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  • Suzlon Share Price: The Real Reason Nuvama Trimmed Its Target

    When it comes to renewable energy stocks, few names spark as much investor curiosity as suzlon share price. After a robust rally in recent months, Suzlon Energy’s latest Q1FY26 results have triggered a mix of excitement and caution among market watchers. Brokerage firm Nuvama has revised its target price slightly lower, citing softer realisations — yet it remains positive on the company’s long-term growth prospects.

    So, what’s really going on behind the scenes? Let’s break it down.

    A Quarter That Delivered… But Not Quite Enough

    Suzlon Energy’s Q1FY26 performance wasn’t a flop — far from it. The company executed 444MW during the quarter, showing operational strength. Revenue came in at around ₹3,100 crore, marking a solid 55% year-on-year jump. But here’s the twist — this figure still fell 6% short of Nuvama’s expectations.

    Why? A reduced EPC (Engineering, Procurement, and Construction) mix led to softer realisations, meaning the money earned per unit wasn’t as high as the brokerage had hoped. In stock market terms, it’s like winning the match but missing out on a bonus point — still a good result, but investors always want that little extra.

    The Capacity Ramp-Up Story

    Suzlon’s management has been hard at work scaling operations. Capacity has now ramped up to 4.5GW, and the company is sticking to its bold forecast of 60% year-on-year growth across several key financial metrics for FY26.

    This is important for suzlon share price watchers because capacity growth directly impacts revenue potential. More capacity means more projects, more installations, and ultimately more earnings — provided execution remains smooth.

    Why Nuvama Lowered Its Target Price

    Despite all this growth, Nuvama has adjusted its target price from ₹68 to ₹67. That’s a small cut — just ₹1 — but in the stock market, even small tweaks are worth noting.

    The reason for the downgrade? The brokerage expects ongoing softness in realisations due to the EPC mix. In plain English, it’s not about how much Suzlon is selling — it’s about the margins it’s making on each deal.

    This means investors should keep an eye not just on topline revenue, but on profitability metrics too. After all, a bigger pie isn’t worth much if each slice is thinner.

    Earnings Quality – Margins Tell the Real Story

    Here’s the silver lining — Suzlon’s EBITDA margin in Q1FY26 stood at an impressive 19.1%, well above the estimated 17.4%. That’s a clear sign of operating leverage kicking in — when fixed costs stay the same but output increases, boosting profitability.

    For long-term investors, strong margins can be just as important as revenue growth. A high margin not only supports suzlon share price but also gives the company breathing room to weather temporary setbacks.

    The Installation Bottleneck

    Not everything is smooth sailing. Suzlon’s installations faced challenges due to transmission and land-related obstacles. This isn’t unique to Suzlon — it’s an industry-wide problem in India’s renewable energy sector.

    The good news? Management expects these hurdles to ease in the coming quarters. Once that happens, installation rates could pick up, further supporting revenue and profit growth.

    The CFO Exit – A Transition Period

    Adding another layer of intrigue, CFO Himanshu Mody has resigned, effective 31 August 2025. This is significant because Mody played a key role in Suzlon’s financial restructuring.

    While leadership changes can make investors jittery, the company has assured that a replacement is in the final stages of selection. If the transition is smooth, the impact on suzlon share price could be minimal — but in the short term, market sentiment might sway.

    The Long-Term Growth Engine – A 5.7GW Order Book

    One of the biggest reasons Nuvama remains bullish on Suzlon’s future is its massive 5.7GW order book. In the renewable energy business, an order book is like a farmer’s crop in the field — it guarantees future harvests, as long as execution is timely and efficient.

    This robust pipeline provides Suzlon with clear revenue visibility for the next couple of years. It also means the company can focus on operational improvements rather than scrambling for new business every quarter.

    Strategic Positioning in a Competitive Market

    Suzlon isn’t just any player in the renewable energy space — it commands around 30% market share in the EPC+WTG (Wind Turbine Generator) capabilities segment. This makes it one of the go-to companies for government tenders.

    What’s more, Suzlon has a dual-market strategy, targeting both the Commercial & Industrial (C&I) sector and the Public Sector Undertaking (PSU) segment. This diversification shields it from overreliance on a single customer type.

    The Renewable Energy Wave – Suzlon’s Big Advantage

    India is on a mission to increase its renewable energy capacity dramatically over the next decade. This includes a rising mix of FDRE (Firm and Dispatchable Renewable Energy), RTC (Round-the-Clock), and Hybrid projects in government tenders.

    Suzlon’s established expertise and market presence position it to capture a significant slice of this growth. That’s why, despite near-term challenges, the long-term outlook for suzlon share price remains promising.

    Why Investors Should Watch Margins More Than Revenue

    For retail investors, it’s tempting to focus solely on revenue growth. But in Suzlon’s case, the real story is in the margins. If the company can maintain or improve its EBITDA margin above 18% while scaling capacity, it could unlock significant value for shareholders.

    That’s why Nuvama’s cautious optimism makes sense — the near-term upside for suzlon share price might be limited, but the foundation for future growth is solid.

    Market Sentiment – Cautious but Hopeful

    Right now, the broader market view on Suzlon is cautiously optimistic. Traders see potential in the stock but are mindful of execution risks. With the target price now at ₹67, there’s limited immediate upside from current levels — unless the company delivers a positive surprise in the next earnings report.

    For long-term investors, this could be a classic “accumulate on dips” situation, especially if the suzlon share price experiences short-term volatility.

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    Conclusion

    Suzlon’s Q1FY26 results tell a story of growth mixed with challenges. Execution is strong, margins are healthy, and the order book is robust — yet softer realisations have kept analysts from going all-in on bullish targets. Nuvama’s slight target price cut to ₹67 reflects this balance of optimism and caution.

    For investors tracking suzlon share price, the key factors to watch will be margin stability, resolution of installation bottlenecks, and smooth leadership transitions. If these align positively, Suzlon could be well on its way to capturing an even bigger share of India’s renewable energy boom.

  • Inox Wind Share Price: Nuvama Ups Target After Strong Q4FY25 Results

    Introduction: Inox Wind Blows Past Expectations (Almost)

    It’s been a whirlwind quarter for Inox Wind—quite literally. While the company didn’t fully meet execution expectations, it still managed to turn heads with a robust operating performance. The buzz? Nuvama Institutional Equities just bumped up its target for Inox Wind share price, and here’s why this could matter big time for investors.

    Let’s dive deep into the storm of numbers, market insights, and what lies ahead for one of India’s only two wind EPC (Engineering, Procurement, and Construction) suppliers.

    Strong Finish to FY25: The Wind Blew Harder in Q4

    Inox Wind share price got a breath of fresh air thanks to a solid execution performance in Q4FY25. The company commissioned 236MW, a massive 83% year-on-year growth. Sure, it came in slightly under expectations (estimated at 281MW), but hey—who’s complaining when the revenue clocks in at ₹1,270 crore?

    What’s interesting here is that this revenue came despite lower realisation per MW, meaning they made less money per unit of capacity. But thanks to a smarter mix of products, margins improved, boosting their operating profit margin (OPM) to 19.9%.

    Earnings and Margins: A Closer Look

    Profit after tax? A cool ₹190 crore. Right on target. The star of the show? That robust OPM we just talked about. It helped maintain EBITDA in line with estimates—even when order inflows were on the softer side.

    Speaking of orders, the company reported an order inflow of just 153MW for the quarter. Not great, but not a disaster either. That brings the total order book to 3.2GW, providing enough execution visibility for the next 24 months.

    Full-Year Performance: Not Quite There, But Still Impressive

    Looking at the big picture, Inox Wind managed to commission 705MW during FY25—slightly shy of their 800MW target. But here’s the kicker: they’re sticking to their guns for FY26 and FY27.

    Revised execution guidance now stands at 1,200MW (1.2GW) for FY26 and a bold 2,000MW (2GW) for FY27. That’s confidence, folks. Even Nuvama raised its earlier estimate from 1.8GW to 2GW.

    Merger Mania: Two Inoxes Become One

    In a major development, the company got a nod from the NCLT for the amalgamation of Inox Wind Energy Limited with Inox Wind Limited. This corporate shake-up will increase share count by 25%, leading to some EPS (Earnings Per Share) dilution.

    But don’t worry—there’s a silver lining. The merger will eliminate a significant liability: NCRPS worth ₹2,000 crore. That was a major red flag in Nuvama’s SoTP (Sum of the Parts) valuation earlier. With that out of the way, the outlook just got sunnier.

    How Does Inox Wind Stack Up Against Suzlon Energy?

    Let’s talk competitors. Inox Wind and Suzlon Energy are the only two major wind EPC+WTG (Wind Turbine Generator) players in India. So comparisons are inevitable.

    Nuvama has pegged Inox Wind’s valuation at 24.4 times FY27 EPS, while Suzlon is currently trading at 31.8 times. Translation? Inox Wind might actually be undervalued, considering its growing footprint and cleaner balance sheet.

    What’s Driving the Optimism Around Inox Wind Share Price?

    Let’s simplify it. Here’s why Nuvama upgraded its Inox Wind share price target from ₹223 to ₹236:

    • Strong execution momentum in Q4

    • Clean-up of debt thanks to the merger

    • A hefty 3.2GW order book

    • Improved margins despite lower per-MW revenue

    • Competitive edge in a duopoly market

    Add all that up and you’ve got a company that’s leaner, meaner, and ready to grow.

    The Duopoly Advantage: Limited Competition, Unlimited Potential

    In the world of wind EPC, competition is surprisingly scarce. With just two serious players in the Indian market, Inox Wind enjoys a unique edge. This duopolistic setup means better pricing power, more predictable orders, and less room for disruptive new entrants.

    If you’re looking for a long-term bet in the green energy space, Inox Wind share price is one to watch.

    Investor Takeaways: Should You Buy Inox Wind Shares?

    Here’s the million-dollar question—or should we say ₹236 question?

    Nuvama says “Buy.” That’s their rating, and for good reason. Despite the minor miss in full-year execution and EPS dilution from the merger, the bigger picture is promising.

    You’ve got:

    • A healthy order pipeline

    • Margin expansion

    • Debt reduction

    • Government support for renewables

    • Execution guidance with long-term visibility

    It’s a compelling mix that makes Inox Wind share price worthy of investor attention.

    Risks to Watch: It’s Not All Smooth Sailing

    Let’s not get carried away with the wind. A few bumps remain:

    • Order inflow was relatively weak this quarter. If that continues, future revenue could take a hit.

    • EPS dilution from the merger, though beneficial long-term, might pressure short-term valuations.

    • Execution delays or policy shifts in the renewable energy sector could throw a wrench in the works.

    But even with those risks, the Inox Wind share price still looks strong from a growth investor’s lens.

    Conclusion

    So what’s the final verdict? Inox Wind is clearly emerging as a leader in India’s growing renewable energy ecosystem. With Q4FY25 showcasing operational excellence, a major merger simplifying the structure, and strong projections for the future, this stock is catching the wind in its sails.

    The Inox Wind share price may face short-term noise due to EPS dilution and subdued order inflows, but its long-term potential looks rock solid. If you’re a retail investor, it’s worth keeping this one on your radar.

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    After the Conclusion

    As the world turns toward sustainability and India pushes for aggressive renewable targets, companies like Inox Wind are poised to ride the green wave. With limited competition and improving fundamentals, don’t be surprised if this stock becomes a heavyweight in the wind energy arena.

    So, next time someone talks about clean energy investments, just say, “You mean Inox Wind share price, right?”