Indobell Insulations Ltd
Incorporated in May 1972, Indobell Insulation Limited manufactures insulation products.[1]
- Market Cap ₹ 45.5 Cr.
- Current Price ₹ 72.3
- High / Low ₹ 119 / 44.8
- Stock P/E 58.4
- Book Value ₹ 25.8
- Dividend Yield 2.77 %
- ROCE 6.77 %
- ROE 4.92 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 75.7%
- Debtor days have improved from 148 to 106 days.
Cons
- Company has a low return on equity of 12.6% over last 3 years.
- Earnings include an other income of Rs.1.59 Cr.
- Working capital days have increased from 143 days to 245 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 9.61 | 20.77 | 17.82 | 25.72 | 15.55 | |
| 8.78 | 18.90 | 15.74 | 22.84 | 15.66 | |
| Operating Profit | 0.83 | 1.87 | 2.08 | 2.88 | -0.11 |
| OPM % | 8.64% | 9.00% | 11.67% | 11.20% | -0.71% |
| 0.16 | 0.29 | 0.10 | 0.77 | 1.59 | |
| Interest | 0.52 | 0.69 | 0.51 | 0.40 | 0.18 |
| Depreciation | 0.26 | 0.26 | 0.27 | 0.22 | 0.27 |
| Profit before tax | 0.21 | 1.21 | 1.40 | 3.03 | 1.03 |
| Tax % | 23.81% | 26.45% | 25.71% | 27.72% | 23.30% |
| 0.15 | 0.90 | 1.03 | 2.19 | 0.80 | |
| EPS in Rs | 2.20 | 13.19 | 2.52 | 3.48 | 1.27 |
| Dividend Payout % | 45.33% | 15.11% | 11.94% | 57.53% | 157.50% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| TTM: | -40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| TTM: | -64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.68 | 0.68 | 4.10 | 6.30 | 6.30 |
| Reserves | 3.21 | 4.04 | 1.58 | 9.16 | 9.92 |
| 6.13 | 4.25 | 5.27 | 2.52 | 0.94 | |
| 4.87 | 3.35 | 4.34 | 7.57 | 2.72 | |
| Total Liabilities | 14.89 | 12.32 | 15.29 | 25.55 | 19.88 |
| 2.04 | 2.04 | 1.89 | 1.78 | 2.61 | |
| 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 | 17.10 | |
| Total Assets | 14.89 | 12.32 | 15.29 | 25.55 | 19.88 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -2.82 | 3.13 | 0.25 | -4.32 | 4.50 | |
| -0.07 | -0.55 | -0.56 | -0.22 | -1.34 | |
| 3.27 | -2.50 | 0.43 | 5.66 | -2.92 | |
| Net Cash Flow | 0.38 | 0.08 | 0.11 | 1.12 | 0.24 |
| Free Cash Flow | -2.95 | 2.87 | 0.13 | -4.43 | 3.42 |
| CFO/OP | -327% | 177% | 28% | -132% | -4,436% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 97.23 | 67.66 | 134.98 | 201.94 | 106.10 |
| Inventory Days | 388.25 | 73.42 | 93.27 | 64.28 | 245.09 |
| Days Payable | 308.43 | 54.74 | 86.66 | 92.51 | 69.73 |
| Cash Conversion Cycle | 177.05 | 86.34 | 141.59 | 173.71 | 281.47 |
| Working Capital Days | 64.19 | 31.81 | 43.01 | 141.35 | 244.59 |
| ROCE % | 20.01% | 19.08% | 23.71% | 6.77% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Ceramic Fibre Nodule Production Volume MT |
|
|
| Export Revenue Share (Foreign Exchange Earnings) % of Revenue from Operations |
||
| Manufacturing Revenue Share (Manufactured + Export Goods) % of Revenue from Operations |
||
| Nodulated Wool Production Volume MT |
||
| Number of Export Destinations Countries |
||
| Services Revenue Share (Insulation Application + Supervision) % of Revenue from Operations |
||
| Trading Goods Revenue Share % of Revenue from Operations |
||
| Permanent Employees on Rolls Count |
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Extracted by Screener AI
Documents
Announcements
-
Certificate For Utilization Of Funds Raised Through IPO
- 41 lakh IPO funds utilized in July-August 2026 for plant and machinery; 100% now spent.
-
Appreciation Letter Received From State Bank Of India (SBI)
- Indobell Insulations received an appreciation letter from State Bank of India.
-
Regulation 36(1)(B) Of The Listing Regulations
- Company sent annual report access letters to members without registered email addresses.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication (Post Dispatch of Notice) , on 3rd September, 2026, for the AGM to be held on Wednesday 30th September, 2026
- Reg. 34 (1) Annual Report.
Concalls
-
Jan 2026TranscriptPPT
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.