Renewable Energy - Wind Power Manufacturing & Services
Strategic Profile
Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions. With its 3 MW wind turbine technology, the company has a production capacity of around 2.5 GW annually. The company is expanding aggressively through strategic acquisitions and securing large orders in the commercial and industrial renewable energy segment.
Cyborg Score Rationale
Inox Wind has experienced significant valuation decline with market cap down -37.8% in 1 year and a low return on equity of -2.78% over last 3 years. However, the company maintains a strong market position with recurring orders and the backing of a $12 billion parent group, though working capital management and receivables collection remain challenging.
Top Insights
INOXGFL recently announced the acquisition of Wind World's 600 MW IPP and 4.5 GW O&M businesses via NCLT-approved process, significantly expanding installed capacity and recurring revenue.
Company has high debtors of 276 days, indicating significant working capital challenges and receivables management issues.
Inox Wind secured a 153 MW order from a major renewable energy developer in Tamil Nadu, marking first-ever order of this scale from a large global clean energy company.
NCLT approved merger of Inox Wind Energy into Inox Wind Limited in June 2025, reducing liabilities by ₹2,050 cr and streamlining operations.
Named Competitors
Wind Turbine Manufacturing & EPC Services — Wind turbine manufacturer with EPC and O&M capabilities
Wind Turbine Manufacturing & Services — Global wind energy equipment and services provider