Inox Wind Share Price

Inox Wind Limited Stock Trends in 2018

1. The company opened the stock market on 1 January 2018 with a share price of Rs.144. The stock price had reached Rs.147 by the middle of the month. However, in the second half of the month, the price began decreasing, ending the month with a price of Rs.132 a share.
2. Coming to February, the share price was Rs.132 at the beginning of the month but decreased to a low of Rs.111 within the first week. But by the middle of the month, the price of the share increased again and was valued at Rs.135, but lowered again. The stock price at the end of the month was Rs.125.
3. At the beginning of March, the price of the share was Rs.124 and decreased to Rs.120 by 15 March 2018. However, the second half of the month did not prove beneficial to investors as the price decreased to Rs.105, ending the month at Rs.110 a share.
4. In April, the price of the share opened at Rs.109, increasing to Rs.116 before the end of the first week. The share price remained steady till the middle of the month. However, at the end of the month, the price of the stock was valued at Rs.108.
5. The stock at the beginning of May was priced at Rs.107. This month too did not prove beneficial at the stock market and to the investors as the price decreased. By the middle of the month, the stock price was valued at Rs.97. In the second half of the month, the stock price kept decreasing, finally ending the month at a value of Rs.96.
6. In June, the share price decreased further and opened the month at Rs.93. The stock price decreased further and was priced at Rs.85 by the middle of the month. After increasing to Rs.91 in the second half of June, the share price fell again, ending the month at Rs.84 a share.
7. The share price in July was at Rs.84 at the beginning of the month. The price remained steady but decreased to Rs.81 a share by mid-month. It reduced to Rs.79 on 20 July 2018. In the last week of the month, the share price increased considerably. The share was priced at Rs. 95 at the end of the month.
8. Coming to August, the share price at the beginning of the month was Rs.93. The price reached to Rs.105 in 7 days, however decreasing to Rs.97 by the middle of the month. The price of the share in the second half of the month was steady, closing the month at Rs.97.
9. In September, the price of the stock opened at Rs.100 and was steady till the middle of the month. In the second half of September, the price increased to Rs.105 and then plummeted, closing the month at Rs.89.
10. The price of the stock on 1 October 2018 was Rs.84 and by the end of the first week had decreased to a 52-week low of Rs.74. The share price gained momentum and reached the Rs.90 mark by the middle of the month. The share price closed the month at Rs.81.
11. In November, the share price at the beginning of the month was Rs.83. After reaching the Rs.90 mark in the first week, the price plummeted through the course of the month, ending at Rs.80.

Inox Wind Limited Stock Trends in 2016 and 2017

1. The share price of Inox Wind Limited started the month of January 2016 at Rs.362 and decreased to Rs.324 by the end of the month. The price closed at Rs.316. At the beginning of February, the price was Rs.314 and plummeted to Rs.253 by mid-month. The closing price of the stock was Rs.225. In March, the stock opened at Rs.215, which increased a considerable extent, hitting the Rs.290 mark and ending the month at a Rs.262.
2. In the month of April, the share was valued at Rs.260, closing the month at a Rs.270. The share price in May opened at Rs.272, reaching the Rs.290 mark. However, the price decreased to a great extent, ending the month at Rs.227. The share price at the beginning of June was Rs.220 and reached the Rs.250 mark by mid-month. The closing price of the share was Rs.235.
3. The stock price at the beginning of July was Rs.237 and remained steady throughout the month, ending the month at a Rs.224. However, in August, the share price after opening at Rs.224 plummeted to Rs.191 by the middle of the month. At the end of the month price of the stock was Rs.186.
4. In September, the price of the stock opened at Rs.189 and had increased to Rs.208 by the middle of the month. The share closed at Rs.198, opening the month of October at Rs.206. The stock price increased by Rs.20 to Rs.228 by mid-month and ended at Rs.209.
5. In November, the stock price was Rs.209 at the beginning and decreased by a great margin, closing the month at Rs.188. The price of stock in December started at Rs.190 and was steady, closing at Rs.181.
6. In January 2017, the share price opened at Rs.182 and was steady through the month, ending at Rs.184. The stock was priced at Rs.184 in February, but decreased by Rs.10 to Rs.174 by mid-month, ending at Rs.173. At the beginning of March, the share was valued at Rs.174 and rose to Rs.184 in the second half of the month, closing at Rs.172.
7. The price of the stock in April was Rs.172 however, reaching a 52-week high at Rs.206 by the end of the month. The price decreased at the beginning of May at Rs.204 but plummeted even further to Rs.135 by the end of the month. June was not beneficial for investors as the stock price remained constant and ended the month at Rs.141.
8. At the beginning of July, the price of the stock was Rs.142, increasing to Rs.166 by mid-month. However, it plummeted to Rs.129 and closed the month at Rs.140. The price of the stock on 1 August was Rs.138, decreasing to Rs.106 by the middle of the month, ending at Rs.138. In September, the stock opened at Rs.134 and close at Rs.110.
9. The share price in October was at a low of Rs.108 and was steady until the end of the month where it increased to Rs.134. In November, the price increased to Rs.148 and remained steady through the month, ending at Rs.147. However, in December, the stock price hit the Rs.150 mark and ended at a Rs.146.

Should you invest in Inox Wind Limited Limited Shares?

1. Inox Wind Limited is a part of the Inox Group of Companies and deals in the industry of providing wind energy services. The company supplies wind turbines and provides solutions for wind energy. Inox Wind Limited was ranked 167 in the top 500 companies in India by Business Times in 2015.
2. On a YoY basis, in Q2 FY 2018, the total revenue of the company was Rs.80 crore which has increased to Rs.437 crore in Q2 FY 2019.
3. The net working capital has also decreased from Rs.1927 crore in Q2 FY 2018 to Rs.1179 crore in Q2 FY 2019.
4. The net debt has also decreased to a great extent and is at 0.36x compared to 0.49x in Q2 FY 2018.
5. Since the company deals in providing wind energy solutions, there have been a number of auctions of machines supplying wind energy by the company. The most recent auction was the SECI 5 was in September 2018 which produces a volume of 1200 MW.
6. The company's presence was majorly in the states of Gujarat, Rajasthan and Madhya Pradesh. However, they have now expanded business in Kerala, Karnataka and Andhra Pradesh.
7. On a YoY basis, the financial year of 2018 was a major setback for the company as revenue from operations decreased from Rs.3415 crore in FY 2017 to Rs.480 crore in FY 2018.
8. In the share market, the company has been fluctuations in the price of the shares due to various factors, however, it might be beneficial for a long-term investor. It is strongly recommended to research thoroughly before investing.

Company Information

Inox Wind Limited is a premier company in the wind energy solutions provider sector. It was founded in 2009 and is a part of the Inox Group of Companies. The company is a subsidiary of the Gujarat Fluorochemicals Limited.

The company deals in manufacturing wind turbines and offers a wide array of services such as wind resource assessment, infrastructure development, site acquisition, maintaining wind power projects, and various other long-term operations.

Inox Wind Limited is headquartered in Noida, India.

History of the company

Inox Wind Limited was founded in 2009 under the parent company of Gujarat Fluorochemicals Limited and also under the Inox Group of Companies.

The company is among the country's leaders in providing wind energy solutions. The company has a manufacturing capacity of wind energy turbines capable of generating the energy of 1600 MW. The premier manufacturing plants of the company are located in Gujarat, Madhya Pradesh, and Rajasthan. The company is building a new state-of-the-art facility in Madhya Pradesh which is said to be the largest in India as well as in Asia. This facility is said to manufacture blades, tubular towers along with Hubbs and Nachelles.

Management of the company

Kailash Lal Tarachandani - Whole-Time Director and Chief Executive Officer

Mr. Kailash Lal Tarachandani is the Whole-Time Director and The CEO of Inox Wind Limited. Before joining Inox Wind Limited, Mr. Kailash Lal Tarachandani was associated with various other technology conglomerates such as Kenerseys Private Limited in Pune, Vestas Wind Systems, Alstom Power in Switzerland and Larsen and Toubro Limited.

Devansh Jain - Whole Time Director

Mr. Devansh Jain has over a decade of experience in various fields of management. He has a double major degree in Economics and Business Administration from the Carnegie Mellon University, Pittsburg, USA.

He is also on the National Council of Wind Power Association apart from leading Inox Wind Limited into the wind energy industry. Mr. Devansh Jain is also the honorary secretary Indian Wind Turbine Manufacturers Association.

Deepak Asher - Non-Executive Director

Mr. Deepak Asher has been associated with the Inox Group of Companies for more than 25 years and has been key in the diversification of the company into the cinema and wind energy business.

Mr. Deepak has a Bachelor's degree in Commerce and a Master's degree in Law and is also a fellow member of the Chartered Accountants of India.

Inox Wind Limited Listings in NSE, BSE and Stock Market Indices

Inox Wind Limited was listed on the two major stock exchanges in the country, the National Stock Exchange and the Bombay Stock Exchange. The shares offered by Inox Wind Limited are offered to the general public for trading.

1. NSE Code: INOXWINDEQ
2. BSE Code: 539083
3. ISIN: INE066P01011
4. Sector: Engineering

The stock market indices the company comprises of are as follows:

1. Nifty 500
2. Nifty Full Smallcap 100
3. Nifty MidSmallcap 400
4. Nifty Smallcap 250
5. S&P BSE 250 SmallCap Index
6. S&P BSE 400 MidSmallCap Index
7. S&P BSE 500
8. S&P BSE AllCap
9. S&P BSE Industrials
10. S&P BSE MidSmallCap
11. S&P BSE SmallCap

Registered Office:

INOX Towers, Plot No.17,

Sector 16-A,

Noida-201 301,

U.P. INDIA.

Contact Number - +91-120-6149 600

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DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.