Geopolitical
MEDIUMTrigger: Geopolitical trade tension creates order delay risk even if tariff exemptions apply to specialized capital equipment
Monitor: geopolitical
Inox India Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +43.6%Average12w Streak
In , Inox India Ltd (Industrial Gas) is outperforming Nifty 500 with +43.6% relative strength. Fundamentals: Average. On a 12-week streak.
Inox India Ltd Key Facts
- PE Ratio
- 65.3x
- Market Cap
- ₹16,999 Cr
- PAT Growth YoY
- +14%
- Revenue Growth YoY
- +25%
- OPM
- 21.0%
- RS vs Nifty 500
- +43.6%
Strong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
📊Debt increased 22% YoY — leverage rising
🌐FII stake increased 1.3% this quarter
💰Trading 51% above estimated fair value — significant premium
Key Risks
1. Geopolitical
MEDIUM2. Regulatory
LOW3. Commodity
LOWKey Numbers
PAT Growth YoY
+14%
Stable
Revenue YoY
+25%
Stable
Operating Margin
21.0%
-100 bps YoY
PE Ratio
65.3
Current Price
₹1,873
Dividend Yield
0.11%
Fundamental Score
49/100
Average
3Y PAT CAGR
+19%
Market Cap
17.0K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for Inox India Ltd?
Earnings deceleration risks from management commentary
Regulatory
LOWTrigger: EU food and beverage equipment standards are stringent; large contract wins require additional certification cycles
Monitor: regulatory
Commodity
LOWTrigger: Specialized steel alloys and cryogenic insulation materials track commodity cycles; margin compression risk if input costs rise faster than contract pricing allows
Monitor: commodity
What Is Inox India Ltd's Management Saying?
Key quotes from recent conference calls
“US 26 percent reciprocal tariff announced April 2, 2026 has created FII outflow pressure across Indian equities, but domestic policy support provides a buffer for INOX India's core business segments [Risk (geopolitical): MEDIUM]”
“actively bidding for potential ~0.5 mn kegs with Heineken, AB InBev, and Paulaner; full-year sales target of 100k kegs remains on track [Risk (regulatory): LOW]”
“Raw Material and Input Cost Volatility is a key monitorable for INOX India investors [Risk (commodity): LOW]”
How Fast Is Inox India Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +25% | +18% | Stable |
| PAT (Net Profit) | +14% | +19% | Stable |
| OPM | 21.0% | -100 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
Frequently Asked Questions: Inox India Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Inox India Ltd's latest quarterly results?
Inox India Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +13.6% (stable)
- Revenue Growth YoY: +24.9%
- Operating Margin: 21.0% (stable)
Is Inox India Ltd's profit growing or declining?
Inox India Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +13.6% (latest quarter)
- PAT Growth QoQ: +23.0% (sequential)
- 3-Year PAT CAGR: +18.5%
- Trend: Stable — consistent growth pattern
What is Inox India Ltd's revenue growth trend?
Inox India Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +24.9%
- Revenue Growth QoQ: +7.5% (sequential)
- 3-Year Revenue CAGR: +18.0%
How is Inox India Ltd's operating margin trending?
Inox India Ltd's operating margin is stable.
- Current OPM: 21.0%
- OPM Change YoY: -1.0% basis points
- OPM Change QoQ: -1.0% basis points
What is Inox India Ltd's 3-year profit and revenue CAGR?
Inox India Ltd's long-term compounding rates
- 3-Year Profit CAGR: +18.5%
- 3-Year Revenue CAGR: +18.0%
Is Inox India Ltd's growth accelerating or decelerating?
Inox India Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: +8.4% bps
- Sequential Acceleration: +23.0% bps
What is Inox India Ltd's trailing twelve month (TTM) performance?
Inox India Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹258 Cr
- TTM PAT Growth: +14.2% YoY
- TTM Revenue: ₹2,000 Cr
- TTM Revenue Growth: +21.6% YoY
- TTM Operating Margin: 21.7%
Is Inox India Ltd overvalued or undervalued?
Inox India Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 65.3x
- Price-to-Book: 15.2x
What is Inox India Ltd's current PE ratio?
Inox India Ltd's current PE ratio is 65.3x.
- Current PE: 65.3x
- Market Cap: 17.0K Cr
- Dividend Yield: 0.11%
How does Inox India Ltd's valuation compare to its history?
Inox India Ltd's current PE is 65.3x.
- Current PE: 65.3x
- Valuation Assessment: Significantly Overvalued
What is Inox India Ltd's price-to-book ratio?
Inox India Ltd's price-to-book ratio is 15.2x.
- Price-to-Book (P/B): 15.2x
- Book Value per Share: ₹123
- Current Price: ₹1873
Is Inox India Ltd a fundamentally strong company?
Inox India Ltd is rated Average with a fundamental score of 49.25/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +24.9% (10% weight)
- PAT Growth YoY: +13.6% (10% weight)
- PAT Growth QoQ: +23.0% (10% weight)
- Margins stable (10% weight)
Is Inox India Ltd debt free?
Inox India Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹81 Cr
What is Inox India Ltd's return on equity (ROE) and ROCE?
Inox India Ltd's return ratios over recent years
- FY2024: ROCE 43.0%
- FY2025: ROCE 38.0%
- FY2026: ROCE 33.0%
Is Inox India Ltd's cash flow positive?
Inox India Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹117 Cr
- Free Cash Flow (FCF): ₹7 Cr
- CFO/PAT Ratio: 45% (weak cash conversion)
What is Inox India Ltd's dividend yield?
Inox India Ltd's current dividend yield is 0.11%.
- Dividend Yield: 0.11%
- Current Price: ₹1873
Who holds Inox India Ltd shares — promoters, FII, DII?
Inox India Ltd's shareholding pattern (Mar 2026)
- Promoters: 75.0%
- FII (Foreign): 7.1%
- DII (Domestic): 7.7%
- Public: 10.1%
Is promoter holding increasing or decreasing in Inox India Ltd?
Inox India Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 75.0% (Mar 2026)
- Previous Quarter: 75.0% (Dec 2025)
- Change: 0.00% (stable)
How long has Inox India Ltd been outperforming Nifty 500?
Inox India Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Inox India Ltd a new momentum entry or an established outperformer?
Inox India Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Inox India Ltd?
Inox India Ltd has 3 key risks worth monitoring
- [MEDIUM] Geopolitical — Geopolitical trade tension creates order delay risk even if tariff exemptions apply to specialized capital equipment
- [LOW] Regulatory — EU food and beverage equipment standards are stringent; large contract wins require additional certification cycles
- [LOW] Commodity — Specialized steel alloys and cryogenic insulation materials track commodity cycles; margin compression risk if input costs rise faster than contract pricing allows
What did Inox India Ltd's management say in the latest earnings call?
In Q3 FY26, Inox India Ltd's management highlighted
- "US 26 percent reciprocal tariff announced April 2, 2026 has created FII outflow pressure across Indian equities, but domestic policy support provides ..."
- "actively bidding for potential ~0.5 mn kegs with Heineken, AB InBev, and Paulaner; full-year sales target of 100k kegs remains on track [Risk (regula..."
- "Raw Material and Input Cost Volatility is a key monitorable for INOX India investors [Risk (commodity): LOW]"
Is Inox India Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Inox India Ltd may be worth studying
- Earnings growing at +13.6% YoY
- Cash flow is positive — CFO ₹117 Cr
What is the investment thesis for Inox India Ltd?
Inox India Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +24.9% YoY
Risk Factors (Bear Case)
- Appears significantly overvalued
- Key risk: Geopolitical
What is the future outlook for Inox India Ltd?
Inox India Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: stable
- Margin Trend: stable
- Valuation: Significantly Overvalued
- Key Risk: Geopolitical
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.