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GOLD 24K (10g)₹75,420+0.38%
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Indo National Limited

Indo National Limited

NSE: NIPPOBATRY
Electrical Equipment & PartsIndustrialsSMALL CAPMCap ₹234.3 Cr
₹312.35₹3.40 (+1.10%)

Market Closed • NSE

Market cap₹234.3 Cr
Enterprise value₹265.0 Cr
P/B0.77
EPS TTM₹-33.63
ROCE-5.47%
D/E0.11
Dividend yield120.00%
Face value₹5.00
52W high₹469.00
52W low₹257.00
Price chart(1Y)
1Y Return:-6.34% (₹21.15)
H: ₹373.95L: ₹306
1W-0.03%
1M-0.90%
3M-4.58%
6M-1.79%
1Y-29.88%
Today at a glance

Day range

₹307.05₹317.00

52 week range

₹257.00₹469.00
Volume6190.38x 20D avg
Free float50.00%-62.20% volume

Indo National Limited closed at INR312.35 (+1.1%) on volume 0.38x its 20-day average, trading 33.4% below its 52-week high.

Technical analysis
RSI (14)43.7Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹9.88High
SMA 20₹317.74BEARISH
SMA 50₹322.80BEARISH
SMA 100₹333.40BEARISH
SMA 200₹341.36BEARISH
CPR bottom₹310.50
Pivot₹309.98
CPR top₹309.47
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +109.6% QoQ

2026-09-21

DIVIDEND Announced

Dividend - Rs 3.75 Per Share

2025-09-19

DIVIDEND Announced

Dividend - Rs 5 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹34.4 Cr₹234.3 Cr14.68%≤ 33%PASS
Non-halal income ratio–₹452.5 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹424.8 Cr₹430.7 Cr98.64%≥ 20%PASS
Receivables ratio–₹430.7 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—28.10
Forward P/E——
P/B0.773.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield—3.60
Growth & profitability
RevenuePAT
FY24PAT margin 2.30%
FY25PAT margin 26.50%
FY26PAT margin -5.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-1.00%
Revenue CAGR 5Y-6.70%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin-2.79%
Net margin-5.62%
Financial health & cash flow
Net debt₹28.5 CrModerate
Interest coverage-12.10xEBIT / interest
CFO / PAT-0.45x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹40.4 Cr
Capital expenditure–
Free cash flow₹12.3 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation50/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.11x

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Electrical Equipment & Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.00%Institutional holding
34.65%Public holding
5Periods available
0.00%Promoter pledged
13.96KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Sept 2026Dividend₹3.75 / share—21 Sept 2026
19 Sept 2025Dividend₹5.00 / share—19 Sept 2025
—Dividend₹5.00 / share—19 Sept 2024
—Dividend₹5.00 / share—20 Sept 2023
—Dividend₹5.00 / share—19 Sept 2022
29 Oct 2021Dividend₹10.00 / share—28 Oct 2021
—Dividend₹25.00 / share—21 Sept 2021
—Dividend₹5.00 / share—18 Sept 2020
—Dividend₹20.00 / share—13 Sept 2019
—Dividend₹20.00 / share—14 Sept 2018
—Dividend₹25.00 / share—15 Sept 2017
—Dividend₹25.00 / share—15 Sept 2016
—Dividend₹25.00 / share—15 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)79.53%+6.42% latest vs average
Highest delivery95.03%on 07 Oct
Average volume (20D)1.6KTrading-session average
Conviction trendStrengthening+6.42% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Indo National Limited
Indo National Limited

Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]

IndiaIndustrials

Questions investors ask
Is Indo National Limited Shariah compliant?

Indo National Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (14.68%) complies with AAOIFI threshold (≤ 33%).

What is Indo National Limited's current valuation relative to peers?

Indo National Limited trades at a P/E of N/A compared to the sector median of 28.1x, and a Price-to-Book of 0.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.11x. Interest coverage is -12.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -6.7% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.