Inox India Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Industrial Products | Market Cap: ₹17.5K Cr
The company is confident of achieving 18% to 20% growth in revenue for FY27 despite first-half macro disruptions. INOX India is confident of achieving revenue growth of 18% to 20% in FY27 despite Q1 disruptions due to logistics issues.
From Inox India Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹1,909
Market Cap
₹17.5K Cr
P/E Ratio
68.1
Revenue Rank
Margin Rank
How does Inox India Ltd rank in Industrial Products?
Compare Inox India Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Inox India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹461 Cr, net profit ₹75 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →The company is confident of achieving 18% to 20% growth in revenue for FY27 despite first-half macro disruptions.
- →Growth is expected to accelerate in the second half, especially with large aerospace orders beginning execution in Q3/Q4 and continuing into next year.
- →Industrial gas sector expected to grow at 15% to 18%, driven by domestic steel, semiconductor, chemical, petroleum, and healthcare industries.
- →Keg business utilization expected to ramp from 30% to 50-60% by year-end, backed by approvals from major global breweries.
- →Semiconductor orders are growing with skill development programs underway, although exact order value is uncertain.
- →LNG segment has potential growth supported by lower LNG prices, fueling stations, and marine sector developments.
- →New growth platforms in aerospace (including onboard flight products), semiconductor infrastructure, and water solutions are expected to contribute to long-term growth.
- →Order backlog stands strong at INR1,686 crores, providing robust revenue visibility ahead.
📈 Profitability & Margins
Rank 3- →INOX India is confident of achieving revenue growth of 18% to 20% in FY27 despite Q1 disruptions due to logistics issues.
- →Growth acceleration expected in the second half of FY27 as large aerospace orders begin execution.
- →Order book at a record INR1,686 crores provides strong revenue visibility.
- →EBITDA margins are maintained within guidance (21%-24%), with 23.5% reported in Q1 FY27.
- →Expansion into aerospace onboard products (certified with AS9100D) opens significant new TAM.
- →Growing presence in semiconductor infrastructure with skill development initiatives supports future revenue ramp-up.
- →Kegs business expected to increase utilization from 30% towards 50-60% by year-end, aiding revenue scale-up.
- →LNG and Cryo-Scientific segments have long-term order pipelines preparing for future growth.
- →Overall, management remains optimistic about sustainable, multifold growth in earnings and EPS over the next 2-3 years.
🏗️ Capital Expenditure Plans
Yes- →The Kandla manufacturing plant is under full-speed construction; civil work and major machinery orders are in place, with operations expected to start by December 2026 or January 2027.
- →The Savli facility is operational with both Cryo and keg shops in full production, though not yet at full utilization.
- →Capacity expansions include investments in aerospace, LNG, industrial gases, semiconductors, and scientific research sectors.
- →Investment in a semiconductor skill development center in partnership with ITM SLS Baroda University to build a skilled talent pipeline.
- →Partnership with Wayout of Sweden to manufacture modular water microfactories in India, leveraging engineering capabilities beyond traditional cryogenic applications.
- →Focused capex on engineering, technology, and manufacturing capabilities to support sustained growth and diversification.
- →Current fund availability is INR331 crores, supporting capacity expansion and strategic growth initiatives.
💰 Fundraising & Capital Structure
No information- →The document does not mention any current or planned fundraising through debt or equity.
- →Liquidity status as of June 30, 2026, shows total fund availability of INR 331 crores, indicating comfortable financial flexibility.
- →The company is focusing on capacity expansion initiatives, including the Kandla facility and strategic growth opportunities, funded through existing resources.
- →No specific discussions or plans for new debt or equity raising were disclosed during the call.
📋 Order Book & Pipeline
Yes- →As of June 30, 2026, INOX India Limited's order book stood at INR 1,686 crores, the highest in the company's history.
- →Over INR 1,140 crores of this order book comprises export orders, indicating strong international presence.
- →The company secured approximately INR 532 crores in quarterly order inflow recently, including orders from aerospace, LNG, industrial gases, semiconductor, and Cryo-Scientific divisions.
- →Out of the total order book, about INR 400 crores are from the aerospace segment, with the balance from industrial gas, LNG, and Cryo-Scientific divisions.
- →Orders include significant aerospace contracts (e.g., for cryogenic tanks), LNG fueling stations, and scientific research projects (e.g., CERN, ITER).
- →The backlog provides strong revenue visibility for upcoming quarters, with some orders expected to execute partially in FY27 and continuing into FY28 and FY29.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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What Inox India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Inox India Ltd Q1 FY27 results?
The company is confident of achieving 18% to 20% growth in revenue for FY27 despite first-half macro disruptions. INOX India is confident of achieving revenue growth of 18% to 20% in FY27 despite Q1 disruptions due to logistics issues.
What is Inox India Ltd share price analysis?
Inox India Ltd currently shows a below-average growth signal. The stock trades at a P/E of 68.1 with a market cap of ₹17,519 Cr. Investors should review the full earnings analysis for detailed insights.
Is Inox India Ltd planning capital expenditure?
The Kandla manufacturing plant is under full-speed construction; civil work and major machinery orders are in place, with operations expected to start by December 2026 or January 2027.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.