🔍 Introduction
Inox Wind Limited is one of India’s leading wind energy companies, engaged in manufacturing wind turbine generators (WTGs) and providing turnkey wind power solutions. With India’s aggressive push toward renewable energy, can Inox Wind turn into a multibagger stock in the next few years? Let’s analyze!
📊 Current Fundamental Analysis
| Metric | Value |
| Current Share Price | ₹170.75 |
| Market Cap | ₹19,565.57 Crores |
| P/E Ratio | 64.13 |
| EPS (Earnings Per Share) | ₹2.36 |
| Promoter Holding | 48.98% |
| Recent Splits/Bonuses | None |
💼 Future Projects & Growth Strategy
- Government Renewable Push 🌍: Inox Wind is well-positioned to benefit from India’s goal of 500 GW renewable energy capacity by 2030.
- New Wind Energy Orders: The company secured orders totaling approximately 1.4 GW across multiple customers in the first nine months of FY25, with an order book standing at ~3.3 GW at the end of Q3 FY25, providing strong visibility for delivering on its guidance and achieving its 2 GW execution target in FY27.inoxwind.com
- Expansion in Wind Turbine Manufacturing: Plans to scale up manufacturing capacity to meet rising demand.
- Debt Reduction Strategy: Focus on improving financials by cutting debt through asset monetization.
- Hybrid Energy Solutions: Exploring wind-solar hybrid projects to cater to India’s increasing energy needs.
⚠️ Future Risks & Challenges
- High Debt Burden: The company’s debt-to-equity ratio stands at 1.33, indicating a significant debt load.groww.in
- Policy Risks: Changes in government subsidies for renewable energy could affect margins.
- Competition from Global Players: Global renewable energy giants like Suzlon and Adani Green pose a threat.
- Execution Delays: Large-scale projects face challenges like land acquisition and regulatory approvals.
📉 Short-Term Prediction (Next 6-12 Months)
- Big Funds & Brokerage Views: Analysts expect short-term movement in the range of ₹150 – ₹200, based on order execution and earnings performance.
- Market Sentiment: Bullish if debt reduction plans proceed smoothly.
- Short-Term Target Price: ₹190 (Bullish) | ₹160 (Bearish)
📈 Long-Term Prediction (2025-2030)
- Big Funds & Brokerage Views: Inox Wind has the potential to deliver strong returns if it continues securing large orders and reduces debt.
- Market Sentiment: Positive, considering India’s renewable energy goals and rising demand.
- Long-Term Target Price: ₹250 (Bullish) | ₹200 (Bearish)
📊 Financial Growth Analysis
| Metric | Value |
| Revenue Growth | 136.54% YoY |
| Profit Growth | Turned profitable with a net profit of ₹51.82 crore in Q1 FY25, compared to a net loss of ₹63.92 crore in Q1 FY24 |
| EBITDA Growth | 21.30% in Q1 FY25, up from 8.98% in Q1 FY24 |
Data as of March 2025
🤔 Conclusion: Should You Invest?
Inox Wind is a promising stock in the renewable energy sector, with strong growth potential driven by government policies and rising demand. However, investors should monitor the company’s high debt levels and execution risks. Investors looking for long-term exposure to India’s green energy revolution should keep an eye on this stock!
⚠️ Disclaimer
This analysis is for informational purposes only. Please consult a financial advisor before making any investment decisions.
💬 What’s your view on Inox Wind? Drop a comment below! 👇