Indo National Ltd (NIPPOBATRY) share price, results, shareholding

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

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	171.50	168.32	168.93	121.15	127.57	121.63	97.11	119.44	119.60	106.31	107.12	116.14
Expenses	163.81	155.09	151.28	131.21	126.68	132.79	99.05	116.65	115.64	113.13	125.23	116.02
Operating Profit	7.69	13.23	17.65	-10.06	0.89	-11.16	-1.94	2.79	3.96	-6.82	-18.11	0.12
OPM %	4.48%	7.86%	10.45%	-8.30%	0.70%	-9.18%	-2.00%	2.34%	3.31%	-6.42%	-16.91%	0.10%
Other Income	2.61	2.75	2.61	181.65	3.36	1.77	3.20	2.20	1.56	2.32	1.56	0.90
Interest	3.78	3.37	3.28	2.61	-0.49	0.10	0.96	0.60	0.72	0.64	0.63	0.88
Depreciation	4.38	4.49	4.66	4.53	2.86	2.90	2.94	3.21	3.30	3.32	3.31	3.36
Profit before tax	2.14	8.12	12.32	164.45	1.88	-12.39	-2.64	1.18	1.50	-8.46	-20.49	-3.22
Tax %	-41.59%	27.96%	26.22%	19.87%	-15.43%	-2.58%	-103.41%	10.17%	27.33%	-7.21%	2.49%	-162.42%
Net Profit	3.04	5.84	9.08	131.77	2.17	-12.07	0.08	1.02	1.13	-7.85	-21.00	2.01
EPS in Rs	5.73	4.59	3.20	178.12	2.89	-16.09	0.11	1.36	1.84	-10.45	-27.88	2.85

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	361	377	394	443	508	532	570	572	641	467	452	449
Expenses	337	346	352	402	447	475	544	557	600	490	471	470
Operating Profit	24	31	42	41	61	57	26	15	41	-22	-18	-21
OPM %	7%	8%	11%	9%	12%	11%	4.6%	2.6%	6%	-4.8%	-4.0%	-4.6%
Other Income	18	15	15	17	-13	18	19	5	10	190	8	6
Interest	6	5	5	12	17	13	11	11	14	3	3	3
Depreciation	8	8	9	11	12	13	13	17	18	13	13	13
Profit before tax	28	33	43	35	18	50	21	-8	19	151	-26	-31
Tax %	53%	36%	29%	25%	43%	35%	36%	-0%	25%	19%	2%
Net Profit	13	21	31	27	10	33	13	-8	15	122	-27	-26
EPS in Rs	18.89	25.57	29.79	24.56	1.88	40.51	10.59	-7.59	12.83	165.01	-35.12	-33.64
Dividend Payout %	66%	49%	34%	41%	133%	31%	47%	-66%	39%	3%	-11%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	2%	-3%	-8%	-4%
Compounded Profit Growth	%	%	%	-187%
Stock Price CAGR	-4%	-8%	-14%		-28%
Return on Equity	8%	8%	11%			-7%

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4	4	4	4	4	4	4	4
Reserves	172	198	209	219	211	238	236	228	232	434	299
Borrowings	58	49	65	113	121	123	124	132	140	53	34
Other Liabilities	77	78	152	146	161	148	147	151	223	230	94
Total Liabilities	311	329	431	481	496	513	511	515	599	721	431
Fixed Assets	134	158	163	182	188	182	215	226	254	223	170
CWIP	1	2	14	5	1	1	2	4	2	4	6
Investments	0	0	0	0	0	0	0	0	0	96	61
Other Assets	177	169	254	295	307	330	294	284	343	398	193
Total Assets	311	329	431	481	496	513	511	515	599	721	431

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	37	44	38	-19	10	11	35	36	44	-56	40
Cash from Investing Activity	-21	-20	-12	-7	1	5	-35	-28	-38	80	17
Cash from Financing Activity	-11	-30	-18	29	-9	-10	-20	-9	-9	-19	-58
Net Cash Flow	5	-6	8	2	2	5	-20	-1	-4	6	-1
Free Cash Flow	16	11	11	-40	-4	1	-10	6	0	-97	14
CFO/OP	188%	182%	118%	-15%	27%	37%	160%	270%	116%	90%	-226%

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	81	82	116	113	83	103	61	80	76	70	47
Inventory Days	72	82	79	85	111	107	124	88	95	147	80
Days Payable	29	41	92	77	87	77	63	69	72	81	49
Cash Conversion Cycle	124	124	103	120	107	133	122	99	99	136	78
Working Capital Days	50	53	13	33	40	73	58	38	36	97	73
ROCE %		16%	18%	15%	18%	16%	7%	1%	8%	33%	-5%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%
FIIs	0.00%	0.00%	0.03%	0.00%	0.04%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%
Public	34.65%	34.65%	34.62%	34.65%	34.61%	34.66%	34.65%	34.64%	34.64%	34.62%	34.65%	34.65%
No. of Shareholders	11,280	10,216	11,052	13,027	13,434	13,491	13,708	13,969	13,993	13,855	13,958	14,297

Fundamentals

Market Cap₹ 246 Cr.

Current Price₹ 323

Book Value₹ 403

ROCE-5.47 %

ROE-7.11 %

Dividend Yield1.16 %

Face Value₹ 5.00

Compounded Sales Growth (TTM)-4%

Compounded Profit Growth (TTM)-187%

Consolidated figures.

Valuation

Market capRs 239 Cr

Enterprise valueRs 268 Cr

Price to book0.79x

Price to sales0.53x

EV / sales0.60x

Price to cash flow5.93x

Earnings yield-10.54%

Dividend yield1.17%

P/E, 3-year average22.76x

P/B, 3-year average1.23x

P/E, 5-year average27.46x

P/B, 5-year average1.16x

Profitability

Operating margin (excl. other income)-4.02%

Operating margin (incl. other income)-2.33%

EBITDA margin-3.23%

Pre-tax margin-6.83%

Net profit margin-5.62%

Net margin, latest quarter1.84%

ROE-7.11%

ROCE-5.72%

ROA-4.57%

ROE, 3-year average11.24%

ROCE, 3-year average12.95%

ROA, 3-year average5.30%

ROE, 5-year average6.92%

ROCE, 5-year average9.68%

ROA, 5-year average3.27%

ROIC (approx.)-8.54%

Tax rate-1.64%

Other income / net worth2.53%

Growth

Sales growth (latest year)-3.21%

Profit growth (latest year)-121.28%

Sales CAGR, 3 years-7.52%

Sales CAGR, 5 years-3.18%

Sales growth QoQ8.42%

Sales growth YoY (latest quarter)-2.76%

Profit growth YoY (latest quarter)109.80%

Per share

EPS (TTM)Rs -33.15

EPS (latest quarter)Rs 2.81

EPS, 3-year averageRs 88.92

EPS, 5-year averageRs 45.21

Book value per shareRs 397.53

Sales per shareRs 590.18

Cash flow per shareRs 53.06

Free cash flow per shareRs 18.39

Dividend per share, 3-year averageRs 5.00

Dividend per share, 5-year averageRs 5.00

Dividends

Dividend payout, 3-year average21.01%

Dividend payout, 5-year average29.75%

Efficiency

Asset turnover1.05x

Fixed asset turnover2.66x

Inventory turnover4.54x

Inventory days80 days

Debtor days47 days

Debtors turnover7.75x

Creditor days49 days

Cash conversion cycle78 days

Working capital days73 days

Leverage

Total debtRs 34 Cr

Cash and bankRs 6 Cr

Net debtRs 28 Cr

Debt to equity0.11x

Interest coverage-9.69x

Owners' fund to total sources70.25%

Debt to assets7.99%

Cash flow

Cash from Operating Activity (latest year)Rs 40 Cr

Cash from Investing Activity (latest year)Rs 17 Cr

Cash from Financing Activity (latest year)Rs -58 Cr

Net Cash Flow (latest year)Rs -1 Cr

Free cash flow (latest year)Rs 14 Cr

FCFE (approx.: FCF + change in debt)Rs -5 Cr

Cash from ops / profit, 5 years0.86x

Sales to cash flow11.21x

Statement figures

Net sales (TTM)Rs 449 Cr

Net sales (latest year)Rs 452 Cr

Sales (latest quarter)Rs 116 Cr

Operating profit excl. other income (latest year)Rs -18 Cr

Operating profit (latest quarter)Rs 0 Cr

Other income (TTM)Rs 6 Cr

EBITDA (TTM)Rs -15 Cr

PBDT (TTM)Rs -17 Cr

Profit before tax (TTM)Rs -31 Cr

Tax (latest year)Rs 0 Cr

Net profit (TTM)Rs -25 Cr

Net profit (latest year)Rs -26 Cr

Net profit (latest quarter)Rs 2 Cr

Depreciation (TTM)Rs 13 Cr

Depreciation (latest quarter)Rs 3 Cr

Interest (TTM)Rs 3 Cr

Cost of goods sold (latest year)Rs 277 Cr

Total expenditure (latest year)Rs 471 Cr

Total income (latest year)Rs 460 Cr

Share capitalRs 4 Cr

ReservesRs 299 Cr

Shareholders' fundsRs 303 Cr

Total assetsRs 431 Cr

Net blockRs 170 Cr

Capital work in progressRs 6 Cr

InvestmentsRs 61 Cr

ReceivablesRs 58 Cr

InventoryRs 61 Cr

Other liabilitiesRs 94 Cr

Shares outstanding (crore)0.76

Ownership

Promoter holding65.35% (+0.00 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/B 0.78 is at the 12th percentile (median 1.24).

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.

Period	NIPPOBATRY	Nifty 50	Difference
1 week	-3.1%	-2.8%	-0.3 pts
1 month	-4.1%	-6.8%	+2.6 pts
3 months	-11.4%	-7.6%	-3.8 pts
6 months	+21.3%	+0.4%	+20.9 pts
1 year	-32.1%	-9.9%	-22.2 pts
2 years	-44.2%	-13.6%	-30.6 pts
3 years	-37.7%	+14.2%	-51.9 pts
5 years	-35.2%	+27.9%	-63.1 pts

Red flags

F-score 5 of 8

explain

Weak cash conversion Cash from operations was 26% of net profit over the last 3 years

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

Jun 2026

Sales ₹116 Cr -2.8% vs Jun 2025. Net profit ₹2 Cr +97.1%.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-09-21	Dividend - Rs 3.75 Per Share
2025-09-19	Dividend - Rs 5 Per Share
2024-09-19	Annual General Meeting/Dividend - Rs 5 Per Share
2023-09-20	Annual General Meeting/Dividend - Rs 5 Per Share
2022-09-19	Annual General Meeting/Dividend - Rs 5 Per Share
2021-10-28	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share	0.5000
2021-09-21	Annual General Meeting/Dividend - Rs 25 Per Sh
2020-09-18	Annual General Meeting/Dividend - Rs 5 Per Share
2019-09-13	Annual General Meeting/Dividend - Rs 20 Per Share
2018-09-14	Annual General Meeting/Dividend Rs 20 Per Share
2017-09-15	Annual General Meeting/Dividend - Rs 25/- Per Share
2016-09-15	Annual General Meeting/ Dividend -Rs 25/- Per Share
2015-09-15	Dividend-Rs 25/- Per Share
2014-09-17	Annual General Meeting / Dividend - Rs 20/- Per Share
2013-09-18	Annual General Meeting / Dividend - Rs 10/- Per Share
2012-07-20	Annual General Meeting/ Dividend Rs 10 Per Share
2011-07-14	Dividend-Rs.20/- Per Share
2010-07-15	Dividend-Rs.20/- Per Share
2009-09-03	Dividend-Rs.20/- Pr Share
2008-06-06	Agm/Dividend-200%
2007-06-04	Agm/Dividend - 125%
2006-06-02	Agm/Dividend-200%

Date	Type	What it says
2026-09-29	Shareholder meeting	Voting results.
2026-09-28	Shareholder meeting	Proceedings of Annual General Meeting held on September 28, 2026
2026-09-17	Record Date	Record date for the purpose of Dividend is 21-Sep-2026.
2026-09-17	Acquisition	Acquisition
2026-09-11	Acquisition	Acquisition
2026-09-04	Updates	Letter sent to shareholders who have not registered their email address with the Company/DP/RTA on Annual General Meeting for the FY 2025-26.
2026-09-04	Shareholder meeting	Notice of Annual General Meeting to be held on September 28, 2026
2026-09-04	Shareholder meeting	Shareholders meeting
2026-09-02	Acquisition	Acquisition
2026-09-01	Resignation	Resignation of Director/KMP/SMP
2026-09-01	Change in Management	Change in Management
2026-08-14	Updates	Intimation on 53rd AGM.
2026-08-14	Updates	Book closure.
2026-08-14	Board meeting outcome	Indo-National Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-29	Acquisition	Acquisition
2026-07-23	Acquisition	Acquisition
2026-07-13	Acquisition	Acquisition
2026-05-30	Acquisition	Acquisition
2026-05-15	Dividend	Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 3.75 per equity share.
2026-05-15	Board meeting outcome	Indo-National Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-13	Acquisition	Acquisition
2026-04-30	Acquisition	Acquisition
2026-04-30	Board meeting outcome	Outcome of Board Meeting held on April 30, 2026.
2026-04-10	Reply to Clarification- Fina	The Exchange had sought clarification from Indo-National Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (Listing ...
2026-04-06	Disclosure under SEBI Takeov	Indo-National Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...

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.

Order date	Forum	Case
2020-02-06	NCLAT	Indo National Ltd. VS Competition Commission of India & Ors.
2020-01-27	NCLAT	Indo National Ltd. VS Competition Commission of India & Ors.
2019-12-13	NCLAT	Indo National Ltd. VS Competition Commission of India & Ors.
2019-10-17	NCLAT	Indo National Ltd. VS Competition Commission of India & Ors.
2019-07-17	NCLAT	Indo National Ltd. VS Competition Commission of India & Ors.
2019-05-08	NCLAT	Indo National Ltd. VS Competition Commission of India & Ors.

Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.

EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Indo National Ltd?

Indo National Ltd (NIPPOBATRY) has a market capitalisation of Rs 246 Cr. at the 2026-10-01 close.

What were Indo National Ltd's latest quarterly results?

In the Jun 2026 quarter, Indo National Ltd sales was Rs 116 Cr (-2.8% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Indo National Ltd?

The 52-week high is Rs 469.00 and the 52-week low is Rs 257.00.