Customer site readiness delays
Delays in site readiness by customers, especially for equipment supply contracts, are impacting turbine offtake and may persist.
INOXGREENENERGY / bear-case history
Track the concerns that keep returning.
Inox Green Energy · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Shift from megawatt to revenue guidance raises transparency concerns
Analysts questioned the logic of withdrawing megawatt guidance; management acknowledged execution challenges but deflected on exact megawatt targets.
Working capital pressure from ramp-up
Working capital days remain elevated at 200-210, above the earlier target of 120 days, due to rapid scaling.
Dependence on group company Inox Clean for orders
A significant portion of future order visibility relies on Inox Clean's IPP pipeline, which is a separate entity.