Inox Wind shares slipped despite a strong Q4 FY25 performance. Investors are profit-booking, but analysts stay bullish. Learn about its stock history, growth forecast, and future prospects.
Inox Wind Ltd. recently published its Q4 FY25 results, and the market reacted with a surprising dip in the share price—even though the company posted record profits and revenues. On June 3, 2025, Inox Wind shares were down over 3%, trading at ₹184.34 on the Bombay Stock Exchange (BSE). Let’s explore the reasons behind the dip, understand its historical performance, and examine what lies ahead for the stock.
Q4 FY25 Performance Snapshot
| Metric | Q4 FY25 | Q4 FY24 | Change (%) |
|---|---|---|---|
| Net Profit | ₹190.34 crore | ₹38.7 crore | +391% |
| Total Revenue | ₹1,311 crore | ₹570 crore | +130% |
| EBITDA | ₹255 crore | ₹98 crore | +160% |
| EBITDA Margin | 19.5% | 17.2% | +2.3% |
Despite these solid numbers, the market saw profit booking, with some investors locking in gains from the recent uptrend. However, the company’s future outlook remains strong according to leading brokerage houses.
Why Did the Stock Drop?
Even with record earnings, Inox Wind’s stock price dropped due to:
- Profit booking after a recent rally.
- Short-term investor behavior reacting to the market.
- General volatility in the renewable energy segment.
This reaction, according to experts, does not reflect the stock’s long-term fundamentals.
Stock History and Performance
| Duration | Price Movement | % Return |
|---|---|---|
| 1 Month | ₹180 → ₹184 | +2.2% |
| 6 Months | ₹114 → ₹184 | +61% |
| 1 Year | ₹152 → ₹184 | +20.7% |
| 5 Years | ₹7.9 → ₹184 | +2,245.88% |
Inox Wind has delivered multi-bagger returns over the last five years, making it a stock to watch in India’s renewable energy sector.
Brokerages Stay Bullish
Even after the stock’s dip, top research firms have given positive recommendations:
| Brokerage | Rating | Target Price | Rationale |
|---|---|---|---|
| Nuvama Institutional | Buy | ₹236 | Strong execution & growing order book |
| ICICI Securities | Buy | ₹230 | Healthy growth and margin expansion |
| JM Financial | Buy | ₹216 | Strong financials and renewable demand |
Order Book & Execution Plan
Inox Wind’s current order book stands at 3.2 GW, with FY25 inflows of 1.5 GW. The company has ambitious plans to scale execution:
| Fiscal Year | Execution Target |
|---|---|
| FY26 | 1.2 GW |
| FY27 | 2.0 GW |
This growth plan is expected to boost revenue visibility and strengthen the balance sheet.
Merger With Inox Wind Energy Ltd.
Inox Wind recently received NCLT approval for a merger with Inox Wind Energy Ltd. This move aims to:
- Simplify the corporate structure
- Strengthen financial stability
- Improve operational efficiency
Analysts believe this strategic merger will support long-term expansion.
Sector Outlook
The renewable energy sector in India is booming, with government policies favoring wind and solar energy. Inox Wind is well-positioned to benefit from:
- Government’s 500 GW renewable energy goal by 2030
- Rising demand from corporate power purchase agreements
- Increasing investor interest in green energy stocks
Should You Buy Inox Wind Stock Now?
Here’s a quick Pros and Cons table:
| Pros | Cons |
|---|---|
| Strong Q4 earnings and growing order book | Short-term volatility from profit booking |
| Positive brokerage outlook | Sector competition and policy shifts |
| Strategic merger improving financial health | Execution risk of high-capacity projects |
| Massive 5-year returns indicate long-term value | Valuations may appear stretched to some |
Investor Tip: If you believe in India’s renewable energy push, buying the dip in Inox Wind could be a smart move. Just ensure your risk appetite aligns with your investment horizon.
What’s Next for Inox Wind?
Analysts expect:
- Stronger revenue in FY26, driven by faster execution
- Better cost efficiency from merger synergies
- Continued interest from institutional investors
- Gradual upward movement in share price as earnings grow
Final Thoughts
Inox Wind is at a key inflection point. The Q4 FY25 results confirm the company’s capability to scale profitably. While the recent dip may spook short-term traders, long-term investors could see this as a rare opportunity to enter a high-growth stock.
With strong broker ratings, robust order books, and strategic restructuring, Inox Wind could continue to be a windfall for patient investors.
