company background image
INDN

India Nippon Electricals NSEI:INDNIPPON Stock Report

Last Price

₹443.85

Market Cap

₹10.0b

7D

3.9%

1Y

16.1%

Updated

06 Oct, 2022

Data

Company Financials
INDNIPPON fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

INDNIPPON Stock Overview

India Nippon Electricals Limited designs, manufactures, and sells electronic ignition systems for automotive industry in India and internationally.

India Nippon Electricals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for India Nippon Electricals
Historical stock prices
Current Share Price₹443.85
52 Week High₹640.80
52 Week Low₹319.70
Beta0.96
1 Month Change5.32%
3 Month Change11.58%
1 Year Change16.09%
3 Year Change38.51%
5 Year Change-19.99%
Change since IPO343.85%

Recent News & Updates

Jun 29
India Nippon Electricals (NSE:INDNIPPON) Is Reinvesting At Lower Rates Of Return

India Nippon Electricals (NSE:INDNIPPON) Is Reinvesting At Lower Rates Of Return

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...

Shareholder Returns

INDNIPPONIN Auto ComponentsIN Market
7D3.9%2.3%2.0%
1Y16.1%-1.5%-0.7%

Return vs Industry: INDNIPPON exceeded the Indian Auto Components industry which returned -1.5% over the past year.

Return vs Market: INDNIPPON exceeded the Indian Market which returned -0.7% over the past year.

Price Volatility

Is INDNIPPON's price volatile compared to industry and market?
INDNIPPON volatility
INDNIPPON Average Weekly Movement4.5%
Auto Components Industry Average Movement5.7%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: INDNIPPON is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: INDNIPPON's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984561Arvind Balajihttps://www.indianippon.com

India Nippon Electricals Limited designs, manufactures, and sells electronic ignition systems for automotive industry in India and internationally. The company offers AC generator products, such as flywheel magneto, stator, and rotor products, as well as CDI and TCI products; regulator and rectifier units; ignition coils; engine controller units; auto choke-generation purpose engines; dual output ignition products; PM alternators; rotax Ig.coils; internal units; and regulators. It also provides spark plugs, ignition wiring harnesses, power windows, door systems, electronic and governor control units, dynamos, dual output Ig.coils, converters, immobilizers, DC-DC converters, and body control modules.

India Nippon Electricals Fundamentals Summary

How do India Nippon Electricals's earnings and revenue compare to its market cap?
INDNIPPON fundamental statistics
Market Cap₹10.04b
Earnings (TTM)₹504.70m
Revenue (TTM)₹6.11b

19.9x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INDNIPPON income statement (TTM)
Revenue₹6.11b
Cost of Revenue₹4.28b
Gross Profit₹1.83b
Other Expenses₹1.33b
Earnings₹504.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)22.31
Gross Margin29.97%
Net Profit Margin8.25%
Debt/Equity Ratio0.8%

How did INDNIPPON perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

28%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is INDNIPPON undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INDNIPPON?

Other financial metrics that can be useful for relative valuation.

INDNIPPON key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA15x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does INDNIPPON's PE Ratio compare to its peers?

INDNIPPON PE Ratio vs Peers
The above table shows the PE ratio for INDNIPPON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35x
539636 Precision Camshafts
25.8xn/a₹11.1b
505800 Rane Holdings
45.8xn/a₹11.9b
515043 Saint-Gobain Sekurit India
16.8xn/a₹8.6b
533477 Enkei Wheels (India)
51.7xn/a₹8.6b
INDNIPPON India Nippon Electricals
19.9xn/a₹10.0b

Price-To-Earnings vs Peers: INDNIPPON is good value based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (35x).


Price to Earnings Ratio vs Industry

How does INDNIPPON's PE Ratio compare vs other companies in the IN Auto Components Industry?

Price-To-Earnings vs Industry: INDNIPPON is good value based on its Price-To-Earnings Ratio (19.9x) compared to the Indian Auto Components industry average (22.2x)


Price to Earnings Ratio vs Fair Ratio

What is INDNIPPON's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INDNIPPON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate INDNIPPON's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of INDNIPPON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INDNIPPON (₹443.85) is trading above our estimate of fair value (₹59.4)

Significantly Below Fair Value: INDNIPPON is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is India Nippon Electricals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


29.5%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as India Nippon Electricals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine India Nippon Electricals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • India Nippon Electricals competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has India Nippon Electricals performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: INDNIPPON has high quality earnings.

Growing Profit Margin: INDNIPPON's current net profit margins (8.3%) are lower than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: INDNIPPON's earnings have declined by 6.6% per year over the past 5 years.

Accelerating Growth: INDNIPPON's earnings growth over the past year (3.6%) exceeds its 5-year average (-6.6% per year).

Earnings vs Industry: INDNIPPON earnings growth over the past year (3.6%) underperformed the Auto Components industry 15.1%.


Return on Equity

High ROE: INDNIPPON's Return on Equity (10%) is considered low.


Discover strong past performing companies

Financial Health

How is India Nippon Electricals's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: INDNIPPON's short term assets (₹3.5B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: INDNIPPON's short term assets (₹3.5B) exceed its long term liabilities (₹273.9M).


Debt to Equity History and Analysis

Debt Level: INDNIPPON has more cash than its total debt.

Reducing Debt: Insufficient data to determine if INDNIPPON's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: INDNIPPON's debt is well covered by operating cash flow (180.4%).

Interest Coverage: INDNIPPON's interest payments on its debt are well covered by EBIT (85.8x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is India Nippon Electricals's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.41%

Current Dividend Yield

Dividend Yield vs Market

India Nippon Electricals Dividend Yield vs Market
How does India Nippon Electricals dividend yield compare to the market?
SegmentDividend Yield
Company (India Nippon Electricals)1.4%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Auto Components)0.6%
Analyst forecast in 3 Years (India Nippon Electricals)n/a

Notable Dividend: INDNIPPON's dividend (1.41%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: INDNIPPON's dividend (1.41%) is low compared to the top 25% of dividend payers in the Indian market (1.59%).


Stability and Growth of Payments

Stable Dividend: INDNIPPON's dividend payments have been volatile in the past 10 years.

Growing Dividend: INDNIPPON's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28%), INDNIPPON's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: INDNIPPON is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.2yrs

Average management tenure


CEO

Arvind Balaji (48 yo)

14yrs

Tenure

₹22,512,000

Compensation

Mr. Arvind Balaji has been the Managing Director of India Nippon Electricals Limited since August 2014. Mr. Balaji is the Joint Managing Director at Lucas-TVS Limited since February 2004. Mr. Balaji has be...


CEO Compensation Analysis

Arvind Balaji's Compensation vs India Nippon Electricals Earnings
How has Arvind Balaji's remuneration changed compared to India Nippon Electricals's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹505m

Mar 31 2022₹23m₹14m

₹492m

Dec 31 2021n/an/a

₹447m

Sep 30 2021n/an/a

₹528m

Jun 30 2021n/an/a

₹487m

Mar 31 2021₹22m₹11m

₹396m

Dec 31 2020n/an/a

₹378m

Sep 30 2020n/an/a

₹284m

Jun 30 2020n/an/a

₹283m

Mar 31 2020₹28m₹10m

₹543m

Dec 31 2019n/an/a

₹597m

Sep 30 2019n/an/a

₹655m

Jun 30 2019n/an/a

₹666m

Mar 31 2019₹30m₹9m

₹585m

Mar 31 2018₹21m₹7m

₹498m

Mar 31 2017₹15m₹6m

₹296m

Mar 31 2016₹11m₹5m

₹289m

Compensation vs Market: Arvind's total compensation ($USD275.67K) is above average for companies of similar size in the Indian market ($USD44.24K).

Compensation vs Earnings: Arvind's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: INDNIPPON's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: INDNIPPON's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NSEI:INDNIPPON Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Feb 22Buy₹399,213,771T V Sundram Iyengar & Sons Private LimitedCompany889,042₹449.04
15 Feb 22Sell₹177,806,195Harita Trade and Services Private LimitedCompany397,042₹447.83

Ownership Breakdown

What is the ownership structure of INDNIPPON?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders18,4600.08%
State or Government100,3220.4%
Institutions773,4813.4%
General Public5,821,78725.7%
Private Companies15,907,37470.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 11 shareholders own 74.26% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
50.8%
T V Sundram Iyengar & Sons Private Limited
11,492,588₹5.1b0%no data
13.26%
MAHLE Holding (India) Private Limited
3,000,000₹1.3b0%no data
6.25%
MAHLE GmbH
1,414,786₹628.0m0%no data
2.31%
Sundaram Asset Management Company Ltd.
522,460₹231.9m0%0.07%
1.03%
Harita Sheela Pvt Ltd, Asset Management Arm
232,260₹103.1m0%no data
0.44%
Investor Education and Protection Fund (IEPF)
100,322₹44.5m6.86%no data
0.083%
Dimensional Fund Advisors LP
18,761₹8.3m-0.18%no data
0.033%
Tirumala Balaji
7,424₹3.3m100%no data
0.032%
Sowmyan Ramakrishnan
7,308₹3.2m0%no data
0.016%
D. Saroja
3,712₹1.6m0%no data
0.00007%
Vatsala Raghu
16₹7.1k0%no data

Company Information

India Nippon Electricals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: India Nippon Electricals Limited
  • Ticker: INDNIPPON
  • Exchange: NSEI
  • Founded: 1984
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: ₹10.041b
  • Shares outstanding: 22.62m
  • Website: https://www.indianippon.com

Number of Employees


Location

  • India Nippon Electricals Limited
  • No. 11 & 13, Patullos Road
  • Chennai
  • Tamil Nadu
  • 600002
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532240BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1997
INDNIPPONNSEI (National Stock Exchange of India)YesEquity SharesININRMay 1997

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.