Inox Wind Ltd — 100 MW Order Win Puts This Renewable Energy Stock Back in Focus (Nov 2025)

Introduction

Inox Wind Ltd (NSE: INOXWIND), one of India’s leading wind energy OEMs(Original Equipment Manufacturers), is back in the spotlight after securing a 100 MW equipment supply order from a major green-energy transition platform.

The company will supply its advanced 3.3 MW Wind Turbine Generators (WTGs) for projects in Gujarat, along with limited-scope EPC(Engineering, Procurement and Construction) services and multi-year O&M(Operations and Maintenance) contracts, strengthening long-term revenue visibility.

This development comes shortly after Inox Wind announced 229 MW of fresh orders earlier this month, taking FY26 inflows to nearly 400 MW.

With order inflow accelerating and Q2/H1 FY26 results due on 14 November 2025, Inox Wind’s share price is expected to remain active.
The stock last closed at Rs.150.60, with a market cap of Rs. 26,027 crore on 12th Nov ,2025.

Now, let’s dive deep into the company’s business, fundamentals, growth trajectory, and what investors should know.

 

About the Company

Inox Wind Ltd is part of the Inox GFL Group, one of India’s diversified industrial groups. The company is a fully-integrated wind energy solutions provider, manufacturing WTGs and offering turnkey services to IPPs(Independent Power Producer), utilities, corporations, and retail renewable players.

 

Business Profile

Inox Wind provides complete wind-power solutions including:

• Manufacturing of Wind Turbine Generators (2 MW & 3 MW)
  
  

• Developing next-gen 4.X MW WTG platform (commercial launch upcoming)
  
  

• Nacelles, hubs, rotor blades, tubular towers
  
  

• Wind resource assessment & site acquisition
  
  

• Turnkey EPC support
  
  

• Long-term Operations & Maintenance (O&M)
  
  

Its OEM range includes Inox DF 93, DF 100 and DF 113 series — known for higher efficiency and low cost of energy.

 

Key Facts

 

Inox Wind Moves in 2025

Major Updates This Year

• November 2025 – Bags 100 MW new order for 3.3 MW WTGs in Gujarat.
  
  

• November 2025 (early) – Secured 229 MW orders:
  
  

• 60 MW from a leading Indian IPP
  
  

• 69 MW repeat order from a renewable energy major for Maharashtra
  
  

• FY26 Total inflow (till Nov) – ~400 MW
  
  

• H1 FY26 Results – To be announced on 14 November 2025
  
  

• Q1–Q2 FY26 – Improved profitability with strong turnaround momentum
  
  

• 2025 – Working on ramping production for upcoming 4.X MW turbine platform
  
  

• 2025 – Promoters optimized debt structure; company guided for strong execution pipeline
  
  

 

Evolution of Inox Wind (Year-by-Year Journey)

 

Financial Performance Overview

Quarterly Results Snapshot

Inox Wind has delivered five consecutive profitable quarters — a significant turnaround after years of losses.

 

Yearly Financial Comparison (FY24 vs FY25)

 

Balance Sheet Highlights

Insight:
Debt continues to reduce; strong asset expansion shows capacity enhancement.

 

Cash Flow Summary

A significant shift to positive operating cash flow in FY25 indicates improving financial health.

 

Shareholding Pattern (Sep 2025)

 

Peer Comparison

While Inox Wind is significantly smaller, it is growing faster due to industry tailwinds.

 

Upcoming Plans

• Q2 & H1 FY26 Results: To be announced on 14 Nov 2025
  
  

• 4.X MW WTG: Commercial launch scheduled soon
  
  

• Debt Rationalisation: Ongoing through cash flows & asset optimisation
  
  

• Order Book: Guided visibility for next 18–24 months
  
  

• No Dividend: INOXWIND has not given any dividends in last 5 years
  
  

• O&M Expansion: High-margin business area focus
  
  

Corporate Actions

 

Strengths & Risks

Strengths

• Strong turnaround with 5 profitable quarters
  
  

• FY25: Revenue doubled, profit surged
  
  

• Untapped demand in India’s renewable corridor
  
  

• Strong order pipeline (~400 MW FY26 so far)
  
  

• Integrated manufacturer — cost advantage
  
  

Risks

• High working capital cycle (276 debtor days)
  
  

• Promoter stake reduced over last 3 years
  
  

• Industry dependent on regulatory incentives
  
  

• Stock volatile due to high FII activity
  
  

 

Market Performance & Sentiment

• CMP: Rs. 149
  
  

• 52-week high: Rs. 211
  
  

• 52-week low: Rs. 128
  
  

• Trading 28% below 52-week high
  
  

• Stock lost 24% over last year — despite business recovery
  
  

• Analysts expect re-rating upon sustained profitability
  
  

 

Strategic Outlook (2026 & Beyond)

• India’s hybrid & wind-solar policy is driving WTG demand
  
  

• Stronger O&M focus to boost predictable cash flows
  
  

• 4.X MW turbines to make Inox competitive against global OEMs
  
  

• Order book visibility for next 2 years enhances stability
  
  

 

Investor View

Short-Term Traders

Expect volatility ahead of order announcements & earnings
Strong momentum potential on breakout above Rs. 160–165

 

Long-Term Investors

FY25–FY26 marks the start of a structural turnaround
Valuation at P/E 50 is high, but growth supports it
Watch debt reduction, order execution, 4.X MW launch

Bottom Line:
Inox Wind is transitioning from a stressed asset to a renewable energy comeback story with accelerating growth, improving profitability, and strong visibility.

 

Frequently Asked Questions (FAQ)

1. Why is Inox Wind stock in focus now?
Because it secured a 100 MW order, adding to its recent 229 MW order wins, taking FY26 inflow near 400 MW.

 

2. Is the company profitable now?
Yes. It recorded profits in five consecutive quarters.

 

3. What is the key growth driver?
India’s wind power expansion and commercial launch of 4.X MW turbines.

 

4. Is the company debt-free?
No — but debt has reduced to Rs.1,500 crore from earlier highs.

 

5. Does Inox Wind pay dividends?
No. All profits are reinvested for expansion.

 

Conclusion

Inox Wind Ltd is emerging as one of India’s strongest renewable energy turnaround stories.
With rising order wins, improving margins, and a strong pipeline, the company is positioned to benefit significantly from India’s clean energy shift.

The next 18–24 months will be crucial as it executes pending orders, stabilizes cash flows, and scales its next-generation turbine platform.

 

Check our ORCA app to analyze Inox Wind Ltd stocks' performance:

Inox Wind Ltd Share Price Today

Inox Wind Technical Analysis

Inox Wind Future Price

Inox Wind Financial Statements 

Inox Wind Shareholding Pattern

Inox Wind Latest Corporate News

Inox Wind Stock/Company Overview

 

Related Stocks

Siemens

ABB

BHEL

Hitachi Energy

CG Power and Industrial Solutions Ltd

 

Disclaimer:  This blog is dedicated exclusively for educational purposes. Please note that the securities and investments mentioned here are provided for informative purposes only and should not be construed as recommendations. Kindly ensure thorough research prior to making any investment decisions. Participation in the securities market carries inherent risks, and it's important to carefully review all associated documents before committing to investments. Please be aware that the attainment of investment objectives is not guaranteed. It's important to note that the past performance of securities and instruments does not reliably predict future performance.