On 6 Nov 2026, India Nippon Electricals was priced at ₹1,127.70, or 22.2× trailing earnings, against an industry P/E of 25.6×, and the shares are 28% below their 52-week high. Sales and net profit grew 18% and 32% a year over 3 years, with ROCE of 17% and ROE of 15%. It carries very little debt, and its dividend yield is 1.4%. It is a small-cap company with a market cap of ₹2,551 Cr, ranked 54th of 140 Auto Parts companies by market cap; the shares rose 22% over the past year.
- ₹1,176.00
- ₹1,177.80
- ₹1,120.00
- ₹1,177.90
- 19.9K
Health check
- ReturnsIn line
+22.3% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 22.2 vs industry 25.6.
- GrowthStrong
Sales +17.7%, profit +32.1% a year over 3 years.
- ProfitabilityAverage
ROCE 16.8% vs peer median 15.6%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,551 Cr
- Small cap
- P/E
- 22.2
- Industry 25.6
- Price to book
- 3.11
- Peers 8.75
- Dividend yield
- 1.37%
- ROE
- 14.5%
- Peers 12.3%
- ROCE
- 16.8%
- Peers 15.6%
- Debt to equity
- 0.00
- Debt ₹1.90 Cr
- EPS (TTM)
- ₹50.84
- Face value ₹5
- OPM (TTM)
- 11.1%
- Net margin 10.0%
- Sales growth
- +35.5%
- Latest quarter vs a year ago
- Profit growth
- +16.0%
- Latest quarter vs a year ago
- Price to sales
- 2.22
- EV/EBITDA 19.1
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 35.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About India Nippon Electricals
India Nippon Electricals Limited manufactures and sells electronic ignition systems for the automotive industry in India and internationally. The company offers AC Generator/ Flywheel Magneto, Regulator and Rectifier, Integral Unit, and Ignition Coil; Controllers, such as Integrated Starter Generator and controller, electronic fuel injection, and electronic control units. It also provides position, angle, pressure, temperature, oil-level, and speed…
- Headquarters
- Chennai
- Employees
- 598
- Sector
- Consumer Cyclical
- ISIN
- INE092B01025
- Website
- indianippon.com
Price range
- Avg volume (3M)
- 1.2 L
- 1-year return
- plus 22.3%
- From 52-week high
- minus 27.9%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| INDNIPPONIndia Nippon Electricals | 1,127.70 | minus 4.26% | 2,551 | 22.2 | 3.11 | 16.8% | 14.5% | 11.1% | 17.7% | 32.1% | 1.37% | plus 22.3% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 225 | 273 | 272 | 299 | 304 | |
| 202 | 243 | 242 | 263 | 272 | |
| 22.9 | 29.5 | 29.4 | 36.9 | 32.1 | |
| 10.2% | 10.8% | 10.8% | 12.3% | 10.5% | |
| 12 | 6.9 | 8.5 | 3.2 | 8.1 | |
| 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | |
| 4.2 | 4.3 | 4.5 | 5 | 5.2 | |
| – | – | – | 15.2 | – | |
| 30.5 | 32.1 | 33.3 | 50.1 | 34.8 | |
| 23.7% | 27.7% | 25.1% | 20.5% | 22.4% | |
| 23.3 | 23.2 | 24.9 | 39.8 | 27 | |
| 10.30 | 10.26 | 11.02 | 17.61 | 11.95 |
Profit & loss
- Sales CAGR 3Y
- +17.7%
- Profit CAGR 3Y
- +32.1%
- EPS CAGR 3Y
- +32.1%
- ROE
- 14.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 646 | 717 | 832 | 1,053 | |
| – | +10.9% | +16.1% | +26.6% | |
| 590 | 649 | 738 | 934 | |
| 56.3 | 67.2 | 93.9 | 119 | |
| 8.7% | 9.4% | 11.3% | 11.3% | |
| 6.8 | 5.1 | 8.6 | 12.6 | |
| 0.4 | 0.3 | 0.3 | 0.4 | |
| 14.6 | 15.1 | 20.6 | 17.9 | |
| 12.3 | 18.9 | 21.3 | 33.1 | |
| 60.4 | 75.8 | 103 | 146 | |
| 20.2% | 21.7% | 20.1% | 23.8% | |
| 48.2 | 59.3 | 82.3 | 111 | |
| – | +23.0% | +38.8% | +35.1% | |
| 21.32 | 26.21 | 36.37 | 49.14 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.3 | 11.3 | 11.3 | 11.3 | |
| 549 | 612 | 700 | 810 | |
| 3.7 | 2.9 | 2.1 | 1.9 | |
| 154 | 211 | 226 | 244 | |
| 718 | 837 | 939 | 1,067 | |
| 146 | 155 | 158 | 183 | |
| 12.8 | 12.7 | 4.2 | 9.9 | |
| 203 | 251 | 341 | 385 | |
| 174 | 199 | 169 | 168 | |
| 182 | 219 | 266 | 322 | |
| 718 | 837 | 939 | 1,067 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 56.9 | 62.7 | 49.6 | 40.3 | |
| −45.7 | −38.6 | −12.2 | −18.5 | |
| −21.9 | −24.6 | −29.8 | −36.3 | |
| −10.7 | −0.5 | 7.7 | −14.5 | |
| −25.2 | −24 | −23.3 | −42.2 | |
| 31.7 | 38.7 | 26.3 | −1.9 | |
| −20.9 | −23.2 | −28.3 | −35.1 |
Shareholding pattern
- Promoters70.37%
- Public29.63%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.37% | 29.63% | 0.00 | |
| 30 Jun 2026 | 70.37% | 29.63% | 0.00 | |
| 31 Mar 2026 | 70.37% | 29.63% | 0.00 | |
| 31 Dec 2025 | 70.37% | 29.63% | 0.00 | |
| 30 Sep 2025 | 70.37% | 29.63% | – |
Major shareholders
Filings & events
News
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