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 ₹ 10,159 Cr.
- Current Price ₹ 1,119
- High / Low ₹ 1,507 / 802
- Stock P/E 53.3
- Book Value ₹ 85.8
- Dividend Yield 0.00 %
- ROCE 39.2 %
- ROE 29.5 %
- Face Value ₹ 2.00
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 13.0 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 500 Multicap 50:25:25 BSE Industrials BSE Allcap Nifty Smallcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 1,140 | |
| 495 | 508 | 452 | 611 | 744 | 847 | 893 | |
| Operating Profit | 144 | 132 | 135 | 165 | 206 | 238 | 247 |
| OPM % | 22% | 21% | 23% | 21% | 22% | 22% | 22% |
| -190 | 20 | 15 | 21 | 19 | 30 | 35 | |
| Interest | 27 | 25 | 7 | 2 | 3 | 5 | 8 |
| Depreciation | 9 | 11 | 11 | 11 | 13 | 17 | 21 |
| Profit before tax | -83 | 116 | 132 | 173 | 208 | 246 | 252 |
| Tax % | -71% | 39% | 27% | 26% | 25% | 24% | |
| -24 | 71 | 97 | 128 | 156 | 186 | 191 | |
| EPS in Rs | -26.37 | 77.83 | 107.05 | 14.14 | 17.21 | 20.51 | 20.99 |
| Dividend Payout % | 0% | 0% | 0% | 11% | 67% | 54% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 23% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 24% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Nov - On Newspaper Publication in respect of Notice of Postal Ballot and Remote e-voting information.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Nov - Scheduled investor interaction at Kotak Mid-Cap Conference.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Nov - Transcript of Earnings Call for Q2FY25 held on 8th November, 2024.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Nov - INOX India awarded contract for LNG storage tanks in Bahamas.
Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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.