Content:
- Company Overview of Inox Wind Ltd
- Company Overview of Suzlon Energy Ltd
- The Stock Performance of Inox Wind Limited
- The Stock Performance of Suzlon Energy Limited
- Fundamental Analysis of Inox Wind Ltd
- Fundamental Analysis of Suzlon Energy
- Financial Comparison of Inox Wind and Suzlon Energy
- Dividend of Inox Wind and Suzlon Energy
- Advantages and Disadvantages of Investing in Inox Wind Limited
- Advantages and Disadvantages of Investing in Suzlon Energy
- How to Invest in Suzlon Energy and Inox Wind Stocks?
- Inox Wind vs. Suzlon Energy Limited- Conclusion
- Inox Wind vs. Suzlon Energy – FAQ
Company Overview of Inox Wind Ltd
Inox Wind Limited, established in 2009, is a leading provider of wind energy solutions in India. As a subsidiary of the Inox GFL Group, the company offers comprehensive services including wind resource assessment, site acquisition, infrastructure development and the manufacturing of key wind turbine components such as nacelles, hubs, rotor blades and towers.
With state-of-the-art manufacturing facilities in Gujarat, Himachal Pradesh and Madhya Pradesh, Inox Wind maintains a cumulative production capacity of 1,600 MW annually. The company’s flagship product is the 2 MW Wind Turbine Generator, available in various rotor diameters to suit diverse site requirements.
Company Overview of Suzlon Energy Ltd
Suzlon Energy Limited, founded in 1995 by Tulsi Tanti, is a prominent Indian multinational specializing in renewable energy solutions, particularly wind turbine manufacturing. Headquartered in Pune, Suzlon has a presence in 17 countries across Asia, Australia, Europe, Africa and the Americas. The company offers a range of wind turbine generators, including the S144, S133 and S120 models, designed for various site conditions.
Suzlon’s vertically integrated operations encompass the design, development, manufacturing, installation and maintenance of wind turbines and related components. With over 13,070 wind turbines installed across six continents and 14 manufacturing facilities in India, Suzlon has achieved an installed capacity exceeding 14,340 MW in India alone.
The Stock Performance of Inox Wind Limited
The table below displays the month-by-month stock performance of Inox Wind Ltd for the past year.
| Month | Return (%) |
| Feb-2024 | 25.94 |
| Mar-2024 | -14.5 |
| Apr-2024 | 19.54 |
| May-2024 | -76.42 |
| Jun-2024 | -9.64 |
| Jul-2024 | 27.51 |
| Aug-2024 | 19.91 |
| Sep-2024 | 6.97 |
| Oct-2024 | -6.14 |
| Nov-2024 | -14.81 |
| Dec-2024 | -4.19 |
| Jan-2025 | -6.65 |
The Stock Performance of Suzlon Energy Limited
The table below displays the month-by-month stock performance of Suzlon Energy Ltd for the past year.
| Month | Return (%) |
| Feb-2024 | -4.33 |
| Mar-2024 | -11.4 |
| Apr-2024 | 4.13 |
| May-2024 | 14.54 |
| Jun-2024 | 5.72 |
| Jul-2024 | 30.41 |
| Aug-2024 | 8.45 |
| Sep-2024 | 5.55 |
| Oct-2024 | -16.63 |
| Nov-2024 | -6.42 |
| Dec-2024 | -1.41 |
| Jan-2025 | -7.14 |
Fundamental Analysis of Inox Wind Ltd
Inox Wind Ltd is a prominent player in the renewable energy sector, specializing in wind power solutions. Established in 2011, the company is engaged in the manufacturing and installation of wind turbine generators and offers comprehensive services in wind project development. With a focus on sustainability, Inox Wind is committed to promoting clean energy alternatives, contributing to the reduction of carbon footprints across various regions.
Despite delivering an impressive 5-year CAGR of 78.55%, its one-year return stands at 8.53% and the stock remains 53.35% below its 52-week high. The company’s 5-year average net profit margin is -48.96%, reflecting ongoing financial challenges. Over the last six months, the stock has declined by 19.96%, though it has rebounded by 5.02% in the past month.
- Close Price ( ₹ ): 170.79
- Market Cap ( Cr ): 22972.85
- 1Y Return %: 8.53
- 6M Return %: -19.96
- 1M Return %: 5.02
- 5Y CAGR %: 78.55
- % Away From 52W High: 53.35
- 5Y Avg Net Profit Margin %: -48.96
Fundamental Analysis of Suzlon Energy
Suzlon is a prominent renewable energy company based in India, specializing in wind energy solutions. Established in 1995, the company has expanded its operations globally, focusing on sustainable energy generation and reducing carbon footprints. Suzlon offers a wide range of services, including wind turbine manufacturing, project development and maintenance, making it a key player in the renewable energy sector.
Despite a strong 5-year CAGR of 89.58%, its stock remains 67.33% below its 52-week high. Over the past year, it has delivered an 11.42% return, though the last six months saw a decline of 36.29%, with a further 10.28% drop in the past month.
- Close Price ( ₹ ): 51.42
- Market Cap ( Cr ): 72812.17
- 1Y Return %: 11.42
- 6M Return %: -36.29
- 1M Return %: -10.28
- 5Y CAGR %: 89.58
- % Away From 52W High: 67.33
- 5Y Avg Net Profit Margin %: -9.16
Financial Comparison of Inox Wind and Suzlon Energy
The table below shows a financial comparison of Inox Wind Ltd and Suzlon Energy Ltd.
| Stock | INOXWIND | SUZLON | ||||
| Financial type | FY 2023 | FY 2024 | TTM | FY 2023 | FY 2024 | TTM |
| Total Revenue (₹ Cr) | 754.35 | 1799.31 | 2952.14 | 8710.76 | 6575.72 | 9375.37 |
| EBITDA (₹ Cr) | -258.74 | 308.89 | 731.64 | 3572.15 | 1013.41 | 1573.47 |
| PBIT (₹ Cr) | -357.15 | 198.94 | 569.33 | 3312.47 | 823.81 | 1362.65 |
| PBT (₹ Cr) | -684.11 | -49.33 | 373.15 | 2891.71 | 659.49 | 1148.26 |
| Net Income (₹ Cr) | -708.61 | -40.44 | 307.90 | 2849.01 | 660.35 | 1143.53 |
| EPS (₹) | -6.47 | -0.31 | 2.36 | 2.53 | 0.51 | 0.84 |
| DPS (₹) | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 |
| Payout ratio (%) | 0.0 | 0.0 | 0.00 | 0.0 | 0.0 | 0.00 |
Points to be noted:
- (TTM) Trailing 12 Months – Trailing 12 months (TTM) is used to describe the past 12 consecutive months of a company’s performance data when reporting financial figures.
- EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization): Measures a company’s profitability before accounting for financial and non-cash expenses.
- PBIT (Profit Before Interest and Tax): Reflects operating profit by excluding interest and taxes from total revenue.
- PBT (Profit Before Tax): Indicates profit after deducting operating costs and interest but before taxes.
- Net Income: Represents the company’s total profit after all expenses, including taxes and interest, are deducted.
- EPS (Earnings Per Share): Shows the portion of a company’s profit allocated to each outstanding share of stock.
- DPS (Dividend Per Share): Reflects the total dividend paid out per share over a specific period.
- Payout Ratio: Measures the proportion of earnings distributed as dividends to shareholders.
Dividend of Inox Wind and Suzlon Energy
The table below displays the dividend paid by Suzlon Energy, while Inox Wind has not distributed any dividends yet.
| Suzlon Energy | |||
| Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
| 20 May, 2008 | 17 Jul, 2008 | Final | 1 |
| 5 Mar, 2007 | 16 Mar, 2007 | Interim | 5 |
| 15 May, 2006 | 6 July, 2006 | Final | 2.5 |
| 20 Jan, 2006 | 3 Feb, 2006 | Interim | 2.5 |
Advantages and Disadvantages of Investing in Inox Wind Limited
Inox Wind Ltd
The primary advantage of Inox Wind Ltd lies in its strong position in India’s renewable energy sector, offering integrated wind energy solutions. The company specializes in manufacturing wind turbine generators and components, ensuring efficient, cost-effective and sustainable energy production.
- Comprehensive Wind Solutions – Inox Wind provides end-to-end wind energy solutions, from turbine manufacturing to installation and maintenance, ensuring seamless project execution for clients across various sectors.
- Strong Manufacturing Capabilities – The company operates advanced manufacturing facilities in Gujarat, Himachal Pradesh and Madhya Pradesh, with a combined annual production capacity of 1,600 MW, supporting India’s renewable energy growth.
- Diverse Clientele – Inox Wind serves independent power producers, utilities, corporations and retail investors, demonstrating its reliability in delivering large-scale renewable energy projects across the country.
- Sustainable Energy Focus – The company emphasizes sustainability by developing efficient wind turbines designed to maximize energy output while minimizing environmental impact, aligning with India’s green energy objectives.
- Technological Advancements – With continuous innovation, Inox Wind enhances its turbine efficiency and adaptability, ensuring optimal energy generation across diverse wind conditions and reinforcing its competitive edge in the industry.
The main disadvantage of Inox Wind Ltd is its financial instability, marked by inconsistent profitability and high debt levels. These challenges affect its ability to scale operations, invest in innovation and maintain competitiveness in the rapidly evolving renewable energy sector.
- Inconsistent Financial Performance – The company has struggled with fluctuating revenues and profitability, making it difficult to sustain long-term growth and investor confidence in an industry requiring continuous investment.
- High Debt Burden – Inox Wind carries significant debt, impacting its financial flexibility and limiting expansion opportunities, which is crucial for maintaining a competitive edge in the renewable energy sector.
- Market Competition – The company faces intense competition from both domestic and international players like Suzlon Energy and global turbine manufacturers, making it challenging to secure major contracts and retain market share.
- Policy and Regulatory Risks – Renewable energy projects are heavily dependent on government policies and subsidies and any adverse policy changes could affect the company’s growth and financial stability.
- Operational Challenges – The wind energy sector requires significant infrastructure and maintenance efforts and any inefficiencies in supply chain management, turbine maintenance, or project execution can lead to increased costs and reduced profitability.
Advantages and Disadvantages of Investing in Suzlon Energy
Suzlon Energy Ltd
The primary advantage of Suzlon Energy Ltd is its leadership in India’s wind energy sector, backed by extensive experience and a strong market presence. The company specializes in designing, manufacturing and maintaining wind turbine generators, supporting India’s transition to renewable energy.
- Market Leadership – Suzlon is one of India’s largest wind energy companies, with a strong presence in multiple countries, providing innovative solutions and contributing significantly to the country’s renewable energy capacity.
- Technological Innovation – The company continuously enhances its wind turbine designs, improving efficiency and adaptability across different wind conditions, ensuring optimal energy generation while reducing operational costs.
- Strong Manufacturing Base – With multiple manufacturing facilities across India, Suzlon ensures high-quality production of wind turbine components, enabling large-scale project execution and sustainable energy generation.
- Sustainability Commitment – Suzlon emphasises environmental sustainability by developing clean energy solutions, reducing carbon emissions and supporting India’s green energy transition through cost-effective and scalable wind power projects.
- Diverse Client Portfolio – The company serves independent power producers, utilities and businesses, securing long-term contracts and maintaining stable revenue streams, strengthening its market position in the renewable energy sector.
The main disadvantage of Suzlon Energy Ltd is its financial instability, caused by high debt levels and inconsistent profitability. These financial challenges limit the company’s ability to invest in new technologies, expand operations and maintain a competitive edge in the wind energy sector.
- High Debt Levels – Suzlon has struggled with a heavy debt burden, affecting its financial flexibility and making it challenging to fund new projects or expand its market presence.
- Inconsistent Profitability – The company has faced financial losses over the years, leading to fluctuations in investor confidence and limiting its ability to reinvest in research and development for technological advancements.
- Intense Market Competition – Competing with global wind turbine manufacturers and domestic players like Inox Wind puts pressure on Suzlon to offer cost-effective solutions while maintaining profitability.
- Policy and Regulatory Risks – Government policies and incentives play a crucial role in the renewable energy sector and any adverse changes could impact Suzlon’s growth and financial stability.
- Operational Challenges – Wind energy projects require significant infrastructure and maintenance and inefficiencies in execution or supply chain disruptions can increase costs, leading to lower margins and potential project delays.
How to Invest in Suzlon Energy and Inox Wind Stocks?
To invest in Suzlon Energy and Inox Wind stocks, you need to open a demat and trading account with a stockbroker, conduct thorough research and execute trades strategically. A reliable broker like Alice Blue can help streamline the process.
- Open a Demat and Trading Account – Select a trusted stockbroker like Alice Blue to open your demat and trading account. This account is essential for buying, selling and holding shares of Suzlon Energy and Inox Wind in electronic format.
- Research Market Trends – Analyze financial statements, industry trends and company performance before investing. Understanding Suzlon Energy and Inox Wind’s market position and growth prospects will help in making informed investment decisions.
- Use a Reputable Stockbroker – Choosing a broker like Alice Blue ensures access to a user-friendly trading platform, low brokerage fees and expert research tools, making it easier to track and trade Suzlon and Inox Wind stocks efficiently.
- Place a Buy Order – Once you’ve decided on your investment amount, search for Suzlon Energy or Inox Wind stocks on your broker’s platform and place a buy order at a market or limit price based on your strategy.
- Monitor and Adjust Your Investment – Regularly track stock price movements, financial news and company updates. Consider using stop-loss and profit-booking strategies to maximize returns and minimize risks while holding these stocks in your portfolio.
Inox Wind vs. Suzlon Energy Limited- Conclusion
Inox Wind is a key player in India’s wind energy sector, offering integrated solutions from manufacturing to maintenance. With advanced technology and a strong client base, it continues to expand. However, financial instability and market competition pose challenges to its long-term growth and profitability.
Suzlon Energy is a market leader in India’s renewable energy space, known for its large-scale wind turbine manufacturing and sustainability initiatives. Despite technological advancements and a strong market presence, high debt levels and inconsistent profitability remain hurdles, impacting its ability to scale operations and maintain stability.
Inox Wind vs. Suzlon Energy – FAQ
1. What is Inox Wind Ltd?
Inox Wind Ltd is an Indian company specializing in manufacturing and providing comprehensive solutions for wind energy projects. It engages in the design, development and installation of wind turbines and offers services including project management and operation support to enhance renewable energy generation.
2. What is Suzlon Energy Ltd?
Suzlon Energy Ltd is an Indian renewable energy company specializing in wind power solutions. Established in 1995, it focuses on the design, development and installation of wind turbines and renewable energy projects globally, contributing to sustainable energy initiatives and reducing carbon footprints.
3. What are Renewable Energy Stocks?
Renewable energy stocks are shares of companies involved in producing and distributing sustainable energy sources like wind, solar, hydro and bioenergy. These companies focus on reducing carbon emissions and promoting clean energy solutions. Investing in renewable energy stocks offers long-term growth potential as the world shifts toward sustainable power sources.
4. Who is the CEO of Inox Wind Ltd?
Kailash Lal Tarachandani serves as the Chief Executive Officer of Inox Wind Ltd. With over 28 years of experience in strategy management, global project execution, product management and business development.
5. What Are The Main Competitors For Inox Wind And Suzlon Energy?
The main competitors of Inox Wind and Suzlon Energy include Siemens Gamesa Renewable Energy, Vestas Wind Systems, GE Renewable Energy and ReNew Power in the wind energy sector. These companies offer advanced wind turbine technology and large-scale renewable energy solutions, creating strong competition in India’s and the global wind energy market.
6. What Is The Net Worth Of Suzlon Energy Vs Inox Wind?
As of February 14, 2025, Suzlon Energy Limited has a market capitalization of approximately ₹701.78 billion, reflecting its total outstanding shares’ value. In comparison, Inox Wind Limited’s market capitalization stands at around ₹22,416.13 crore, indicating its current market valuation.
7. What Are The Key Growth Areas For Inox Wind?
Inox Wind’s key growth areas include expanding its wind turbine manufacturing capacity, enhancing technological innovation for higher efficiency and increasing market penetration in India’s renewable energy sector. The company also focuses on strategic partnerships, government policy support and infrastructure development to strengthen its position in the wind energy industry.
8. What Are The Key Growth Areas For Suzlon Energy Limited?
Suzlon Energy Limited’s key growth areas include expanding its wind energy portfolio, enhancing turbine efficiency through technological advancements and strengthening its presence in domestic and international markets. The company also focuses on debt reduction, government policy support and sustainable energy initiatives to drive long-term growth in the renewable sector.
9. Which Company Offers Better Dividends, Inox Wind Or Suzlon Energy?
Suzlon Energy has a history of offering dividends, whereas Inox Wind has not provided any dividends yet. Investors seeking dividend income may find Suzlon more attractive, but both companies’ financial performance and growth prospects should be considered before making an investment decision in the renewable energy sector.
10. Which Stock Is Better For Long-term Investors, Inox Wind Or Suzlon Energy?
For long-term investors, Suzlon Energy may offer better potential due to its market leadership, larger installed capacity and technological advancements. However, Inox Wind’s strong manufacturing capabilities and expansion plans make it a promising contender. Investors should assess financial stability, debt levels and growth prospects before making a decision.
11. Which Sectors Contribute Most To Inox Wind And Suzlon Energy’s Revenue?
Inox Wind and Suzlon Energy primarily generate revenue from the renewable energy sector, specifically wind turbine manufacturing, installation and maintenance services. Their key revenue sources include independent power producers (IPPs), government-backed renewable energy projects, utilities and corporate clients investing in sustainable energy solutions to meet clean energy targets.
12. Which Stocks Are More Profitable, Inox Wind Or Suzlon Energy Ltd?
Suzlon Energy has shown stronger financial recovery and higher revenue due to its market leadership and extensive installed capacity, while Inox Wind struggles with profitability and financial stability. However, Suzlon’s high debt remains a concern, making both stocks subject to market risks and long-term growth potential.
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Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
