Inox India Ltd
Incorporated in 1976, Inox India Limited offers solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions[1]Inox India specializes in supplying cryogenic equipment, particularly tanks. The company offers comprehensive solutions for equipment and systems operating in cryogenic conditions.[2]
- Market Cap ₹ 12,163 Cr.
- Current Price ₹ 1,340
- High / Low ₹ 1,473 / 802
- Stock P/E 65.4
- Book Value ₹ 74.5
- Dividend Yield 0.00 %
- ROCE 39.4 %
- ROE 29.5 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
Cons
- Stock is trading at 18.0 times its book value
- Working capital days have increased from 68.8 days to 132 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 639 | 640 | 587 | 777 | 950 | 1,085 | |
| 495 | 508 | 452 | 611 | 744 | 849 | |
| Operating Profit | 144 | 132 | 135 | 165 | 206 | 236 |
| OPM % | 22% | 21% | 23% | 21% | 22% | 22% |
| -190 | 20 | 15 | 21 | 19 | 32 | |
| Interest | 27 | 25 | 7 | 2 | 3 | 5 |
| Depreciation | 9 | 11 | 11 | 11 | 13 | 17 |
| Profit before tax | -83 | 116 | 132 | 173 | 208 | 246 |
| Tax % | 71% | 39% | 27% | 26% | 25% | 24% |
| -24 | 71 | 97 | 128 | 156 | 186 | |
| EPS in Rs | -26.37 | 77.83 | 107.05 | 14.14 | 17.21 | 20.51 |
| Dividend Payout % | -0% | -0% | -0% | 11% | 73% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 23% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 24% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 28% |
| Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 18 | 18 | 18 |
| Reserves | 232 | 303 | 399 | 516 | 567 | 658 |
| 284 | 145 | 60 | 43 | -0 | 14 | |
| 221 | 197 | 252 | 343 | 568 | 529 | |
| Total Liabilities | 747 | 654 | 720 | 920 | 1,153 | 1,220 |
| 93 | 104 | 99 | 130 | 161 | 251 | |
| CWIP | 0 | 0 | 2 | 2 | 0 | 5 |
| Investments | 119 | 125 | 69 | 356 | 293 | 291 |
| 535 | 425 | 550 | 432 | 699 | 672 | |
| Total Assets | 747 | 654 | 720 | 920 | 1,153 | 1,220 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 59 | 164 | 226 | 94 | 169 | 125 | |
| -22 | -2 | -160 | -70 | -9 | -29 | |
| -5 | -167 | -95 | -25 | -153 | -102 | |
| Net Cash Flow | 33 | -5 | -28 | -0 | 6 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 87 | 81 | 69 | 37 | 50 | 53 |
| Inventory Days | 330 | 208 | 217 | 345 | 352 | 330 |
| Days Payable | 33 | 19 | 27 | 43 | 53 | 61 |
| Cash Conversion Cycle | 384 | 270 | 260 | 339 | 348 | 322 |
| Working Capital Days | 96 | 70 | 37 | 42 | 32 | 132 |
| ROCE % | 28% | 30% | 33% | 36% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9h - Transcript of Earnings call held on 13th May, 2024.
- Intimation Of 47Th Annual General Meeting Of The Company. 2d
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 May - Outcome of Conference Call with Analysts/Investors- Audio Recordings on 13th May, 2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 May - Result Press Release- Quarter and Year ended 31st March, 2024.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
13 May - Will be made at scheduled Investor /Analyst Meet to be held on Monday, 13th May, 2024 at 5.00 pm IST.
Concalls
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
Business Divison[1]
1. Industrial Gas (71% of FY23 revenue)
The division designs, manufactures, and installs cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases, including green hydrogen and oxygen.