India Nippon Electricals
India Nippon Electricals (INDNIPPON) share price was ₹1,169.50 at the 28 Oct 2026 close; market capitalisation ₹2,646 Cr; P/E (TTM) 23.79; sector Automobiles. The share price rose 17.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue rose 28.1% year on year to ₹299.5 Cr and net profit rose 47.4% year on year to ₹39.8 Cr (compared with Mar 2025). Promoters held 70.37% of India Nippon Electricals in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 69/100 (Strong) as of 28 Oct 2026.
Key Fundamentals
MicrocapAuto ComponentsConsumer DiscretionaryPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM
Peer Comparison
Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments
| ₹160.33 | 38.63 | 1,69,219 Cr | 4.00 | 0.38% | 9.36% | 11.82% | 1,30,935 Cr | 4,556 Cr | |
| ₹47,625.00 | 59.44 | 1,40,475 Cr | 9.46 | 0.59% | 18.66% | 24.28% | 21,880 Cr | 2,363 Cr | |
| ₹1,760.00 | 119.16 | 86,006 Cr | 7.43 | 0.48% | 11.40% | 15.70% | 17,749 Cr | 715 Cr | |
| ₹1,099.90 | 52.83 | 63,526 Cr | 9.31 | 0.24% | 17.69% | 20.72% | 21,003 Cr | 1,291 Cr | |
| ₹3,635.60 | 44.02 | 56,826 Cr | 9.24 | 0.95% | 19.02% | 25.68% | 11,315 Cr | 1,292 Cr | |
| ₹879.45 | 73.29 | 54,889 Cr | 8.55 | 0.40% | 10.26% | 13.26% | 5,430 Cr | 746 Cr | |
| ₹2,135.00 | 68.12 | 41,328 Cr | 5.33 | 0.17% | 7.86% | 12.81% | 23,518 Cr | 1,109 Cr | |
| India Nippon Electricals (this company) | ₹1,169.50 | 23.79 | 2,646 Cr | 3.22 | 1.35% | 13.54% | 16.77% | 1,114 Cr | 111 Cr |
| Median 8 companies | ₹1,464.75 | 56.14 | 60,176 Cr | 7.99 | 0.44% | 12.47% | 16.24% | 19,376 Cr | 1,200 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
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Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company is almost debt free.
- Company has delivered good profit growth of 18.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 35.0%
Weaknesses
2- Company has a low return on equity of 11.5% over last 3 years.
- Earnings include an other income of Rs.45.8 Cr.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bullish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 12% · Mar 2026
Quarterly Results
| Particulars | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 158 | 160 | 190 | 179 | 196 | 187 | 210 | 215 | 234 | 225 | 273 | 272 | 299 |
| Expenses | 143 | 150 | 170 | 164 | 174 | 170 | 186 | 189 | 206 | 202 | 243 | 242 | 263 |
| Operating Profit | 15 | 10 | 20 | 15 | 22 | 17 | 24 | 26 | 28 | 23 | 30 | 29 | 37 |
| OPM % | 9% | 6% | 10% | 8% | 11% | 9% | 11% | 12% | 12% | 10% | 11% | 11% | 12% |
| Other Income | 5 | 6 | 5 | 6 | 8 | 11 | 9 | 2 | 9 | 12 | 7 | 9 | 18 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 6 | 4 | 4 | 4 | 5 |
| PBT | 16 | 12 | 21 | 17 | 26 | 23 | 28 | 21 | 30 | 30 | 32 | 33 | 50 |
| Tax % | 11% | 21% | 16% | 30% | 21% | 22% | 26% | 25% | 10% | 24% | 28% | 25% | 20% |
| Net Profit | 14 | 9 | 18 | 12 | 20 | 18 | 21 | 16 | 27 | 23 | 23 | 25 | 40 |
| EPS (₹) | 6.28 | 4.09 | 7.75 | 5.34 | 9.03 | 8.02 | 9.35 | 7.06 | 11.94 | 10.26 | 10.26 | 11.02 | 17.61 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 324 | 336 | 351 | 452 | 525 | 479 | 481 | 566 | 656 | 724 | 845 | 1,068 |
| Expenses | 290 | 301 | 316 | 388 | 449 | 424 | 436 | 517 | 603 | 658 | 751 | 950 |
| Operating Profit | 33 | 35 | 35 | 64 | 76 | 55 | 45 | 50 | 53 | 66 | 94 | 119 |
| OPM % | 10% | 10% | 10% | 14% | 14% | 11% | 9% | 9% | 8% | 9% | 11% | 11% |
| Other Income | 7 | 9 | 14 | 13 | 15 | 26 | 16 | 25 | 23 | 25 | 30 | 46 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 8 | 4 | 4 | 6 | 8 | 9 | 10 | 13 | 15 | 15 | 21 | 18 |
| PBT | 32 | 40 | 44 | 71 | 83 | 71 | 51 | 62 | 60 | 76 | 103 | 146 |
| Tax % | 29% | 27% | 33% | 29% | 29% | 24% | 22% | 18% | 20% | 22% | 20% | 24% |
| Net Profit | 23 | 29 | 30 | 50 | 59 | 54 | 40 | 50 | 48 | 59 | 82 | 111 |
| EPS (₹) | 10.21 | 12.8 | 13.08 | 22.01 | 25.88 | 24.02 | 17.52 | 22.21 | 21.32 | 26.21 | 36.37 | 49.14 |
| Div. Payout % | 44% | 35% | 38% | 30% | 27% | 28% | 34% | 28% | 43% | 39% | 34% | 32% |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 212 | 245 | 264 | 331 | 389 | 408 | 440 | 494 | 549 | 612 | 700 | 810 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 4 | 4 | 3 | 2 | 2 |
| Other Liabilities | 55 | 70 | 86 | 103 | 109 | 105 | 137 | 132 | 154 | 211 | 226 | 244 |
| Total Liabilities | 278 | 326 | 362 | 445 | 510 | 529 | 593 | 641 | 718 | 837 | 939 | 1,067 |
| Fixed Assets | 47 | 50 | 57 | 64 | 66 | 81 | 91 | 130 | 134 | 143 | 154 | 173 |
| CWIP | 1 | 2 | 3 | 7 | 7 | 13 | 34 | 5 | 13 | 13 | 4 | 7 |
| Investments | 126 | 154 | 189 | 226 | 261 | 262 | 261 | 278 | 355 | 432 | 472 | 532 |
| Other Assets | 104 | 121 | 112 | 148 | 176 | 173 | 207 | 228 | 215 | 249 | 308 | 355 |
| Total Assets | 278 | 326 | 362 | 445 | 510 | 529 | 593 | 641 | 718 | 837 | 939 | 1,067 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 30 | 33 | 42 | 27 | 36 | 52 | 38 | 7 | 57 | 63 | 50 | 40 |
| Investing | -17 | -14 | -36 | -17 | -17 | -7 | -34 | 28 | -46 | -39 | -12 | -18 |
| Financing | -11 | -17 | -7 | -8 | -18 | -38 | -15 | -15 | -22 | -25 | -30 | -36 |
| Net Cash Flow | 1 | 2 | -1 | 1 | 2 | 8 | -10 | 20 | -11 | -1 | 8 | -15 |
| Free Cash Flow | 19 | 27 | 29 | 9 | 21 | 45 | 1 | 4 | 32 | 39 | 26 | 14 |
| CFO/EBITDA | 114 | 118 | 152 | 70 | 80 | 126 | 109 | 33 | 128 | 118 | 77 | 60 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 66 | 69 | 75 | 72 | 67 | 83 | 76 | 66 | 71 | 73 | 71 |
| Inventory Days | 29 | 39 | 35 | 38 | 38 | 45 | 49 | 46 | 45 | 51 | 46 | 45 |
| Days Payable | 48 | 60 | 97 | 94 | 80 | 88 | 103 | 83 | 77 | 95 | 89 | 72 |
| Cash Conversion Cycle | 52 | 45 | 7 | 20 | 30 | 24 | 29 | 39 | 35 | 27 | 30 | 43 |
| Working Capital Days | 40 | 26 | 9 | 23 | 32 | 33 | 35 | 49 | 38 | 29 | 37 | 46 |
| ROCE % | 14% | 15% | 14% | 22% | 22% | 15% | 12% | 10% | 11% | 13% | 15% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about India Nippon Electricals
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What is the Return on Equity (ROE) of India Nippon Electricals Ltd?
Company Information
India Nippon Electricals is a manufacturer of Ignition Systems for two-wheelers, three-wheelers, and portable engines [1] It was incorporated in 1984 and was converted into a joint venture in 1986 between Lucas Indian Service Ltd, a wholly-owned subsidiary of Lucas-TVS Ltd and MAHLE Electric Drives Japan Corporation(Japan) – a company of MAHLE Group [2]
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