Buy Inox Wind, target price Rs 425: ICICI Securities

Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 12659.84 Crore) operating in Power sector.

By ETMarkets.com | Dec 11, 2023, 09.48 AM IST

Promoters held 64.64 per cent stake in the company as of 30-Sep-2023, while FIIs owned 3.48 per cent, DIIs 6.54 per cent.

ICICI Securities has buy call on Inox Wind with a target price of Rs 425. The current market price of Inox Wind Ltd. is Rs 382.4.

Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 12659.84 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-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 384.40 Crore, up 9.12 % from last quarter Total Income of Rs 352.28 Crore and up 242.79 % from last year same quarter Total Income of Rs 112.14 Crore. Company reported net profit after tax of Rs -26.84 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 64.64 per cent stake in the company as of 30-Sep-2023, while FIIs owned 3.48 per cent, DIIs 6.54 per cent.

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