Inox Wind Limited Inox Wind has scheduled investor meetings on September 21 and September 28, 2026. The company will present its financial results for the quarter ended June 30, 2026, at these events.

The meetings are part of the company’s compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Representatives from Inox Wind will engage with institutional investors through both group and one-on-one sessions.

Conference Schedule

The company will participate in two distinct investor conferences organized by prominent brokerages. The schedule details are as follows:

The Anand Rathi event, titled "Bharat – The Next Engine of Global Growth," will be held physically in Mumbai. The second event, organized by Arihant Capital Markets Ltd under the banner "Rising Stars – September 2026," will take place on a digital platform.

Disclosure Details

Inox Wind confirmed that no unpublished price-sensitive information (UPSI) will be shared during these conferences. The primary focus will be the investor presentation covering the financial performance for the quarter ended June 30, 2026.

Deepak Banga, Company Secretary at Inox Wind, signed the disclosure filed with the Bombay Stock Exchange and National Stock Exchange of India. The company noted that the schedule is subject to change based on exigencies from either the investors or the company.

Inox Wind has secured a confirmed work order worth ₹755 crore from Indian Oil Corporation Limited subsidiary Terra Clean Limited for a 100 MW turnkey wind power project. The contract includes supply of wind turbine generators, engineering, procurement, construction, and post-commissioning O&M services over a 10-year period.

ORDER IN FINANCIAL CONTEXT

The ₹755 crore order represents approximately 66% of the company's average quarterly revenue of ₹1144.53 crore. The total disclosed order book now stands at ₹2355 crore (sum of the 2 orders disclosed across the last 3 fiscal quarters shown in the table below), which provides coverage of roughly 2.05 quarters of average revenue. This is an improvement from the previously reported order book coverage of 1.40 quarters, which was based solely on the ₹1600 crore order from NLC India Limited. The book-to-bill ratio, calculated as total disclosed order book divided by TTM revenue of ₹4578.1 crore, indicates a healthy pipeline relative to current sales run-rate.

COMPANY ORDER TRACK RECORD

Order inflow velocity appears stable with significant large-ticket wins continuing to arrive. The current order value of ₹755 crore is consistent with the company's typical per-order size, following the ₹1600 crore mega order in Q2FY27.

Note: The current filing date of September 3, 2026, falls within Q2FY27. However, since the pre-computed quarterly summary only lists data for Q2FY27 up to the point of that summary's generation, and does not include this new ₹755 crore order in its total, we present the pre-computed data verbatim as instructed. The new order adds to this quarter's inflow.

EXECUTION AND REVENUE QUALITY

Inox Wind has shown consistent profitability over the last three quarters, with no signs of execution stress. Operating profit margins have remained healthy, ranging between 16% and 23%.

REVENUE GROWTH - ORDER WINS TRANSLATING TO REVENUE

As Inox Wind has sustained order wins, its annual revenue has grown from ₹3701.50 crore in FY25 to ₹4397.12 crore in FY26, representing a YoY growth of +18.8% based on the latest annual data. This growth trajectory follows a period of rapid expansion, with revenue more than doubling from ₹1808.00 crore in FY24 to ₹3701.50 crore in FY25 (+104.7% YoY).

WORKING CAPITAL AND EXECUTION CAPACITY

The company's balance sheet provides ample liquidity for execution. With a current ratio of 2.01x and total liabilities/equity of 0.89x, Inox Wind has sufficient short-term assets to cover liabilities and fund working capital needs. Operating cashflow improved significantly to ₹138.00 crore in FY25 from negative levels in previous years, although free cashflow remained negative at -₹482.50 crore due to capex of ₹620.50 crore. This suggests ongoing investment in capacity or assets, but the positive operating cashflow indicates that core operations are generating cash.

WHAT TO WATCH

• Execution rate: Monitor quarterly revenue run-rate against the growing backlog of ₹2355 crore to assess conversion efficiency.
• OPM trajectory: Watch if the margin quality on the new Indian Oil order aligns with the historical average of ~19-20%.
• Client concentration: Assess what percentage of the total disclosed order book comes from top clients like Indian Oil and NLC India Limited.
• Cash conversion: Track whether operating cashflow remains positive as capex continues, ensuring working capital cycles do not stretch excessively.

KEY OBSERVATIONS

• Backlog signal: The addition of the ₹755 crore order increases the total disclosed order book to ₹2355 crore, enhancing visibility into future revenues.
• Valuation check (as of 03 Sep 2026): P/E of 34.9x against ROCE of 12.3%. At the time of this article, valuation was pricing in execution improvement not yet visible in return ratios. (P/E is price-derived and will change; ROCE is from audited financials)