The company’s share rose after securing a 51 MW order from First Energy, its first from the Thermax Group firm. Backed by strong order visibility, Motilal Oswal projects 38% EBITDA CAGR, highlighting growth potential with robust execution and expanding O&M and turnkey capabilities.
The shares of the wind energy solution provider gained up to 1 percent in today’s trading session after the company bagged a prestigious work order from First Energy Private Limited.
With a market capitalization of Rs 26,846.82 crore, the shares of Inox Wind Ltd were trading at Rs 165.30 per share, decreasing around 0.12 percent as compared to the previous closing price of Rs 165.50 apiece.
According to the company filing, Inox Wind has secured a 51 MW order from First Energy Private Limited, a Thermax Group company, marking its first-ever deal with them. The project, located in Tamil Nadu, includes limited-scope EPC services and a multi-year post-commissioning operations and maintenance (O&M) contract, strengthening Inox Wind’s project portfolio.
Inox Wind will supply 3 MW wind turbines with a 140-meter hub height for a Tamil Nadu project. The contract includes limited-scope EPC services, supervision, and multi-year O&M services, to be executed via Inox Wind subsidiaries.
Also read: Microcap stock hits upper circuit after receiving ₹54 Cr worth of orders for IT infrastructure project
Recently, Motilal Oswal Financial Services, one of the well-known brokerages in India, gave a ‘Buy’ rating on this stock with a target price of Rs 210 apiece, indicating a potential upside of 27 percent from the Wednesday price of Rs 165 per share.
Motilal Oswal projects Inox Wind’s EBITDA to grow at a 38% CAGR from FY25 to FY28, driven by a sharp ramp-up in wind turbine generator (WTG) execution from 705 MW in FY24 to 1.8 GW by FY28. The brokerage values the stock at a 25x P/E multiple based on FY27 EPS estimates, reflecting strong growth prospects.
Inox Wind Limited is engaged in the business of manufacturing and sale of wind turbine generators (WTGs). It also provides erection, procurement, and commissioning (EPC), operations and maintenance (O&M), and common infrastructure facilities services for WTGS and wind farm development services.
Inox Wind Ltd (IWL) is a fully integrated wind energy player with 2.5 GW manufacturing capacity. It boasts a robust 3.2 GW order book and is among the few OEMs offering turnkey and O&M solutions. With solar diversification, strong promoter backing, and a 5.1 GW O&M portfolio, it’s positioned for strong growth.
Inox Wind’s order book stands strong, offering robust revenue visibility for the next 2–3 years. The portfolio includes 1,848 MW in end-to-end turnkey projects and 1,355 MW in equipment supply. Its diversified clientele includes NTPC, CESC, NLC India, Hero Future Energies, and more, reflecting broad industry trust and growth potential.
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
