Posted on March 28, 2025, by Niftynews
INOX WIND shares have surged by 7%, reaching a price of Rs 169.2 on March 28, 2025. This increase is part of a broader positive trend in the BSE CAPITAL GOODS Index, which rose by 0.5% to 63,103.7. The BSE CAPITAL GOODS Index tracks companies in the capital goods sector, and INOX WIND is one of the key players benefiting from this momentum today.
Other top gainers in the BSE CAPITAL GOODS Index include Carborundum Universal, which rose by 7.2%, and Timken India, which gained 4.7%. On the flip side, Thermax and Siemens saw a drop, with Thermax down by 2.7% and Siemens falling by 0.6%.
INOX WIND’s One-Year Performance
Over the last 12 months, INOX WIND has seen impressive growth. The stock has moved from Rs 126.4 to Rs 169.2, registering a 33.8% gain. This significant uptick reflects a strong rebound and growth trend for the company over the past year, as investors show optimism regarding its future prospects.
Meanwhile, the BSE CAPITAL GOODS Index has gained 6.2% during the same period, moving from 59,424.9 to 63,103.7. The top performers within this index over the past year have been Bharat Electronics, which surged by 52.7%, followed by Hindustan Aeronautics (up 28.5%) and Schaeffler India (up 19.0%). These gains reflect investor confidence in the broader capital goods sector, with significant growth in key companies.
Financial Update: INOX WIND’s Performance
In terms of financial performance, INOX WIND reported a remarkable 2764.0% year-on-year increase in net profit for the quarter ending December 2024. The company posted a profit of Rs 1,123 million, compared to a profit of just Rs 39 million in the same period a year ago. This is a massive improvement, driven by strong sales growth.
Net sales also surged by 81.0% to Rs 9,113 million, up from Rs 5,035 million in the October-December 2023 period. This revenue increase highlights the strong demand for INOX WIND’s products and services, signaling a robust performance for the company.
For the full year ending March 2024, INOX WIND reported a 92.7% increase in net profit, reaching Rs 508 million, compared to a net loss of Rs 6,968 million during FY23. This turnaround demonstrates the company’s significant recovery after a challenging previous year. Revenue also grew by an impressive 137.8%, reaching Rs 17,432 million during FY24, compared to Rs 7,343 million in FY23.
Despite this remarkable performance, the Price-to-Earnings (P/E) ratio of INOX WIND stands at 76.8, based on rolling 12-month earnings. This high P/E ratio suggests that the stock is currently priced for growth, and investors are optimistic about the company’s future performance.
Stock Market Performance: Sensex and Nifty
The broader market trends show some mixed movement today. The BSE Sensex is currently at 77,478.0, reflecting a 0.2% decline. Among the top losers in the BSE Sensex today are M&M (down 3.0%) and Infosys (down 1.3%). Meanwhile, Zomato and Tata Motors are the most traded stocks in the BSE Sensex.
The NSE Nifty is at 23,543.3, also down by 0.2%, with M&M and Wipro among the top losers in the NSE Nifty.
Over the last 12 months, the BSE Sensex has gained 6.9%, moving from 72,470.3 to 77,478.0, while the NSE Nifty has also seen a positive movement of around 6.4% during the same period.
What’s Next for INOX WIND Shares?
With INOX WIND shares surging 7% today, investors are closely watching if this momentum can be sustained. The company’s impressive financial turnaround and strong sales growth signal a potential bright future. As part of the BSE CAPITAL GOODS Index, INOX WIND is also benefiting from a positive trend in the broader sector.
Given the company’s strong performance, particularly in the last quarter of FY24, the stock may continue to attract investor attention. If INOX WIND can maintain its revenue growth and profitability in the coming quarters, there could be even more upside for the stock in the future.
Conclusion
INOX WIND shares are making significant strides, gaining 7% today, while the BSE CAPITAL GOODS Index also sees a positive movement of 0.5%. The company’s 2764.0% increase in net profit for the December quarter and the 81% rise in net sales highlight its remarkable recovery and growth. Investors should continue to monitor INOX WIND’s performance, as the company’s future looks promising in the capital goods sector.
