Inox Wind Ltd (INOXWIND)

Inox Wind Board Approves Bonus Issue; Turns Profitable in Q3 FY23-24 - 25 Apr, 2024

Inox Wind Ltd's board has approved a 3:1 bonus issue, enhancing liquidity and broadening participation of investors. ICICI Securities' positive outlook on renewable energy also bodes well for the company. In addition, Inox Wind turned profitable in Q3 FY23-24.

Inox Wind Plans Bonus Share Issuance, Secures 210 MW Order from HFE - 24 Apr, 2024

Inox Wind plans to issue bonus shares and recently secured a substantial order for the supply of 210 MW of wind turbine generators (WTGs) from Hero Future Energies. The company's ongoing success in the renewable energy sector is highlighted by this repeat order for its 3 MW Wind Turbine series.

Inox Wind Board Considers Bonus Share Proposal; Stock Jumps 9% - 23 Apr, 2024

Inox Wind Ltd's board is set to consider issuing bonus equity shares, leading to an 8% surge in share prices. The company has seen significant growth in revenue and profits, with a multibagger return of 488% to shareholders in one year. Anand Rathi predicts further success for the company due to its strong order book and debt reduction.

Inox Wind Ltd Share Price Soars with Strong Revenue Growth - 20 Apr, 2024

Inox Wind Ltd's share price has gained 28% in the last month and 471% in the last year, thanks to impressive revenue growth of 107% last year and an estimated growth of 183% next year. The company's strong revenue outlook is contributing to its high P/S ratio, but shareholders are confident future revenues aren't under threat.

Inox Wind Bags Repeat Order for 210 MW Project - 19 Apr, 2024

Inox Wind secures a repeat order for the supply of 210 MW of wind turbine generators (WTGs) from Hero Future Energies, one of India's leading renewable energy players. The company will also provide post-commissioning multi-year operations and maintenance services. Inox Wind has witnessed substantial revenue growth, surging by 122% annually, and turned around net losses to profits during Q3FY24. Shares have delivered multibagger returns in the last six months.

Analysts Initiate Coverage of Inox Wind Ltd with Buy Ratings - 13 Apr, 2024

Inox Wind Ltd is expected to benefit from the huge acceleration in wind-energy capacities, limited competition, and government policy measures. Analysts initiate coverage with Buy ratings based on 30 times FY26e price to earning.

Analysts Bullish on Inox Wind's Growth Prospects - 12 Apr, 2024

Domestic brokerages Anand Rathi and Systematix Institutional Equities have initiated coverage on Inox Wind Ltd with Buy ratings. The company is expected to benefit from the upturn in the wind energy sector, with a projected market size of 5GW-8GW in FY25/FY26. Analysts expect strong earnings growth and delivery assurance for FY25/FY26, with Inox Wind positioned to deliver strong free cash flows.

Inox Wind Aims to Execute 800 MW in FY25 - 09 Apr, 2024

Inox Wind has picked up 2 GW worth of orders in the last six months, and as of Q3 FY24, its net order book stood at 2,575 MW with a revenue potential of approximately Rs 15,450 crore. The company aims to execute 800 MW in FY25.

BSE Increases Circuit Limit for Inox Wind Ltd and Other Stocks - 05 Apr, 2024

The BSE has increased the circuit limit for 331 stocks, including Inox Wind, to 10% from 5%. The revised price band will be effective on April 5.

Anand Rathi Assigns Buy Rating to Inox Wind - 28 Mar, 2024

Anand Rathi has initiated coverage on Suzlon Energy and Inox Wind, assigning them Buy ratings. The firm has set a target price of ₹590 for Inox Wind. With its complete integration in the wind energy sector, Inox Wind is poised to reap the rewards of the sectors upswing.

Anand Rathi Initiates Coverage on Inox Wind with Buy Rating - 27 Mar, 2024

Anand Rathi has initiated coverage on Inox Wind with a Buy rating, citing the renewed focus on the wind-energy sector amid ambitious growth plans by the government. The brokerage firm has set a target price of Rs 590 on Inox Wind.