Indo National Ltd

₹ 502 5.32%
Jan 25 9:45 a.m.
About

Indo National is engaged in the business of manufacture and marketing of batteries, torches, LED products, emergency power backup products, mosquito bats and other electrical goods.

  • Market Cap 377 Cr.
  • Current Price 502
  • High / Low 641 / 321
  • Stock P/E 13.9
  • Book Value 338
  • Dividend Yield 2.49 %
  • ROCE 18.1 %
  • ROE 13.4 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 68.18%

Cons

  • The company has delivered a poor sales growth of 8.04% over past five years.
  • Company has a low return on equity of 8.01% for last 3 years.
  • Contingent liabilities of Rs.128.35 Cr.
  • Earnings include an other income of Rs.18.18 Cr.
  • Promoter holding has decreased over last 3 years: -9.50%

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
122.87 121.82 108.06 140.43 149.08 110.61 88.68 159.90 154.56 128.67 104.99 172.13
112.15 102.90 101.58 118.53 130.86 96.55 82.29 137.97 134.76 119.52 99.62 154.08
Operating Profit 10.72 18.92 6.48 21.90 18.22 14.06 6.39 21.93 19.80 9.15 5.37 18.05
OPM % 8.72% 15.53% 6.00% 15.59% 12.22% 12.71% 7.21% 13.71% 12.81% 7.11% 5.11% 10.49%
Other Income 4.49 4.56 3.32 4.23 4.09 -25.09 3.59 4.33 5.52 4.97 3.62 4.07
Interest 3.15 3.64 3.58 4.34 4.05 4.60 3.69 3.25 3.30 3.04 2.78 2.64
Depreciation 2.70 2.85 2.91 3.02 3.12 3.17 3.12 3.12 3.19 3.15 3.17 3.28
Profit before tax 9.36 16.99 3.31 18.77 15.14 -18.80 3.17 19.89 18.83 7.93 3.04 16.20
Tax % -1.60% 23.37% 40.48% 29.89% 28.80% 17.55% 33.75% 27.80% 40.73% 38.34% 32.24% 28.58%
Net Profit 5.95 6.97 1.08 9.97 7.77 -17.42 3.14 11.94 10.27 5.03 2.99 8.83
EPS in Rs 7.93 9.29 1.44 13.29 10.36 -23.23 4.19 15.92 13.69 6.71 3.99 11.77

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
361 377 394 443 508 532 560
337 346 352 402 447 474 508
Operating Profit 24 31 42 41 61 58 52
OPM % 7% 8% 11% 9% 12% 11% 9%
Other Income 18 15 15 17 -13 18 18
Interest 6 5 5 12 17 13 12
Depreciation 8 8 9 11 12 13 13
Profit before tax 28 33 43 35 18 50 46
Tax % 53% 36% 29% 25% 43% 35%
Net Profit 14 19 22 18 1 30 27
EPS in Rs 18.89 25.57 29.79 24.56 1.88 40.51 36.16
Dividend Payout % 66% 49% 34% 41% 133% 31%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 11%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 11%
TTM: 399%
Stock Price CAGR
10 Years: 9%
5 Years: -1%
3 Years: 11%
1 Year: 45%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 8%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
4 4 4 4 4 4 4
Reserves 172 198 209 219 211 238 249
Borrowings 58 49 65 113 121 123 106
77 78 152 146 161 148 172
Total Liabilities 311 329 431 481 496 513 531
134 158 163 182 188 182 180
CWIP 1 2 14 5 1 1 11
Investments 0 0 0 0 0 0 0
177 169 254 295 307 330 339
Total Assets 311 329 431 481 496 513 531

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
37 44 38 -19 10 10
-21 -20 -12 -7 1 8
-11 -30 -18 29 -9 -13
Net Cash Flow 5 -6 8 2 2 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 81 82 116 113 83 103
Inventory Days 72 82 79 85 111 107
Days Payable 29 41 92 77 87 77
Cash Conversion Cycle 124 124 103 120 107 133
Working Capital Days 78 90 63 93 103 133
ROCE % 16% 18% 15% 19% 18%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
74.85 70.68 70.68 65.35 65.35 65.35 65.35 65.35 65.35 65.35 65.35 65.35
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.00
0.01 0.00 0.00 5.34 5.33 5.33 5.33 5.33 5.33 4.77 0.00 0.00
25.14 29.31 29.31 29.31 29.31 29.31 29.31 29.31 29.31 29.87 34.49 34.64

Documents