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 ₹ 10,819 Cr.
- Current Price ₹ 1,192
- High / Low ₹ 1,507 / 884
- Stock P/E 49.2
- Book Value ₹ 99.3
- Dividend Yield 0.17 %
- ROCE 37.0 %
- ROE 27.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 26.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
Cons
- Stock is trading at 12.0 times its book value
- Debtor days have increased from 58.4 to 71.8 days.
- Working capital days have increased from 78.2 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
Sector: Packaging Industry: Packaging
Part of Nifty 500 BSE SmallCap BSE Allcap BSE Industrials Nifty MidSmallcap 400
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|
639 | 640 | 587 | 777 | 950 | 1,085 | 1,296 | |
495 | 508 | 452 | 611 | 744 | 847 | 1,011 | |
Operating Profit | 144 | 132 | 135 | 165 | 206 | 238 | 285 |
OPM % | 22% | 21% | 23% | 21% | 22% | 22% | 22% |
-190 | 20 | 15 | 21 | 19 | 30 | 47 | |
Interest | 27 | 25 | 7 | 2 | 3 | 5 | 8 |
Depreciation | 9 | 11 | 11 | 11 | 13 | 17 | 24 |
Profit before tax | -83 | 116 | 132 | 173 | 208 | 246 | 300 |
Tax % | -71% | 39% | 27% | 26% | 25% | 24% | 25% |
-24 | 71 | 97 | 128 | 156 | 186 | 225 | |
EPS in Rs | -26.37 | 77.83 | 107.05 | 14.14 | 17.21 | 20.51 | 24.80 |
Dividend Payout % | 0% | 0% | 0% | 11% | 67% | 54% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 19% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 20% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 28% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 18 | 18 | 18 | 18 |
Reserves | 232 | 303 | 399 | 516 | 567 | 658 | 883 |
284 | 145 | 60 | 43 | 6 | 13 | 41 | |
221 | 197 | 252 | 343 | 562 | 530 | 702 | |
Total Liabilities | 747 | 654 | 720 | 920 | 1,154 | 1,220 | 1,644 |
93 | 104 | 99 | 130 | 161 | 251 | 355 | |
CWIP | 0 | 0 | 2 | 2 | 0 | 5 | 4 |
Investments | 119 | 125 | 69 | 356 | 293 | 291 | 312 |
535 | 425 | 550 | 432 | 699 | 672 | 973 | |
Total Assets | 747 | 654 | 720 | 920 | 1,154 | 1,220 | 1,644 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
59 | 164 | 226 | 94 | 169 | 125 | 106 | |
-22 | -2 | -160 | -70 | -10 | -29 | -124 | |
-5 | -167 | -95 | -25 | -153 | -102 | 19 | |
Net Cash Flow | 33 | -5 | -28 | -0 | 6 | -6 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 87 | 81 | 69 | 37 | 50 | 53 | 72 |
Inventory Days | 330 | 208 | 217 | 345 | 352 | 330 | 300 |
Days Payable | 33 | 19 | 27 | 43 | 52 | 61 | 85 |
Cash Conversion Cycle | 384 | 270 | 260 | 339 | 350 | 322 | 286 |
Working Capital Days | 96 | 70 | 37 | 42 | 35 | 49 | 151 |
ROCE % | 28% | 30% | 33% | 36% | 39% | 37% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 12h
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Intimation Of 48Th Annual General Meeting Of The Company.
2d - 48th AGM scheduled on June 18, 2025 via video conferencing.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript of Investors Meet held on 16th May, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Audio recording of Q4FY25 results conference call released on 16 May 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 May - Investors Presentation for Earnings call scheduled on Friday, 16th May, 2025 at 11:00 a.m.
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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.