Inox India Ltd

Inox India Ltd

₹ 1,135 -3.80%
21 Nov 4:00 p.m.
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.

  • Market Cap 10,309 Cr.
  • Current Price 1,135
  • High / Low 1,507 / 802
  • Stock P/E 52.9
  • Book Value 82.7
  • Dividend Yield 0.00 %
  • ROCE 43.1 %
  • ROE 32.7 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.6%

Cons

  • Stock is trading at 13.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
244 235 308 258 290 276 296 307
192 195 237 199 224 223 226 243
Operating Profit 52 40 72 59 67 53 70 64
OPM % 21% 17% 23% 23% 23% 19% 24% 21%
6 6 8 7 5 11 5 13
Interest 1 2 1 1 2 2 2 3
Depreciation 4 3 4 4 5 5 6 6
Profit before tax 54 41 76 60 64 58 68 69
Tax % 24% 25% 25% 23% 24% 24% 23% 28%
41 31 57 46 49 44 53 49
EPS in Rs 4.48 3.37 6.29 5.10 5.35 4.86 5.80 5.45
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
650 649 595 783 966 1,131 1,170
506 516 459 615 761 879 916
Operating Profit 144 133 136 168 205 252 254
OPM % 22% 20% 23% 21% 21% 22% 22%
28 48 15 21 19 30 35
Interest 27 26 7 2 4 6 9
Depreciation 9 12 12 12 14 18 22
Profit before tax 135 144 133 174 207 258 258
Tax % -44% 32% 27% 25% 25% 24%
193 97 97 130 155 196 195
EPS in Rs 213.05 107.23 107.40 14.38 17.05 21.59 21.46
Dividend Payout % 0% 0% 0% 10% 67% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 24%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 26%
TTM: 12%
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 Sep 2024
Equity Capital 9 9 9 18 18 18 18
Reserves 201 270 363 484 531 631 733
284 145 60 55 9 16 97
231 205 259 340 589 534 567
Total Liabilities 725 629 691 897 1,148 1,199 1,415
94 110 102 134 164 255 293
CWIP 0 0 2 2 0 5 9
Investments 81 80 25 312 249 247 257
549 439 562 449 734 692 856
Total Assets 725 629 691 897 1,148 1,199 1,415

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
85 188 233 97 177 126
136 -28 26 -72 -13 -29
-186 -168 -96 -26 -154 -103
Net Cash Flow 36 -8 163 -1 10 -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 72 36 54 52
Inventory Days 337 208 215 349 348 320
Days Payable 36 20 26 43 52 59
Cash Conversion Cycle 384 270 261 342 350 313
Working Capital Days 95 71 37 45 31 48
ROCE % 30% 33% 35% 37% 43%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00%
4.65% 6.14% 6.38% 5.84%
6.48% 6.58% 6.73% 7.14%
13.87% 12.28% 11.88% 12.02%
No. of Shareholders 2,37,9661,89,6741,81,7661,79,293

* 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.

Click on the line-items to see the names of individual entities.

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