MarketFriction

India Nippon Electricals Ltd

NSE INDNIPPON · BSE 532240 · Auto Components & Equipments
₹1,224.40 -1.61%
NSE close2026-10-01
52 week range675.00 - 1,564.00
Market cap₹2,814 Cr.
P/E30.8
Price band 20% Delivery 37.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales160190179196187210215234225273272299
Expenses150170164174170186189206202243242263
Operating Profit102015221724262823302937
OPM %6%10%8%11%9%11%12%12%10%11%11%12%
Other Income656811929127918
Interest000000000000
Depreciation444444664445
Profit before tax122117262328213030323350
Tax %21%16%30%21%22%26%25%10%24%28%25%20%
Net Profit91812201821162723232540
EPS in Rs4.097.755.349.038.029.357.0611.9410.2610.2611.0217.61
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales3243363514525254794815666567248451,068
Expenses290301316388449424436517603658751950
Operating Profit3335356476554550536694119
OPM %10%10%10%14%14%11%9%9%8%9%11%11%
Other Income7914131526162523253046
Interest000001100001
Depreciation844689101315152118
Profit before tax32404471837151626076103146
Tax %29%27%33%29%29%24%22%18%20%22%20%24%
Net Profit2329305059544050485982111
EPS in Rs10.2112.8013.0822.0125.8824.0217.5222.2121.3226.2136.3749.14
Dividend Payout %44%35%38%30%27%28%34%28%43%39%34%32%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%17%18%26%
Compounded Profit Growth14%18%24%11%
Stock Price CAGR18%29%34%37%
Return on Equity11%11%11%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111
Reserves212245264331389408440494549612700810
Borrowings-0-0-0-0-05544322
Other Liabilities557086103109105137132154211226244
Total Liabilities2783263624455105295936417188379391,067
Fixed Assets47505764668191130134143154173
CWIP1237713345131347
Investments126154189226261262261278355432472532
Other Assets104121112148176173207228215249308355
Total Assets2783263624455105295936417188379391,067
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity30334227365238757635040
Cash from Investing Activity-17-14-36-17-17-7-3428-46-39-12-18
Cash from Financing Activity-11-17-7-8-18-38-15-15-22-25-30-36
Net Cash Flow12-1128-1020-11-18-15
Free Cash Flow192729921451432392614
CFO/OP114%118%152%70%80%126%109%33%128%118%77%60%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days716669757267837666717371
Inventory Days293935383845494645514645
Days Payable4860979480881038377958972
Cash Conversion Cycle52457203024293935273043
Working Capital Days40269233233354938293746
ROCE %14%15%14%22%22%15%12%10%11%13%15%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%
FIIs0.12%0.15%0.13%0.14%0.21%0.21%0.19%0.28%0.37%0.42%0.41%0.33%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.06%0.22%
Public29.51%29.49%29.50%29.49%29.43%29.42%29.45%29.35%29.25%29.14%29.14%29.10%
No. of Shareholders17,77217,87718,53319,12020,68921,37621,83721,81221,77622,88322,99424,035

Fundamentals

Market Cap₹ 2,814 Cr.
Current Price₹ 1,245
Stock P/E30.8
Book Value₹ 363
ROCE17.0 %
ROE11.9 %
Dividend Yield1.25 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)11%
Consolidated figures.
Valuation
Market capRs 2,770 Cr
Enterprise valueRs 2,765 Cr
P/E (TTM)24.91x
Price to book3.37x
Price to sales2.59x
EV / EBITDA16.83x
EV / EBIT18.88x
EV / sales2.59x
Price to cash flow68.78x
Earnings yield4.01%
Dividend yield1.27%
P/E, 3-year average18.77x
P/B, 3-year average2.08x
P/E, 5-year average18.18x
P/B, 5-year average1.90x
Profitability
Operating margin (excl. other income)11.09%
Operating margin (incl. other income)15.38%
EBITDA margin15.38%
Pre-tax margin13.66%
Net profit margin10.40%
Net margin, latest quarter13.30%
ROE14.51%
ROCE19.06%
ROA11.08%
ROE, 3-year average12.29%
ROCE, 3-year average15.76%
ROA, 3-year average9.33%
ROE, 5-year average11.28%
ROCE, 5-year average14.30%
ROA, 5-year average8.64%
ROIC (approx.)13.66%
Tax rate23.81%
Other income / net worth5.58%
Growth
Sales growth (latest year)26.47%
Profit growth (latest year)35.11%
Sales CAGR, 3 years17.64%
Sales CAGR, 5 years17.30%
Profit CAGR, 3 years32.10%
Profit CAGR, 5 years22.91%
Sales growth QoQ10.19%
Profit growth QoQ59.77%
Sales growth YoY (latest quarter)28.11%
Profit growth YoY (latest quarter)47.41%
Per share
EPS (TTM)Rs 49.14
EPS (latest year)Rs 49.14
EPS (latest quarter)Rs 17.61
EPS, 3-year averageRs 37.24
EPS, 5-year averageRs 31.05
Book value per shareRs 363.08
Sales per shareRs 472.33
Cash flow per shareRs 17.80
Free cash flow per shareRs 6.19
Dividend per share (latest year)Rs 15.50
Dividend per share, 3-year averageRs 12.75
Dividend per share, 5-year averageRs 10.75
Dividends
Dividend payout31.54%
Dividend payout, 3-year average35.00%
Dividend payout, 5-year average35.31%
Efficiency
Asset turnover1.00x
Fixed asset turnover6.16x
Inventory turnover8.60x
Inventory days42 days
Debtor days71 days
Debtors turnover5.18x
Creditor days72 days
Cash conversion cycle43 days
Working capital days46 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 6 Cr
Net debtRs -4 Cr
Debt to equity0.00x
Net debt / EBITDA-0.03x
Interest coverage281.62x
Current ratio (filing 2026-03-31)2.51x
Quick ratio (filing 2026-03-31)2.05x
Trade payables (filing 2026-03-31)Rs 147 Cr
Owners' fund to total sources76.95%
Debt to assets0.18%
Cash flow
Cash from Operating Activity (latest year)Rs 40 Cr
Cash from Investing Activity (latest year)Rs -18 Cr
Cash from Financing Activity (latest year)Rs -36 Cr
Net Cash Flow (latest year)Rs -15 Cr
Free cash flow (latest year)Rs 14 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow26.53x
Statement figures
Net sales (TTM)Rs 1,068 Cr
Net sales (latest year)Rs 1,068 Cr
Sales (latest quarter)Rs 299 Cr
Operating profit excl. other income (latest year)Rs 119 Cr
Operating profit (latest quarter)Rs 37 Cr
Other income (TTM)Rs 46 Cr
EBITDA (TTM)Rs 164 Cr
PBDT (TTM)Rs 164 Cr
Profit before tax (TTM)Rs 146 Cr
Tax (latest year)Rs 35 Cr
Net profit (TTM)Rs 111 Cr
Net profit (latest year)Rs 111 Cr
Net profit (latest quarter)Rs 40 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 782 Cr
Total expenditure (latest year)Rs 950 Cr
Total income (latest year)Rs 1,114 Cr
Share capitalRs 11 Cr
ReservesRs 810 Cr
Shareholders' fundsRs 821 Cr
Total assetsRs 1,067 Cr
Net blockRs 173 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 532 Cr
ReceivablesRs 206 Cr
InventoryRs 91 Cr
Other liabilitiesRs 244 Cr
Shares outstanding (crore)2.26
Ownership
Promoter holding70.37% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.9 is at the 79th percentile of its own 9.4-year range (median 20.4, low 7.3, high 51.5).
P/B 3.37 is at the 89th percentile (median 2.18).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINDNIPPONNifty 50Difference
1 week-7.0%-2.8% -4.2 pts
1 month+14.2%-6.8% +21.0 pts
3 months+24.1%-7.6% +31.7 pts
6 months+80.3%+0.4% +79.9 pts
1 year+28.7%-9.9% +38.6 pts
2 years+55.4%-13.6% +68.9 pts
3 years+138.6%+14.2% +124.4 pts
5 years+239.8%+27.9% +211.9 pts

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-05-28: India Nippon Electricals Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹299 Cr +27.8% vs Mar 2025. Net profit ₹40 Cr +48.1%.
Against our estimate for Mar 2026: sales -0.4%, profit +37.3% big beat. Our estimate for Jun 2026: sales Rs 286 Cr, profit Rs 28 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-02-20Interim Dividend - Rs 15.50 Per Share
2025-02-21Interim Dividend - Rs 12.50 Per Share
2024-09-11Annual General Meeting
2024-02-23Interim Dividend - Rs 10.25 Per Share
2023-09-13Annual General Meeting
2023-02-24Interim Dividend - Rs 9.25 Per Share
2022-09-13Annual General Meeting
2022-02-21Interim Dividend - Rs 6.25 Per Shar
2021-09-08 Annual General Meeting
2021-04-08 Interim Dividend - Rs 6 Per Share
2020-09-11 Annual General Meeting
2020-03-24 Interim Dividend - Rs 3.75 Per Share
2020-02-18 Interim Dividend - Rs 3 Per Share
2019-08-08 Annual General Meeting
2019-04-12 Interim Dividend - Rs 4 Per Share
2019-02-21 Interim Dividend - Rs 3 Per Share
2018-08-16 Annual General Meeting
2018-05-17 Interim Dividend- Rs 3.5 Per Share
2018-03-21 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2018-02-08 Interim Dividend - Rs 6/- Per Share
2017-08-14 Annual General Meeting
2017-04-11 Interim Dividend Rs 6/- Per Share
2017-02-07 Interim Dividend Rs 4/- Per Share
2016-08-18 Annual General Meeting
2016-04-06 Interim Dividend - Rs 5/- Per Share
2016-02-10 Interim Dividend - Rs 4/- Share
2015-08-19Annual General Meeting/Dividend - Rs 4.50/- Per Share
2015-02-18Interim Dividend - Rs 4.50/- Per Share
2014-06-03Second Interim Dividend - Rs 5/- Per Share
2014-02-10Interim Dividend - Rs 4/- Per Share (Purpose Revised)
2013-08-21Annual General Meeting
2013-06-10Second Interim Dividend Rs. 5/- Per Share
2013-02-15Interim Dividend Rs 4 Per Share
2012-08-24Annual General Meeting
2012-06-112nd Interim Dividend Rs 5 Per Share
2012-02-14Interim Dividend Rs.4/- Per Share
2011-09-20Bonus 2:50.7143
2011-08-05Annual General Meeting
2011-06-093rd Interim Dividend-Re.1/- Per Share
2011-03-302nd Interim Dividend-Rs.3.50 Per Share (Purpose Revised)
2011-01-04Interim Dividend-Rs.5/- Per Share (Purpose Revised)
2010-08-20Annual General Meeting
2010-05-032nd Int Div-Rs.4/- Pr Shrpurpose Revised
2009-12-23Int Div-Rs.3.50 Per Sharepurpose Revised
2009-08-26Annual General Meeting
2009-04-282nd Int Div-Rs.3 Per Sh Purpose Revised
2008-12-30Interim Dividend - 30% Purpose Revised
2008-08-14Annual General Meeting
2008-03-252nd Interim Dividend-25% Purpose Revised
2007-12-28Interim Dividend - 45% Purpose Revised
2007-08-24Agm
2007-03-232nd Int Div-30% Rd Revised/Purpose Revised
2007-01-03Interim Dividend-45% Purpose Revised
2006-08-04Agm
DateTypeWhat it says
2026-09-10Volume querySignificant increase in volume has been observed in India Nippon Electricals Limited. The Exchange, in order to ensure that investors have latest rele...
2026-09-09Volume querySignificant increase in volume has been observed in India Nippon Electricals Limited. The Exchange, in order to ensure that investors have latest rele...
2026-08-31Concall / analyst meetSchedule of meet
2026-08-21Investor PresentationInvestor Presentation
2026-08-07ResignationResignation of Director/KMP/SMP
2026-08-07Change in ManagementThe Change in KMP and Appointment of SMP.
2026-08-07CessationCessation of Mr Elango Srinivasan as Chief Financial Officer of the company w.e.f. September 30, 2026.
2026-08-07UpdatesIntimation under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-08-07Board meeting outcomeIndia Nippon Electricals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31Director changeChange in Director(s) of the company.
2026-07-31Shareholder meetingVoting results.
2026-07-30Shareholder meetingProceedings of Annual General Meeting held on July 30, 2026
2026-07-08UpdatesDispatch of letter containing web link of Annual Report pursuant to Regulation 36(1)(b) of SEBI (Listing Obligations & Disclosure Requirements) Regula...
2026-07-08UpdatesIntimation of Book Closure for the purpose of Annual General Meeting.
2026-07-08Shareholder meetingNotice of Annual General Meeting to be held on July 30, 2026
2026-07-03Disclosure under SEBI TakeovLucas Indian Service Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-06-01Investor PresentationInvestor Presentation
2026-05-28Change in AuditorsChange in Auditors of the company.
2026-05-28Director changeChange in Director(s) of the company.
2026-05-28UpdatesAnnual General Meeting of the Company to be held on Thursday, 30th July 2026 at 10:00 am IST through Video conference and/or Other audio visual means.
2026-05-28Board meeting outcomeIndia Nippon Electricals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-03-17Concall / analyst meetSchedule of meet
2026-03-17Investor PresentationInvestor Presentation
2026-02-27General UpdatesGeneral Updates
2026-02-19Investor PresentationInvestor Presentation
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of India Nippon Electricals Ltd?

India Nippon Electricals Ltd (INDNIPPON) has a market capitalisation of Rs 2,814 Cr. at the 2026-10-01 close.

What is the P/E ratio of India Nippon Electricals Ltd?

India Nippon Electricals Ltd trades at a P/E of 30.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were India Nippon Electricals Ltd's latest quarterly results?

In the Mar 2026 quarter, India Nippon Electricals Ltd sales was Rs 299 Cr (+27.8% vs Mar 2025) and net profit was Rs 40 Cr.

What is the 52-week high and low of India Nippon Electricals Ltd?

The 52-week high is Rs 1,564.00 and the 52-week low is Rs 675.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03