Indo-National share price, P/E, ROE & financials

Indo-National (NIPPOBATRY) is loss-making over the last 12 months, losing ₹25 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹320.95, 32% below its 52-week high. Sales fell 7.5% a year over 3 years. Its dividend yield is 1.2%, and debt is 0.11× equity. It is a small-cap company with a market cap of ₹241 Cr, ranked 69th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 26% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹327.00
Day high: ₹327.00
Day low: ₹312.30
Prev. close: ₹319.90
Volume: 506

Health check

6 to check

ReturnsBehind
−26.2% over a year, better than 1 of 7 peers.
Price tagLoss-making
Earnings were negative over the last 12 months.
GrowthShrinking
Sales −7.5% a year over 3 years.
ProfitabilityNegative
ROCE -7.1% vs peer median 22.1%.
Balance sheetStretched
Debt 0.11× equity, operating profit doesn’t cover interest.
Red flags5 to check
Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹241 Cr, #69 of 97 in its industry by size.

Defensive

Beta 0.46 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹449 Cr · profit ₹−25 Cr

Market cap: ₹241 Cr; Small cap
P/E: n/a; Industry 30.0
Price to book: 0.80; Peers 7.24
Dividend yield: 1.17%
ROE: −7.1%; Peers 18.0%
ROCE: −7.1%; Peers 22.1%
Debt to equity: 0.11; Debt ₹34 Cr
EPS (TTM): −₹33.63; Face value ₹5
OPM (TTM): −4.6%; Net margin −5.6%
Sales growth: −2.8%; Latest quarter vs a year ago
Profit growth: +108.5%; Latest quarter vs a year ago
Price to sales: 0.54; EV/EBITDA −13.6

Strengths

Quarterly profit up 108.5% on a year ago.

Risks to check

Loss-making over the last twelve months.
Return on equity is low at −7.1%.
Quarterly sales down 2.8% on a year ago.
32% below its 52-week high.
Interest coverage of only −6.5×.

Derived automatically from reported figures. Not a recommendation.

About Indo-National

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,…

Headquarters: Chennai
Employees: 523
Sector: Industrials
ISIN: INE567A01028
Website: nippo.in

Price range

52 weeks

₹257.00₹469.00

Today

₹312.30₹327.00

Avg volume (3M): 1.7K
1-year return: minus 26.2%
From 52-week high: minus 31.6%

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
POWERINDIAHitachi Energy India	27,800.00	minus 1.42%	1,23,911	107.7	95.3	24.9%	16.1%	0.02	22.2%	plus 37.9%
CGPOWERCG Power and Industrial Solutions	773.00	minus 4.43%	1,21,785	88.6	72.5	19.3%	13.1%	0.02	21.2%	plus 8.2%
POLYCABPolycab India	7,871.00	plus 0.28%	1,18,613	37.5	29.0	30.4%	13.6%	0.02	26.6%	plus 3.8%
HAVELLSHavells India	1,128.00	plus 5.61%	70,789	42.6	30.0	22.1%	9.1%	0.02	9.9%	minus 28.1%
APARINDSApar Industries	14,106.00	minus 9.65%	59,065	41.6	30.7	26.7%	9.5%	0.12	17.0%	plus 87.2%
KEIKEI Industries	3,988.00	minus 1.80%	38,143	36.1	29.9	18.7%	11.0%	0.04	19.1%	plus 1.8%
HONAUTHoneywell Automation India	30,080.00	minus 0.79%	26,613	47.0	35.7	15.7%	13.8%	0.02	10.9%	minus 17.5%
NIPPOBATRYIndo-National	320.95	plus 0.33%	241	–	–	–	−4.6%	0.11	–	minus 26.2%
Median of 7 peers	–	−1.42%	70,789	42.6	30.7	22.1%	13.1%	0.02	19.1%	3.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
119	120	106	107	116
117	116	113	125	116
2.8	4	−6.8	−18.1	0.1
2.3%	3.3%	−6.4%	−16.9%	0.1%
2.2	1.6	2.3	1.6	0.9
0.6	0.7	0.6	0.6	0.9
3.2	3.3	3.3	3.3	3.4
1.2	1.5	−8.5	−20.5	−3.2
10.1%	27.3%	7.2%	−2.5%	162.4%
1	1.4	−7.8	−20.9	2.1
1.37	1.85	-10.46	-27.87	2.85

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −7.5%
ROE: −7.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
572	641	467	452
–	+12.0%	minus 27.0%	minus 3.2%
556	600	490	469
15.8	41	−22.1	−16.8
2.8%	6.4%	−4.7%	−3.7%
2.8	7.9	184	2.5
10	11.9	2.7	2.6
16.9	17.6	13.2	13.1
0.3	0	5.2	3.8
−8	19.4	151	−26.3
0.2%	24.6%	19.4%	−1.6%
−5.7	9.6	124	−26.3
–	–	+1186.6%	minus 121.3%
-7.59	12.83	165.02	-35.12

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
3.8	3.8	3.8	3.8
228	232	434	299
136	145	60	39.3
147	218	223	88.8
515	599	721	431
181	189	212	161
7.1	2.2	4.5	6.5
0	0	96.1	60.7
5.1	0.9	6.9	5.8
322	407	402	197
515	599	721	431

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
35.9	43.6	−55.8	41.6
−27.6	−38.3	80.5	15.6
−9.4	−9.4	−18.8	−58.2
−1.1	−4.1	5.9	−1
−30.9	−44.7	−41.7	−28
5.1	−1.2	−97.4	13.6
−3.8	−3.8	−3.8	−3.8

Shareholding pattern

Source: NSE filings

65.3%

promoters

Promoters65.35%
Public34.65%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	65.35%	34.65%	0.00
30 Jun 2026	65.35%	34.65%	0.00
31 Mar 2026	65.35%	34.65%	0.00
31 Dec 2025	65.35%	34.65%	0.00
30 Sep 2025	65.35%	34.65%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you