The shares of one of the world’s leading cryogenic technology solution providers jumped upto 5 percent upon bagging multiple orders worth Rs. 190 crores, with the current orderbook value for FY25 standing at Rs. 1,359 crores.
Price action
With a market capitalization of Rs. 9,332.30 crores on Thursday, the shares of INOX India Limited jumped upto 5.5 percent making a high of Rs. 1038.25 per share compared to its previous closing price of Rs. 983.25 per share.
What Happened
INOX India Ltd, specialzing in providing cryogenic technology solution has secured orders worth Rs. 190 Cr in January and February 2025, including a large order from a European university for transferlines and smaller orders for oxygen, nitrogen, CO2 containers, and cryogenic equipment.
These orders, to be supplied across Europe, the US, and India, highlight INOX India’s global presence. The company’s current order book for FY25 stands at Rs. 1,359 crores, positioning INOX India for continued growth in the cryogenic industry.
About the company
INOX India Limited (INOXCVA) is one of the largest manufacturers of Cryogenic Storage, Regas and Distribution Systems for LNG, Industrial Gases and Cryo-Scientific applications with operations in India, Brazil & Europe. The Company has an extensive user base, spread across more than 100 countries and is serviced by a network of after-sales support associates in 25 countries.
Financials
The company’s total revenue rose by 15.89 percent from Rs. 295.17 crore to Rs. 342.06 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 48.6 crore to Rs. 58.39 crore during the same period.
Market Leader
Inox India is a market leader in the LNG and LCNG fueling station sector, with a dominant market share of approximately 65 percent to 70 percent. The company’s strong presence and expertise in this area have established it as a key player, further solidifying its leadership position in the industry.
Additionally, Inox India commands a dominant position in the Indian cryogenic tank market, holding an estimated 60 percent of the total market share. This strong market presence makes the company the largest supplier of cryogenic tanks in the country.
Segmental Revenue
Inox India reported a total revenue of Rs. 349 crore, with the Industrial Gas division contributing 68.4 percent or Rs. 239 crore of the total revenue. The LNG division accounted for 14.3 percent (Rs.50 crore), while the Cryo Scientific division generated 12.9 percent (Rs.45 crore).
Written by Sridhar J
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