Indo National
NIPPOBATRY NSE
Indo National
Consumer GoodsNSE: NIPPOBATRY BSE: 504058 Household Products
Key Fundamentals
MicrocapHousehold ProductsConsumer GoodsMarket Cap
₹237 Cr
Volatility
Moderate
P/E Ratio
-9.4
EBITDA
₹-18.18 Cr
Return on Equity
25.9%
Debt to Equity
0.11
Book Value
₹403.4
EPS
₹191.64
52W High
₹495.05
52W Low
₹257
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Stock is trading at 0.79 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.107 Cr.
Growth Rate
Revenue Growth
-31.17% lower than
3Y
Net Income Growth
-122% higher than
3Y
Cash Flow Change
-228% higher than
3Y
ROE
384% higher than
3Y
ROCE
219%
EBITDA Margin (Avg.)
-115% higher than
3Y
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 in Rs | -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 | 471 | 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% | -4% | -4.6% |
| Other Income | 18 | 15 | 15 | 17 | -13 | 18 | 19 | 5 | 10 | 190 | 8 | 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 in Rs | 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 | 40 |
| Investing | -21 | -20 | -12 | -7 | 1 | 5 | -35 | -28 | -38 | 80 | 17 |
| 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/OP | 188 | 182 | 118 | -15 | 27 | 37 | 160 | 270 | 116 | 90 | -226 |
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 | 97 | 73 |
| ROCE % | — | 16% | 18% | 15% | 18% | 16% | 7% | 1% | 8% | 33% | -5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indo National insights
65 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Updates on Acquisition
11 Sep - Indo National invested Rs 25.02 lakh in MMSPL, raising stake to 62.28%. 11 Sep - Indo National invested Rs 25.02 lakh in MMSPL, raising stake to 62.28%.
2
Board Meeting Intimation for Board Meeting Intimation For Approval Of Financial Results For The Quarter And Year Ended 31St March, 2026
4 May - Board meeting on 15 May 2026 to approve FY26 audited results and consider dividend. 4 May - Board meeting on 15 May 2026 to approve FY26 audited results and consider dividend.
3
Board Meeting Intimation for Board Meeting Intimation For Approval Of Financial Results For The Quarter And Year Ended 31St March, 2026
4 May - Board meeting on 15 May 2026 to approve FY26 audited results and consider dividend. 4 May - Board meeting on 15 May 2026 to approve FY26 audited results and consider dividend.
4
Board Meeting Outcome for Outcome Of Board Meeting
30 Apr - Board approved 51% acquisition of Aidin Technologies in two tranches; total consideration about Rs 78 crore. 30 Apr - Board approved 51% acquisition of Aidin Technologies in two tranches; total consideration about Rs 78 crore.
5
Board Meeting Outcome for Outcome Of Board Meeting
30 Apr - Board approved 51% acquisition of Aidin Technologies in two tranches; total consideration about Rs 78 crore. 30 Apr - Board approved 51% acquisition of Aidin Technologies in two tranches; total consideration about Rs 78 crore.
Frequently Asked Questions about Indo National
What does Indo National Ltd do?
Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]
Where is Indo National Ltd (NIPPOBATRY) listed?
Indo National Ltd trades as NIPPOBATRY on the NSE and under code 504058 on the BSE.
Which sector does Indo National Ltd belong to?
Indo National Ltd is classified under the Consumer Goods sector, in the Household Products industry.
What is the market capitalisation of Indo National Ltd?
Indo National Ltd has a market capitalisation of ₹237.49 Cr, which places it in the Small Cap band.
What is the PE ratio of Indo National Ltd?
Indo National Ltd trades at a PE ratio of -9.40, on earnings per share of ₹191.64, against a book value of ₹403.4 per share.
What is the 52-week high and low of Indo National Ltd?
Over the last 52 weeks Indo National Ltd has traded between ₹257 and ₹495.05.
Does Indo National Ltd pay dividends?
Indo National Ltd has a dividend yield of 1.16%.
What is the Return on Equity (ROE) of Indo National Ltd?
Indo National Ltd reported a return on equity of 25.90%. Its debt-to-equity ratio is 0.11.
Company Information
Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]
Website nippo.in
CEO Mr. Rajendra Prasad Khaitan
Employees 476
Listed 1999-10-06
Face Value ₹ 5
Issued Size 75,00,000
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