Inox India Limited · NSE:INOXINDIA
Inox India — Q4 FY26 Earnings Presentation
43 slides from Inox India's earnings presentation, May 12, 2026
Slide 1: INOX CVA Regulation 30 Investor Presentation Filing
® INOX CVA HISTORICALLY FUTURISTIC IIL:SEC:SE:lNTM : 2 3 0 Date: 12th May, 2 0 26 Corporate Relations Department The Manager Listing Department BSE Limited National Stock Exchange of India Ltd I" Floor, New Trading Ring Excha nge Plaza, C-I, Block G, Rotunda Building, P J Towers Ba ndra - Kurla Comp
Slide 2: Investor Presentation Q4FY26
www.inoxcva.com INVESTOR PRESENTATION Q4FY2 6 Investor Presentation Q4FY26 INOX India Ltd 12th May 2026
Slide 3: Summary
INVESTOR PRESENTATION Q4 FY26 SUMMARY • INOX India – In a Nutshell • Key Highlights – Q4FY26 • Growth Drivers • Financial Performance • Profit & Loss • Balance Sheet • Shareholder information • Growth Story of INOX India 1
Slide 4: INOX India - In a Nutshell
INVESTOR INOX India - In a Nutshell PRESENTATION Q4 FY26 Business Divisions World's leading provider of customized cryogenic equipment Over 30 years of experience in design, manufacturing and installation of cryogenic equipment Global customer base across 100+ countries Industrial Gases Large-scale
Slide 5: Key Highlights – Q4 FY26
INVESTOR PRESENTATION Q4 FY26 KEY HIGHLIGHTS – Q4 F Y26 Dispatched 1 st lot of tanks of 1500 M 3 for Received order for Marine fuel tank from High Value Order received from US Mini LNG Terminal of The Bahamas Project Cochin Shipyard for its 1 st order of LNG Ships space company for large size tanks
Slide 6: Growth Drivers at INOX India
INVESTOR PRESENTATION Q4 FY26 Growth Drivers at INOX India 4
Slide 7: The Business Case for Cryogenic Hydrogen is Heating Up
INVESTOR PRESENTATION Q4 FY26 The Business Case for Cryogenic Hydrogen is Heating Up Soaring Demand Infrastructure Gap Hydrogen demand projected to exceed Supply chains require investment in 6 million tons per annum by 2030 cryogenic tanks, trailers, and terminals — especially for port - based hydro
Slide 8: Why the World is Choosing LNG
INVESTOR PRESENTATION Q4 FY26 WhyWHY THE isWORLD the World choosingIS CHOOSING LNG LNG CHEAPER REDUCES EMISSIONS Persistent LNG – diesel price spreads Produces roughly 25 – 30% less CO ₂ have made LNG a very competitive per unit of energy compared to oil - alternative in industrial boilers, power ba
Slide 9: Small-Scale LNG: Big Drivers. Bigger Potential
INVESTOR PRESENTATION Q4 FY26 Small - Scale LNG: Big Drivers. Bigger Potential The 100 MTPA global potential in small - scale Rapid adoption in LNG demand underpins a fast - growing market, valued at off- grid power, industrial clusters, remote $10 billion in 2023 and projected to reach $16 billion t
Slide 10: Mini-LNG Terminals, Mega Potential
INVESTOR PRESENTATION Q4 FY26 Mini - LNG Terminals, Mega Potential Mini - LNG Terminals: Game Changer for Islands’ Energy Island nations face Electricity generation on Island nations extreme electricity costs islands can cost 10 times face di fficulties in due to fossil fuel imports, more than on main
Slide 11: Powering the Next Wave of Clean Mobility: LNG Cryogenic Fuel Tanks
INVESTOR PRESENTATION Q4 FY26 Powering the Next Wave of Clean Mobility LNG Cryogenic Fuel Tanks Policy push: MoPNG PNGRB roadmap Strong demand outlook targets 1,000 LNG identi fies LNG as key to from trucking, mining, fuel stations across decarbonizing heavy - and intercity logistics India duty trans
Slide 12: INOXCVA's Role Across the LNG Value Chain
INVESTOR PRESENTATION Q4 FY26 INOXCVA’S Role Across the LNG Value Chain LNG Fuelled Ferry LNG Fueled Bulk Carrier Small LNG Carrier Mini LNG Terminal LNG Mining Truck LNG LNG Fuel Tank for Trucks LNG Satellite Station LNG Bunkering Station LNG IMO Tank LNG Storage & LNG Rail Locomotive/Rail Car Trai
Slide 13: The Fusion Future: Unleashing Opportunity with ITER & beyond
INVESTOR PRESENTATION Q4 FY26 The Fusion Future Unleashing Opportunity with ITER & beyond ITER: Cryogenic Fusion ecosystem Public projects like ITER, operations ramping up , Collaboration potential developing globally with DEMO, SPARC and 40+ with ITER Domestic ITER as a benchmark: DEMO fusion start
Slide 14: INOXCVA's Role in Powering ISRO's Space Mission
INVESTOR PRESENTATION INOXCVA’s Role in Powering ISRO’s Space Mission Q4 FY26 • Umbilical Tower • Vacuum System • Nitrogen Supply • Liquid Hydrogen Systems (NSS) Filling System (LHFS) • Liquid Oxygen Filling System (LOFS) Solutions for Launchpad for rockets & payloads Solutions for Testing • Electri
Slide 15: INOXCVA | Growing at the Pace of Clean Energy
INVESTOR PRESENTATION Q4 FY26 INOXCVA | Growing at the Pace of Clean Energy Propelling Green & Clean Energy Future INOX HYDROGEN LNG FUSION The world is shifting to Hydrogen INOX is shaping Helping harness INOX did it in 1999 The Future of LNG as Fuel Fusion’s true potential Offers end - to- end sol
Slide 16: Financial Performance
INVESTOR PRESENTATION Q4 FY26 Financial Performance 14
Slide 17: Key Highlights - Financial
INVESTOR PRESENTATION Q4 FY26 KEY HIGHLIGHTS - FINANCIAL CONSOLIDATED FY26 FY26 Q4FY26 Highest ever Highest ever Highest Revenue ₹ 1632 Cr LNG Segment Revenue *EBITDA ₹ 388Cr Revenue ₹ 457 Cr ₹ 475 Cr Q4FY26 Q4FY26 Highest Highest Export Revenue Order Booking ₹ 291 Cr ₹ 504 Cr * Adjusted EBITDA 15
Slide 18: Consolidated – Key Result Highlights
INVESTOR PRESENTATION Q4 FY26 CONSOLIDATED – KEY RESU LT HIGHLIGHTS Q3 Q4 FY26 475 108 72 * Revenue includes Other Income (Interest etc.) Cr Cr Cr ** Adjusted EBITDA calculation EBITDA % Increase From Q4FY 25 ( YoY ) 24.2% 13.4% 9.0% Q4 FY26 Q4 FY25 383 Q4 Audited EBITDA 111 95 Exceptional Exp / (In
Slide 19: Segment Wise Revenue
INVESTOR PRESENTATION Q4 FY26 SEGMENT WISE REVENUE Consolidated Revenue – Q4 FY25 to Q4 FY26 (₹Cr) Segment wise,Year wise Revenue % % FY'24 FY'25 FY’2 6 Share 475 IG 63% 61% 54% 436 27 LNG 28% 17% 28% 13 383 56 CSD 7% 17% 14% 369 55 OTHER* 2% 5% 4% 21 352 15 18 63 49 % TOTAL 100% 100% 100% 67 107 15
Slide 20: Domestic - Export Revenue
INVESTOR PRESENTATION Q4 FY26 DOMESTIC - EXPORT REVENUE Consolidated Revenue – Q4 FY25 to Q4 FY26 (₹Cr) ) 475 436 291 383 369 271 352 205 211 198 EXPORT 53% 56% 61% 57% 62% DOMESTIC 178 165 184 154 158 47% 44% 43% 38% 39% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Note: - Previous Period figures have b
Slide 21: Segment Wise Order Backlog
INVESTOR PRESENTATION Q4 FY26 SEGMENT WISE ORDER BACKLOG Consolidated Order Backlog – Q4 FY2 5 to Q4 FY2 6 (₹Cr ) 1485 1514 1457 1457 25 1356 6 17 19 5 334 340 329 234 362 INDUSTRIAL GAS 454 422 Segment wise,Qtr.wise (QoQ,YoY ) Order Backlog % 486 469 446 % Share Q4 FY2 5 Q3 FY 26 Q4 FY 26 LNG IG 47
Slide 22: Domestic - Export Order Backlog
INVESTOR PRESENTATION Q4 FY26 DOMESTIC - EXPORT ORDER BACKLOG Consolidated Order Backlog – Q4 FY2 5 to Q4 FY2 6 (₹Cr ) 1485 1514 1457 1457 1356 934 960 918 918 874 EXPORT 64% 63% 63% 63% 63% DOMESTIC 539 551 539 554 482 36% 37% 37% 37% 37% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 20
Slide 23: Segment Wise Order Received
INVESTOR PRESENTATION Q4 FY26 SEGMENT WISE ORDER RECEIVED Consolidated Order Received – Q4 FY25 to Q4 FY26 (₹Cr ) 504 8 49 415 374 392 364 6 10 122 1 13 Segment wise Year wise % 38 146 60 69 INDUSTRIAL GAS 75 % Share FY’2 5 F Y’ 26 79 97 IG 54 % 56% LNG 85 LNG 32% 23% CSD 12% 19% CRYO - SCIENTIFIC 3
Slide 24: Domestic - Export Order Received
INVESTOR PRESENTATION Q4 FY26 DOMESTIC - EXPORT ORDER RECEIVED Consolidated Order Received – Q4 FY2 5 to Q4 FY2 6 (₹Cr ) 504 281 415 392 364 374 228 217 218 251 EXPORT 56% 55% DOMESTIC 58% 64% 60% 223 187 156 141 147 40% 45% 42% 36% 44% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 22
Slide 25: Consolidated Profit and Loss – Key Summary Figures (1/2)
PRESENTATION CONSOLIDATED PROFIT AND LOSS – KEY SUMMARY FIGURES PAGE (1/2) Q4 FY26 ➢ Total Income grown by 24.2% in this Qtr & 21.2% in full year. ➢ Act. EBITDA with O/Income & exceptional Income is 111 Cr agst 95 Cr YoY & adjusted EBITDA after adjusting exceptional items is 22.7% agst 24.8% YoY & 2
Slide 26: Consolidated Profit and Loss – Key Summary Figures (2/2)
INVESTOR CONSOLIDATED PROFIT AND LOSS – KEY SUMMARY FIGURES PAGE (2/2) PRESENTATION Q4 FY26 Remark for Q4FY’26 vs Q4FY’25 & FY26vs FY25 1. Growth in other income is only 11% in Q4 FY 26 against growth in revenue from operations of 24 .7%. 2. The Material cost is higher 43.9% in Q4FY26 against 40.9%
Slide 27: Consolidated Balance Sheet – Key Summary Figures
INVESTOR CONSOLIDATED BALANCE SHEET – KEY SUMMARY FIGURES PRESENTATION Q4 FY26 1. Net cash/bank balance is in line with March’25 , there is no increase during the year due to Capex paid 57 Cr & leased LNG Trailers - 50 Cr and increase in contract assets as per note 2 & note 4 below. 2. Increase in C
Slide 28: Shareholder Information
INVESTOR Shareholder Information PRESENTATION Q4 FY26 SHAREHOLDING PATTERN – 31st Mar 26 (IN %) NSE Ticker INOXINDIA BSE Ticker 544046 IPO Listing Date 21 Dec 2023 Mar Share Price (₹)^ 1,177.80 2026 Market Cap (₹ Mn)^ 106,647 % Free Float^ 25.00% Free float market cap (₹ Mn)^ 26,662 Shares outstandi
Slide 29: Growth Story of INOX India
INVESTOR PRESENTATION Q4 FY26 Growth Story of INOX India 27
Slide 30: Products Offerings
Industry leader in manufacturing a wide range and various kinds of INVESTOR PRESENTATION Cryogenic equipment Q4 FY26 Industrial Gas LNG Cryo Scientific Offerings Cryogenic tanks and systems for storage, and Standard and engineered equipment for LNG Equipment for technology intensive applications and
Slide 31: Snapshot
INVESTOR Collaboration, in - house technology, and engineering capabilities PRESENTATION have enabled INOX to earn brand value for its expertise in the entire Cryogenic value chain Q4 FY26 Manufactured and delivered an MRI cryostat for a GOI project ➢ Received approval for SS Keg from Heineken,
Slide 32: Focus on Product Development
INVESTOR Strong Product Development & Engineering Focus PRESENTATION Q4 FY26 Inhouse team with 450+ engineers provides the ability to develop new products and offer customized solutions Ability to provide customized solutions Installation of mini - LNG terminal in Scotland, UK and Antigua Focus on P
Slide 33: Integrated Facilities in India and Service Support Internationally
Supported by Integrated Facilities in India and Service Support INVESTOR PRESENTATION Internationally making it a ‘True - blue Indian Multinational’ Q4 FY26 Designed, Engineered and Made In Integrated Manufacturing facilities in the Making For The World India Indian Cryogenic Industry 5000+ customer
Slide 34: Product range with applications from deep in the earth to high up in space
Product range with applications from ‘deep in the earth’ to INVESTOR PRESENTATION ‘high up in space’ Q4 FY26 Oil & Gas, Refining & Petrochemicals | Shipping & Transportation | Construction & Cement | Cryo Scientific Research | Dairy & Livestock | Electronics | Fertilizers & Chemicals | Food & Bevera
Slide 35: Diversified Domestic and International Customer Base
Diversified Domestic and International Customer Base INVESTOR PRESENTATION across Industry Sectors Q4 FY26 Key Export Geographies – US, Europe, Saudi Industrial Arabia, Brazil, Korea, UAE, Australia and Bangladesh Gas Domestic Presence Export to Others Avg of last 4 years 26% International Presence
Slide 36: Helmed by Technocrat Promoters and Professional Management
INVESTOR Helmed by Technocrat Promoters and Professional Management PRESENTATION Q4 FY26 Mr. Pavan Jain Mr. Siddharth Jain Mr. Parag Kulkarni Chairman Director ED Bachelors’ degree in Chemical Engineering Bachelor’s degree of science in engineering from Bachelor’s degree in mechanical engineer
Slide 37: Made possible by the Exceptional Team driving INOX towards Excellence
INVESTOR Made possible by the Exceptional Team driving INOX towards Excellence PRESENTATION Q4 FY26 Deepak Acharya Pavan Logar Savir Julka Vijay Kalaria Sudhir Sethi Tushar Zope CEO CFO Global Marketing Global Marketing Chief People Officer & Chief Technology Head - IG Head - LNG Legal Head Officer
Slide 38: Resilient to Ride through the Sector's Growth Cycle
INVESTOR Resilient to Ride through the Sector’s Growth Cycle PRESENTATION Q4 FY26 Multiple Multiple Multiple A Good Geographies + Sectors + Products = Multiple Serving Diverse Wide Array Global Markets Industries from of Products • Europe • Steel to Space • Storage and Bulk Tanks • Vaporizers, Oil a
Slide 39: Key Strengths
INVESTOR Key Strengths PRESENTATION Q4 FY26 Leading Cryogenic Solutions Global Quality Standards Product Development and Provider Engineering Focus • Largest supplier of cryogenic • Multiple global approval and • Design, engineering capabilities equipment in India certifications developed indigenous
Slide 40: Growth Pillars & Vision
INVESTOR Growth Pillars & Vision PRESENTATION Q4 FY26 Growth Pillars Profitable Value Thought Market Resilient Manufacturing Portfolio Growth Creation leadership Leadership Revenues Infrastructure through by persistent by introducing via differentiated powered by a advancing comprehensive innovation
Slide 41: Safe Harbour
INVESTOR Safe Harbour PRESENTATION Q4 FY26 This presentation has been prepared by INOX India Limited solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, comp
Slide 42: Contact us
INVESTOR PRESENTATION Q4 FY26 Contact us INOX India LIMITED (ISIN: INE616N01034; NSE: INOXINDIA; BSE: 544046) REGISTERED & CORPORATE OFFICE: 9th Floor, K P Platina, Racecourse Vadodara - 390007, Gujarat, India www.inoxcva.com 40 ARUN PRAKASH & SUMIT KINIKAR Investor Relations E: sumit.kinikar@adfact
Slide 43: INOXCVA Historically Futuristic
INOKCVA HISTORICALLY FUTURISTIC AN INOX GROUP COMPANY at