Inox Wind Energy Limited (IWEL) - Net Assets
Based on the latest financial reports, Inox Wind Energy Limited (IWEL) has net assets worth Rs56.06 Billion INR (≈ $606.27 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs87.95 Billion ≈ $951.16 Million USD) and total liabilities (Rs31.89 Billion ≈ $344.89 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Inox Wind Energy Limited liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs56.06 Billion |
| % of Total Assets | 63.74% |
| Annual Growth Rate | 12.47% |
| 5-Year Change | 163.46% |
| 10-Year Change | N/A |
| Growth Volatility | 26.55 |
Inox Wind Energy Limited - Net Assets Trend (2017–2025)
This chart illustrates how Inox Wind Energy Limited's net assets have evolved over time, based on quarterly financial data. Also explore IWEL total asset value for the complete picture of this company's asset base.
Annual Net Assets for Inox Wind Energy Limited (2017–2025)
The table below shows the annual net assets of Inox Wind Energy Limited from 2017 to 2025. For live valuation and market cap data, see IWEL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs56.06 Billion ≈ $606.27 Million |
+65.29% |
| 2024-03-31 | Rs33.92 Billion ≈ $366.79 Million |
+42.48% |
| 2023-03-31 | Rs23.80 Billion ≈ $257.44 Million |
+20.84% |
| 2022-03-31 | Rs19.70 Billion ≈ $213.05 Million |
-7.42% |
| 2021-03-31 | Rs21.28 Billion ≈ $230.11 Million |
+26.24% |
| 2020-03-31 | Rs16.86 Billion ≈ $182.29 Million |
-14.20% |
| 2019-03-31 | Rs19.64 Billion ≈ $212.45 Million |
-1.99% |
| 2018-03-31 | Rs20.04 Billion ≈ $216.76 Million |
-8.46% |
| 2017-03-31 | Rs21.90 Billion ≈ $236.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Inox Wind Energy Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs120.50 Million | 0.40% |
| Other Components | Rs30.32 Billion | 99.60% |
| Total Equity | Rs30.44 Billion | 100.00% |
Inox Wind Energy Limited Competitors by Market Cap
The table below lists competitors of Inox Wind Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UMH Properties Inc
NYSE:UMH
|
$1.34 Billion |
|
VGI Public Company Limited
BK:VGI-R
|
$1.34 Billion |
|
Sichuan Jinlu Group Co Ltd
SHE:000510
|
$1.34 Billion |
|
Liberty Latin America Ltd Class C
NASDAQ:LILAK
|
$1.34 Billion |
|
Land and Houses Public Company Limited
BK:LH
|
$1.34 Billion |
|
Gelex Group JSC
VN:GEX
|
$1.34 Billion |
|
Jiangsu Yinhe Electronics Co Ltd
SHE:002519
|
$1.34 Billion |
|
Clariane SE
PA:CLARI
|
$1.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Inox Wind Energy Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,522,688,000 to 30,438,500,000, a change of 11,915,812,000 (64.3%).
- Net income of 1,395,600,000 contributed positively to equity growth.
- New share issuances of 9,426,100,000 increased equity.
- Other comprehensive income decreased equity by 18,402,200,000.
- Other factors increased equity by 19,496,312,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.40 Billion | +4.58% |
| Share Issuances | Rs9.43 Billion | +30.97% |
| Other Comprehensive Income | Rs-18.40 Billion | -60.46% |
| Other Changes | Rs19.50 Billion | +64.05% |
| Total Change | Rs- | 64.33% |
Book Value vs Market Value Analysis
This analysis compares Inox Wind Energy Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.16x to 4.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | Rs1993.25 | Rs10293.00 | x |
| 2018-03-31 | Rs1824.56 | Rs10293.00 | x |
| 2019-03-31 | Rs1788.68 | Rs10293.00 | x |
| 2020-03-31 | Rs1534.49 | Rs10293.00 | x |
| 2021-03-31 | Rs1402.20 | Rs10293.00 | x |
| 2022-03-31 | Rs1346.46 | Rs10293.00 | x |
| 2023-03-31 | Rs952.44 | Rs10293.00 | x |
| 2024-03-31 | Rs2124.72 | Rs10293.00 | x |
| 2025-03-31 | Rs2526.08 | Rs10293.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Inox Wind Energy Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.92%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.89x
- Recent ROE (4.58%) is above the historical average (-7.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.85% | 8.88% | 0.66x | 2.35x | Rs843.33 Million |
| 2018 | -9.36% | -39.10% | 0.12x | 2.04x | Rs-3.88 Billion |
| 2019 | -2.01% | -2.75% | 0.30x | 2.41x | Rs-2.36 Billion |
| 2020 | -16.59% | -36.80% | 0.14x | 3.14x | Rs-4.48 Billion |
| 2021 | -11.18% | -24.04% | 0.13x | 3.67x | Rs-3.26 Billion |
| 2022 | -8.07% | -19.96% | 0.10x | 4.17x | Rs-2.67 Billion |
| 2023 | -33.86% | -49.31% | 0.12x | 5.79x | Rs-4.69 Billion |
| 2024 | -3.64% | -3.87% | 0.25x | 3.72x | Rs-2.53 Billion |
| 2025 | 4.58% | 3.92% | 0.40x | 2.89x | Rs-1.65 Billion |
Industry Comparison
This section compares Inox Wind Energy Limited's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Inox Wind Energy Limited (IWEL) | Rs56.06 Billion | 13.85% | 0.57x | $1.34 Billion |
| Allcargo Gati Limited (ACLGATI) | $2.90 Billion | 3.28% | 1.93x | $105.06 Million |
| Dhani Services Limited (DHANI) | $3.70 Billion | 68.11% | 3.17x | $342.32 Million |
| Gujarat Raffia Industries Limited (GUJRAFFIA) | $206.35 Million | 2.51% | 0.26x | $4.35K |
| Ind-Swift Limited (INDSWFTLTD) | $3.21 Billion | 0.00% | 3.88x | $9.23 Million |
| Mangalore Chemicals & Fertilizers Limited (MANGCHEFER) | $-501.25 Million | 0.00% | 0.00x | $395.72 Million |
| Zodiac Energy Limited (ZODIAC) | $360.50 Million | 8.85% | 1.63x | $25.69 Million |
About Inox Wind Energy Limited
Inox Wind Energy Limited, together with its subsidiaries, engages in the manufacture and sale of wind turbine generators (WTGs) in India. The company also provides erection, procurement, and commissioning services; and operations and maintenance services, wind farm development services, and related infrastructure facilities for WTGs. In addition, it is involved in the generation and sale of wind … Read more