INDNIPPONConsumer Discretionary

India Nippon Electricals Limited

Auto Components & Equipments · ISIN INE092B01025 · BSE 532240 · NSE EQ · FV ₹5
Last price
₹1,262
+1.74%today
What this company does

India Nippon Electricals Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹299 cr of revenue in its latest quarter (Q4 FY26) and kept 13.3% of sales as profit.

Company Driven by Innovation. At India Nippon Electricals Limited (also referred to as ‘INEL,’ ‘The Company’ or ‘We’), we have earned our place in the industry by doing one thing consistently, delivering reliable, high-performance electronic ignition systems tailored for two-wheelers. Trusted by leading OEMs, we focus on engineering custom ignition components that are application-specific and performance-driven.
In the report:
75out of 100
Equitytale Health Score
Solid

Healthier than 75% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
58

At close. Not part of the score.

Profitability & returns83

How much profit it earns on the money it employs

Balance sheet94

How much it owes, and whether earnings cover the interest

Cash quality43

Whether reported profit actually arrives as cash

Growth & consistency86

Whether sales and profit have grown, and how steadily

Valuation43

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 28% vs last year
Profit up 47% vs last year
Promoters hold 70%
No promoter shares pledged
Strong 19% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in INDNIPPON?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,262 +1.74%
latest close · 2026-09-17
1-year return
+268.6%
52-wk low ₹32052-wk high ₹1,564
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.9Average
LowAverageHigh
P/B ratio3.48High
Below bookModerateHigh
EV / EBITDA12.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.4%Strong
WeakFairStrong ▸15%
Return on capital23.1%Strong
WeakFairStrong
Net margin13.3%Decent
ThinDecentStrong
EBITDA margin18.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover179.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.51Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,855 cr
Book value
₹363
EPS
₹17.61
latest quarter
Net debt
₹-6 cr
more cash than debt
Enterprise value
₹2,850 cr
EBITDA
₹221 cr
annualised
EBIT
₹201 cr
annualised
Operating margin
16.8%
Return on assets
14.9%
Earnings yield
5.58%
P/S
2.38
Sales / share
₹529.5
Tax rate
20.5%
Face value
₹5
Shares
2.3 cr
Working capital
₹294 cr
Current assets
₹488 cr
Current liabilities
₹194 cr
Delivery %
42.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹172₹443, midpoint ₹274

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY26 (consolidated)
Revenue from Operations₹299 cr
Other Income₹3 cr
Total Income₹303 cr
Cost of Materials₹190 cr
Purchases of Stock-in-Trade₹11 cr
Inventory Change (±)₹8 cr
Employee Benefit Expense₹31 cr
Finance Costs₹28 L
Depreciation & Amortisation₹5 cr
Other Expenses₹23 cr
Total Expenses₹268 cr
Exceptional Items₹15 cr
Profit before Tax₹50 cr
Tax Expense₹10 cr
Net Profit₹40 cr
Net margin on total income13.2%
Where the money goes · Q4 FY26
% of total income
Materials + stock-in-trade₹209 cr65.8%
Employee benefit expense₹31 cr9.6%
Finance costs₹28 L0.1%
Depreciation & amortisation₹5 cr1.6%
Other expenses₹23 cr7.2%
Tax expense₹10 cr3.2%
Profit for the period₹40 cr12.5%
Total income ₹303 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY26Q3 FY26Q4 FY26
Revenue273 cr272 cr299 cr
Total income279 cr280 cr303 cr
Expenses247 cr247 cr268 cr
Profit before tax32 cr33 cr50 cr
Tax9 cr8 cr10 cr
Net profit (owners' share)23 cr25 cr40 cr
Net margin (owners' share, on revenue)8.5%9.2%13.3%
EPS (₹)10.2611.0217.61
YoY (latest quarter): total income +24.9% · net profit +47.4%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,067 cr
Shareholder equity
₹821 cr
parent shareholders
Total debt
₹0 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹94 L
Investing
₹-13 cr
Financing
₹-61 L
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.23%
trailing 12 months
Dividend / share (TTM)
₹15.5
Last dividend
₹15.5
ex 20 Feb 2026
ActionDetailEx-date
Dividend₹15.5 / share20 Feb 2026
Dividend₹12.5 / share21 Feb 2025
Dividend₹10.25 / share23 Feb 2024
Dividend₹9.25 / share24 Feb 2023
Dividend₹6.25 / share21 Feb 2022
Dividend₹6 / share8 Apr 2021
Who owns it · 2026-06-30
No pledge
Promoter
70.4%
FII / Foreign
0.3%
DII / Domestic
0.2%
Retail / others
29.1%
Smart-money activity
Insider trades
BoughtLucas Indian Service Ltd · Promoters14.15 L · ₹62.0 cr26 Jun 23
BoughtLucas Indian Service Ltd · Promoters30.00 L · ₹106.9 cr26 Jun 23
SoldMahle Electric Drives Japan Corporation · Promoters14.15 L · ₹62.0 cr26 Jun 23
Bulk / block deals
SoldMAHLE ELECTRIC DRIVES JAPAN CORPORATION · NSE14.15 L @ ₹43826 Jun 23
BoughtLUCAS INDIAN SERVICE LTD · NSE14.15 L @ ₹43826 Jun 23
SoldMAHLE ELECTRIC DRIVES JAPAN CORPORATION · NSE14.15 L @ ₹43826 Jun 23
Stake changes
BoughtLucas Indian Service Limited alongwith PAC · promoter→ 70.39% · 44.15 L26 Jun 23
SoldMahle Holding India Private Limited · promoter→ 0.00% · 30.00 L26 Jun 23
SoldMAHLE Electric Drives Japan Corporation · promoter→ 0.00% · 14.15 L26 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2025
Backed by 100% of shareholders other than promotersneeded 50%
2.58 L votes for, 1,288 against · 0% of mutual funds and other big investors said no
2
To confirm the Interim Dividend for the year 2024-25
Backed by 100% of shareholders other than promotersneeded 50%
2.59 L votes for, 13 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mrs. Priyamvada Balaji (DIN: 00730712), who retires by rotation and being eligible offers herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
2.58 L votes for, 1,288 against · 0% of mutual funds and other big investors said no
4
To ratify the remuneration payable to Mr. K Suryanarayanan, the Cost Auditor of the Company for the financial year ending 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
2.58 L votes for, 1,288 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 70.4% between them · as of 2026-06-30
Lucas Indian Service Limited70.32%
Sheela Balaji0.02%
Sowmyan Ramakrishnan0.02%
T K Balaji0.01%
Lucas TVS Limitedno shares
Mala Ramakrishnanno shares
V A Raghuno shares
Vatsala Raghuno shares
Business done with them
FY2026 · 2 of the group
The company paid ₹34 cr to companies in the promoter group last year — about 3.2% of its ₹1,068 cr revenue and received ₹73 cr back from them.
LUCAS INDIAN SERVICE LIMITED
Sold goods to them · Sale of products, Rent paid, Dividend paid, Trade Payable
also owns 70.32% of the company
₹61 cr
company received
LUCAS INDIAN SERVICE LIMITED
Other payments to them · Sale of products, Rent paid, Dividend paid, Trade Payable
also owns 70.32% of the company
₹25 cr
company paid
LUCAS TVS LIMITED
Contribution received from them · Purchase of raw materials , Rent expenses, Reimbursement of expense, Travel reimbursements received, Management fees,Dividend received, Trade payables, Investments in Equity Shares accounted as fair value through comprehensive income- 26412
₹12 cr
company received
LUCAS TVS LIMITED
Other payments to them · Purchase of raw materials , Rent expenses, Reimbursement of expense, Travel reimbursements received, Management fees,Dividend received, Trade payables, Investments in Equity Shares accounted as fair value through comprehensive income- 26412
₹9 cr
company paid
LUCAS TVS LIMITED
Bought goods from them · Purchase of raw materials , Rent expenses, Reimbursement of expense, Travel reimbursements received, Management fees,Dividend received, Trade payables, Investments in Equity Shares accounted as fair value through comprehensive income- 26412
₹37 L
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.