- Valuation
- ₹10,740 Cr

About INOXCVA
INOXCVA is a publicly listed company based in Vadodara (India) founded in 1992 by P Kulkarni. Standard and engineered cryogenic equipment is manufactured by INOXCVA. INOXCVA has raised $128.5 million across 3 funding rounds from investors including Standard Chartered. The company has 1,369 employees. Its chief executive, as recorded, is Deepak Acharya. Its website inoxcva.com draws about 20 thousand monthly visits. Its Indian entity Inox India Limited reported revenue of βΉ1,637 Cr. INOXCVA offers products and services including Cryogenic Storage Tanks and LNG Systems. Its focus areas include Energy, Oil & Gas Downstream and Diversified.
Company details
INOXCVA was established in 1992 in Vadodara, India, as a manufacturer in the cryogenic equipment sector. Standard and custom-engineered products are produced for industrial gas applications, including storage tanks, vaporizers, and pressure vessels. Operations are centered on design, fabrication, and supply to global markets, with a focus on compliance with international standards. Leadership is provided by founder P Kulkarni and CEO Deepak Acharya.
Recognitions & Rankings of INOXCVA
- Market Cap₹17,740 Cr
INOXINDIA · NSE
- Share Price₹1,960.90
+0.55% today
- Revenue₹1,587 Cr
FY 2025-26 · +21.5% YoY
- EBITDA₹334 Cr
Margin 21.1%
- Net Profit₹260 Cr
FY 2025-26 · +17.8% YoY
- P/E (TTM)65.4x
P/B 14.1x
- ROE25.9%
ROCE 33.2%
- Debt / Equity0.06
Interest cover 3.1x
- Total Equity Funding$128.5M (USD)
in 3 rounds
- Latest Funding Round$38.42M (USD), Series C
Mar 2018
- Investors
- Employee Count1,369
Associated legal entities of INOXCVA
INOXCVA operates through Inox India Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Inox India Limited Listed CIN L99999GJ1976PLC018945 | Active | 21 Dec 1976 | Vadodara, Gujarat | ₹1,637 Cr | 1,043 | 11 | View details |
Products & Services of INOXCVA
INOXCVA offers a comprehensive portfolio of products and services, including Cryogenic Storage Tanks and LNG Systems.
These tanks are used for the storage of cryogenic liquids such as industrial gases and LNG
These systems are employed for infrastructure in clean energy applications like LNG distribution
Apps and channels of INOXCVA
its YouTube channel INOXCVA has 2.12K subscribers and 30 videos.
Videos from INOXCVA
The most watched videos on INOXCVA's YouTube channel, INOXCVA (2.12K subscribers). Click a video to play it here.
More on INOXCVA.
Funding Insights of INOXCVA
INOXCVA has successfully raised a total of $128.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $38.42 million completed in March 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $128.5M
- Total Rounds 3
- Last Round Series C β $38.42M
- First Round $45.09M
(Aug 2012)
- Investors Count 1
All 3 funding rounds of INOXCVA with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2018 | $38.42M | Series C | β | β | |
| Aug 2012 | $45.09M | Series C | β | Standard Chartered | β |
| Aug 2012 | $45M | Private Equity Round | β | β |
1 investors in total: 1 institutional.
Investors in INOXCVA
INOXCVA has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Standard Chartered.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate, investment, wealth, and retail banking services are provided globally. | 1953 | sc.com | London, United Kingdom |
Investor details for INOXCVA
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Inox India Limited (INOXCVA)
Inox India Limited is the primary company behind INOXCVA. The board of Inox India Limited currently have 8 directors; the longest-serving is Pavan Jain, appointed in 1979. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pavan Jain DIN 00030098 | Director | 16 Apr 1979 | 47 yrs 6 mo | Inox India Limited |
| Parag Padmakar Kulkarni DIN 00209184 | Director | 25 Sep 1999 | 27 yrs 1 mo | Inox India Limited |
| Siddharth Jain DIN 00030202 | Director | 17 Mar 2004 | 22 yrs 7 mo | Inox India Limited |
| Ishita Jain DIN 09276232 | Director | 12 Aug 2021 | 5 yrs 3 mo | Inox India Limited |
| Amit Mohan Advani DIN 01898244 | Director | 16 Jul 2022 | 4 yrs 3 mo | Inox India Limited |
| Girija Balakrishnan DIN 06841071 | Director | 16 Jul 2022 | 4 yrs 3 mo | Inox India Limited |
| Shrikant Shreeniwas Somani DIN 00085039 | Director | 16 Jul 2022 | 4 yrs 3 mo | Inox India Limited |
| Richard John Boocock DIN 07404093 | Director | 16 Jul 2022 | 4 yrs 3 mo | Inox India Limited |
People of INOXCVA
20 people are tracked at INOXCVA (4 in leadership, 16 in team); the tracked headcount is 1,369.
| Name | Role | Group |
|---|---|---|
P Kulkarni | Founder | Leadership |
Deepak Acharya | CEO | Leadership |
| Chief Executive Officer | Leadership | |
Alejandro Galvez | VP Sales & Marketing And Business Development | Leadership |
Prabhath B Nair | Deputy Manager | Team |
Daniela Yamaguti | Administrative Manager | Team |
Santosh Kunte | Manager LNG Logistics Operations | Team |
Tithi Patel | Marketing Officer | Team |
Haresh Nakum | Assistant Manager | Team |
Dushyant Bhatt | Sr. Executive | Team |
Marcio Rodriguez | Operations Manager | Team |
Anil Singh | Production Assistant | Team |
Chirag Makwana | Executive | Team |
Jayant Pathak | Senior Manager Logistics | Team |
Kalpesh Mangukiya | Production Engineer | Team |
Kapil G Tandel | Officer | Team |
Divyesh Lodhari | Production Engineer | Team |
Pankaj Patel Inoxcva | Production Manager | Team |
Mateus Fiuza | South America Sales Engineer And Project Manager | Team |
Sujal Gohel | Project Engineer | Team |
Complete people profiles for INOXCVA
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of INOXCVA
INOXCVA is a publicly listed company on the NSE with ticker symbol INOXINDIA in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date21 Dec 2023
- Listed onNSE: INOXINDIA · BSE: 544046
- Listed entityINOX India Limited
- Exchange sectorProducer manufacturing
- ISININE616N01034
- Share price₹2,066.50 (-0.83% on the day) · 2026-10-14
- Market capitalisation₹18,945 Cr
- Price to earnings73.8
- EPS (diluted, trailing year)₹28.00
- Dividend yield0.1%
- Volume (last session)67,713
Financials of INOXCVA
Exchange-reported figures of Inox India Limited, the listed company behind INOXCVA (NSE: INOXINDIA).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,587 | 1,306 | 1,133 | 966 | 783 | 594 | 649 |
| Revenue growth | +21.5% | +15.2% | +17.3% | +23.4% | +31.8% | -8.5% | - |
| EBITDA | 334 | 285 | 250 | 204 | 168 | 135 | 133 |
| EBITDA margin | +21.1% | +21.8% | +22.1% | +21.2% | +21.4% | +22.7% | +20.5% |
| Profit before tax | 342 | 299 | 258 | 207 | 174 | 131 | 144 |
| Net profit | 260 | 221 | 196 | 153 | 129 | 96.14 | 78.72 |
| Net profit margin | +16.4% | +16.9% | +17.3% | +15.9% | +16.5% | +16.2% | +12.1% |
| EPS (βΉ) | 28.41 | 24.90 | 21.59 | 17.05 | 14.38 | 105.89 | 107.23 |
| Balance sheet | |||||||
| Total assets | 1,199 | 919 | 680 | 571 | 562 | 449 | 443 |
| Net worth | 1,118 | 874 | 649 | 549 | 502 | 372 | 279 |
| Total debt | 81.04 | 43.25 | 16.14 | 8.99 | 54.54 | 67.50 | 145 |
| Cash & bank | 23.46 | 20.93 | 9.22 | 61.67 | 8.82 | 202 | 58.34 |
| Net working capital | 455 | 275 | 154 | 145 | 105 | 264 | 238 |
| Cash flow | |||||||
| Cash from operations | 117 | 122 | 122 | 177 | 97.04 | 231 | 188 |
| Cash from investing | (110) | (141) | (25.68) | (13.03) | (71.97) | (152) | (27.85) |
| Cash from financing | 5.39 | 17.15 | (103) | (154) | (26.13) | (95.71) | (168) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 456 | 371 | 461 | 429 | 358 | 340 | 369 | 334 |
| Revenue growth (YoY) | +27.4% | +9.2% | +24.7% | +28.5% | +16.9% | +14.6% | - | - |
| Other income | 10.85 | 10.81 | 17.80 | 7.62 | 12.90 | 12.67 | 13.68 | 15.89 |
| EBITDA | 88.86 | 75.87 | 94.65 | 85.07 | 77.91 | 76.13 | 81.12 | 68.93 |
| EBITDA margin | +19.5% | +20.5% | +20.5% | +19.9% | +21.7% | +22.4% | +22.0% | +20.7% |
| Depreciation | 9.87 | 9.50 | 9.02 | 9.40 | 7.62 | 7.57 | 7.14 | 6.40 |
| Interest | 1.05 | 1.59 | 3.51 | 3.00 | 2.00 | 0.72 | 1.17 | 2.50 |
| Profit before tax | 88.79 | 75.59 | 99.92 | 80.29 | 81.19 | 80.51 | 86.49 | 75.92 |
| Tax | 22.23 | 17.51 | 24.68 | 19.58 | 20.36 | 19.39 | 20.97 | 17.53 |
| Net profit | 66.56 | 58.08 | 75.24 | 60.71 | 60.83 | 61.12 | 65.52 | 58.39 |
| EPS (βΉ) | 7.31 | 6.38 | 8.27 | 6.67 | 6.68 | 6.71 | 7.20 | 6.41 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,557 | 1,296 | 1,087 | 950 | 777 | 587 | 640 |
| Revenue growth | +20.1% | +19.2% | +14.5% | +22.3% | +32.2% | -8.2% | - |
| EBITDA | 327 | 286 | 236 | 205 | 165 | 135 | 132 |
| EBITDA margin | +21.0% | +22.1% | +21.7% | +21.6% | +21.3% | +23.0% | +20.6% |
| Profit before tax | 337 | 300 | 246 | 208 | 173 | 132 | 116 |
| Net profit | 255 | 220 | 186 | 155 | 127 | 97.21 | 68.09 |
| Net profit margin | +16.4% | +17.0% | +17.1% | +16.3% | +16.4% | +16.6% | +10.6% |
| EPS (βΉ) | 27.81 | 24.80 | 20.51 | 17.21 | 14.14 | 107.05 | 77.83 |
| Balance sheet | |||||||
| Total assets | 1,214 | 943 | 703 | 604 | 589 | 481 | 471 |
| Net worth | 1,139 | 901 | 676 | 585 | 534 | 408 | 312 |
| Total debt | 74.98 | 40.57 | 13.22 | 5.99 | 43.38 | 60.37 | 145 |
| Cash & bank | 20.53 | 3.16 | 4.77 | 54.78 | 8.04 | 200 | 57.62 |
| Net working capital | 482 | 269 | 146 | 145 | 97.94 | 259 | 234 |
| Cash flow | |||||||
| Cash from operations | 91.89 | 106 | 122 | 169 | 94.32 | 226 | 164 |
| Cash from investing | (87.67) | (124) | (26.03) | (9.87) | (69.51) | (160) | (1.91) |
| Cash from financing | 7.32 | 18.52 | (102) | (153) | (24.99) | (95.16) | (167) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 445 | 357 | 455 | 419 | 356 | 327 | 369 | 332 |
| Revenue growth (YoY) | +25.2% | +9.0% | +23.4% | +26.2% | +17.1% | +12.3% | - | - |
| Other income | 10.07 | 11.13 | 16.62 | 8.79 | 12.35 | 12.47 | 12.67 | 15.80 |
| Total expenses | 360 | 285 | 361 | 338 | 280 | 252 | 288 | 262 |
| EBITDA | 85.65 | 71.54 | 94.33 | 81.17 | 75.40 | 75.30 | 81.37 | 69.75 |
| EBITDA margin | +19.2% | +20.0% | +20.7% | +19.4% | +21.2% | +23.0% | +22.0% | +21.0% |
| Depreciation | 8.49 | 8.17 | 7.93 | 8.11 | 7.51 | 7.19 | 6.79 | 6.01 |
| Interest | 0.80 | 1.42 | 3.26 | 2.96 | 1.90 | 0.63 | 1.24 | 2.26 |
| Profit before tax | 86.43 | 73.08 | 99.76 | 78.89 | 78.34 | 79.95 | 86.01 | 77.28 |
| Tax | 21.84 | 16.73 | 25.47 | 19.79 | 19.72 | 19.56 | 20.88 | 19.97 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 456 | 371 | 461 | 429 | 358 | 340 | 369 | 334 |
| Revenue growth (YoY) | +27.4% | +9.2% | +24.7% | +28.5% | +16.9% | +14.6% | - | - |
| Other income | 10.85 | 10.81 | 17.80 | 7.62 | 12.90 | 12.67 | 13.68 | 15.89 |
| EBITDA | 88.86 | 75.87 | 94.65 | 85.07 | 77.91 | 76.13 | 81.12 | 68.93 |
| EBITDA margin | +19.5% | +20.5% | +20.5% | +19.9% | +21.7% | +22.4% | +22.0% | +20.7% |
| Depreciation | 9.87 | 9.50 | 9.02 | 9.40 | 7.62 | 7.57 | 7.14 | 6.40 |
| Interest | 1.05 | 1.59 | 3.51 | 3.00 | 2.00 | 0.72 | 1.17 | 2.50 |
| Profit before tax | 88.79 | 75.59 | 99.92 | 80.29 | 81.19 | 80.51 | 86.49 | 75.92 |
| Tax | 22.23 | 17.51 | 24.68 | 19.58 | 20.36 | 19.39 | 20.97 | 17.53 |
| Net profit | 66.56 | 58.08 | 75.24 | 60.71 | 60.83 | 61.12 | 65.52 | 58.39 |
| EPS (βΉ) | 7.31 | 6.38 | 8.27 | 6.67 | 6.68 | 6.71 | 7.20 | 6.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,587 | 1,306 | 1,133 | 966 | 783 | 594 | 649 |
| Revenue growth | +21.5% | +15.2% | +17.3% | +23.4% | +31.8% | -8.5% | - |
| Other income | 50.40 | 47.84 | 31.31 | 20.18 | 21.00 | 15.20 | 48.34 |
| Total expenses | 1,253 | 1,021 | 883 | 762 | 615 | 459 | 516 |
| Employee cost | 146 | 110 | 102 | 78.68 | 73.46 | 60.49 | 64.78 |
| EBITDA | 334 | 285 | 250 | 204 | 168 | 135 | 133 |
| EBITDA margin | +21.1% | +21.8% | +22.1% | +21.2% | +21.4% | +22.7% | +20.5% |
| Depreciation | 33.62 | 25.06 | 18.14 | 13.92 | 12.10 | 11.78 | 11.96 |
| Interest | 9.23 | 8.54 | 5.67 | 3.68 | 2.32 | 6.86 | 25.50 |
| Profit before tax | 342 | 299 | 258 | 207 | 174 | 131 | 144 |
| Tax | 84.02 | 72.90 | 61.77 | 52.20 | 43.71 | 34.96 | 46.37 |
| Net profit | 260 | 221 | 196 | 153 | 129 | 96.14 | 78.72 |
| Net profit margin | +16.4% | +16.9% | +17.3% | +15.9% | +16.5% | +16.2% | +12.1% |
| EPS (βΉ) | 28.41 | 24.90 | 21.59 | 17.05 | 14.38 | 105.89 | 107.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 18.15 | 18.15 | 18.15 | 18.15 | 18.15 | 9.08 | 9.08 |
| Reserves & surplus | 1,099 | 856 | 631 | 531 | 484 | 362 | 272 |
| Shareholders' funds (net worth) | 1,118 | 874 | 649 | 549 | 502 | 372 | 279 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 69.50 | 33.10 | 4.87 | 0.00 | 43.38 | 60.37 | 85.72 |
| Unsecured loans | 11.54 | 10.15 | 11.27 | 8.99 | 11.16 | 7.13 | 59.20 |
| Total debt | 81.04 | 43.25 | 16.14 | 8.99 | 54.54 | 67.50 | 145 |
| Total liabilities | 1,199 | 919 | 680 | 571 | 562 | 449 | 443 |
| Assets | |||||||
| Gross block | 576 | 478 | 343 | 241 | 197 | 152 | 175 |
| Net block | 428 | 359 | 255 | 164 | 134 | 102 | 110 |
| Capital work in progress | 4.25 | 4.19 | 4.76 | 0.22 | 1.86 | 2.39 | 0.41 |
| Investments | 297 | 267 | 247 | 249 | 312 | 25.06 | 80.16 |
| Inventories | 478 | 493 | 434 | 413 | 323 | 146 | 161 |
| Sundry debtors | 313 | 252 | 174 | 143 | 78.11 | 113 | 147 |
| Cash & bank balances | 23.46 | 20.93 | 9.22 | 61.67 | 8.82 | 202 | 58.34 |
| Loans & advances | 443 | 232 | 72.58 | 96.36 | 21.91 | 35.67 | 58.30 |
| Total current assets | 1,258 | 998 | 690 | 714 | 431 | 496 | 425 |
| Total current liabilities | 803 | 723 | 535 | 569 | 327 | 232 | 186 |
| Net working capital | 455 | 275 | 154 | 145 | 105 | 264 | 238 |
| Total assets | 1,199 | 919 | 680 | 571 | 562 | 449 | 443 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.51 | 4.95 | 11.21 | 1.19 | 2.25 | 19.14 | 37.47 |
| Net cash from operating activities | 117 | 122 | 122 | 177 | 97.04 | 231 | 188 |
| Net cash from investing activities | (110) | (141) | (25.68) | (13.03) | (71.97) | (152) | (27.85) |
| Net cash from financing activities | 5.39 | 17.15 | (103) | (154) | (26.13) | (95.71) | (168) |
| Net change in cash | 12.51 | (1.43) | (6.26) | 10.01 | (1.06) | (16.90) | (7.73) |
| Closing cash | 23.46 | 20.93 | 9.22 | 61.67 | 8.82 | 202 | 58.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.5% | +15.2% | +17.3% | +23.4% | +31.8% | -8.5% | - |
| EBITDA growth | +17.4% | +13.8% | +22.5% | +21.9% | +24.6% | +1.3% | - |
| PBT growth | +14.4% | +16.0% | +24.6% | +18.8% | +32.9% | -8.8% | +6.8% |
| Net income growth | +17.8% | +12.6% | +28.0% | +18.5% | +34.4% | +22.1% | - |
| Revenue CAGR (3Y) | +18.0% | +18.6% | +24.0% | +14.2% | +6.4% | - | - |
| EBITDA CAGR (3Y) | +17.8% | +19.3% | +23.0% | +15.5% | +5.3% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +16.3% | +17.3% | +17.3% | +16.0% | +16.7% | +16.2% | +15.0% |
| Return on capital employed | +33.2% | +38.5% | +42.2% | +37.2% | +34.9% | +31.0% | +28.8% |
| Return on net worth | +25.9% | +29.7% | +32.7% | +29.4% | +29.9% | +29.5% | +32.2% |
| Debt / equity | 0.06 | 0.04 | 0.02 | 0.06 | 0.14 | 0.33 | 0.88 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.13 |
| Interest cover | 3.07 | 3.29 | 2.44 | 1.93 | 1.49 | 5.59 | 21.10 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.01 | 3.18 | 3.88 | 4.41 | 4.48 | 3.62 | 4.00 |
| Inventory turnover | 3.27 | 2.82 | 2.68 | 2.63 | 3.34 | 3.87 | 3.39 |
| Debtors turnover | 5.62 | 6.14 | 7.16 | 8.74 | 8.20 | 4.57 | 4.40 |
| EPS (βΉ) | 28.41 | 24.90 | 21.59 | 17.05 | 14.38 | 105.89 | 107.23 |
| Dividend per share (βΉ) | 2.00 | 2.00 | 11.00 | 11.50 | 1.50 | 0.00 | 0.00 |
| Book value per share (βΉ) | 123.13 | 96.26 | 71.51 | 60.54 | 55.34 | 409.34 | 309.88 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 445 | 357 | 455 | 419 | 356 | 327 | 369 | 332 |
| Revenue growth (YoY) | +25.2% | +9.0% | +23.4% | +26.2% | +17.1% | +12.3% | - | - |
| Other income | 10.07 | 11.13 | 16.62 | 8.79 | 12.35 | 12.47 | 12.67 | 15.80 |
| Total expenses | 360 | 285 | 361 | 338 | 280 | 252 | 288 | 262 |
| EBITDA | 85.65 | 71.54 | 94.33 | 81.17 | 75.40 | 75.30 | 81.37 | 69.75 |
| EBITDA margin | +19.2% | +20.0% | +20.7% | +19.4% | +21.2% | +23.0% | +22.0% | +21.0% |
| Depreciation | 8.49 | 8.17 | 7.93 | 8.11 | 7.51 | 7.19 | 6.79 | 6.01 |
| Interest | 0.80 | 1.42 | 3.26 | 2.96 | 1.90 | 0.63 | 1.24 | 2.26 |
| Profit before tax | 86.43 | 73.08 | 99.76 | 78.89 | 78.34 | 79.95 | 86.01 | 77.28 |
| Tax | 21.84 | 16.73 | 25.47 | 19.79 | 19.72 | 19.56 | 20.88 | 19.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,557 | 1,296 | 1,087 | 950 | 777 | 587 | 640 |
| Revenue growth | +20.1% | +19.2% | +14.5% | +22.3% | +32.2% | -8.2% | - |
| Other income | 49.66 | 46.25 | 31.90 | 19.96 | 20.80 | 15.25 | 20.21 |
| Total expenses | 1,230 | 1,010 | 851 | 745 | 612 | 452 | 508 |
| Employee cost | 138 | 105 | 96.54 | 74.85 | 71.52 | 59.95 | 61.69 |
| EBITDA | 327 | 286 | 236 | 205 | 165 | 135 | 132 |
| EBITDA margin | +21.0% | +22.1% | +21.7% | +21.6% | +21.3% | +23.0% | +20.6% |
| Depreciation | 30.75 | 23.76 | 16.92 | 13.10 | 11.48 | 10.89 | 10.77 |
| Interest | 8.75 | 8.14 | 5.37 | 3.36 | 1.73 | 6.89 | 24.95 |
| Profit before tax | 337 | 300 | 246 | 208 | 173 | 132 | 116 |
| Tax | 84.53 | 75.25 | 59.49 | 52.19 | 44.34 | 35.29 | 45.79 |
| Net profit | 255 | 220 | 186 | 155 | 127 | 97.21 | 68.09 |
| Net profit margin | +16.4% | +17.0% | +17.1% | +16.3% | +16.4% | +16.6% | +10.6% |
| EPS (βΉ) | 27.81 | 24.80 | 20.51 | 17.21 | 14.14 | 107.05 | 77.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 18.15 | 18.15 | 18.15 | 18.15 | 18.15 | 9.08 | 9.08 |
| Reserves & surplus | 1,121 | 883 | 658 | 567 | 516 | 399 | 303 |
| Shareholders' funds (net worth) | 1,139 | 901 | 676 | 585 | 534 | 408 | 312 |
| Secured loans | 69.50 | 33.10 | 4.87 | 0.00 | 43.38 | 60.37 | 85.72 |
| Unsecured loans | 5.48 | 7.47 | 8.35 | 5.99 | 0.00 | 0.00 | 59.20 |
| Total debt | 74.98 | 40.57 | 13.22 | 5.99 | 43.38 | 60.37 | 145 |
| Total liabilities | 1,214 | 943 | 703 | 604 | 589 | 481 | 471 |
| Assets | |||||||
| Gross block | 513 | 468 | 342 | 233 | 190 | 147 | 142 |
| Net block | 375 | 355 | 251 | 161 | 130 | 98.62 | 104 |
| Capital work in progress | 0.23 | 4.19 | 4.76 | 0.22 | 1.86 | 2.39 | 0.41 |
| Investments | 341 | 312 | 291 | 293 | 356 | 69.48 | 125 |
| Inventories | 468 | 471 | 429 | 407 | 318 | 146 | 160 |
| Sundry debtors | 325 | 255 | 173 | 130 | 77.77 | 112 | 143 |
| Cash & bank balances | 20.53 | 3.16 | 4.77 | 54.78 | 8.04 | 200 | 57.62 |
| Loans & advances | 440 | 226 | 72.40 | 95.15 | 18.61 | 36.01 | 56.70 |
| Total current assets | 1,254 | 955 | 679 | 687 | 423 | 494 | 417 |
| Total current liabilities | 772 | 687 | 533 | 542 | 325 | 234 | 183 |
| Net working capital | 482 | 269 | 146 | 145 | 97.94 | 259 | 234 |
| Total assets | 1,214 | 943 | 703 | 604 | 589 | 481 | 471 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.56 | 0.50 | 6.79 | 0.41 | 0.59 | 29.02 | 33.96 |
| Net cash from operating activities | 91.89 | 106 | 122 | 169 | 94.32 | 226 | 164 |
| Net cash from investing activities | (87.67) | (124) | (26.03) | (9.87) | (69.51) | (160) | (1.91) |
| Net cash from financing activities | 7.32 | 18.52 | (102) | (153) | (24.99) | (95.16) | (167) |
| Net change in cash | 11.54 | 1.06 | (6.29) | 6.37 | (0.18) | (28.43) | (4.94) |
| Closing cash | 20.53 | 3.16 | 4.77 | 54.78 | 8.04 | 200 | 57.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +20.1% | +19.2% | +14.5% | +22.3% | +32.2% | -8.2% | - |
| EBITDA growth | +14.3% | +21.2% | +15.2% | +24.1% | +22.3% | +2.3% | - |
| PBT growth | +12.2% | +22.3% | +17.8% | +20.7% | +30.4% | +13.8% | +9998.0% |
| Net income growth | +15.8% | +18.1% | +20.4% | +21.6% | +30.7% | +42.8% | - |
| Revenue CAGR (3Y) | +17.9% | +18.6% | +22.8% | +14.1% | +6.7% | - | - |
| EBITDA CAGR (3Y) | +16.8% | +20.1% | +20.5% | +15.8% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +16.2% | +17.4% | +17.1% | +16.5% | +16.5% | +16.5% | +11.0% |
| Return on capital employed | +32.1% | +37.5% | +38.4% | +35.5% | +32.6% | +29.3% | +28.1% |
| Return on net worth | +24.8% | +28.6% | +29.5% | +27.9% | +27.3% | +27.0% | +25.5% |
| Debt / equity | 0.06 | 0.03 | 0.02 | 0.04 | 0.11 | 0.29 | 0.78 |
| Long-term debt / equity | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.12 |
| Interest cover | 2.96 | 3.10 | 2.45 | 1.75 | 1.13 | 5.55 | 20.59 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.18 | 3.20 | 3.79 | 4.50 | 4.62 | 4.06 | 4.87 |
| Inventory turnover | 3.32 | 2.88 | 2.60 | 2.62 | 3.35 | 3.85 | 3.39 |
| Debtors turnover | 5.37 | 6.06 | 7.19 | 9.15 | 8.20 | 4.62 | 4.33 |
| EPS (βΉ) | 27.81 | 24.80 | 20.51 | 17.21 | 14.14 | 107.05 | 77.83 |
| Dividend per share (βΉ) | 2.00 | 2.00 | 11.00 | 11.50 | 1.50 | 0.00 | 0.00 |
| Book value per share (βΉ) | 125.46 | 99.26 | 74.47 | 64.50 | 58.81 | 449.32 | 343.62 |
Timeline of INOXCVA
4 dated milestones of INOXCVA across 31 years, from founding to its latest funding, stage changes and deals.
- Founded INOXCVA is founded.
- Funding First funding round of $45.1M.
- Funding Latest funding round, Series C, of $38.4M.
- IPO Lists on the stock exchange (IPO).
Web traffic of INOXCVA
The website of INOXCVA (inoxcva.com) receives about 20.5K visits a month.
- Monthly visits20.5K
▼ 32.4% vs previous month
Websites whose visitors overlap most with INOXCVA. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
fastenersweb.com | fastenersweb.com | 100% | #1,085,596 | β | |
| gtt.fr | 65% | 46.8K | #367,673 | View details | |
| indiantradebird.com | 43% | #1,799,486 | View details | ||
| inoxindia.com | 36% | View details | |||
brewtogether.com | brewtogether.com | 34% | #4,990,827 | β | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 7 similar websites and full traffic analytics for INOXCVA
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- 7 similar websites
- Audience overlap
- Engagement analytics
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Related news about Inoxcva
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Frequently Asked Questions about INOXCVA
INOXCVA was founded in 1992 and raised its 1st funding round 20 years after it was founded.
INOXCVA is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Deepak Acharya is the CEO of INOXCVA, as recorded in our data.
INOXCVA is a funded company, having raised a total of $128.5M across 3 funding rounds to date. The company's 1st funding round was a Series C of $45.09M, raised on Aug 2012.
INOXCVA has 1,369 employees.
The primary company behind INOXCVA, Inox India Limited, reported revenue of βΉ1,637 Cr for FY 2026, up 22% year on year.
INOXCVA was established in 1992 in Vadodara, India, as a manufacturer in the cryogenic equipment sector. Standard and custom-engineered products are produced for industrial gas applications, including storage tanks, vaporizers, and pressure vessels. Operations are centered on design, fabrication, and supply to global markets, with a focus on compliance with international standards. Leadership is provided by founder P Kulkarni and CEO Deepak Acharya.
INOXCVA offers Cryogenic Storage Tanks and LNG Systems.
Yes, INOXCVA is publicly traded on NSE under the ticker symbol INOXINDIA.
INOXCVA has 1 investor. Key investors include Standard Chartered.
INOXCVA operates through Inox India Limited.
The legal entities of INOXCVA currently have 11 directors, including Ishita Jain, Pavan Jain, Siddharth Jain and others.
