Inox Wind Ltd (NSE: INOXWIND)Renewable Energy share : The Inox Wind Power Service provider has been awarded the largest wind power project in India.
In collaboration with CESC, the company will produce 1500 MW of electricity. Inox Wind shares have reached a record high after this news.
Inox officials confirmed that the company had signed an agreement with CESC for 1500 MW wind energy to be produced in the next 3 to 4 years.
Inox Wind Ltd (NSE: INOXWIND) Renewable Energy share :Three-fold Profits For Investors
Inox Wind generated huge profits in 2023 for investors, resulting in profits of up to 3 times. Inox Wind shares reached a high of Rs 578.8 on February 8.
The share price has increased by 146% percent in the past six months, and by 482.20% over the last year.
The company stated that its agreement with CESC was India’s largest order for wind equipment from an OEM.
Inox Wind announced in a stock market filing that the deal was for its latest DF/3000/145 turbine generators with a capacity of 3.3 MW.
In a press release, the company stated that this included the supply of limited-scope EPC (engineering, construction, procurement) equipment for 500 MW as well as turnkey execution from start to finish for 1000 MW in conjunction with its subsidiary Inox Green.
The company offers maintenance services before and after commissioning.
Kailash Tarachandani (CEO) of Inox Wind said that this agreement was signed at a moment that reflects Inox Wind’s commitment to achieving a gigawatt scale within the next few years.
Inox Wind is a fully integrated company in the wind market with four modern manufacturing facilities located in Gujarat, Himachal Pradesh, and Madhya Pradesh.
These plants manufacture blades, tubular masts, hubs, and nacelles.
This Agreement Is A Significant Step In The Direction Of Big Green Ambitions
Sandeep Kashyap of RPSG Group’s Renewable Business, the CEO of Renewable Business, stated that CESC has ambitious green goals, which include significant investment in renewable energies.
Kashyap stated that this (agreement is) an important step in our larger green ambitions. We will use Inox Wind’s experience to achieve our goals. CESC, the power utility of RPSG Group (RP-Sanjiv Goenka Group), is a flagship firm.
About Inox Wind Ltd
Inox Wind Limited is an India-based company that offers integrated wind energy solutions. It is a part of the Inox Group.
The company offers operations and maintenance (O&M) as well as erection, procurement as well as commissioning (EPC), and common infrastructure facilities for wind turbines, as well as the development of wind farms.
It provides wind energy solutions, utilities and Public sector enterprises (PSUs) as well as Independent power producers (IPPs) corporates, as well as retail investors.
It manufactures transformers, electric motors, and generators, as well as distribution and control devices. The three units of production are.
They are in Himachal Pradesh, Gujarat, and Madhya Pradesh. The total operating income of the company is 583.32 crores, while capital invested in equity is 325.95 crores.
Fundamental Analysis of Inox Wind Ltd
| Market Cap | ₹ 18,116 Cr. |
| Current Price | ₹ 555.40 |
| 52-wk High | ₹ 578.80 |
| 52-wk Low | ₹ 90.05 |
| Stock P/E | — |
| Book Value | ₹ 50.6 |
| Dividend | 0.00 % |
| ROCE | -8.37 % |
| ROE | -50.2 % |
| Face Value | ₹ 10.0 |
| P/B Value | 10.9 |
| OPM | -11.6 % |
| EPS | ₹ -16.7 |
| Debt | ₹ 2,726 Cr. |
| Debt to Equity | 1.65 |
Inox Wind Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 500 | ₹ 560 |
| 2025 | ₹ 565 | ₹ 587 |
| 2026 | ₹ 600 | ₹ 632 |
| 2027 | ₹ 645 | ₹ 655 |
| 2028 | ₹ 660 | ₹ 698 |
| 2029 | ₹ 700 | ₹ 722 |
| 2030 | ₹ 735 | ₹ 765 |
Inox Wind Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 72.24% |
| Mar 2023 | 72.01% |
| June 2023 | 72.01% |
| Sept 2023 | 64.64% |
| Dec 2023 | 52.87% |
| FII Holding | |
| Dec 2022 | 2.20% |
| Mar 2023 | 1.89% |
| June 2023 | 2.57% |
| Sept 2023 | 3.48% |
| Dec 2023 | 9.49% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.09% |
| Sept 2023 | 6.54% |
| Dec 2023 | 9.88% |
| Public Holding | |
| Dec 2022 | 25.56% |
| Mar 2023 | 26.10% |
| June 2023 | 25.33% |
| Sept 2023 | 25.34% |
| Dec 2023 | 27.76% |
Inox Wind Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 1,436 Cr |
| 2020 | ₹ 760 Cr |
| 2021 | ₹ 711 Cr |
| 2022 | ₹ 625 Cr |
| 2023 | ₹ 1,131 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -40 Cr |
| 2020 | ₹ -279 Cr |
| 2021 | ₹ -307 Cr |
| 2022 | ₹ -483 Cr |
| 2023 | ₹ -499 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.56 |
| 2020 | 0.5 |
| 2021 | 1.09 |
| 2022 | 1.89 |
| 2023 | 1.39 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Current Year: | 14% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | -5% |
| 5 Years: | -23% |
| 3 Years: | -37% |
| Last Year: | -50% |
Sales Growth Over 10 Years:
| 10 Years: | -4% |
| 5 Years: | 10% |
| 3 Years: | -1% |
| Current Year: | 86% |
Conclusion
This article is a complete guide about Inox Wind Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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