Inox India Limited
NSE: INOXINDIA · Other Industrial Products · sector
₹1,900.70NSE close 2026-10-26
Key numbers
Market cap₹17,251 cr
Price₹1,900.70
52w high / low₹2,340 / ₹1,068
P/E67.7xSector median 23.1x
P/B15.4xSector median 3.1x
Book value₹123.1
Dividend yield0.10%Sector median 0.43%
ROE25.8%Sector median 9.8%
ROCE29.2%Sector median 13.0%
OPM21.0%Sector median 10.1%
Debt / equity0.06xSector median 0.23x
EV/EBITDA50.1xSector median 14.2x
Interest cover34.4x
Current ratio1.78x
Sales growth 3y–Sector median +13.6%
Profit growth 3y–Sector median +11.4%
PEG7.09x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Other Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹320 cr vs borrowings ₹70 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 34.4x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Debtor days went from 52 (FY24) to 72 (FY26).
- Dividend paid in 1 of the last 3 financial years.
- Price ₹1,900.70 on 2026-10-26: -18.8% from the 52-week high, +77.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,185.50 · low ₹903.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 307 | 334 | 369 | 340 | 358 | 429 | 461 | 371 |
| EBITDA | 64 | 76 | 82 | 76 | 80 | 86 | 98 | 76 |
| OPM % | 20.8% | 22.9% | 22.1% | 22.4% | 22.3% | 20.0% | 21.2% | 20.5% |
| Other income | 13 | 8 | 13 | 13 | 11 | 7 | 15 | 11 |
| Net profit | 50 | 58 | 66 | 61 | 61 | 61 | 75 | 61 |
| EPS (₹) | 5.45 | 6.43 | 7.22 | 6.73 | 6.70 | 6.69 | 8.29 | 6.40 |
| Revenue YoY | +16.9% | +28.5% | +24.7% | +9.2% | ||||
| Profit YoY | +21.5% | +4.0% | +14.9% | -0.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 1,131 | 1,306 | 1,587 | 1,618 |
| EBITDA | 250 | 292 | 340 | 339 |
| Net profit | 196 | 226 | 258 | 257 |
| EPS (₹) | 21.59 | 24.90 | 28.41 | 28.08 |
| Revenue growth | +15.5% | +21.5% | +19.9% | |
| Profit growth | +15.3% | +14.1% | +9.6% | |
| Dividend / share (₹) | – | – | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +19.9% |
| Net profit | – | – | +9.5% |
| EPS | – | – | – |
| Share price | – | +30.4% (2y) | +61.4% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 649 | 874 | 1,118 |
| Borrowings | 13 | 33 | 70 |
| Cash & equivalents | 258 | 291 | 320 |
| Total assets | 1,199 | 1,655 | 2,016 |
| Fixed assets | 245 | 350 | 419 |
| Capital work in progress | 5 | 4 | 4 |
| Investments | 0 | 0 | 0 |
| Receivables | 160 | 252 | 313 |
| Inventory | 434 | 493 | 478 |
| Payables | 80 | 138 | 156 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 126 | 122 | 117 |
| Cash from investing | -28 | -139 | -110 |
| Cash from financing | -103 | 17 | 5 |
| Capex | 101 | 125 | 106 |
| Free cash flow | 24 | -3 | 11 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 30.2% | 25.9% | 23.1% |
| ROCE % | 39.8% | 33.9% | 29.6% |
| Debtor days | 52 | 70 | 72 |
| Inventory days | 320 | 312 | 250 |
| Payable days | 59 | 87 | 82 |
| Cash conversion cycle (days) | 313 | 295 | 240 |
| Working capital days | 129 | 143 | 156 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.73% |
| FIIs | 6.63% |
| DIIs | 7.44% |
| of which Mutual funds | 6.14% |
| of which Insurance | 0.78% |
| Public (non-institutions) | 11.20% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 74.86% | 74.73% |
| Promoter group | % |
|---|---|
| Siddharth Jain | 37.21% |
| Pavan Kumar Jain | 16.39% |
| Nayantara Jain | 15.69% |
| Ishita Jain | 4.19% |
| Manju Jain | 0.70% |
| Lata Madhusudan Rungta | 0.55% |
| Araadhya Jain | 0.00% |
| Varenyaa Jain | 0.00% |
| Nairiti Jain | 0.00% |
| Shreyasi Goenka | 0.00% |
| Kiran Kheruka | 0.00% |
| Pradeep Kheruka | 0.00% |
| Chandralekha Roongta | 0.00% |
| Kusum Mittal | 0.00% |
| Minal Somany | 0.00% |
| Public holders above 1% | % |
|---|---|
| Goldman Sachs Funds - Goldman Sachs India Equity P | 1.56% |
| Abakkus Flexi CAP Fund | 1.33% |
| ICICI Prudential Technology Fund | 1.11% |
1,58,552 shareholders. Pledged: – of promoter shares.
Peers in Other Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HBLENGINE | ₹21,089 cr | 22.8x | 9.5x | 50.0% | 55.1% | 31.2% | +34.1% | – |
| INOXINDIA | ₹17,251 cr | 67.7x | 15.4x | 25.8% | 29.2% | 21.0% | – | 0.10% |
| ESABINDIA | ₹8,178 cr | 36.9x | 19.1x | 56.1% | 69.1% | 19.5% | +11.4% | 1.73% |
| KRN | ₹7,000 cr | 69.0x | 12.2x | 18.1% | 17.1% | 19.6% | – | – |
| SUBROS | ₹3,885 cr | 23.4x | 3.1x | 14.2% | 18.1% | 8.1% | +10.2% | 0.43% |
| HARSHA | ₹3,716 cr | 24.0x | 2.6x | 11.7% | 13.2% | 14.6% | +6.0% | 0.25% |
| ADOR | ₹2,272 cr | 19.7x | 4.0x | 21.7% | 27.2% | 12.1% | +13.6% | 1.53% |
| DIFFNKG | ₹1,495 cr | 27.2x | 3.7x | 14.1% | 15.3% | 13.8% | – | 0.38% |
| MICEL | ₹865 cr | – | 4.0x | -5.5% | 8.8% | 11.4% | +102.6% | – |
| HTEL | ₹645 cr | – | – | – | – | – | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-09 | Dividend | Dividend - Rs 2 Per Share |
| 2025-06-04 | Dividend | Dividend - Rs 2 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Fabrication: Manufacturer of Industrial Gas Storage Equipment, including Storage Tank, Transport Tank, and Micro Bulk container, etc
- Fabrication: Manufacturer of LNG Tankers, LNG Fuel tank, setting up LCNG station, etc
- Others: Manufacturer of disposable cylinders, stainless steel kegs and non-cryo equipment
| Sector | Industrials |
| Industry | Other Industrial Products |
| Sub-industry | Other Industrial Products |
| Symbol | INOXINDIA |
| BSE code | 544046 |
| ISIN | INE616N01034 |
| Face value | ₹2.0 |
| Incorporated | 1976-12-21 |
| Website | www.inoxcva.com |
| Plants (India / abroad) | 4 / 1 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.