Should I buy Inox Wind stock in 2025?

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At HelloSafe, our expert has been monitoring the performance of Inox Wind for more than three years. Each month, lakhs of users across India rely on us to interpret market trends and highlight the most promising investment opportunities. Our analyses are intended purely for informational purposes and do not qualify as investment advice. In line with our ethical principles, we have never received, and will never accept, any compensation from Inox Wind.

What is Inox Wind?

How much is Inox Wind stock?

The price of Inox Wind stock is rising this week. As of now, the stock trades at ₹173.08, moving up by ₹6.96 or 4.19% in the past 24 hours, while the weekly performance stands at -0.68%. Inox Wind commands a market capitalization of ₹22,566 Crore, with an average 3-month daily volume of about 19.25 million shares. The stock’s P/E ratio is 73.34, no dividend yield is offered, and its beta of 1.70 suggests higher-than-average volatility. Investors should be aware that while the company is showing strong growth, the share price can fluctuate significantly over short periods.

Our full analysis on Inox Wind stock

Having thoroughly assessed Inox Wind’s latest financial results, scrutinized the stock’s multi-year performance, and incorporated insights from a proprietary blend of financial metrics, technical signals, and sector benchmarking, it’s clear that the company is at a pivotal juncture. Our comprehensive analysis draws from an array of data—spanning liquidity, operational efficiency, technical momentum, peer trends, and macroeconomic tailwinds—to provide a multi-dimensional perspective. So, why might Inox Wind once again become a strategic entry point into the high-growth Indian renewable energy sector in 2025?

Recent Performance and Market Context

Over the past year, Inox Wind’s stock has delivered robust gains, closing at ₹173.08 as of May 5, 2025—representing a 12.46% advance year-over-year, despite considerable mid-term volatility. After peaking at ₹261.90 within the last 52 weeks, a broader sector correction and profit-booking led the stock to recalibrate, bottoming at ₹124.25 before entering a recent phase of relative stability and renewed bullish interest. Notably, the stock has rebounded +12.50% over the past month, signaling renewed investor conviction.

• Major order inflows: The recently secured 153 MW wind turbine supply order in Tamil Nadu, valued at over ₹1,000 crore, underscores strong execution capabilities and growing demand, boosting revenue visibility and pipeline strength.
• Bonus issue: The 3:1 bonus share announcement (effective May 24, 2024) has improved secondary market liquidity and market participation, offering a psychological boost and widening the retail shareholder base.
• Financial upgrades: CARE Ratings’ upward revision of the company’s banking facility ratings reflects enhanced creditworthiness and instills greater confidence among institutional investors.

Externally, the macroeconomic context remains highly favorable. India’s ambitious renewable energy targets, strong policy incentives, and rising power demand provide secular, long-term growth drivers. The wind power segment is increasingly positioned as a cornerstone of national energy strategy, aligning Inox Wind with transformative industry tailwinds.

Technical Analysis

The technical landscape for Inox Wind is increasingly supportive of a bullish reversal scenario. The 14-day RSI stands at 32.28, signaling oversold territory and often a precursor to upward momentum, especially when supported by improving fundamentals. A deeper look at the moving averages provides further context:

• The 5-day SMA (₹171.41) and 20-day SMA (₹163.00) reveal the stock trading above immediate-term trendlines, with a recent cross-above of short-term averages—a classical momentum indicator.
• The stock currently sits just above the 100-day SMA (₹168.89), offering strong support, while the 200-day SMA at ₹188.62 could act as the next major resistance, should the uptrend sustain.

The MACD presents a mildly bullish signal on the weekly chart, indicating an incipient reversal of the previous downtrend. Key technical support levels—₹163.91, ₹161.69, and ₹158.32—are holding firm, reducing downside risk, while upside resistances at ₹169.50, ₹172.87, and ₹175.09 are poised for retesting.

Structurally, the stock’s consolidation near oversold conditions, combined with rising delivery percentages, supports a view of accumulation—often the antecedent to a new bullish phase.

Fundamental Analysis

Inox Wind’s fundamentals reflect a trajectory of operational excellence and strategic agility. The Q3 FY24-25 financial results are particularly striking:

• Revenue soared to ₹911.27 crore (+81.01% YoY), reflecting strong order execution and sustained demand for wind energy installations.
• Operating Profit surged by 123.24% YoY to ₹207.10 crore, and net profit expanded an extraordinary 10,801.87% YoY to ₹116.65 crore. The operating margin advanced to 22.73%, signaling superior cost control, scale effects, and improved pricing power.
• Interest expense dropped sharply by 41.73%, evidence of improving capital structure and discipline.

Valuation, while rich on an absolute basis (P/E 73.34 vs. sector average 88.60, P/B 8.46), appears more digestible in the context of sector multiples, historic growth, and future earnings potential. Notably, EPS growth (+826.15% YoY) and long-term top-line CAGR (+30.22% over five years) underpin the premium, especially as Inox Wind transitions from turnaround to sustainable profitability.

Strategically, Inox Wind’s fully integrated business model—from in-house manufacturing to installation and O&M services—engenders significant competitive advantages:

• Accelerated project timelines
• Margin retention across the value spectrum
• Deep client engagement

The company’s robust market share, innovative pipeline (especially the 3MW and upcoming 4.XMW platforms), and association with the diversified Inox Group reinforce brand strength and sector leadership.

Volume and Liquidity

A defining feature of Inox Wind’s current market dynamics is the sustained and healthy trading volume. The stock’s daily average volume—19.25 million shares over 20 days, with an actual traded volume of 5.14 million shares as of the most recent session—attests to ample liquidity and investor engagement.

• Delivery percentage (24.44%) reflects a balanced mix between trading activity and longer-term holding, suggesting that institutional and retail investors alike perceive residual upside.
• Float: With a promoter holding of 48.27% and key institutional presence (FIIs: 15.68%, DIIs: 9.44%), the available float remains dynamic, fostering price discovery and potential re-rating on positive newsflow.

Such liquidity and depth are hallmarks of stocks with the ability to absorb large orders while maintaining tight bid-ask spreads—an indicator of robust market confidence.

Catalysts and Positive Outlook

Multiple powerful catalysts position Inox Wind for continued outperformance:

• Commercialization of 4.X MW platform: The imminent launch of next-generation wind turbine technology, catering to larger projects and improved energy output, sets up a new growth leg and revenue stream.
• Order book momentum: Continued success in securing high-value orders (e.g., Tamil Nadu’s 153MW project) solidifies revenue visibility over the coming quarters—an especially important consideration given sector seasonality.
• ESG & regulatory tailwinds: Government mandates for renewable capacity expansion, stricter emission regulations, and ‘Make in India’ schemes are strengthening the competitive moat for local manufacturers such as Inox Wind.
• Financial improvement & ratings upgrade: Disciplined management of leverage and consistent profit growth have culminated in a recent ratings upgrade from CARE, lowering the future cost of capital and potentially opening doors to more cost-efficient project financing.
• Sector dynamics: The shift toward clean energy, coupled with global supply chain realignments (such as reduced cost advantage for Chinese competitors under emerging norms), points to a more level playing field—and expanding opportunities for Indian OEMs.

Collectively, these catalysts heighten the probability of a multi-quarter earnings re-rating and shine a spotlight on Inox Wind as a growth engine in the sector.

Investment Strategies

A granular look at potential entry points reveals attractive positioning for varying time frames:

• Short-term: The stock’s current consolidation above key support levels, juxtaposed with low RSI and stabilizing MACD, make this an excellent candidate for traders seeking technical rebounds in oversold, high-beta assets.
• Medium-term: Upcoming catalysts—including the bonus issue, commissioning of ongoing projects, and anticipated new product launches—create multiple inflection points to capitalize on valuation reratings or volume-driven upside.
• Long-term: For investors with a multi-year perspective aligned with India’s decadal energy transition, Inox Wind’s market position, order pipeline, and strategic alignment with national priorities offer a solid foundation for compounded returns, despite interim volatility.

Optimal positioning may involve staggered entries near current support (₹163–₹169), with incremental additions triggered by positive earnings releases or regulatory pronouncements—ensuring exposure ahead of major upward catalysts.

Is It the Right Time to Buy Inox Wind?

Synthesizing the above, several compelling strengths emerge:

• Consistently improving financial fundamentals and an earnings turnaround
• Structural competitive advantages, from high-tech manufacturing to end-to-end solutions
• Strong macro and sectoral tailwinds favoring renewable energy investments
• Recent technical signals indicating an oversold condition and potential bullish reversal
• Active order intake and forthcoming technology upgrades ready to accelerate revenue and margins

While mindful of valuation and historical volatility, the fundamentals justify renewed interest at current levels. Given the robust outlook for India’s wind energy sector and Inox Wind’s embedded growth levers, the stock seems to represent an excellent opportunity for investors seeking exposure to the clean energy transition.

As India’s renewables story intensifies, Inox Wind may be entering a new bullish phase—poised to benefit from both structural demand drivers and company-specific execution. For investors seeking growth, conviction, and alignment with the megatrend of green energy, Inox Wind deserves to be seriously considered for portfolio inclusion at this pivotal stage.

In this context, the stock stands out as a prime candidate for watchlists and incremental accumulation, with well-defined technical and fundamental triggers supporting a sustained re-rating in the medium to long term.

How to buy Inox Wind stock in India?

Buying Inox Wind stock online is straightforward and secure when you use a regulated broker in India. With just a few clicks, you can become a shareholder thanks to top platforms overseen by SEBI. There are two main ways to invest: you can buy the shares outright (spot/cash buying), or opt to trade using Contracts for Difference (CFDs), which allow you to speculate on price movements without owning the shares. Each approach has different risks and costs. To help you choose, you’ll find a detailed broker comparison further down this page.

Spot buying

A cash or spot purchase means you directly buy and hold Inox Wind shares in your demat account, making you a part-owner of the company. Indian brokers typically charge a fixed commission per order, often between ₹10–₹25, along with nominal transaction and regulatory fees.

Example

Suppose Inox Wind is trading at ₹173 per share (as of May 2025). With an investment of ₹85,000 (approximately $1,000), you could acquire about 490 shares, factoring in a brokerage fee of around ₹420 (approximately $5).
✔️ Gain scenario:
If the share price rises by 10% to ₹190.30 per share, your 490 shares would be worth about ₹93,247.
Result: +₹8,247 gross gain (≈$100), representing a 10% return on your original investment (excluding taxes and minor fees).

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on the price of Inox Wind shares with leverage, without owning the underlying stock. In CFD trading, you mainly pay the “spread” (the difference between buy and sell price) and an overnight financing fee if you hold positions beyond the trading day.

Example

With ₹85,000 ($1,000) and a 5x leverage, you gain exposure to ₹4,25,000 ($5,000) worth of Inox Wind stock.
✔️ Gain scenario:
If Inox Wind’s price rises 8%, your position appreciates by 8% × 5 = 40%.
Result: +₹34,000 gain ($400) on your ₹85,000 ($1,000) stake—excluding spreads and overnight charges.

Final advice

Always compare brokers’ fees, commissions, and trading conditions before choosing where to invest. Some platforms offer lower commissions or better support for CFD trading, while others specialise in long-term cash investments. Ultimately, your choice depends on your investment goals, risk appetite, and preferred trading style. To help you decide, consult the broker comparison table further down this page and select the platform that best matches your requirements and objectives.

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#1

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Eightcap

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Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

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Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

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CFD specialist

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Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

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Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

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Expert in Forex and CFD

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Vantage

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Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Our 7 tips for buying Inox Wind stock

The latest news about Inox Wind

Inox Wind has secured a major 153 MW wind turbine order in Tamil Nadu from a leading renewable energy developer. The deal involves the supply and installation of 51 wind turbines of 3 MW each, signaling robust order inflow and demand for the company’s products in the key southern state market. This order not only enhances Inox Wind’s revenue visibility for the coming quarters but also cements its position as a principal supplier to utility-scale renewable energy projects amid India’s push for accelerated green energy capacity additions.

The company’s Q3 FY24-25 results indicate a substantial financial turnaround, with revenue up 81% and net profit soaring over 10,800% year-on-year. Alongside a notable reduction in interest expenses and an improved operating profit margin of 22.73%, Inox Wind’s earnings per share jumped by over 826% compared to the previous year. This sharp turnaround showcases enhanced operational efficiency, stronger cost controls, and firmer market positioning, contributing to increased investor confidence and reinforcing the stock’s attractiveness within the renewable energy sector.

Inox Wind has announced a 3:1 bonus share issue, with an ex-date set for May 24, 2024, rewarding existing shareholders. This move will increase share liquidity and widen retail participation, often perceived positively by domestic investors. By issuing three new shares for every one held, the company demonstrates its confidence in future growth prospects and adds to the stock’s appeal, especially among retail and institutional market participants seeking to enhance portfolio exposure to India’s green energy transition.

CARE Ratings has recently upgraded Inox Wind’s banking facility ratings, reflecting improved financial strength and sectoral momentum. The upgrade is based on the company's strengthened balance sheet, successful cost optimization, and growing order book, underscoring its resilience in a competitive environment. Improved credit ratings enhance access to finance, lower borrowing costs, and highlight confidence in Inox Wind’s medium-term business prospects, all within the context of India’s policy support for renewables.

Technical indicators currently suggest the stock is in oversold territory, presenting a potential entry opportunity for investors. With a 14-day RSI of 32.28 and the share price trading near the lower end of its recent range, there is technical justification for near-term recovery potential. Additionally, the mildly bullish weekly MACD and supportive moving averages around current levels point to positive short-term sentiment, particularly as the fundamental backdrop remains robust with confirmed new orders and financial improvements.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.