"Crafting Safety, Delivering Excellence"Inox India Ltd - CMP - 1245
About
Incorporated in 1976, Inox India Limited offers solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions Inox India specializes in supplying cryogenic equipment, particularly tanks. The company offers comprehensive solutions for equipment and systems operating in cryogenic conditions.
Key Points
Business Divison
1. Industrial Gas (59% of Q2FY25 revenue)
The division designs, manufactures, and installs cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases, including green hydrogen and oxygen.
Key Products
Storage Tanks: Vertical and horizontal configurations for bulk storage.
Microbulk Units: Compact solutions for smaller gas needs.
Transport Tanks: Designed for safe and efficient gas transportation.
Vaporizers: Converting cryogenic liquids back into gas for end-use applications.
2. LNG(19% of Q2FY25 revenue)
The division develops, manufactures, supplies, and installs both standard and engineered equipment for LNG storage, distribution, and transportation, as well as small-scale LNG infrastructure solutions for industrial, marine, and automotive applications. It holds a 65-70% market share in the LNG fuelling station segment.
Key Products:
ISO Containers: For safe LNG transportation.
Mini LNG Terminals: Small-scale infrastructure solutions.
Fuel Systems: LNG Bunkering Systems for marine applications.
Vehicle-mounted LNG fuel tanks for automotive sectors.
LNG/LCNG (Liquefied to Compressed Natural Gas) fuel station
3. Cryo Scientific (18% of Q2FY25 revenue)
This division offers equipment and turnkey solutions for scientific and industrial research in the field of cryogenic distribution with a focus on technology-intensive applications.
Key Products:
Cryo Bio-Tanks: Biological storage systems for sensitive samples.
MRI Cryostats: Systems designed for use in medical imaging devices.
Cryogenic Propulsion Systems: Used in aerospace and space launch systems.
Fusion Energy Components: Cryogenic piping and tanks for projects like ITER.
Thermal Vacuum Chambers: For space simulation and testing.
Manufacturing Facilities Co. has three manufacturing facilities located at i) Kalol in Gujarat; ii) the Kandla Special Economic Zone (Kandla SEZ) in Gujarat, and iii) Silvassa in Dadra and Nagar Haveli. The installed capacity of cryogenic tanks is 3,100 Equivalent Tank Units and disposable cylinders were 2.4 million numbers in FY2024.
First in India It is the first Indian company to manufacture a trailer-mounted hydrogen transport tank, which was designed jointly with ISRO. It produced and shipped a 238kl liquid hydrogen storage tank for a liquid hydrogen plant in South Korea
International Presence The company exports its products and services to 100+ countries including some key geographies such as the United States, Saudi Arabia, the Netherlands, Brazil, Korea, United Arab Emirates, Australia, and Bangladesh.
Geographical Revenue Bifurcation - Q2FY25
Domestic - 48%
Exports - 52%
Export Revenue Bifurcation
North America: 37%
Europe: 18%
South America: 14%
Other Regions: 31%
Customers served Co. supplied its equipment and systems to 1,255 domestic and 254 international customers in our three business segments over the last three years.
User Industries Industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.
Clientelle Air Liquide Global E&C Solutions India Private Limited, Caribbean LNG Inc, 2G Energy Inc, ISRO, Hyundai Engineering and Construction Co Ltd, etc.
Strong Order Book
Highest Ever Order Backlog: ₹1,178 Cr as of Q2 FY25, reflecting a 13.6% YoY increase.
Division-wise Order Distribution:
- Industrial Gas: 54%
- LNG: 25%
- Cryo Scientific: 21%
Export Contribution: 53% of the orders are export-driven.
Source: Screener.in
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