The company operates state-of-the-art manufacturing facilities located in Gujarat, Himachal Pradesh, and Madhya Pradesh. These plants are equipped to produce key components for wind energy systems, including blades, tubular towers, hubs, and nacelles. By focusing on high-quality production and efficient service delivery, Inox Wind is well-positioned to contribute significantly to India’s renewable energy goals. Its integrated approach not only supports the growth of the wind energy sector but also aligns with the nation’s objectives of enhancing the share of renewable energy in its overall energy mix.
Latest News on Inox Wind
In a significant development, Inox Wind’s subsidiary, Resco Global, successfully raised ₹350 crore in equity capital from prominent investors, reflecting strong confidence in the company’s growth trajectory and market potential. This capital infusion is expected to bolster Resco Global’s operations and enhance its capabilities in the renewable energy sector.
Furthermore, Inox Wind has entered into a consortium agreement with several banks for ₹2,200 crore in financial facilities, primarily non-fund based. This arrangement leverages the financial strength of Inox Wind’s balance sheet, showcasing its robust financial health and ability to attract substantial funding. These initiatives not only reinforce Inox Wind’s commitment to expanding its footprint in the wind energy market but also position the company for future growth and innovation in renewable energy solutions.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 64.64% | 52.87% | 52.87% | 48.27% | 48.27% |
| FIIs + | 3.48% | 9.49% | 9.47% | 13.37% | 15.82% |
| DIIs + | 6.54% | 9.88% | 10.16% | 9.75% | 9.09% |
| Public + | 25.34% | 27.76% | 27.49% | 28.62% | 26.83% |
| No. of Shareholders | 70,512 | 87,902 | 1,17,484 | 2,26,975 | 3,27,516 |
The shareholding pattern of Inox Wind reflects significant changes over the upcoming quarters, indicating evolving investor confidence and market dynamics. As of September 2023, promoters held a dominant 64.64% stake in Inox Wind; however, this share is projected to decrease to 48.27% by September 2024. This gradual decline in promoter ownership may suggest a strategic shift towards increasing institutional and public participation in the company.
Foreign Institutional Investors (FIIs) have shown a notable increase in their stake, rising from 3.48% in September 2023 to an anticipated 15.82% by September 2024. Similarly, Domestic Institutional Investors (DIIs) also exhibit a growing presence, with their share expected to fluctuate slightly from 6.54% to 9.09% during the same period. Public shareholding is anticipated to remain relatively stable, starting at 25.34% and reaching 26.83% by September 2024. Additionally, the number of shareholders in Inox Wind is projected to increase significantly from 70,512 in September 2023 to 327,516 by September 2024, indicating a growing interest and confidence in the company’s future prospects. This evolving shareholding structure may enhance Inox Wind’s stability and market positioning as it continues to expand in the renewable energy sector.
Below are the trading platforms that you can use to purchase Inox Wind shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 241.05 | 209.61 |
| December 2024 | 243.46 | 211.71 |
In 2024, Inox Wind’s share prices are expected to show promising growth. In November, the maximum price is projected to reach ₹241.05, with a minimum price of ₹209.61. Following that trend, December may see a further increase, with prices potentially peaking at ₹243.46 and a minimum of ₹211.71.
| When | Maximum Price | Minimum Price |
| January 2025 | 245.90 | 189.15 |
| February 2025 | 248.38 | 191.06 |
| March 2025 | 253.60 | 195.08 |
| April 2025 | 251.09 | 193.14 |
| May 2025 | 243.77 | 187.52 |
| June 2025 | 254.74 | 195.96 |
| July 2025 | 249.75 | 192.12 |
| August 2025 | 257.47 | 198.06 |
| September 2025 | 260.56 | 200.43 |
| October 2025 | 267.34 | 205.64 |
| November 2025 | 274.02 | 210.79 |
| December 2025 | 286.35 | 220.27 |
As we move through 2025, Inox Wind’s share prices are expected to fluctuate significantly. In January, the maximum price is projected at ₹245.90 and the minimum at ₹189.15. February may see a maximum of ₹248.38 and a minimum of ₹191.06. In March, the maximum could reach ₹253.60 with a minimum of ₹195.08, while April may see a maximum of ₹251.09 and a minimum of ₹193.14. By May, the maximum is anticipated at ₹243.77 and the minimum at ₹187.52, followed by June with a maximum of ₹254.74 and a minimum of ₹195.96. In July, prices may rise again, with a maximum of ₹249.75 and a minimum of ₹192.12. August is projected at ₹257.47 maximum and ₹198.06 minimum, while September could reach ₹260.56 maximum and ₹200.43 minimum. In October, the maximum may hit ₹267.34 and the minimum ₹205.64. November could see a maximum of ₹274.02 and a minimum of ₹210.79, and as we move into December, the maximum price is expected to peak at ₹286.35, with a minimum of ₹220.27.
| When | Maximum Price | Minimum Price |
| January 2026 | 294.94 | 226.88 |
| February 2026 | 287.57 | 221.21 |
| March 2026 | 293.32 | 225.63 |
| April 2026 | 299.31 | 230.24 |
| May 2026 | 296.34 | 227.96 |
| June 2026 | 303.75 | 233.66 |
| July 2026 | 297.80 | 229.07 |
| August 2026 | 307.01 | 236.16 |
| September 2026 | 313.15 | 240.88 |
| October 2026 | 321.29 | 247.15 |
| November 2026 | 329.32 | 253.32 |
| December 2026 | 337.55 | 259.66 |
| When | Maximum Price | Minimum Price |
| January 2027 | 340.93 | 262.25 |
| February 2027 | 349.67 | 268.98 |
| March 2027 | 363.31 | 279.47 |
| April 2027 | 356.18 | 273.99 |
| May 2027 | 345.81 | 266.01 |
| June 2027 | 361.37 | 277.98 |
| July 2027 | 354.29 | 272.53 |
| August 2027 | 365.24 | 280.96 |
| September 2027 | 378.03 | 290.79 |
| October 2027 | 387.86 | 298.35 |
| November 2027 | 397.55 | 305.81 |
| December 2027 | 407.49 | 313.45 |
| When | Maximum Price | Minimum Price |
| January 2028 | 415.64 | 319.72 |
| February 2028 | 426.30 | 327.92 |
| March 2028 | 442.92 | 340.71 |
| April 2028 | 434.24 | 334.03 |
| May 2028 | 421.59 | 324.30 |
| June 2028 | 440.56 | 338.89 |
| July 2028 | 431.92 | 332.25 |
| August 2028 | 445.28 | 342.53 |
| September 2028 | 460.87 | 354.51 |
| October 2028 | 472.85 | 363.73 |
| November 2028 | 484.67 | 372.82 |
| December 2028 | 496.79 | 382.14 |
| When | Maximum Price | Minimum Price |
| January 2029 | 506.72 | 389.79 |
| February 2029 | 519.72 | 399.78 |
| March 2029 | 539.99 | 415.37 |
| April 2029 | 529.40 | 407.23 |
| May 2029 | 513.98 | 395.37 |
| June 2029 | 537.11 | 413.16 |
| July 2029 | 526.58 | 405.06 |
| August 2029 | 542.86 | 417.59 |
| September 2029 | 561.86 | 432.20 |
| October 2029 | 576.47 | 443.44 |
| November 2029 | 590.88 | 454.53 |
| December 2029 | 605.65 | 465.89 |
| When | Maximum Price | Minimum Price |
| January 2030 | 617.77 | 475.21 |
| February 2030 | 633.61 | 487.39 |
| March 2030 | 658.32 | 506.40 |
| April 2030 | 645.41 | 496.47 |
| May 2030 | 626.61 | 482.01 |
| June 2030 | 654.81 | 503.70 |
| July 2030 | 641.97 | 493.82 |
| August 2030 | 661.82 | 509.10 |
| September 2030 | 684.99 | 526.91 |
| October 2030 | 702.80 | 540.61 |
| November 2030 | 720.37 | 554.13 |
| December 2030 | 738.38 | 567.98 |
As we step into 2030, Inox Wind’s share prices are projected to show considerable movement. In January, the maximum price is expected to be ₹617.77, with a minimum of ₹475.21. Moving into February, the maximum may rise to ₹633.61, while the minimum could be ₹487.39. In March, prices might reach a maximum of ₹658.32 and a minimum of ₹506.40. By April, the maximum is anticipated at ₹645.41 and the minimum at ₹496.47, followed by May with a maximum of ₹626.61 and a minimum of ₹482.01. In June, the maximum price is projected to be ₹654.81 and the minimum ₹503.70, while July may see a maximum of ₹641.97 and a minimum of ₹493.82. August is expected to reflect a maximum price of ₹661.82 and a minimum of ₹509.10. As we step into September, the maximum may rise to ₹684.99, with a minimum of ₹526.91. In October, prices are expected to reach a maximum of ₹702.80 and a minimum of ₹540.61. November could see a maximum of ₹720.37 and a minimum of ₹554.13, and as we step into December, the maximum price is anticipated to peak at ₹738.38, with a minimum of ₹567.98.
Inox Wind Financial Condition
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 760 | 711 | 625 | 733 | 1,743 | 2,402 |
| Expenses + | 877 | 902 | 925 | 926 | 1,475 | 1,898 |
| Operating Profit | -116 | -191 | -300 | -193 | 269 | 504 |
| OPM % | -15% | -27% | -48% | -26% | 15% | 21% |
| Other Income + | 11 | 76 | 19 | -65 | 40 | 46 |
| Interest | 244 | 255 | 283 | 327 | 248 | 222 |
| Depreciation | 80 | 88 | 89 | 98 | 110 | 144 |
| Profit before tax | -430 | -459 | -653 | -684 | -49 | 184 |
| Tax % | -35% | -33% | -26% | 4% | 7% | |
| Net Profit + | -279 | -307 | -483 | -712 | -53 | 179 |
| EPS in Rs | -3.15 | -3.44 | -5.41 | -5.43 | -0.31 | 1.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Inox Wind has demonstrated a remarkable turnaround in its financial performance over the last few years, particularly as it moves towards profitability. From March 2020 to March 2024, Inox Wind’s sales exhibited a significant recovery, climbing from ₹760 crore to ₹1,743 crore, with a trailing twelve months (TTM) sales reaching ₹2,402 crore. This growth reflects the company’s effective strategies in capitalizing on the increasing demand for renewable energy solutions. However, expenses have also risen, from ₹877 crore in March 2020 to ₹1,475 crore in March 2024, which has affected the operating profit dynamics.
The operating profit, which had been negative for several years, turned positive in March 2024, achieving ₹269 crore with an operating profit margin (OPM) of 15%. This is a substantial improvement from the OPM of -15% in March 2020. Inox Wind’s net profit also showed a significant recovery, moving from a loss of ₹279 crore in March 2020 to a loss of only ₹53 crore in March 2024. This trend is promising, with earnings per share (EPS) improving from -₹3.15 to -₹0.31 during the same period, indicating a potential for future profitability. Additionally, Inox Wind has not yet declared any dividends, reflecting its focus on reinvesting profits for growth. Overall, these financial metrics suggest that Inox Wind is on a positive trajectory, positioning itself strongly in the renewable energy sector.
FAQs
Will Inox Wind stock price grow in 2025?
Yes, Inox Wind stock price is expected to grow in 2025. The company’s current share price is around Rs 211, and analysts have estimated that Inox Wind price is expected to reach ₹286.35 by the end of 2025.
What future is anticipated for Inox Wind in 2025?
Analysts expect Inox Wind stock price to reach Rs 286.35 by the end of 2025.
In 2030, Inox Wind is expected to trade in between ₹475.21 and ₹738.38.
Also Read
- Gujarat Pipavav Port Ltd Share Price Target 2024, 2025 to 2030
- Bajaj Housing Finance Ltd Share Price Target 2024, 2025 to 2030
- GE Vernova T&D India Share Price Target 2025, 2026 to 2030
Conclusion
Inox Wind Ltd, established in 1999 as part of the INOXGFL Group, is a prominent provider of wind energy solutions in India. The company specializes in project development, operations, and maintenance of wind energy systems, with advanced manufacturing facilities in Gujarat, Himachal Pradesh, and Madhya Pradesh. Recently, its subsidiary, Resco Global, raised ₹350 crore in equity, while Inox Wind secured ₹2,200 crore in non-fund based financial facilities, showcasing its strong market position. The shareholding pattern indicates a decline in promoter stakes and an increase in Foreign and Domestic Institutional Investors (FIIs and DIIs). Share prices are projected to rise significantly from ₹241.05 in November 2024 to ₹738.38 by December 2030, reflecting positive growth trends.
What did we learn?
