INDNIPPON

India Nippon Electricals Limited

Auto-electronics supplier of ignition systems, sensors and mechatronics for OEMs

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

indianippon.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1153.70
Market cap
2,610 Cr
Stock P/E
22.7
P/B
3.18
Dividend yield
1.3%
ROE (FY26)
13.5%
ROCE (FY26)
17.8%
Operating margin (FY26)
9.4%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
34.1%
OCF / EBITDA (3Y)
57.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

India Nippon Electricals (INEL) makes electronic ignition systems, controllers and sensors, mainly for two-wheeler makers in India, and says it holds the number one position in flywheel magnetos (August 2026 presentation).

Company snapshot

51stBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales190 Cr179 Cr196 Cr187 Cr210 Cr215 Cr234 Cr225 Cr273 Cr272 Cr299 Cr304 Cr
Operating expenses (approx.)170 Cr164 Cr174 Cr170 Cr186 Cr189 Cr206 Cr202 Cr243 Cr242 Cr263 Cr272 Cr
EBITDA20 Cr15 Cr22 Cr17 Cr24 Cr26 Cr28 Cr23 Cr30 Cr29 Cr37 Cr32 Cr
OPM %10.4%8.5%11.1%9.0%11.3%12.0%11.9%10.2%10.8%10.8%12.3%10.5%
Other income5 Cr6 Cr8 Cr11 Cr9 Cr2 Cr9 Cr12 Cr7 Cr9 Cr3 Cr8 Cr
Interest0.10 Cr0.10 Cr0.09 Cr0.14 Cr0.10 Cr0.07 Cr0.08 Cr0.08 Cr0.08 Cr0.08 Cr0.28 Cr0.08 Cr
Depreciation4 Cr4 Cr4 Cr4 Cr4 Cr6 Cr6 Cr4 Cr4 Cr4 Cr5 Cr5 Cr
Profit before tax21 Cr17 Cr26 Cr23 Cr28 Cr21 Cr30 Cr31 Cr32 Cr33 Cr50 Cr35 Cr
Tax %15.8%30.1%21.4%22.4%25.7%24.8%9.7%23.7%27.7%25.1%20.5%22.4%
Net profit17 Cr12 Cr21 Cr18 Cr21 Cr16 Cr27 Cr23 Cr23 Cr25 Cr40 Cr27 Cr
EPS (₹)₹7.68₹5.37₹9.06₹8.01₹9.34₹7.02₹11.89₹10.30₹10.26₹11.02₹17.61₹11.95

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales395 Cr466 Cr525 Cr479 Cr481 Cr566 Cr656 Cr724 Cr845 Cr1,068 CrSign in free for the trailing twelve months
Operating expenses (approx.)358 Cr402 Cr448 Cr422 Cr435 Cr515 Cr603 Cr658 Cr751 Cr950 CrSign in free for the trailing twelve months
EBITDA38 Cr65 Cr77 Cr57 Cr46 Cr51 Cr53 Cr66 Cr94 Cr119 CrSign in free for the trailing twelve months
OPM %9.6%13.8%14.7%11.9%9.6%9.0%8.1%9.2%11.1%11.1%Sign in free for the trailing twelve months
Other income14 Cr12 Cr14 Cr25 Cr16 Cr14 Cr40 Cr25 Cr30 Cr31 CrSign in free for the trailing twelve months
Interest0.06 Cr0.07 Cr0.08 Cr0.56 Cr0.56 Cr0.49 Cr0.42 Cr0.39 Cr0.39 Cr0.52 CrSign in free for the trailing twelve months
Depreciation4 Cr6 Cr8 Cr9 Cr10 Cr13 Cr15 Cr15 Cr21 Cr18 CrSign in free for the trailing twelve months
Profit before tax47 Cr71 Cr84 Cr72 Cr52 Cr52 Cr70 Cr76 Cr103 Cr146 CrSign in free for the trailing twelve months
Tax %31.2%29.3%29.1%23.4%21.2%21.9%17.4%21.7%20.1%23.8%Sign in free for the trailing twelve months
Net profit32 Cr50 Cr60 Cr55 Cr41 Cr40 Cr58 Cr59 Cr82 Cr111 CrSign in free for the trailing twelve months
EPS (₹)₹14.32₹22.15₹26.31₹24.40₹17.99₹17.80₹25.58₹26.20₹36.26₹49.18Sign in free for the trailing twelve months
Dividend payout %————33.3%35.1%36.2%39.1%34.5%31.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital——11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr
Reserves——390 Cr408 Cr439 Cr482 Cr549 Cr612 Cr700 Cr810 Cr
Borrowings——————————
Other liabilities——109 Cr110 Cr142 Cr136 Cr157 Cr214 Cr228 Cr246 Cr
Total liabilities——510 Cr529 Cr592 Cr630 Cr718 Cr837 Cr939 Cr1,067 Cr
Fixed assets (net)——59 Cr74 Cr85 Cr128 Cr133 Cr131 Cr144 Cr163 Cr
CWIP——7 Cr13 Cr34 Cr5 Cr13 Cr13 Cr4 Cr7 Cr
Investments——274 Cr274 Cr273 Cr290 Cr359 Cr436 Cr477 Cr532 Cr
Inventories——35 Cr39 Cr44 Cr50 Cr56 Cr69 Cr72 Cr91 Cr
Trade receivables——104 Cr88 Cr109 Cr118 Cr119 Cr142 Cr170 Cr206 Cr
Cash & bank——6 Cr13 Cr3 Cr6 Cr9 Cr8 Cr16 Cr6 Cr
Other assets——25 Cr27 Cr45 Cr32 Cr29 Cr38 Cr57 Cr63 Cr
Total assets——510 Cr529 Cr592 Cr630 Cr718 Cr837 Cr939 Cr1,067 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity34 Cr26 Cr35 Cr49 Cr39 Cr8 Cr57 Cr70 Cr49 Cr40 Cr
Cash from investing-29 Cr-17 Cr-15 Cr-5 Cr-34 Cr10 Cr-33 Cr-46 Cr-12 Cr-14 Cr
Cash from financing-7 Cr-8 Cr-18 Cr-38 Cr-15 Cr-15 Cr-22 Cr-25 Cr-30 Cr-36 Cr
Net cash flow-1 Cr1 Cr2 Cr7 Cr-10 Cr3 Cr2 Cr-0.57 Cr7 Cr-10 Cr
Free cash flow (OCF − Capex)21 Cr9 Cr20 Cr31 Cr2 Cr-19 Cr32 Cr46 Cr26 Cr-2 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——20.7%17.1%11.3%12.3%10.9%12.2%14.5%17.8%
ROE %——14.7%12.9%8.8%9.9%8.6%9.5%11.6%13.5%
Debtor days——7267837666717370
Inventory days——3845494546534847
Days payable——808810383791069376
Cash conversion cycle——3024293934182841
OCF / EBITDA %111.4%41.5%47.1%91.3%84.3%14.2%107.5%106.3%52.9%34.0%
OCF / EBITDA % (3 years)——58.5%57.9%70.5%64.0%69.1%79.6%83.1%57.5%
Debt / equity——0.000.000.000.000.000.000.000.00
Current ratio——2.843.212.663.263.012.512.382.51
Net debt / EBITDA0.000.00-0.08-0.24-0.08-0.48-0.24-0.19-0.21-0.05