Inox India Ltd

Inox India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Inox India Ltd

₹ 1,038 5.60%
06 Mar 3:04 p.m.
inoxcva.com BSE: 544046 NSE: INOXINDIA
About

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]

Key Points

Business Divison[1]
1. Industrial Gas (59% of Q2FY25 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.

Website BSE NSE
  • Market Cap ₹ 9,424 Cr.
  • Current Price ₹ 1,038
  • High / Low ₹ 1,507 / 884
  • Stock P/E 47.7
  • Book Value ₹ 85.8
  • Dividend Yield 0.00 %
  • ROCE 39.2 %
  • ROE 29.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
  • Company has been maintaining a healthy dividend payout of 43.7%

Cons

  • Stock is trading at 11.6 times its book value

* 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.

Peer comparison

Sector: Packaging Industry: Packaging

Part of Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty MidSmallcap 400 BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
236 235 294 248 275 270 292 304 332
184 193 226 193 215 218 222 239 262
Operating Profit 51 42 68 56 61 52 70 64 70
OPM % 22% 18% 23% 22% 22% 19% 24% 21% 21%
5 7 8 7 5 12 6 13 16
Interest 0 2 1 1 1 2 2 3 2
Depreciation 3 3 3 4 5 5 5 6 6
Profit before tax 53 43 72 58 59 56 68 69 77
Tax % 25% 24% 25% 25% 24% 24% 22% 28% 26%
40 33 55 44 45 43 53 49 57
EPS in Rs 4.37 3.61 6.01 4.82 4.95 4.73 5.86 5.45 6.31
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
639 640 587 777 950 1,085 1,197
495 508 452 611 744 847 941
Operating Profit 144 132 135 165 206 238 256
OPM % 22% 21% 23% 21% 22% 22% 21%
-190 20 15 21 19 30 46
Interest 27 25 7 2 3 5 9
Depreciation 9 11 11 11 13 17 22
Profit before tax -83 116 132 173 208 246 271
Tax % -71% 39% 27% 26% 25% 24%
-24 71 97 128 156 186 203
EPS in Rs -26.37 77.83 107.05 14.14 17.21 20.51 22.35
Dividend Payout % 0% 0% 0% 11% 67% 54%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 23%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 24%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -13%
Return on Equity
10 Years: %
5 Years: 28%
3 Years: 28%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 18 18 18 18
Reserves 232 303 399 516 567 658 760
284 145 60 43 6 13 95
221 197 252 343 562 530 557
Total Liabilities 747 654 720 920 1,154 1,220 1,430
93 104 99 130 161 251 289
CWIP 0 0 2 2 0 5 9
Investments 119 125 69 356 293 291 302
535 425 550 432 699 672 831
Total Assets 747 654 720 920 1,154 1,220 1,430

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
59 164 226 94 169 125
-22 -2 -160 -70 -10 -29
-5 -167 -95 -25 -153 -102
Net Cash Flow 33 -5 -28 -0 6 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 87 81 69 37 50 53
Inventory Days 330 208 217 345 352 330
Days Payable 33 19 27 43 52 61
Cash Conversion Cycle 384 270 260 339 350 322
Working Capital Days 96 70 37 42 35 49
ROCE % 28% 30% 33% 36% 39%

Shareholding Pattern

Numbers in percentages

13 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
75.00% 75.00% 75.00% 75.00% 75.00%
4.65% 6.14% 6.38% 5.84% 6.52%
6.48% 6.58% 6.73% 7.14% 6.99%
13.87% 12.28% 11.88% 12.02% 11.48%
No. of Shareholders 2,37,9661,89,6741,81,7661,79,2931,71,329

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls