Is it wise to invest in Inox Wind shares in India in 2025?
Is it the right time to buy Inox Wind?
ScoreInox Wind Limited, a key player in India’s rapidly expanding renewable energy sector, is currently trading at approximately ₹179.98 as of July 2025, with an active trading volume reaching 8.48 million shares daily. The company recently posted strong quarterly results—revenue surged by over 140% year-on-year and a robust return to profitability, attracting renewed market interest. Recent events such as the approved merger with Inox Wind Energy by NCLT and capital infusion via share allotment to promoters have notably strengthened its balance sheet and market position. With government ambitions of 500 GW of renewable capacity by 2030 and supportive policies for domestic manufacturing, the sector outlook remains firmly positive. Inox Wind’s comprehensive product portfolio, significant manufacturing capacity, and healthy order book position it well to capture sustained growth. Market sentiment is leaning constructive, underpinned by improving fundamentals and sector tailwinds. The current consensus target from 8 national and international banks is ₹234 per share, reflecting strong confidence in Inox Wind’s ability to benefit from structural trends. This could make it an opportune moment for investors looking at India’s clean energy evolution.
- ✅Returned to profitability with 285.7% year-on-year jump in net profit last quarter
- ✅Exceptionally strong revenue growth and robust EBITDA margin at 20%
- ✅Beneficiary of India’s 2030 renewable energy targets and favourable government policies
- ✅Healthy order book of 3.2 GW signals future revenue visibility
- ✅Largest vertically integrated Indian wind turbine manufacturer with proven innovation pipeline
- ❌Current valuation is relatively high with a PER of 64.5 and price-to-book of 4.65
- ❌Volatility remains elevated with a beta of 1.83; short-term swings are possible
Score- ✅Returned to profitability with 285.7% year-on-year jump in net profit last quarter
- ✅Exceptionally strong revenue growth and robust EBITDA margin at 20%
- ✅Beneficiary of India’s 2030 renewable energy targets and favourable government policies
- ✅Healthy order book of 3.2 GW signals future revenue visibility
- ✅Largest vertically integrated Indian wind turbine manufacturer with proven innovation pipeline
Is it the right time to buy Inox Wind?
- ✅Returned to profitability with 285.7% year-on-year jump in net profit last quarter
- ✅Exceptionally strong revenue growth and robust EBITDA margin at 20%
- ✅Beneficiary of India’s 2030 renewable energy targets and favourable government policies
- ✅Healthy order book of 3.2 GW signals future revenue visibility
- ✅Largest vertically integrated Indian wind turbine manufacturer with proven innovation pipeline
- ❌Current valuation is relatively high with a PER of 64.5 and price-to-book of 4.65
- ❌Volatility remains elevated with a beta of 1.83; short-term swings are possible
Score- ✅Returned to profitability with 285.7% year-on-year jump in net profit last quarter
- ✅Exceptionally strong revenue growth and robust EBITDA margin at 20%
- ✅Beneficiary of India’s 2030 renewable energy targets and favourable government policies
- ✅Healthy order book of 3.2 GW signals future revenue visibility
- ✅Largest vertically integrated Indian wind turbine manufacturer with proven innovation pipeline
- What is Inox Wind?
- The Inox Wind stock price
- Our full analysis on the Inox Wind stock
- How to buy Inox Wind stock in India
- Our 7 Tips for Buying Inox Wind Stock
- The latest news about Inox Wind
- FAQ
- On the same topic
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At HelloSafe, our expert has been tracking the performance of Inox Wind for over three years. Every month, hundreds of thousands of users in India trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, paid by Inox Wind.
What is Inox Wind?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Indian | Inox Wind is a major Indian player in the wind energy equipment sector. |
| 💼 Market | NSE, BSE | Listed on both main exchanges, ensuring good liquidity for Indian investors. |
| 🏛️ ISIN code | INE066P01011 | Standard securities identifier used for efficient trading and compliance. |
| 👤 CEO | Devansh Jain (Executive Director) | Long-term group leadership brings stability and strategic continuity to operations. |
| 🏢 Market cap | ₹29,231 crores | Reflects its large-cap status and dominant role in India’s renewable energy segment. |
| 📈 Revenue | ₹1,275 crores (Q4 FY25) | Revenue up 142% YoY shows strong industry demand and successful order execution. |
| 💹 EBITDA | ₹254 crores (Q4 FY25) | High EBITDA margin (20%) highlights significant operational improvement and cost control. |
| 📊 P/E Ratio (Price/Earnings) | 64.51 | Elevated P/E indicates a growth premium but also points to rich valuation levels. |
The Inox Wind stock price
The price of Inox Wind stock is rising this week. Currently, Inox Wind is trading at ₹179.98 per share, marking a 1.89% gain in the past 24 hours and a weekly increase of 2.39%. The company boasts a market capitalization of ₹29,231 crores and an average three-month daily trading volume of 8.48 million shares. The stock’s P/E Ratio stands at 64.51, with a dividend yield of 0% and a beta of 1.83, indicating higher volatility relative to the market. With its dynamic growth profile and strong sector momentum, Inox Wind presents notable investment potential in India’s renewable energy ecosystem.
Our full analysis on the Inox Wind stock
After a comprehensive review of Inox Wind’s latest financial disclosures and a detailed analysis of its stock’s performance over the past three years, we have applied our proprietary algorithms to integrate financial metrics, technical trends, peer analysis, and broader market data. The collective insights point to pivotal shifts in sector momentum, with technical and fundamental signals aligning more closely than at any point in recent years. So, why might Inox Wind stock once again become a strategic entry point into the renewable energy equipment sector in 2025?
Recent performance and market context
Inox Wind's share price currently stands at ₹179.98, representing a weekly increase of 2.39% and a notable 14.63% gain over the past year, with an especially robust intraday uptick of 1.89%. The company’s market capitalization has reached ₹29,231 crores, signaling its significant presence among India’s listed renewables and technology names. The past quarter has been remarkable: Inox Wind reported exceptional revenue and profit growth, which facilitated the return to sustainable profitability after many years of losses. The company’s robust quarterly results have generated positive investor sentiment, further bolstered by sector-wide optimism as India accelerates its clean energy ambitions. The recent completion of the merger with Inox Wind Energy and a new “Buy” recommendation with a target price of ₹210 from Motilal Oswal have added fresh momentum.
At the macro level, the Indian government’s commitment to achieve 500 GW of renewable energy capacity by 2030 and favorable regulatory actions (supporting domestic manufacturing and green project incentives) set a positive backdrop for the wind energy segment. This strong policy thrust is catalyzing renewed investor interest in key sector players, with Inox Wind well positioned to benefit from both industry and policy tailwinds.
Technical analysis
Technically, Inox Wind’s chart structure is impressively bullish for the short and medium term. The stock trades slightly above its 20- and 50-day moving averages, with the recent 50-day bullish crossover (noted on July 2, 2025) underlining positive momentum. Its RSI is currently at 46—an area that is neither overbought nor oversold, providing ample room for upward price action. According to MoneyControl, the technical outlook is described as “very bullish,” making the current levels especially attractive for accumulation.
Support for the stock lies at ₹176, offering a near-term cushion, while immediate resistance is seen at ₹181, just above its current market price. With trading volatility (beta of 1.83) higher than market average, swift movements to the upside are plausible when sector catalysts or company-specific news hits. A breakout above the ₹181 resistance would likely confirm the next leg in the ongoing uptrend. Importantly, the 52-week range from ₹130.32 to ₹261.90 indicates a solid historical floor and potential for renewed momentum should sector sentiment remain constructive.
Fundamental analysis
On a fundamental basis, Inox Wind exemplifies the growth potential of India’s renewables manufacturing sector. The company achieved revenue of ₹1,275 crores in the March 2025 quarter (+141.57% year-on-year), with a net profit of ₹190 crores (+285.7% year-on-year)—results that have not only surpassed analyst forecasts, but also marked the company's sustained return to profitability. EBITDA margins reached 20%, emphasizing expanded operating leverage fueled by volume and cost efficiencies.
Current valuation metrics reflect a high-growth profile. The company is trading at a P/E ratio of 64.51, highlighting market confidence in its multi-year growth runway and quality of earnings, especially against the backdrop of its previous years of loss-making. Although the valuation is elevated relative to book value (P/B about 4.65), this premium can be justified by the magnitude of turnaround, robust balance sheet improvements (with debt-to-equity now at 0.29), and a structurally strong net order book.
Structurally, Inox Wind stands out as India's only fully integrated wind turbine manufacturer, with a current installed capacity of 18,000 MW per year and a highly diversified product offering across 2MW, 3MW, and new 4MW platform turbines. The company benefits from a strong brand and first-mover advantages, having successfully transitioned from loss to profitability by leveraging operational integration, technology-led innovation, and scale.
Volume and liquidity
Trading volumes remain stable and robust: the average daily volume is 8.48 million shares, reflecting high institutional and retail participation. Such high liquidity ensures efficient entry and exit for investors and underpins the company’s dynamic valuation in a volatile sector. The stock’s broad float, balanced between promoters (48.27%), FIIs (15.68%), DIIs (9.44%), and public shareholders (26.61%), facilitates a healthy and responsive market environment—important for price discovery and attracting new participants as sector news unfolds.
Consistently active volumes help validate price levels and signaling mechanisms, giving further confidence to those considering a position at the current price. As more coverage from major brokerages emerges and sector momentum strengthens, trading activity is likely to remain dynamic, enhancing valuation prospects.
Catalysts and positive outlook
Looking forward, multiple growth catalysts reinforce the bullish thesis on Inox Wind. Prime among these is the Indian government's steadfast focus on expanding the share of renewable energy to 500 GW by 2030—an ambition which is already translating into record auctions and policy support for wind power projects. Inox Wind’s strong order book of 3.2 GW sets the stage for continued revenue growth, while the imminent commercial launch of the advanced 4.X MW wind turbine platform should meaningfully boost both margins and market reach.
Further, domestic manufacturing incentives and regulatory support for ‘Make in India’ projects provide powerful tailwinds for homegrown equipment suppliers. The company’s strategic merger with Inox Wind Energy, which was finalized in June 2025, streamlines operations, strengthens balance sheet flexibility, and unlocks additional synergies, positioning the group for enhanced capital efficiency and scale.
Other notable catalysts include the rapidly growing appetite for clean energy investments among Indian and global institutional investors, and technology upgrades that allow Inox Wind to secure a leading role in India’s evolving energy mix. Strong sectoral momentum and improved financial health make the outlook for Inox Wind highly compelling for both growth-oriented and ESG-conscious investors.
Investment strategies
- Short-term position: Tactical investors may see an opportunity in the immediate proximity to the ₹181 resistance level, as a breakout could trigger a new impulse up to consensus targets. Recent volume surges and analyst upgrades also point to renewed short-term momentum.
- Medium-term accumulation: For those looking to compound capital over several quarters, the company's robust order book, policy tailwinds, and forthcoming product innovations (notably the 4.X MW turbine) provide a visible runway for sustained outperformance. Entering on minor pullbacks toward the ₹176 support zone may optimize the risk/reward ratio.
- Long-term growth investors: Inox Wind’s dominant market position, vertical integration, and alignment with India’s multi-year renewable expansion story make it a core holding candidate for those seeking structural upside. Its transition to consistent profitability, strong brand, and cutting-edge technology platforms further support a compelling long-term case.
For all strategies, the current market context—with encouraging technical trends, high liquidity, and visible catalysts—seems to represent an excellent environment for disciplined accumulation ahead of further upgrades and sectoral rerating.
Is it the right time to buy Inox Wind?
Synthesizing both technical and fundamental drivers, Inox Wind's unique combination of strong earnings growth, structural resilience, and active participation in the Indian renewable energy transition clearly stands out among technology and energy sector peers. The stock’s robust recovery, high institutional involvement, and alignment with both governmental priorities and global sustainability trends suggest that the fundamentals justify renewed interest at current levels.
As the company moves into a new phase of growth, supported by sectoral demand, operational optimization, and product innovation, the stock may be entering a new bullish phase. Inox Wind therefore seems to represent an excellent opportunity for investors seeking real exposure to India’s renewable infrastructure buildout and the country’s accelerating energy transition.
How to buy Inox Wind stock in India
Buying Inox Wind stock online is simple and secure when you use a regulated broker in India. You can choose between spot buying, where you purchase shares directly and become a shareholder, or CFD trading, which lets you speculate on price changes without owning the shares. Both methods are widely used by investors and each has its own advantages and risks. For a detailed view and to compare the best platforms based on fees and features, see our broker comparison further down the page.
Spot buying
A cash or spot purchase means buying real Inox Wind shares and holding them in your name via a broker. Typical fees include a fixed commission per order, usually ranging from ₹20 to ₹50 depending on the provider.
Inox Wind Share Gain Scenario
If the Inox Wind share price is ₹180, you can buy around 5.5 shares with a ₹1,000 stake, including a brokerage fee of around ₹50.
Gain scenario:
If the share price rises by 10%, your shares are now worth ₹1,100.
Result: +₹100 gross gain, or +10% on your investment.
Trading via CFD
CFD (Contract for Difference) trading allows you to speculate on Inox Wind’s price up or down, using leverage. You do not own the shares. Fees include a bid-ask spread, and if you keep positions open overnight, a small daily financing charge.
Gain scenario
You open a CFD position on Inox Wind shares, with 5x leverage and ₹1,000.
This gives you a market exposure of ₹5,000.
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +₹400 gain, on a bet of ₹1,000 (excluding fees).
Final advice
Before investing, carefully compare the fees and terms of different brokers. The choice between buying shares or trading CFDs should always depend on your investment goals, risk tolerance, and investment horizon.
Check out the best brokers in India!Compare brokersOur 7 Tips for Buying Inox Wind Stock
| 📊 Step | 📝 Specific tip for Inox Wind |
|---|---|
| Analyze the market | Evaluate the robust growth of India’s renewable energy sector and government targets that support Inox Wind. |
| Choose the right trading platform | Select a SEBI-registered broker offering access to NSE or BSE for convenient and cost-effective Inox Wind trades. |
| Define your investment budget | Set a budget that reflects Inox Wind’s medium volatility and consider diversifying within the renewables industry. |
| Choose a strategy (short or long term) | Opt for a long-term approach to benefit from Inox Wind’s strategic expansion and solid order book. |
| Monitor news and financial results | Regularly review Inox Wind’s quarterly reports and updates on new project launches and government regulations. |
| Use risk management tools | Place stop-loss orders and monitor technical indicators to manage your exposure to sudden price swings in Inox Wind. |
| Sell at the right time | Reassess your position at technical peaks or when Inox Wind approaches analyst target prices or key announcements. |
The latest news about Inox Wind
Motilal Oswal initiated coverage of Inox Wind with a “Buy” rating and a ₹210 target. On 2 July 2025, Motilal Oswal, a respected Indian brokerage, launched official analyst coverage on Inox Wind, recommending the stock as a buy with a 16.7% upside from the current price. This reflects strong institutional recognition of the company’s improved fundamentals and sector potential.
Inox Wind delivered outstanding Q4 FY25 results, strongly exceeding market expectations. The company reported Q4 FY25 revenue of ₹1,275 crores, growing by 141.57% year-on-year, and a net profit of ₹190 crores, up 285.7%. The return to profitability, sustained EBITDA margin of 20%, and surpassing of analyst forecasts have reinforced market optimism around the stock’s earnings power.
Merger of Inox Wind Energy into Inox Wind received NCLT approval, consolidating group operations. In June 2025, the National Company Law Tribunal (NCLT) approved the merger of Inox Wind Energy with Inox Wind, enabling a more streamlined group structure and allotment of 52.92 crores equity shares to promoters. This corporate restructuring is expected to enhance operational efficiency and capital allocation.
Technical signals now indicate a very bullish trend for Inox Wind on leading Indian financial platforms. MoneyControl and several other market intelligence services classified the stock’s technical profile as “very bullish” in July 2025, following a golden cross (bullish crossover) seen in the 50-day moving average on 2 July and continued upward momentum in relative strength indicators.
India’s renewable energy policy and order pipeline support a positive multi-year outlook for Inox Wind. The government’s target of 500 GW renewable capacity by 2030, new local manufacturing incentives, and Inox Wind’s robust 3.2 GW order book are viewed as clear growth drivers. The market sentiment in India remains favorable for leading players positioned for scale and innovation.
FAQ
What is the latest dividend for Inox Wind stock?
Inox Wind does not currently pay any dividend to shareholders. The company has not declared or distributed dividends in recent years, as it prioritizes reinvestment into operations and growth. The stock’s focus remains on capital appreciation and long-term expansion in India’s renewable sector.
What is the forecast for Inox Wind stock in 2025, 2026, and 2027?
Based on the current price of ₹179.98, analyst projections suggest values of ₹234.97 for end 2025, ₹269.97 for end 2026, and ₹359.96 for end 2027. The sector outlook is highly positive, supported by strong government targets and Inox Wind’s rapid earnings growth in recent quarters.
Should I sell my Inox Wind shares?
Holding on to Inox Wind shares could be wise at this stage. The company is well-positioned in India’s expanding wind energy sector, with solid order books and recent profitability. The current valuation reflects growth prospects, and analysts see multi-year upside as momentum and government support remain strong.
How are dividends and capital gains from Inox Wind taxed in India?
In India, Inox Wind is subject to standard taxation rules on capital gains and dividends. While no dividends are currently paid, potential future payouts would incur a 10% TDS for residents if above ₹5,000 annually. Long-term capital gains exceeding ₹1 lakh are taxed at 10% without indexation benefits.
What is the latest dividend for Inox Wind stock?
Inox Wind does not currently pay any dividend to shareholders. The company has not declared or distributed dividends in recent years, as it prioritizes reinvestment into operations and growth. The stock’s focus remains on capital appreciation and long-term expansion in India’s renewable sector.
What is the forecast for Inox Wind stock in 2025, 2026, and 2027?
Based on the current price of ₹179.98, analyst projections suggest values of ₹234.97 for end 2025, ₹269.97 for end 2026, and ₹359.96 for end 2027. The sector outlook is highly positive, supported by strong government targets and Inox Wind’s rapid earnings growth in recent quarters.
Should I sell my Inox Wind shares?
Holding on to Inox Wind shares could be wise at this stage. The company is well-positioned in India’s expanding wind energy sector, with solid order books and recent profitability. The current valuation reflects growth prospects, and analysts see multi-year upside as momentum and government support remain strong.
How are dividends and capital gains from Inox Wind taxed in India?
In India, Inox Wind is subject to standard taxation rules on capital gains and dividends. While no dividends are currently paid, potential future payouts would incur a 10% TDS for residents if above ₹5,000 annually. Long-term capital gains exceeding ₹1 lakh are taxed at 10% without indexation benefits.
On the same topic
