Added to YB: 2026-05-06
Pitch date: 2026-04-26
INOXINDIA.NS [neutral]
INOX India Limited
Author Info
Abhay is identifying high conviction ideas & providing insights on thematic investing. Sign up for the newsletter.
Company Info
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.
Market Cap
INR 132.2B
Pitch Price
N/A
Price Target
N/A
Dividend
0.14%
EV/EBITDA
39.68
P/E
53.43
EV/Sales
8.70
Sector
Machinery
Category
growth
Inox India: Play on Semiconductor and Datacenter Boom
INOXINDIA.NS (deep dive): Cryogenic equipment manufacturer for industrial gases, LNG, scientific projects (ITER, ISRO). 75% promoter-held. FY26 order book ₹1,400-1,600cr. Growth drivers: 10x LNG fuel tank capacity expansion post-IATF certification, semiconductor/high-purity gas demand, ISRO tender (₹4,000cr), island LNG terminals, LAES. Risks: US tariff exposure on disposable cylinders, slow LNG station rollout vs 1,000-station target, Chinese competition on standard products, lumpy CSD orders, customer concentration in Air Liquide/Linde/Air Products.
Read full article (16 min)