The energy transition in India isn't just a headline anymore; it’s a massive, multi-billion dollar shift that's finally hitting its stride. If you've been tracking the inox wind limited share price lately, you know exactly what I'm talking about. It’s been a wild ride. Honestly, trying to time this stock over the last year has been like trying to catch a leaf in a gale—exciting, but also a little exhausting for the average investor.
As of mid-January 2026, the stock is hovering around the ₹114 mark. That’s a far cry from its 52-week high of ₹201, but that’s where things get interesting.
🔗 Read more: Billie Explained: Why B2B Buy Now Pay Later is Finally Working
What's actually happening on the ground?
Most people look at a chart and see a downward slope and panic. "Oh, it's down 25% this year," they say. But you've gotta look at the order book to understand why the big players aren't selling. We are talking about a company that’s sitting on a massive 3.2 GW order book. For context, India’s total wind capacity addition in 2025 was roughly 6.3 GW.
Basically, Inox Wind has secured enough work to keep their factories humming for the next two years at least.
Just this past November, they bagged another 229 MW order. A few weeks later in December, Jakson Green came back for a repeat order of 100 MW. When customers come back for seconds and thirds, it tells you the 3.3 MW turbine technology they’ve been pushing is actually doing its job in the field.
Breaking down the numbers (without the fluff)
The Q2 FY2026 results were a bit of a mixed bag, which is probably why the inox wind limited share price took a breather. Revenue jumped over 56% year-on-year to roughly ₹1,162 crore. That’s huge. Net profits also surged to around ₹91.75 crore, which is a staggering 257% increase compared to the same period the year before.
So, why isn't the stock at an all-time high?
Well, the market is a "what have you done for me lately" kind of place. Even though the year-on-year growth was massive, the net profit actually dipped about 13% compared to the previous quarter (Q1 FY26). Investors saw that sequential drop and got a little twitchy. Plus, expenses are up. Setting up new plants, like the blade manufacturing unit in Koppal, Karnataka, isn't cheap. It’s an investment in the future, but on a balance sheet, it just looks like money going out the door.
Why the Market is Still Bullish on Inox Wind Limited Share Price
Despite the recent price correction, analysts are largely staying the course. If you look at firms like Motilal Oswal or JM Financial, they aren't just saying "Hold." They are setting price targets in the ₹190 to ₹210 range.
Wait. ₹210?
That’s nearly double where it’s trading today. It sounds crazy until you look at the macro picture. India just became the world’s third-largest wind market again. The government wants 500 GW of non-fossil fuel capacity by 2030. We are currently at roughly 267 GW. The gap between where we are and where we need to be is basically a guaranteed revenue stream for companies like Inox Wind and their main rival, Suzlon.
Real risks you can't ignore
I’m not going to sit here and tell you it’s all sunshine and rainbows. There are real headaches.
First, there's the debt. While they’ve done a decent job of cleaning up the balance sheet through equity infusions and stake sales in subsidiaries (like the ₹175 crore EPC arm deal), they still carry weight. Then there’s the execution risk. It’s one thing to sign a 3 GW order; it’s another thing to actually get those turbines spinning in remote parts of Gujarat or Rajasthan on schedule.
Also, keep an eye on the "Vayona Energy" factor. TPG and the Murugappa family just bought out Siemens Gamesa's wind business in India. That’s a new, well-funded competitor entering the playground.
Is the bottom in?
Nobody has a crystal ball. But the fundamental story for the inox wind limited share price is stronger than the current chart suggests. The company is now consistently profitable. That’s a big change from the "dark years" of 2019-2022 when the whole sector was in a tailspin.
The current P/E ratio is around 38. For a company growing earnings at triple digits, that’s actually not as expensive as it looks.
Actionable insights for your portfolio
If you're looking at this stock, don't just stare at the daily ticker. It'll drive you nuts. Instead, watch these three things:
- The Order Execution Rate: Watch the quarterly installation numbers. In Q2 FY26, they did 202 MW. If that number keeps climbing toward 300 MW per quarter, the revenue will follow.
- The Debt-to-Equity Ratio: The "promoter" group (the Jain family) has been very active in pumping money back into the business. If they continue to deleverage, the stock's valuation multiple will likely expand.
- The 3.3 MW Turbine Rollout: This is their flagship. Any technical hiccups here would be a major red flag. So far, the repeat orders suggest it’s a winner.
The wind sector is notorious for being cyclical and policy-dependent. However, with the 2030 targets looming, the policy "tailwinds" are as strong as they’ve ever been.
Next Steps for Investors
Check the upcoming Q3 FY2026 earnings report, which should drop soon. Specifically, look for management's guidance on the 4X MW turbine series. If they announce a concrete timeline for those even larger turbines, it could be the catalyst that breaks the stock out of its current ₹110-₹120 range. Also, verify the status of the Koppal plant commissioning; getting that online will drastically reduce logistics costs for their South India projects.