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India Nippon Electricals Limited

India Nippon Electricals Limited

INDNIPPON.BO
India Nippon Electricals LimitedIN flagBombay Stock Exchange
997.50
INR
+12.45
- -
22.51BMarket Cap
India Nippon Electricals Limited
INDNIPPON.BO
(Bombay Stock Exchange)

Recent

price

997.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
82.87
121.29
118.92
116.12
144.88
148.47
153.97
198.48
230.14
209.64
211.17
246.35
285.66
316.82
373.44
472.3
472.39
Revenue per Share
-1.12
13.71
12.92
9.38
10.2
12.79
13.07
22.01
25.88
24.02
17.52
22.21
21.32
26.21
36.37
49.14
49.15
Basic EPS, GAAP
-4.99
1.97
7.22
5.32
8.51
11.76
12.84
4.04
9.17
14.73
0.49
-9.14
13.99
17.11
11.63
-0.83
- -
Free Cash Flow per Basic Share
2.63
2.48
4.5
4.5
4.25
6.75
2.92
3.61
7.84
12.96
6
6.25
9.25
10.25
12.5
15.5
- -
Dividend per Share
2.92
5.26
7.06
7.8
8.59
9.9
16.95
35.35
125.34
118.36
129.88
145.84
157.91
173.88
197.74
5
5
Book Value per Share
60.4
86.71
90.3
94.15
107.29
112.37
120.89
150.51
176.24
184.88
198.81
222.58
247
274.87
313.93
362.74
362.82
Tangible Book Value per Share
28
21
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
Basic Weighted Avg Shares
2,294
2,607
2,690
2,627
3,277
3,359
3,483
4,490
5,206
4,742
4,777
5,573
6,462
7,167
8,448
10,685
10,685
Sales/Revenue/Turnover
19.1
11.76
10.09
7.02
7.88
9.3
9.58
12.99
13.66
9.99
7.66
6.59
6.45
7.27
8.67
9.42
9.42
Operating Margin (%)
40
48
56
53
72
42
42
60
77
94
103
128
146
151
206
179
179
Depreciation Expense
-31
295
292
212
231
289
296
498
585
543
396
502
482
593
823
1,112
1,112
Net Income, GAAP
24.32
21.51
19.28
23.89
28.78
27.09
33.18
29.41
29.42
23.18
21.68
18.35
20.18
21.75
20.06
23.81
23.81
Effective Tax Rate (%)
-1.35
11.3
10.87
8.08
7.04
8.61
8.49
11.09
11.25
11.46
8.3
9.02
7.46
8.27
9.74
10.4
10.4
Profit Margin (%)
751
825
790
975
1,132
1,200
1,343
1,521
1,950
2,153
2,115
2,451
2,443
2,576
2,531
2,939
2,939
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
41
35
33
29
21
13
9
9
LT Debt
1,672
1,864
2,043
2,130
2,431
2,566
2,754
3,424
4,004
4,198
4,510
5,052
5,603
6,232
7,112
8,213
8,213
Total Equity
20.65
13.62
11.22
6.73
8.05
9.07
8.28
13
13.18
8.68
6.43
6.14
6.16
6.85
8.74
9.96
9.96
Return on Invested Capital (%)
-35.35
305.58
215.31
126.37
124.61
138.32
97.46
84.25
32.24
19.67
14.01
16.01
13.97
15.73
19.53
48.23
48.23
Return on Capital (%)
-38.39
303.98
214.3
126.34
124.53
138.32
97.36
84.17
32.21
19.72
14.12
16.11
14.04
15.8
19.57
48.48
48.48
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
8
- -
10
LT Borrowings
- -
- -
- -
LT Finance Leases
9
- -
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
- -
23
Market Capitalization
20,437
18,408
15,432

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,743
- -
4,880
Cash, Cash Equivalents & STI
1,624
- -
1,713
Accounts Receivable, Net
2,064
- -
2,065
Inventories
884
- -
909
Total Current Liabilities
1,902
- -
1,941
Payables & Accruals
- -
- -
- -
ST Debt
8
- -
10
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.46%
12.75%
15.49%
Free Cash Flow
-229.86%
-466.03%
-107.15%
Net Income, GAAP
17.36%
23.92%
35.11%
Sales/Revenue/Turnover
12.83%
17.58%
26.47%
Total Cash Common Dividend
20.46%
21.78%
23.97%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,598
1,897
1,789
1,883
7,167
2025
1,866
2,098
2,147
2,338
8,448
2026
2,247
2,726
2,718
2,995
10,685

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.09
7.75
5.34
- -
26.21
2025
8.02
9.35
7.06
11.94
36.37
2026
10.26
10.26
11.02
17.61
49.14

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10.25
2025
- -
- -
- -
- -
12.5
2026
- -
- -
- -
- -
15.5
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Business
India Nippon Electricals Limited manufactures electronic ignition systems, controllers, sensors, regulator rectifiers, fuel injection systems, AC generators, ignition coils, throttle position sensors and other automotive electrical components primarily for two-wheelers, three-wheelers, portable engines and electric vehicles in India and internationally. Incorporated in 1984 as a private limited company and converted to public limited status in 1986 as a joint venture between Lucas Indian Service Limited, a wholly-owned subsidiary of Lucas-TVS Ltd, and MAHLE Electric Drives Japan Corporation, a member of the MAHLE Group, the company is headquartered in Chennai, Tamil Nadu, with manufacturing facilities in Hosur and Puducherry; Lucas Indian Service Limited holds a majority promoter stake of around 70%. Its product portfolio includes advanced mechatronic solutions such as electronic control units, high-efficiency motor controllers, intelligent sensors and EV-specific technologies developed through its state-of-the-art R&D center, targeting original equipment manufacturers in the internal combustion engine and electric vehicle markets with a focus on energy efficiency, sustainability and aftermarket support. Recent developments include the expansion into electric vehicle product lines for emission control and compliance, strong financial performance with net sales rising 19.46% to Rs 233.76 crore in the March 2025 quarter, ongoing sustainability initiatives such as 85.2% renewable energy usage at the Hosur plant and 100% water recycling, alongside a nearly debt-free balance sheet and consistent dividend payouts.