Indo National Ltd

Indo National Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indo National Ltd

₹ 667 -2.24%
24 Apr - close price
nippobatteries.com BSE: 504058 NSE : NIPPOBATRY
About

Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]

Key Points

Business Overview:[1][2]
INL is an ISO 9001, ISO 14001 and ISI certified dry battery company. It sells products under the brand name Nippo. Apart from that, INL also deals in a diverse range of flashlights, mosquito swatters, LED lighting products and electrical accessories. INL is the 2nd-largest player in the dry cell batteries industry in India, with capacity of 78.5 cr battery per annum and a market share of 30%+. It has an established distribution network comprising exclusive distributors, 2,500 exclusive stockists, 26 depots, and 17 lakh retail outlets and wholesalers

Website BSE NSE
  • Market Cap ₹ 500 Cr.
  • Current Price ₹ 667
  • High / Low ₹ 858 / 316
  • Stock P/E 115
  • Book Value ₹ 307
  • Dividend Yield 0.75 %
  • ROCE 0.73 %
  • ROE -2.49 %
  • Face Value ₹ 5.00
Edit ratios

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.74% over past five years.
  • Company has a low return on equity of 4.51% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.9.86 Cr.

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
154.56 128.67 104.99 172.13 171.72 121.34 130.70 148.95 149.19 143.19 131.85 171.50 168.32
134.76 119.52 99.59 154.08 163.79 126.76 131.50 144.54 142.73 138.63 129.72 163.81 155.09
Operating Profit 19.80 9.15 5.40 18.05 7.93 -5.42 -0.80 4.41 6.46 4.56 2.13 7.69 13.23
OPM % 12.81% 7.11% 5.14% 10.49% 4.62% -4.47% -0.61% 2.96% 4.33% 3.18% 1.62% 4.48% 7.86%
5.52 4.97 3.62 4.07 8.52 2.55 1.14 1.28 0.68 2.36 2.14 2.61 2.75
Interest 3.30 3.04 2.81 2.64 2.91 2.28 2.37 2.53 3.10 3.17 3.32 3.78 3.37
Depreciation 3.19 3.15 3.17 3.28 3.46 3.27 3.52 3.59 5.26 4.55 4.11 4.38 4.49
Profit before tax 18.83 7.93 3.04 16.20 10.08 -8.42 -5.55 -0.43 -1.22 -0.80 -3.16 2.14 8.12
Tax % 40.73% 38.34% 32.24% 28.58% 32.64% 16.39% 20.18% -58.14% -2.46% -102.50% -5.38% -41.59% 27.96%
11.16 4.89 2.07 11.56 6.48 -7.27 -4.76 -0.63 -1.25 -1.62 -3.33 3.04 5.84
EPS in Rs 13.69 6.71 3.99 11.77 3.81 -8.97 -2.75 0.12 -1.49 -3.47 -0.71 5.73 4.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
361 377 394 443 508 532 570 572 615
337 346 352 402 447 475 544 557 587
Operating Profit 24 31 42 41 61 57 26 15 28
OPM % 7% 8% 11% 9% 12% 11% 5% 3% 4%
18 15 15 17 -13 18 19 5 10
Interest 6 5 5 12 17 13 11 11 14
Depreciation 8 8 9 11 12 13 13 17 18
Profit before tax 28 33 43 35 18 50 21 -8 6
Tax % 53% 36% 29% 25% 43% 35% 36% 0%
13 21 31 27 10 33 13 -8 4
EPS in Rs 18.89 25.57 29.79 24.56 1.88 40.51 10.59 -7.59 6.14
Dividend Payout % 66% 49% 34% 41% 133% 31% 47% -66%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 4%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 141%
Stock Price CAGR
10 Years: 14%
5 Years: 16%
3 Years: 22%
1 Year: 108%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 4
Reserves 172 198 209 219 211 238 236 228 227
58 49 65 113 121 123 124 132 165
77 78 152 146 161 148 147 151 209
Total Liabilities 311 329 431 481 496 513 511 515 605
134 158 163 182 188 182 215 226 236
CWIP 1 2 14 5 1 1 2 4 14
Investments 0 0 0 0 0 0 0 0 0
177 169 254 295 307 330 294 284 355
Total Assets 311 329 431 481 496 513 511 515 605

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
37 44 38 -19 10 11 35 36
-21 -20 -12 -7 1 5 -35 -28
-11 -30 -18 29 -9 -10 -20 -9
Net Cash Flow 5 -6 8 2 2 5 -20 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 81 82 116 113 83 103 61 80
Inventory Days 72 82 79 85 111 107 124 88
Days Payable 29 41 92 77 87 77 63 69
Cash Conversion Cycle 124 124 103 120 107 133 122 99
Working Capital Days 78 89 45 76 91 133 113 103
ROCE % 16% 18% 15% 18% 16% 7% 1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35% 65.35%
0.00% 0.16% 0.00% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
4.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.87% 34.49% 34.64% 34.52% 34.65% 34.65% 34.64% 34.65% 34.64% 34.65% 34.65% 34.62%
No. of Shareholders 7,54610,01311,60711,79012,23512,64511,74911,87111,76611,28010,21611,052

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Sep 2021
    Transcript
    Notes
    PPT