INOX India Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an INOX India target price for 2027 should start with where the stock sits today. At Rs 2,058.50 on 9 October 2026, it is 12.0% below its 52-week high of Rs 2,339.50 and 92.7% above its 52-week low of Rs 1,068.20. That range spans 119% from low to high, so the entry point matters as much as the INOX India price forecast itself.

This article builds the INOX India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 2,339 base case and the Rs 2,831 bull case were reached, along with a downside risk level of Rs 1,631.

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INOX India Stock Analysis: Company Overview and Key Stats

INOX India (NSE: INOXINDIA) has a market capitalisation of Rs 18,509 crore. In FY26 it reported revenue of Rs 1,632 crore and net profit of Rs 257.89 crore. The table collects the figures the INOX India share price target is built on.

Metric	Value
Company	INOX India
NSE Ticker	INOXINDIA
CMP (9 October 2026)	Rs 2,058.50
52-Week High	Rs 2,339.50
52-Week Low	Rs 1,068.20
Market Cap	Rs 18,509 crore
PE Ratio (TTM)	72.62
Industry PE	22.99
Price to Book	16.56
Return on Equity	23.07%
Debt to Equity	0.07
EPS (TTM)	Rs 28.08
Dividend Yield	0.10%
12-Month Base Target	Rs 2,339
Bull Case	Rs 2,831
Downside Risk Level (not a target)	Rs 1,631

Why Is INOX India Share Price Target Set at Rs 2,339 for 2027?

The base-case INOX India stock target of Rs 2,339 applies a PE multiple of 72.62 to a forward EPS estimate of Rs 32.21. That EPS assumes 14.7% yearly growth, the pace from FY24 to FY26, and puts the target 13.6% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the INOX India Target Price: Five Years of Results

INOX India grew revenue from Rs 803.71 crore in FY22 to Rs 1,632 crore in FY26, a compound annual growth rate of 19.4%. Net profit grew more slowly, from Rs 130.50 crore to Rs 257.89 crore (18.6% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	803.71	130.50	14.38	1.50
FY23	986.08	154.74	17.05	11.50
FY24	1,164.65	196.00	21.53	11.00
FY25	1,346.66	226.03	24.83	2.00
FY26	1,632.25	257.89	28.33	2.00

FY26 revenue growth was 21.2%, close to the four-year average of 19.4%, and net profit moved up 14.1%. EPS rose from Rs 21.53 in FY24 to Rs 28.33 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

INOX India converted 15.8% of FY26 revenue into net profit, against 16.8% in FY25, within a five-year range of 15.7% to 16.8%. EBITDA margin was 23.6% in FY26 versus 24.7% in FY25.

In the June 2026 quarter, revenue was Rs 381.60 crore, up 8.3% from the same quarter a year earlier, while net profit of Rs 58.07 crore was down 5.0%. EBITDA came in at Rs 86.68 crore, down 2.4% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.07, and shareholders' equity grew from Rs 502.28 crore in FY22 to Rs 1,118 crore in FY26. Operating cash flow in FY26 was Rs 116.65 crore against capital expenditure of Rs 105.92 crore, leaving free cash flow of Rs 10.73 crore, or 0.1% of the current market capitalisation. In FY25 free cash flow was negative at Rs 3.07 crore, so cash generation has not been steady year to year.

Valuation Check for the INOX India Stock Target: PE, Price to Book and ROE

At a PE of 72.62 against an industry PE of 22.99, INOX India trades at a premium to its industry. Price to book is 16.56 on a book value of Rs 123.13 per share, and return on equity is 23.07%. A PE of 72.62 equals an earnings yield of 1.4%, and the FY26 dividend of Rs 2.00 per share gives a yield of 0.10%.

Shareholding Pattern and Institutional Holding

Promoters held 74.86% of INOX India in June 2026, and promoter holding has stayed near 74.86% since June 2025. Foreign institutional investors (FII) held 6.87% and domestic institutions (DII) held 7.67%, which puts total institutional holding at 14.54%. FII holding has stayed near 6.87% since June 2025. Public shareholders own the remaining 10.60%.

INOX India Share Price Targets for the Short Term and 12 Months

Short Term INOX India Stock Target Levels: Technical Setup

At Rs 2,058.50 on 9 October 2026, INOX India trades above its 50-day simple moving average of Rs 2,047.00 and above its 200-day exponential moving average of Rs 1,694.69. The 14-day RSI reads 47.6, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 2,339.50 (52-week high) and the nearest support is Rs 2,047.00 (50-day simple moving average). A sustained move above Rs 2,339.50 would improve the short-term setup, while a close below Rs 2,047.00 would shift attention to the next support.

12 Month INOX India Target Price for 2027

The 12-month target for INOX India is Rs 2,339: forward EPS of Rs 32.21 at a PE of 72.62. That is 13.6% above Rs 2,058.50. It would still leave the stock 0.0% below its 52-week high of Rs 2,339.50.

How EPS Growth and PE Multiple Change the INOX India Target Price

EPS Growth	PE 58.10	PE 72.62	PE 83.51
0.0% (EPS Rs 28.08)	Rs 1,631	Rs 2,039	Rs 2,345
14.7% (EPS Rs 32.21)	Rs 1,871	Rs 2,339	Rs 2,690
20.7% (EPS Rs 33.90)	Rs 1,970	Rs 2,462	Rs 2,831

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the INOX India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for INOX India Stock Target in 2027

Bull Case Rs 2,831

The bull case INOX India price target needs EPS growth of 20.7%, which lifts forward EPS to Rs 33.90, and a PE multiple that rises 15% to 83.51. That gives Rs 2,831, 37.5% above the current price and above the 52-week high of Rs 2,339.50, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 1,631

The downside risk level is not a target. It assumes EPS stays flat at Rs 28.08 and the PE falls 20% to 58.10. That gives Rs 1,631, 20.8% below the current price and above the 52-week low of Rs 1,068.20.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	20.7%	83.51	Rs 2,831	+37.5%
Base Case	14.7%	72.62	Rs 2,339	+13.6%
Downside Risk	0.0%	58.10	Rs 1,631	-20.8%

Key Risks to the INOX India Target Price for 2027

Growth Slowdown Risk for the INOX India Price Target

Revenue in the June 2026 quarter was up 8.3% year on year, and FY26 revenue growth was 21.2%. If growth slows from here, the EPS estimate behind the INOX India stock target will need revising.

Liquidity and Size Risk

INOX India has a market capitalisation of Rs 18,509 crore. Institutional holding is 14.54%, and promoters hold 74.86%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.

Valuation and Margin Risk

Net margin was 15.8% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 72.62 versus an industry PE of 22.99, a de-rating toward the downside-risk PE of 58.10 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 12.0% below its 52-week high, with an RSI of 47.6 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in INOX India

Start with the live price and volume. Any INOX India share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 2,058.50 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check INOX India's PE, ROE, debt and shareholding in one place.

Check INOX India fundamentals on the Univest Screener

Then compare the three INOX India target price scenarios with your own view. If you expect EPS growth below 14.7%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track INOX India live price and get daily stock recommendations.

Conclusion

The INOX India share price target for 2027 is Rs 2,339 in the base case, with Rs 2,831 as the bull case. The support for that view is arithmetic you can check: EPS grew 14.7% a year over FY24 to FY26, and the stock trades at a PE of 72.62. The risks are equally concrete, including a stock that sits 12.0% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on INOX India Share Price Target 2027

What is the INOX India share price target for 2027?

Ans. The base-case INOX India share price target for 2027 is Rs 2,339, with Rs 2,831 as the bull case. The downside risk level, which is not a target, is Rs 1,631. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the INOX India share price today?

Ans. As of 9 October 2026, 3:29 PM IST, INOX India trades at Rs 2,058.50, up 0.94% on the day. The 52-week range is Rs 1,068.20 to Rs 2,339.50.

Is INOX India a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 14.7% a year over FY24 to FY26, but the stock is 12.0% below its 52-week high. Whether INOX India fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for INOX India shares?

Ans. The bull case target is Rs 2,831, which assumes 20.7% EPS growth and a PE of 83.51. The downside risk level is Rs 1,631, which assumes flat EPS and a PE of 58.10. It marks a risk, not a target.

What are the main risks to the INOX India price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 18,509 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of INOX India and how does it compare with the industry?

Ans. The PE ratio of INOX India is 72.62 against an industry PE of 22.99. Price to book is 16.56 and return on equity is 23.07%. The base case in the INOX India price target holds this PE constant.

Who owns INOX India, and what is the promoter holding?

Ans. Promoters held 74.86% of INOX India in June 2026. FII held 6.87%, DII held 7.67% and the public held 10.60%.

What were INOX India's latest quarterly results?

Ans. In the June 2026 quarter, INOX India reported revenue of Rs 381.60 crore (up 8.3% year on year) and net profit of Rs 58.07 crore (down 5.0%).