Motilal Oswal has issued a buy rating on Inox Wind with a target price of ₹92 in its research report dated August 08, 2026. According to the brokerage's analysis, the recommendation is based on attractive valuations despite recent operational challenges. The target price is derived using a valuation multiple of 20x FY28E EPS, reflecting confidence in the company's long-term prospects.
Inox Wind (IWL) missed revenue estimates by 15% at ₹8.1 billion in the first quarter of FY27. As reported by Motilal Oswal, EBITDA of ₹1.5 billion came in 18% below estimates, with an EBITDA margin of 19% compared to 22% in Q1 FY26 and 16% in Q4 FY26. Adjusted PAT came in at ₹0.4 billion, 48% below estimates, indicating significant operational challenges during the quarter.
Despite the weak Q1 performance, Motilal Oswal reiterates its BUY rating on Inox Wind based on the attractive valuation metrics. The brokerage's target price of ₹92 represents a significant upside potential from current levels, suggesting confidence in the company's ability to recover and deliver better performance in subsequent quarters. The recommendation reflects the brokerage's view that the current valuation levels present an opportune entry point for investors.
