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Indo National Limited NIPPOBATRY NSEINFRA

Industrials · Electrical Equipment & Parts · India
https://www.nippo.in
Company Profile ↓
₹342.00
-24.75% 1Y
Mkt Cap₹256.50 Cr
P/E-9.74
P/B0.84
Div. Yield1.75%
52W High₹489.40
52W Low₹259.25
Book Value₹403.40
EPS (TTM)₹-35.12

Company Overview

Indo National Limited manufactures and distributes dry cell batteries, rechargeable batteries, flashlights, and general lighting products in India. It offers alkaline and zinc batteries; battery operated and rechargeable torches; LED lighting, including battens, spotlight, down and panel light, rechargeable bulbs, and regular bulbs. The company also provides spike guards and flex boxes; mosquito swatters, and liquid vaporizer; electrical products; other FMCG products; and razors and blades under DORCO brand. The company was formerly known as Nippo Batteries Co. Ltd. and changed its name to Indo National Limited in April 2013. Indo National Limited was incorporated in 1972 and is headquartered in Chennai, India.

Why Investors Should Care

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.11.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹452.47 Cr (-3.2% YoY); net profit ₹-26.34 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -3.2%, earnings -121.3%.
  • 5-Year Trend Long-term compounding — revenue CAGR -7.5%, profit CAGR -120.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-7.52%
1 Year:-3.21%

Compounded Profit Growth

5 Years:-120.88%
1 Year:-121.28%

Stock Price Performance

1 Year:-24.75%
6 Months:-13.58%
3 Months:+6.67%
1 Month:-3.93%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 36% of range
₹259.25 ₹489.40
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)45.43 · Neutral
Price Performance
1M-3.93%
3M+6.67%
6M-13.58%
1Y-24.75%

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Generates positive free cash flow.

CONS

  • Revenue declined at -7.5% CAGR over 5 years.
  • Earnings shrank at -120.9% CAGR over 5 years.
  • Trading 30.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
-9.74
Industry PE
29.60
Forward P/E
-
PEG Ratio
-
Book Value
₹403.40
Price to Book
0.84
P/S
0.57
EV/EBITDA
-23.98
Dividend Yield
1.75%

Growth (CAGR)

Revenue 5Y
-7.52%
Profit 5Y
-120.88%
Revenue (YoY)
-3.21%
Earnings (YoY)
-121.28%

Profitability & Returns

ROCE
-7.06%
ROE
-8.71%
ROA
-6.12%
Profit Margin
-5.82%
Op Margin
-6.92%
Gross Margin
38.71%
EPS (Latest Qtr)
₹-27.87
EPS (TTM)
₹-35.12

Balance Sheet & Liquidity

Debt/Equity
0.11
Quick Ratio
1.37
Current Ratio
2.02
Debt
₹34.39 Cr
Total Assets
₹430.66 Cr
Current Assets
₹191.55 Cr
Working Capital
₹96.50 Cr

Ownership

Promoter Holding
72.20%
Chg in Prom Hold
6.85%
FII / Inst Holding
0.00%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
₹256.50 Cr
Total Revenue (TTM)
₹452.47 Cr
EBITDA
₹-10.54 Cr
Free Cash Flow
₹12.34 Cr
Operating Cash Flow
₹40.38 Cr
Shares Outstanding
₹75.00 L
Gross Margin
38.71%
Payout Ratio
3.03%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NIPPOBATRY Indo National Limited NSEINFRA 342.00 -9.74 ₹256.50 Cr 1.75% -7.06% -8.71% -7.52% -120.88%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,849.40 32.93 ₹5.30 L Cr 0.96% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,834.20 31.50 ₹4.23 L Cr 0.42% 10.97% 13.32% 22.93% 34.11%
4 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 410.75 56.42 ₹3.00 L Cr 1.05% 31.88% 25.27% 16.63% 26.64%
5 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,463.30 32.75 ₹2.98 L Cr 0.44% 13.80% 22.21% 7.87% 16.08%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 5,202.50 -84.07 ₹2.01 L Cr 0.24% 4.02% -34.31% 16.59% -227.40%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,535.50 64.97 ₹1.53 L Cr 1.17% 34.95% 27.87% 16.07% 24.35%
8 ABB ABB India Limited NSEAIINFRA 6,951.50 88.30 ₹1.47 L Cr 0.58% 28.45% 21.29% 15.41% 17.97%
9 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 33,005.00 148.92 ₹1.47 L Cr 0.02% 24.92% 19.09% 22.24% 119.12%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 143.00 Cr132.00 Cr172.00 Cr168.00 Cr169.00 Cr121.00 Cr-122.00 Cr97.11 Cr119.44 Cr119.60 Cr106.31 Cr107.12 Cr
Cost of Revenue --------60.92 Cr72.99 Cr70.97 Cr65.84 Cr67.53 Cr
Gross Profit --------36.19 Cr46.45 Cr48.63 Cr40.47 Cr39.59 Cr
Operating Expenses 139.00 Cr130.00 Cr164.00 Cr155.00 Cr151.00 Cr131.00 Cr-133.00 Cr41.07 Cr46.87 Cr47.96 Cr50.61 Cr61.01 Cr
Operating Income 0-2.00 Cr4.00 Cr9.00 Cr13.00 Cr-15.00 Cr--14.00 Cr-4.88 Cr-41.91 L66.84 L-10.14 Cr-21.42 Cr
EBITDA 5.00 Cr2.00 Cr8.00 Cr13.00 Cr18.00 Cr-10.00 Cr--11.00 Cr1.26 Cr4.99 Cr5.52 Cr-4.50 Cr-16.56 Cr
Interest Expense 3.00 Cr3.00 Cr4.00 Cr3.00 Cr3.00 Cr3.00 Cr-095.88 L59.70 L72.31 L63.91 L62.58 L
Pretax Income -1.00 Cr-3.00 Cr2.00 Cr8.00 Cr12.00 Cr164.00 Cr--12.00 Cr-2.64 Cr1.19 Cr1.50 Cr-8.46 Cr-20.49 Cr
Tax Provision -1.02 Cr-15.00 L-84.00 L2.24 Cr3.12 Cr32.80 Cr-36.00 L-2.72 Cr12.00 L41.00 L-61.00 L50.81 L
Net Income -2.00 Cr-3.00 Cr3.00 Cr6.00 Cr9.00 Cr132.00 Cr--12.00 Cr8.19 L1.02 Cr1.38 Cr-7.84 Cr-20.91 Cr
Diluted EPS -3.47-0.715.734.593.20178.12--16.090.111.371.85-10.46-27.87

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 361.00 Cr377.00 Cr394.00 Cr443.00 Cr508.00 Cr532.00 Cr-572.03 Cr640.60 Cr467.46 Cr452.47 Cr
Cost of Revenue -------369.06 Cr377.04 Cr291.43 Cr277.33 Cr
Gross Profit -------202.96 Cr263.57 Cr176.03 Cr175.14 Cr
Operating Expenses 337.00 Cr346.00 Cr352.00 Cr402.00 Cr447.00 Cr475.00 Cr-204.09 Cr240.24 Cr211.54 Cr206.45 Cr
Operating Income 16.00 Cr23.00 Cr33.00 Cr30.00 Cr49.00 Cr44.00 Cr--1.12 Cr23.33 Cr-35.50 Cr-31.32 Cr
EBITDA 24.00 Cr31.00 Cr42.00 Cr41.00 Cr61.00 Cr57.00 Cr-18.90 Cr48.92 Cr167.71 Cr-10.54 Cr
Interest Expense 6.00 Cr5.00 Cr5.00 Cr12.00 Cr17.00 Cr13.00 Cr-9.99 Cr11.87 Cr3.18 Cr2.58 Cr
Pretax Income 28.00 Cr33.00 Cr43.00 Cr35.00 Cr18.00 Cr50.00 Cr--8.01 Cr19.42 Cr151.29 Cr-26.26 Cr
Tax Provision 14.84 Cr11.88 Cr12.47 Cr8.75 Cr7.74 Cr17.50 Cr--1.85 L4.78 Cr29.34 Cr42.81 L
Net Income 13.00 Cr21.00 Cr31.00 Cr27.00 Cr10.00 Cr33.00 Cr--5.69 Cr9.62 Cr123.76 Cr-26.34 Cr
Diluted EPS 18.8925.5729.7924.561.8840.51--7.5912.83165.02-35.12

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 311.00 Cr329.00 Cr431.00 Cr481.00 Cr496.00 Cr513.00 Cr-514.77 Cr599.31 Cr721.48 Cr430.66 Cr
Current Assets -------278.88 Cr329.66 Cr360.36 Cr191.55 Cr
Cash & Equivalents -------5.08 Cr94.45 L6.88 Cr5.84 Cr
Inventory -------87.55 Cr96.82 Cr117.20 Cr61.06 Cr
Receivables -------125.55 Cr132.66 Cr89.54 Cr58.41 Cr
Total Liabilities -------252.86 Cr325.84 Cr250.57 Cr123.08 Cr
Current Liabilities -------196.36 Cr234.18 Cr188.08 Cr95.05 Cr
Long Term Debt -------28.89 Cr49.20 Cr22.98 Cr17.67 L
Total Debt 58.00 Cr49.00 Cr65.00 Cr113.00 Cr121.00 Cr123.00 Cr-136.20 Cr145.10 Cr60.02 Cr34.39 Cr
Total Equity 176.00 Cr202.00 Cr213.00 Cr223.00 Cr215.00 Cr242.00 Cr-231.48 Cr236.18 Cr438.17 Cr302.55 Cr
Shares Outstanding -------75.00 L75.00 L75.00 L75.00 L

Cash Flows (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 37.00 Cr44.00 Cr38.00 Cr-19.00 Cr10.00 Cr11.00 Cr-35.95 Cr43.55 Cr-55.76 Cr40.38 Cr
Investing Cash Flow -21.00 Cr-20.00 Cr-12.00 Cr-7.00 Cr1.00 Cr5.00 Cr--27.61 Cr-38.26 Cr80.47 Cr16.81 Cr
Financing Cash Flow -11.00 Cr-30.00 Cr-18.00 Cr29.00 Cr-9.00 Cr-10.00 Cr--9.42 Cr-9.43 Cr-18.78 Cr-58.24 Cr
Capital Expenditure -21.00 Cr-33.00 Cr-27.00 Cr-21.00 Cr-14.00 Cr-10.00 Cr--30.87 Cr-44.72 Cr-41.66 Cr-28.04 Cr
Free Cash Flow 16.00 Cr11.00 Cr11.00 Cr-40.00 Cr-4.00 Cr1.00 Cr-5.08 Cr-1.17 Cr-97.41 Cr12.34 Cr
Net Change in Cash 5.00 Cr-6.00 Cr8.00 Cr2.00 Cr2.00 Cr5.00 Cr--1.09 Cr-4.14 Cr5.94 Cr-1.04 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -------35.5%41.1%37.7%38.7%
Operating Margin % 4.4%6.1%8.4%6.8%9.6%8.3%--0.2%3.6%-7.6%-6.9%
Net Margin % 3.6%5.6%7.9%6.1%2.0%6.2%--1.0%1.5%26.5%-5.8%
ROE % 7.4%10.4%14.6%12.1%4.7%13.6%--2.5%4.1%28.2%-8.7%
ROCE % --------0.4%6.4%-6.7%-9.3%

Shareholding Pattern

Insiders
72.20%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

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NIPPOBATRY — Frequently Asked Questions

What is the current share price of Indo National Limited (NIPPOBATRY)?

As of 2026-07-15 09:52 IST, Indo National Limited (NIPPOBATRY) trades at ₹342.00 on NSE. Its 52-week range is ₹259.25 to ₹489.40.

What is the market capitalisation of NIPPOBATRY?

Indo National Limited (NIPPOBATRY) has a market capitalisation of ₹256.50 Cr on NSE.

What is the P/E ratio of NIPPOBATRY?

NIPPOBATRY trades at a trailing price-to-earnings (P/E) ratio of -9.74. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 0.84.

Does NIPPOBATRY pay a dividend?

Indo National Limited (NIPPOBATRY) currently offers a dividend yield of 1.75%.

What is the return on equity (ROE) of NIPPOBATRY?

NIPPOBATRY has a return on equity (ROE) of -8.71%. Its return on capital employed (ROCE) is -7.06%.

Is NIPPOBATRY a good stock to buy?

This page provides a data-driven analysis of Indo National Limited (NIPPOBATRY), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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