Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of Indo National Ltd
Stock Name
Market Cap
Current Price
High / Low
Stock P/E
Book Value
Dividend Yield
ROCE
ROE
Face Value
Industry Average
0 Cr
0
0
0
0%
0%
0%
0
Quarterly Result
Month
Sep 2020
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Sales
159.90
154.56
128.67
104.99
172.13
171.72
121.34
130.70
148.95
149.19
143.19
131.85
171.50
Expenses
137.97
134.76
119.52
99.59
154.08
163.79
126.76
131.50
144.54
142.73
138.63
129.72
163.81
Operating Profit
21.93
19.80
9.15
5.40
18.05
7.93
-5.42
-0.80
4.41
6.46
4.56
2.13
7.69
OPM %
13.71%
12.81%
7.11%
5.14%
10.49%
4.62%
-4.47%
-0.61%
2.96%
4.33%
3.18%
1.62%
4.48%
Other Income
4.33
5.52
4.97
3.62
4.07
8.52
2.55
1.14
1.28
0.68
2.36
2.14
2.61
Interest
3.25
3.30
3.04
2.81
2.64
2.91
2.28
2.37
2.53
3.10
3.17
3.32
3.78
Depreciation
3.12
3.19
3.15
3.17
3.28
3.46
3.27
3.52
3.59
5.26
4.55
4.11
4.38
Profit before tax
19.89
18.83
7.93
3.04
16.20
10.08
-8.42
-5.55
-0.43
-1.22
-0.80
-3.16
2.14
Tax %
27.80%
40.73%
38.34%
32.24%
28.58%
32.64%
16.39%
20.18%
-58.14%
-2.46%
-102.50%
-5.38%
-41.59%
Net Profit
14.36
11.16
4.89
2.07
11.56
6.48
-7.27
-4.76
-0.63
-1.25
-1.62
-3.33
3.04
EPS in Rs
15.92
13.69
6.71
3.99
11.77
3.81
-8.97
-2.75
0.12
-1.49
-3.47
-0.71
5.73
Last Updated: August 9, 2024, 6:50 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:50 pm
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
361
377
394
443
508
532
570
572
596
Expenses
337
346
352
402
447
475
544
557
575
Operating Profit
24
31
42
41
61
57
26
15
21
OPM %
7%
8%
11%
9%
12%
11%
5%
3%
4%
Other Income
18
15
15
17
-13
18
19
5
8
Interest
6
5
5
12
17
13
11
11
13
Depreciation
8
8
9
11
12
13
13
17
18
Profit before tax
28
33
43
35
18
50
21
-8
-3
Tax %
53%
36%
29%
25%
43%
35%
36%
0%
Net Profit
13
21
31
27
10
33
13
-8
-3
EPS in Rs
18.89
25.57
29.79
24.56
1.88
40.51
10.59
-7.59
0.06
Dividend Payout %
66%
49%
34%
41%
133%
31%
47%
-66%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
61.54%
47.62%
-12.90%
-62.96%
230.00%
-60.61%
-161.54%
Change in YoY Net Profit Growth (%)
0.00%
-13.92%
-60.52%
-50.06%
292.96%
-290.61%
-100.93%
Indo National Ltd Growth
Compounded Sales Growth
10 Years:
%
5 Years:
8%
3 Years:
6%
TTM:
12%
Compounded Profit Growth
10 Years:
%
5 Years:
-12%
3 Years:
-32%
TTM:
264%
Stock Price CAGR
10 Years:
11%
5 Years:
21%
3 Years:
3%
1 Year:
17%
Return on Equity
10 Years:
%
5 Years:
4%
3 Years:
2%
Last Year:
4%
Last Updated: July 17, 2024, 5:35 pm
Balance Sheet
Last Updated: August 9, 2024, 6:50 pm
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Equity Capital
4
4
4
4
4
4
4
4
4
Reserves
172
198
209
219
211
238
236
228
232
Borrowings
58
49
65
113
121
123
124
132
140
Other Liabilities
77
78
152
146
161
148
147
151
223
Total Liabilities
311
329
431
481
496
513
511
515
599
Fixed Assets
134
158
163
182
188
182
215
226
254
CWIP
1
2
14
5
1
1
2
4
2
Investments
0
0
0
0
0
0
0
0
0
Other Assets
177
169
254
295
307
330
294
284
343
Total Assets
311
329
431
481
496
513
511
515
599
Reserves and Borrowings Chart
Indo National Ltd Cash Flow
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Cash from Operating ActivityÂ
37
44
38
-19
10
11
35
36
44
Cash from Investing ActivityÂ
-21
-20
-12
-7
1
5
-35
-28
-38
Cash from Financing ActivityÂ
-11
-30
-18
29
-9
-10
-20
-9
-9
Net Cash Flow
5
-6
8
2
2
5
-20
-1
-4
Free Cash Flow
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
-34.00
-18.00
-23.00
-72.00
-60.00
-66.00
-98.00
-117.00
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Free Cash Flow Chart
Financial Efficiency Indicators
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Debtor Days
81
82
116
113
83
103
61
80
76
Inventory Days
72
82
79
85
111
107
124
88
95
Days Payable
29
41
92
77
87
77
63
69
72
Cash Conversion Cycle
124
124
103
120
107
133
122
99
99
Working Capital Days
78
89
45
76
91
133
113
103
88
ROCE %
16%
18%
15%
18%
16%
7%
1%
8%
Financial Efficiency Indicators Chart
Share Holding Pattern
Month
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Promoters
65.35%
65.35%
65.35%
65.35%
65.35%
65.35%
65.35%
65.35%
65.35%
65.35%
65.35%
65.35%
FIIs
0.16%
0.00%
0.13%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.03%
0.00%
Public
34.49%
34.64%
34.52%
34.65%
34.65%
34.64%
34.65%
34.64%
34.65%
34.65%
34.62%
34.65%
No. of Shareholders
10,013
11,607
11,790
12,235
12,645
11,749
11,871
11,766
11,280
10,216
11,052
13,027
Shareholding Pattern Chart
No. of Shareholders
This stock is not held by any mutual fund
ROCE Trend
EPS Trend
Key Financial Ratios
Month
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
FaceValue
5.00
5.00
5.00
10.00
10.00
Basic EPS (Rs.)
12.83
-7.59
10.59
81.01
3.75
Diluted EPS (Rs.)
12.83
-7.59
10.59
81.01
3.75
Cash EPS (Rs.)
43.03
11.91
35.44
120.25
60.39
Book Value[Excl.RevalReserv]/Share (Rs.)
364.62
349.21
367.58
727.04
653.56
Book Value[Incl.RevalReserv]/Share (Rs.)
364.62
349.21
367.58
727.04
653.56
Revenue From Operations / Share (Rs.)
854.14
762.70
760.24
1418.16
1355.13
PBDIT / Share (Rs.)
67.75
26.79
59.81
201.81
203.88
PBIT / Share (Rs.)
44.23
4.22
42.24
168.25
171.32
PBT / Share (Rs.)
25.89
-10.68
27.88
132.84
49.20
Net Profit / Share (Rs.)
19.52
-10.66
17.87
86.70
27.84
NP After MI And SOA / Share (Rs.)
12.82
-7.59
10.59
81.00
3.75
PBDIT Margin (%)
7.93
3.51
7.86
14.23
15.04
PBIT Margin (%)
5.17
0.55
5.55
11.86
12.64
PBT Margin (%)
3.03
-1.40
3.66
9.36
3.63
Net Profit Margin (%)
2.28
-1.39
2.35
6.11
2.05
NP After MI And SOA Margin (%)
1.50
-0.99
1.39
5.71
0.27
Return on Networth / Equity (%)
4.07
-2.45
3.30
12.55
0.65
Return on Capital Employeed (%)
9.08
0.99
9.19
18.70
21.18
Return On Assets (%)
1.60
-1.10
1.55
5.91
0.28
Long Term Debt / Equity (X)
0.20
0.12
0.15
0.14
0.16
Total Debt / Equity (X)
0.59
0.56
0.51
0.43
0.49
Asset Turnover Ratio (%)
1.15
0.97
0.86
0.92
0.84
Current Ratio (X)
1.41
1.42
1.73
1.86
1.58
Quick Ratio (X)
0.99
0.97
1.04
1.36
1.12
Inventory Turnover Ratio (X)
2.55
1.68
1.64
2.06
2.17
Dividend Payout Ratio (NP) (%)
0.00
0.00
118.00
6.17
0.00
Dividend Payout Ratio (CP) (%)
0.00
0.00
44.37
4.36
0.00
Earning Retention Ratio (%)
0.00
0.00
-18.00
93.83
0.00
Cash Earning Retention Ratio (%)
0.00
0.00
55.63
95.64
0.00
Interest Coverage Ratio (X)
3.69
1.80
4.17
5.70
4.61
Interest Coverage Ratio (Post Tax) (X)
2.06
0.28
2.24
3.45
3.39
Enterprise Value (Cr.)
558.51
360.26
420.51
359.12
244.39
EV / Net Operating Revenue (X)
0.87
0.62
0.73
0.67
0.48
EV / EBITDA (X)
10.99
17.93
9.37
4.75
3.20
MarketCap / Net Operating Revenue (X)
0.64
0.38
0.51
0.50
0.32
Retention Ratios (%)
0.00
0.00
-18.00
93.82
0.00
Price / BV (X)
1.75
0.95
1.22
1.10
0.76
Price / Net Operating Revenue (X)
0.64
0.38
0.51
0.50
0.32
EarningsYield
0.02
-0.02
0.02
0.11
0.01
Profitability Ratios (%)
Liquidity Ratios
Liquidity Ratios (%)
Interest Coverage Ratios (%)
Valuation Ratios
Fair Value
Fair Value: ₹40.48
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.
Overvalued: 93.03% compared to the current price ₹581.00
Intrinsic Value: 20.33
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.
This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.
Overvalued: 96.50% compared to the current price ₹581.00
Last 5 Year EPS CAGR: -49.79%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The company has higher reserves (215.89 cr) compared to borrowings (102.78 cr), indicating strong financial stability.
The company has shown consistent growth in sales (483.67 cr) and profit (24.11 cr) over the years.
The stock has a low average ROCE of 11.00%, which may not be favorable.
The stock has a high average Working Capital Days of 90.67, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 114.56, which may not be favorable.
Stock Analysis
Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Indo National Ltd:
Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
ROE%: 4.07% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
Stock P/E: 3.1 (Industry average Stock P/E: 0)
Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
Total Debt / Equity: 0.59
Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions. Stock Rating:
About the Company - Qualitative Analysis
Indo National Ltd. is a Public Limited Listed company incorporated on 15/07/1972 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L31909TN1972PLC006196 and registration number is 006196. Currently Company is involved in the business activities of Manufacture of electric lighting equipment. Company’s Total Operating Revenue is Rs. 368.27 Cr. and Equity Capital is Rs. 3.75 Cr. for the Year ended 31/03/2022.
INDUSTRY
ADDRESS
CONTACT
Dry Cells
No.609, Mount Road, Lakshmi Bhavan, Chennai (Madras) Tamil Nadu 600006
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indo National Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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