KR Choksey recommended hold rating on Inox Wind with a target price of Rs 171 in its research report dated May 16, 2017.
KR Choksey's research report on Inox Wind
Inox winds ltd is one of India’s leading wind power solution providers. It manufactures wind turbine generators (WTGs) and provides turnkey solutions by supplying WTGs. IWL manufactures most of the key components of WTGs, like nacelles, hubs, rotor blade sets and towers, in-house. However, it sources gearboxes, electric control systems (ECS) and generators from some of the globally established players.
In terms of valuation, we have valued the company on FY19 basis by providing P/E multiple of 10x, we have arrived a target price of INR 171, an upside potential of 3%. We recommend ‘HOLD’ rating on the stock.
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