Indobell Insulations Ltd
Incorporated in May 1972, Indobell Insulation Limited manufactures insulation products.[1]
- Market Cap ₹ 44.1 Cr.
- Current Price ₹ 70.0
- High / Low ₹ 167 / 63.0
- Stock P/E 19.7
- Book Value ₹ 25.3
- Dividend Yield 2.86 %
- ROCE 23.7 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.2%
Cons
- Earnings include an other income of Rs.2.12 Cr.
- 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 | TTM | |
|---|---|---|---|---|---|
| 9.61 | 20.77 | 17.82 | 25.72 | 27.19 | |
| 8.78 | 18.90 | 15.74 | 22.84 | 25.76 | |
| Operating Profit | 0.83 | 1.87 | 2.08 | 2.88 | 1.43 |
| OPM % | 8.64% | 9.00% | 11.67% | 11.20% | 5.26% |
| 0.16 | 0.29 | 0.10 | 0.77 | 2.12 | |
| Interest | 0.52 | 0.69 | 0.51 | 0.40 | 0.21 |
| Depreciation | 0.26 | 0.26 | 0.27 | 0.22 | 0.22 |
| Profit before tax | 0.21 | 1.21 | 1.40 | 3.03 | 3.12 |
| Tax % | 23.81% | 26.45% | 25.71% | 27.72% | |
| 0.15 | 0.90 | 1.03 | 2.19 | 2.24 | |
| EPS in Rs | 2.20 | 13.19 | 2.52 | 3.48 | 3.55 |
| Dividend Payout % | 45.33% | 15.11% | 11.94% | 57.53% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 78% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 144% |
| TTM: | 133% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.68 | 0.68 | 4.10 | 6.30 | 6.30 |
| Reserves | 3.21 | 4.04 | 1.58 | 9.16 | 9.64 |
| 6.13 | 4.25 | 5.27 | 2.52 | 0.60 | |
| 4.87 | 3.35 | 4.34 | 7.57 | 2.18 | |
| Total Liabilities | 14.89 | 12.32 | 15.29 | 25.55 | 18.72 |
| 2.04 | 2.04 | 1.89 | 1.78 | 2.03 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.07 | 0.14 | 0.17 | 0.17 | 0.17 |
| 12.78 | 10.14 | 13.23 | 23.60 | 16.52 | |
| Total Assets | 14.89 | 12.32 | 15.29 | 25.55 | 18.72 |
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
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Corrigendum To The Outcome Of The Board Meeting Dated 17.12.2025
13m - Indobell corrects EGM date in Board outcome: Monday, January 12, 2026 (rectifies typo in December 17, 2025 filing).
-
Board Meeting Outcome for Outcome Of Board Meeting
22h - Board approved ESOP 'Indobell 2025' for 315,000 options (5%); EGM scheduled January 12, 2025.
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Board Meeting Intimation for EMPLOYEE STOCK OPTION PLAN
10 Dec - Board meeting Dec 17, 2025 to approve Indobell ESOP 2025 and seek EGM shareholder approval.
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Non Applicability Of Submission Of Related Party Disclosure Under Regulation 23(9) Of SEBI LODR 2015
24 Nov - Indobell: related-party disclosure for half-year ended Sep 30, 2025 not applicable due to SME limits.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
24 Nov - Secured USD 57,000 export order from GE Electric (Warszawa) for direct labour, execution by January 2026.
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.