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5040

Indo National BSE:504058 Stock Report

Last Price

₹344.10

Market Cap

₹2.6b

7D

-14.1%

1Y

-29.6%

Updated

28 Sep, 2022

Data

Company Financials
504058 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends1/6

504058 Stock Overview

Indo National Limited, together with its subsidiaries, manufactures and distributes dry cell batteries and lighting products in India.

Indo National Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Indo National
Historical stock prices
Current Share Price₹344.10
52 Week High₹558.40
52 Week Low₹290.15
Beta0.65
1 Month Change3.80%
3 Month Change4.27%
1 Year Change-29.56%
3 Year Change47.21%
5 Year Change-19.85%
Change since IPO159.70%

Recent News & Updates

Shareholder Returns

504058IN ElectricalIN Market
7D-14.1%-3.8%-4.4%
1Y-29.6%15.9%-1.9%

Return vs Industry: 504058 underperformed the Indian Electrical industry which returned 17.5% over the past year.

Return vs Market: 504058 underperformed the Indian Market which returned -1.2% over the past year.

Price Volatility

Is 504058's price volatile compared to industry and market?
504058 volatility
504058 Average Weekly Movement7.2%
Electrical Industry Average Movement6.8%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 504058 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 504058's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19721,291P. Reddyhttps://www.nippobatteries.com

Indo National Limited, together with its subsidiaries, manufactures and distributes dry cell batteries and lighting products in India. It offers AA, AAA, C&D, alkaline, and 9V batteries; torches; and emergency power backup products, as well as mosquito bats. The company also provides rechargeable bulbs, pulsar linear, emergency batten, head lamp, and LED bulbs; and spike guard and flex extension cords, and travel adaptors.

Indo National Fundamentals Summary

How do Indo National's earnings and revenue compare to its market cap?
504058 fundamental statistics
Market Cap₹2.58b
Earnings (TTM)₹28.97m
Revenue (TTM)₹5.96b

89.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
504058 income statement (TTM)
Revenue₹5.96b
Cost of Revenue₹3.70b
Gross Profit₹2.26b
Other Expenses₹2.23b
Earnings₹28.97m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.86
Gross Margin37.94%
Net Profit Margin0.49%
Debt/Equity Ratio45.3%

How did 504058 perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

130%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 504058 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 504058?

Other financial metrics that can be useful for relative valuation.

504058 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/Revenue0.6x
Enterprise Value/EBITDA19.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 504058's PE Ratio compare to its peers?

504058 PE Ratio vs Peers
The above table shows the PE ratio for 504058 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.1x
533193 Kirloskar Electric
3.3xn/a₹2.6b
540795 Dynamic Cables
9.4xn/a₹3.1b
538706 Ultracab (India)
64.2xn/a₹2.4b
532717 Indo Tech Transformers
11.6xn/a₹2.2b
504058 Indo National
89.1xn/a₹2.6b

Price-To-Earnings vs Peers: 504058 is expensive based on its Price-To-Earnings Ratio (89.1x) compared to the peer average (22.1x).


Price to Earnings Ratio vs Industry

How does 504058's PE Ratio compare vs other companies in the IN Electrical Industry?

Price-To-Earnings vs Industry: 504058 is expensive based on its Price-To-Earnings Ratio (89.1x) compared to the Indian Electrical industry average (22x)


Price to Earnings Ratio vs Fair Ratio

What is 504058'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.

504058 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio89.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 504058's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 504058 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 504058 (₹344.1) is trading above our estimate of fair value (₹146.08)

Significantly Below Fair Value: 504058 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.


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Future Growth

How is Indo National 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


18.7%

Forecasted Capital Goods 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 Indo National 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.


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  • Examine Indo National'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.
  • Indo National competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Indo National performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 504058 has high quality earnings.

Growing Profit Margin: 504058's current net profit margins (0.5%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: 504058's earnings have declined by 13.7% per year over the past 5 years.

Accelerating Growth: 504058's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 504058 had negative earnings growth (-90.4%) over the past year, making it difficult to compare to the Electrical industry average (33.7%).


Return on Equity

High ROE: 504058's Return on Equity (2.2%) is considered low.


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Financial Health

How is Indo National's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 504058's short term assets (₹2.9B) exceed its short term liabilities (₹1.7B).

Long Term Liabilities: 504058's short term assets (₹2.9B) exceed its long term liabilities (₹688.1M).


Debt to Equity History and Analysis

Debt Level: 504058's net debt to equity ratio (33.8%) is considered satisfactory.

Reducing Debt: 504058's debt to equity ratio has increased from 25% to 45.3% over the past 5 years.

Debt Coverage: 504058's debt is well covered by operating cash flow (28.1%).

Interest Coverage: 504058's interest payments on its debt are not well covered by EBIT (0.6x coverage).


Balance Sheet


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Dividend

What is Indo National current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.45%

Current Dividend Yield

Dividend Yield vs Market

Indo National Dividend Yield vs Market
How does Indo National dividend yield compare to the market?
SegmentDividend Yield
Company (Indo National)1.5%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Electrical)0.6%
Analyst forecast in 3 Years (Indo National)n/a

Notable Dividend: 504058's dividend (1.45%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 504058's dividend (1.45%) is low compared to the top 25% of dividend payers in the Indian market (1.64%).


Stability and Growth of Payments

Stable Dividend: 504058's dividend payments have been volatile in the past 10 years.

Growing Dividend: 504058's dividend payments have not increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (129.6%), 504058's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 504058 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?

6.3yrs

Average management tenure


CEO

P. Reddy (69 yo)

12.92yrs

Tenure

₹11,991,000

Compensation

Mr. P. Dwarakanath Reddy has been the Managing Director of Indo National Limited since October 1, 2009 and has been its Chief Executive Officer since October 2009. His experience in Corporate Management in...


CEO Compensation Analysis

P. Reddy's Compensation vs Indo National Earnings
How has P. Reddy's remuneration changed compared to Indo National's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹29m

Mar 31 2022₹12m₹8m

₹79m

Dec 31 2021n/an/a

₹197m

Jun 30 2021n/an/a

₹302m

Mar 31 2021₹14m₹6m

₹304m

Dec 31 2020n/an/a

₹79m

Sep 30 2020n/an/a

₹54m

Jun 30 2020n/an/a

₹35m

Mar 31 2020₹8m₹6m

₹14m

Dec 31 2019n/an/a

₹258m

Sep 30 2019n/an/a

₹240m

Jun 30 2019n/an/a

₹174m

Mar 31 2019₹10m₹6m

₹184m

Mar 31 2018₹11m₹5m

₹223m

Mar 31 2017₹10m₹5m

₹192m

Mar 31 2016₹11m₹5m

₹142m

Compensation vs Market: P.'s total compensation ($USD146.85K) is above average for companies of similar size in the Indian market ($USD40.46K).

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


Leadership Team

Experienced Management: 504058's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: 504058's board of directors are considered experienced (9.3 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.


Ownership Breakdown

What is the ownership structure of 504058?
Owner TypeNumber of SharesOwnership Percentage
State or Government23,4520.3%
Institutions82,1811.1%
Private Companies575,3347.7%
General Public2,093,44727.9%
Individual Insiders4,725,58663.0%

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


Top Shareholders

Top 16 shareholders own 72.09% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
44.1%
P. Reddy
3,307,390₹1.1b0%no data
6.94%
Sarla Khaitan
520,796₹179.2m0%no data
4.37%
PDR Investments Pvt Ltd
327,814₹112.8m0%no data
3.89%
P. Reddy
292,032₹100.5m0%no data
2.84%
Sharad Shah
213,218₹73.4m2.7%no data
2.42%
Rajendra Khaitan
181,178₹62.3m0%no data
1.83%
Obul Reddy Investments Ltd
137,120₹47.2m0%no data
1.59%
Suneeta Reddy
119,160₹41.0m0%no data
1.33%
Deesha Leasecon Private Limited
100,000₹34.4m0%no data
1.11%
Varsha Shah
83,336₹28.7m0%no data
1.1%
Globe Capital Market Limited, Asset Management Arm
82,181₹28.3m0%3.56%
0.31%
Investor Education and Protection Fund (IEPF)
23,452₹8.1m0%no data
0.14%
Radiohms Properties Pvt. Ltd
10,400₹3.6m0%no data
0.073%
Anju Ganeriwal
5,464₹1.9m0%no data
0.04%
Mogarala Reddy
3,000₹1.0m0%no data
0.00016%
P. Reddy
12₹4.1k0%no data

Company Information

Indo National Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Indo National Limited
  • Ticker: 504058
  • Exchange: BSE
  • Founded: 1972
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: ₹2.581b
  • Shares outstanding: 7.50m
  • Website: https://www.nippobatteries.com

Number of Employees


Location

  • Indo National Limited
  • Pottipati Plaza
  • Ill Floor
  • Chennai
  • Tamil Nadu
  • 600034
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
504058BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1996
NIPPOBATRYNSEI (National Stock Exchange of India)YesEquity SharesININRMay 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 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.