Inox India Limited is a prominent manufacturer of cryogenic equipment and a leading cryogenic tank manufacturer worldwide.
Inox India: History
The Company was originally incorporated in Gujarat, India, as a public company under the Companies Act, 1956, on December 21, 1976, as ‘Baroda Oxygen Limited’.
Its name was subsequently changed to ‘Inox India Limited’ upon re-conversion into a public limited company, and a fresh certificate of incorporation was issued by the RoC on July 14, 2022.
Inox India: Business
Incorporated in 1976, Inox India Limited offers solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions.
The Company’s offering includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions.
It also undertakes large turnkey projects which are used in industries such as industrial gases, Liquefied natural gas (LNG), green hydrogen, energy, steel, medical & healthcare, chemicals & fertilizers, aviation & aerospace, pharmaceuticals, and construction.
Business Divisions
- Industrial Gas: This division manufactures, supplies, and installs cryogenic tanks and systems for storage, transportation, and distribution of industrial gases like green hydrogen, nitrogen, oxygen, argon, carbon dioxide (CO2), and hydrogen, and provides after-sales services.
- LNG: This division manufactures, supplies, and installs standard and engineered equipment for LNG storage, distribution, and transportation, as well as small-scale LNG infrastructure solutions suitable for industrial, marine, and automotive applications.
- Cryo Scientific: This division provides equipment for technology-intensive applications and turnkey solutions for scientific and industrial research involving cryogenic distribution.
Manufacturing Facilities
The Company has three manufacturing facilities located at Kalol (Gujarat), the Kandla Special Economic Zone (Gujarat), and Silvassa (Dadra and Nagar Haveli).
International Presence
The company exports its products and services to 100+ countries, including Australia, Brazil, Korea, the United States, Saudi Arabia, the Netherlands, the United Arab Emirates, and Bangladesh.
Recent Updates
Inox India Ltd secures multiple orders worth ₹322 Cr on May 21, 2026.
Co’s CEO highlights the Semiconductor Division, poised to expand with new plants, projecting a ₹100 Cr contribution through Ultra High-Purity Gas containers.
The Company reported its highest-ever annual Revenue of ₹1,632 Cr in FY26, with a robust 21.2% Y-o-Y growth.
The management remains optimistic about opportunities across LNG infrastructure, aerospace, clean energy, scientific infrastructure, and advanced cryogenic applications.
With upcoming Kandla facility, expanding global footprint, and increasing share of high-value engineered products, the company is well positioned to deliver scalable growth and long-term value creation.
Listed On
The shares of Inox India Ltd are presently listed on the Bombay Stock Exchange (BSE), CODE 544046, and the National Stock Exchange (NSE) as INOXINDIA.
Stock Info
Share Holding Pattern
Financial
Conclusion
INOX India Limited is one of the largest manufacturers of Cryogenic Storage, Regas and Distribution Systems for LNG, Industrial Gases, Liquid Hydrogen, and Cryo-Scientific applications with operations in India, Brazil, and Europe.
As of March 2026, Promoters of the company hold a 75 percent stake in the company.
Along with this, some of the top institutions, such as Goldman Sachs, Fidelity Funds, ICICI Prudential, DSP India T.I.G.E.R. Fund, hold more than 1 percent stakes in the company (as of March 2026).
For FY2027, the company targets 20% revenue growth, with quarterly order booking expected to grow at ₹450 to ₹500 Cr.
On the technical front, Inox India’s share is trading above its 20-day SMA (1855) and 200-day SMA (1291) on the daily chart.
Considering the above-listed factors in mind, Inox India Limited looks good at ₹1800 – ₹1850.
FinBlab recommends investing in a stock, keeping a long-term (2 to 3 years) view in mind. (One can also accumulate on a decline).
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Disclaimer: This article is purely for informational purposes.
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