INOX India share price
NSE: INOXINDIABSE: 544046Industrial ProductsSmall Cap
INOX India Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Dec 2023 · Issue price ₹660
Last close ₹1,910.00down ₹4.40 (0.23%)BSE ₹1,909.20
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,914.40.
28 Oct: open ₹1,914.40, high ₹1,944.20, low ₹1,891.10
52-week range of traded prices to 28 Oct 2026
₹1,068.20Low, 27 Jan 2026₹2,339.50High, 10 Sep 2026
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹17,366 Cr499th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 68.14
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 15.54
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.10%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 25.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 25.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.06
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 75,55846.1% delivered
About INOX India
INOX India Limited designs and manufactures vacuum-insulated cryogenic equipment. This equipment stores, distributes and transfers gases such as helium, hydrogen, nitrogen, oxygen and liquefied natural gas (LNG) at very low temperatures. The company covers design, engineering, manufacturing, delivery and turnkey projects, and serves customers in industrial gases, LNG, beverage kegs and scientific research applications. It was incorporated in 1976.
The business is organised into three main divisions: an Industrial Gas division, an LNG division and a Cryo Scientific division. The LNG division offers storage tanks, semi-trailers, fuel tanks, satellite stations and regasification systems. The Cryo Scientific division supplies equipment for research projects such as ITER in France. Other businesses include stainless steel kegs, disposable cylinders, small industrial containers and transformer tanks.
It has four large-scale manufacturing facilities in India, a service and distribution base in Brazil and a stock-and-sale facility in the Netherlands. Its registered office is in Vadodara, Gujarat. Its geographic footprint covers more than 100 countries.
The company was founded by Pavan Kumar Jain, who is its chairman and a promoter. A promoter is the person or group that set up a company or controls it. In its early years it entered a technical collaboration with Nippon Sanso to manufacture cryogenic vessels and vacuum-insulated tanks. The company is listed on Indian stock exchanges and describes itself as an INOX Group company.
Written from the annual report for the year to Mar 2026, filed 1 Jun 2026 and the investor presentation.
Sources for 23 statements, each with its page
- It makes vacuum-insulated cryogenic equipment. Annual report, page 4
- Equipment is for storage, distribution and transfer of cryogens. Annual report, page 4
- Gases supported include helium, hydrogen, nitrogen, oxygen and LNG. Annual report, page 4
- Sectors served: Industrial Gases, LNG, Kegs, Cryo-Scientific. Annual report, page 4
- Incorporated in 1976 (CIN year). Annual report, page 30
- Industrial Gas division exists. Annual report, page 11
- LNG division exists. Annual report, page 13
- LNG division products: storage tanks, semi-trailers, fuel tanks, satellite stations, regasification. Annual report, page 13
- Cryo Scientific division exists. Annual report, page 15
- Orders from ITER, France. Annual report, page 15
- Other businesses include stainless steel kegs and small industrial containers. Annual report, page 16
- Disposable cylinders business. Annual report, page 16
- Manufactures transformer tanks. Annual report, page 16
- Four large-scale manufacturing facilities in India. Annual report, page 4
- Service and distribution base in Brazil. Annual report, page 4
- Stock-and-sale facility in the Netherlands. Annual report, page 4
- Footprint in more than 100 countries. Annual report, page 4
- Registered office in Vadodara, Gujarat. Annual report, page 30
- Founded by Pavan Kumar Jain. Annual report, page 9
- Pavan Kumar Jain is chairman and a promoter. Annual report, page 71
- Technical collaboration with Nippon Sanso to manufacture cryogenic vessels and tanks. Annual report, page 9
- Listed on Indian stock exchanges. Annual report, page 9
- INOX Group company. Investor presentation, page 45
Results
Consolidated; ₹ crore.INOX India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +19.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.8%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹371 Crdown 19.51%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹58 Crdown 22.81%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 15.7%
Revenue by quarter
Peak revenue ₹461 Cr, quarter to Mar 2026; lowest ₹307 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 307 | 334 | 369 | 340 | 358 | 429 | 461 | 371 |
| Net profit | 49 | 58 | 66 | 61 | 61 | 61 | 75 | 58 |
| Net margin | 16.1% | 17.5% | 17.7% | 18.0% | 17.0% | 14.2% | 16.3% | 15.7% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,587 Crup 21.52%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹258 Crup 14.10%
- Net margin
- 16.2%
Revenue by year
Peak revenue ₹1,587 Cr, year to Mar 2026; lowest ₹1,131 Cr, year to Mar 2024
Net profit by year, a loss in red
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 1,131 | 1,306 | 1,587 |
| Net profit | 196 | 226 | 258 |
| Net margin | 17.3% | 17.3% | 16.2% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, MANUFACTURER OF CYROGENIC TANKS, which carries all its revenue.
Valuation
Today, against the company's own history.INOX India PE ratio and valuation
Price to earnings
At or below today's level on 72% of 247 trading days over the last year.
LowestHighest
Its median51.67Industry median22.14
Price to book
At or below today's level on 69% of 609 trading days since May 2024.
LowestHighest
Its median12.79Industry median2.59
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 61% of 703 trading days since Dec 2023.
LowestHighest
Its median0.00%Industry median0.42%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +17.6% | +14.1% | +2.9% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
71 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 2 of the 15 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 71 funds holding INOX India
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 28
- AddedAdded. Funds that held more shares than at the end of the month before.
- 7
- CutCut. Funds that held fewer shares than at the end of the month before.
- 8
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 23
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 2
| Fund | |||
|---|---|---|---|
 Abakkus Flexi Cap FundAbakkus Mutual Fund | 9,50,000 | 2.49% | ₹195.0 Cr |
 DSP India T.I.G.E.R. FundDSP Mutual Fund | 5,25,833 | 1.72% | ₹107.9 Cr |
 Canara Robeco Small Cap FundCanara Robeco Mutual Fund | 4,77,593 | 0.70% | ₹98.0 Cr |
 ICICI Prudential Infrastructure FundICICI Prudential Mutual Fund | 4,24,914 | 1.06% | ₹87.2 Cr |
| ICICI Prudential Energy Opportunities FundICICI Prudential Mutual Fund | 4,16,572 | 1.06% | ₹85.5 Cr |
 UTI Small Cap FundUTI Mutual Fund | 3,16,882 | 1.24% | ₹65.0 Cr |
 TRUSTMF Small Cap FundTrust Mutual Fund | 2,92,546 | 1.55% | ₹60.0 Cr |
| Abakkus Small Cap FundAbakkus Mutual Fund | 2,60,000 | 1.64% | ₹53.4 Cr |
 Tata Infrastructure FundTata Mutual Fund | 2,07,156 | 2.15% | ₹42.5 Cr |
 Aditya Birla Sun Life Large & Mid Cap FundAditya Birla Sun Life Mutual Fund | 1,97,678 | 0.72% | ₹40.6 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.INOX India insider trading
Bought on the marketBought on the market. The value each filer stated for its purchases on the exchange, added up; gifts, transfers and pledges are not counted. A purchase filed with no value is counted under the sum, not in it. Sold on the marketSold on the market. The value each filer stated for its sales on the exchange, added up; gifts, transfers and pledges are not counted. A sale filed with no value is counted under the sum, not in it.
- Promoters and promoter group0 purchases, 10 salesNo purchase₹20 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹20 Cr2 off-market moves
- Directors and key managers0 purchases, 1 saleNo purchase₹14 CrNet−₹14 Cr
- Others: no market trade · 8 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
INOX India competitors and peers
Other Industrial Products, 58 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to INOX India in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 HBL EngineeringHBLENGINE | 22,451 | 28.76 | 10.14 | +63.0% | +129.6% | 42.2% | 45.0% | 0.37% |
 Esab IndiaESABINDIA | 8,120 | 36.59 | 18.91 | +13.0% | +29.1% | 56.1% | 63.5% | 1.42% |
 KRN Heat Exchanger and RefrigerationKRN | 7,717 | 79.60 | – | +64.0% | +81.8% | 18.1% | 15.9% | 0.00% |
 Harsha Engineers InternationalHARSHA | 3,888 | 25.14 | 2.77 | +20.2% | +69.6% | 11.6% | 11.4% | 0.35% |
 SubrosSUBROS | 3,886 | 23.36 | 3.12 | +13.8% | +6.4% | 14.2% | 15.7% | 0.50% |
 WPILWPIL | 3,860 | 22.76 | 2.43 | +8.4% | +46.6% | 11.5% | 12.4% | 0.51% |
| Aimtron ElectronicsAIMTRON | 3,478 | 75.65 | 14.83 | +89.2% | +79.4% | 23.6% | – | 0.00% |
 Ador WeldingADOR | 2,376 | 20.58 | 4.17 | +12.9% | +111.7% | 21.7% | 22.8% | 1.68% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.INOX India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹2.00 a share, years to Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 9 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.00 |
| 4 Jun 2025 | Final | ₹2.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.INOX India announcements
Oct 2026
28 Oct · Board meeting
Sep 2026
28 Sep · Analysts
21 Sep · Analysts
21 Sep · Analysts
16 Sep · General Updates
16 Sep · Analysts
INOX India share price by year
Each calendar year to 2025.INOX India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,134.10 | +2.5% | 1,266.90 | 889.60 |
| 2024 | 1,106.85 | +25.4% | 1,459.10 | 810.40 |
| 2023 | 882.60 | – | 939.95 | 882.60 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 21 Dec 2023.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 1,876.00 | 1,950.90 | 1,876.00 | 1,914.40 | 1,927.69 | 58,678 | 37.0% |
| 26 Oct 2026 | 1,838.30 | 1,908.90 | 1,815.50 | 1,900.70 | 1,859.98 | 1,35,910 | 44.6% |
| 23 Oct 2026 | 1,891.90 | 1,919.60 | 1,814.40 | 1,863.80 | 1,855.77 | 1,79,162 | 46.5% |
| 22 Oct 2026 | 1,892.00 | 1,934.70 | 1,871.00 | 1,919.70 | 1,909.46 | 2,06,179 | 51.2% |
| 21 Oct 2026 | 2,001.80 | 2,015.90 | 1,899.70 | 1,930.10 | 1,937.36 | 1,98,426 | 51.9% |
| 19 Oct 2026 | 2,009.60 | 2,056.30 | 1,980.30 | 1,999.40 | 2,009.97 | 1,22,029 | 31.9% |
| 16 Oct 2026 | 2,025.00 | 2,042.70 | 1,978.00 | 1,987.70 | 1,997.41 | 1,31,605 | 52.4% |
| 15 Oct 2026 | 2,066.50 | 2,075.00 | 2,010.00 | 2,025.00 | 2,028.62 | 1,18,963 | 46.2% |
| 14 Oct 2026 | 2,083.90 | 2,098.70 | 2,036.10 | 2,066.50 | 2,061.24 | 67,714 | 39.4% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- INOXINDIA
- BSE code
- 544046
- ISIN
- INE616N01034
- Industry
- Industrial Products
- Website
- www.inoxcva.com
- CIN
- L99999GJ1976PLC018945
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1976
- Registered office
- K P Platina, 9th Floor, Racecourse, Vadodara 390007, Gujarat
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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