INNOKAIZ INDIA financials

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Mkt cap: ₹19 Cr
P/B: 0.4×
Revenue growth: −90.3%
Operating margin: -11.7%

Quarterly results

₹ cr · Quarterly

Line item	Q1 FY23	Q2 FY23	Q4 FY23	Q2 FY24	Q4 FY24	Q2 FY25	Q4 FY25	Q2 FY26
Revenue	85	147	76	57	20-76%	6-96%	4-95%	6-90%
EBITDA	4	7	5	4	0-90%	-1-108%	-3-164%	-1-124%
Margin	5%	5%	6%	6%	2%	-10%	-79%	-15%
Net profit	3	5	4	2	-0-113%	-1-116%	-3-188%	-2-170%
EPS	3.86	6.95	4.85	2.42	-0.36	-0.84	-3.14	-1.70

₹ crore. Year-on-year against the same quarter last year.

Performance−1.5% 1Y

Income Statement

Financial Trajectories

Quarterly

Balance Sheet

₹ Cr · Annual

Line item	FY20	FY21	FY22	FY23	FY24	FY25	FY26
LiabilitiesEquity Capital	0	0	0	8	10	10	10
Reserves	5	11	18	20	38	34	32
Borrowings	1	1	1	1	19	20	16
Other Liabilities	19	27	30	28	17	22	23
Total Liabilities	26	39	50	56	84	86	81
AssetsFixed Assets	0	3	4	4	23	24	1
CWIP	0	0	0	0	0	0	0
Investments	0	0	0	0	3	3	26
Other Assets	26	36	46	52	58	59	55
Total Assets	26	39	50	56	84	86	81

Cash Flow

₹ Cr · Annual

Line item	FY20	FY21	FY22	FY23	FY24	FY25
ActivitiesCash from Operating	7	1	3	-1	-15	-1
Cash from Investing	0	-3	-1	-0	-21	-2
Cash from Financing	1	-0	0	-1	35	1
SummaryCapital Expenditure	—	—	—	—	—	—
Free Cash Flow	7	1	2	-1	-17	-1
FCF Margin	—	—	—	—	—	—

Ratios

Annual

Ratio	FY20	FY21	FY22	FY23	FY24	FY25	YoY	3-yr
Returns	—	79%	70%	52%	9%	—	−42.3 pp	Worsening
Leverage	0.20×	0.10×	0.07×	0.02×	0.39×	0.45×	+0.06×	Worsening
Working capital	18	35	27	38	17	236	+219 d	Worsening
	—	—	—	—	—	385
	—	—	—	—	—	2990
	18	35	27	38	17	-2369	−2386 d	Improving
	-8	3	9	28	157	1126	+969 d	Worsening
Payout	0%	0%	0%	0%	0%	0%	0.0 pp

Margins, returns, leverage and efficiency are computed from the filed statements (year-end balances). Working-capital days and payout are as published by Screener — receivables and inventory sit inside other assets in our statements. 3-yr compares the latest year with three years earlier; small moves read as stable.

Shareholding

Who owns INNOKAIZ INDIA LIMITED

As of Mar 2026 · 693 shareholders

The ownership split has held steady since Mar 2025. The shareholder count shrank 11% to 693.

Ownership split

72.0%

28.0%

Promoters: 71.99%; 0.00 pp QoQ0.00 pp since Mar '25
Public: 28.00%; −0.01 pp QoQ−0.01 pp since Mar '25

Ownership drift

Last 6 disclosures on record

Promoters
Public

Percentages are as disclosed in the company's shareholding pattern filings. Named holders appear only above SEBI's 1% disclosure threshold, so a holder dropping off the list may have trimmed to just under 1% — or been re-filed under a new name — rather than exited.

Cyclical, with too little history

This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.

INNOKAIZ · CYCLICAL_UNMODELABLE

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