Indo National Limited share price

Indo National Limited manufactures and distributes dry cell batteries, rechargeable batteries, flashlights, and general lighting products in India. It offers alkaline and zinc batteries; battery-operated and rechargeable torches; LED lighting, including battens, spotlights, down and panel light, rechargeable bulbs, and regular bulbs. The company also provides spike guards and flex boxes; mosquito swatters and mosquito repellents under the Swooper brand, and liquid vaporizers; electrical products; other FMCG products; and razors and blades under the DORCO brand. In addition, the company engages in investment activities, solar power supply, and the manufacturing of air purifiers. The company …Read more

Website NSE BSE

IndustrialsElectrical Equipment & PartsNSE: NIPPOBATRYISIN INE567A01028

16 Oct 2026, 3:29 PM IST₹312.35▲ 3.40 (1.10%)

Market Cap₹ 234 Cr.
Current Price₹ 312.35
High / Low₹ 469 / 257
Stock P/E—
Book Value₹ 403
Dividend Yield1.21 %
ROCE-7.1 %
ROE-7.10 %
Face Value₹ 5.0

More figures (10)

EPS (TTM)₹ -33.63
Price / Book0.77
OPM-6.6 %
Debt / Equity0.13
Sales growth (5Y)-3.2 %
Profit growth (5Y)—
Promoter holding71.2 %
EV / EBITDA-13.3
Beta0.46
All-time high₹ 858

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
NIPPOBATRY	-3.46%	-6.37%	-2.57%	-23.27%	-30.36%	-15.35%	-9.44%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Indo National Limited is in the Electrical Equipment & Parts industry (Industrials), with a market value of ₹234 crore.
Revenue grew -3.2% a year over the last 5 years.
Return on equity was -7.1% and return on capital employed -7.1% in the latest year.
Debt was 0.13 times shareholders' equity.
The share price is 33.4% below its 52-week high and down 30.4% over one year.
Promoters and insiders hold about 71.2%; institutions about 0.0%.

Pros

Borrowings are moderate at 0.13 times shareholders' equity.
Promoters hold a large stake of 65.35%.

Cons

Interest cover is thin: operating earnings are -7.5 times the interest cost.
Sales growth has been slow: -3.2% a year over the last 5 years.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Indo National Limited

Employees: 523
Head office: Chennai

Peer comparison

Company	Market cap (₹ Cr)	P/E	P/B	ROE	OPM	Sales CAGR	Div. yield
Indo National LimitedNIPPOBATRY	234	—	0.77	-7.1%	-6.6%	-7.5%	1.21%
CG Power and Industrial Solutions LimitedCGPOWER	1,33,285	106.7	16.72	20.4%	11.8%	+21.2%	0.16%
Hitachi Energy India LimitedPOWERINDIA	1,29,215	112.3	24.96	21.0%	14.8%	+22.2%	0.03%
Polycab India LimitedPOLYCAB	1,23,807	39.2	9.46	24.5%	13.1%	+26.6%	0.57%
Finolex Cables LimitedFINCABLES	20,918	26.1	3.44	12.3%	9.4%	+11.8%	0.65%
Amara Raja Energy & Mobility LimitedARE&M	13,599	14.8	1.68	11.6%	6.6%	+10.0%	1.44%

Companies in the same industry (Electrical Equipment & Parts). Tap a heading to sort. Sorting is a way to explore data, not a recommendation.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	132	172	168	169	121	128	122	97	119	239	106	107	116
YOY Sales Growth %	0.87%	15.14%	12.83%	17.98%	-8.11%	-25.62%	-27.74%	-42.52%	-1.41%	87.38%	-12.60%	10.31%	-2.76%
	130	164	155	151	131	127	133	99	117	232	113	125	116
Material Cost %	61%	60%	57%	54%	59%	64%	64%	63%	61%	60%	62%	63%	59%
Employee Cost %	18%	15%	15%	15%	20%	15%	16%	19%	16%	16%	19%	17%	15%
Other Expenses %	20%	21%	20%	20%	29%	20%	30%	21%	20%	21%	25%	37%	26%
Operating Profit	2	8	13	18	-10	1	-11	-2	3	7	-7	-18	0
OPM %	2%	4%	8%	10%	-8%	1%	-9%	-2%	2%	3%	-6%	-17%	0%
Other Income	2	3	3	3	182	3	2	3	2	4	2	2	1
Interest	3	4	3	3	3	-0	0	1	1	1	1	1	1
Depreciation	4	4	4	5	5	3	3	3	3	7	3	3	3
Profit before tax	-3	2	8	12	164	2	-12	-3	1	3	-8	-20	-3
		-42%	28%	26%	20%	-15%			10%	20%
Current tax	0	0	1	2	35	-0	-0	-3	0	1	-1
Deferred tax	-0	-1	1	2	-3	-0	-0	-0	-0	-0	0	1	-5
	-3	3	6	9	132	2	-12	0	1	2	-8	-21	2
Profit from associates									-0
Minority share	-3	-1	2	7	-2					-0	-0	-0	-0
Profit to shareholders	-1	4	3	2	134	2	-12	0	1	2	-8	-21	2
YOY Profit Growth %						-28.66%	-306.53%	-99.10%	-99.22%	-0.29%		-25,739.93%	96.14%
EPS in Rs	-0.70	5.73	4.59	3.20	178.11	2.89	-16.09	0.11	1.37	3.21	-10.46	-27.87	2.85
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	105	135	122	104	112	128	122	97	119	239	106	106	116
YOY Sales Growth %		25.80%	10.56%	9.17%	5.90%	-5.85%	0.08%	-6.28%	6.97%	86.96%	-12.76%	9.56%	-3.01%
	103	128	118	103	108	126	120	98	116	230	111	112	115
Material Cost %	62%	61%	61%	62%	62%	64%	64%	63%	61%	60%	62%	63%	59%
Employee Cost %	16%	13%	15%	17%	17%	15%	15%	18%	16%	16%	19%	17%	15%
Other Expenses %	19%	20%	21%	21%	17%	20%	19%	20%	20%	20%	24%	25%	26%
Operating Profit	3	8	4	1	4	1	2	-1	3	9	-5	-5	0
OPM %	3%	6%	3%	1%	3%	1%	1%	-1%	3%	4%	-5%	-5%	0%
Other Income	1	2	2	1	1	3	2	2	2	4	2	2	1
Interest	1	1	1	1	1	0	0	0	1	1	1	1	1
Depreciation	2	2	2	2	3	3	3	3	3	6	3	3	3
Profit before tax	1	6	2	-1	1	2	0	-2	2	5	-7	-8	-3
	26%	19%	18%		7%	-17%	-132%		7%	11%
Current tax	0	1	1	-0	0	-0	-0	1	0	1	-1
Deferred tax	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	1	-5
	1	5	2	-1	1	2	1	-3	2	4	-7	-8	2
YOY Profit Growth %		164.33%	140.37%		25.71%	-58.37%	-66.43%		60.36%	115.16%	-1,147.72%		41.03%
EPS in Rs	1.07	6.41	2.51	-1.05	1.35	2.67	0.84	-3.51	2.16	5.74	-8.83	-10.77	3.05
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	330	532	570	572	641	467	452	569
YOY Sales Growth %		61.29%	7.22%	0.32%	11.99%	-27.03%	-3.21%
	307	475	544	557	600	490	471	587
Material Cost %	63%	56%	60%	63%	58%	62%	61%	61%
Employee Cost %	14%	15%	15%	15%	16%	17%	17%	17%
Other Expenses %	16%	18%	20%	19%	20%	25%	26%	26%
Operating Profit	23	57	26	15	41	-22	-18	-18
OPM %	7%	11%	5%	3%	6%	-5%	-4%	-3%
	18	18	19	5	10	190	8	9
Exceptional items	-29
Interest	6	13	11	11	14	3	3	3
Depreciation	6	13	13	17	18	13	13	16
Profit before tax	1	50	21	-8	19	151	-26	-29
	52%	35%	36%		25%	19%
Current tax	1	15	6	4	3	32
Deferred tax	-1	2	2	-4	1	-3	0
	0	33	13	-8	15	122	-27	-25
Profit from associates			-1
Minority share		2	5	-3	5	-2	-0	-0
Profit to shareholders		30	8	-6	10	124	-26	-24
YOY Profit Growth %		6,585.75%	-60.51%	-162.25%		733.06%	-121.89%
EPS in Rs	0.65	40.51	5.30	-7.59	12.83	165.02	-35.12	-32.27
Dividend Payout %					39%	3%

Compounded Sales Growth

5 Years:: -3%
3 Years:: -8%
TTM:: 22%

Stock Price CAGR

5 Years:: -9%
3 Years:: -15%
1 Year:: -30%

Return on Equity

4 Years:: 8%
Last Year:: -7%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	285	285	317	405	466	458	451	567
YOY Sales Growth %			11.22%	27.72%	15.14%	-1.74%	-1.52%
	264	264	298	397	451	453	453	568
Material Cost %	60%	60%	66%	67%	62%	63%	61%	61%
Employee Cost %	14%	14%	13%	14%	15%	16%	17%	16%
Other Expenses %	19%	19%	15%	17%	20%	19%	22%	23%
Operating Profit	21	21	19	8	15	5	-2	-1
OPM %	7%	7%	6%	2%	3%	1%	0%	0%
Other Income	18	18	19	6	6	9	7	8
Interest	2	2	4	2	4	1	3	3
Depreciation	6	6	6	10	9	11	13	16
Profit before tax	31	31	28	2	8	1	-10	-13
	33%	33%	32%	33%	17%	5%
Current tax	11	11	10	2	2	1
Deferred tax	-1	-1	-1	-1	-1	-1	0
	21	21	19	1	7	1	-10	-8
Profit to shareholders			19
YOY Profit Growth %			-9.37%	-94.74%	567.97%	-84.87%	-1,125.46%
EPS in Rs	28.04	28.04	25.42	1.34	8.93	1.35	-13.86	-10.81
Dividend Payout %				374%	56%	370%

Compounded Sales Growth

5 Years:: 10%
3 Years:: 4%
TTM:: 22%

Compounded Profit Growth

TTM:: -599%

Stock Price CAGR

5 Years:: -9%
3 Years:: -15%
1 Year:: -30%

Return on Equity

4 Years:: 8%
Last Year:: -7%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4
Reserves	228	232	434	299
	136	145	60	39
Long term borrowings	29	49	23	0
Short term borrowings	103	91	30	34
	147	218	223	89
Trade payables	69	73	65	38
Minority interest	30	37	33	5
Current liabilities	196	234	188	95
Total Liabilities	515	599	721	431
	181	189	212	161
Gross block	244	248	278	186
Accumulated depreciation	64	59	66	25
Goodwill & intangibles	52	67	16	16
CWIP	7	2	5	6
	327	408	505	263
Inventories	88	97	117	61
Trade receivables	126	133	90	58
Cash & equivalents	5	1	7	6
Current assets	279	330	360	192
Total Assets	515	599	721	431

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	36	44	-56	42
Profit for the year	-6	10	124	-26
Working capital changes	21	1	2	60
Direct taxes paid	-4	-4	-36	-1
	-28	-38	80	16
Fixed assets purchased	-31	-45	-42	-28
Fixed assets sold	1	1	0	1
Investments purchased		-0	-101
Investments sold	0			40
	-9	-9	-19	-58
Proceeds from borrowings	17			4
Repayment of borrowings		-12	-61
Interest paid	-11	-14	-3	-3
Dividends paid	-4	-4	-4	-4
Net Cash Flow	-1	-4	6	-1
Free Cash Flow	5	-1	-97	14

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	-2.5%	4.1%	36.7%	-7.1%
ROCE	—	0.6%	8.6%	28.9%	-7.1%
Operating margin	—	-0.2%	3.6%	-7.6%	-6.6%
Net margin	—	-1.0%	1.5%	26.5%	-5.8%
Debt / equity	—	0.59	0.61	0.14	0.13
Current ratio	—	1.42	1.41	1.91	2.02

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 65.35%
Public 34.65%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%
		0.04%		0.05%			0.01%
Foreign portfolio investors (Cat. I)		0.03%		0.04%			0.01%
Government									0.02%
	34.65%	34.61%	34.65%	34.60%	34.65%	34.65%	34.63%	34.64%	34.63%	34.65%	34.65%	34.65%
Retail (up to ₹2 lakh)	21.25%	21.14%	21.97%	22.26%	21.54%	21.45%	21.33%	21.24%	21.36%	22.12%	22.72%	22.59%
HNIs (above ₹2 lakh)	6.04%	6.04%	6.02%	6.13%	7.45%	7.79%	7.91%	8.03%	7.92%	7.12%	6.52%	6.52%
NRIs	0.59%	0.35%	0.43%	0.51%	0.55%	0.54%	0.54%	0.61%	0.67%	0.68%	0.68%	0.71%
Bodies corporate	4.56%	5.16%	3.85%	3.38%	3.27%	3.12%	3.23%	3.22%	3.15%	3.11%	3.09%	3.18%
IEPF	0.38%	0.38%	0.38%	0.38%	0.42%	0.42%	0.42%	0.42%	0.42%	0.44%	0.44%	0.44%
No. of Shareholders	10,216	11,052	13,027	13,434	13,491	13,708	13,969	13,993	13,855	13,958	14,297	14,123

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

None filed recently.

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 21 Sep 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Questions about Indo National Limited

What is the share price of Indo National Limited today?

Indo National Limited (NIPPOBATRY) last traded at ₹312.35 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Indo National Limited?

About ₹234 crore at the latest price.

What is the P/E ratio of Indo National Limited?

The P/E is not available (for example when earnings are negative).

Is Indo National Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Indo National Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Indo National Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Indo National Limited

Peer comparison

Quarterly Results

Profit & Loss

Compounded Sales Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Questions about Indo National Limited

Have a question about this topic?

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