India Nippon Elect Ltd
NSE: INDNIPPON · Auto Components & Equipments · sector
Key numbers
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹160 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 290.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,097.10 on 2026-10-26: -29.9% from the 52-week high, +62.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 210 | 215 | 234 | 225 | 273 | 272 | 299 | 304 |
| EBITDA | 24 | 26 | 28 | 23 | 30 | 29 | 52 | 32 |
| OPM % | 11.3% | 12.0% | 11.9% | 10.2% | 10.8% | 10.8% | 17.4% | 10.5% |
| Other income | 9 | 2 | 8 | 12 | 7 | 9 | 3 | 8 |
| Net profit | 21 | 16 | 27 | 23 | 23 | 25 | 40 | 27 |
| EPS (₹) | 9.34 | 7.02 | 11.89 | 10.30 | 10.26 | 11.02 | 17.61 | 11.95 |
| Revenue YoY | +29.9% | +26.6% | +28.1% | +35.5% | ||||
| Profit YoY | +9.8% | +57.0% | +48.1% | +16.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 566 | 656 | 724 | 845 | 1,068 | 1,148 |
| EBITDA | 51 | 45 | 66 | 94 | 134 | 143 |
| Net profit | 40 | 58 | 59 | 82 | 111 | 115 |
| EPS (₹) | 17.80 | 25.58 | 26.20 | 36.26 | 49.18 | 50.84 |
| Revenue growth | +15.9% | +10.3% | +16.7% | +26.5% | +30.0% | |
| Profit growth | +43.7% | +2.5% | +38.3% | +35.6% | +31.9% | |
| Dividend / share (₹) | 12.25 | 9.25 | 10.25 | 12.50 | 15.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +17.6% | +17.3% | +30.0% |
| Net profit | +24.3% | +22.3% | +31.9% |
| EPS | +24.3% | +22.3% | – |
| Share price | – | +29.1% (2y) | +15.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 560 | 623 | 711 | 821 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 171 | 196 | 168 | 160 |
| Total assets | – | 718 | 837 | 939 | 1,067 |
| Fixed assets | – | 133 | 131 | 144 | 163 |
| Capital work in progress | – | 13 | 13 | 4 | 7 |
| Investments | – | 207 | 255 | 328 | 377 |
| Receivables | – | 119 | 142 | 170 | 206 |
| Inventory | – | 56 | 69 | 72 | 91 |
| Payables | – | 96 | 138 | 140 | 147 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 8 | 57 | 70 | 49 | 40 |
| Cash from investing | 10 | -33 | -46 | -12 | -14 |
| Cash from financing | -15 | -22 | -25 | -30 | -36 |
| Capex | 28 | 25 | 24 | 23 | 42 |
| Free cash flow | -19 | 32 | 46 | 26 | -2 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.3% | 9.5% | 11.5% | 13.5% |
| ROCE % | – | 12.6% | 12.2% | 14.5% | 17.8% |
| Debtor days | – | 66 | 71 | 73 | 71 |
| Inventory days | – | 45 | 51 | 46 | 45 |
| Payable days | – | 77 | 101 | 89 | 72 |
| Cash conversion cycle (days) | – | 34 | 21 | 30 | 44 |
| Working capital days | – | 134 | 128 | 109 | 100 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.37% |
| FIIs | 0.52% |
| DIIs | 0.42% |
| of which Mutual funds | 0.05% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 28.69% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.37% | 70.37% | 70.37% | 70.37% | 70.37% | 70.37% | 70.37% | 70.37% |
| Promoter group | % |
|---|---|
| Lucas Indian Service Limited | 70.32% |
| Sheela Balaji | 0.02% |
| Sowmyan Ramakrishnan | 0.02% |
| T K Balaji | 0.01% |
| Mala Ramakrishnan | 0.00% |
| Vijaya Mohanram | 0.00% |
| V A Raghu | 0.00% |
| Vatsala Raghu | 0.00% |
| Arvind Balaji | 0.00% |
| Priyamvada Balaji | 0.00% |
| T K Balaji HUF | 0.00% |
| Lucas TVS Limited | 0.00% |
| TVS Automotive Systems Limited | 0.00% |
| Synergy Shakthi Renewable Energy Private Limited | 0.00% |
| SB TVS Industrial Ventures Private Limited | 0.00% |
24,527 shareholders. Pledged: 0.00% of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| INDNIPPON | ₹2,482 cr | 21.6x | 3.0x | 15.0% | 18.4% | 12.5% | +17.6% | 1.41% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-02-20 | Dividend | Interim Dividend - Rs 15.50 Per Share |
| 2025-02-21 | Dividend | Interim Dividend - Rs 12.50 Per Share |
| 2024-09-11 | Other | Annual General Meeting |
| 2024-02-23 | Dividend | Interim Dividend - Rs 10.25 Per Share |
| 2023-09-13 | Other | Annual General Meeting |
| 2023-02-24 | Dividend | Interim Dividend - Rs 9.25 Per Share |
| 2022-09-13 | Other | Annual General Meeting |
| 2022-02-21 | Dividend | Interim Dividend - Rs 6.25 Per Shar |
| 2021-09-08 | Other | Annual General Meeting |
| 2021-04-08 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2020-09-11 | Other | Annual General Meeting |
| 2020-03-24 | Dividend | Interim Dividend - Rs 3.75 Per Share |
| 2020-02-18 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-08-08 | Other | Annual General Meeting |
| 2019-04-12 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2019-02-21 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2018-08-16 | Other | Annual General Meeting |
| 2018-05-17 | Dividend | Interim Dividend- Rs 3.5 Per Share |
| 2018-03-21 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2018-02-08 | Dividend | Interim Dividend - Rs 6/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: NEL is a manufacturer within the automotive industry, specializing in producing cutting-edge electronic ignition systems, advanced mechatronic products including sensors and controllers.
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | INDNIPPON |
| BSE code | 532240 |
| ISIN | INE092B01025 |
| Face value | ₹5.0 |
| Incorporated | 1984-07-12 |
| Website | www.indianippon.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.