Working capital drag from project orders
Project orders now constitute >60% of order book, leading to higher contract assets and lower operating cash flow conversion.
medium · analyst_questionINOX India Limited — Q4 FY26
INOX India delivered a strong FY26 with revenue of ₹1,632 crore (+21.2% YoY) and EBITDA margin of 23.8%, driven by record LNG segment sales, a landmark aerospace order worth ₹20...
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Lumpy order execution in LNG segment
LNG business is project-based with lumpy orders; quarterly revenue can vary significantly.
medium · management_commentaryGeopolitical and tariff headwinds
West Asian conflict and US tariffs pose risks to exports and supply chains, though management believes diversified geographies mitigate impact.
low · management_commentarySlow adoption of LNG trucks in India
Near-term challenges in LNG truck adoption may delay fuel tank orders, though long-term outlook remains positive.
low · management_commentary