Stock Price Movement and Market Context
On 24 Feb 2026, Inox Wind Ltd’s stock touched an intraday low of Rs.94.15, down 2.18% from the previous close. This decline outpaced the sector’s underperformance of 0.67% on the same day. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. Over the past year, the stock has depreciated by 43.88%, a stark contrast to the Sensex’s 10.46% gain during the same period.
The broader market also faced headwinds, with the Sensex falling sharply by 807.68 points (-1.26%) to close at 82,244.86, after opening 242.12 points lower. Despite this, the Sensex remains within 4.76% of its 52-week high of 86,159.02. The index is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating mixed technical signals.
Financial Performance and Valuation Metrics
Inox Wind Ltd’s financial metrics highlight some of the factors contributing to the stock’s subdued performance. The company’s Debt to EBITDA ratio stands at 3.12 times, indicating a relatively high leverage level that may constrain financial flexibility. Return on Equity (ROE) averaged 2.29%, reflecting modest profitability relative to shareholders’ funds. The company’s Price to Book Value ratio is 2.6, which is considered expensive compared to its peers, despite the stock trading at a discount to historical valuations.
Interestingly, while the stock price has declined sharply, the company’s profits have risen by 128.5% over the past year, resulting in a PEG ratio of 0.5. This divergence between earnings growth and share price performance suggests that market sentiment has not fully aligned with the company’s improving profitability metrics.
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Operational and Growth Indicators
Despite the stock’s recent decline, Inox Wind Ltd has demonstrated healthy long-term growth trends. Net sales have increased at an annual rate of 46.29%, while operating profit has grown by 33.21%. The company has reported positive results for 12 consecutive quarters, underscoring consistent earnings generation.
In the latest six-month period, Profit After Tax (PAT) stood at Rs.209.14 crores, reflecting a growth rate of 38.95%. Return on Capital Employed (ROCE) for the half-year reached a high of 11.18%, and the inventory turnover ratio was recorded at 2.84 times, indicating efficient inventory management.
Shareholding and Institutional Interest
Institutional investors hold a significant stake in Inox Wind Ltd, accounting for 24.53% of the share capital. Their holdings increased by 1.29% over the previous quarter, suggesting continued confidence from entities with extensive analytical resources. This level of institutional ownership often provides a stabilising influence on stock price movements.
Comparative Market Performance
Inox Wind Ltd’s underperformance is further highlighted when compared to the broader market indices. While the BSE500 index has delivered returns of 13.18% over the last year, Inox Wind’s stock has declined by 43.88%. This divergence emphasises the challenges faced by the company relative to the overall market environment.
The stock’s 52-week high was Rs.201, more than double the current price, illustrating the extent of the recent correction. The decline to Rs.94.15 represents a significant retracement from peak levels, reflecting both company-specific and sector-wide pressures.
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Summary of Key Metrics
As of 24 Feb 2026, Inox Wind Ltd’s Mojo Score stands at 37.0 with a Mojo Grade of Sell, downgraded from Hold on 09 Oct 2025. The company’s market capitalisation grade is rated 3, reflecting moderate size and liquidity considerations. The stock’s day change was -2.13%, consistent with the recent downward trend.
The company operates within the Heavy Electrical Equipment industry and sector, which has experienced mixed performance amid broader market volatility. The stock’s valuation and financial ratios indicate areas of concern, particularly regarding leverage and profitability metrics, which have influenced the recent price decline.
Conclusion
Inox Wind Ltd’s stock reaching a 52-week low of Rs.94.15 highlights the challenges faced by the company in a competitive and capital-intensive sector. While the company has demonstrated solid growth in sales and profits, its elevated debt levels and modest returns on equity have weighed on investor sentiment. The stock’s performance relative to the broader market and sector indices underscores the pressures impacting its valuation and price trajectory.
Investors and market participants will continue to monitor the company’s financial metrics and market conditions as the stock navigates this low price territory.
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