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Indo National Limited (NIPPOBATRY.NS)

INR332.15 -6.10 (-1.80%)
IN NSE Industrials Electrical Equipment & Parts
Address Pottipati Plaza 600034
Chennai, IN
CEO Pavan Kumar
IPO 2002-07-01
ISIN INE567A01028

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Also trades on Bombay Stock Exchange · NIPPOBATRY.BO (INR) National Stock Exchange of India · NIPPOBATRY.NS (INR)
Description

Indo National Limited, an Indian enterprise founded in 1972 and headquartered in Chennai, specializes in the production and nationwide distribution of a diverse range of dry cell batteries and illumination products through its subsidiaries. The company's battery portfolio includes widely used AA, AAA, C, D, alkaline, and 9V cells. Its lighting division offers an extensive selection, from torches and emergency power backup devices to various LED solutions such as square downlights, rechargeable bulbs, pulsar linear lights, headlamps, tubelights, standard bulbs, floodlights, and grid-based street lights. Beyond these core offerings, Indo National also markets mosquito bats, DORCO branded razors and blades, electrical accessories, and other fast-moving consumer goods. The company adopted its current name, Indo National Limited, in April 2013, having previously operated as Nippo Batteries Co. Ltd.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR332.15 -6.10 (-1.80%)
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Volume Profile
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Liquidity & share structure
Average Volume
17.1K
Beta
-0.13
Float Shares
2.25M
Free Float %
30.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-9.47% -10.96% +7.28% -2.89% -18.55% -14.62% -33.92% -10.80% -11.38% -20.92% +95.83%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
332.15
DCF (Unlevered) 1,824.30 +449.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
2.40
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    -3.2% Q1'26: +10.3% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    -121.3% Q1'26: -25,436.4% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +5.6% Q1'26: +67.3% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    -6.9% Q1'26: -20.0% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    -9.3% Q1'26: -25.5% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    -1.89× Q1'26: -0.47× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.13) × ERP
WACC = 88% × Ke + 12% × Kd (7.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 539.48 Current price: 332.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
329.39M
OE per share TTM
44.09
Owner's Yield
12.63%
Maintenance CapEx ratio
678.40%
Maint CapEx / Avg PPE
31.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-238.2K
Shares Outstanding
7.50M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Aditya Reddy Joint MD & Executive Director 22M male
Dwaraknath Reddy MD & Executive Director 12M male
Rajendra Prasad Khaitan Joint Managing Director 9M male
Aravind Kumar Chief Financial Officer 6M male
J. Srinivasan Chief Risk Officer, Compliance Officer & Company Secretary 3M male
Pavan Kumar Chief Executive Officer male
Prasad Chief Manufacturing & Quality Officer and Non-Executive Non-Independent Director male
Arun Sriram Chief Marketing Officer male
Shardul Bist Chief Marketing Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits