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You’d expect a stock to rally after posting a four-fold jump in profit. But Inox Wind is proving to be an exception.
Despite reporting a 302 per cent surge in net profit for Q4 FY25 and doubling its revenue, the stock slipped 2.1 per cent on the BSE on Monday (June 2, 2025).
Solid results, yet the market isn’t chasing it, for now.
Q4 FY25 results snapshot
| Metric | Q4 FY25 | Q4 FY24 | YoY change |
|---|---|---|---|
| Revenue | Rs 1,274.8 crore | Rs 527 crore | 142 per cent |
| Net profit | Rs 186.9 crore | Rs 46.5 crore | 302 per cent |
| EBITDA | Rs 227 crore | Rs 98.7 crore | 130 per cent |
| EBITDA margin (%) | Rs 18.2 crore | Rs 18.7 crore | -0.5 percentage points |
| Execution (MW) | Rs 705 crore | - | - |
What’s more, Inox Wind has announced a dividend of Rs 1.5 per share. A merger with Inox Wind Energy has also been greenlit, which may have led to strong Q4 results.
So, why are the shares sliding?
Inox Wind’s profit was high, but expectations were higher. Margins slightly slipped compared to the previous year, and FY25 execution didn’t meet targets. Investors likely booked gains after the stock’s earlier run-up.
And yes, market sentiment still seems selective – even good results need a better story.
What Inox Wind does
Inox Wind is a key player in India’s wind energy space. The company manufactures wind turbine generators and provides comprehensive turnkey solutions, encompassing supply, erection, and long-term maintenance. It’s part of the INOXGFL Group and plays a supporting role in India’s renewable energy push.
Below is a table summarising its fundamentals.
| Metric | Value |
|---|---|
| Market cap | Rs 25,424 crore |
| ROE | - 3 per cent |
| ROCE | 4.4 per cent |
| P/E ratio | 56.7 |
| P/B ratio | 5.4 |
| Book value | Rs 36.3 |
| EPS | Rs 3.5 |
Value Research ratings
According to Value Research Online, Inox Wind has a dismal rating of 1/5.
Here’s how it scores on other parameters.
- Quality: 1/10
- Growth: 5/10
- Valuation: 1/10
- Momentum: 6/10
The bottom line
Inox Wind’s fundamentals are blowing in the right direction—profit, pipeline, and policy support. But the market wants more: consistent execution, margin stability, and clarity on integration post-merger.
It’s a watchlist stock for now, not yet a runaway rally.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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