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India Nipon Electric Overview

India Nippon Electricals Ltd is an primarily India- based producer of electronic ignition systems for 2-wheelers, three wheelers and transportable engines. The Company's merchandise encompass FlyWheel Magneto/Generator, Capacitor Discharge Ignition (CDI) & Transistor Ignition Units, Ignition coil Units, Integral Units (Combined CDI & Ignition Coil) and Regulator/Rectifier Units. The Company gives FlyWheel Magneto/Generator for motorbike, bike moped scooter and 3 wheeler general purpose engine, amongst others. It offers various types of Regulato...Read More

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India Nipon Electric Key Financials

Market Cap ₹1776 Cr.

Stock P/E 21.6

P/B 2.2

Current Price ₹785.3

Book Value ₹ 357.9

Face Value 5

52W High ₹1100

Dividend Yield 1.59%

52W Low ₹ 581

India Nipon Electric Share Price

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Volume
Price

India Nipon Electric Quarterly Price

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India Nipon Electric Peer Comparison

India Nipon Electric Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 190 179 196 187 210 215 234 225 273 272
Other Income 5 6 8 11 9 2 9 12 7 9
Total Income 195 185 204 197 219 217 242 237 279 280
Total Expenditure 170 164 174 170 186 189 206 202 243 242
Operating Profit 25 21 30 27 33 28 36 35 36 38
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 4 4 4 4 4 6 6 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 21 17 26 23 28 21 30 30 32 33
Provision for Tax 3 5 6 5 7 5 3 7 9 8
Profit After Tax 18 12 20 18 21 16 27 23 23 25
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 18 12 20 18 21 16 27 23 23 25
Adjusted Earnings Per Share 7.8 5.3 9 8 9.4 7.1 11.9 10.3 10.3 11

India Nipon Electric Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 328 336 351 452 525 479 481 566 656 724 845 1004
Other Income 7 10 14 13 15 26 16 25 23 25 30 37
Total Income 335 346 365 465 540 505 497 592 679 749 875 1038
Total Expenditure 294 301 314 388 448 422 436 517 603 658 751 893
Operating Profit 40 46 51 77 92 83 62 75 75 91 124 145
Interest 0 0 0 0 0 1 1 0 0 0 0 0
Depreciation 8 4 4 6 8 9 10 13 15 15 21 18
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 32 41 47 71 84 73 51 62 60 76 103 125
Provision for Tax 9 11 15 21 24 17 11 11 12 16 21 27
Profit After Tax 23 30 32 50 60 56 40 50 48 59 82 98
Adjustments 0 -2 -3 -0 -1 -2 -0 0 0 0 0 0
Profit After Adjustments 23 29 30 50 59 54 40 50 48 59 82 98
Adjusted Earnings Per Share 10.2 12.8 13.1 22 25.9 24 17.5 22.2 21.3 26.2 36.4 43.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 14% 12% 10%
Operating Profit CAGR 36% 18% 8% 12%
PAT CAGR 39% 18% 8% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 31% 29% 17% 15%
ROE Average 12% 10% 10% 12%
ROCE Average 15% 13% 13% 16%

India Nipon Electric Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 223 257 275 342 400 420 451 505 560 623 711
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -2 -7 -5 0 6 15 18 27 36 43 44
Total Current Liabilities 86 68 109 143 103 272 302 109 122 170 183
Total Liabilities 306 317 380 485 510 707 770 641 719 837 939
Fixed Assets 47 50 57 64 61 76 86 130 134 143 154
Other Non-Current Assets 69 79 79 127 151 143 171 157 218 266 348
Total Current Assets 191 188 244 295 298 488 513 354 367 428 437
Total Assets 306 317 380 485 510 707 770 641 719 837 939

India Nipon Electric Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 4 3 4 6 14 4 24 13 12
Cash Flow from Operating Activities 30 33 42 27 36 52 38 7 57 63 50
Cash Flow from Investing Activities -17 -14 -36 -17 -17 -7 -34 28 -46 -39 -12
Cash Flow from Financing Activities -11 -17 -7 -8 -18 -38 -15 -15 -22 -25 -30
Net Cash Inflow / Outflow 1 2 -1 1 2 8 -10 20 -11 -1 8
Closing Cash & Cash Equivalent 2 4 3 4 6 14 4 24 13 12 20

India Nipon Electric Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.2 12.79 13.07 22.01 25.88 24.02 17.52 22.21 21.32 26.22 36.37
CEPS(Rs) 13.61 15.32 16.08 24.83 29.75 28.92 22.1 27.9 27.79 32.89 45.46
DPS(Rs) 4.5 4.5 5 6.5 7 6.75 6 6.25 9.25 10.25 12.5
Book NAV/Share(Rs) 96.75 113.42 121.75 151.36 177.01 185.57 199.36 223.33 247.71 275.53 314.4
Core EBITDA Margin(%) 9.11 9.21 9.39 13.65 14.51 11.72 9.37 8.67 7.96 9.05 10.99
EBIT Margin(%) 8.79 10.82 11.77 15.07 15.81 15.21 10.58 10.84 9.16 10.39 12.11
Pre Tax Margin(%) 8.74 10.79 11.76 15.06 15.8 15.1 10.46 10.76 9.09 10.33 12.06
PAT Margin (%) 6.23 7.98 8.07 10.66 11.21 11.6 8.19 8.78 7.26 8.09 9.64
Cash Profit Margin (%) 8.41 9.07 9.12 11.92 12.66 13.54 10.33 11.03 9.46 10.14 12.05
ROA(%) 7.63 9.78 9.25 11.6 11.97 9.21 5.37 7.12 7.09 7.62 9.27
ROE(%) 10.65 12.82 12.11 16.25 16.04 13.66 9.1 10.51 9.05 10.02 12.33
ROCE(%) 15.03 17.4 17.65 22.99 22.63 17.91 11.75 12.97 11.42 12.87 15.49
Receivable days 61.05 59.24 58.13 61.89 67.74 72.6 74.51 72.57 65.25 65 66.59
Inventory Days 17.47 20.52 21.66 20.8 22.87 27.97 31.1 29.79 29.03 31.16 30.23
Payable days 49.42 53.58 78.67 85.28 80.98 87.77 94.43 84.06 74.52 82.51 86.05
PER(x) 20.57 14.59 21.14 21.03 16.29 7.92 21.05 19.13 15.52 25.89 16.47
Price/Book(x) 2.17 1.64 2.27 3.06 2.38 1.02 1.85 1.9 1.34 2.46 1.91
Dividend Yield(%) 2.14 2.41 1.81 1.4 1.66 3.55 1.63 1.47 2.8 1.51 2.09
EV/Net Sales(x) 1.41 1.2 1.75 2.28 1.79 0.84 1.67 1.63 1.11 2.09 1.58
EV/Core EBITDA(x) 11.55 8.88 12.03 13.42 10.24 4.85 13.03 12.35 9.62 16.61 10.75
Net Sales Growth(%) 24.77 2.48 4.53 28.85 16.1 -8.84 0.51 17.67 15.89 10.34 16.68
EBIT Growth(%) 19.17 28.6 13.53 51.21 18.39 -12.6 -30.36 21.23 -1.92 25.2 35.64
PAT Growth(%) 11.48 33.72 5.68 55.81 18.69 -5.99 -29.23 26.79 -4.02 22.95 38.75
EPS Growth(%) 8.71 25.34 2.23 68.42 17.56 -7.17 -27.07 26.8 -4.02 22.95 38.75
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.23 2.77 2.23 2.07 2.89 1.79 1.7 3.26 3 2.51 2.38
Quick Ratio(x) 2.02 2.4 2.02 1.85 2.55 1.65 1.56 2.8 2.54 2.11 1.99
Interest Cover(x) 206.3 309.12 776.15 983.46 1018.91 131.24 91.17 126.59 144.86 195.31 264.92
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

India Nipon Electric Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.37 70.37 70.37 70.37 70.37 70.37 70.37 70.37 70.37 70.37
FII 0.15 0.13 0.14 0.21 0.21 0.19 0.28 0.37 0.42 0.41
DII 0 0 0 0 0 0 0 0 0.06 0.06
Public 29.48 29.5 29.48 29.42 29.42 29.44 29.35 29.25 29.15 29.16
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

India Nipon Electric News

India Nipon Electric Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 82.51 to 86.05days.
  • The company has delivered a poor profit growth of 7% over past five years.
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