Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Inox India Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 235 | 308 | 258 | 291 | 277 | 296 | 307 | 334 | 369 | 340 | 358 | 429 | 461 |
| Expenses + | 195 | 237 | 199 | 224 | 223 | 226 | 243 | 265 | 288 | 263 | 280 | 335 | 366 |
| Operating Profit | 40 | 72 | 59 | 67 | 53 | 70 | 64 | 69 | 81 | 76 | 78 | 94 | 95 |
| OPM % | 17% | 23% | 23% | 23% | 19% | 24% | 21% | 21% | 22% | 22% | 22% | 22% | 21% |
| Other Income + | 6 | 8 | 7 | 5 | 11 | 5 | 13 | 16 | 14 | 13 | 13 | -1 | 18 |
| Interest | 2 | 1 | 1 | 2 | 2 | 2 | 3 | 2 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 3 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | 7 | 8 | 8 | 9 | 9 |
| Profit before tax | 41 | 76 | 60 | 64 | 58 | 68 | 69 | 76 | 86 | 81 | 81 | 80 | 100 |
| Tax % | 25% | 25% | 23% | 24% | 24% | 23% | 28% | 23% | 24% | 24% | 25% | 24% | 25% |
| Net Profit + | 31 | 57 | 46 | 49 | 44 | 53 | 49 | 58 | 66 | 61 | 61 | 61 | 75 |
| EPS in Rs | 3.37 | 6.29 | 5.10 | 5.35 | 4.86 | 5.80 | 5.45 | 6.43 | 7.22 | 6.73 | 6.70 | 6.69 | 8.29 |
Financials of Inox India Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 650 | 649 | 594 | 783 | 966 | 1,133 | 1,306 | 1,587 |
| Expenses + | 506 | 516 | 459 | 615 | 761 | 882 | 1,021 | 1,254 |
| Operating Profit | 144 | 133 | 135 | 168 | 205 | 252 | 285 | 333 |
| OPM % | 22% | 20% | 23% | 21% | 21% | 22% | 22% | 21% |
| Other Income + | 28 | 48 | 15 | 21 | 19 | 30 | 48 | 52 |
| Interest | 27 | 26 | 7 | 2 | 4 | 6 | 9 | 9 |
| Depreciation | 9 | 12 | 12 | 12 | 14 | 18 | 25 | 34 |
| Profit before tax | 135 | 144 | 131 | 174 | 207 | 258 | 299 | 342 |
| Tax % | -44% | 32% | 27% | 25% | 25% | 24% | 24% | 25% |
| Net Profit + | 193 | 97 | 96 | 130 | 155 | 196 | 226 | 258 |
| EPS in Rs | 213.05 | 107.23 | 105.89 | 14.38 | 17.05 | 21.59 | 24.90 | 28.41 |
| Dividend Payout % | 0% | 0% | 0% | 10% | 67% | 51% | 8% | 7% |
Financials of Inox India Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 201 | 270 | 362 | 484 | 531 | 631 | 856 | 1,099 |
| Borrowings + | 284 | 145 | 68 | 55 | 9 | 16 | 43 | 81 |
| Other Liabilities + | 231 | 205 | 248 | 340 | 589 | 558 | 737 | 817 |
| Total Liabilities | 725 | 629 | 687 | 897 | 1,148 | 1,223 | 1,654 | 2,016 |
| Fixed Assets + | 94 | 110 | 102 | 134 | 164 | 255 | 359 | 428 |
| CWIP | 0 | 0 | 2 | 2 | 0 | 5 | 4 | 4 |
| Investments | 81 | 80 | 25 | 312 | 249 | 247 | 267 | 297 |
| Other Assets + | 549 | 439 | 558 | 449 | 734 | 716 | 1,023 | 1,286 |
| Total Assets | 725 | 629 | 687 | 897 | 1,148 | 1,223 | 1,654 | 2,016 |
Financials of Inox India Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 85 | 188 | 231 | 97 | 177 | 122 | 122 | 117 |
| Cash from Investing Activity + | 136 | -28 | -152 | -72 | -13 | -26 | -141 | -110 |
| Cash from Financing Activity + | -186 | -168 | -96 | -26 | -154 | -103 | 17 | 5 |
| Net Cash Flow | 36 | -8 | -17 | -1 | 10 | -6 | -1 | 12 |
| Free Cash Flow | 70 | 175 | 225 | 53 | 132 | 32 | -3 | 11 |
| CFO/OP | 63% | 147% | 192% | 72% | 112% | 74% | 65% | 59% |
Financials of Inox India Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83 | 83 | 69 | 36 | 54 | 56 | 70 | 72 |
| Inventory Days | 337 | 208 | 215 | 349 | 348 | 314 | 312 | 247 |
| Days Payable | 36 | 20 | 26 | 43 | 52 | 90 | 87 | 80 |
| Cash Conversion Cycle | 384 | 270 | 258 | 342 | 350 | 280 | 295 | 238 |
| Working Capital Days | -16 | 23 | -0 | 23 | 31 | 44 | 62 | 151 |
| ROCE % | 30% | 32% | 35% | 37% | 43% | 38% | 34% |