INOX India Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹17,258 Cr
- Book Value
- ₹123
- Stock P/E
- 67.1
- Dividend Yield
- 0.11%
- ROE
- 26.1%
- ROCE
- 33.5%
- PEG Ratio
- 3.05
- EV/EBITDA
- 44.9
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
INOX India share price today
INOX India (NSE: INOXINDIA) builds the equipment that keeps the coldest cargo on earth contained: cryogenic tanks and systems for liquefied gases — LNG stations and satellite plants, industrial-gas storage (the vessels behind every Linde/INOX Air Products installation), beverage-grade CO₂, and the exotic end: liquid-hydrogen and space-programme tanks (ISRO is a customer). Cryogenic engineering is a certification-and-experience club; India has essentially one listed member.
The economics reflect the niche: 33.5% ROCE, 21.1% operating margins, near-zero debt, and 22% five-year CAGRs on both lines. At 67.1×, our universe tags it wait — the LNG/hydrogen story is real, and the multiple has already read it twice.
The cold-chain of the energy transition
Every energy-transition path runs through cryogenics: LNG as trucking fuel needs station tanks; gasification of industry needs storage; hydrogen — whenever its decade arrives — is the ultimate cryogenic cargo (−253°C). INOX’s installed-base reputation, ASME/international certifications and export traction (tanks ship worldwide) make it the default Indian vendor and a credible global one. Order books ride LNG-infrastructure tenders and industrial-gas capex.
Watch-items: LNG station rollout pace (policy-dependent), export order momentum, hydrogen programme conversions (optionality, not yet earnings), and stainless-steel input costs.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹17,258 Cr |
| P/E (TTM) | 67.1 |
| EV/EBITDA | 44.9 |
| Operating margin | 21.1% |
| ROE / ROCE | 26.1% / 33.5% |
| Debt to equity | 0.07 |
| Sales CAGR (5y) | 21.7% |
| Profit CAGR (5y) | 22.0% |
| Promoter holding | 74.9% |
| EPS (TTM) | ₹28.33 |
INOX India share price target 2026 to 2030
EPS base ₹28.33 (TTM). Bear: LNG rollout disappoints — 10% growth, multiple at 34×. Base: gas-economy capex compounds — 16% growth at 48×. Bull: hydrogen orders begin converting — 22% growth at 62×.
| Year | Bear (34×, +10%) | Base (48×, +16%) | Bull (62×, +22%) |
|---|---|---|---|
| 2026 | ₹1,060 | ₹1,575 | ₹2,145 |
| 2027 | ₹1,165 | ₹1,830 | ₹2,615 |
| 2028 | ₹1,280 | ₹2,125 | ₹3,190 |
| 2029 | ₹1,410 | ₹2,460 | ₹3,890 |
| 2030 | ₹1,550 | ₹2,855 | ₹4,745 |
From ₹1,901, the base case is ≈ +50% over four and a half years; the bear is −18%. Niche monopolies bought at 67× need their cycles punctual — the range below buys the same monopoly with the calendar risk discounted.
Reasons to own INOX India (at the right price)
- India’s cryogenic-engineering monopoly-adjacent franchise — certifications are the moat.
- Every energy-transition path (LNG, gasification, hydrogen) needs its tanks.
- 33.5% ROCE with near-zero debt on a growing order book.
- Export credibility: tanks certified and shipped worldwide.
- Space/hydrogen work seeds the next decade’s optionality.
The risks: LNG-station rollouts follow policy calendars that slip, 67× leaves no margin for slow quarters, and stainless input swings squeeze fixed-price orders.
Should you buy at the current price?
The live buy range below is for members — the cryogenic story at room temperature.
FAQ
What is the INOX India share price target for 2030? Base case ≈ ₹2,855 (48× on 16% compounded growth), bear ≈ ₹1,550, bull ≈ ₹4,745. Arithmetic above.
What does INOX India actually build? Vacuum-insulated cryogenic tanks and systems: LNG station and transport tanks, industrial-gas storage vessels, mini-LNG plants, and specialised tanks for hydrogen and space programmes.
Is the hydrogen story real revenue yet? No — it is qualification work and pilot orders today. The investment case’s engine is LNG and industrial gas; hydrogen is the free option on the same competency.
When are INOX India’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.