Indo National
Indo National (NIPPOBATRY) share price was ₹305.00 at the 28 Oct 2026 close; market capitalisation ₹229 Cr; sector Consumer Goods. The share price fell 31.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 2.8% year on year to ₹116.14 Cr and net profit was ₹2.01 Cr, against ₹1.02 Cr a year earlier (compared with Jun 2025). Promoters held 65.35% of Indo National in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 58/100 (Good) as of 28 Oct 2026.
Key Fundamentals
MicrocapHousehold ProductsFMCGPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM
Peer Comparison
Fast Moving Consumer Goods › Consumer Goods › Household Products
| ₹174.58 | 22.56 | 6,411 Cr | 4.04 | 2.02% | 18.07% | 22.69% | 2,903 Cr | 285 Cr | |
| ₹305.45 | 12.46 | 2,220 Cr | 3.56 | 0.83% | 27.53% | 23.86% | 1,593 Cr | 178 Cr | |
| ₹542.75 | 29.48 | 487 Cr | 4.30 | 0.56% | 13.80% | 19.60% | 91 Cr | 17 Cr | |
| ₹305.00 | — | 229 Cr | 0.76 | 1.24% | -8.68% | -7.06% | 456 Cr | -26 Cr | |
| ₹231.95 | 40.34 | 174 Cr | 1.69 | 0.85% | 3.38% | 5.32% | 279 Cr | 4 Cr | |
| ₹433.10 | 13.17 | 115 Cr | 2.05 | 0.69% | 14.84% | 19.89% | 168 Cr | 9 Cr | |
| ₹7.80 | 15.60 | 71 Cr | 16.60 | 0.00% | 74.04% | 22.57% | 47 Cr | 5 Cr | |
| Median 7 companies | ₹305.00 | 19.08 | 229 Cr | 3.56 | 0.83% | 14.84% | 19.89% | 279 Cr | 9 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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Key Insights
Strengths
3- Company has reduced debt.
- Stock is trading at 0.75 times its book value
- Debtor days have improved from 64.2 to 47.1 days.
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.18% over past five years.
- Company has a low return on equity of 11.4% over last 3 years.
- Contingent liabilities of Rs.106 Cr.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 0.1% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | 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 | 132 | 172 | 168 | 169 | 121 | 128 | 122 | 97.11 | 119 | 120 | 106 | 107 | 116 |
| Expenses | 130 | 164 | 155 | 151 | 131 | 127 | 133 | 99.05 | 117 | 116 | 113 | 125 | 116 |
| Operating Profit | 2.13 | 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 % | 1.62% | 4.48% | 7.86% | 10.45% | -8.3% | 0.7% | -9.18% | -2% | 2.34% | 3.31% | -6.42% | -16.91% | 0.1% |
| Other Income | 2.14 | 2.61 | 2.75 | 2.61 | 182 | 3.36 | 1.77 | 3.2 | 2.2 | 1.56 | 2.32 | 1.56 | 0.9 |
| Interest | 3.32 | 3.78 | 3.37 | 3.28 | 2.61 | -0.49 | 0.1 | 0.96 | 0.6 | 0.72 | 0.64 | 0.63 | 0.88 |
| Depreciation | 4.11 | 4.38 | 4.49 | 4.66 | 4.53 | 2.86 | 2.9 | 2.94 | 3.21 | 3.3 | 3.32 | 3.31 | 3.36 |
| PBT | -3.16 | 2.14 | 8.12 | 12.32 | 164 | 1.88 | -12.39 | -2.64 | 1.18 | 1.5 | -8.46 | -20.49 | -3.22 |
| Tax % | 5.38% | -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 | -3.33 | 3.04 | 5.84 | 9.08 | 132 | 2.17 | -12.07 | 0.08 | 1.02 | 1.13 | -7.85 | -21 | 2.01 |
| EPS (₹) | -0.71 | 5.73 | 4.59 | 3.2 | 178 | 2.89 | -16.09 | 0.11 | 1.36 | 1.84 | -10.45 | -27.88 | 2.85 |
Profit & Loss
| Particulars | 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 | 470 | 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% | -3.9% | -4.6% |
| Other Income | 18 | 15 | 15 | 17 | -13 | 18 | 19 | 5 | 10 | 190 | 7 | 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 |
| PBT | 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 (₹) | 18.89 | 25.57 | 29.79 | 24.56 | 1.88 | 40.51 | 10.59 | -7.59 | 12.83 | 165 | -35.12 | -33.64 |
| Div. Payout % | 66% | 49% | 34% | 41% | 133% | 31% | 47% | -66% | 39% | 3% | -11% | — |
Balance Sheet
| Particulars | 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 |
Cash Flow
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 37 | 44 | 38 | -19 | 10 | 11 | 35 | 36 | 44 | -56 | 42 |
| Investing | -21 | -20 | -12 | -7 | 1 | 5 | -35 | -28 | -38 | 80 | 16 |
| Financing | -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/EBITDA | 188 | 182 | 118 | -15 | 27 | 37 | 160 | 270 | 116 | 90 | -241 |
Ratios
| Particulars | 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 | 96 | 73 |
| ROCE % | — | 16% | 18% | 15% | 18% | 16% | 7% | 1% | 8% | 33% | -5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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67 extracted metrics + investor summaries across FY11–FY27.
Documents
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Company Information
Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]
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