Synopsis:
Inox Wind’s Q1FY26: income up 29% YoY to Rs. 826 crore, down 35% QoQ; web revenue up 131% YoY to Rs. 97 crore, down 49% QoQ; order guide ~3.1GW.
A number one wind power options supplier recognized for manufacturing wind turbine mills and turnkey EPC-O&M providers, this firm simply posted quarterly metrics. Revenue surged 131% YoY with a 3.1 GW order guide, and shares rose on revenue development.
Inox Wind Restricted’s inventory, with a market capitalisation of Rs 23,979 crores, rose to Rs. 144, hitting a excessive of 5 % from its earlier closing worth of Rs 137.03. Nonetheless, the inventory over the previous yr has given a detrimental return of 35 %.
Overview of Order E book
IWL’s present order guide is about 3.1 GW, giving sturdy income visibility for the following 2–3 years. From an FY26 opening of three,203 MW, there have been 51 MW of web additions and 146 MW of provides delivered, resulting in a present 3,108 MW order guide.
The combo is effectively diversified: 55% (1,699 MW) are end-to-end turnkey initiatives and 45% (1,406 MW) are equipment-supply orders, together with some with limited-scope EPC. New buyer First Vitality has been added alongside NTPC, CESC, NLC India, Hero Future Energies, Inox Clear Vitality, Continuum, Integrum, and Amplus.
Additionally Learn: Infra inventory jumps 5% after receiving ₹1,402 Cr orders for energy transmission & different initiatives
Goal by Nuvama
Nuvama Institutional Equities has maintained a ‘Purchase’ score on Inox Wind Ltd. however lowered its goal worth from Rs. 236 to Rs. 190, suggesting a possible upside of 40% from the present worth. This adjustment follows Inox Wind’s Q1 FY26 outcomes, which confirmed a 32% year-on-year income improve and a 134% surge in web revenue, regardless of a Rs. 40 crore non-cash deferred tax cost.
The corporate executed 146 MW, beneath the anticipated 180 MW, however achieved a powerful 22.2% EBITDA margin because of a product-heavy combine. Nuvama lowered its FY26E/27E execution forecasts to 1.1 GW/1.8 GW from 1.2 GW/2 GW.
Q1 Monetary Replace
In Q1FY26, the corporate reported income of Rs. 826 crore, up 29% YoY from Rs. 640 crore in Q1FY25 however down 35% QoQ towards Rs. 1,275 crore in Q4FY25. Revenue for the quarter stood at Rs. 97 crore, reflecting a powerful 131% YoY development from Rs. 42 crore however a 49% decline QoQ versus Rs. 190 crore within the earlier quarter.
Over the past three years, the corporate has delivered a strong revenue CAGR of 43% and a gross sales CAGR of 79%, highlighting constant development. Nonetheless, the ROE CAGR over three years is -4%, suggesting declining capital effectivity regardless of sturdy earnings momentum.
Written By Fazal Ul Vahab C H
Disclaimer
The views and funding suggestions expressed by funding specialists/broking homes/score companies on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a danger of economic losses. Buyers should due to this fact train due warning whereas investing or buying and selling in shares. Commerce Brains Applied sciences Non-public Restricted or the creator should not chargeable for any losses prompted on account of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.
