Inox Wind share price today

Inox Wind Ltd's share price was ₹63.50 at the close on 4 November 2026. It has been falling for 65 weeks. That is 28.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹55 and ₹149, and at that close it sat 9% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Inox Wind Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running.

Over the last 11 years the share price moved −3% while the NIFTY 500 moved +243%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: operating margin down 3 points on a year earlier.

1. Operating margin down 3 points on a year earlier

   19% in the June 2026 quarter, from 22%.

For April to June 2026 (the quarter ended 30 June 2026), Inox Wind reported revenue of ₹814 crore, down 1.5% from ₹826 crore a year earlier, and a profit of ₹64.0 crore, down 34.0% from ₹97.0 crore.

Inox Wind results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Inox Wind's management discussed these results on a call held on 29 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Inox Wind closed at ₹63.50 on 4 November 2026, down 57.5% from ₹149.45 a year earlier (7 November 2025) and up 92.7% over five years. Its highest weekly close since April 2016 was ₹250.72 on 20 September 2024.

Inox Wind share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

559 weekly closes from 1 April 2016 to 4 November 2026.

4 Nov 2026: Inox Wind closed at ₹63.50, up 15.0% on the week and down 7.6% on the month. 29 Sep 2026: Inox Wind held its results call for April to June 2026. Management guided: FY27 consolidated revenue growth of 75% to approximately ₹7,800 crore; Q2 expected stronger on a year earlier and turnaround from Q3.

Earlier

• Results for April to June 2026: Revenue down 1.5% and profit down 34.0% on a year earlier.
• 24 May 2024: Bonus issue: 3 new shares for every 1 held (ex-date).

Inox Wind has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Inox Wind Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 September 2026, Inox Wind's management guided: FY27 consolidated revenue growth of 75% to approximately ₹7,800 crore; Q2 expected stronger on a year earlier and turnaround from Q3.

“The objective now is to become 75% equipment sales in the medium term.”Shweta Sultania, Head IR, on the call for April to June 2026

What management guided

• FY27 consolidated operating margin of 20%-22%, with upward bias.
• India wind installations expected at 7-10 GW annually over the medium term; Inox equipment deliveries planned at 1-1.1 GW in FY27, 1.2-1.5 GW in FY28 and approximately 2 GW in FY29.
• Equipment supply planned at 75% of mix in the medium term; turnkey retained for group, PSU and select relationship work.
• 4.5 MW turbine RLMM certification expected within next couple of months and production in January-February; current nameplate capacity sufficient for next 2 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 September 2026.

When Inox Wind reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 print to test the promised year-on-year strengthening and easing of the execution burden.

Inox Wind is on 3 of our India lists: 52 week high & low, Penny stocks and Power & green energy stocks.

Inox Wind Ltd earned ₹64.0 Cr of net profit in the Jun 2026 quarter, −34.0% on the same quarter a year earlier. Full-year FY26 profit was ₹449 Cr. Over 10 years profit has grown −0.3% a year on average. That is 7.9% of the quarter's revenue. The same quarter a year earlier earned ₹97.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹449 Cr (+2.5% on the year before).

Why profit moved: revenue changed −1.5% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −4.7% and revenue +20.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

Inox Wind Ltd reported ₹814 Cr of revenue in the Jun 2026 quarter, −1.5% on the same quarter a year earlier. Over 10 years it has grown −0.1% a year on average. The last full year, FY26, came in at ₹4,397 Cr. The last four reported quarters add to ₹4,384 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹4,397 Cr, +23.6% on the year before.

Recent pace: the last four quarters grew +20.3% on average, against −0.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +17.1%, against +46.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −13.1%, against +189.1% a year (rolling over).

Inox Wind Ltd's operating margin was 19.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −48.0% and 21.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.5 percentage points on the year while gross margin changed +9.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years Inox Wind Ltd's operations used more cash than they brought in, so cash conversion was −29%, a gap worth watching. In FY26 its operations used ₹598 Cr of cash, against ₹449 Cr of profit. After ₹689 Cr of spending on assets, free cash was −₹1,287 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Inox Wind Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹4,397 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹1,829 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 13.9% of FY26 revenue a year.

Spending on assets: ₹1,829 Cr over the last 3 years, against ₹499 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹247 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Inox Wind Ltd's P/E is 31.9×, in the middle of its own history: higher than 52% of past readings. Its usual P/E (the middle reading) is 28.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.