NSE: INOXWIND | BSE: 539083

Mid-range Performer

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169.80 -0.85 (-0.50%)

35.17% Fall from 52W High

5.2M NSE+BSE Volume

NSE 23 Jun, 2025 3:58 PM (IST)

22,138.4

Market Cap

Below industry Median

1.8

Beta 1Year

Very High Volatility

Inox Wind Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for INOXWIND, BSE:539083 Inox Wind Ltd.

INOXWIND

08 Aug 2018

169.80

-0.50%

Inox Wind - 1QFY19 Result Update

Buy: Inox Wind Ltd.

Target

Reliance Securities

Back in the Black; Focus on SECI Orders Execution to Drive earnings Post incurring loss for four consecutive quarters led by transition of the wind industry from Feed-In-Tariff (FIT) regime to auction route, Inox Wind (INXW) has turned profitable in 1QFY19. Its reported net profit came in at Rs104mn vs. Rs390mn loss in the year-ago quarter, while top-line grew by 306% YoY to Rs4.3bn. Looking ahead, we expect the shift to auctioning route to increase the annual wind market from current 4-5GW to 9GW in FY19-20E. INXW has commenced operations across manufacturing facilities in Gujarat, Himachal Pradesh and Madhya Pradesh after ~4 quarter gap to focus on execution of SECI orders in FY19, which...

Inox Wind Ltd. is trading below its 30 day SMA of 181.1

INOXWIND

21 May 2018

169.80

-0.50%

Inox Wind - 4QFY18 Result Update

Buy: Inox Wind Ltd.

Target

Reliance Securities

Inox Wind (INXW) has delivered a dismal performance in 4QFY18 with its top-line falling by 80.0% YoY to Rs2.03bn owing to transition of the wind industry from Feed-In-Tariff (FIT) regime to auction route. Extending losses as expected since 1QFY17, it incurred Rs556mn net loss in 4QFY18 compared to Rs461mn net loss in 3QFY18 and Rs1,275mn net profit in 4QFY17. Meanwhile, the stock price has corrected by ~50% in last 24 months owing to concerns over working capital and discontinuation of works on wind projects, as the states have stopped signing PPAs under feed-in-tariff regime. Looking ahead, we expect the shift to auctioning route would increase the annual wind market from current 4-5GW to 9GW in FY19-20E. INXW has commenced...

Number of FII/FPI investors decreased from 218 to 197 in Mar 2025 qtr

INOXWIND

09 Nov 2017

169.80

-0.50%

Inox Wind - 2QFY18 Result Update

Buy: Inox Wind Ltd.

Target

Reliance Securities

INXW's incurred Rs202mn EBITDA loss in 2QFY18 vs. Rs1,011mn EBITDA profit in 2QFY17 owing to lower commissioning. In line with our estimates, it incurred Rs468mn loss vs. Rs564mn profit in 2QFY17. Lower revenue, higher interest and depreciation cost on capacity addition were the key disappointments. INXW commissioned 40MW in 2QFY18 taking 1HFY18 commissioning to 86MW. INXW's installation market share stood at 20%. Notably, INXW's net receivables reduced...

Number of FII/FPI investors decreased from 218 to 197 in Mar 2025 qtr

INOXWIND

10 Aug 2017

169.80

-0.50%

Inox Wind - 1QFY18 Result Update

Buy: Inox Wind Ltd.

Target

Reliance Securities

Major Beneficiary of Auctioning Regime; Maintain BUY Inox Wind (INXW) has incurred Rs 390mn net loss in 1QFY18 vs. our estimates of Rs688 mn loss. Top-line fell by 75% YoY to Rs10.5bn, broadly in line with our estimate of Rs10.9bn. Notably, we...

Inox Wind Ltd. has an average target of 237.50 from 2 brokers.

INOXWIND

10 Aug 2017

169.80

-0.50%

Inox Wind

Buy: Inox Wind Ltd.

KRChoksey

Inox wind reported subdued revenue performance, which was down by 75.6% YoY to INR 1059.9 mn against our estimates of ~INR 2875 mn. The growth was hampered due to no execution. The top line growth was supported by 46MW of commissioning. The operational performance was remained subdued primarily owing to lower than anticipated top-line performance. There is operational loss of INR 133.2mn against our estimates of INR 199mn. Subdued operational performance coupled with higher interest cost (+9.6% YoY) impacted bottom-line performance, which was in loss...

Inox Wind Ltd.'s price crossed above 100Day SMA today

INOXWIND

04 Feb 2017

169.80

-0.50%

Inox Wind (3QFY17): Another weak quarter, but all in the price. Maintain BUY

Buy: Inox Wind Ltd.

Target

HDFC Securities

Inox Wind (IWL) reported yet another weak quarter as execution got impacted due to demonetisation. ~200MW of WTGs were manufactured but could not be commissioned, which led to miss in estimates for the quarter. With improvement in execution, the mgmt expects 4QFY17E to be a disproportionately strong quarter.

Inox Wind Ltd. has an average target of 237.50 from 2 brokers.

INOXWIND

04 Feb 2017

169.80

-0.50%

Inox Wind - 3QFY17 Result Update

Buy: Inox Wind Ltd.

Reliance Securities

ff Higher Input & EPC Cost Drags Operating Margins: Though INXW's EBITDA rose by 13% YoY to Rs18.4bn, EBITDA margin declined 127bps YoY to 15.9% due to higher raw material and EPC cost. Further, owing to higher interest cost on the back of increase in receivables days and higher depreciation cost, INXW's...

Promoters pledged 0.18% of shares in last quarter. Total pledge stands at 1.91% of promoter holdings

INOXWIND

10 Nov 2016

169.80

-0.50%

Inox Wind Ltd

Buy: Inox Wind Ltd.

Target

CD Equisearch

IWL, one of the largest integrated wind power solution providers in India, manufactures wind turbine generators and provides ovides complete turnkey solutions such as supply of WTG, land acquisition, infrastructure development, power...

Inox Wind Ltd. is trading below its 30 day SMA of 181.1

Is Inox Wind Ltd. worth buying?

379 Votes:

Buy 80.21%

Sell 9.76%

Hold 10.03%

RESEARCH REPORTS

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Buy SEE REPORTS >

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