INOX India Limited
INOX India Limited manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and engineering, procurement, and construction (EPC) companies in India and internationally. It also offers industrial gas equipment comprising storage and transport tanks, microbulk units, vaporizers and piping, and oil and gas equipment. In addition, the company provides liquid nitrogen c… Read more
INOX India Limited (INOXINDIA) - Net Assets
Latest net assets as of September 2025: ₹9.80 Billion INR
Based on the latest financial reports, INOX India Limited (INOXINDIA) has net assets worth ₹9.80 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹18.95 Billion) and total liabilities (₹9.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹9.80 Billion |
| % of Total Assets | 51.72% |
| Annual Growth Rate | 26.85% |
| 5-Year Change | 135.17% |
| 10-Year Change | N/A |
| Growth Volatility | 9.9 |
INOX India Limited - Net Assets Trend (2018–2024)
This chart illustrates how INOX India Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for INOX India Limited (2018–2024)
The table below shows the annual net assets of INOX India Limited from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | ₹8.74 Billion | +34.61% |
| 2023-09-30 | ₹6.49 Billion | +18.12% |
| 2022-09-30 | ₹5.49 Billion | +9.40% |
| 2021-09-30 | ₹5.02 Billion | +35.20% |
| 2020-09-30 | ₹3.72 Billion | +32.96% |
| 2019-09-30 | ₹2.79 Billion | +33.31% |
| 2018-09-30 | ₹2.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to INOX India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 828160300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹8.28 Billion | 94.79% |
| Common Stock | ₹181.53 Million | 2.08% |
| Other Comprehensive Income | ₹273.80 Million | 3.13% |
| Total Equity | ₹8.74 Billion | 100.00% |
INOX India Limited Competitors by Market Cap
The table below lists competitors of INOX India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
W&T Offshore Inc
NYSE:WTI
|
$243.99 Million |
|
Gallant Micro Machining Co Ltd
TWO:6640
|
$244.02 Million |
|
Sopharma AD
WAR:SPH
|
$244.08 Million |
|
BrainChip Holdings Ltd
OTCQX:BCHPY
|
$244.10 Million |
|
Zhejiang Runyang New Material Technology Co. Ltd.
SHE:300920
|
$243.96 Million |
|
NHN KCP Corp
KQ:060250
|
$243.94 Million |
|
NIIT LEARNING SYSTEMS LTD
NSE:NIITMTS
|
$243.88 Million |
|
Circassia Group Plc
OTCGREY:CSSPF
|
$243.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in INOX India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,490,677,000 to 8,736,926,000, a change of 2,246,249,000 (34.6%).
- Net income of 2,260,286,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 6,777,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.26 Billion | +25.87% |
| Other Comprehensive Income | ₹-6.78 Million | -0.08% |
| Other Changes | ₹-7.26 Million | -0.08% |
| Total Change | ₹- | 34.61% |
Book Value vs Market Value Analysis
This analysis compares INOX India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 12.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 49.91x to 12.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-09-30 | ₹23.09 | ₹1152.50 | x |
| 2019-09-30 | ₹30.79 | ₹1152.50 | x |
| 2020-09-30 | ₹40.93 | ₹1152.50 | x |
| 2021-09-30 | ₹55.34 | ₹1152.50 | x |
| 2022-09-30 | ₹60.54 | ₹1152.50 | x |
| 2023-09-30 | ₹71.31 | ₹1152.50 | x |
| 2024-09-30 | ₹95.98 | ₹1152.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently INOX India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.31%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.89x
- Recent ROE (25.87%) is below the historical average (37.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 92.25% | 30.05% | 0.89x | 3.46x | ₹1.72 Billion |
| 2019 | 32.91% | 14.17% | 1.03x | 2.25x | ₹640.20 Million |
| 2020 | 25.87% | 16.30% | 0.86x | 1.85x | ₹589.56 Million |
| 2021 | 25.98% | 16.69% | 0.87x | 1.79x | ₹802.70 Million |
| 2022 | 28.16% | 16.02% | 0.84x | 2.09x | ₹997.90 Million |
| 2023 | 30.20% | 17.33% | 0.94x | 1.85x | ₹1.31 Billion |
| 2024 | 25.87% | 17.31% | 0.79x | 1.89x | ₹1.39 Billion |
Industry Comparison
This section compares INOX India Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,652,920,800
- Average return on equity (ROE) among peers: 9.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| INOX India Limited (INOXINDIA) | ₹9.80 Billion | 92.25% | 0.93x | $243.96 Million |
| Aaron Industries Limited (AARON) | $158.89 Million | 23.34% | 0.87x | $9.17 Million |
| Ador Welding Limited (ADORWELD) | $2.35 Billion | 7.84% | 0.61x | $74.72 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $1.13 Billion | 5.71% | 1.11x | $15.98K |
| AIA Engineering Limited (AIAENG) | $10.59 Billion | 17.34% | 0.50x | $1.30 Billion |
| The Anup Engineering Limited (ANUP) | $3.93 Billion | 15.77% | 0.34x | $185.19 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $43.62 Million | 14.95% | 2.96x | $3.43 Million |
| Azad Engineering Limited (AZAD) | $13.93 Billion | 6.27% | 0.34x | $468.30 Million |
| Bharat Heavy Electricals Limited (BHEL) | $52.96 Billion | 12.43% | 1.30x | $4.21 Billion |
| Cummins India Limited (CUMMINSIND) | $42.83 Billion | 17.34% | 0.41x | $7.17 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $8.61 Billion | -21.42% | 2.62x | $116.63 Million |