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INOX India Limited (INOXINDIA.NS)

INR1,964.40 +112.60 (+6.08%)
IN NSE Industrials Industrial - Machinery
Address K P Platina 390007
Vadodara, GJ, IN
CEO Deepak Acharya
IPO 2023-12-21
ISIN INE616N01034

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Description

INOX India Limited manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and engineering, procurement, and construction (EPC) companies in India and internationally. It also offers industrial gas equipment comprising storage and transport tanks, microbulk units, vaporizers and piping, and oil and gas equipment. In addition, the company provides liquid nitrogen containers, bio-series containers, and low-pressure storage tanks; cylinders for gases, including refrigerants, LPG, and helium balloon cylinders. Further, it offers cryogenic process technologies, cryogenic propulsion systems, and satellite and launch facilities, as well as fusion (ITER) and superconductivity. Additionally, the company engages in the installation of equipment and systems for cryogenic conditions, standard cryogenic tanks and equipment, bespoke technology, equipment and solutions, as well as the operation of projects used in industrial gases, LNG, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, construction, and pharmaceuticals. Furthermore, it provides industrial applications, LNG infrastructure, horsepower, automotive industry applications systems, and LNG equipment, as well as beer kegs. The company serves aviation and aerospace, construction and cement, cryo scientific research, dairy and livestock, electronics, fertilizer and chemical, food and beverages, material handling, glass and ceramics, health care and life sciences, hydrogen, industrial gas, LNG and LCNG, metal processing, oil and gas, refining, petrochemical, paper and pulp, pharmaceuticals, power and utilities, rubber, steel and mining, water and water treatment, and entertainment and event sectors. INOX India Limited was incorporated in 1976 and is headquartered in Vadodara, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,964.40 +112.60 (+6.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
430.0K
Beta
0.64
Float Shares
22.47M
Free Float %
24.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.32% -8.28% -2.66% +22.24% +19.08% +26.05% +31.10% +52.08% +52.08% +52.08% +52.08%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,964.40
DCF (Unlevered) 322.47 -83.6%
DCF (Levered) 507.04 -74.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
10.40
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +24.0% Q1'26: +34.2% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    +14.1% Q1'26: +14.9% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +2.0% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +19.6% Q1'26: +18.6% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +26.7% Q1'26: +29.4% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    0.24× Q1'26: 0.21× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.69) × ERP
WACC = 100% × Ke + 0% × Kd (19.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 319.23 Current price: 1,964.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
2 EPS Ana.
Mar 2027
3 Rev. Ana.
2 EPS Ana.
Mar 2028
3 Rev. Ana.
2 EPS Ana.
Revenue
11.06B
est: 11.19B (-1.2%)
12.80B
est: 13.28B (-3.6%)
15.59B
15.50B – 15.69B
+17.5% YoY
18.30B
18.06B – 18.56B
+17.4% YoY
21.29B
21.01B – 21.59B
+16.3% YoY
EBITDA
2.79B
est: 2.92B (-4.5%)
3.28B
est: 3.47B (-5.3%)
4.07B
4.05B – 4.10B
+17.5% YoY
4.78B
4.72B – 4.85B
+17.4% YoY
5.56B
5.49B – 5.64B
+16.3% YoY
EBIT
2.61B
est: 2.71B (-3.6%)
3.03B
est: 3.21B (-5.6%)
3.78B
3.75B – 3.80B
+17.5% YoY
4.43B
4.37B – 4.49B
+17.4% YoY
5.15B
5.09B – 5.23B
+16.3% YoY
Net Income
1.96B
est: 1.92B (+2.3%)
2.26B
est: 2.24B (+1.1%)
2.58B
2.51B – 2.60B
+15.3% YoY
3.17B
3.10B – 3.22B
+22.8% YoY
3.63B
3.57B – 3.81B
+14.6% YoY
SGA
1.13B
est: 1.16B (-2.0%)
1.21B
est: 1.37B (-11.5%)
1.61B
1.60B – 1.62B
+17.5% YoY
1.89B
1.87B – 1.92B
+17.4% YoY
2.20B
2.17B – 2.23B
+16.3% YoY
EPS
21.59
est: 21.10 (+2.3%)
24.90
est: 24.55 (+1.4%)
28.03
27.60 – 28.60
+14.2% YoY
34.60
34.00 – 35.40
+23.4% YoY
40.57
39.25 – 41.89
+17.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
462.71M
OE per share TTM
5.08
Owner's Yield
0.35%
Maintenance CapEx ratio
14.39%
Maint CapEx / Avg PPE
20.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 38 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Goldman Sachs India Equity ETF GIND 0.85% 1.41M 0.75%
2 iShares MSCI India Small-Cap ETF SMIN 0.12% 843.7K 0.74%
3 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.03% 97.0K 0.74%
4 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.02% 25.3K 0.42%
5 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.02% 107.7K 0.55%
6 Avantis Emerging Markets ex-China Equity ETF AVXC 0.01% 55.3K 0.33%
7 Dimensional Emerging Markets Sustainability Core 1 ETF DFSE 0.01% 80.4K 0.44%
8 Dimensional - Emerging Markets ex China Core Equity ETF DEXC 0.01% 34.3K 0.56%
9 Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L 0.01% 20.6K 0.35%
10 Avantis Emerging Markets Value ETF AVES 0.01% 86.3K 0.36%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.44M
Shares Outstanding
90.76M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Parag Kulkarni Executive Director 8M male
Deepak V. Acharya Chief Executive Officer male
Jaymeen Patel Company Secretary & Compliance Officer male
Pavan Logar Chief Financial Officer male
R. L. Panjwani President of Cryoscientific Division male
Savir Julka Global Head of Sales & Marketing for Industrial Gases male
Sudhir Sethi Chief People Officer and Head of HR & Legal male
Tushar Zope Chief Technology Officer male
A. K. Niyogi Vice President of Engineering male
Vijay Kalaria Global Head of Sales & Marketing for LNG male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits