Indo National Ltd

Indo National Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indo National Ltd

₹ 548 -2.43%
20 Dec - close price
nippobatteries.com BSE: 504058 NSE: NIPPOBATRY
About

Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]

Key Points

Business Overview:[1][2]
INL is an ISO 9001, ISO 14001 and ISI certified dry battery company. It sells products under the brand name Nippo. Apart from that, INL also deals in a diverse range of flashlights, mosquito swatters, LED lighting products and electrical accessories. INL is the 2nd-largest player in the dry cell batteries industry in India, with capacity of 78.5 cr battery per annum and a market share of 30%+. It has an established distribution network comprising exclusive distributors, 2,500 exclusive stockists, 26 depots, and 17 lakh retail outlets and wholesalers

Website BSE NSE
  • Market Cap ₹ 411 Cr.
  • Current Price ₹ 548
  • High / Low ₹ 858 / 500
  • Stock P/E 2.94
  • Book Value ₹ 600
  • Dividend Yield 0.91 %
  • ROCE 8.22 %
  • ROE 4.11 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.91 times its book value

Cons

  • The company has delivered a poor sales growth of 7.64% over past five years.
  • Company has a low return on equity of 1.53% over last 3 years.
  • Earnings include an other income of Rs.190 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Dry cells Industry: Dry Cells

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
172.13 171.72 121.34 130.70 148.95 149.19 143.19 131.85 171.50 168.32 168.93 121.15 127.57
154.08 163.79 126.76 131.50 144.54 142.73 138.63 129.72 163.81 155.09 151.28 131.21 126.68
Operating Profit 18.05 7.93 -5.42 -0.80 4.41 6.46 4.56 2.13 7.69 13.23 17.65 -10.06 0.89
OPM % 10.49% 4.62% -4.47% -0.61% 2.96% 4.33% 3.18% 1.62% 4.48% 7.86% 10.45% -8.30% 0.70%
4.07 8.52 2.55 1.14 1.28 0.68 2.36 2.14 2.61 2.75 2.61 181.65 3.36
Interest 2.64 2.91 2.28 2.37 2.53 3.10 3.17 3.32 3.78 3.37 3.28 2.61 -0.49
Depreciation 3.28 3.46 3.27 3.52 3.59 5.26 4.55 4.11 4.38 4.49 4.66 4.53 2.86
Profit before tax 16.20 10.08 -8.42 -5.55 -0.43 -1.22 -0.80 -3.16 2.14 8.12 12.32 164.45 1.88
Tax % 28.58% 32.64% -16.39% -20.18% 58.14% 2.46% 102.50% 5.38% -41.59% 27.96% 26.22% 19.87% -15.43%
11.56 6.48 -7.27 -4.76 -0.63 -1.25 -1.62 -3.33 3.04 5.84 9.08 131.77 2.17
EPS in Rs 11.77 3.81 -8.97 -2.75 0.12 -1.49 -3.47 -0.71 5.73 4.59 3.20 178.12 2.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
361 377 394 443 508 532 570 572 641 586
337 346 352 402 447 475 544 557 600 564
Operating Profit 24 31 42 41 61 57 26 15 41 22
OPM % 7% 8% 11% 9% 12% 11% 5% 3% 6% 4%
18 15 15 17 -13 18 19 5 10 190
Interest 6 5 5 12 17 13 11 11 14 9
Depreciation 8 8 9 11 12 13 13 17 18 17
Profit before tax 28 33 43 35 18 50 21 -8 19 187
Tax % 53% 36% 29% 25% 43% 35% 36% -0% 25%
13 21 31 27 10 33 13 -8 15 149
EPS in Rs 18.89 25.57 29.79 24.56 1.88 40.51 10.59 -7.59 12.83 188.80
Dividend Payout % 66% 49% 34% 41% 133% 31% 47% -66% 39%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 6%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: -12%
3 Years: -32%
TTM: 60874%
Stock Price CAGR
10 Years: 4%
5 Years: 18%
3 Years: 6%
1 Year: -21%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 2%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4
Reserves 172 198 209 219 211 238 236 228 232 446
58 49 65 113 121 123 124 132 140 37
77 78 152 146 161 148 147 151 223 232
Total Liabilities 311 329 431 481 496 513 511 515 599 719
134 158 163 182 188 182 215 226 254 205
CWIP 1 2 14 5 1 1 2 4 2 4
Investments 0 0 0 0 0 0 0 0 0 129
177 169 254 295 307 330 294 284 343 381
Total Assets 311 329 431 481 496 513 511 515 599 719

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
37 44 38 -19 10 11 35 36 44
-21 -20 -12 -7 1 5 -35 -28 -38
-11 -30 -18 29 -9 -10 -20 -9 -9
Net Cash Flow 5 -6 8 2 2 5 -20 -1 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 81 82 116 113 83 103 61 80 76
Inventory Days 72 82 79 85 111 107 124 88 95
Days Payable 29 41 92 77 87 77 63 69 72
Cash Conversion Cycle 124 124 103 120 107 133 122 99 99
Working Capital Days 78 89 45 76 91 133 113 103 88
ROCE % 16% 18% 15% 18% 16% 7% 1% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35%
0.00% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.04%
34.64% 34.52% 34.65% 34.65% 34.64% 34.65% 34.64% 34.65% 34.65% 34.62% 34.65% 34.61%
No. of Shareholders 11,60711,79012,23512,64511,74911,87111,76611,28010,21611,05213,02713,434

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Sep 2021
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