INOX India
- Market cap
- ₹ 16,939 Cr.
- P/E
- 65.8x
- P/B
- 15.59x
- 52-week range
- 1,068.2 – 2,339.5
- ROE
- 26%
- ROCE
- 33%
- Dividend yield
- 0.1%
- Debt / equity
- 0.07
- Sector
- Industrial Products
- Industry
- Other Industrial Products
- Listed on
- NSE, BSE
About
INOX India Limited is an India-based manufacturer of cryogenic storage, re-gas and distribution systems for liquefied natural gas (LNG), industrial gases and cryo-scientific applications with operations in India, Brazil and Europe. It operates under INOXCVA brand It has expertise spans across activities ranging from conceptualization to execution, including design, engineering, manufacturing, delivery and integration of turnkey solutions. The Company has an extensive variety of cryogens, including helium, hydrogen, nitrogen, oxygen, argon, CO2, N2O, LNG and ethylene, among others. It specializes in crafting NSF approved varieties of sustainable industrial packaging, including industrial containers and beverage kegs. Its range of CRYO-BIO products serves dairy organizations, animal husbandries, cattle breeding farms, infertility clinics for semen preservation for artificial insemination/livestock breeding. It serves various industries including aviation and aerospace and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Industrial Products: 57 companies →INOX India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)65.8 against a typical 22.5: pricier than most peers (1st = cheapest).46th of 56
- Sales growth+9.1% against a typical +17.6% from a year earlier.26th of 42
- Profit growth−4.9% against a typical −2.6% from a year earlier.22nd of 41
- Share price, 3 months+1.7% against a typical −4.6%.15th of 49
- Size₹ 16,939.3 Cr. market value against a typical ₹ 127.7 Cr. (1st = largest).2nd of 54
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA- | Stable | 29 Sep 2025 |
| India Ratings | IND AA-; IND A1+ | Positive | 25 Sep 2025 |
| CARE | Withdrawn | — | 5 Aug 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 29 Sep 2025 | Reaffirmed | Crisil AA- | — | CRISIL | ₹ 750 Cr. | |
| 25 Sep 2025 | Reaffirmed | IND AA- | — | India Ratings | ₹ 835 Cr. | |
| 5 Aug 2025 | Withdrawn | — | — | CARE | — |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 12 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the quarter and year ended March 31, 2026 and recommend final dividend, if any |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 5 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 4 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 15 May 2025 | Financial Results/Dividend | To consider and approve the Audited Financial Results for the period ended March 31, 2025 and recommend Final Dividend, if any |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 258 | 291 | 277 | 296 | 307 | 334 | 369 | 340 | 358 | 429 | 461 | 371 |
| Expenses | 199 | 224 | 223 | 226 | 243 | 265 | 288 | 263 | 280 | 335 | 366 | 295 |
| Operating Profit | 59 | 67 | 53 | 70 | 64 | 69 | 81 | 76 | 78 | 94 | 95 | 76 |
| OPM % | 23% | 23% | 19% | 24% | 21% | 21% | 22% | 22% | 22% | 22% | 21% | 20% |
| Other Income | 7 | 5 | 11 | 5 | 13 | 16 | 14 | 13 | 13 | −1 | 18 | 11 |
| Interest | 1 | 2 | 2 | 2 | 3 | 2 | 1 | 1 | 2 | 3 | 4 | 2 |
| Depreciation | 4 | 5 | 5 | 6 | 6 | 6 | 7 | 8 | 8 | 9 | 9 | 10 |
| Profit before tax | 60 | 64 | 58 | 68 | 69 | 76 | 86 | 81 | 81 | 80 | 100 | 76 |
| Tax % | 23% | 24% | 24% | 23% | 28% | 23% | 24% | 24% | 25% | 24% | 25% | 23% |
| Net Profit | 46 | 49 | 44 | 53 | 49 | 58 | 66 | 61 | 61 | 61 | 75 | 58 |
| EPS in Rs | 5.1 | 5.35 | 4.86 | 5.8 | 5.45 | 6.43 | 7.22 | 6.73 | 6.7 | 6.69 | 8.29 | 6.4 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 22%
- 3 Years
- 18%
- TTM
- 20%
- 10 Years
- —
- 5 Years
- 22%
- 3 Years
- 19%
- TTM
- 12%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 29%
- 3 Years
- 29%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| INOX India | ₹ 1,906.70 | ₹ 16,939 Cr. | 65.8x | 15.6x | 26% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 22.8x | 7.5x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 73.4x | 10x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 112.5x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.1x | 5.4x | 17% | 28.7% |
Management
- Deepak Vyanktesh Acharya
- Chief Executive Officer
- Pavan Ratanlal Logar
- Chief Financial Officer
- Kamlesh Mansingrao Shinde
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.