INOX India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 26.1%)
- ✓Efficient capital deployment (ROCE 33.5%)
- ✓Virtually debt-free
Concerns
- ✗High premium to book value (P/B 11.8x)
- ✗Trading near 52-week high (₹2,099)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
INOXINDIA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FII | 6.14% | 6.38% | 5.84% | 6.52% | 6.85% | 6.94% |
| DII | 6.58% | 6.73% | 7.14% | 6.99% | 6.26% | 6.68% |
| Public | 12.28% | 11.88% | 12.02% | 11.48% | 11.90% | 11.38% |
Corporate Events
Dividend - Rs 2 Per Share
Dividend - Rs 2 Per Share
Latest News
All news →Gujarat Fluorochemicals part of composite scheme involving Inox entities
*Gujarat Fluorochemicals part of composite scheme involving Inox entities*. The NSE and BSE have acknowledged the composite scheme of arrangement involving Inox Leasing, Inox Holdings, and Gujarat Fluorochemicals. The move signifies a strategic corporate restructuring with potential implications for shareholding and business focus. Regulatory approvals are pending. 📊 *STOCKS:* GFL | 🏢 *SECTOR:* Chemicals | #MEDIUMIMPACT #SchemeOfArrangement
INOX India bags orders worth ₹939 crore
*INOX India bags orders worth ₹939 crore*\nINOX India Limited has secured multiple orders totaling **₹939 crore**, the company announced in a press release on July 08, 2026. These orders span across its industrial gas and engineering segments. The win signals strong demand and order book visibility.\n\n📊 *STOCKS:* INOXINDIA | 🏢 *SECTOR:* CapitalGoods | #MEDIUMIMPACT #Orders
INOX India secures ₹939 crore new order, shares rise 5%
*INOX India secures new orders worth **₹939 crore** across multiple segments, boosting investor sentiment.* The company's shares jumped **5%** following the announcement. This order inflow strengthens its revenue pipeline and reflects growing demand in leisure and infrastructure sectors. The development signals healthy order book momentum. 📊 *STOCKS:* INOXLEISUR | 🏢 *SECTOR:* CapitalGoods | #MEDIUMIMPACT #OrderWin
INOX India: Routine filing by Ms. Manju Jain
*INOX India: Routine filing by Ms. Manju Jain* INOX India Limited filed a Form-C related to Ms. Manju Jain, likely a routine corporate disclosure. No **financial figures** or strategic developments were disclosed. The update does not indicate any immediate business or governance change. 📊 *STOCKS:* INOXLEISUR | 🏢 *SECTOR:* Realty | #LOWIMPACT #CorporateFiling
INOX India: Ms. Manju Jain files Form-C update
*INOX India: Ms. Manju Jain files Form-C update*. INOX India Limited disclosed a Form-C filing by Ms. Manju Jain, indicating a routine update in shareholding or compliance. Such filings are standard regulatory requirements and do not imply operational changes. No financial or strategic impact is expected. 📊 *STOCKS:* INOXINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
INOX India shares unaffected by routine Form-C filing
*INOX India shares unaffected by routine Form-C filing.* Ms. Lata Rungta submitted a Form-C, disclosing no material change in shareholding or control. The update is a standard regulatory requirement with no financial impact. No trading implications expected. 📊 *STOCKS:* INOXINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
INOX India's statutory profit may mislead investors
*INOX India's statutory profit may mislead investors.* Investors should analyze beyond reported earnings as underlying performance may differ. The article suggests potential divergence between statutory and operational metrics. **Statutory profit** doesn't always reflect true business health. 📊 *STOCKS:* INOXINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Profitability
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹461 Cr ▲7.5% | ₹429 Cr ▲19.8% | ₹358 Cr ▲5.3% | ₹340 Cr ▼7.9% | ₹369 Cr ▲10.5% | ₹334 Cr ▲8.8% | ₹307 Cr ▲3.7% | ₹296 Cr |
| Op. Profit | ₹95 Cr ▲1.1% | ₹94 Cr ▲20.5% | ₹78 Cr ▲2.6% | ₹76 Cr ▼6.2% | ₹81 Cr ▲17.4% | ₹69 Cr ▲7.8% | ₹64 Cr ▼8.6% | ₹70 Cr |
| OPM | 21.0% ▼4.5% | 22.0% ▲0.0% | 22.0% ▲0.0% | 22.0% ▲0.0% | 22.0% ▲4.8% | 21.0% ▲0.0% | 21.0% ▼12.5% | 24.0% |
| Net Profit | ₹75 Cr ▲23.0% | ₹61 Cr ▲0.0% | ₹61 Cr ▲0.0% | ₹61 Cr ▼7.6% | ₹66 Cr ▲13.8% | ₹58 Cr ▲18.4% | ₹49 Cr ▼7.5% | ₹53 Cr |
| EPS (₹) | 8.29 ▲23.9% | 6.69 ▼0.1% | 6.7 ▼0.4% | 6.73 ▼6.8% | 7.22 ▲12.3% | 6.43 ▲18.0% | 5.45 ▼6.0% | 5.8 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.6K Cr ▲21.5% | ₹1.3K Cr ▲15.3% | ₹1.1K Cr ▲17.3% | ₹966 Cr ▲23.4% | ₹783 Cr ▲31.8% | ₹594 Cr ▼8.5% | ₹649 Cr ▼0.2% | ₹650 Cr |
| Expenses | ₹1.2K Cr ▲21.8% | ₹1.0K Cr ▲15.8% | ₹882 Cr ▲15.9% | ₹761 Cr ▲23.7% | ₹615 Cr ▲34.0% | ₹459 Cr ▼11.0% | ₹516 Cr ▲2.0% | ₹506 Cr |
| Op. Profit | ₹343 Cr ▲20.4% | ₹285 Cr ▲13.1% | ₹252 Cr ▲22.9% | ₹205 Cr ▲22.0% | ₹168 Cr ▲24.4% | ₹135 Cr ▲1.5% | ₹133 Cr ▼7.6% | ₹144 Cr |
| OPM | 22.0% ▲0.0% | 22.0% ▲0.0% | 22.0% ▲4.8% | 21.0% ▲0.0% | 21.0% ▼8.7% | 23.0% ▲15.0% | 20.0% ▼9.1% | 22.0% |
| Other Income | ₹42 Cr ▼12.5% | ₹48 Cr ▲60.0% | ₹30 Cr ▲57.9% | ₹19 Cr ▼9.5% | ₹21 Cr ▲40.0% | ₹15 Cr ▼68.8% | ₹48 Cr ▲71.4% | ₹28 Cr |
| Interest | ₹9 Cr ▲0.0% | ₹9 Cr ▲50.0% | ₹6 Cr ▲50.0% | ₹4 Cr ▲100.0% | ₹2 Cr ▼71.4% | ₹7 Cr ▼73.1% | ₹26 Cr ▼3.7% | ₹27 Cr |
| Depreciation | ₹34 Cr ▲36.0% | ₹25 Cr ▲38.9% | ₹18 Cr ▲28.6% | ₹14 Cr ▲16.7% | ₹12 Cr ▲0.0% | ₹12 Cr ▲0.0% | ₹12 Cr ▲33.3% | ₹9 Cr |
| PBT | ₹342 Cr ▲14.4% | ₹299 Cr ▲15.9% | ₹258 Cr ▲24.6% | ₹207 Cr ▲19.0% | ₹174 Cr ▲32.8% | ₹131 Cr ▼9.0% | ₹144 Cr ▲6.7% | ₹135 Cr |
| Tax % | 25.0% ▲4.2% | 24.0% ▲0.0% | 24.0% ▼4.0% | 25.0% ▲0.0% | 25.0% ▼7.4% | 27.0% ▼15.6% | 32.0% ▲172.7% | -44.0% |
| Net Profit | ₹258 Cr ▲14.2% | ₹226 Cr ▲15.3% | ₹196 Cr ▲26.5% | ₹155 Cr ▲19.2% | ₹130 Cr ▲35.4% | ₹96 Cr ▼1.0% | ₹97 Cr ▼49.7% | ₹193 Cr |
| EPS (₹) | 28.41 ▲14.1% | 24.9 ▲15.3% | 21.59 ▲26.6% | 17.05 ▲18.6% | 14.38 ▼86.4% | 105.89 ▼1.2% | 107.23 ▼49.7% | 213.05 |
| Div Payout | 7.0% ▼12.5% | 8.0% ▼84.3% | 51.0% ▼23.9% | 67.0% ▲570.0% | 10.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||
| Equity Capital | ₹18 Cr ▲0.0% | ₹18 Cr ▲0.0% | ₹18 Cr ▲0.0% | ₹18 Cr ▲0.0% | ₹18 Cr ▲100.0% | ₹9 Cr ▲0.0% | ₹9 Cr ▲0.0% | ₹9 Cr |
| Reserves | ₹1.1K Cr ▲28.4% | ₹856 Cr ▲35.7% | ₹631 Cr ▲18.8% | ₹531 Cr ▲9.7% | ₹484 Cr ▲33.7% | ₹362 Cr ▲34.1% | ₹270 Cr ▲34.3% | ₹201 Cr |
| Borrowings | ₹81 Cr ▲88.4% | ₹43 Cr ▲168.8% | ₹16 Cr ▲77.8% | ₹9 Cr ▼83.6% | ₹55 Cr ▼19.1% | ₹68 Cr ▼53.1% | ₹145 Cr ▼48.9% | ₹284 Cr |
| Other Liabilities | ₹813 Cr ▲10.3% | ₹737 Cr ▲32.1% | ₹558 Cr ▼5.3% | ₹589 Cr ▲73.2% | ₹340 Cr ▲37.1% | ₹248 Cr ▲21.0% | ₹205 Cr ▼11.3% | ₹231 Cr |
| Total Liabilities | ₹2.0K Cr ▲21.6% | ₹1.7K Cr ▲35.2% | ₹1.2K Cr ▲6.5% | ₹1.1K Cr ▲28.0% | ₹897 Cr ▲30.6% | ₹687 Cr ▲9.2% | ₹629 Cr ▼13.2% | ₹725 Cr |
| Assets | ||||||||
| Fixed Assets | ₹428 Cr ▲19.2% | ₹359 Cr ▲40.8% | ₹255 Cr ▲55.5% | ₹164 Cr ▲22.4% | ₹134 Cr ▲31.4% | ₹102 Cr ▼7.3% | ₹110 Cr ▲17.0% | ₹94 Cr |
| CWIP | ₹4 Cr ▲0.0% | ₹4 Cr ▼20.0% | ₹5 Cr | ₹0 Cr ▼100.0% | ₹2 Cr ▲0.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹297 Cr ▲11.2% | ₹267 Cr ▲8.1% | ₹247 Cr ▼0.8% | ₹249 Cr ▼20.2% | ₹312 Cr ▲1148.0% | ₹25 Cr ▼68.8% | ₹80 Cr ▼1.2% | ₹81 Cr |
| Other Assets | ₹1.3K Cr ▲25.3% | ₹1.0K Cr ▲42.9% | ₹716 Cr ▼2.5% | ₹734 Cr ▲63.5% | ₹449 Cr ▼19.5% | ₹558 Cr ▲27.1% | ₹439 Cr ▼20.0% | ₹549 Cr |
| Total Assets | ₹2.0K Cr ▲21.6% | ₹1.7K Cr ▲35.2% | ₹1.2K Cr ▲6.5% | ₹1.1K Cr ▲28.0% | ₹897 Cr ▲30.6% | ₹687 Cr ▲9.2% | ₹629 Cr ▼13.2% | ₹725 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹117 Cr ▼4.1% | ₹122 Cr ▲0.0% | ₹122 Cr ▼31.1% | ₹177 Cr ▲82.5% | ₹97 Cr ▼58.0% | ₹231 Cr ▲22.9% | ₹188 Cr ▲121.2% | ₹85 Cr |
| Investing CF | ₹-110 Cr ▲22.0% | ₹-141 Cr ▼442.3% | ₹-26 Cr ▼100.0% | ₹-13 Cr ▲81.9% | ₹-72 Cr ▲52.6% | ₹-152 Cr ▼442.9% | ₹-28 Cr ▼120.6% | ₹136 Cr |
| Financing CF | ₹5 Cr ▼70.6% | ₹17 Cr ▲116.5% | ₹-103 Cr ▲33.1% | ₹-154 Cr ▼492.3% | ₹-26 Cr ▲72.9% | ₹-96 Cr ▲42.9% | ₹-168 Cr ▲9.7% | ₹-186 Cr |
| Net Cash Flow | ₹13 Cr ▲1400.0% | ₹-1 Cr ▲83.3% | ₹-6 Cr ▼160.0% | ₹10 Cr ▲1100.0% | ₹-1 Cr ▲94.1% | ₹-17 Cr ▼112.5% | ₹-8 Cr ▼122.2% | ₹36 Cr |
| Free Cash Flow | ₹11 Cr ▲466.7% | ₹-3 Cr ▼109.4% | ₹32 Cr ▼75.8% | ₹132 Cr ▲149.1% | ₹53 Cr ▼76.4% | ₹225 Cr ▲28.6% | ₹175 Cr ▲150.0% | ₹70 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72d ▲2.9% | 70d ▲25.0% | 56d ▲3.7% | 54d ▲50.0% | 36d ▼47.8% | 69d ▼16.9% | 83d ▲0.0% | 83d |
| Inventory Days | 247d ▼20.8% | 312d ▼0.6% | 314d ▼9.8% | 348d ▼0.3% | 349d ▲62.3% | 215d ▲3.4% | 208d ▼38.3% | 337d |
| Days Payable | 80d ▼8.0% | 87d ▼3.3% | 90d ▲73.1% | 52d ▲20.9% | 43d ▲65.4% | 26d ▲30.0% | 20d ▼44.4% | 36d |
| Cash Conv. Cycle | 238d ▼19.3% | 295d ▲5.4% | 280d ▼20.0% | 350d ▲2.3% | 342d ▲32.6% | 258d ▼4.4% | 270d ▼29.7% | 384d |
| Working Capital Days | 83d ▲36.1% | 61d ▲38.6% | 44d ▲41.9% | 31d ▲34.8% | 23d | 0d ▼100.0% | 23d ▲243.8% | -16d |
| ROCE | 33.0% ▼13.2% | 38.0% ▼11.6% | 43.0% ▲16.2% | 37.0% ▲5.7% | 35.0% ▲9.4% | 32.0% ▲6.7% | 30.0% | — |
Source: Screener.in · Lower days = better efficiency
About INOX India Limited
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]
Capital Goods · Industrial Products