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INOX India Limited (INOXINDIA)

Capital Goods · Industrial Products · NSE · Updated 16 June 2026

₹1,786.4 ↑ 50.93% (1Y)

🎯 Key Takeaways

INOX India Limited is in a high-growth phase driven by strong order execution in LNG infrastructure, aerospace, and cryo-scientific segments, with a robust order backlog providing long-term visibility. Management is targeting 18-20% revenue growth in FY27 and sustained quarterly inflows of INR450-500 crores, supported by scalable margins and export-oriented demand.
Revenue grew 8.8% QoQ to ₹334 in Q3FY25.
⚠️ Execution risk in large project-based orders with long payment cycles could delay cash realization despite strong order backlog.

Market Cap

₹13,006

P/E Ratio

63.6

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About INOXINDIA 📊 Interactive Charts

📖 The Story

INOX India Limited is in a high-growth phase driven by strong order execution in LNG infrastructure, aerospace, and cryo-scientific segments, with a robust order backlog providing long-term visibility. Management is targeting 18-20% revenue growth in FY27 and sustained quarterly inflows of INR450-500 crores, supported by scalable margins and export-oriented demand.

📰 What's Happening

In Q4 FY26, INOX India reported revenue of INR1,632 crores (+21.2% YoY) and PAT of INR261 crores (+19.3% YoY), driven by record order wins including INR200 crores from a U.S. space client, 6 LNG tanks for Cochin Shipyard, and LCNG stations for Gujarat Gas. The company emphasized growth in LNG infrastructure, aerospace, and Cryo-Scientific segments, with a backlog of INR1,514 crores (63% exports). Management guided FY27 revenue growth of 18-20% and quarterly order inflows of INR450-500 crores, targeting full utilization of 1 million keg capacity.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	290	276	296	307	334
Operating Profit	71	64	76	77	85
OPM %	23.0%	19.3%	23.7%	20.9%	20.7%
Net Profit	49	44	53	49	58
EPS	₹5.35	₹4.86	₹5.80	₹5.45	₹6.43

Revenue has grown sequentially and YoY, rising from INR276 crores in Q4 FY24 to INR334 crores in Q3FY25, with OPM stability around 20-23% and NP expanding from INR44 crores to INR58 crores over the same period. This growth aligns with management's narrative of order execution and infrastructure demand, particularly in LNG and aerospace, where long-cycle projects are translating into revenue and margin resilience.

🔮 Management Outlook & What's Next

Management guided FY27 revenue growth of 18-20% and quarterly order inflows of INR450-500 crores, targeting full utilization of 1 million keg capacity. They also highlighted stabilization of operating cash flow over 2-3 years despite near-term pressure from high capex and long payment cycles in project-based orders.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Industrial Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Cummins India Limited	1.49 L Cr	74.4	—	—	—
Polycab India Limited	1.38 L Cr	74.8	—	—	—
APL Apollo Tubes Limited	52,483	43.6	29.3%	22.7%	0.09
KEI Industries Limited	48,924	72.7	—	—	—
Supreme Industries Limited	44,570	43.6	—	—	—
Astral Limited	41,662	79.2	—	—	—
AIA Engineering Limited	35,987	31.0	20.4%	16.8%	0.07
Welspun Corp Limited	34,530	23.2	—	—	—
Timken India Limited	26,561	61.0	—	—	—
Kirloskar Oil Engines Limited	25,295	49.8	—	—	—

🔗 Peer Stock Analyses

CUMMINSIND POLYCAB APLAPOLLO KEI SUPREMEIND

⚠️ Risk Factors

1. Execution risk in large project-based orders with long payment cycles could delay cash realization despite strong order backlog. 2. High capex intensity may sustain negative operating cash flow in the near term, requiring careful liquidity management. 3. Concentration in export-oriented segments exposes the company to global macro and geopolitical volatility, particularly in U.S. space and LNG markets.

📋 Recent Filings

🧠 Analyst's Read

INOX India is executing well on a scalable infrastructure growth story with strong order visibility and margin resilience, but near-term cash flow pressure from project-based execution warrants monitoring. The next key catalyst will be shareholder approval of the ₹200 crore related party transaction at the upcoming AGM, which could impact financial flexibility and governance transparency.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on INOXINDIA

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.