In this episode, we break down INOX India, a unique business with strong entry barriers and market leadership.

We explore how the company operates in the cryogenic equipment space, enabling the entire industrial gas ecosystem — from storage to transportation.

We also discuss its strong financials, high return ratios, and why this business is difficult to replicate.

Along with this, we cover key growth drivers like LNG, semiconductors, and space applications, and understand the risks and opportunities ahead.