Add Inox Wind, target price Rs 675: ICICI Securities

ICICI Securities has add call on Inox Wind with a target price of Rs 675. The current market price of Inox Wind Ltd. is Rs 631.75.

Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 20322.89 Crore) operating in Power sector.

Inox Wind Ltd. key Products/Revenue Segments include Wind Turbine Generator, Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 506.88 Crore, up 31.86 % from last quarter Total Income of Rs 384.40 Crore and up 121.28 % from last year same quarter Total Income of Rs 229.07 Crore. Company reported net profit after tax of Rs 1.81 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.87 per cent stake in the company as of 31-Dec-2023, while FIIs owned 9.49 per cent, DIIs 9.88 per cent.