| Market Cap | ₹12,199.6 CrGeneral Industrials |
|---|---|
| TTM Revenue | ₹4,384.9 CrOperating |
| Day RSI | 35.05Neutral Zone |
| Order from | Indian Oil Corporation Limited |
| Deal value | ₹755 Cr |
| Share of market cap | 6.2% |
| Share of annual revenue | 17.2% |
Key highlights
- Total contract value estimated at approximately ₹755 crore for a 100 MW capacity project
- Scope includes supply of wind turbine generators, EPC services, and end-to-end execution
- Secured a 10-year post-commissioning operations and maintenance (O&M) services mandate
- Represents a repeat order from Indian Oil Corporation, India's largest oil marketing company
- Project strengthens IWL's portfolio across PSU, IPP, and C&I customer segments
What Is the Order?
The contract involves the end-to-end execution of a 100 MW wind energy project for Indian Oil Corporation Limited. Inox Wind will manage the entire project lifecycle, starting from the supply of advanced wind turbine generators to engineering, procurement, and construction activities. Beyond the commissioning phase, the company has secured a mandate to provide operations and maintenance services for a period of 10 years.
This turnkey approach ensures that the client receives a fully operational renewable energy asset while providing Inox Wind with long-term, high-margin service revenue streams through its dedicated O&M subsidiary.
Client Profile
Indian Oil Corporation Limited is a Maharatna central public sector undertaking and remains India’s largest oil marketing company. As a dominant player in the energy sector, IOCL is aggressively expanding its renewable energy footprint to meet national decarbonisation goals and transition toward cleaner energy sources. This repeat order signifies the trust placed by large-scale institutional players in specialized wind energy providers.
Working with a Maharatna entity enhances Inox Wind’s credibility in the public sector undertaking segment, which is a critical growth area for renewable infrastructure in India.
Business Overview
- Part of the $16 billion INOXGFL Group with over nine decades of legacy
- Fully integrated player with five manufacturing plants in Gujarat, MP, and Himachal Pradesh
- Manufacturing capacity stands at 2.5 GW per annum across multiple turbine series
- Offers state-of-the-art 3 MW and upcoming 4.45 MW series wind turbine generators
- Subsidiary Inox Green Energy Services is the only listed pure-play renewable O&M firm in India
Financial Context
Inox Wind currently maintains a market capitalization of ₹12,199.63 crore with trailing twelve-month operating revenue of ₹4,384.97 crore. Despite a recent one-year price decline of 49.88%, the company reported an annual net profit of ₹405.03 crore for the last fiscal year. The stock is currently trading at a TTM P/E ratio of 35.42, which compares to an industry average P/E of 61.38.
Technical indicators show a Relative Strength Index of 35.05, placing the stock in a neutral zone, while the promoter group retains a 44.18% stake in the company.
Strategic Commentary
This repeat order is a testament to the confidence that leading institutional customers place in our integrated capabilities and execution track record. With our ability to deliver comprehensive solutions across the wind project lifecycle, we remain well positioned to support customers in their transition towards cleaner sources of energy.
“India’s renewable energy transition is creating significant opportunities for wind power, with large enterprises and public sector organisations increasingly looking for reliable partners who can deliver projects with efficiency and accountability.”
| Share price | ₹70.59 |
|---|---|
| Market capitalisation | ₹12,199.63 Cr |
| Revenue (annual) | ₹4,397.12 Cr |
| Net profit (annual) | ₹405.03 Cr |
| Revenue (latest quarter) | ₹814.10 Cr-34.57% vs previous quarter |
| Net profit (latest quarter) | ₹44.00 Cr-51.79% vs previous quarter |
| P/E (TTM) | 35.42×Sector 55.22× |
| Promoter holding | 44.18%0.00% QoQ |
| FII holding | 14.53%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Inox Wind Limited announcing a 100 MW turnkey order from Indian Oil Corporation Limited. Market figures from a third-party data provider.
