Inox Wind Ltd (NSE: INOXWIND): Inox Wind Limited, a company offering Wind energy services, has been awarded another order of 87 megawatts of wind energy from Continuum Green Energy. The company has informed exchanges of this.
After this information, Inox Wind Ltd’s share turned from red to green on Tuesday. After opening at Rs 206, Inox Wind Energy’s share fell sharply to Rs 202.81. The share was trading at Rs 199.60 with a slight increase.
Inox Wind’s Share Price History
In the past year, Inox Wind has given an overall yield of 211.68%. Its 52-week high is Rs 261.90 and low is Rs 60.20.
In the past five-year period, this investment has yielded an impressive return of 2,307.72%. Five years ago, the price of one of its shares was Rs 8.29. This year (YTD) it has given a return of more than 52.26%.
As per the firm, the new order by Continuum will be for Inox Wind’s three MW Wind Turbine Generator (WTG) and will be executed on a turnkey, end-to-end basis.
Additionally, Inox Wind will provide ongoing maintenance and operations over some time after the commissioning. This project is planned to be executed by the company that operates in Gujarat as well as Rajasthan.
Orderbook Exceeds 3.4 GW
In our analysis, Inox Wind said in an official filing that due to the purchase of this order, the total number of orders from Continuum has increased to 700 MW. The order book of Inox Wind has grown to over 3.4 GW. This is the highest level ever in its history.
Kailash Tarachandani the Group CEO of Inox Wind Ltd. He said, “While our order book is at the highest level in our history we are seeing an increase in demand from our customers all over the globe. As most, developers are now working on hybrid/round-the-clock/FDRE solutions, which involve a higher proportion of wind capacity.”
Inox Wind recently announced an update to its margin forecast from 15 percent to 17 percent thanks to a strong performance in the first quarter of the fiscal year.
Devansh Jain, Executive Director, InoxGFL Group, said, “We have upgraded the guidance as Q1 and Q2 were quite robust for us. Q3 and Q4 will normalize it, but we have upgraded the guidance from 15% to 17%.”
Quick Fact
| Inox Wind | Details |
|---|---|
| Opening price | ₹205.20 |
| Stock price (10:30 am) | ₹206 |
| Past year’s stock rise | 211.68% |
| 52-week high | ₹261.90 |
| 52-week low | ₹60.20 |
| 5 years of stock rise | 2,307.72% |
| 5 years ago stock price | ₹8.29 |
| YTD gain | 52.26% |
| Stock price (Tuesday) | 199.60 (-2.53%) |
| Order received from | Continuum Green Energy |
| Order capacity | 87 MW |
| Order purpose | 3 MW Wind Turbine Generator |
| Service type | Turnkey, end-to-end execution |
| Maintenance & operations | Ongoing after commissioning |
| Project locations | Gujarat and Rajasthan |
| Total orders from Continuum | 700 MW |
| Order book capacity | Exceeds 3.4 GW |
| Yield (last calendar year) | 221% |
| Yield (last 5 years) | 2381% |
| Return (this year) | More than 56% |
| Margin forecast update | From 15% to 17% |
| CEO | Kailash Tarachandani |
| Executive Director | Devansh Jain, InoxGFL Group |
| Demand growth | Hybrid/round-the-clock/FDRE solutions |
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