Skip to content
thestock.space

On 6 Nov 2026, INOX India was priced at ₹1,870.20, or 65.3× trailing earnings, against an industry P/E of 33.8×, and the shares are 20% below their 52-week high. Sales and net profit grew 18% and 19% a year over 3 years, with ROCE of 31% and ROE of 24%. It carries very little debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹17,013 Cr, ranked 14th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 64% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,905.00
Day high
₹1,970.90
Day low
₹1,821.70
Prev. close
₹1,996.40
Volume
4 L

Health check

3 good · 1 fair · 2 to check
  • ReturnsAhead

    +64.4% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 65.3 vs industry 33.8.

  • GrowthStrong

    Sales +18.2%, profit +18.6% a year over 3 years.

  • ProfitabilityStrong

    ROCE 30.6% vs peer median 24.8%.

  • Balance sheetFair

    Practically debt-free, Piotroski 4 of 9.

  • Red flags1 to check

    P/E of 65.3 against an industry P/E of 33.8.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Small cap

₹17,013 Cr, #14 of 138 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹1,715 Cr · profit ₹261 Cr
Market cap
₹17,013 Cr
Small cap
P/E
65.3
Industry 33.8
Price to book
13.85
Peers 9.16
Dividend yield
0.11%
ROE
23.6%
Peers 19.1%
ROCE
30.6%
Peers 24.8%
Debt to equity
0.02
Debt ₹26 Cr
EPS (TTM)
₹28.63
Face value ₹2
OPM (TTM)
20.6%
Net margin 15.2%
Sales growth
+30.5%
Latest quarter vs a year ago
Profit growth
+9.4%
Latest quarter vs a year ago
Price to sales
9.92
EV/EBITDA 49.1

Strengths and risks

Strengths

  • Return on equity of 23.6%.
  • Return on capital employed of 30.6%.
  • Practically debt-free.
  • Quarterly sales up 30.5% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 65.3 against an industry P/E of 33.8.

Derived automatically from reported figures. Not a recommendation.

About INOX India

INOX India Limited manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and engineering, procurement, and construction (EPC) companies in India and internationally. The company offers industrial gas equipment comprising storage and transport tanks, microbulk units, vaporizers and piping, and oil and gas equipment. It also provides liquid nitrogen containers, bio-series containers, and low-pressure storage tanks;…

Headquarters
Vadodara
Employees
752
Sector
Industrials
ISIN
INE616N01034
Website
inoxcva.com

Price range

52 weeks

₹1,068.20₹2,339.50

Today

₹1,821.70₹1,970.90
Avg volume (3M)
3 L
1-year return
plus 64.4%
From 52-week high
minus 20.1%

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
BHELBharat Heavy Electricals418.80plus 0.17%1,45,82950.674.66.6%10.1%0.2213.5%plus 56.4%
ABBABB India6,774.00plus 2.20%1,43,54792.368.228.5%13.8%0.0215.4%plus 26.4%
SIEMENSSiemens3,560.00plus 3.73%1,26,77986.159.316.5%10.4%0.023.0%plus 10.0%
CUMMINSINDCummins India4,048.80minus 0.25%1,12,23349.841.735.0%19.1%0.0016.1%minus 6.0%
GVT&DGE Vernova T&D India4,018.00minus 3.06%1,02,87971.356.658.5%26.5%0.0131.1%plus 31.7%
SUZLONSuzlon Energy38.80plus 0.54%53,33723.717.324.8%16.7%0.0741.4%minus 35.7%
AIAENGAIA Engineering3,113.60minus 2.77%29,05623.519.619.9%27.4%0.00−3.4%minus 3.9%
INOXINDIAINOX India1,870.20minus 6.32%17,01365.348.930.6%20.6%0.0218.2%plus 64.4%
Median of 7 peers–0.17%1,12,23350.656.624.8%16.7%0.0215.4%10.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
340429461371456
263334366295368
76.194.194.775.988.9
22.4%22.0%20.5%20.5%19.5%
12.77.114.610.810.9
0.733.51.61
7.69.499.59.9
–−8.53.2––
80.580.399.975.688.8
24.1%24.4%24.7%23.2%25.0%
61.160.775.258.166.6
6.716.678.276.387.31

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+18.2%
Profit CAGR 3Y
+18.6%
EPS CAGR 3Y
+18.4%
ROE
23.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9391,1061,2801,552
–+17.8%+15.7%+21.3%
7328549951,209
206252285343
22.0%22.8%22.3%22.1%
6.98.81628.5
1.53.34.57.3
13.918.125.133.6
9.418.627.511.1
207258299342
25.2%24.0%24.4%24.6%
155196226258
–+26.7%+15.3%+14.1%
17.0521.5324.8328.33

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
18.218.218.218.2
5316318561,099
916.143.281
589558738817
1,1481,2231,6552,016
172254360427
8910.27.9
0.30.20.20.2
309253289314
6597089961,267
1,1481,2231,6552,016

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
177122122117
−12.1−24.9−139−110
−154−10317.25.4
11−5.5−0.112.3
−46.9−98.3−125−106
13024.2−3.110.7
−104−99.8–−18.2

Shareholding pattern

Source: NSE filings
74.7%
promoters
  • Promoters74.73%
  • Public25.27%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.73%25.27%minus 0.13
30 Jun 202674.86%25.14%minus 0.14
31 Mar 202675.00%25.00%0.00
31 Dec 202575.00%25.00%0.00
30 Sep 202575.00%25.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you