Inox Green Energy Share Price Target 2026, 2027, 2028, 2030 Forecast

Inox Green Energy Services Limited (IGESL) is an important company in the Renewable Energy sector of India. In this article, we will discuss the potential share price target of Inox Green Energy from 2026 to 2030. Along with this, the reasons for the future growth of the company and some important factors that can affect the performance of the company will be analysed in a simple way.

Inox Green Energy Share Price Target (2026 to 2030) – Quick Overview

Inox Green Energy: Company Overview & Business Model (NSE: INOXGREEN, BSE: 543667)

This company was first established as a public limited company on 11th May 2012. At that time, the company’s name was Inox Wind Infrastructure Services Limited. Later on 27th October 2021, the company’s name was changed to Inox Green Energy Services Limited. INOX Green is a subsidiary company of Inox Wind Limited and is part of the INOXGFL Group.

INOX Green’s core business is providing Operation & Maintenance (O&M) services for Wind Turbine Generators (WTGs). The services that the company offers are—

• Operation Services
  • Wind turbine operating 24×7.
  • Coordination with DISCOM.
  • Ensuring maximum power generation.
• Maintenance Services
  • Predictive Maintenance: Being able to detect problems in equipment in advance.
  • Reactive Maintenance: Quickly repair a device if it breaks down.
• Value Added Services
  • Performance improvement.
  • Hybrid energy solutions.
  • Asset management and monitoring systems.

Inox Green Energy Share Price Today (LIVE Chart)

Key Growth Factors Behind Inox Green Energy Services

• Asset-Light Business Model: The biggest advantage of Inox Green is that they don’t have to build their own huge factories. They are essentially service providers. As a result, their costs are low, but their profit margins are very high.
• Long-Term Contracts: IGESL typically enters into O&M contracts for periods of 5 to 20 years. In such contracts, the company generates mostly fixed or stable revenue.
• Strong Government Support: The government is providing support in various ways such as policy, incentives, funding support, etc, to grow the renewable energy sector.
• Value-added services: The company not only offers basic O&M, but also provides value-added services like refurbishment, booster sales, and carbon credit trading. These can be new revenue sources in the future and help in further growth.
• INOX Group Ecosystem: INOX Green has a strong ecosystem, which is why INOX Group has a high growth potential. Because the group installs INOX Wind turbines, runs INOX Clean Energy projects, and supports INOX Solar. Once these projects are launched, regular O&M services are required, which INOX Green provides. Therefore, as the group’s new projects increase, INOX Green’s work and portfolio can also increase. (Source: INOX Green Investor Presentation Sep 2025 PDF)

Inox Green Energy Share Price Target 2026

The Indian government has reduced the GST on solar cells and wind turbine equipment from 12% to 5% to further boost the growth of the renewable energy sector. This will reduce the cost of building new solar and wind projects, which is likely to increase the number of renewable projects in the country in the future. Inox Green also has to buy a lot of spare parts throughout the year for maintenance. If the tax is reduced, their operational costs will come down a lot, which will directly increase the company’s profit margin and help increase the share price. (Source: The New Indian Express)

According to our analysis, the estimated share price target for Inox Green Energy Services by 2026 could range between ₹133 and ₹296.

Inox Green Energy Share Price Target 2027

As per the company’s presentation, INOX Green has completed the investment to acquire 6.5 GW wind O&M assets, taking the total O&M portfolio to ~13 GW plus. Most importantly, these 6.5 GW figures will be consolidated in the company’s profit and loss statement (P&L) from FY27 onwards. This means that the impact of the income from this new portfolio can be seen more clearly in FY27, which can play a major role in increasing the company’s earnings and overall growth. According to our analysis, the estimated share price target for Inox Green Energy Services by 2027 could range between ₹211 and ₹381.

Inox Green Energy Share Price Target 2028

The Indian government has set a target of increasing wind energy capacity from 53 GW to 122 GW. This means that thousands of new wind turbines will be installed in the next few years. Since Inox Green also provides maintenance (O&M) services to these turbines, this huge market growth will directly expand their business. There are also around 25 GW of old wind turbines in India that are now due for modernisation or ‘repowering’, which is a great opportunity for Inox Green Energy. Based on our analysis, the projected share price target for Inox Green Energy Services in 2028 ranges from a minimum of ₹309 to a maximum of ₹488.

Inox Green Energy Share Price Target 2029

The company is demerging its ‘Power Evacuation’ or sub-station business with ‘Inox Renewable Solutions’. But what will be the benefit of this demerger? Once the demerger process is complete, Depreciation will be reduced significantly on the balance sheet. If the expenses are reduced, the company’s Net Profit (PAT) may increase. According to our analysis, the estimated share price target for Inox Green Energy by 2029 could range between ₹425 and ₹634.

Inox Green Energy Share Price Target 2030

India will need about 125 GW of renewable energy to meet its 5 mmtpa green hydrogen target. Companies like Inox Green will be responsible for maintaining the thousands of turbines that will be installed to generate this huge amount of energy. Moreover, wind energy is one of the cheapest sources of electricity compared to other sources. While solar panels work during the day, wind turbines can also generate electricity at night, which keeps the grid stable. Due to this necessity, large commercial and industrial companies are signing up for long-term contracts with reliable companies like Inox Green.

According to our analysis, the estimated share price target for Inox Green Energy Services by 2030 could range between ₹554 and ₹791.

> Read More: NTPC Green Energy Share Price Target 2026, 2030, 2040, 2050

Technical Chart Analysis

• 50 EMA and 200 EMA Analysis:  According to the Daily Time Frame, the price is currently below both the 50 EMA and 200 EMA, which indicates bearish pressure in the short term. If the price closes the candle above the 200 EMA again, then there is a possibility of the trend gradually strengthening again.
• Support Levels Analysis: The primary support level of this stock is ₹150 – ₹155. If this zone is broken, there is a high chance of a big correction. The next major support level is ₹140 – ₹145. If the primary support breaks, there may be big buying at this level.
• Resistance Levels Analysis: Primary resistance is at ₹185–₹195. If this resistance is broken, the next major resistance zone is the ₹210–₹220 level.
• RSI 14 Analysis: Currently RSI(14) is at around 29.50 level, which is generally considered as Oversold Zone. However, if market sentiment is weak, the price may go sideways or even lower for a few days even in oversold condition. According to RSI, the situation now is High volatility + reversal possible.
• Volume Analysis: The chart shows that the volume has not been very strong recently, but the volume was noticeable when the price dropped significantly. The stock has good selling pressure and strong accumulation has not been confirmed yet.
• Trend: The trend is currently Bearish / Downtrend.

Important Key Metrics

Inox Green Latest News & Updates

• 20 January 2026: Inox Green Energy Services has received a Letter of Award (LOA) from KEC International for providing O&M (Operations & Maintenance) services for a 625 MWp solar project in Bhadla, Rajasthan. With the addition of this new contract, the company’s Solar O&M portfolio has crossed 3 GW, and the total Renewable O&M portfolio has now crossed 13 GW—a positive signal of the company’s rapid expansion in both Solar and Wind segments. (Source: Business Standard)

Inox Green Energy Analysis: Future Strengths and Major Risks & Challenges

Strengths:

• Entry of new segments: Not just wind power, the company has now also started working on solar and hybrid projects.
• Long-term contracts: There are long-term contracts of 5 to 20 years, so the income is stable.
• Large O&M portfolio: The company’s current portfolio is more than 13.35 GW.
• Pan India Presence: INOX Green Energy Services provides Wind O&M services in 8 states and Solar O&M services in 10 states in India.
• Customer base diversified: INOX Green’s customer base is diversified, including private companies, power utilities, and government agencies.
• Advanced Technology: Preventive maintenance with advanced AI technology has the potential to reduce breakdowns, reduce operational costs, and increase efficiency.
• Debt Reduction: Companies are rapidly reducing debt from their balance sheets, which is a big positive sign for the future.

Risks & Challenges:

• Operational performance risk: It is important to maintain machine availability. Dropping availability can make it difficult to get contracts in the future.
• High Valuation: The company’s valuation is currently high, trading at a P/E ratio above 90.
• Low ROE & ROCE: ROE is only 1.02%, and ROCE is only 2.60%, which is much lower than normal.
• Margins under Pressure: A company’s continuously declining operating profit margin (OPM%) is a concern; it means that operating costs are increasing.
• High Competition: Competition with big companies like Adani or Suzlon.
• Policy/Regulation changes: If the government changes renewable policy or tender rules, the business may be affected.
• FIIs & DIIs Holding: FIIs and DIIs have reduced their share holdings in the last 1 year.

> Read More: SJVN Share Price Target 2026, 2030, 2040, 2050

Conclusion

INOX Green Energy Services is a good Renewable O&M company. The growth of this business will increase steadily because the Indian government is giving great importance to this sector. Moreover, the demand for electricity in India is increasing, so the more wind mills and solar power plants are built, the more the demand for Operation & Maintenance will increase, which is a great opportunity for such companies. However, at the same time, there are many risks like market fluctuations, high valuation, competition and policy changes. So it is best to do your own research before investing and make a decision, understanding the risks.

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Disclaimer

This post is for educational purposes only, not investment advice. We, the StockPriceTarget.in team, are not SEBI-registered research advisors. The INOX Green Energy Services share price target for 2026 to 2030 given here is not guaranteed and may change in the future. Do your own research before investing—we are in no way responsible for your profit or loss.