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Last Updated: April 2, 2026, 3:05 am
Author: Getaka|Social: XLinkedIn

India Nippon Electricals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹575.56Overvalued by 19.73%vs CMP ₹717.00

P/E (16.5) × ROE (12.3%) × BV (₹347.00) × DY (2.16%)

₹524.00Overvalued by 26.92%vs CMP ₹717.00
MoS: -36.8% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹658.3222%Fair (-8.2%)
Graham NumberEarnings₹582.6416%Over (-18.7%)
Earnings PowerEarnings₹223.6913%Over (-68.8%)
DCFCash Flow₹854.9813%Under (+19.2%)
Net Asset ValueAssets₹346.357%Over (-51.7%)
EV/EBITDAEnterprise₹507.169%Over (-29.3%)
Earnings YieldEarnings₹434.807%Over (-39.4%)
ROCE CapitalReturns₹315.697%Over (-56%)
Revenue MultipleRevenue₹373.305%Over (-47.9%)
Consensus (9 models)₹524.00100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 14.4%

*Investments are subject to market risks

Investment Snapshot

68
India Nippon Electricals Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 15.4% GoodROE 12.3% GoodD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.23% (6mo) Slight increasePromoter holding at 70.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +24% YoY AcceleratingProfit (4Q): +31% YoY Strong
Industry Rank50/100 · Moderate
P/E 16.5 vs industry 16.5 In-lineROCE 15.4% vs industry 15.4% Average3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:05 am

Market Cap 1,623 Cr.
Current Price 717
Intrinsic Value₹524.00
High / Low 1,100/546
Stock P/E16.5
Book Value 347
Dividend Yield2.16 %
ROCE15.4 %
ROE12.3 %
Face Value 5.00
PEG Ratio1.15

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for India Nippon Electricals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
India Nippon Electricals Ltd 1,623 Cr. 717 1,100/54616.5 3472.16 %15.4 %12.3 % 5.00
Industry Average1,623.00 Cr717.0016.50347.002.16%15.40%12.30%5.00

All Competitor Stocks of India Nippon Electricals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 156158160190179196187210215234225273272
Expenses 144143150170164174170186189206202243242
Operating Profit 12151020152217242628233029
OPM % 8%9%6%10%8%11%9%11%12%12%10%11%11%
Other Income 656568119291279
Interest 0000000000000
Depreciation 4444444466444
Profit before tax 15161221172623282130303233
Tax % 9%11%21%16%30%21%22%26%25%10%24%28%25%
Net Profit 1414918122018211627232325
EPS in Rs 5.996.284.097.755.349.038.029.357.0611.9410.2610.2611.02

Last Updated: March 4, 2026, 9:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2613243363514525254794815666567248451,003
Expenses 237290301316388449424436517603658751893
Operating Profit 243335356476554550536694109
OPM % 9%10%10%10%14%14%11%9%9%8%9%11%11%
Other Income 97914131526162523253036
Interest 0000001100000
Depreciation 6844689101315152119
Profit before tax 2732404471837151626076103126
Tax % 24%29%27%33%29%29%24%22%18%20%22%20%
Net Profit 21232930505954405048598298
EPS in Rs 9.3910.2112.8013.0822.0125.8824.0217.5222.2121.3226.2136.3743.48
Dividend Payout % 48%44%35%38%30%27%28%34%28%43%39%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)9.52%26.09%3.45%66.67%18.00%-8.47%-25.93%25.00%-4.00%22.92%38.98%
Change in YoY Net Profit Growth (%)0.00%16.56%-22.64%63.22%-48.67%-26.47%-17.45%50.93%-29.00%26.92%16.07%

India Nippon Electricals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:12%
3 Years:14%
TTM:18%
Compounded Profit Growth
10 Years:14%
5 Years:13%
3 Years:27%
TTM:28%
Stock Price CAGR
10 Years:17%
5 Years:20%
3 Years:27%
1 Year:5%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:11%
Last Year:12%

Last Updated: September 5, 2025, 7:00 am

Balance Sheet

Last Updated: February 1, 2026, 12:50 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111111111111111111111111
Reserves 202212245264331389408440494549612700773
Borrowings -0-0-0-0-0-05544322
Other Liabilities 51557086103109105137132154211226240
Total Liabilities 2642783263624455105295936417188379391,026
Fixed Assets 4547505764668191130134143154154
CWIP 112377133451313412
Investments 104126154189226261262261278355432472517
Other Assets 115104121112148176173207228215249308343
Total Assets 2642783263624455105295936417188379391,026

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 18303342273652387576350
Cash from Investing Activity + -18-17-14-36-17-17-7-3428-46-39-12
Cash from Financing Activity + -12-11-17-7-8-18-38-15-15-22-25-30
Net Cash Flow -1212-1128-1020-11-18
Free Cash Flow 121927299214514323926
CFO/OP 102%114%118%152%70%80%126%109%33%128%118%77%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow24.0033.0035.0035.0064.0076.0050.0040.0046.0049.0063.0092.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 837166697572678376667173
Inventory Days 342939353838454946455146
Days Payable 6348609794808810383779589
Cash Conversion Cycle 54524572030242939352730
Working Capital Days 60402692332333549382937
ROCE %13%14%15%14%22%22%15%12%10%11%13%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 70.38%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%70.37%
FIIs 0.09%0.08%0.12%0.15%0.13%0.14%0.21%0.21%0.19%0.28%0.37%0.42%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%
Public 29.53%29.54%29.51%29.49%29.50%29.49%29.43%29.42%29.45%29.35%29.25%29.14%
No. of Shareholders 18,39918,21317,77217,87718,53319,12020,68921,37621,83721,81221,77622,883

Shareholding Pattern Chart

No. of Shareholders

India Nippon Electricals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 36.3726.2121.3221.7617.52
Diluted EPS (Rs.) 36.3726.2121.3221.7617.52
Cash EPS (Rs.) 45.4632.8927.7927.4422.09
Book Value[Excl.RevalReserv]/Share (Rs.) 314.40275.53247.71222.87199.36
Book Value[Incl.RevalReserv]/Share (Rs.) 314.40275.53247.71222.87199.36
Revenue From Operations / Share (Rs.) 373.49320.11290.12250.32212.73
PBDIT / Share (Rs.) 54.7740.3433.3632.4927.19
PBIT / Share (Rs.) 45.6833.6726.9026.8122.62
PBT / Share (Rs.) 45.5033.5026.7126.5922.37
Net Profit / Share (Rs.) 36.3726.2221.3221.7617.52
NP After MI And SOA / Share (Rs.) 36.3726.2221.3221.7617.52
PBDIT Margin (%) 14.6612.6011.4912.9712.78
PBIT Margin (%) 12.2210.519.2710.7010.63
PBT Margin (%) 12.1810.469.2010.6210.51
Net Profit Margin (%) 9.738.187.348.698.23
NP After MI And SOA Margin (%) 9.738.187.348.698.23
Return on Networth / Equity (%) 11.569.518.609.768.78
Return on Capital Employeed (%) 13.6711.4210.2011.4010.91
Return On Assets (%) 8.767.086.717.676.68
Long Term Debt / Equity (X) 0.000.000.000.000.01
Total Debt / Equity (X) 0.000.000.000.000.01
Asset Turnover Ratio (%) 0.950.930.960.920.85
Current Ratio (X) 2.382.513.013.222.70
Quick Ratio (X) 1.992.112.552.772.35
Inventory Turnover Ratio (X) 11.9511.568.358.517.91
Dividend Payout Ratio (NP) (%) 34.3739.0843.3728.7234.24
Dividend Payout Ratio (CP) (%) 27.4931.1633.2822.7727.15
Earning Retention Ratio (%) 65.6360.9256.6371.2865.76
Cash Earning Retention Ratio (%) 72.5168.8466.7277.2372.85
Interest Coverage Ratio (X) 317.64234.00179.67149.86109.61
Interest Coverage Ratio (Post Tax) (X) 211.97153.05115.83101.3671.62
Enterprise Value (Cr.) 1332.581516.90726.27925.30806.07
EV / Net Operating Revenue (X) 1.582.091.111.631.68
EV / EBITDA (X) 10.7616.629.6212.5913.10
MarketCap / Net Operating Revenue (X) 1.602.121.141.701.73
Retention Ratios (%) 65.6260.9156.6271.2765.75
Price / BV (X) 1.912.461.341.911.85
Price / Net Operating Revenue (X) 1.602.121.141.701.73
EarningsYield 0.060.030.060.050.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

India Nippon Electricals Ltd. is a Public Limited Listed company incorporated on 12/07/1984 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L31901TN1984PLC011021 and registration number is 011021. Currently Company is involved in the business activities of Manufacture of motor vehicle electrical equipment, such as generators, alternators, spark plugs, ignition wiring harnesses, power window and door systems, assembly of purchased gauges into instrument panels, voltage regulators, etc.. Company's Total Operating Revenue is Rs. 844.83 Cr. and Equity Capital is Rs. 11.31 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - ElectricalNo.11 & 13, Chennai (Madras) Tamil Nadu 600002Contact not found
Management
NamePosition Held
Mr. T K BalajiChairman
Mr. Arvind BalajiManaging Director
Mr. Anant Jaivant TalaulicarDirector
Mr. Heramb Ravindra HajarnavisDirector
Ms. Gangapriya ChakravertiDirector
Ms. Priyamvada BalajiDirector

FAQ

What is the intrinsic value of India Nippon Electricals Ltd and is it undervalued?

As of 14 April 2026, India Nippon Electricals Ltd's intrinsic value is ₹524.00, which is 26.92% lower than the current market price of ₹717.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.3 %), book value (₹347), dividend yield (2.16 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of India Nippon Electricals Ltd?

India Nippon Electricals Ltd is trading at ₹717.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,100 and low of ₹546. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,623 Cr..

How does India Nippon Electricals Ltd's P/E ratio compare to its industry?

India Nippon Electricals Ltd has a P/E ratio of 16.5, which is below the industry average of 16.50. This is broadly in line with or below the industry average.

Is India Nippon Electricals Ltd financially healthy?

Key indicators for India Nippon Electricals Ltd: ROCE of 15.4 % indicates efficient capital utilization. Dividend yield is 2.16 %.

Is India Nippon Electricals Ltd profitable and how is the profit trend?

India Nippon Electricals Ltd reported a net profit of ₹82 Cr in Mar 2025 on revenue of ₹845 Cr. Compared to ₹50 Cr in Mar 2022, the net profit shows an improving trend.

Does India Nippon Electricals Ltd pay dividends?

India Nippon Electricals Ltd has a dividend yield of 2.16 % at the current price of ₹717.00. This is a relatively attractive yield for income-seeking investors.

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 India Nippon Electricals 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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