Inox Wind Ltd (IWL) is getting a lot of attention from major investment firms because it has many confirmed orders. It handles all parts of its work in-house, and it benefits from supportive government policies.
This puts the company in a strong position in India’s fast-growing wind energy market. Motilal Oswal has given the stock a “Buy” rating with a target price of ₹210.
It also suggests to them that the company has a potential 21% gain from current levels. Their positive feedback is based on three major strengths: a large and growing order book, complete in-house capabilities, and strong policy support.
Inox Wind currently has 3.2 GW of orders, giving it a strong base for future growth. The company plans to increase wind turbine installations from 705 MW in FY25 to 1.8 GW by FY28.
It has four manufacturing plants with a total capacity is about 2.5 GW, which makes 2–3 MW turbines. Its sister companies, Inox Green Energy Services, which manages 5.1 GW of wind projects, and Inox Renewable Solutions, provide extra services like project setup, hybrid systems, and crane rentals.
These combined resources help Inox Wind finish projects faster and at a lower cost. From a valuation perspective, Inox Wind is currently priced lower than its competitor Suzlon, with a price-to-earnings ratio of about 20.5 times for FY27, around 28–29% cheaper.
Experts think that new government policies, like rules encouraging local manufacturing (RLMM), along with India’s plan to double its wind power capacity to 100 GW by 2030, could help Inox Wind increase its profits and catch up in value with Suzlon.
Even though the stock saw a minor 3% dip after its Q4 results, where net profit jumped 391% to ₹190 crore. The brokerages like Nuvama, ICICI Securities, and JM Financial have maintained their “Buy” ratings and raised their price targets to ₹216–₹236, citing strong fundamentals.
Overall, Inox Wind appears well-positioned to benefit from India’s green energy expansion, supported by a strong order pipeline, integrated operations, and favorable government policies.
Source
0 Comments