Inox Wind’s key products/revenue segments include Wind Turbine Generator, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1310.65 crore, up 31.91% from last quarter Total Income of Rs 993.60 crore and up 132.77% from last year same quarter Total Income of Rs 563.07 crore. The company has reported net profit after tax of Rs 190.34 crore in the latest quarter.
The company?s top management includes Ms.Bindu Saxena, Mr.Devansh Jain, Mr.Manoj Shambhu Dixit, Mr.Mukesh Manglik, Mr.Sanjeev Jain, Mr.Brij Mohan Bansal. Company has Dewan P N Chopra & Co. as its auditors. As on 31-03-2025, the company has a total of 130 crore shares outstanding.
Investment Rationale
A tribunal has approved the merger of Inox Wind with its holding comp ? Inox Wind Energy (EPC and IPP). As a result, the number of shares will increase by 20%. It is also in the process of demerging and listing INOX Renewables Solutions (the restructuring proposal was approved by board in Nov?24). ICICI Securities maintains BUY with a revised target price of Rs 230 (earlier Rs 228), basis FY27E earnings at 30x.
Promoter/FII Holdings
Promoters held 48.27 per cent stake in the company as of 31-Mar-2025, while FIIs owned 15.68 per cent, DIIs 9.29 per cent.
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