Inox Wind Ltd And Suzlon Energy: In the field of wind energy on the stock market, Inox Wind Ltd and Suzlon Energy shares are always on the radar.
Suzlon’s share is making an increase after a dip and Inox Wind’s share is also experiencing a rebound after delivering multibagger gains.
In the realm of renewable energy, these two stocks are the first to be on everyone’s list. Investments are attracted by two businesses Suzlon Energy and Inox Wind.
Both companies’ shares have yielded multibagger profits which have allowed investors to earn lots of wealth within a short amount of period.
Suzlon Energy’s share price was trading at Rs 67.32 in the afternoon on Friday. Its market capitalization is Rs 92 thousand crore.
Suzlon has earned a profit of 3200 percent over five years.
Similar to Suzlon, Inox Wind’s share also allowed its shareholders to enjoy huge gains in terms of yields which have increased by 42 percent in the last six months and 58 percent until 2024.
Inox Wind’s share has increased 141 percent over the past year. In the last couple of years, the company has increased by the rate of 570 percent.
The price of Inox Wind’s stock has risen by 1984 percent over the last five years.
Can Inox Wind’s share continue to experience a stunning rise and can they match the massive returns provided to shareholders of Suzlon Energy’s share?
Inox Wind Financials
A renewable energy business Inox Wind posted its strongest quarter-end financial results in eight years.
In announcing its quarterly earnings for the July to September 2024 timeframe, Inox Wind said that its balance sheet is now at an overall net cash position.
The company’s operating cash flow was positive.
Inox Wind also signed an agreement of consortium with banks to provide loans of approximately Rs 2200 crore.
The funds were mostly unfunded base (BG and the LC) and approved based on the strength of IWL’s financial balance sheet, without any support from the group.
The company is expected to record its best-ever year-end earnings in FY25. The company’s orders book is at -3.3 GW, up 161 percent over the previous year, and comprises a mix that includes PSU, IPP, C&I as well as retail customers.
Strengths Of Inox Wind
Inox Wind is one of the biggest wind energy companies in the Indian subcontinent.
It has deep manufacturing and expertise in project development and execution which has helped it gain a foothold in the mixed RE technology market.
The share of Inox Wind Limited traded at Rs 207 the previous Friday. Its capitalization is Rs 27,073.28 crore.
On Friday Inox Wind’s share ended at Rs 207 in the BSE with an increase in the amount of 1.64 percent.
Quick Fact
Company name: Suzlon Energy
| Suzlon Energy | Details |
|---|---|
| Share rise (5 years) | 3200% |
| Market cap | ₹92,000 crore |
| Sector focus | Renewable energy |
Company name: Inox Wind
| Inox Wind | Details |
|---|---|
| Share rise (6 months) | 42% |
| Share rise (2024) | 58% |
| Share rise (1 year) | 141% |
| Share rise (5 years) | 1984% |
| Share rise (few years) | 570% |
| Recent financials | Strongest quarter in 8 years |
| Operating cash flow | Positive |
| Loan consortium | ₹2200 crore |
| Orders book growth | 161% |
| Orders book size | 3.3 GW |
| Orders mix | PSU, IPP, C&I, retail |
| FY25 expectation | Best-ever earnings |
| Business scope | Wind energy |
| Capabilities | Manufacturing, project execution |
| Market cap | ₹27,073.28 crore |
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