Free Shares: On April 25, Bags Order, Multibagger Energy Stock Will Take Bonus Share Into Account

Today’s BSE trading saw a strong increase in shares of Inox Wind Ltd. of 4.09% after the business secured a repeat order from Hero Future Energies for 210 MW of its 3 MW WTGs. On April 25, 2024, the Inox Wind Board of Directors will meet to discuss the bonus share proposal.

In only the past six months, Inox Wind Ltd.’s stock went from offering astounding gains of 495% over the previous year to being a multibagger with a spectacular return of 176%. Inox Wind shares are now trading at Rs. 592.80 on the BSE. The market capitalization of Inox Wind is Rs 19,322.23 crore. Details about the order victory and bonus split are provided below:

Inox Wind To Consider Bonus Share: According to Inox Wind’s April 22, 2024 regulatory filing, “a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 25, 2024, inter-alia, to consider and approve the proposal for issuance of Bonus Equity Shares to the shareholders of the Company.”

Inox Wind Establishes a New Law: “Hero Future Energies (HFE), one of the top players in renewable energy in India, has placed an order for the supply of 210 MW of wind turbine generators (WTGs) to Inox Wind Limited (IWL), India’s leading provider of wind energy solutions,” the company’s BSE filing said. Modern 3 MW wind turbine generators (WTGs) from IWL are the subject of the order, which also includes equipment supply and certain add-on services. Furthermore, Inox Wind will provide multi-year operations and maintenance (O&M) services after commissioning. The WTGs will be deployed in South India and delivered to HFE starting in Q3 of FY25.”

Inox Wind CEO Mr. Kailash Tarachandani made the following statement in regards to the event: “We are delighted to announce a large repeat order of 210 MW from Hero Future Energies, a longstanding partner.” The trust we have in our 3MW WTGs—among the most efficient turbines in their class—is strengthened by this order. This order’s addition serves to underline our growth expectations even further.”

Inox Wind Share Performance: As of April 21, 2023, the 52-week low price of Rs 97.08 per share is recorded by Inox Wind Ltd, and as of February 27, 2024, the 52-week high price is Rs 648.00 per share on the BSE. Inox Wind’s stock returned 36% over the previous three months, 423% over the previous two years, and 590% over the previous three years.
The share of Inox Wind has an EPS (TTM) of -0.21 and a PE of -89.

Inox Wind Financials: In light of increased sales, the firm reported a net profit of Rs 1.81 crore for the December 2023 quarter on February 9, 2024. According to the company’s BSE report, it had a loss of Rs 287.86 crore during the October through December quarter of last year. From Rs 237.68 crore recorded in the same quarter of the previous year, to Rs 506.88 crore in the quarter under review, its total revenue skyrocketed. In comparison to the EBITDA loss of Rs 172.5 crore in the same quarter last year, the company’s reported EBIDTA for the period was Rs 99.5 crore. The orderbook has 2.6 GW on it.

About: Inox Wind Limited (IWL) is the top supplier of wind energy solutions in India, catering to corporate investors, utilities, PSUs, and IPPs. IWL is a subsidiary of the US$ ~ 8 BN INOXGFL Group, which has been in operation for more than 90 years and is mostly concentrated on the chemical and renewable energy business sectors. According to the company’s BSE filing, IWL is a fully integrated participant in the wind energy industry with four cutting-edge manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh that produce hubs and nacelles, tubular towers, and blades.