Hi, today in this article we are going to discuss INOX India Ltd. Share Price Target 2024, 2025, 2026, 2027,2028, 2029, and 2030 based on its historical data and fundamental analysis.
INOX India Ltd. is a leading Indian manufacturer of cryogenic equipment and a major player in the global cryogenic industry. The company was incorporated in 1976 formally known as Baroda Oxygen Limited.
INOX India Ltd. Has over 30 years of experience in the design, manufacturing, and installation of cryogenic equipment across the world. The company has been the world, ‘s leading provider of customized cryogenic equipment in recent years.
Order Book:
The company has a robust order backlog of Rs. 1043 Cr. As of the financial year 2024, 50% of orders are from Industrial gas, 23% of orders are from LNG, and the remaining orders are from the cryo scientific division. In older order books the company has 47% orders.
Products of INOX India Ltd.
Standard cryogenic tanks and equipment: This includes storage and bulk tanks, transport tanks, micro-bulk systems, vaporizers, cryoseal liquid nitrogen containers, and more.
Bespoke technology, equipment, and solutions: INOX India designs and manufactures custom-made cryogenic equipment to meet specific customer needs.
Large turnkey projects: The company provides complete solutions for cryogenic applications, including design, engineering, manufacturing, installation, and commissioning.
Beverage kegs: INOX India is a leading manufacturer of stainless steel kegs for the beverage industry.
Management of INOX India Ltd.
Mr. Pavan Jain is a Chairman of the INOX Group and INOX India, with over 45 years of experience in the industrial sector.
Mr. Siddharth Jain is the Managing Director of INOX India, with over 24 years of experience in the industrial sector.
Fundamental of INOX India Ltd.
| Sector | Engineering-Industrial Equipment |
| Market Cap | 11,587 |
| PE | 76.5 |
| PB | 5.55 |
| Dividend Yield | 1.72% |
| Book Value | 229.75 |
| Cash | 54.78 Cr. |
| Debt | 0 Cr. |
| EPS | 17.21 |
| ROE | 28.8% |
| ROCE | 37.2% |
| Sales Growth | 22.27% |
| Profit Growth | 21.75% |
Fundamental Analysis of INOX India Ltd.
Due to high cash flow over the years, the company reduced debt and became debt free, the net cash surplus of the company having cash and cash equivalent available as of 31 Dec. 2023 of nearly Rs. 235 Cr.
The revenue growth of the company is consistent, with a 57% increase from 2021 to 2023.
In the same period, the profit of the company after tax rose by 59%.
The company has a healthy ROE of 27% over the past 3 years.
The company has strong cash flow management, with a CFO/PAT of 1.66.
The company has a high PE ratio of 76.5 which is higher than its intrinsic value.
Recent Development in INOX India Ltd.
Recently Adani Total Gas and INOXCVA have entered into a mutual agreement under which the companies agree on preferred partner status for delivery of LNG and LCNG equipment and services for exploring opportunities in the LNG ecosystem in India.
Share Holding Pattern of INOX India Ltd.
| Category | Number of Shareholders |
| Promoter Group | 50.00% |
| Foreign Institutional Investors (FII) | 1.97% |
| Domestic Institutional Investors (DII) | 4.18% |
| Mutual Funds | 3.94% |
| Retail Individual Investors | 39.91% |
Promoters holding in the company have the majority of shares at 50%, indicating significant control by the founding family.
Institutional Investors: Foreign and Domestic Institutional Investors, along with Mutual Funds, collectively hold less than 10% of the shares, indicating that moderate institutional participation.
Retail investors hold a significant portion at nearly 40%, indicating a diverse ownership structure.
INOX India Ltd. Share Price Targets
| Year | Minimum | Maximum |
| 2024 | 1125 | 1336 |
| 2025 | 1294 | 1492 |
| 2026 | 1468 | 1643 |
| 2027 | 1609 | 1851 |
| 2028 | 1811 | 2168 |
| 2029 | 2136 | 2338 |
| 2030 | 2317 | 2682 |
INOX India Ltd. Share Price Target 2024
The company has recorded an order book of 1043 Cr. This your, this boost the company’s performance so we are expecting INOX India Ltd. Share Price Target 2024 will be a minimum of 1125 and a maximum of 1336.
INOX India Ltd. Share Price Target 2025
The govt of India sets a target of 100% coverage of Indian households with piped natural gas by 2040, this will boost the company’s performance so we are projecting INOX India Ltd. Share Price Target 2025 will be a minimum of 1294 and a maximum of 1492.
INOX India Ltd. Share Price Target 2026
The growing population and increasing demand for the LPG will push the company growth in the future so we are projecting INOX India Ltd. Share Price Target 2026 will be a minimum of 1468 and a maximum of 1643.
INOX India Ltd. Share Price Target 2027
Rising demand for industrial gases, LNG, and green hydrogen is expected to drive company growth so we are projecting INOX India Ltd. Share Price Target 2027 will be a minimum of 1609 and a maximum of 1851.
INOX India Ltd. Share Price Target 2028
The company also focuses on medical and health applications which creates additional opportunities for the company so we are projecting INOX India Ltd. Share Price Target 2028 will be a minimum of 1811 and a maximum of 2682.
INOX India Ltd. Share Price Target 2029
The demand for cryogenic gases from the metallurgy sector, oil & gas, chemical industry, healthcare, space, and satellite will create opportunities for the company in future so we are projecting INOX India Ltd. Share Price Target 2029 will be a minimum of 1236 and a maximum of 2338.
INOX India Ltd. Share Price Target 2030
We are expecting strong demand for LPG from Asian countries like India, South Korea, and other Asian countries will create opportunities for the company’s growth so we are projecting INOX India Ltd. Share Price Target 2030 will be a minimum of 2317 and a maximum of 2338.
Read more: Jio Financial Services (JIO FSL) Share Price Target 2024, 2025, till 2030
Conclusion:
INOX India Ltd. Has a strong financial performance track record with strong management. The Govt. Of India is also supporting this sector. After launching its IPO the company has given the best return to its IPO investors till now. And we are expecting this will continue in future. So before investment consider market conditions and sector trends to make the right decision.
