India Nippon Electricals logo

India Nippon Electricals

INDNIPPON NSE

Key Fundamentals

MicrocapAuto ComponentsAutomobiles
Market Cap
₹2,979 Cr
Volatility
High Risk
P/E Ratio
27.65
EBITDA
₹149 Cr
Return on Equity
13.54%
Debt to Equity
0
Book Value
₹363.08
EPS
₹30.14
52W High
₹1,564
52W Low
₹675

Tapetide Score

Data-driven rating, 0–100. How it works →

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.

Growth Rate

Revenue Growth
25.63% higher than 3Y
Net Income Growth
35.12% higher than 3Y
Cash Flow Change
-18.74% higher than 3Y
ROE
17.03% higher than 3Y
ROCE
22.59% lower than 3Y
EBITDA Margin (Avg.)
-4.17% lower than 3Y

Quarterly Results

Particulars Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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 in Rs
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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 in Rs
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%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/OP
114
118
152
70
80
126
109
33
128
118
77
60
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.22%Promot.70.37%FIIs0.32%Others3.94%Public25.14%As ofJun 2026

Documents

1
Concall - Jun 2026 Jun 2026
2
Concall - Jun 2026 Jun 2026
3
Concall - Nov 2025 Nov 2025
4
Concall - Sep 2025 Sep 2025
5
Concall - Aug 2025 Aug 2025

Frequently Asked Questions about India Nippon Electricals

What does India Nippon Electricals Ltd do?
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 Driv...
Where is India Nippon Electricals Ltd (INDNIPPON) listed?
India Nippon Electricals Ltd trades as INDNIPPON on the NSE and under code 532240 on the BSE.
Which sector does India Nippon Electricals Ltd belong to?
India Nippon Electricals Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of India Nippon Electricals Ltd?
India Nippon Electricals Ltd has a market capitalisation of ₹2,979 Cr, which places it in the Small Cap band.
What is the PE ratio of India Nippon Electricals Ltd?
India Nippon Electricals Ltd trades at a PE ratio of 27.65, on earnings per share of ₹30.14, against a book value of ₹363.08 per share.
What is the 52-week high and low of India Nippon Electricals Ltd?
Over the last 52 weeks India Nippon Electricals Ltd has traded between ₹675 and ₹1,564.
Does India Nippon Electricals Ltd pay dividends?
India Nippon Electricals Ltd has a dividend yield of 1.13%.
What is the Return on Equity (ROE) of India Nippon Electricals Ltd?
India Nippon Electricals Ltd reported a return on equity of 13.54%. Its debt-to-equity ratio is 0.00.

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]

Website indianippon.com
CEO Mr. Arvind Balaji
Employees 577
Listed 1997-05-07
Face Value ₹ 5
Issued Size 2,26,21,424

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