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Inox Wind Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030

5 Dariya News

14-Sep-2024

All Indian enterprises in the renewable energy sector benefit from the good initiatives of the Government of India in this field. Inox Wind Limited is one such business. This business develops solutions for wind turbines. The country's wind energy industry is multiplying, which has led to Inox Wind's share price setting a new high. 

Recently, sources reported that Inox Wind shares have increased significantly by 19.6%. As a result, Inox Wind share price target has now reached an all-time high in the market, which is ₹ 209 per share. This increase comes after the business's stellar June quarter performance. 

The firm provides wind energy-related services, including solution work and infrastructure construction, operation, maintenance, and upkeep. If you also want to know Inox Wind Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, and 2030. So please read this article completely.

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About Inox Wind Company

A division of the INOX Group, INOX Wind Limited is an Indian supplier of wind energy services headquartered in Noida, India. The diversified INOX Group of companies, which operates in many industries including industrial gases, refrigerants, engineering plastics, chemicals, carbon credits, cryogenic engineering, renewable energy, and entertainment, has INOX Wind Limited as a subsidiary. Wind turbine generators (WTG) are produced by INOX Wind Limited, which also provides services including site acquisition, infrastructure development, wind resource assessment, construction and commissioning, and long-term operation and maintenance of wind power projects.

Inox Wind Shares Current Performance And Market Indicators

Open Price: ₹249.00

Today’s Low Price: ₹240.45

Today's High Price: ₹253.17

Current Price: ₹250.99

Market capitalization: ₹32,830 crore

P/E Ratio: 434.14

ROE: -1.52%

Dividend Yield: 0.00%

52-Week Low: ₹47.05

52-Week High: ₹253.17

Price Change Over the Past Year: +201.19 (404.00% Increase)

Over the past year, Inox Wind shares have performed exceptionally well. At ₹250.99, its price has risen 404% from its 52-week low of ₹47.05. With a strong uptrend, the stock started at ₹249.00 today and hit a high of ₹253.17, which is also its 52-week high. The firm has a P/E ratio of 434.14, indicating overvaluation concerns, and a negative return on equity (ROE) of -1.52%, which underlines operational inefficiencies despite this remarkable price rise. With no dividend yield and a market value of ₹32,830 crore, the firm prioritizes reinvestment over shareholder distributions.

Inox Wind Share Price Target 2024

By the end of 2024, the Inox Wind share price target is expected to reach ₹270. This target is based on the company's growth this year and its growing participation in India's sustainable energy industry.

Inox Wind Share Price Target 2025

According to some market reports, the target of Inox Wind's share price can go up to ₹300 by 2025. Inox Wind has strengthened its position in the fast-growing Indian wind energy market by increasing its production capacity and developing new 3 MW and 4 MW wind turbines for low wind locations.

Inox Wind Share Price Target 2026

The company intends to expand by adding new items, increasing its efficiency, and customizing and manufacturing wind turbines for India's low wind speeds. Inox Wind's financial acumen and commitment to renewable energy sources will help it expand its future. It has a pricing target of ₹390 in 2026.

Inox Wind Share Price Target 2027

By 2027, the target Inox Wind's share price is expected to reach ₹500. This target is based on India's sustainable energy needs as well as the future growth of the Inox wind company.

Inox Wind Share Price Target 2028

INOX Wind's projects have created many job opportunities across the country in the field of renewable energy. This will also help a lot in growing the country's economy and boosting sustainable growth. If we talk about the target of the Inox wind share price by 2028, then it is expected to go up to ₹650.

Inox Wind Share Price Target 2029

The efforts made by the Indian government to promote renewable energy have been extremely beneficial for Inox Wind. These regulations, along with wind energy objectives and incentives, will continue to impact the company's growth and share price. Taking all these things into account, the target price of Inox Wind shares in 2029 can go up to ₹800.

Inox Wind Share Price Target 2030

In 2029, Inox Wind's share price is projected to reach ₹900. This target is determined by both the organization's long-term growth potential and India's demands in terms of sustainable energy. A key factor in the company's growth potential is its ability to absorb new technology. This also plays a key role in its expansion into wind-powered communities.

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Inox Wind Shareholding


Sep 2023

Dec 2023

Mar 2024

May 2024

Jun 2024

Promoters

64.64%

52.87%

52.87%

52.87%

48.27%

Retail and Other

25.31%

28.53%

27.39%

27.58%

28.48%

Foreign Institutions

3.48%

9.49%

9.46%

10.33%

13.17%

Mutual Funds

6.04%

8.94%

8.32%

7.25%

7.25%

Other Domestic Institutions 

0.52%

0.16%

1.95%

1.97%

2.13%

The Inox Wind shareholding chart is referred to from the Groww website.

Inox Wind Balance Sheet

Balance Sheet of Inox Wind (in Rs. Cr.)

Mar 24

Mar 23

Mar 22

Mar 21

Mar 20


12 mths

12 mths

12 mths

12 mths

12 mths

EQUITIES AND LIABILITIES






SHAREHOLDER'S FUNDS






Equity Share Capital

325.95

325.95

221.92

221.92

221.92

Total Share Capital

325.95

325.95

221.92

221.92

221.92

Reserves and Surplus

1,764.78

1,995.55

1,093.62

1,366.81

1,562.49

Total Reserves and Surplus

1,764.78

1,995.55

1,093.62

1,366.81

1,562.49

Total Shareholders Funds

2,090.73

2,321.50

1,315.53

1,588.72

1,784.41

NON-CURRENT LIABILITIES






Long Term Borrowings

16.92

157.07

99.03

197.38

0.47

Deferred Tax Liabilities [Net]

0

0

0

0

0

Other Long Term Liabilities

2.68

12.52

7.65

13.44

13.77

Long Term Provisions

9.32

8.46

8.38

8.97

6.38

Total Non-Current Liabilities

28.92

178.05

115.07

219.79

20.61

CURRENT LIABILITIES






Short Term Borrowings

2,547.40

1,296.87

665.26

633.72

510.15

Trade Payables

315.83

378.15

357.1

579.99

651.93

Other Current Liabilities

306.42

543.69

1,093.30

1,187.86

1,165.65

Short Term Provisions

1.59

1.25

1.28

0

0

Total Current Liabilities

3,171.24

2,219.96

2,116.93

2,401.57

2,327.73

Total Capital And Liabilities

5,290.89

4,719.51

4,465.88

4,210.08

4,132.75

ASSETS






NON-CURRENT ASSETS






Tangible Assets

447.98

376.23

374.66

407.44

432.02

Intangible Assets

0

38.89

15.75

19.49

23.99

Capital Work-In-Progress

0

7.23

9.81

2.57

6.98

Other Assets

0

0

0

0

0

Fixed Assets

447.98

422.35

400.22

429.5

463

Non-Current Investments

1,456.91

1,256.92

1,087.39

394.72

384.38

Deferred Tax Assets [Net]

459.21

459.21

459.21

310.02

203.19

Long Term Loans And Advances

0

0

0

2.48

1.48

Other Non-Current Assets

356.96

151.22

126.77

88.1

76.15

Total Non-Current Assets

2,721.06

2,289.69

2,073.58

1,224.82

1,128.20

CURRENT ASSETS






Current Investments

0

200.8

200

102.85

120.28

Inventories

828.62

694.06

571.29

561.85

634.62

Trade Receivables

1,047.12

737.51

868.55

1,183.27

1,364.66

Cash And Cash Equivalents

38.68

144.84

94.74

112.85

143.21

Short Term Loans And Advances

293.32

90.47

135.66

513.06

382.38

OtherCurrentAssets

362.09

562.14

522.06

511.38

359.4

Total Current Assets

2,569.83

2,429.81

2,392.30

2,985.26

3,004.55

Total Assets

5,290.89

4,719.51

4,465.88

4,210.08

4,132.75

OTHER ADDITIONAL INFORMATION






CONTINGENT LIABILITIES, COMMITMENTS






Contingent Liabilities

0

926.56

792.56

576.31

617.51

CIF VALUE OF IMPORTS






Raw Materials

0

0

0

0

0

Stores, Spares And Loose Tools

0

0

0

0

0

Trade/Other Goods

0

0

0

0

0

Capital Goods

0

0

0

0

0

EXPENDITURE IN FOREIGN EXCHANGE






Expenditure In Foreign Currency

0

342.84

172.78

122.52

82.38

REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS






Dividend Remittance In Foreign Currency

--

--

--

--

--

EARNINGS IN FOREIGN EXCHANGE






FOB Value Of Goods

--

--

--

--

--

Other Earnings

--

--

--

--

--

BONUS DETAILS






Bonus Equity Share Capital

--

160

160

160

160

NON-CURRENT INVESTMENTS






Non-Current Investments Quoted Market Value

--

--

--

--

--

Non-Current Investments Unquoted Book Value

--

--

--

--

504.66

CURRENT INVESTMENTS






Current Investments Quoted Market Value

--

--

--

--

--

Current Investments Unquoted Book Value

--

--

--

--

--

This balance sheet is referred to from the MoneyControl website.

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Conclusion

Things are going well for Inox Wind right now. The company has made a significant recovery following the COVID-19 pandemic, as can be seen from the rising price of its stock over the past few years. The company is within a very strong industry. The prospects for expansion for a renewable energy company are quite good.

FAQs

1. Is it good to buy Inox Wind Share?

This company has shown very good growth in the market for some time. If you want to buy its shares, you can buy them. Apart from this, Axis Securities has also advised to buy shares of Inox Wind with a target price of Rs 270.

2. What is the product of Inox Wind Energy?

Inox Wind Company's products are Green Power Cell (GPS), Project Management Services (PMS), Asset Management Services (AMS), and Value Addition Services (VAS).

3. Who is the owner of Inox?

Mr. Pavan Jain, Chairman of the INOX Group.

4. What is the debt of Inox Wind?

As of 2024, INOX Wind Company has a debt of ₹32.68 billion.

Disclaimer

This article is just for informational purposes. Forecasting of the share price targets is based on and referred to from various sources, media reports, and predictions done by brokerage houses from time to time. 

We also state that we are not SEBI-registered financial advisors. So, kindly, before taking any kind of investment in the shares, please do counsel with the certified financial advisories. 

If you have any corrections or find any wrong information, do let us know at our official contact@5dariyanews.com.