INOX Wind

Here are some notes from their last concall…

1. Here Devansh Jain talks about significalt scale up next FY.

2. Here Mr. Devansh Jain says that next fy should be very very profitable year, ROE/ ROCE to be at 20% & company should be net debt free in 12- 15 months.

3. Here, company says that if it is going to be 10 GW market ( IN THE NEXT 18-24 MONTHS ), then we need many big players to execute this projects. And he also says that “In the peak days in past, all players used to be very profitable”

So, Inox wind is talking about next 18-24 months in concall and frankly speaking I dont think any management can give guidance beyond 2 years.

It all depends on how much of that “10 GW / year” order is given by new goverment of 2024 in the future period.

Disc: Invested, biased views