1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
Indo National Limited

Indo National Limited

293.95
INR
-2.10
(-0.71%)
-34.29EPS
2.56BMarket Cap
Indo National Limited
NSE:NIPPOBATRY
(National Stock Exchange of India)

Recent

price

293.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
-46.21
409.81
405.99
419.19
410.58
482.55
503.56
525.52
590.98
677.56
709.08
760.24
762.7
854.14
623.29
603.29
599.22
Revenue per Share
0.02
11.24
5.2
16.95
38.56
18.89
25.57
29.79
24.56
1.87
40.5
10.59
-7.59
12.83
165.02
-35.12
-33.66
Basic EPS, GAAP
-0.01
12.9
20.3
-14.98
12.47
-6.81
13.87
14.89
-53.01
-5.63
0.57
-22.47
6.77
-1.56
-129.88
18.11
- -
Free Cash Flow per Basic Share
0.01
11.62
5.81
5.85
11.7
15
15.04
15.04
12.06
12.06
2.5
12.5
5
5
5
5
- -
Dividend per Share
0.19
189.84
189.19
194.44
215.59
255.74
269.56
284.32
296.62
285.72
322.66
320.26
308.64
314.91
584.22
403.4
- -
Book Value per Share
0.19
189.06
188.49
193.74
215.14
199.86
197.64
212.28
223.64
210.31
251
249.79
239.05
225.87
562.68
382.53
- -
Tangible Book Value per Share
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
7
Basic Weighted Avg Shares
-347
3,074
3,045
3,144
3,079
3,619
3,777
3,941
4,432
5,082
5,318
5,702
5,720
6,406
4,675
4,525
4,492
Sales/Revenue/Turnover
156.64
0.37
-0.83
2.34
5.96
4.66
6.02
8.38
6.89
9.54
8.45
2.37
-0.2
3.64
-7.55
-6.62
-7.6
Operating Margin (%)
- -
50
53
53
54
76
79
94
107
122
126
132
169
176
132
131
133
Depreciation Expense
- -
84
39
127
289
142
192
223
184
14
304
79
-57
96
1,238
-263
-252
Net Income, GAAP
32.52
28.07
7.15
30.51
27.91
53.11
35.59
28.54
24.72
43.4
34.73
35.91
- -
24.62
19.4
- -
- -
Effective Tax Rate (%)
-0.04
2.74
1.28
4.04
9.39
3.92
5.08
5.67
4.16
0.28
5.71
1.39
-1
1.5
26.48
-5.82
-5.62
Profit Margin (%)
1
1,024
985
965
1,176
952
678
645
906
1,115
1,508
1,224
825
955
1,720
965
- -
Working Capital
- -
1
- -
- -
- -
308
107
108
398
345
359
375
289
492
230
2
- -
LT Debt
1
1,424
1,419
1,458
1,617
1,886
2,076
2,274
2,445
2,451
2,726
2,757
2,619
2,735
4,709
3,076
- -
Total Equity
-22,592.25
1.07
-2.89
3.29
11.66
4.2
5.73
8.63
7.09
3.01
7.66
2.5
- -
4.31
-6
- -
- -
Return on Invested Capital (%)
100.33
11.52
2.66
9.08
17.93
8.1
7.92
6.16
5.14
-0.16
9.29
2.16
- -
3.32
26.91
- -
- -
Return on Capital (%)
10.59
11.83
2.74
8.84
18.81
8.02
9.74
10.76
8.46
0.64
13.31
3.3
-2.41
4.11
36.71
-7.11
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
391
- -
LT Borrowings
- -
2
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
3,053
1,944
2,562

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,916
- -
Cash, Cash Equivalents & STI
- -
111
- -
Accounts Receivable, Net
- -
584
- -
Inventories
- -
611
- -
Total Current Liabilities
- -
951
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
391
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.67%
7.61%
-34.68%
Free Cash Flow
283.82%
758.02%
-113.94%
Net Income, GAAP
255.4%
110.18%
-121.28%
Sales/Revenue/Turnover
2.98%
-2.14%
-3.21%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,212
1,276
1,216
971
4,675
2026
1,194
1,196
1,063
1,071
4,525
2027
1,161
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
178.11
2.89
-16.09
0.11
165.02
2026
1.37
1.85
-10.46
-27.87
-35.12
2027
2.85
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5
2026
- -
- -
- -
- -
5
2027
- -
- -
- -
- -
- -
Similar Companies
Lumentum Holdings Inc. (NASDAQ:LITE)
GE Vernova Inc. (NYSE:GEV)
Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
NuScale Power Corporation (NYSE:SMR)
Bharat Heavy Electricals Limited (NSE:BHEL)
Astor Enerji A.S. (BIST:ASTOR)
Business
Indo National Limited, along with its associated entities, specializes in the production and distribution of a broad array of consumer goods across India. The company offers a comprehensive range of dry cell batteries, including AA, AAA, C&D, alkaline, and 9V variants, under its well-established Nippo brand, which has been a trusted name for over five decades. Beyond batteries, its product portfolio extends to various lighting solutions such as flashlights, emergency power backup devices, and a diverse selection of LED products including bulbs, downlights, flood lights, and tubelights. Further diversifying its offerings, Indo National manufactures home care items like mosquito swatters and innovative mosquito repellents, in addition to holding exclusive distribution rights in India for DORCO brand razors and blades. The company also provides essential electrical accessories, including flex boxes and spike guards. Recently, Indo National has expanded its focus to include energy-efficient consumer electrical appliances such as BLDC fans and smart lighting, and is actively exploring advanced energy storage systems like lithium-ion battery manufacturing. To support its commitment to sustainability, the firm operates a solar-powered manufacturing facility and has launched the 'Re-Spark' initiative for battery recycling. Originally known as Nippo Batteries Co. Ltd., the company adopted the name Indo National Limited in April 2013. Established in 1972, Indo National Limited maintains its headquarters in Chennai, India.