Inox India Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jul 2026 | Industrial Products | Market Cap: ₹17.6K Cr
FY '27 revenue growth guidance is around 18% to 20%, targeting approximately INR 1,600 - 1,632 crores. INOX India expects revenue growth of approximately 18% to 20% for FY '27, supported by strong order backlog (~INR1,514 crores) and expanding global customer base.
From Inox India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,930
Market Cap
₹17.6K Cr
P/E Ratio
68.4
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Inox India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹461 Cr, net profit ₹75 Cr.
Full financials →📊 Revenue & Sales Performance
- →FY '27 revenue growth guidance is around 18% to 20%, targeting approximately INR 1,600 - 1,632 crores.
- →Quarterly order inflows expected to remain strong at INR 450 to 500 crores per quarter.
- →LNG division expected to grow faster than overall company growth, driven by increasing storage and transportation demand.
- →Cryo-Scientific division is poised for substantial growth with strong global opportunities and new projects.
- →Beverage keg volumes increased from 46,000 to 61,000 units year-on-year, with capacity to scale up to 1 million kegs annually.
- →Industrial refrigerant cylinder exports are expected to see marginal growth, with potential market share gains.
- →Order book execution: About INR 1,200 crores of the current INR 1,514 crores order book expected to be executed in the next year.
- →Long-term sustainable growth driven by project-based orders, export expansions, and product mix improvements.
📈 Profitability & Margins
- →INOX India expects revenue growth of approximately 18% to 20% for FY '27, supported by strong order backlog (~INR1,514 crores) and expanding global customer base.
- →Adjusted EBITDA margin for FY '26 was 23.8%, with a focus on maintaining or improving margins going forward.
- →Adjusted PAT grew 19.3% in FY '26, indicating profitable growth momentum.
- →LNG segment expected to grow faster than overall company growth due to clean fuel demand and rising LNG prices.
- →Growth in non-standard, project-based orders is increasing (>60% project orders), potentially impacting operating cash flow short term but beneficial long-term.
- →Order execution guidance: ~INR1,200 crores expected to be executed from current order book in FY '27.
- →Earnings growth supported by expanding high-value engineering products, capacity augmentation, and innovation-led growth.
- →Operating cash flow growth is expected to remain moderate due to project payment terms and higher contract assets.
🏗️ Capital Expenditure Plans
- →INOX India Limited is undertaking ongoing capital expenditure to support capacity expansion, especially at the Kandla facility.
- →The company is investing in R&D activities, including developing cryogenic cooling technology for data center applications in collaboration with IIT Mumbai.
- →There is continuous investment in innovation-led growth and expanding the product portfolio, including aerospace orders and LNG-related projects.
- →Fund availability as of March 31, 2026, is INR 257 crores, providing ample financial headroom for ongoing project executions, the Kandla facility investment, and other strategic initiatives.
- →The company is closely tracking new business opportunities, particularly in LNG fueling stations and vehicles, anticipating growth and potential future investments.
- →The focus remains on operational excellence and capacity augmentation to sustain and accelerate growth trajectories.
💰 Fundraising & Capital Structure
- →As of the transcript dated May 13, 2026, INOX India Limited has a total fund availability of INR 257 crores.
- →This fund headroom supports ongoing investments, including the Kandla facility, project executions, and strategic initiatives.
- →There is no explicit mention in the transcript of any immediate or future plans for new fundraising through debt or equity.
- →The company seems to be managing its financials with existing resources and cash flows.
- →Any additional queries or updates related to fundraising could likely be addressed to their Investor Relations team as suggested by management.
📋 Order Book & Pipeline
- →As of March 31, 2026, the total order book/pending orders stand at INR 1,514 crores.
- →Approximately 63% of the order book is from exports and 37% from the domestic market.
- →Around INR 1,200 crores of this order book is expected to be executed in the coming year (FY 2027).
- →The backlog includes around INR 200 crores from aerospace companies, with expectations of similar orders in upcoming quarters.
- →Order inflow guidance for FY 2027 is projected at INR 450 crores to INR 500 crores per quarter.
- →There's a shift toward more project orders, which now form over 60% of the order book, indicating a higher investment and longer payment cycles.
Key Metrics
Frequently Asked Questions
What were Inox India Ltd Q4 FY26 results?
FY '27 revenue growth guidance is around 18% to 20%, targeting approximately INR 1,600 - 1,632 crores. INOX India expects revenue growth of approximately 18% to 20% for FY '27, supported by strong order backlog (~INR1,514 crores) and expanding global customer base.
What is Inox India Ltd share price analysis?
Inox India Ltd currently shows a neutral. The stock trades at a P/E of 68.4 with a market cap of ₹17,585 Cr. Investors should review the full earnings analysis for detailed insights.
Is Inox India Ltd planning capital expenditure?
INOX India Limited is undertaking ongoing capital expenditure to support capacity expansion, especially at the Kandla facility.
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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.