INOX India Share Price Recovers From Day's Low After Securing Orders Worth ₹373 Crore

Mumbai, June 17, 2025 — Shares of INOX India Ltd staged a notable recovery in Tuesday’s trade after the company announced that it had secured fresh orders worth ₹373 crore, boosting investor confidence. The stock, which opened weak and touched an intraday low of ₹1,210 on the NSE, bounced back sharply to end the session at ₹1,268.90, up nearly 2% from the day’s low.

The order win, announced via a regulatory filing, highlights INOX India’s robust execution capabilities and demand strength in its core industrial gas and cryogenic storage business.

Order Win Sparks Optimism

In a filing with the stock exchanges, INOX India said it had received multiple orders valued at approximately ₹373 crore for supply of cryogenic tanks and related infrastructure from both domestic and international customers.

"These orders reaffirm the strength of INOX India's brand and technology leadership in the cryogenic engineering segment. Execution of these contracts will begin in the second quarter of FY26," the company said.

The new contracts are spread across sectors such as green hydrogen, industrial gases, and LNG logistics—segments that are seeing accelerated capex due to energy transition imperatives.

Market Reacts Positively to New Business Pipeline

INOX India’s share price trajectory on Tuesday mirrored investor sentiment surrounding the fresh order inflow. After the initial selloff in the morning trade, buying interest picked up post the announcement, driven by expectations of improved revenue visibility.

“The ₹373 crore order boost is significant considering INOX India’s size and the current momentum in the clean energy and cryogenics segment. It de-risks the topline for the next few quarters and should aid EBITDA margin stability,” said Rahul Jain, VP – Equity Research at Dolat Capital.

The stock has been consolidating in the ₹1,200–1,300 zone after a sharp run-up post-listing. This order announcement is being viewed as a potential catalyst for a renewed uptrend.

Order Book Continues to Build Post-IPO

Since its successful IPO debut in December 2023, INOX India has steadily grown its order book across industrial, clean energy, and LNG mobility segments. The company’s end-to-end capabilities in cryogenic tanks and transport systems have positioned it as a key player in the clean fuel infrastructure space.

As of Q4 FY25, INOX India’s total outstanding order book stood at over ₹1,200 crore. With the latest addition, the book size nears ₹1,600 crore, offering strong revenue visibility for the coming financial years.

“The new orders reflect INOX India’s market leadership and indicate strong demand visibility. Given its debt-free status and high RoCE profile, the stock remains a quality mid-cap play,” said Mehul Savla, Co-founder at RippleWave Advisors.

Analyst Take: Long-Term Growth Story Intact

Brokerages remain upbeat on INOX India’s long-term prospects. The company is expected to benefit from India’s green hydrogen policy, growing LNG usage in transportation, and rising demand for medical and industrial gases.

“We expect INOX India to report revenue CAGR of 18-20% over FY25–28, with healthy operating margins in the range of 25-27%. The capex tailwinds in hydrogen and LNG are structural and INOX is a key beneficiary,” stated a recent note by Nuvama Institutional Equities.

The firm currently trades at a trailing P/E of 37x, which some analysts deem justified due to its high capital efficiency and near-monopoly in large cryogenic tank manufacturing.

Broader Market Context

INOX India’s bounce-back occurred despite a mixed session for the broader markets. The Nifty 50 closed marginally in the red, down 0.14% at 23,388, while the BSE Midcap index gained 0.22%, indicating selective buying interest in fundamentally strong midcap stocks.

With a market capitalization of approximately ₹13,000 crore, INOX India is among the top 5 performers in the industrial engineering segment on the NSE for 2025 YTD.

Investor Outlook: Cautious Optimism

While the fresh orders are a positive, analysts advise investors to monitor execution timelines and input cost fluctuations, especially steel, which could impact margins.

“We are constructive but advise accumulating on dips. The visibility from the ₹373 crore orders provides a cushion, but near-term volatility due to broader macro factors remains,” said Nirav Shah, Senior Research Analyst at Centrum Broking.

Long-term investors may continue to hold the stock, given its clean balance sheet, healthy return ratios, and strategic positioning in the fast-growing cryogenics segment.

INOX India's latest order win of ₹373 crore has not only revived its stock price on a volatile trading day but also reinforced its standing as a critical player in India's industrial and clean energy transition story. With a growing order book, debt-free operations, and strategic tailwinds, the company remains well-positioned for sustained growth.