Inox Wind Limited is a fully integrated player in India’s wind energy sector, engaged in the design, manufacturing, and supply of wind turbine generators (WTGs), as well as end-to-end project execution and operations & maintenance services. Headquartered in Gurugram and part of the Inox Group, the company has re-emerged as a key beneficiary of India’s renewable energy push—targeting 500 GW of non-fossil capacity by 2030. As of January 2026, Inox Wind is delivering explosive growth: 270.28% YoY profit growth and 120.48% sales growth, driven by strong order inflows and policy tailwinds. However, it carries moderate debt and trades at a premium valuation. This article provides a data-driven outlook on the Inox Wind share price target 2026–2030.
Inox Wind: Company Overview
- Founded: 2009
- Managing Director: Mr Kailash Gupta
- NSE Symbol: INOXWIND
- Core Segments:
- Wind Turbine Manufacturing (2 MW, 3 MW, and 4. X MW platforms)
- Project Development & EPC
- Operations & Maintenance (O&M)
- Market Position: Among India’s top 3 WTG suppliers; holds ~10% domestic market share
Inox Wind benefits from long-term visibility under government auctions, PLI scheme incentives, and rising corporate demand for green power.
Inox Wind: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹106.75 |
| Market Capitalization | ₹18,473.13 Cr |
| No. of Shares Outstanding | 172.82 Cr |
| P/E Ratio (TTM) | 31.71 |
| P/B Ratio | 3.02 |
| EPS (TTM) | ₹3.37 |
| Book Value (TTM) | ₹35.34 |
| ROE | 9.96% |
| ROCE | 11.62% |
| Dividend Yield | 0.00% |
| Face Value | ₹10 |
| Cash | ₹143.60 Cr |
| Debt | ₹1,050.83 Cr |
| Promoter Holding | 44.18% |
| Sales Growth (YoY) | 120.48% |
| Profit Growth (YoY) | 270.28% |
Inox Wind Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹118 – ₹134 |
| 2027 | ₹130 – ₹152 |
| 2028 | ₹142 – ₹172 |
| 2029 | ₹154 – ₹194 |
| 2030 | ₹166 – ₹218 |
Inox Wind Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹118 | ₹134 |
Inox Wind reported 270.28% YoY profit growth and 120.48% sales surge in FY2025, reflecting robust execution of its 2.5 GW order book. Trading at a P/E of 31.7x and P/B of 3.0x, the stock is fairly valued for a high-growth renewable player. The 2026 target range assumes continued delivery momentum and no major supply chain disruptions.
Inox Wind Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹130 | ₹152 |
If the company sustains 30–35% earnings growth and benefits from new 4. X MW platform launches, EPS could reach ₹3.80–₹4.10 by FY27. Assuming a P/E of 32–34x, the 2027 target range is justified.
Inox Wind Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹142 | ₹172 |
By 2028, benefits from higher-margin large turbines and O&M annuity income should reflect in margins. A P/E of 33–35x on projected EPS of ₹4.10–₹4.50 supports the ₹142–₹172 band.
Inox Wind Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹154 | ₹194 |
Long-term tailwinds include India’s 30 GW annual wind addition target and global decarbonization trends. If competition doesn’t erode pricing, EPS could reach ₹4.50–₹4.90 by FY29. At a P/E of 34–36x, the 2029 target is ₹154–₹194.
Inox Wind Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹166 | ₹218 |
Over a five-year horizon, Inox Wind remains a strategic play on India’s clean energy transition. A terminal P/E of 35–38x on FY30 EPS (~₹4.80–₹5.30) justifies the ₹166–₹218 range.
Inox Wind: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 44.18% |
| Public & Retail | 31.41% |
| Foreign Institutional Investors (FII) | 14.16% |
| Domestic Institutional Investors (DII) | 10.25% |
High institutional ownership (24.4%) reflects confidence in management execution and sector outlook.
Inox Wind: Strengths vs Risks
Strengths:
- Explosive growth in sales and profits
- Strong order book (>2.5 GW) with multi-year visibility
- Technology leadership in 3 MW+ turbines
- Backed by the reputable Inox Group
Risks:
- Not debt-free (Debt: ₹1,051 Cr; Debt/Equity: ~0.3x)
- ROE (9.96%) lags behind Suzlon (41.4%)
- High debtor days (276) strain working capital
- No dividend history limits income appeal
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High |
| Ideal Time Horizon | 5+ years |
| Volatility | Very High (Beta > 1.5) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Aggressive investors betting on India’s wind energy boom |
- Suzlon: Higher ROE (41% vs 10%), zero debt, and a stronger balance sheet
- Inox Wind: Faster revenue growth (120% vs 75%) and a more aggressive technology roadmap
Final Verdict
Inox Wind is a high-momentum, high-volatility play on India’s wind energy revival. While not as financially robust as Suzlon, it offers compelling upside given its growth trajectory and technology edge.
Our Inox Wind share price target 2026–2030 (₹118 to ₹218) reflects steady earnings growth, multiple stability, and sustained investor confidence. Upside is substantial if execution continues; downside is cushioned by policy support.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Inox Wind Consolidated Page (FY2025 + TTM)
- Finology Ticker – INOXWIND Financials & Analysis
- Ministry of New & Renewable Energy – National Wind Mission 2025
- Inox Wind Investor Presentation (Q3 FY26, Jan 2026)
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
