INOX India shares surged 3.19% to ₹1,864 on Wednesday, July 8, following the company's announcement of securing multiple orders worth ₹939 crore since May 21, 2026 across its businesses. The stock touched an intraday high of ₹1,908 during early afternoon trading, demonstrating strong investor confidence in the company's order book expansion. The standout achievement was a 'Mega' order in the Industrial Gas segment from the space exploration industry, which significantly boosted the company's order book. According to The Hindu BusinessLine, the stock has gained over 67% year-to-date and trades at a trailing P/E of 63.58, with the company's market capitalisation at approximately ₹16,926 crore.
As reported by The Hindu BusinessLine, the company secured multiple orders across several business segments including ₹871 crore in the Industrial Gas segment, ₹44 crore in the LNG segment, ₹16 crore in the Cryo-scientific Solutions segment and ₹8 crore for Beverage Kegs. The 'mega' category order in the Industrial Gas business fuelled the overall order book during the period under review. The company also received multiple smaller orders for disposable cylinders, liquid cylinders, transport tanks, and vaporizers during the period. According to the company's order classification framework, orders valued between ₹10 crore and ₹30 crore are classified as 'Minor', ₹30 crore to ₹60 crore as 'Large', ₹60 crore to ₹100 crore as 'Significant', ₹100 crore to ₹150 crore as 'Major', while orders exceeding ₹150 crore are categorised as 'Mega'. The orders span the Industrial Gas, LNG and Cryo-scientific Solutions businesses, reinforcing the company's position in the global cryogenic solutions market with customers across India and overseas.
The company secured a 'mega' order from the space exploration industry in the Industrial Gas segment, which was the primary driver of the order inflow. Additionally, INOX India received a 'Minor' order from ITER, the international nuclear fusion project, further strengthening its position in advanced cryogenic systems. The LNG segment orders included multiple contracts for storage tanks, dispensers, semi-trailers and LNG fuelling station equipment, demonstrating the company's comprehensive capabilities across different cryogenic applications. According to The Hindu BusinessLine, the company operates across India, Brazil, and Europe, serving customers in over 100 countries, with INOX India manufacturing cryogenic storage, re-gas, and distribution systems for LNG, industrial gases, liquid hydrogen, and cryo-scientific use cases.
Commenting on the development, Deepak Acharya, chief executive officer of INOX India, stated that the latest orders reflect growing global adoption of cryogenic technologies for advanced applications, particularly in the space sector. As reported by The Hindu BusinessLine, Acharya noted that the company remains focused on engineering and execution as it continues to expand its presence across geographies and end-use sectors. He emphasized that the company is witnessing strong momentum in the adoption of cryogenic technologies for increasingly sophisticated applications, particularly in the space sector. Acharya emphasized the company's commitment to delivering world-class cryogenic solutions that enable critical industries and support customers' evolving ambitions worldwide.
On a consolidated basis, as reported by Business Standard, Inox India's net profit rose 14.85% to ₹75.24 crore while net sales rose 24.70% to ₹460.65 crore in Q4 March 2026 over Q4 March 2025. The latest order update shows that the orders surpass the company's topline revenue of ₹460.65 crore from core operations for Q4 2025-26. According to The Hindu BusinessLine, the stock has risen more than 13% in the past one-month period, though it has lost 0.6% in the last five trading sessions. The shares surged to their 52-week high of ₹2,099 on June 23, 2026, while the 52-week low was at ₹1,065 on August 18, 2026.
