Indo National
Consumer Goods
NIPPOBATRY NSE
₹307.00 +2.80 (+0.92%)
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹307.00 −136.65 −30.8% 1Y
Start ₹443.65
Key Fundamentals
MicrocapHousehold ProductsFMCGPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- −5.33%
- Debt to Equity
- 0.11
- EPS (TTM)
- −₹33.64
- Book Value
- ₹403.40
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.76
- ROE
- −6.95%
- Dividend Yield
- 1.23%
- EBITDA
- −₹10.50 Cr
- 52W High
- ₹469.00
- 52W Low
- ₹257.00
- Day Range
- ₹300.00 – ₹313.00
- Volume
- 836
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
57 Good
Data confidence 91/100
Category scores
- Quality
- 70
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 77
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 32
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 37
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 30
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company has reduced debt.
- Stock is trading at 0.75 times its book value
- Debtor days have improved from 64.2 to 47.1 days.
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.18% over past five years.
- Company has a low return on equity of 11.4% over last 3 years.
- Contingent liabilities of Rs.106 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 5 | 6 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Bearish
Bearish
8
Neutral
5
Bullish
6
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 48.27
- Neutral
- MACD (12,26,9)
- −4.22
- Bullish
- SMA (50)
- 316.37
- Bearish
- SMA (200)
- 336.14
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +2.27% |
|---|---|
| 5Y | −3.21% |
| 3Y | −7.55% |
| 1Y | −3.21% |
| TTM | −3.56% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Loss widened by ₹19 Cr |
| 1Y | Turned to loss |
| TTM | Loss widened by ₹16.91 Cr |
Operating cash flow
| 10Y | +1.28% |
|---|---|
| 5Y | +30.73% |
| 3Y | +5.27% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −10.63 pp |
|---|---|
| 5Y | −14.69 pp |
| 3Y | −6.60 pp |
| 1Y | +0.73 pp |
| TTM | −2.62 pp |
Revenue by year
| Mar 2017 | ₹377 Cr |
|---|---|
| Mar 2018 | ₹394 Cr |
| Mar 2019 | ₹443 Cr |
| Mar 2020 | ₹508 Cr |
| Mar 2021 | ₹532 Cr |
| Mar 2022 | ₹570 Cr |
| Mar 2023 | ₹572 Cr |
| Mar 2024 | ₹641 Cr |
| Mar 2025 | ₹467 Cr |
| Mar 2026 | ₹452 Cr |
Net profit by year
| Mar 2017 | ₹21.00 Cr |
|---|---|
| Mar 2018 | ₹31.00 Cr |
| Mar 2019 | ₹27.00 Cr |
| Mar 2020 | ₹10.00 Cr |
| Mar 2021 | ₹33.00 Cr |
| Mar 2022 | ₹13.00 Cr |
| Mar 2023 | −₹8.00 Cr |
| Mar 2024 | ₹15.00 Cr |
| Mar 2025 | ₹122 Cr |
| Mar 2026 | −₹27.00 Cr |
Quarterly Results
₹ Cr| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 172 | 168 | 169 | 121 | 128 | 122 | 97.11 | 119 | 120 | 106 | 107 | 116 |
| Expenses | 130 | 164 | 155 | 151 | 131 | 127 | 133 | 99.05 | 117 | 116 | 113 | 125 | 116 |
| Operating Profit | 2.13 | 7.69 | 13.23 | 17.65 | −10.06 | 0.89 | −11.16 | −1.94 | 2.79 | 3.96 | −6.82 | −18.11 | 0.12 |
| OPM % | 1.62% | 4.48% | 7.86% | 10.45% | −8.3% | 0.7% | −9.18% | −2% | 2.34% | 3.31% | −6.42% | −16.91% | 0.1% |
| Other Income | 2.14 | 2.61 | 2.75 | 2.61 | 182 | 3.36 | 1.77 | 3.2 | 2.2 | 1.56 | 2.32 | 1.56 | 0.9 |
| Interest | 3.32 | 3.78 | 3.37 | 3.28 | 2.61 | −0.49 | 0.1 | 0.96 | 0.6 | 0.72 | 0.64 | 0.63 | 0.88 |
| Depreciation | 4.11 | 4.38 | 4.49 | 4.66 | 4.53 | 2.86 | 2.9 | 2.94 | 3.21 | 3.3 | 3.32 | 3.31 | 3.36 |
| PBT | −3.16 | 2.14 | 8.12 | 12.32 | 164 | 1.88 | −12.39 | −2.64 | 1.18 | 1.5 | −8.46 | −20.49 | −3.22 |
| Tax % | 5.38% | −41.59% | 27.96% | 26.22% | 19.87% | −15.43% | −2.58% | −103.41% | 10.17% | 27.33% | −7.21% | 2.49% | −162.42% |
| Net Profit | −3.33 | 3.04 | 5.84 | 9.09 | 132 | 2.17 | −12.07 | 0.08 | 1.02 | 1.13 | −7.85 | −21 | 2.01 |
| EPS (₹) | −0.71 | 5.73 | 4.59 | 3.2 | 178 | 2.89 | −16.09 | 0.11 | 1.36 | 1.84 | −10.45 | −27.88 | 2.85 |
Profit & Loss
₹ Cr| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 361 | 377 | 394 | 443 | 508 | 532 | 570 | 572 | 641 | 467 | 452 | 449 |
| Expenses | 337 | 346 | 352 | 402 | 447 | 475 | 544 | 557 | 600 | 490 | 470 | 470 |
| Operating Profit | 24 | 31 | 42 | 41 | 61 | 57 | 26 | 15 | 41 | −22 | −18 | −21 |
| OPM % | 7% | 8% | 11% | 9% | 12% | 11% | 4.6% | 2.6% | 6% | −4.8% | −3.9% | −4.6% |
| Other Income | 18 | 15 | 15 | 17 | −13 | 18 | 19 | 5 | 10 | 190 | 7.64 | 6 |
| Interest | 6 | 5 | 5 | 12 | 17 | 13 | 11 | 11 | 14 | 3 | 3 | 3 |
| Depreciation | 8 | 8 | 9 | 11 | 12 | 13 | 13 | 17 | 18 | 13 | 13 | 13 |
| PBT | 28 | 33 | 43 | 35 | 18 | 50 | 21 | −8 | 19 | 151 | −26 | −31 |
| Tax % | 53% | 36% | 29% | 25% | 43% | 35% | 36% | 0% | 25% | 19% | 2% | — |
| Net Profit | 13 | 21 | 31 | 27 | 10 | 33 | 13 | −8 | 15 | 122 | −27 | −26 |
| EPS (₹) | 18.89 | 25.57 | 29.79 | 24.56 | 1.88 | 40.51 | 10.59 | −7.59 | 12.83 | 165 | −35.12 | −33.64 |
| Div. Payout % | 66% | 49% | 34% | 41% | 133% | 31% | 47% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 39% | 3% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | — |
Balance Sheet
₹ Cr| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 172 | 198 | 209 | 219 | 211 | 238 | 236 | 228 | 232 | 434 | 299 |
| Borrowings | 58 | 49 | 65 | 113 | 121 | 123 | 124 | 132 | 140 | 53 | 34 |
| Other Liabilities | 77 | 78 | 152 | 146 | 161 | 148 | 147 | 151 | 223 | 230 | 94 |
| Total Liabilities | 311 | 329 | 431 | 481 | 496 | 513 | 511 | 515 | 599 | 721 | 431 |
| Fixed Assets | 134 | 158 | 163 | 182 | 188 | 182 | 215 | 226 | 254 | 223 | 170 |
| CWIP | 1 | 2 | 14 | 5 | 1 | 1 | 2 | 4 | 2 | 4 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96 | 61 |
| Other Assets | 177 | 169 | 254 | 295 | 307 | 330 | 294 | 284 | 343 | 398 | 193 |
| Total Assets | 311 | 329 | 431 | 481 | 496 | 513 | 511 | 515 | 599 | 721 | 431 |
Cash Flow
₹ Cr| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 37 | 44 | 38 | −19 | 10 | 11 | 35 | 36 | 44 | −56 | 42 |
| Investing | −21 | −20 | −12 | −7 | 1 | 5 | −35 | −28 | −38 | 80 | 16 |
| Financing | −11 | −30 | −18 | 29 | −9 | −10 | −20 | −9 | −9 | −19 | −58 |
| Net Cash Flow | 5 | −6 | 8 | 2 | 2 | 5 | −20 | −1 | −4 | 6 | −1 |
| Free Cash Flow | 16 | 11 | 11 | −40 | −4 | 1 | −10 | 6 | 0 | −97 | 14 |
| CFO/EBITDA | 188 | 182 | 118 | −15 | 27 | 37 | 160 | 270 | 116 | 90 | −241 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 82 | 116 | 113 | 83 | 103 | 61 | 80 | 76 | 70 | 47 |
| Inventory Days | 72 | 82 | 79 | 85 | 111 | 107 | 124 | 88 | 95 | 147 | 80 |
| Days Payable | 29 | 41 | 92 | 77 | 87 | 77 | 63 | 69 | 72 | 81 | 49 |
| Cash Conversion Cycle | 124 | 124 | 103 | 120 | 107 | 133 | 122 | 99 | 99 | 136 | 78 |
| Working Capital Days | 50 | 53 | 13 | 33 | 40 | 73 | 58 | 38 | 36 | 96 | 73 |
| ROCE % | — | 16% | 18% | 15% | 18% | 16% | 7% | 1% | 8% | 33% | −5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indo National insights
66 extracted metrics across FY11–FY27.
Documents
- Concall · Sep 2021PPT
- 14 Aug 2026
- 29 Oct 2025
- 29 Oct 2025
- 14 Sep 2023
- 10 Jul 2023
- 30 Jun 2023
- 25 Apr 2023
- 20 Dec 2022
- General announcements 12 Oct 2026
- General announcements 9 Oct 2026
Frequently Asked Questions about Indo National
What does Indo National Ltd do?
Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades
Where is Indo National Ltd (NIPPOBATRY) listed?
Indo National Ltd trades as NIPPOBATRY on the NSE and under code 504058 on the BSE.
Which sector does Indo National Ltd belong to?
Indo National Ltd is classified under the Consumer Goods sector, in the Household Products industry.
What is the 52-week high and low of Indo National Ltd?
Over the last 52 weeks Indo National Ltd has traded between ₹257 and ₹469 as of 4 Nov 2026.
Does Indo National Ltd pay dividends?
Indo National Ltd has a dividend yield of 1.23%.
What is the Return on Equity (ROE) of Indo National Ltd?
Indo National Ltd reported a return on equity of -6.95%. Its debt-to-equity ratio is 0.11.
Company Information
Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades
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