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India Nippon Electricals Limited (INDNIPPON) · mywealthgrid

About

India Nippon Electricals manufactures auto components within the Consumer Discretionary sector, serving the Indian automotive industry. With a market cap of ₹2,538 Cr and recent quarterly revenue near ₹300 Cr, it operates as a mid-sized player maintaining a debt-free balance sheet. The company has delivered 35% YoY revenue growth while operating at roughly 11% margins.

Face value: ₹5

Market cap

₹2,767 Cr

P/E

24.9×

P/B

3.4×

Dividend yield

2.3%

ROE

14.5%

ROCE

16.1%

Debt / equity

OPM

11.1%

EPS (TTM)

₹49.1

Book value

₹363.1

52-week high

₹1,369.0

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profit volatility despite revenue growth: net profit fell 32% from ₹39.83 Cr (Mar 2026) to ₹27.03 Cr (Jun 2026) despite revenue rise — verify operational consistency and cost control mechanisms.
Operating margins of 10–12% (OPM) are thin and vulnerable to raw material or labour cost inflation endemic to auto components.
Institutional investor base is minimal (FII 0.32%, DII 0.22%), limiting analyst coverage and secondary market liquidity — verify trading depth and bid-ask spreads.
PE of 22.83 is elevated for auto components — verify whether priced-in earnings growth or margin expansion is achievable given recent profit volatility.

Generated analysis · source review pending

Growth drivers

35% YoY revenue growth (₹224.7 Cr in Jun 2025 to ₹304.48 Cr in Jun 2026) demonstrates strong momentum; verify whether this is capacity addition, market share gains, or sector tailwinds.
Zero debt (D/E = 0) enables financial flexibility for capex or acquisitions — verify management's capital allocation plans and intended deployment of this capacity.
Operating margin range of 10.17–12.32% across quarters indicates headroom for stabilization; stabilizing near 12% OPM on current revenue would materially lift profitability.
Annual dividend payments since 2022 reflect sustained cash generation, though absolute payout per share should be verified against EPS volatility (ranging ₹10.26–₹17.61).

Generated analysis · source review pending

₹1,224.4+30.8%1Y

Beta

1.16

Moves with the index

Volatility (1y)

44.9%

Annualised, daily returns

RSI (14)

29.4

Oversold territory

Rel. strength (1y)

19.9%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Profit CAGR of 22.9% over the last 5 years
+Revenue CAGR of 17.3% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 252.4×
+Dividend payout of 56.9% of profit
+High promoter holding of 70.4% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

73/100

Business quality: 59
Growth: 93
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	378	394	479	481	566	656	724	845	1,068
COGS	233	234	315	325	395	454	500	574	739
Gross profit	145	160	164	156	171	202	225	271	329
	110	123	109	111	121	149	158	177	211
	35	37	55	45	50	53	66	94	119
OPM %	9.3%	9.5%	11.5%	9.4%	8.8%	8.1%	9.2%	11.1%	11.1%
Depreciation	4	4	9	10	13	15	15	21	18
Interest	0	0	1	1	0	0	0	0	1
	10	14	26	16	25	23	25	30	46
Profit before tax	40	44	71	51	62	60	76	103	146
Tax	11	15	17	11	11	12	16	21	35
Tax %	26.5%	33.2%	23.7%	21.7%	18.4%	20.2%	21.8%	20.1%	23.8%
	29	30	54	40	50	48	59	82	111
PAT margin %	7.6%	7.5%	11.4%	8.2%	8.9%	7.4%	8.2%	9.7%	10.4%
EPS (₹)	25.6	26.1	24	17.5	22.2	21.3	26.2	36.4	49.1
EPS adjusted (₹)	12.8	—	24	17.5	22.2	21.3	26.2	36.4	49.2
	15.6%	34.4%	44.8%	0%	55.2%	43.4%	39.1%	34.4%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	0	11	11	11	11	11	11	11
Reserves	255	27	—	440	493	549	612	700	810
	0	0	—	0	0	0	0	0	0
	70	0	—	142	137	157	214	228	246
Total equity & liabilities	336	27	—	593	641	718	837	939	1,067
	—	—	76	86	130	134	143	154	173
CWIP	2	0	—	34	5	13	13	4	7
Investments	176	19	—	266	278	355	432	472	532
	158	8	—	207	228	215	249	308	355
Total assets	336	27	—	593	641	718	837	939	1,067

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	40.5%	34.3%	32.5%	30.2%	30.7%	31%	32.1%	30.8%
EBITDA margin %	9.5%	11.8%	9.4%	8.8%	8.1%	9.2%	11.1%	11.1%
EBIT margin %	8.4%	9.9%	7.3%	6.5%	5.8%	7.1%	8.7%	9.4%
PAT margin %	7.5%	11.4%	8.2%	8.9%	7.4%	8.2%	9.7%	10.4%
Working capital
Receivable days	0	—	83	76	66	71	73	71
Inventory days	0	—	49	46	45	51	46	45
Payable days	0	—	103	83	77	101	89	72
NWC days	0	—	29	39	35	21	30	43
Leverage
Current ratio	—	—	2.66	3.22	3.01	2.51	2.38	2.51
Debt to EBITDA	0	—	0	0	0	0	0	0
Debt to equity	0	—	0	0	0	0	0	0
Interest coverage	782.5	131.2	91.4	126.6	144.9	195.3	264.9	252.4
Asset turnover	14.45	—	0.81	0.88	0.91	0.87	0.9	1
Return ratios
Return on assets %	108.4%	—	6.7%	7.8%	6.7%	7.1%	8.8%	10.4%
Return on capital employed %	—	—	10.9%	12.4%	10.8%	12.1%	14.5%	16.1%
Return on equity %	108.8%	—	8.8%	10%	8.6%	9.5%	11.6%	13.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%	70.37%
	0.12%	0.15%	0.13%	0.14%	0.21%	0.21%	0.19%	0.28%	0.37%	0.42%	0.41%	0.32%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.06%	0.06%	0.22%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.51%	29.48%	29.5%	29.49%	29.42%	29.42%	29.44%	29.35%	29.26%	29.15%	29.16%	29.09%
No. of shareholders	—	—	—	—	—	—	—	—	21,776	22,883	22,994	24,035

Promoter holding up 0 percentage points since Sep 2023.

9 deals · 15 Feb 2022 – 26 Jun 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Jun 2023	LUCAS INDIAN SERVICE LTD	Block	NSE	Buy	14,14,786	₹438.00	₹61.97 Cr
26 Jun 2023	MAHLE ELECTRIC DRIVES JAPAN CORPORATION	Bulk	NSE	Sell	14,14,786	₹438.00	₹61.97 Cr
26 Jun 2023	LUCAS INDIAN SERVICE LTD	Bulk	NSE	Buy	14,14,786	₹438.00	₹61.97 Cr
26 Jun 2023	MAHLE ELECTRIC DRIVES JAPAN CORPORATION	Block	NSE	Sell	14,14,786	₹438.00	₹61.97 Cr
15 Feb 2022	LUCAS INDIAN SERVICE LTD	Bulk	NSE	Buy	8,89,042	₹448.50	₹39.87 Cr
15 Feb 2022	LUCAS INDIAN SERVICE LTD	Block	NSE	Buy	8,89,042	₹448.50	₹39.87 Cr
15 Feb 2022	SUNDARAM MUTUAL FUND	Block	NSE	Sell	4,92,000	₹448.50	₹22.07 Cr
15 Feb 2022	HARITA TRADE & SERVICES PVT LTD	Block	NSE	Sell	3,97,042	₹448.50	₹17.81 Cr
15 Feb 2022	HARITA TRADE & SERVICES PVT LTD	Bulk	NSE	Sell	3,97,042	₹448.50	₹17.81 Cr

1–9 of 9

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. T K BalajiNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Arvind BalajiExecutive Director-MD
Mrs. Priyamvada BalajiNon-Executive - Non Independent Director
Elango SrinivasanChief Financial Officer
Mr. Anant Jaivant TalaulicarNon-Executive - Independent Director
Ravinder SharmaChief Operating Officer
Mr. Heramb Ravindra HajarnavisNon-Executive - Independent Director
Mrs. Gangapriya ChakravertiNon-Executive - Independent Director
Mrs. S LogithaCompany Secretary & Compliance Office

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in India Nippon Electricals Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

33

Interim dividend20 Feb 2026 · ex-date₹15.5
Interim dividend21 Feb 2025 · ex-date₹12.5
Interim dividend23 Feb 2024 · ex-date₹10.25
Interim dividend24 Feb 2023 · ex-date₹9.25
Interim dividend21 Feb 2022 · ex-date₹6.25
Interim dividend8 Apr 2021 · ex-date₹6
Interim dividend24 Mar 2020 · ex-date₹3.75
Interim dividend18 Feb 2020 · ex-date₹3
Interim dividend12 Apr 2019 · ex-date₹4
Interim dividend21 Feb 2019 · ex-date₹3
Interim dividend17 May 2018 · ex-date₹3.5
Interim dividend8 Feb 2018 · ex-date₹6
Interim dividend11 Apr 2017 · ex-date₹6
Interim dividend7 Feb 2017 · ex-date₹4
Interim dividend6 Apr 2016 · ex-date₹5
Interim dividend10 Feb 2016 · ex-date₹4
Final dividend19 Aug 2015 · ex-date₹4.5
Interim dividend18 Feb 2015 · ex-date₹4.5
Interim dividend3 Jun 2014 · ex-date₹5
Interim dividend10 Feb 2014 · ex-date₹4
Interim dividend10 Jun 2013 · ex-date₹5
Interim dividend15 Feb 2013 · ex-date₹4
Interim dividend11 Jun 2012 · ex-date₹5
Interim dividend14 Feb 2012 · ex-date₹4
Interim dividend9 Jun 2011 · ex-date₹1
Interim dividend30 Mar 2011 · ex-date₹3.5
Interim dividend4 Jan 2011 · ex-date₹5
Interim dividend3 May 2010 · ex-date₹4
Interim dividend23 Dec 2009 · ex-date₹3.5
Interim dividend28 Apr 2009 · ex-date₹3
Interim dividend30 Dec 2008 · ex-date₹3
Interim dividend25 Mar 2008 · ex-date₹2.5
Interim dividend28 Dec 2007 · ex-date₹4.5

1

Board meeting to consider results7 Aug 2026

1

Face value ₹10 → ₹521 Mar 2018 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

30 Sept 2026, 10:31 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

10 Sept 2026, 12:34 pmCompany Update

Clarification Regarding Significant Increase In The Volume Of Shares Traded

General PDF

10 Sept 2026, 11:09 amCompany Update

Clarification sought from India Nippon Electricals Ltd

Clarification

31 Aug 2026, 2:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

21 Aug 2026, 5:09 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

8 Aug 2026, 2:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Aug 2026, 9:11 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

7 Aug 2026, 9:09 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

Date	Category	Subject	Filing
30 Sept 2026, 10:31 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
10 Sept 2026, 12:34 pm	Company Update General	Clarification Regarding Significant Increase In The Volume Of Shares Traded	PDF

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₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	33	37	38	7	57	71	50	40
	-14	-31	-34	28	-46	-46	-12	-18
	-17	-7	-15	-15	-22	-25	-30	-36
Net cash flow	2	-1	-10	20	-11	-1	8	-15
Free cash flow	27	25	1	-21	32	47	26	-2
CFO / Operating profit %	93.8%	97.8%	84.3%	14.2%	107.5%	106.3%	52.9%	34%

India Nippon Electricals Limited

India Nippon Electricals Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

33

1

1

Announcements

Not in the F&O segment

No fund holdings on record

33

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

India Nippon Electricals Limited

India Nippon Electricals Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends33

Board meetings1

Stock splits1

Announcements

Not in the F&O segment

No fund holdings on record

Dividends33

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

33

1

1

33

1

1