Inox Wind Share Price Target Cut by 19%: What Investors Need to Know
Shares of Inox Wind Ltd. witnessed volatility on Monday, August 18, 2025, after brokerage firm Nuvama reduced its price target for the stock by 19%.
Despite the downward revision, Nuvama maintained its “buy” rating, citing long-term growth potential, while highlighting near-term execution challenges that weighed on its outlook.
The stock, which had risen as much as 6% in early trading, came off its highs following the announcement.
Nuvama’s Revised Target and Outlook
Nuvama cut its price target for Inox Wind from ₹236 to ₹190, a steep 19% downgrade. However, the brokerage noted that even at this revised level, the stock still offers a 39% upside potential from current market prices.
This implies that while execution risks remain a concern, the long-term growth story in the renewable energy and wind power sector remains intact.
Execution Worries: The Key Concern
The downgrade came after Inox Wind reported lower-than-expected execution in the June quarter. The company managed to deliver 146 MW of projects, missing the consensus estimate of 180 MW.
Nuvama highlighted that this slower pace of execution is likely to extend project timelines, forcing the brokerage to cut its FY26 and FY27 execution estimates.
For FY26, execution has been revised down to 1.1 GW from 1.2 GW
For FY27, execution is now estimated at 1.8 GW, down from 2 GW
These adjustments signal that while Inox Wind has a robust order book, its ability to execute projects within expected timelines remains under pressure.
Order Book Status
As of now, Inox Wind’s order intake stood at 51 MW, which has taken the company’s total order book to 3.1 GW. This represents significant growth visibility for over the next 24 months.
However, the softer order inflow in the current quarter suggests that project conversions may take longer, further intensifying execution-related challenges.
Market Reaction and Trading Update
The stock opened strong on Monday, jumping as much as 6% in early trade, before slipping after the downgrade news broke.
This volatility underscores how sensitive renewable energy stocks like Inox Wind are to brokerage revisions and execution updates. Investors are keenly watching whether the company can accelerate project completions in the coming quarters.
Broader Market Context
Interestingly, while Inox Wind faced pressure, broader market activity showed strong momentum with several stocks posting double-digit gains. Among the top gainers were:
Pennar Industries – up 18.40% at ₹251.89
Southern Petrochemical Industries Corporation – up 18.15% at ₹99.88
IFB Industries – up 16.78% at ₹1,498
Ashima – up 15.03% at ₹27.17
Jai Corp – up 13.65% at ₹120.80
This highlights that while individual stocks may face sector-specific headwinds, the broader market continues to see healthy investor appetite.
Renewable Energy Sector Outlook
Despite the near-term execution worries, the renewable energy sector in India is poised for strong growth.
Government policies promoting green energy, rising demand for clean power, and significant investments in infrastructure all support the long-term case for companies like Inox Wind.
Inox Wind, with its 3.1 GW order book, is well-positioned to capture this demand. The key will be whether the company can resolve execution bottlenecks and deliver projects on schedule.
Should Investors Worry?
For investors, the key takeaway is that while short-term execution delays may limit immediate upside, the long-term growth story remains intact.
Nuvama’s decision to retain a “buy” rating despite cutting the price target reflects this balance.
The revised target of ₹190 still offers significant upside, making Inox Wind a stock to watch closely for medium- to long-term portfolios.
Conclusion
Inox Wind’s latest quarterly update has brought both challenges and opportunities into focus.
The reduction in price target by Nuvama highlights genuine concerns around execution speed, but the company’s robust order book and industry tailwinds offer strong long-term potential.
For now, investors should monitor upcoming quarterly results to see if the company can pick up execution momentum.
If Inox Wind successfully navigates its short-term challenges, the stock could still deliver the kind of returns that Nuvama’s revised target price suggests.