sharesgurusharesguru
  • Stocks
  • Ai Screener
  • Sectors
  • Watchlist
LoginSign Up
sharesguru
  • Home
  • Stocks
  • Ai Screener
  • Sectors
  • Watchlist
  • Profile
  • Contact Us
LoginSign Up
sharesguru

Discover the joy of investing.

All the financial data and tools you need, at one place.

Navigation

  • Home
  • Stocks
  • Sectors

Tools

  • Ai Screener
  • Watchlists

Company

  • Contact

Legal

  • Privacy Policy
  • Terms of Service
Copyright © 2025 Knowtilus Technologies Pvt. Ltd.
SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
INOXINDIA logo

INOXINDIA - INOX India Limited Share Price

Industrial Products

Sharesguru Stock Score

INOXINDIA

57/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹1195.00+2.40(+0.20%)
Market Closed as of Mar 11, 2026, 15:30 IST
Pros

Profitability: Very strong Profitability. One year profit margin are 16%.

Size: Market Cap wise it is among the top 20% companies of india.

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Cons

No major cons observed.

Valuation

Market Cap10.72 kCr
Price/Earnings (Trailing)43.18
Price/Sales (Trailing)6.96
EV/EBITDA29.37
Price/Free Cashflow-3.5 K
MarketCap/EBT32.62
Enterprise Value10.78 kCr

Fundamentals

Revenue (TTM)1.54 kCr
Rev. Growth (Yr)27.4%
Earnings (TTM)248.16 Cr
Earnings Growth (Yr)4%

Profitability

Operating Margin22%
EBT Margin21%
Return on Equity25.32%
Return on Assets13.09%
Free Cashflow Yield-0.03%

Price to Sales Ratio

Latest reported: 7

Revenue (Last 12 mths)

Latest reported: 1.5 kCr

Net Income (Last 12 mths)

Latest reported: 248.2 Cr

Growth & Returns

Price Change 1W1.5%
Price Change 1M4.5%
Price Change 6M1.6%
Price Change 1Y14.9%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-139.19 Cr
Cash Flow from Operations (TTM)121.95 Cr
Cash Flow from Financing (TTM)17.15 Cr
Cash & Equivalents25.74 Cr
Free Cash Flow (TTM)-3.07 Cr
Free Cash Flow/Share (TTM)-0.34

Balance Sheet

Total Assets1.9 kCr
Total Liabilities915.04 Cr
Shareholder Equity980.19 Cr
Current Assets1.47 kCr
Current Liabilities885.78 Cr
Net PPE384.03 Cr
Inventory567.98 Cr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.05
Debt/Equity0.09
Interest Coverage46.65
Interest/Cashflow Ops17.87

Dividend & Shareholder Returns

Dividend/Share (TTM)2
Dividend Yield0.18%
Shares Dilution (1Y)0.00%
Sharesguru Stock Score

INOXINDIA

57/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Pros

Profitability: Very strong Profitability. One year profit margin are 16%.

Size: Market Cap wise it is among the top 20% companies of india.

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Cons

No major cons observed.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.18%
Dividend/Share (TTM)2
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)27.34

Financial Health

Current Ratio1.66
Debt/Equity0.09

Technical Indicators

RSI (14d)58.3
RSI (5d)67.32
RSI (21d)57.83
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalBuy
SMA 100 SignalBuy

Summary of Latest Earnings Report from INOX India

Summary of INOX India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

In the recent earnings call for Q3 FY '26, management provided a positive outlook for INOX India Limited, emphasizing a robust macroeconomic environment and strong business momentum. The management noted that India's GDP growth for FY '25-26 is projected at 7.4%, up from 6.2% the previous year, supported by resilient consumption and steady investment activity.

Key forward-looking points highlighted by management include:

  1. Strong Order Pipeline: The company has a healthy order backlog of INR 1,457 crores, with 63% derived from exports and 37% from the domestic market, providing strong revenue visibility. They expect to maintain a quarterly order inflow of around INR 450 crores, driven by both regular contracts and larger value orders.

  2. Growth Areas: INOX India anticipates significant growth in its LNG segment, bolstered by increasing adoption of LNG for diverse applications. They reported over 250 LNG semi-trailers operating in India, claiming over an 85% market share.

  3. Market Share Expansion: Management stated intentions to expand their share in high-value engineering products and new customer segments, particularly in the aerospace and scientific infrastructure sectors. Recent orders from a U.S. aerospace company for cryogenic storage tanks exemplify this focus.

  4. Profitability Projections: For FY '27, the guidance for revenue growth is set at 18% to 20%, with optimism regarding continued operational excellence and market opportunities.

  5. Financial Performance: The Q3 total income was INR 436 crores, a rise of 27% year-on-year. The management said that the export revenue for the quarter reached INR 271 crores, representing the highest-ever quarterly export performance.

  6. Strategic Initiatives: Management emphasized ongoing innovation and customer engagement as central to sustaining growth momentum, alongside efforts to enhance capacity through new installations like an automated production line for LNG tanks.

Overall, the management's confidence in sustained growth is underpinned by strong order metrics and focused strategies aimed at market expansion and product development.

  1. Question: When can we expect order inflow above INR450 crores on a consistent basis?

    Answer: We are optimistic about increasing order flow. Substantial results are expected in Q4 and early next fiscal year from high-value orders that did not materialize in Q3. We anticipate a consistent flow above INR450 crores with a combination of standard orders around INR300 to INR350 crores and larger orders pushing us past INR500 crores.

  2. Question: Are we on track to achieve the execution target of INR900 crores in the second half of FY '26, translating to about INR470 crores in Q4?

    Answer: We are indeed on track, and I believe we might even perform better than that target. Our operational momentum has been strong, and we have a robust order backlog contributing to that execution.

  3. Question: Could you explain the recent gross margin drop? Is it due to rising commodity prices?

    Answer: The gross margin fluctuations are typically within 1-3%. Commodity prices generally don't impact us significantly because large orders usually come with pricing formulas that adjust automatically. However, small orders without such formulas might face a minor impact.

  4. Question: What is the demand outlook for LNG fuel tanks on the OEM side for the next quarters?

    Answer: LNG fuel tank business is smaller relative to our LNG fueling stations, where we hold 85% market share. As the demand evolves, we're enhancing our capacity for LNG fuel tanks and have received substantial orders recently, indicating a positive outlook for Q4.

  5. Question: Has INOX participated in any significant space initiatives like Vikram-1?

    Answer: Yes, we have ongoing projects with ISRO. We supplied ground equipment for the second launch pad and are participating in various upcoming initiatives. RFQs for lunar projects are also expected soon, placing us in a strong position in this sector.

  6. Question: Can you confirm if our contracts have a cap on commodity price pass-through to customers?

    Answer: The contracts have defined escalation formulas allowing adjustments for commodity price fluctuations, typically accommodating a 3% variation. However, fixed contracts do not allow for such pass-through since we book materials upfront based on confirmed orders.

  7. Question: What was the order inflow in Q3 and what target are you setting for FY '26?

    Answer: The order inflow for Q3 was INR392 crores. We expect to meet our FY '26 target of around INR1,700 crores, maintaining our strategic focus and growth trajectory.

  8. Question: Could you provide insights on the performance of the kegs division and future orders?

    Answer: In Q4, we aim for total sales of around 60,000 to 70,000 kegs, with ongoing orders from Heineken and additional opportunities in the pipeline. We currently have an order book of approximately 67,000 units.

  9. Question: What are the expected margins for the LNG segment?

    Answer: Current LNG projects indicate slight improvements in margins due to recent currency fluctuations favoring our export orders. As we dispatch these in Q4, I expect a marginal boost in our overall profitability.

  10. Question: Can you share updates on our capabilities with respect to semiconductor projects?

    Answer: We have successfully delivered tanks and related equipment to semiconductor facilities, with projects in Assam valued at around INR8 crores. We're seeing steady engagement in this space as we pursue more projects, positioning us uniquely in this growing market.

Share Holdings

Understand INOX India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
SIDDHARTH JAIN34.13%
PAVAN KUMAR JAIN16.42%
NAYANTARA JAIN15.72%
LATE DEVENDRA KUMAR JAIN5.94%
ICICI PRUDENTIAL ELSS TAX SAVER FUND2.36%
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY P2.16%
ISHITA JAIN1.4%
LATA MADHUSUDAN RUNGTA0.63%
Araadhya Jain0%
Varenyaa Jain0%
Nairiti Jain0%
Shreyasi Goenka0%
Kiran Kheruka0%
Pradeep Kheruka0%
Chandralekha Roongta0%
Kusum Mittal0%
Minal Somany0%
Arunkumar Roongta (HUF)0%
Associated Fabricators LLP0%
Azalea Trading LLP0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is INOX India Better than it's peers?

Detailed comparison of INOX India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
LINDEINDIALinde India57.86 kCr2.53 kCr+13.60%+11.50%98.0822.84--
THERMAXThermax37.68 kCr10.63 kCr+7.20%-4.20%52.233.54--
GUJGASLTDGujarat Gas27.24 kCr16.46 kCr-4.80%+0.50%23.441.65--

Sector Comparison: INOXINDIA vs Industrial Products

Comprehensive comparison against sector averages

Comparative Metrics

INOXINDIA metrics compared to Industrial

CategoryINOXINDIAIndustrial
PE43.1849.35
PS6.963.91
Growth23 %9.6 %
33% metrics above sector average
Key Insights
  • 1. INOXINDIA is among the Top 3 Other Industrial Products companies by market cap.
  • 2. The company holds a market share of 10.7% in Other Industrial Products.
  • 3. In last one year, the company has had an above average growth that other Other Industrial Products companies.

Income Statement for INOX India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024
Revenue From Operations15.5%1,3061,131
Other Income33.3%4131
Total Income15.9%1,3471,162
Cost of Materials28.6%586456
Employee Expense7.9%110102
Finance costs61.5%8.545.67
Depreciation and Amortization41.2%2518
Other expenses17.3%334285
Total Expenses16.6%1,055905
Profit Before exceptional items and Tax13.2%292258
Exceptional items before tax-7.170
Total profit before tax16%299258
Current tax13.3%6961
Deferred tax704.3%3.780.54
Total tax18%7362
Total profit (loss) for period15.4%226196
Other comp. income net of taxes-1.7%-2.03-1.98
Total Comprehensive Income15.5%224194
Earnings Per Share, Basic16.1%24.921.59
Earnings Per Share, Diluted16.1%24.8321.53
Debt equity ratio0%004001
Debt service coverage ratio-5.3%0.2140.2533
Interest service coverage ratio-20%0.35750.4646
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations19.9%429358340369334307
Other Income-39.2%7.081113138.4313
Total Income18.2%436369352383342320
Cost of Materials38.9%183132143182150140
Employee Expense18.2%403434292727
Finance costs100%320.721.172.52.83
Depreciation and Amortization26.9%9.47.627.577.146.45.92
Other expenses-5.3%9196951028875
Total Expenses19.7%347290272296273251
Profit Before exceptional items and Tax12.8%897981866969
Exceptional items before tax-1049%-8.492007.170
Total profit before tax-1.2%808181867669
Current tax16.7%221920191814
Deferred tax-463.9%-2.021.83-0.181.5-0.964.8
Total tax0%202019211819
Total profit (loss) for period0%616161665849
Other comp. income net of taxes63.3%0.890.7-0.20.31-1.520.58
Total Comprehensive Income0%626261665750
Earnings Per Share, Basic-0.2%6.696.76.737.226.435.45
Earnings Per Share, Diluted-0.2%6.676.686.717.26.415.44
Debt equity ratio0.1%01600900400400
Debt service coverage ratio-7.1%0.17640.23110.37880.41070.220.18
Interest service coverage ratio-23.7%0.27790.41611.11850.750.310.25
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024
Revenue From Operations19.5%1,2961,085
Other Income22.6%3932
Total Income19.5%1,3351,117
Cost of Materials32%575436
Employee Expense8.3%10597
Finance costs63.4%8.145.37
Depreciation and Amortization43.8%2417
Other expenses19.5%332278
Total Expenses19.7%1,042871
Profit Before exceptional items and Tax19.2%293246
Exceptional items before tax-7.170
Total profit before tax22%300246
Current tax17.2%6959
Deferred tax843.5%6.130.31
Total tax25.4%7560
Total profit (loss) for period21.1%225186
Other comp. income net of taxes21.7%-0.73-1.21
Total Comprehensive Income21.2%224185
Earnings Per Share, Basic22%24.820.507
Earnings Per Share, Diluted22%24.7320.449
Debt equity ratio0%004001
Debt service coverage ratio-6.6%0.23110.2788
Interest service coverage ratio-16.9%0.3780.4677
Description(%) Q/QDec-2025Sep-2025Jun-2025Mar-2025Dec-2024Sep-2024
Revenue From Operations17.7%419356327369332304
Other Income-19.3%8.261012128.6313
Total Income16.7%427366340381341316
Cost of Materials27.1%184145127175148138
Employee Expense16.1%373232282626
Finance costs117.8%2.961.90.631.242.262.77
Depreciation and Amortization9.2%8.117.517.196.796.015.63
Other expenses-6.2%9197941018874
Total Expenses17.3%340290260295271248
Profit Before exceptional items and Tax14.7%877680867069
Exceptional items before tax-1049%-8.492007.170
Total profit before tax1.3%797880867769
Current tax5.6%201919191814
Deferred tax-1837.5%-0.550.920.261.411.484.8
Total tax0%202020212019
Total profit (loss) for period0%595960655749
Other comp. income net of taxes-318.2%0.540.89-0.46-0.30.14-0.28
Total Comprehensive Income0%606060655749
Earnings Per Share, Basic0.9%6.516.466.657.186.315.45
Earnings Per Share, Diluted0.9%6.496.446.647.166.35.43
Debt equity ratio0.1%01600900400400
Debt service coverage ratio-9.9%0.18610.25930.48050.35320.220.17
Interest service coverage ratio-25%0.27690.42131.27250.70070.350.26

Balance Sheet for INOX India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024
Cash and cash equivalents896%263.51134.95
Current investments3.8%277267257247
Loans, current77.8%0.980.910.91.11
Total current financial assets14.1%820719588430
Inventories15.2%568493449434
Current tax assets-0005.09
Total current assets16.4%1,4721,2651,080919
Property, plant and equipment9.7%384350283245
Capital work-in-progress22.9%4.924.198.864.76
Non-current investments2.4%0.190.170.260.19
Loans, non-current41.7%0.580.280.270.54
Total non-current financial assets0.9%6.346.296.43.86
Total non-current assets8.2%412381325269
Total assets14.5%1,8951,6551,4151,199
Borrowings, non-current-0008.56
Total non-current financial liabilities1477.3%7.060.562.6617
Provisions, non-current-11.8%7.188.016.585.81
Total non-current liabilities0%29292931
Borrowings, current178.1%9033874.87
Total current financial liabilities37.8%340247271180
Provisions, current7.3%60565343
Current tax liabilities-22.8%4.425.434.251.79
Total current liabilities17.7%886753636519
Total liabilities17%915782664550
Equity share capital0%18181818
Total equity12.1%980874751649
Total equity and liabilities14.5%1,8951,6551,4151,199
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024
Cash and cash equivalents4185.7%251.566.620.5
Current investments3.8%277267257247
Loans, current14.3%0.820.790.780.93
Total current financial assets17.4%825703578425
Inventories18.1%556471445429
Current tax assets-0005.09
Total current assets19.3%1,4581,2221,062909
Property, plant and equipment4.9%362345279240
Capital work-in-progress-113.5%0.574.198.864.76
Non-current investments0%45454545
Loans, non-current23.9%3.022.632.582.83
Total non-current financial assets0%53535351
Total non-current assets1.9%430422368311
Total assets14.9%1,8881,6441,4301,220
Borrowings, non-current-0006.79
Total non-current financial liabilities-0.7%5.455.482.6615
Provisions, non-current-11.8%7.188.016.585.81
Total non-current liabilities0%28282628
Borrowings, current178.1%9033874.87
Total current financial liabilities100%337169272181
Provisions, current5.5%59565242
Current tax liabilities-22.8%4.425.434.251.79
Total current liabilities19.7%856715626515
Total liabilities19%884743652544
Equity share capital0%18181818
Total equity11.4%1,004901778676
Total equity and liabilities14.9%1,8881,6441,4301,220

Cash Flow for INOX India

Consolidated figures (in Rs. Crores) /
Finance costs61.5%
Change in inventories-203.1%
Depreciation41.2%
Unrealised forex losses/gains12.4%
Adjustments for interest income-58.8%
Share-based payments-108.4%
Net Cashflows from Operations-2.1%
Income taxes paid (refund)0%
Net Cashflows From Operating Activities-3.2%
Proceeds from sales of PPE-115.8%
Purchase of property, plant and equipment24%
Proceeds from sales of long-term assets-
Purchase of other long-term assets-
Dividends received-
Interest received-175.8%
Other inflows (outflows) of cash-101.6%
Net Cashflows From Investing Activities-382.1%
Proceeds from borrowings597.7%
Payments of lease liabilities-19.3%
Dividends paid-101%
Interest paid85.9%
Net Cashflows from Financing Activities115.4%
Effect of exchange rate on cash eq.-33.5%
Net change in cash and cash eq.66.5%
Standalone figures (in Rs. Crores) /
Finance costs63.4%
Change in inventories-126%
Depreciation43.8%
Unrealised forex losses/gains10.6%
Dividend income-132.6%
Adjustments for interest income-97.6%
Share-based payments-108.4%
Net Cashflows from Operations-8.6%
Income taxes paid (refund)3.3%
Net Cashflows From Operating Activities-15.3%
Proceeds from sales of PPE-115.8%
Purchase of property, plant and equipment26.3%
Proceeds from sales of long-term assets-
Purchase of other long-term assets-
Cash receipts from repayment of advances and loans made to other parties-275.4%
Dividends received-
Interest received-70.2%
Other inflows (outflows) of cash-101.7%
Net Cashflows From Investing Activities-313.1%
Proceeds from borrowings597.7%
Payments of lease liabilities-31.7%
Dividends paid-101%
Interest paid80.9%
Net Cashflows from Financing Activities117.5%
Net change in cash and cash eq.100.8%

What does INOX India Limited do?

Other Industrial Products•Capital Goods•Small Cap

INOX India Limited manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and other customers online in India and internationally. It also offers industrial gas equipment comprising of storage and transport tanks, microbulk units, vaporizers and piping, oil and gas equipment. In addition, the company provides cryoseal, bio-series containers, and low-pressure storage tank; cylinders for gases, refrigerants, LPG/propane, and helium balloon cylinders. Further, it offers cryogenic process technologies, cryogenic propulsion system, satellite, and launch facilities; and fusion conductivity equipment. Additionally, the company engages in the installation of equipment and systems for cryogenic conditions, standard cryogenic tanks and equipment, bespoke technology, equipment and solutions, industrial gases, LNG, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, construction, and pharmaceuticals. Furthermore, it provides industrial applications, mini LNG infrastructure, horse, automotive and power applications. The company serves aviation, aerospace, construction, cement, cryo scientific research, dairy, livestock, electronics, fertilizer, chemical, food and beverages, material handling, glass and ceramics, health care and life sciences, hydrogen, industrial gas, LNG, LCNG, metal processing, oil and gas, refining, petrochemical, paper, pharmaceuticals, power and utilities, rubber, steel, mining, water treatment, and entertainment sectors. INOX India Limited was incorporated in 1976 and is based in Vadodara, India.

Industry Group:Industrial Products
Employees:535
Website:www.inoxcva.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Performance Comparison

INOXINDIA vs Industrial (2024 - 2026)

Although INOXINDIA is underperforming relative to the broader Industrial sector, it has achieved a 12.5% year-over-year increase.