INOX India Limited has informed the Exchange about Transcript
INOXINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
INOX India reported Q4 FY26 total income of INR475 crores (up 24.2% YoY) and FY26 total income of INR1,632 crores (up 21.2%), with FY26 EBITDA margin maintained at 23.8%. The order book stands at INR1,514 crores with 63% exports, and management targets 18-20% growth for FY27 with quarterly order inflow run-rate of INR450-500 crores. Key highlights include a INR85 crore order from Cochin Shipyard for 6 LNG tanks marking marine entry, 2 million disposable cylinders dispatched, 31% volume growth in beverage kegs (61,000 units) with approvals from Heineken, AB InBev, and Molson Coors. North America revenue share increased from 14% to 26%. A new 7-acre Kandla facility is being developed for ultra-large tanks. Analyst raised concerns about declining operating cash flow (INR116 crores vs INR177 crores three years prior despite higher revenues) and rising working capital (INR990 crores vs INR731 crores).
The strong order book and multi-segment growth momentum are positive, but the disconnect between revenue growth and cash flow generation warrants monitoring. Margin guidance of 21-24% band remains intact despite geopolitical headwinds.