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INOX AIR PRODUCTS PRIVATE LIMITED

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Updated: 01 Mar 2026

INOX Air Products Private Limited is a leading manufacturer and supplier in the industrial gases sector, operating primarily in India. The company provides a comprehensive range of gases, including oxygen, nitrogen, argon, and hydrogen, serving industries such as healthcare, metallurgy, food processing, and electronics, and focuses on delivering innovative solutions for various applications.

Inox Air Products Private Limited, is an unlisted private company incorporated on 04 April, 1963. It is classified as a private limited company and is located in , Maharashtra. It's authorized share capital is INR 46.00 cr and the total paid-up capital is INR 10.34 cr.

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Subscription Plans
Industry and products
Manufacturing (Chemicals and chemical products)
  • helium, nitrogen, carbon dioxide, argon, oxygen, hydrogen etc
Company size
Auth Capital
₹ 46.0 Cr
Paidup Capital
₹ 10.3 Cr
Revenue
₹ 3000-3250 cr
# Key metrics of Inox Air Products - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 46.0 Cr | | | Paidup Capital | ₹ 10.3 Cr | | | Revenue | ₹ 3000-3250 cr | | | Total Revenue | ₹3,050.3 | 9.94% | | EBITDA | ₹1,258.8 | 9.81% | | Net Profit | ₹880.6 | 15.04% | | Networth | ₹6,338.9 | 15.86% | | Borrowings | ₹1,694.3 | 14.83% | | Assets | ₹9,344.7 | 17.12% | | Gross Margin | 93.8% | 1.38 | | Operating Margin | 45.1% | 0.86 | | Net Profit Margin | 28.9% | 1.28 | | Return on Equity | 13.9% | -0.1 | | ROCE | 14.2% | -1.24 | | Debt to Equity | 0.3 | 0.0 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
9.94%
₹ 3,050.3
EBITDA
9.81%
₹ 1,258.8
Net Profit
15.04%
₹ 880.6
Networth
15.86%
₹ 6,338.9
Borrowings
14.83%
₹ 1,694.3
Assets
17.12%
₹ 9,344.7
Gross Margin
1.38
93.8 %
Operating Margin
0.86
45.1 %
Net Profit Margin
1.28
28.9 %
Return on Equity
-0.1
13.9 %
ROCE
-1.24
14.2 %
Debt to Equity
-
0.3
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (64)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Director Subodh Kumar Jain 00031010 50 years
Director Pavan Jain 00030098 21 years
Managing Director Siddharth Jain 00030202 18 years
Director Juan Miguel Gonzalez Barboteo 09765133 3 years
Nominee Director Melissa Schaeffer 09248793 5 years
Director Ahmed Hababou 10208799 3 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 1,757.4 2,090.4 2,191.8 2,589.9 2,789.8
Operating profit 835.3 1,047.9 996.3 1,146.3 1,258.8
Net profit 480.6 725.9 670.4 765.4 880.6
Gross margin 93.8 94.0 91.8 92.4 93.8
Operating margin 47.5 50.1 45.5 44.3 45.1
Net margin 26.2 32.3 28.5 27.6 28.9
Networth 3,344.8 4,055.9 4,717.7 5,471.2 6,338.9
Borrowings 518.9 865.2 838.7 1,475.5 1,694.3
Assets 4,692.3 5,607.3 6,346.4 7,979.1 9,344.7
Debt to equity 0.2 0.2 0.2 0.3 0.3
Current ratio 3.2 1.9 1.9 2.6 2.0
ROE 14.4 17.9 14.2 14.0 13.9
Days payable 226.0 220.0 180.0 185.0 232.0
WC days 200.0 99.0 107.0 184.0 138.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10.3 10.3 10.3 10.3 10.3
Reserves 3,334.5 4,045.5 4,707.4 5,460.9 6,328.6
Borrowings + 518.9 865.2 838.7 1,475.5 1,694.3
Long term borrowings 518.9 513.3 470.3 1,189.9 1,327.4
Short term borrowings - 351.9 368.4 285.6 366.9
Trade payables + 67.2 75.8 88.8 100.3 110.9
Days payable 226.0 220.0 180.0 185.0 232.0
Other liabilities + 761.4 610.5 701.2 932.0 1,200.6
Other non-current liabilities 396.1 412.0 452.5 525.2 626.5
Other current liabilities 365.3 198.5 248.7 406.9 574.1
Total liabilities 4,692.3 5,607.3 6,346.4 7,979.1 9,344.7
Fixed Assets + 2,888.4 3,267.0 3,757.1 4,613.3 5,944.6
Tangible assets 2,865.6 2,765.8 3,230.1 3,837.0 5,137.5
CWIP 21.2 500.2 525.7 773.3 804.2
Intangible assets 1.6 1.0 1.4 2.9 2.9
LT loans and advances 33.3 30.9 30.6 0.5 0.6
Other non-current assets 373.9 1,118.8 1,212.3 1,265.2 1,294.6
Current assets + 1,396.8 1,190.6 1,346.3 2,100.0 2,105.0
Inventories 87.3 98.8 110.5 125.3 145.5
Trade receivables 218.1 212.7 239.4 267.5 334.9
Cash and cash equivalents 55.1 4.2 9.4 31.3 42.3
ST loans and advances 0.8 0.8 0.8 1.2 1.3
Other current assets 1,035.5 874.2 986.2 1,674.9 1,581.0
Total assets 4,692.3 5,607.3 6,346.4 7,979.1 9,344.7
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 1,757.4 2,090.4 2,191.8 2,589.9 2,789.8
Sales growth % 12.63 18.95 4.85 18.16 7.72
Expenses + 1,196.3 1,289.2 1,458.1 1,756.0 1,895.2
Cost of goods 108.8 125.8 180.5 197.5 174.3
Employee cost 145.6 161.3 169.9 216.5 220.7
Other costs 667.7 755.4 845.1 1,029.6 1,136.1
Operating profit + 835.3 1,047.9 996.3 1,146.3 1,258.8
Operating margin % 47.5 50.1 45.5 44.3 45.1
Other income 77.4 159.3 158.5 184.6 260.5
Interest 71.4 54.6 61.4 80.9 100.1
Depreciation 202.9 192.0 201.2 231.4 264.1
Exceptional items - - - - -
Profit before tax 638.5 960.6 892.2 1,018.5 1,155.1
Tax 157.8 234.7 221.8 253.1 274.6
Profit - disc. ops - - - - -
Net profit 480.6 725.9 670.4 765.4 880.6
Net margin % 26.2 32.3 28.5 27.6 28.9
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 0.2 0.2 0.2 0.3 0.3
Net Debt/Equity 0.1 0.2 0.2 0.3 0.3
Total Debt/Assets 0.1 0.1 0.1 0.2 0.2
Total Assets/Equity 1.4 1.4 1.4 1.5 1.5
Liquidity +
Current Ratio 3.2 1.9 1.9 2.6 2.0
Quick Ratio 3.0 1.7 1.8 2.5 1.9
Interest Coverage 11.7 19.2 16.2 14.2 12.6
Performance
Gross Margin 93.8 94.0 91.8 92.4 93.8
Operating Margin 47.5 50.1 45.5 44.3 45.1
Net Margin 26.2 32.3 28.5 27.6 28.9
Return +
Return on Equity 14.4 17.9 14.2 14.0 13.9
Pre-tax ROCE 16.4 22.3 18.1 15.4 14.2
Return on Assets 10.2 12.9 10.6 9.6 9.4
Pre-tax ROIC 16.6 17.4 14.3 13.2 12.4
Efficiency +
Days Payable 226.0 220.0 180.0 185.0 232.0
Days Inventory 293.0 287.0 223.0 231.0 305.0
Days Receivable 45.0 37.0 40.0 38.0 44.0
Fixed Asset Turnover 0.6 0.6 0.6 0.6 0.5
Total Asset Turnover 0.4 0.4 0.3 0.3 0.3
Working Capital
Cash Conversion Cycle 112.0 104.0 83.0 84.0 117.0
Working Capital Days 200.0 99.0 107.0 184.0 138.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Axis Bank Limited

No. of Loans: 2

Total Amount : 850.0 cr

2

HDFC Bank Limited

No. of Loans: 2

Total Amount : 750.0 cr

3

CitiBank N.A.

No. of Loans: 1

Total Amount : 200.0 cr

4

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 200.0 cr

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Charges

Axis Bank Limited
HDFC Bank Limited
CitiBank N.A.
Kotak Mahindra Bank Limited

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
INOX CHEMICALS PRIVATE LIMITED
Converted to LLP and Dissolved
4.0 L 3 Delhi
FAME INDIA LIMITED
Amalgamated
55.3 Cr 1 Maharashtra
INOX INDIA LIMITED
Active
18.2 Cr 2 Gujarat
INOX RENEWABLES LIMITED
Amalgamated
3.4 Cr 1 Gujarat
SIDDHO MAL TRADING PRIVATE LIMITED
Converted to LLP and Dissolved
4.0 L 2 Delhi
REFRON CYLINDERS LIMITED
Amalgamated
1.9 Cr 2 Maharashtra
N. K. PATNI CHARITABLE FOUNDATION
Active
0.0 1 Maharashtra
DEVANSH TRADEMART PRIVATE LIMITED
Converted to LLP and Dissolved
14.6 L 2 Delhi
SIDDHAPAVAN TRADING PRIVATE LIMITED
Converted to LLP and Dissolved
15.8 L 3 Delhi
INOX INTERNATIONAL PRIVATE LIMITED
Strike Off
5.0 L 1 Delhi
INOX CHEMICALS LLP
Active
8.6 Cr 2 Maharashtra
INOX INFRASTRUCTURE LIMITED
Active
50.0 Cr 2 Maharashtra
SIDDHO MAL TRADING LLP
Active
7.3 Cr 2 Maharashtra
GFL LIMITED
Active
11.0 Cr 2 Maharashtra
INOX INDIA LIMITED
Active
18.2 Cr 2 Gujarat
PVR INOX LIMITED
Active
98.2 Cr 2 Maharashtra
INOX LEISURE LIMITED
Amalgamated
122.3 Cr 2 Maharashtra
INOX CONSUMER PRODUCTS PRIVATE LIMITED
Strike Off
50.0 L 1 Delhi
KINGSTON SMITH INOX - DC OUTSOURCING PRI VATE LIMITED
Strike Off
1.5 Cr 1 Delhi
PRIME SKYLINE DEVELOPERS PRIVATE LIMITED
Amalgamated
0.0 1 Maharashtra
MEGNASOLACE CITY PRIVATE LIMITED
Active
5.8 Cr 1 Maharashtra
PHD CHAMBER OF COMMERCE AND INDUSTRY
Active
0.0 1 Delhi
SMS NATURAL RESOURCES PRIVATE LIMITED
Strike Off
2.8 L 1 Delhi
WEST ASIA GAS ENTERPRISES PRIVATE LIMITED
Strike Off
4.0 L 1 Delhi
SITASHRI TRADING AND FINANCE PRIVATE LIMITED.
Active
19.0 L 1 Delhi
NIRYAT SAM APPARELS INDIA LIMITED
Active
29.5 Cr 1 Delhi
SIDDHOMAL AIR PRODUCTS PRIVATE LIMITED
Active
4.0 L 1 Delhi
SOUTH ASIA GAS ENTERPRISE PRIVATE LIMITED
Active
76.5 Cr 1 Delhi
PRODAIR AIR PRODUCTS INDIA PRIVATE LIMITED
Active
6.2 Cr 1 Maharashtra

Tofler Score

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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • CASH DETERIORATING
Low Risk
  • HIGH INVENTORY
  • ROCE DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U24999MH1963PTC012625

PAN

AAACI5569D

Incorporation

1963, 63.0 years

Company Email

vishalshah[dot]madhukant[at]inoxap[dot]com

Paid up Capital

₹ 10.3 Cr

Authorised Capital

₹ 46.0 Cr

AGM

Sep 2024

Type

Private
Others

FAQ - INOX AIR PRODUCTS PRIVATE LIMITED

What is the incorporation date of INOX AIR PRODUCTS PRIVATE LIMITED?

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The incorporation date of INOX AIR PRODUCTS PRIVATE LIMITED is 04 April, 1963

What is the authorized share capital of INOX AIR PRODUCTS PRIVATE LIMITED?

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The authorized share capital of INOX AIR PRODUCTS PRIVATE LIMITED is INR ₹ 46.0 Cr.

What is the paid-up capital of INOX AIR PRODUCTS PRIVATE LIMITED?

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The paid-up capital of INOX AIR PRODUCTS PRIVATE LIMITED is INR ₹ 10.3 Cr.

What is the registered address of INOX AIR PRODUCTS PRIVATE LIMITED?

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The registered address of INOX AIR PRODUCTS PRIVATE LIMITED is A - 2 TTC Industrial Area, Off Thane Belapur Road Pawane, Thane, Navi Mumbai, Maharashtra, India, 400710 - 400710

What is the CIN number of INOX AIR PRODUCTS PRIVATE LIMITED?

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The CIN number of INOX AIR PRODUCTS PRIVATE LIMITED is U24999MH1963PTC012625.

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