INOX India Ltd.

NSE: INOXINDIA · Other Industrial Products

52W Range₹1,065 ₹2,120

Snapshot

Unlock INOX India Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

INOX India Limited is a leading manufacturer of cryogenic liquid storage and transport tanks, providing comprehensive solutions for gas, energy, and industrial sectors. The company specialises in bespoke cryogenic technology, including systems for LNG, green hydrogen, aerospace, and scientific research applications.

Business Model

The company generates revenue through the design, manufacture, and installation of cryogenic equipment and integrated systems for diverse industrial and scientific clients. It operates across the value chain, offering both standard storage products and highly engineered, bespoke technological solutions.

  • Incorporation Year:1976

Growth Outlook

Growth is driven by the increasing global demand for clean energy solutions, particularly in the LNG and green hydrogen sectors. The company is also well-positioned to benefit from expanding requirements in the aerospace, medical, and industrial gas industries.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of stainless steel and other essential raw materials can significantly impact manufacturing margins.
  • Geopolitical and Regulatory Risks. As an exporter, the company is exposed to international trade barriers, geopolitical instability, and varying regulatory standards across different markets.
  • Technological Obsolescence. Failure to maintain pace with rapid advancements in cryogenic and hydrogen storage technology could erode the company's competitive advantage.
  • Project Execution Risk. Delays or cost overruns in large-scale, bespoke engineering projects for the aerospace or energy sectors may adversely affect financial performance.

Price

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Key Metrics

REVENUE

₹1,587 Cr

TTM · consolidated

+21.5%YoY

NET PROFIT

₹258 Cr

TTM · consolidated

+14.1%YoY

EPS

₹28.41

TTM · consolidated

+14.1%YoY

RETURN ON EQUITY

27.6%

TTM · consolidated

-4.5 ppYoY

P/E

70.2x

Q4 FY26 · consolidated

70.2 vs 79.9x5Y avg

EV/EBITDA

46.8x

Q4 FY26 · consolidated

46.8 vs 54.8x5Y avg

EBITDA MARGIN

24.4%

TTM · consolidated

-0.5 ppYoY

NET PROFIT MARGIN

16.3%

Q4 FY26 · consolidated

-1.4 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.02xYoY

Peers · Other Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
INOX India Ltd.INOXINDIA
10,87670.2046.7921.5%24.4%27.6%36.5%+59.2%
HBL Engineering Ltd.HBLENGINE
18,33721.4614.5098.5%35.4%57.5%73.2%+22.3%
ESAB India LimitedESABINDIA
8,08742.1931.409.8%18.3%54.6%70.2%+4.1%
KRN Heat Exchanger & Refrigeration Ltd.KRN
5,581104.9370.5720.4%14.8%20.0%+49.1%
Subros LimitedSUBROS
4,36131.7614.5511.5%9.7%14.6%18.9%-11.9%
Harsha Engineers International LimitedHARSHA
3,04925.0715.2015.6%17.1%12.0%16.1%+3.5%

As of Q4 FY26

Financials