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Earnings Call

Inox India Earnings Call: Key Takeaways

INOX India reported record Q4 revenue driven by aerospace and LNG terminal projects, yet faces persistent cash flow conversion issues as project cycles lengthen.

Why this was an Alfa AlertNot a filter event. Financial results and EBITDA margins were in line with prior management guidance.
Highlights
Revenue growthFY26 revenue up 21.2% YoY, driven by aerospace and LNG execution.
MarginsStable EBITDA margins at 23.8%, consistent with guided 21-24% range.
Order bookRecord backlog of ₹1,514cr providing clear revenue visibility for FY27.
Demand visibilityHigh visibility in LNG terminals, marine tanks, and high-value aerospace orders.
Management confidenceBalanced, though slightly defensive regarding working capital and cash flow conversion.

Growth

FY26 revenue grew 21.2% YoY to ₹1,632cr; EBITDA margins remained stable at 23.8%, meeting guided upper targets.

Outlook

Management targets 18-20% revenue growth for FY27 with a strong ₹1,514cr order backlog.

Risks

Ballooning contract assets and project-based payment milestones are severely decoupling revenue growth from operating cash flow.

Source

Earnings Call filed with BSE, NSE: INOXINDIA. Summary written with AI assistance from the document.

Read the document ↗

Inox India Ltd: key numbers

Share price
₹2,156.80
Market cap
₹19,610 Cr
Revenue (annual)
₹1,587 Cr
Net profit (annual)
₹257.9 Cr
P/E (TTM)
77.0×Sector 53.6×
Promoter holding
74.86%-0.14% QoQ
FII holding
6.86%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
₹0.03 Cr