Indobell Insulations Ltd
Incorporated in May 1972, Indobell Insulation Limited manufactures insulation products.[1]
- Market Cap ₹ 45.3 Cr.
- Current Price ₹ 71.9
- High / Low ₹ 130 / 44.8
- Stock P/E 56.6
- Book Value ₹ 25.8
- Dividend Yield 2.78 %
- ROCE 6.40 %
- ROE 5.05 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 148 to 106 days.
Cons
- Company has a low return on equity of 12.7% over last 3 years.
- Earnings include an other income of Rs.1.59 Cr.
- Working capital days have increased from 143 days to 244 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 | 15.58 | |
| 8.78 | 18.90 | 15.74 | 22.84 | 15.80 | |
| Operating Profit | 0.83 | 1.87 | 2.08 | 2.88 | -0.22 |
| OPM % | 8.64% | 9.00% | 11.67% | 11.20% | -1.41% |
| 0.16 | 0.29 | 0.10 | 0.77 | 1.59 | |
| Interest | 0.52 | 0.69 | 0.51 | 0.40 | 0.07 |
| 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% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| TTM: | -39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -4% |
| TTM: | -63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| 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 | 0.17 | |
| 4.87 | 3.35 | 4.34 | 7.57 | 3.49 | |
| 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% | -124% | -2,218% |
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 | 105.89 |
| Inventory Days | 388.25 | 73.42 | 93.27 | 64.28 | 230.42 |
| Days Payable | 308.43 | 54.74 | 86.66 | 92.51 | 65.55 |
| Cash Conversion Cycle | 177.05 | 86.34 | 141.59 | 173.71 | 270.76 |
| Working Capital Days | 64.19 | 31.81 | 43.01 | 141.35 | 244.11 |
| ROCE % | 20.01% | 19.08% | 23.71% | 6.40% |
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
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Indobell secured export order for steam turbine insulation blankets worth USD 170,000, executable by 04 July 2027.
-
Board Meeting Intimation for Fixing The AGM Date
Increase In Authorised Capital
Approval Of Directors Report
- Board meeting on 21 August 2026 to set AGM date, consider authorised capital increase to Rs 15 crore, approve FY26 report.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Indobell secured a USD 170,000 export order from GE Vernova, to be executed by 26 March 2027.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Indobell Insulations secured a Rs 1.57 crore domestic order from Sundaram Brake Linings, executable by March 2028.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Indobell Insulations secured a domestic order for Nodulated Wool worth Rs 48.74 million, executable by March 2028.
Annual reports
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.