INOX India Limited (INOXINDIA) AI Stock Analysis

• Market Cap: ₹107.21B
• Dividend Yield: 0.18%
• Average Volume (3M): 5.79K
• Price to Earnings (P/E): 42.4
• Beta (1Y): 0.89
• Revenue Growth: 19.78%
• EPS Growth: 26.20%
• Country: IN
• Employees: 535
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 6.70
• Shares Outstanding: 90,763,500
• 10 Day Avg. Volume: 2,965
• 30 Day Avg. Volume: 5,791
• PEG Ratio: 2.67
• Price to Book (P/B): 10.59
• Price to Sales (P/S): 7.08
• P/FCF Ratio: 76.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 28.33
• Revenue Forecast (FY): ₹15.42B

• Rating: 71 Outperform
• Price Target: ₹1,309.00 ▲(14.96% Upside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

INOX India Limited's strong financial performance is the primary driver of its stock score, reflecting robust revenue growth, profitability, and financial stability. Technical analysis suggests a neutral market position with slight bullish momentum. However, the high P/E ratio and low dividend yield indicate potential overvaluation, which tempers the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business strategies, supporting long-term financial stability.

Operational Efficiency

Improved margins reflect operational efficiency, enhancing profitability and competitiveness in the industrial gases sector.

Cash Flow Management

Strong cash flow management ensures liquidity and the ability to invest in growth opportunities, supporting sustainable business expansion.

Negative Factors

Asset Utilization

Suboptimal asset utilization may limit operational efficiency and return on investment, potentially impacting long-term growth.

Dividend Yield

A low dividend yield may deter income-focused investors, affecting the attractiveness of the stock in the long term.

Valuation Concerns

Potential overvaluation could limit upside potential and increase risk, affecting investor sentiment and stock performance.

INOX India Limited Business Overview & Revenue Model

Company Description

INOX India Limited manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and other customers online in India and internationally. It engages in the installation of equipment and systems for cryogenic conditions, standard cryogenic tanks and equipment, bespoke technology, equipment and solutions, industrial gases, LNG, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, construction, and industrial gas products, including standard products, such as storage and bulk tanks, transport tanks, micro-bulk systems, vaporizers, cryoseal liquid nitrogen containers, engineered products, and original equipment manufacturer and other products; oil and gas products, including offshore skid tanks, nitrogen pumping units, fluid pumpers, fracing units, and mobile labor identification number storage units; and liquefied natural gas integrated systems and liquefied natural gas equipment. The company also provides cryogenic tanks, super insulated piping, and related equipment for storage and distribution of cryogenic fluids; cold box and vacuum systems; gas charging systems; and solutions for satellite launch facilities, cryogenic propulsion systems and research, simulation, atomic and atomic energy, aerospace space simulation, plasma research, cryogenic process technologies, and scientific and industrial research. INOX India Limited was incorporated in 1976 and is based in Vadodara, India.

How the Company Makes Money

INOX India Limited generates revenue primarily through the production and sale of industrial gases, which are sold to various sectors such as healthcare, food and beverage, and manufacturing. The company has established a strong distribution network that allows it to supply gases in both liquid and gaseous forms. Additionally, INOXINDIA earns income from engineering and project management services related to gas production and delivery systems. Key revenue streams include long-term contracts with industrial clients, recurring sales from hospitals and healthcare facilities, and partnerships with various industries that require specialized gas applications. The company's focus on innovation and technology, alongside strategic partnerships, also contributes significantly to its earnings.

INOX India Limited Financial Statement Overview

Summary

INOX India Limited exhibits strong financial health across all verticals. The company has shown consistent growth in revenue and profitability, underpinned by effective cost management and operational efficiency. The balance sheet is strong with low leverage and high equity, ensuring financial stability. Cash flows are robust, supporting sustainable growth and shareholder returns.

Income Statement

INOX India Limited has demonstrated strong revenue and profit growth over the years. The gross profit margin is robust, indicating effective cost management, while the net profit margin shows a healthy bottom line. The company has consistently improved its EBIT and EBITDA margins, reflecting operational efficiency.

Balance Sheet

The balance sheet of INOX India Limited shows a solid equity base with a healthy equity ratio, suggesting financial stability. The debt-to-equity ratio is low, indicating low leverage. Return on equity is impressive, showcasing effective use of shareholders' funds. However, there is room for improvement in asset utilization.

Cash Flow

INOX India Limited has strong cash flow metrics, with a significant free cash flow growth rate. The company maintains a healthy operating cash flow to net income ratio, indicating efficient cash generation from operations. The free cash flow to net income ratio is strong, reflecting good cash management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	13.49B	13.06B	11.31B	9.66B	7.82B	5.89B
Gross Profit	7.69B	7.28B	6.32B	2.93B	3.14B	1.82B
EBITDA	3.31B	2.84B	2.80B	2.06B	1.89B	1.50B
Net Income	2.35B	2.26B	1.96B	1.55B	1.30B	961.07M
Balance Sheet
Total Assets	0.00	16.55B	11.99B	11.48B	8.97B	6.87B
Cash, Cash Equivalents and Short-Term Investments	2.89B	2.91B	2.53B	3.09B	3.20B	2.16B
Total Debt	0.00	432.49M	161.46M	89.88M	545.38M	674.96M
Total Liabilities	-8.74B	7.82B	5.50B	5.98B	3.94B	3.16B
Stockholders Equity	8.74B	8.74B	6.49B	5.49B	5.02B	3.72B
Cash Flow
Free Cash Flow	0.00	1.20B	241.70M	1.30B	531.12M	2.24B
Operating Cash Flow	0.00	1.22B	1.26B	1.77B	970.37M	2.31B
Investing Cash Flow	0.00	-1.39B	-280.80M	-120.86M	-745.65M	-1.48B
Financing Cash Flow	0.00	171.53M	-1.03B	-1.54B	-261.33M	-957.09M

INOX India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1138.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INOXINDIA, the sentiment is Positive. The current price of 1138.65 is below the 20-day moving average (MA) of 1158.96, below the 50-day MA of 1141.02, and below the 200-day MA of 1170.35, indicating a bullish trend. The MACD of 8.92 indicates Negative momentum. The RSI at 55.19 is Neutral, neither overbought nor oversold. The STOCH value of 59.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INOXINDIA.

INOX India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INOXINDIA	71 Outperform	₹107.21B	42.38	―	0.18%	19.78%	26.20%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MBLINFRA	54 Neutral	₹3.21B	-12.79	―	―	12.96%	-132.20%
BRNL	47 Neutral	₹1.62B	2.58	―	―	-57.13%	―
SADBHAV	46 Neutral	₹1.34B	-0.64	―	―	―	―
IL&FSENGG	40 Underperform	₹3.15B	-219.98	―	―	-6.13%	98.35%
SICALLOG	39 Underperform	₹13.38B	3.00	―	―	76.34%	94.50%