Inox India Ltd

Inox India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Inox India Ltd

₹ 1,212 -1.37%
10 Jun - close price
inoxcva.com BSE: 544046 NSE: INOXINDIA
About

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]

Key Points

Business Divison[1]
1. Industrial Gas (59% of Q2FY25 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.

Website BSE NSE
  • Market Cap ₹ 11,011 Cr.
  • Current Price ₹ 1,212
  • High / Low ₹ 1,507 / 884
  • Stock P/E 49.9
  • Book Value ₹ 96.3
  • Dividend Yield 0.16 %
  • ROCE 38.0 %
  • ROE 29.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 22.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
  • Company has been maintaining a healthy dividend payout of 56.9%

Cons

  • Stock is trading at 12.6 times its book value
  • Working capital days have increased from 50.1 days to 72.2 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.

Peer comparison

Industrials Capital Goods Industrial Products Other Industrial Products

Part of Nifty 500 BSE SmallCap BSE Allcap BSE Industrials Nifty MidSmallcap 400

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
244 235 308 258 291 277 296 307 334 369
192 195 237 199 224 223 226 243 265 288
Operating Profit 52 40 72 59 67 53 70 64 69 81
OPM % 21% 17% 23% 23% 23% 19% 24% 21% 21% 22%
6 6 8 7 5 11 5 13 16 14
Interest 1 2 1 1 2 2 2 3 2 1
Depreciation 4 3 4 4 5 5 6 6 6 7
Profit before tax 54 41 76 60 64 58 68 69 76 86
Tax % 24% 25% 25% 23% 24% 24% 23% 28% 23% 24%
41 31 57 46 49 44 53 49 58 66
EPS in Rs 4.48 3.37 6.29 5.10 5.35 4.86 5.80 5.45 6.43 7.22
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
650 649 595 783 966 1,133 1,306
506 516 459 615 761 882 1,021
Operating Profit 144 133 136 168 205 252 285
OPM % 22% 20% 23% 21% 21% 22% 22%
28 48 15 21 19 30 48
Interest 27 26 7 2 4 6 9
Depreciation 9 12 12 12 14 18 25
Profit before tax 135 144 133 174 207 258 299
Tax % -44% 32% 27% 25% 25% 24% 24%
193 97 97 130 155 196 226
EPS in Rs 213.05 107.23 107.40 14.38 17.05 21.59 24.90
Dividend Payout % 0% 0% 0% 10% 67% 51% 52%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 19%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 20%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -5%
Return on Equity
10 Years: %
5 Years: 30%
3 Years: 30%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 9 18 18 18 18
Reserves 201 270 363 484 531 631 856
284 145 60 55 9 16 43
231 205 259 340 589 558 737
Total Liabilities 725 629 691 897 1,148 1,223 1,654
94 110 102 134 164 255 359
CWIP 0 0 2 2 0 5 4
Investments 81 80 25 312 249 247 267
549 439 562 449 734 716 1,023
Total Assets 725 629 691 897 1,148 1,223 1,654

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
85 188 233 97 177 122 122
136 -28 26 -72 -13 -26 -141
-186 -168 -96 -26 -154 -103 17
Net Cash Flow 36 -8 163 -1 10 -6 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 83 83 72 36 54 56 70
Inventory Days 337 208 215 349 348 314 312
Days Payable 36 20 26 43 52 90 87
Cash Conversion Cycle 384 270 261 342 350 280 295
Working Capital Days 95 71 37 45 31 47 72
ROCE % 30% 33% 35% 37% 43% 38%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.65% 6.14% 6.38% 5.84% 6.52% 6.85%
6.48% 6.58% 6.73% 7.14% 6.99% 6.26%
13.87% 12.28% 11.88% 12.02% 11.48% 11.90%
No. of Shareholders 2,37,9661,89,6741,81,7661,79,2931,71,3291,83,577

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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