Inox Wind: A Compelling Turnaround Story

2024년 5월 4일

Technical's Signal Breakout Potential:

• Textbook Cup & Handle pattern suggests a bullish continuation.

• Price rejection at the Fib 0.236 level and previous resistance zone confirms buying pressure.

Strong Fundamentals Support Growth:

• Q4 FY24 results show a solid turnaround with robust EBITA growth.

• Profitability shift from loss to a PAT of ₹38 Cr. is a positive sign.

• Government's ambitious wind capacity addition plans (100 GW) present a massive opportunity for Inox Wind.

• Net-debt free status: Target to achieve net-debt free status for consolidated IWL in the next few months

Strong group pedigree (INOXGFL Group) and a healthy balance sheet provide stability.

Revenue Visibility & Diversification:

• A diversified order book of ~2.7 GW with a large pipeline ensures revenue visibility.

• High-value project development pipeline fuels future growth potential.

• Owning a majority stake (61%*) in Inox Green, a leading wind O&M player, offers additional revenue streams.

Promoter Holding Inspires Confidence:

• Promoter holding of ~53% in IWL demonstrates strong management commitment.

Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.