Inox India Ltd
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]
- Market Cap ₹ 12,281 Cr.
- Current Price ₹ 1,353
- High / Low ₹ 1,473 / 802
- Stock P/E 62.7
- Book Value ₹ 71.5
- Dividend Yield 0.00 %
- ROCE 43.1 %
- ROE 32.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.5%
Cons
- Stock is trading at 18.9 times its book value
- Working capital days have increased from 67.2 days to 128 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 650 | 649 | 594 | 783 | 966 | 1,131 | |
| 506 | 516 | 459 | 615 | 760 | 881 | |
| Operating Profit | 144 | 133 | 135 | 168 | 206 | 250 |
| OPM % | 22% | 20% | 23% | 21% | 21% | 22% |
| 28 | 48 | 15 | 21 | 17 | 31 | |
| Interest | 27 | 26 | 7 | 2 | 4 | 6 |
| Depreciation | 9 | 12 | 12 | 12 | 14 | 18 |
| Profit before tax | 135 | 144 | 131 | 174 | 205 | 258 |
| Tax % | -44% | 32% | 27% | 25% | 26% | 24% |
| 193 | 97 | 96 | 130 | 153 | 196 | |
| EPS in Rs | 213.05 | 107.23 | 105.89 | 14.38 | 16.83 | 21.59 |
| Dividend Payout % | 0% | 0% | 0% | 10% | 74% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 24% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | 27% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 31% |
| Last Year: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 18 | 18 | 18 |
| Reserves | 201 | 270 | 362 | 484 | 531 | 631 |
| 284 | 145 | 68 | 55 | 9 | 16 | |
| 231 | 205 | 248 | 340 | 590 | 534 | |
| Total Liabilities | 725 | 629 | 687 | 897 | 1,148 | 1,199 |
| 94 | 110 | 102 | 134 | 164 | 255 | |
| CWIP | 0 | 0 | 2 | 2 | 0 | 5 |
| Investments | 81 | 80 | 25 | 312 | 249 | 247 |
| 549 | 439 | 558 | 449 | 735 | 692 | |
| Total Assets | 725 | 629 | 687 | 897 | 1,148 | 1,199 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 85 | 188 | 231 | 97 | 178 | 126 | |
| 136 | -28 | -152 | -72 | -12 | -28 | |
| -186 | -168 | -96 | -26 | -154 | -103 | |
| Net Cash Flow | 36 | -8 | -17 | -1 | 12 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 83 | 83 | 69 | 36 | 54 | 52 |
| Inventory Days | 337 | 208 | 215 | 349 | 348 | 320 |
| Days Payable | 36 | 20 | 26 | 43 | 55 | 59 |
| Cash Conversion Cycle | 384 | 270 | 258 | 342 | 348 | 313 |
| Working Capital Days | 95 | 71 | 38 | 45 | 29 | 128 |
| ROCE % | 30% | 32% | 35% | 37% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12h - Newspaper Publication for information regarding 47th Annual General Meeting of the Company.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of Earnings call held on 13th May, 2024.
- Intimation Of 47Th Annual General Meeting Of The Company. 15 May
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 May - Outcome of Conference Call with Analysts/Investors- Audio Recordings on 13th May, 2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 May - Result Press Release- Quarter and Year ended 31st March, 2024.
Concalls
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
Business Divison[1]
1. Industrial Gas (71% of FY23 revenue)
The division designs, manufactures, and installs cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases, including green hydrogen and oxygen.