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Inox Wind: ICICI Securities Reiterates BUY Rating, Raises Target Price to INR 180

Energy

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Published on 18th November 2025, 11:01 AM

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Author

Abhay Singh | Whalesbook News Team

Overview

ICICI Securities has reaffirmed its BUY rating on Inox Wind, increasing the target price to INR 180 from INR 170. The report highlights Inox Wind's strong first half of FY26, with 42% revenue growth and improved EBITDA margins. Execution reached 348MW, and the company plans significant expansion in manufacturing capacity, including a new blade and tower unit in South India. The healthy order book and industry tailwinds support a positive outlook.