Overview of Inox Wind
Inox Wind Ltd., established in 2009, is a top Indian company in wind energy, manufacturing wind turbines and offering services like project development and maintenance. Headquartered in Noida, it has plants in Gujarat, Himachal Pradesh, and Madhya Pradesh, with a capacity of 1,600 MW, per Screener. The company serves utilities, corporations, and retail investors, focusing on wind turbine generators (WTGs) like Inox DF 93.3 and DF 113. As of May 2025, its market cap is ₹24,117.58 crore, with shares trading at ₹184.98, up 2.87% in a week, per The Economic Times. Despite a 24% drop in three months, its 571% two-year gain shows promise. Analysts predict 2025 targets between ₹180–₹500, driven by India’s renewable energy push and a strong order book.
Company Background
Inox Wind, part of the Inox Group, was founded to meet India’s growing demand for clean energy. It specializes in WTGs, blades, and towers, with a focus on low-wind-speed turbines, per Inoxwind.com. Its merger with Inox Wind Energy, approved by NCLT in May 2025, strengthens its financial position, boosting investor confidence for 2025.
Current Stock Performance
On May 28, 2025, Inox Wind’s share price is ₹184.98, with a 52-week high of ₹261.90 and a low of ₹124.25, per Livemint.com. It’s up 5.98% in a month but down 42% since September 2024. The P/E ratio of 78.33 and P/B of 10.96 suggest high valuation, but a strong buy rating from five of six analysts signals optimism for 2025 growth.
Financial Health and Growth
Inox Wind’s financials show strong growth despite challenges. For Q3 2024, revenue jumped 93% to ₹2,386 crore, with a net profit of ₹252 crore, per Indmoney.com. Its order book grew 28% to 3,286 MW, offering revenue visibility for 2.5 years. However, a negative ROE of -27.7% over three years and a high P/E ratio raise concerns, per Screener.in. The company’s debt-free status after a ₹900 crore infusion in 2024 boosts confidence, per Economictimes.indiatimes.com. These factors suggest potential for a 2025 share price target of ₹305–₹500, though execution risks remain.
Revenue and Profit Trends
Inox Wind’s revenue has grown for eight quarters, from ₹193.83 crore to ₹993.6 crore, with a 19.8% quarterly increase. Net profit soared to ₹116.65 crore in Q3 2024, up 10801.87% year-over-year, per Indmoney.com. This growth supports analyst targets of ₹305 for 2025, driven by strong project execution and rising wind energy demand.
Debt-Free Status
In 2024, Inox Wind became net cash positive after a ₹900 crore infusion from its parent, Inox GFL Group, per Accountinguru.in. This strengthened its balance sheet, with a debt-to-equity ratio of 11%, signaling financial stability. This milestone could push the share price toward ₹350–₹500 by 2025, as projected by Sharesprediction.com.
Share Price Target for 2025
Analyst forecasts for Inox Wind’s 2025 share price vary widely, reflecting optimism and caution. TradingView reports an average target of ₹247.40, with a high of ₹275 and a low of ₹233, based on six analysts’ strong buy ratings. GRMbulls predicts ₹305, while Sharesprediction.com sets a high of ₹1000–₹1100, citing long-term growth. The Tax Heaven estimates ₹350, driven by government policies and a 3,286 MW order book, per Ldccbank.com. Technical indicators show a bullish trend, with RSI above 70, but the stock trades below its 200-day moving average, per Businesstoday.in. Investors should expect volatility but potential upside to ₹305–₹500.
Analyst Predictions
Analysts are bullish, with Nuvama setting a ₹233 target and Axis Securities at ₹270, per Livemint.com. Systematix predicts ₹221, while Sharesprediction.com’s ₹1000–₹1100 is optimistic, based on long-term renewable energy trends. The average target of ₹305 reflects confidence in Inox Wind’s execution and market position, though high valuations warrant caution.
Technical Analysis
The stock shows bullish signals, with a breakout above ₹177 and a double bottom pattern, per Indmoney.com. RSI above 70 indicates strong momentum, but trading below the 200-day moving average suggests resistance at ₹199–₹204. A break above ₹204 could target ₹275–₹280 by late 2025, per Businesstoday.in.
Growth Drivers for 2025
Inox Wind’s growth in 2025 is tied to India’s renewable energy push and its strong order book. The 990 MW project with Purvah Green, set for commissioning in FY26, boosts revenue visibility, per Livemint.com. Government incentives for wind energy and Inox’s focus on efficient turbines for low wind speeds drive demand, per GRMbulls. The company’s expansion into crane services and transformer manufacturing could add ₹150–₹175 crore to EBITDA by FY26, per Livemint.com. These factors support a share price target of ₹305–₹500, assuming smooth execution and favorable policies.
Government Support
India’s focus on renewable energy, with targets for 500 GW by 2030, benefits Inox Wind, per Ldccbank.com. Policies like tax incentives and subsidies for wind projects could drive demand, supporting a 2025 share price target of ₹305, as GRMbulls predicts, if Inox secures more contracts.
Project Execution
Inox Wind’s 3,286 MW order book, up 28% year-over-year, ensures strong execution through 2027, per Indmoney.com. The 990 MW Purvah Green project, starting in FY26, is a milestone. Efficient delivery could push the share price toward ₹350–₹500, as forecasted by Sharesprediction.com, if no delays occur.
Risks to Consider
Despite its potential, Inox Wind faces risks that could cap its 2025 share price. Intense competition from players like Suzlon and regulatory hurdles, such as land acquisition issues, pose challenges, per GRMbulls. A high P/E ratio of 78.33 suggests overvaluation, and a 42% drop since September 2024 signals volatility, per Businesstoday.in. Economic slowdowns or policy shifts could reduce project funding, keeping the price closer to ₹180–₹233. Investors should monitor these risks closely, per Ldccbank.com, before betting on higher targets like ₹500.
Competition in Renewables
Inox Wind competes with Suzlon and others in a crowded renewable energy market, per Sharesprediction.com. If competitors innovate faster or win larger contracts, Inox’s growth could slow, limiting the share price to ₹180–₹233 in 2025, as cautioned by TradingView’s lower estimates.
Regulatory and Economic Risks
Delays in land acquisition or stricter regulations could stall projects, per Livemint.com. Economic factors like rising interest rates may reduce infrastructure spending, capping the share price at ₹233–₹275, as noted by Nuvama. Investors should watch policy changes closely.
Investment Considerations
Inox Wind is appealing for risk-tolerant investors, given its 571% two-year gain and strong order book, per Indmoney.com. However, its high P/E ratio and negative ROE of -2% suggest caution, per 5paisa.com. The stock’s beta of 1.4 indicates volatility, per Businesstoday.in. With a 2025 target range of ₹180–₹500, it suits those betting on renewables but requires careful monitoring of execution and market trends. Consulting a financial advisor is wise, as advised by Moneycontrol.com.
Who Should Invest?
Inox Wind suits investors comfortable with high-risk, high-reward stocks in the renewable energy sector. Its strong buy rating and ₹305–₹500 target appeal to growth-focused traders, per GRMbulls. Conservative investors may avoid it due to volatility and a high P/E ratio, per Screener.in.
Research Tips
Track Inox Wind’s quarterly results and order book updates on Moneycontrol.com. Monitor India’s renewable energy policies via Ldccbank.com. Check technical indicators like RSI and moving averages on TradingView.com to time entries. Stay updated on project milestones, like the Purvah Green deal, for price movement clues.
Long-Term Outlook
Beyond 2025, Inox Wind’s share price could soar, with targets of ₹1900–₹2100 by 2030, per Sharesprediction.com. Expansion into new markets and turbine innovations could drive growth, per GRMbulls. The stock’s 1670% return over three years by Inox Wind Energy Ltd. shows its potential, per Indmoney.com. However, sustained execution and policy support are critical. By 2035, targets could hit ₹2600–₹2700, making it a compelling long-term pick for renewable energy investors.
2030 and Beyond
By 2030, Inox Wind’s share price could reach ₹1500–₹2100, driven by India’s renewable energy goals and global demand, per Longtermmindset.in. New turbine designs and international expansion could push targets to ₹4400–₹4500 by 2050, assuming consistent growth and innovation.
Strategic Initiatives
Inox Wind’s focus on crane services, transformer manufacturing, and a 990 MW project with Purvah Green strengthens its outlook, per Livemint.com. Its debt-free status and ₹350 crore equity raise for Resco Global enhance financial flexibility, supporting a ₹305–₹500 target for 2025, per Axis Securities.
Why Inox Wind Matters
Inox Wind is a key player in India’s renewable energy future, with a strong order book and debt-free status driving its 2025 share price potential of ₹180–₹500. Its focus on innovative turbines and government-backed growth makes it a stock to watch. However, risks like competition and regulatory hurdles require caution. With India’s clean energy push, Inox Wind offers a compelling opportunity for investors willing to navigate its volatility, per GRMbulls. Research thoroughly and consult advisors to decide if it fits your portfolio.
Renewable Energy Leader
Inox Wind’s role in India’s wind energy market, with a 3,286 MW order book and advanced turbines, positions it for growth, per Indmoney.com. Its alignment with India’s 500 GW renewable target supports a ₹305–₹500 share price in 2025, making it a leader in green energy.
Investor Opportunity
The stock’s 394% one-year gain and strong buy ratings make it attractive for growth investors, per Livemint.com. With potential targets of ₹1000–₹1100 by 2025, per Sharesprediction.com, Inox Wind offers high rewards for those who can handle its volatility and monitor market trends closely.
