Inox Wind Valuation

Q: What is the Fair Price of INOXWIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

INOXWIND (₹184.72) is trading above our estimate of [[fair value]] (₹42.83)

Is INOXWIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of INOXWIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INOXWIND (₹184.72) is trading above our estimate of fair value (₹42.83)

Significantly Below Fair Value: INOXWIND is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INOXWIND?

Key metric: As INOXWIND is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for INOXWIND. This is calculated by dividing INOXWIND's market cap by their current earnings.
What is INOXWIND's PE Ratio?
PE Ratio	125.3x
Earnings	₹1.92b
Market Cap	₹246.01b

INOXWIND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	11.6x
Enterprise Value/EBITDA	55.8x
PEG Ratio	2.3x

Price to Earnings Ratio vs Peers

How does INOXWIND's PE Ratio compare to its peers?

The above table shows the PE ratio for INOXWIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	79.4x
533655 Triveni Turbine	69.3x	20.5%	₹221.6b
505700 Elecon Engineering	35.4x	14.8%	₹126.8b
522275 GE Vernova T&D India	120.3x	34.8%	₹485.0b
SUZLON Suzlon Energy	92.7x	39.4%	₹891.5b
INOXWIND Inox Wind	125.3x	55.4%	₹246.0b

Price-To-Earnings vs Peers: INOXWIND is expensive based on its Price-To-Earnings Ratio (125.3x) compared to the peer average (79.4x).

Price to Earnings Ratio vs Industry

How does INOXWIND's PE Ratio compare vs other companies in the IN Electrical Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
504058 Indo National	2.7x	n/a	US$44.92m
533203 Tarapur Transformers	4.4x	n/a	US$7.07m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: INOXWIND is expensive based on its Price-To-Earnings Ratio (125.3x) compared to the Indian Electrical industry average (45.4x).

Price to Earnings Ratio vs Fair Ratio

What is INOXWIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INOXWIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	125.3x
Fair PE Ratio	97.2x

Price-To-Earnings vs Fair Ratio: INOXWIND is expensive based on its Price-To-Earnings Ratio (125.3x) compared to the estimated Fair Price-To-Earnings Ratio (97.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst INOXWIND forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₹184.72	₹247.40 +33.9%	6.1%	₹275.00	₹233.00	n/a	5
Nov ’25	₹222.96	₹247.40 +11.0%	6.1%	₹275.00	₹233.00	n/a	5
Oct ’25	₹239.27	₹212.40 -11.2%	9.4%	₹240.00	₹184.00	n/a	5
Sep ’25	₹221.11	₹212.40 -3.9%	9.4%	₹240.00	₹184.00	n/a	5
Aug ’25	₹178.02	₹171.13 -3.9%	8.0%	₹181.00	₹147.50	n/a	4
Jul ’25	₹143.37	₹169.50 +18.2%	9.2%	₹181.00	₹147.50	n/a	3
Jun ’25	₹148.95	₹169.50 +13.8%	9.2%	₹181.00	₹147.50	n/a	3
May ’25	₹156.90	₹165.75 +5.6%	8.3%	₹181.00	₹147.50	n/a	3
Apr ’25	₹131.18	₹165.75 +26.4%	8.3%	₹181.00	₹147.50	n/a	3
Mar ’25	₹146.25	₹174.88 +19.6%	3.5%	₹181.00	₹168.75	n/a	2
Feb ’25	₹119.58	₹125.00 +4.5%	15.0%	₹143.75	₹106.25	n/a	2
Jan ’25	₹131.09	₹85.88 -34.5%	23.7%	₹106.25	₹65.50	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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