Inox India
Inox India Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Inox India Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Inox India Ltd trades at a P/E of 63.54× and P/B of 14.65×.
Valuation
Profitability
Growth
Financial Health
Inox India Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Inox India Ltd, switchable between annual and quarterly views, consolidated or standalone.
Inox India Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹16,373.74 Cr and reported EPS of ₹28.39.
| Period | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue from Operations | 1,131 | 1,306 | 1,587 |
| Other Income | 31 | 41 | 45 |
| Total Income | 1,162 | 1,347 | 1,632 |
| Cost of Goods Sold (COGS) | 494 | 577 | 697 |
| Gross Profit | 637 | 729 | 890 |
| +Operating Expenses | 387 | 444 | 547 |
| EBITDA | 250 | 285 | 343 |
| +Non-Operating Expenses | 24 | 41 | 40 |
| Profit Before Tax (PBT) | 258 | 299 | 342 |
| +Tax Expense | 62 | 73 | 84 |
| Profit After Tax (PAT) | 196 | 226 | 258 |
| Earnings Per Share (EPS) | 21.59 | 24.90 | 28.41 |
| Diluted Shares Outstanding (Nos.) | 9 | 9 | 9 |
| +Additional Disclosures | 1,397 | 1,630 | 1,985 |
| Sales Growth % | — | 15.46 | 21.52 |
| YoY Sales Growth % | — | 15.46 | 21.52 |
| Material Cost % | 40 | 45 | 42 |
| Employee Cost % | 9 | 8 | 9 |
| Other Cost % | 25 | 26 | 25 |
| OPM % | 22 | 22 | 22 |
| Tax % | 24 | 24 | 25 |
| Profit Growth % | — | 15.32 | 14.10 |
| Gross Margin % | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 |
| Additional Fields | 232 | 260 | 309 |
Inox India segment analysis: revenue and profit mix.
Disclosed business segments at Inox India with their share of revenue and profit, switchable between consolidated and standalone reporting.
Inox India discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Inox India Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Inox India Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Inox India Ltd's investment case rests on 7 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
Inox India demonstrates robust profitability with a strong Return on Equity (ROE) of 29% and Return on Capital Employed (ROCE) of 38%, indicating efficient capital utilization and healthy earnings generation.
The company shows consistent growth, with quarterly sales increasing by 14.6% and quarterly profits rising by 16.1%, reflecting strong demand and effective operational management.
Inox India maintains a very healthy financial structure, evidenced by its exceptionally low debt-to-equity ratio of 0.05, providing significant financial stability and flexibility for future endeavors.
A high promoter holding of 75% signals strong confidence from the company's leadership in its future prospects, aligning management and shareholder interests effectively.
The consistent increase in FII holdings from 4.65% to 7.12% over recent periods indicates growing foreign institutional investor confidence, potentially driving future stock appreciation.
What can break it.
Inox India's Price-to-Earnings (P/E) ratio stands at a relatively high 48.40, suggesting the stock might be overvalued compared to its current earnings, which warrants careful consideration for investors.
The stock has shown some recent volatility, with a -0.88% change on 2025-10-30, indicating potential short-term price fluctuations that investors should be aware of.
Despite a low debt-to-equity ratio, the absolute debt of ₹43.2 crore could become a concern during economic downturns, necessitating close monitoring of the company's debt management.
The company's primary focus within the "Other Industrial Products" sector might expose it to market volatility and specific industry risks, suggesting a need for potential diversification.
Intense competition within the "Capital Goods" sector, particularly from peers like Esab India with a higher ROCE of 70.03%, could pressure Inox India's market share and profitability.
What would change my mind.
Trim if P/E re-rates above 83. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 7.75. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 21%. The operating engine is no longer compounding capital efficiently.
Inox India Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Inox India Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Inox India Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Inox India Ltd — derived from the live tape, not yesterday's close.
Inox India Ltd last traded at ₹1,808.2 with an intraday range of ₹1,795–₹1,930.3 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1808.20| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2164.60 | +356.40 | +19.71% |
| R3 | 2029.30 | +221.10 | +12.23% |
| R2 | 1979.80 | +171.60 | +9.49% |
| R1 | 1894.00 | +85.80 | +4.75% |
| PIVOT | 1844.50 | 36.30 | 2.01% |
| CURRENT | 1808.20 | — | — |
| S1 | 1488.10 | -320.10 | -17.70% |
| S2 | 1623.40 | -184.80 | -10.22% |
| S3 | 1709.20 | -99.00 | -5.48% |
| S4 | 1758.70 | -49.50 | -2.74% |
INOXINDIA is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 1833.8 ~ 1891
Trading Inside opening range
Inox India Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Inox India Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Inox India Ltd stood at 20.1% of traded volume, against a 20-day average of 39.2%.
Inox India announcements: results, concalls, ratings, M&A.
Filings Inox India sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Inox India files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 142 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
INOX India Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
INOX India Limited has informed the Exchange about Copy of Newspaper Publication.
Shareholders meeting
INOX India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 23, 2026
Analysts/Institutional Investor Meet/Con. Call Updates
INOX India Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
INOX India Limited has informed the Exchange about Newspaper Publication intimating about the 49th AGM of the Company.
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Inox India insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Inox India as reported to SEBI — buying and selling signals from the people who know the business best.
Inox India insider activity below tracks 7 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Parag Padmakar Kulkarni | Insider | 25 Feb 2025 | sell | −35.3 K | ₹3.18 Cr | ₹903.01 |
| Parag Padmakar Kulkarni | Insider | 24 Feb 2025 | sell | −8.2 K | ₹74.5 L | ₹906.16 |
| Parag Padmakar Kulkarni | Insider | 21 Feb 2025 | sell | −10.3 K | ₹92.82 L | ₹905.52 |
| Parag Padmakar Kulkarni | Insider | 21 Feb 2025 | sell | −5.0 K | ₹45.67 L | ₹913.34 |
| Parag Padmakar Kulkarni | Insider | 20 Feb 2025 | sell | −6.4 K | ₹58.4 L | ₹916.29 |
| Parag Padmakar Kulkarni | Insider | 19 Feb 2025 | sell | −10.0 K | ₹90.83 L | ₹908.29 |
| Parag Padmakar Kulkarni | Insider | 17 Feb 2025 | sell | −4.9 K | ₹44.38 L | ₹908.29 |
Inox India dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Inox India has declared, sequenced by announce and record date.
Inox India corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Inox India Ltd: business, sector, key facts.
What Inox India Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Inox India Ltd operates in the Industrials, listed as NSE: INOXINDIA, BSE: 544046.
INOX India Limited is a leading manufacturer and supplier of cryogenic equipment and technologies, serving a diverse range of industries both domestically and internationally. Their core business revolves around the design, manufacture, and supply of storage and transport tanks for cryogenic liquids, primarily focusing on industrial gases. This includes a wide array of products tailored to specific applications, from large-scale industrial storage to smaller, specialized units for various sectors.
The company's product portfolio is extensive and encompasses a broad spectrum of cryogenic equipment. This includes microbulk units, vaporizers, and piping systems for industrial gas handling; liquid nitrogen containers and bio-series containers for medical and scientific applications; and cylinders for various gases, such as refrigerants, LPG, and helium. Beyond basic storage and transport, INOX India also offers advanced cryogenic process technologies, crucial for industries needing precise temperature control.
INOX India's expertise extends to more specialized areas like cryogenic propulsion systems for aerospace applications and contributions to large-scale projects such as the ITER fusion reactor and superconductivity research. The company is not only a supplier of equipment but also provides comprehensive installation services and project operation support, ensuring clients receive a complete solution. They tailor solutions to meet specific customer needs, offering bespoke technologies and equipment beyond standard offerings.
The diverse range of sectors served by INOX India highlights the versatility and critical role of their technologies. Their client base spans aviation and aerospace, construction, healthcare, energy (including LNG, green hydrogen), chemicals, food and beverage, and numerous other industries requiring advanced cryogenic solutions. This wide-reaching presence underscores their position as a key player in the global cryogenic equipment market and their ability to adapt their offerings to meet evolving industry demands.
Questions investors ask about Inox India Ltd (INOXINDIA).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Inox India Ltd (INOXINDIA)?
The current share price of Inox India Ltd (INOXINDIA) is ₹1,808.2. Today, the stock has declined by ₹40.60 (2.20%), trading in a range of ₹1,795 to ₹1,930.3. The stock opened at ₹1,880 with a trading volume of 7,15,519 shares.
02Is Inox India Ltd stock a good investment for long-term?
Inox India Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹16,373.74 crores, P/E ratio of 63.54, ROE of 25.90%, and ROCE of 38.00%. The dividend yield stands at 0.11%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Inox India Ltd stock?
The 52-week high price of Inox India Ltd (INOXINDIA) is ₹0, while the 52-week low is ₹0. Currently trading at ₹1,808.2, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Inox India Ltd stock at the current price?
Whether to buy Inox India Ltd stock at ₹1,808.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 63.54 and P/B ratio of 14.65. Today's performance shows a loss of 2.20%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Inox India Ltd and when is the next dividend?
Inox India Ltd offers a dividend yield of 0.11%, which means for every ₹100 invested at the current price of ₹1,808.2, you can expect to receive approximately ₹0.11 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Inox India Ltd?
Inox India Ltd's key financial metrics include: P/E Ratio: 63.54, P/B Ratio: 14.65, ROE: 25.90%, ROCE: 38.00%, Dividend Yield: 0.11%, EPS: ₹28.39, Book Value: ₹123.14, and Debt-to-Equity: 7.25. The company's market cap stands at ₹16,373.74 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Inox India Ltd stock performing today in the market?
Inox India Ltd stock opened at ₹1,880 and is currently trading at ₹1,808.2, showing a decline of ₹40.60 (2.20%). The intraday high is ₹1,930.3 and low is ₹1,795. The trading volume stands at 7,15,519 shares, indicating moderate market participation today.
08What is the P/E ratio of Inox India Ltd and what does it indicate?
Inox India Ltd has a Price-to-Earnings (P/E) ratio of 63.54, which means investors are willing to pay ₹63.54 for every ₹1 of earnings. With an EPS of ₹28.39, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Inox India Ltd (INOXINDIA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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