Inox India Ltd

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

Inox India Ltd

₹ 1,494 -2.05%
29 May - 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 ₹ 13,556 Cr.
  • Current Price ₹ 1,494
  • High / Low ₹ 1,620 / 1,031
  • Stock P/E 52.1
  • Book Value ₹ 123
  • Dividend Yield 0.13 %
  • ROCE 33.5 %
  • ROE 26.2 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 22.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.7%
  • Company has been maintaining a healthy dividend payout of 22.0%

Cons

  • Stock is trading at 12.1 times its book value
  • Working capital days have increased from 85.8 days to 151 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 BSE Industrials Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
235 308 258 291 277 296 307 334 369 340 358 429 461
195 237 199 224 223 226 243 265 288 263 280 335 366
Operating Profit 40 72 59 67 53 70 64 69 81 76 78 94 95
OPM % 17% 23% 23% 23% 19% 24% 21% 21% 22% 22% 22% 22% 21%
6 8 7 5 11 5 13 16 14 13 13 -1 18
Interest 2 1 1 2 2 2 3 2 1 1 2 3 4
Depreciation 3 4 4 5 5 6 6 6 7 8 8 9 9
Profit before tax 41 76 60 64 58 68 69 76 86 81 81 80 100
Tax % 25% 25% 23% 24% 24% 23% 28% 23% 24% 24% 25% 24% 25%
31 57 46 49 44 53 49 58 66 61 61 61 75
EPS in Rs 3.37 6.29 5.10 5.35 4.86 5.80 5.45 6.43 7.22 6.73 6.70 6.69 8.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
650 649 594 783 966 1,133 1,306 1,587
506 516 459 615 761 882 1,021 1,254
Operating Profit 144 133 135 168 205 252 285 333
OPM % 22% 20% 23% 21% 21% 22% 22% 21%
28 48 15 21 19 30 48 52
Interest 27 26 7 2 4 6 9 9
Depreciation 9 12 12 12 14 18 25 34
Profit before tax 135 144 131 174 207 258 299 342
Tax % -44% 32% 27% 25% 25% 24% 24% 25%
193 97 96 130 155 196 226 258
EPS in Rs 213.05 107.23 105.89 14.38 17.05 21.59 24.90 28.41
Dividend Payout % 0% 0% 0% 10% 67% 51% 8% 7%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 18%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 22%
3 Years: 19%
TTM: 18%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 29%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 9 18 18 18 18 18
Reserves 201 270 362 484 531 631 856 1,099
284 145 68 55 9 16 43 81
231 205 248 340 589 558 737 817
Total Liabilities 725 629 687 897 1,148 1,223 1,654 2,016
94 110 102 134 164 255 359 428
CWIP 0 0 2 2 0 5 4 4
Investments 81 80 25 312 249 247 267 297
549 439 558 449 734 716 1,023 1,286
Total Assets 725 629 687 897 1,148 1,223 1,654 2,016

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
85 188 231 97 177 122 122 117
136 -28 -152 -72 -13 -26 -141 -110
-186 -168 -96 -26 -154 -103 17 5
Net Cash Flow 36 -8 -17 -1 10 -6 -1 12
Free Cash Flow 70 175 225 53 132 32 -3 11
CFO/OP 63% 147% 192% 72% 112% 74% 65% 59%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 83 83 69 36 54 56 70 72
Inventory Days 337 208 215 349 348 314 312 247
Days Payable 36 20 26 43 52 90 87 80
Cash Conversion Cycle 384 270 258 342 350 280 295 238
Working Capital Days -16 23 -0 23 31 44 62 151
ROCE % 30% 32% 35% 37% 43% 38% 34%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Order Book (Backlog)
₹ Cr

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Installed Capacity - Cryogenic Tanks
ETU
Actual Production - Cryogenic Tanks
ETU
Actual Production - Disposable Cylinders
Numbers
Installed Capacity - Disposable Cylinders
Numbers
Export Share of Order Backlog
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
4.65% 6.14% 6.38% 5.84% 6.52% 6.85% 6.94% 7.12% 7.14% 7.13%
6.48% 6.58% 6.73% 7.14% 6.99% 6.26% 6.68% 6.70% 7.27% 7.72%
13.87% 12.28% 11.88% 12.02% 11.48% 11.90% 11.38% 11.16% 10.57% 10.14%
No. of Shareholders 2,37,9661,89,6741,81,7661,79,2931,71,3291,83,5771,74,8081,68,5891,49,1321,40,355

* 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.

Click on the line-items to see the names of individual entities.

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