3:1 Bonus Share & DIIs Bought 72,76,501 Shares: Suzlon Peer Company’s Bags a Large 153 MW Order From a Leading Renewable Energy Developer
The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years.
Suzlon Peer Company’s Inox Wind, a subsidiary of INOX Group, manufactures wind turbines and offers complete solutions for wind farms in India. Focused on innovation and sustainability, they aim to be a major player in India's renewable energy shift.
Inox Wind Limited (IWL), a prominent Indian wind energy solutions provider, has secured a significant 153 MW order. This milestone marks their first order of this magnitude from a leading renewable energy player, which is part of a large global clean energy company. The project, slated for development in Tamil Nadu, will utilize IWL's 3 MW class turbines, reinforcing the company's position in the Indian renewable energy sector.
Beyond the supply of turbines, the contract encompasses limited scope EPC (Engineering, Procurement, and Construction) services. Crucially, IWL will also provide multi-year post-commissioning Operations and Maintenance (O&M) services, ensuring the long-term efficiency and reliability of the wind farm. This comprehensive service package underscores IWL's commitment to delivering end-to-end solutions and fostering lasting partnerships with its clients.
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Results: According to Quarterly Results, the net sales increased by 81 per cent to Rs 911.3 crore in Q3FY25 compared to net sales of Rs 503.5 crore in Q3FY24. The company reported a net profit of Rs 116.7 crore in Q3FY25 compared to a net profit of Rs 1.1 crore in Q3FY24, an increase of 10,802 per cent. In its nine-month results, the net sales increased by 87 per cent to Rs 2,282.3 crore in 9MFY25 compared to net sales of Rs 1,222.8 crore in 9MFY24. The company reported a net profit of Rs 261.3 crore in 9MFY25 compared to a net loss of Rs 87.3 crore in 9MFY24, an increase of 400 per cent. Looking at its annual results, the net sales increased by 137.8 per cent to Rs 1,743.24 crore in FY24 compared to FY23. The company reported a net loss of Rs 50.79 crore in FY24 compared to a net loss of Rs 696.84 crore in FY23.
The company has a market cap of over Rs 20,000 crore with a 3-year stock price CAGR of 115 per cent. The company’s order book is 3,286 MW as of December 31, 2024. DIIs bought 72,76,501 shares and increased their stake to 9.81 per cent in December 2024 compared to September 2024. The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years. Investors should keep an eye on this multibagger stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.