Inox Wind Ltd Stock Falls to 52-Week Low of Rs.104.2 Amidst Market Downturn

Stock Price Movement and Market Context

On the trading day, Inox Wind Ltd’s shares fell by 3.29%, touching an intraday low of Rs.104.2, the lowest level in the past 52 weeks. This decline extended a losing streak, with the stock falling for five consecutive sessions and registering a cumulative loss of 9.47% over this period. The stock’s performance lagged the Heavy Electrical Equipment sector by 1.89% on the day.

Inox Wind is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. This technical positioning underscores the stock’s recent weakness relative to its historical price trends.

The broader market environment has also been challenging. The Sensex opened 385.82 points lower and was trading at 81,615.02, down 0.69% on the day. The index has experienced a three-week consecutive decline, losing 4.84% in this period. While the Sensex trades below its 50-day moving average, the 50DMA remains above the 200DMA, indicating mixed medium-term market signals.

Financial Performance and Valuation Metrics

Over the last year, Inox Wind Ltd’s stock price has declined by 36.69%, significantly underperforming the Sensex, which posted a positive return of 7.63% during the same period. Despite this price decline, the company’s profits have shown substantial growth, with a 423% increase in net profits. This disparity between earnings growth and share price performance is reflected in the company’s PEG ratio of 0.1, suggesting that the stock is trading at a discount relative to its earnings growth.

However, valuation concerns remain. The company’s Price to Book Value stands at 2.9, which is considered very expensive given its Return on Equity (ROE) average of 2.29%. This low ROE indicates limited profitability generated per unit of shareholders’ funds. Additionally, the company’s Debt to EBITDA ratio is 3.12 times, highlighting a relatively high leverage level that may constrain financial flexibility.

Operational and Profitability Trends

Despite the stock’s price decline, Inox Wind Ltd has demonstrated healthy long-term growth in its core operations. Net sales have increased at an annual rate of 45.68%, while operating profit has grown at 32.48% annually. The company reported a 53.26% increase in operating profit in its September 2025 quarter, marking the eleventh consecutive quarter of positive results.

Operating cash flow for the year reached a high of Rs.137.96 crores, and the company’s profit after tax (PAT) for the quarter stood at Rs.91.75 crores, reflecting a 257.0% growth. Return on Capital Employed (ROCE) for the half-year was recorded at 11.18%, the highest in recent periods, indicating improved efficiency in capital utilisation.

Institutional Holdings and Market Perception

Institutional investors hold a significant stake in Inox Wind Ltd, accounting for 23.24% of the shareholding. These investors typically possess greater resources and analytical capabilities to assess company fundamentals, which may influence the stock’s valuation and trading dynamics.

Despite these positive operational indicators, the stock’s Mojo Score stands at 41.0 with a Mojo Grade of Sell, downgraded from Hold on 9 Oct 2025. The Market Cap Grade is rated 3, reflecting moderate market capitalisation relative to peers. These ratings highlight ongoing concerns about the company’s financial health and valuation in the current market environment.

Comparative Performance and Sector Positioning

Inox Wind Ltd operates within the Heavy Electrical Equipment industry and sector, where it has faced headwinds relative to peers. The stock’s 52-week high was Rs.201, indicating a near 48% decline to the current 52-week low price. This sharp drop contrasts with the broader BSE500 index, which has generated a 5.77% return over the past year, further emphasising the stock’s underperformance.

The company’s valuation is discounted compared to its peers’ average historical valuations, which may reflect market caution given its leverage and profitability metrics. The juxtaposition of strong profit growth with subdued share price performance suggests that investors remain cautious about the company’s ability to sustain earnings growth amid financial constraints.

Summary of Key Financial Indicators

To summarise, Inox Wind Ltd’s key financial metrics as of the latest reporting period include:

• Debt to EBITDA ratio: 3.12 times


• Average Return on Equity (ROE): 2.29%


• Price to Book Value: 2.9


• PEG ratio: 0.1


• Annual Net Sales growth rate: 45.68%


• Annual Operating Profit growth rate: 32.48%


• Operating Cash Flow (yearly): Rs.137.96 crores


• Profit After Tax (quarterly): Rs.91.75 crores (257.0% growth)


• Return on Capital Employed (half-year): 11.18%


• Institutional Holdings: 23.24%

These figures illustrate a complex picture of robust operational growth tempered by financial leverage and valuation concerns, which have contributed to the stock’s recent price decline to its 52-week low.

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