Indobell Insulations Ltd
Incorporated in May 1972, Indobell Insulation Limited manufactures insulation products.[1]
- Market Cap ₹ 69.9 Cr.
- Current Price ₹ 111
- High / Low ₹ 167 / 83.0
- Stock P/E 31.9
- Book Value ₹ 24.5
- Dividend Yield 1.80 %
- ROCE 23.7 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 28.2%
Cons
- Company has high debtors of 202 days.
- Working capital days have increased from 72.1 days to 141 days
* 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
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 9.61 | 20.77 | 17.82 | 25.72 | |
| 8.78 | 18.90 | 15.74 | 22.84 | |
| Operating Profit | 0.83 | 1.87 | 2.08 | 2.88 |
| OPM % | 8.64% | 9.00% | 11.67% | 11.20% |
| 0.16 | 0.29 | 0.10 | 0.77 | |
| Interest | 0.52 | 0.69 | 0.51 | 0.40 |
| Depreciation | 0.26 | 0.26 | 0.27 | 0.22 |
| Profit before tax | 0.21 | 1.21 | 1.40 | 3.03 |
| Tax % | 23.81% | 26.45% | 25.71% | 27.72% |
| 0.15 | 0.90 | 1.03 | 2.19 | |
| EPS in Rs | 2.20 | 13.19 | 2.52 | 3.48 |
| Dividend Payout % | 45.33% | 15.11% | 11.94% | 57.53% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 144% |
| TTM: | 113% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.68 | 0.68 | 4.10 | 6.30 |
| Reserves | 3.21 | 4.04 | 1.58 | 9.16 |
| 6.13 | 4.25 | 5.27 | 2.52 | |
| 4.87 | 3.35 | 4.34 | 7.57 | |
| Total Liabilities | 14.89 | 12.32 | 15.29 | 25.55 |
| 2.04 | 2.04 | 1.89 | 1.78 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.07 | 0.14 | 0.17 | 0.17 |
| 12.78 | 10.14 | 13.23 | 23.60 | |
| Total Assets | 14.89 | 12.32 | 15.29 | 25.55 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -2.82 | 3.13 | 0.25 | -4.32 | |
| -0.07 | -0.55 | -0.56 | -0.22 | |
| 3.27 | -2.50 | 0.43 | 5.66 | |
| Net Cash Flow | 0.38 | 0.08 | 0.11 | 1.12 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 97.23 | 67.66 | 134.98 | 201.94 |
| Inventory Days | 388.25 | 73.42 | 93.27 | 64.28 |
| Days Payable | 308.43 | 54.74 | 86.66 | 92.51 |
| Cash Conversion Cycle | 177.05 | 86.34 | 141.59 | 173.71 |
| Working Capital Days | 64.19 | 31.81 | 43.01 | 141.35 |
| ROCE % | 20.01% | 19.08% | 23.71% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11h - Export order of USD 22,700 from GE Vernova for insulation; execution by August 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11h - Indobell secured export order from GE Vernova for design and supply of insulation worth USD 161,900, execution by Aug 2026.
-
Letter Sent To Shareholders Whose Email Is Not Registered
4 Sep - On 4 Sep 2025 company sent letters to shareholders without registered emails with weblink to Integrated Annual Report 2024-25.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Aug - Newspaper Publication for the 53rd Annual General Meeting to be held on 17th September, 2025
-
Reg. 34 (1) Annual Report.
22 Aug - AGM on September 17, 2025; Annual Report released; dividend, director reappointment, auditor appointment; e-voting Sept 14–16.
Business Overview[1]
Indobell Insulations specializes in manufacturing insulation products like nodulated/granulated wool (mineral and ceramic fiber nodules) and prefabricated thermal insulation jackets.
The company provides services such as consultancy, engineering, fabrication, material supply, installation, supervision, and project management. It caters to industries such as power plants, railways, aeronautics, and navigation.
Product Portfolio[2][3]
1. Manufactured Products:
- Mineral Fiber Nodules: Used for thermal insulation, acoustic insulation, and construction.
- Ceramic Fiber Nodules: Suitable for brake blocks, heat shields, and industrial equipment.
- Prefabricated Thermal Insulation Jackets: Designed for energy conservation, safety, and process equipment insulation.