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Inox Wind (NSE: INOXWIND) had a market capitalisation of ₹10,228 crore at the 29 October 2026 close (₹59.18 a share), a PE ratio of 29.7 on the last four quarters' profit and a price-to-book ratio of 1.60. In FY26 its consolidated net profit attributable to shareholders was ₹405 crore on revenue of ₹4,397 crore; in Q1 FY27 (April–June 2026) it was ₹44 crore, down 58.4% year on year. Its debt-to-equity ratio was 0.20 on 31 March 2026. Promoters held 44.18% of the shares on 30 September 2026.
Inox Wind's PE ratio is 29.7 at the 29 October 2026 close (₹59.18 a share): a market capitalisation of ₹10,228 crore divided by consolidated net profit attributable to shareholders of ₹344 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹405 crore) it is 25.3.
Inox Wind's price-to-book (PB) ratio is 1.60 at the 29 October 2026 close: a market capitalisation of ₹10,228 crore divided by shareholders' equity (book value) of ₹6,382 crore on 31 March 2026. That is a book value of ₹36.93 per share against a share price of ₹59.18.
Inox Wind's net worth — shareholders' equity in its consolidated balance sheet — was ₹6,382 crore on 31 March 2026, up 26.5% from ₹5,047 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹10,228 crore at the 29 October 2026 close.
Inox Wind's market capitalisation was ₹10,228 crore at the 29 October 2026 close: 172.82 crore shares at ₹59.18 each.
No. Inox Wind had borrowings of ₹1,551 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.20. Its cash and current investments were ₹612 crore, so its net debt was ₹940 crore.
Inox Wind's basic earnings per share (EPS) were ₹2.65 in FY26, against ₹2.77 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹2.41.
Inox Wind's debt-to-equity ratio was 0.20 on 31 March 2026: borrowings of ₹1,551 crore against total equity of ₹7,692 crore. A year earlier, on 31 March 2025, it was 0.26.
Inox Wind's book value per share was ₹36.93 on 31 March 2026: shareholders' equity of ₹6,382 crore divided by the 172.82 crore shares in issue, up 18.8% from ₹31.07 a year earlier. The share price at the 29 October 2026 close was ₹59.18.
Promoters held 44.18% of Inox Wind on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Inox Wind's return on equity (ROE) was 7.1% and its return on capital employed (ROCE) was 9.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.3% and ROCE 13.6%.
On 30 September 2026, Inox Wind's shares were held by promoters 44.18%, foreign portfolio investors (FII/FPI) 12.17%, domestic institutions (DII) 9.80% (including mutual funds at 9.06%) and retail and other non-institutional investors 33.85%. Over the year, FII holding was down 1.20 percentage points from 13.37% and DII holding was down 0.06 percentage points from 9.86%.
Inox Wind's latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit attributable to shareholders ₹44 crore, down 58.4% from ₹106 crore in Q1 FY26; revenue from operations ₹814 crore, down 1.5% year on year.
In FY26, Inox Wind generated ₹598 crore of cash from operations and spent ₹649 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹1,247 crore. In FY25 it was −₹483 crore.
In FY26 (April 2025–March 2026), Inox Wind's consolidated net profit attributable to shareholders was ₹405 crore, down 9.6% from ₹448 crore in FY25, on revenue from operations of ₹4,397 crore (up 23.6%).
Inox Wind has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Suzlon Energy, Inox Green Energy Services and Welspun Corp: Inox Wind's operating margin of 15.6% is the second highest of the four (Suzlon Energy 16.2%, Inox Green Energy Services 7.6%, Welspun Corp 11.2%; peer average 11.7%); its return on equity of 7.1% is the third highest of the four (Suzlon Energy 40.6%, Inox Green Energy Services 5.6%, Welspun Corp 19.4%; peer average 21.9%); its revenue growth over three years of 81.4% a year is the highest of the four (Suzlon Energy 41.0% a year, Inox Green Energy Services 3.4% a year, Welspun Corp 19.8% a year; peer average 21.4% a year).
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Inox Wind's PE ratio is 25.3, the third highest of the four: Suzlon Energy 16.0, Inox Green Energy Services 41.9 and Welspun Corp 40.9, a peer average of 32.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Inox Wind earned net profit attributable to shareholders of ₹405 crore on revenue of ₹4,397 crore, against ₹3,163 crore on ₹16,732 crore for Suzlon Energy. Inox Wind's operating margin was 15.6% (Suzlon Energy 16.2%) and its return on equity 7.1% (Suzlon Energy 40.6%). At the 29 October 2026 close, Inox Wind's market capitalisation was ₹10,228 crore against ₹50,610 crore for Suzlon Energy, and its PE ratio on FY26 profit 25.3 against 16.0.
From Inox Wind's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.