The energy sector in 2026 is a weird beast. You’ve got the old-school giants trying to stay relevant, and then you’ve got the wind players like Inox Wind. Honestly, if you’ve been watching the inox wind share price lately, it’s probably felt like a bit of a rollercoaster. One day you're looking at a 52-week high near ₹198, and the next, you're seeing it hover around the ₹115 mark.
It’s frustrating.
Investors get spooked easily. When the stock dips nearly 10% in a single week—as it did in mid-January 2026—people start hitting the panic button. But if you talk to the folks who actually track turbine deployments and order books, the story sounds a lot different than what the ticker tape suggests.
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The Disconnect Between Value and Volatility
Right now, Inox Wind is trading at roughly ₹115. That’s a far cry from its peak, and it’s actually sitting quite close to its 52-week low of ₹110.19. On paper, that looks like a disaster.
But look at the guts of the company.
In late 2025, they were pulling in record-breaking numbers. We're talking about a second quarter with revenue of ₹1,162 crore. That’s a 56% jump year-over-year. Profits are up too, with PAT hitting ₹121 crore. If the business is making more money than ever, why is the stock acting so moody?
Part of it is just market psychology. The broader renewable sector has been cooling off after the massive hype of 2024. Another part is the demerger news. Devansh Jain and the leadership team have been pushing through a plan to split the Substation and EPC business. This "value unlocking" is great for the long term, but in the short term, it creates uncertainty. Markets hate uncertainty.
Why the Order Book Matters More Than the Daily Ticker
If you're obsessed with the inox wind share price every ten minutes, you're going to lose your mind. The real number to watch is 3.2 GW.
That’s the size of their current order book.
Basically, they have enough work lined up to keep them busy for the next 18 to 24 months. They recently bagged a 100 MW repeat order from Jakson Green for those massive 3.3 MW turbines. They also signed a 102.3 MW deal with Aditya Birla Renewables. These aren't small, fly-by-night operations; these are heavy hitters coming back for more.
The Debt Situation (It’s Actually Improving)
A few years ago, Inox Wind was drowning in debt. It was a mess.
Today? Not so much.
- They’ve managed to reduce their debt-to-equity ratio significantly.
- The merger of Inox Wind Energy into Inox Wind Limited wiped about ₹2,050 crore in liabilities off the books.
- Their interest coverage ratio is sitting at a healthy 11.3x.
They aren't out of the woods entirely—operating cash flow is still a bit tight—but they aren't the fragile company they were in 2021.
What Analysts Are Whispering
It’s kind of funny. While the retail crowd is selling, the big brokerages are putting out "Buy" ratings with targets that seem almost too optimistic. ICICI Securities has a target of ₹230. Motilal Oswal is looking at ₹210.
That’s nearly double the current price.
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Are they right? Maybe. But you have to consider the risks. The wind industry in India is notorious for execution delays. Land acquisition is a nightmare. Getting those massive blades across rural roads isn't exactly a walk in the park. If they miss their execution guidance of 1,200 MW for the year, the stock will get hammered.
The 2026 Outlook
We are currently in the middle of a massive green energy transition. The Indian government is pushing for 500 GW of non-fossil fuel capacity by 2030. Wind is a massive part of that, second only to solar.
But wind is steadier. It doesn't have the same "daily hype" as solar, which makes it a patient man's game. If you're looking for a quick flip, Inox Wind probably isn't it. The volatility is too high. But if you’re looking at where the grid is going to get its power when the sun goes down, wind turbines are the answer.
Smart Moves for Investors Right Now
Don't just jump in because the price is low. That's how people get trapped. Instead, keep an eye on the Q3 FY26 results. The trading window closed on January 1, 2026, and those numbers should be dropping soon.
- Check the Execution: Are they actually installing the turbines they sold, or is the order book just growing on paper?
- Monitor the Demerger: Watch for the official listing of the new entities. This will change the valuation of the parent company.
- Watch the Peers: Keep an eye on Suzlon. They are the primary competitor, and they often move in tandem. If Suzlon starts tanking, Inox usually follows.
The inox wind share price might look like it’s in the gutter right now, but for a company with "best-ever" quarterly profits and a multi-year order book, the fundamentals are telling a very different story than the chart.
Take a breath. Look at the balance sheet. Sometimes the market just needs a bit of time to catch up to reality.
Next Step: Review the upcoming Q3 FY26 earnings release to verify if the company met its 1,200 MW execution guidance for the year.