Inox Wind's Ebitda margins stood robust at 22% in Q1 FY26. It has revised the Ebitda margin guidance upwards, from 17-18% to 18-19% for FY26 post strong Q1 performance, along with initiatives like 1,200 MW of New Nacelle plant and Hub manufacturing unit in Gujarat and deployment of the first set of cranes on project sites.
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Axis Securities Report
We assign a target P/E multiple of 30 times (Unchanged) to our FY27 EPS estimate of Inox Wind Ltd. After adjusting for the minority stake in Inox Green Energy Services Ltd. and Resco Global (~7%), we arrive at a target price of Rs 190/share.
We maintain our Buy rating on the stock, with a potential upside of 35% from the current market price.
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