Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of India Nippon Electricals 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
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Sales
153
150
110
159
148
149
156
186
156
158
160
190
179
Expenses
131
134
107
138
135
137
146
167
144
143
150
170
164
Operating Profit
22
16
4
21
13
12
10
19
12
15
10
20
15
OPM %
14%
11%
3%
13%
9%
8%
6%
10%
8%
9%
6%
10%
8%
Other Income
2
4
4
4
2
15
3
5
6
5
6
5
6
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
3
3
3
3
3
4
4
4
4
4
4
4
4
Profit before tax
21
18
4
22
12
23
9
21
15
16
12
21
17
Tax %
14%
23%
20%
19%
19%
17%
58%
19%
9%
11%
21%
16%
30%
Net Profit
18
14
3
18
10
19
4
17
14
14
9
18
12
EPS in Rs
7.85
6.02
1.54
7.92
4.26
8.49
1.64
7.40
5.99
6.28
4.09
7.75
5.34
Last Updated: August 9, 2024, 6:45 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:45 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
261
269
261
324
336
351
452
525
479
481
566
656
664
Expenses
225
235
237
290
301
316
388
449
424
436
517
603
610
Operating Profit
36
34
24
33
35
35
64
76
55
45
50
53
54
OPM %
14%
12%
9%
10%
10%
10%
14%
14%
11%
9%
9%
8%
8%
Other Income
9
8
9
7
9
14
13
15
26
16
25
23
25
Interest
0
0
0
0
0
0
0
0
1
1
0
0
0
Depreciation
6
6
6
8
4
4
6
8
9
10
13
15
15
Profit before tax
40
35
27
32
40
44
71
83
71
51
62
60
63
Tax %
22%
19%
24%
29%
27%
33%
29%
29%
24%
22%
18%
20%
Net Profit
29
29
21
23
29
30
50
59
54
40
50
48
55
EPS in Rs
13.04
12.93
9.39
10.21
12.80
13.08
22.01
25.88
24.02
17.52
22.21
21.32
24.11
Dividend Payout %
35%
35%
48%
44%
35%
38%
30%
27%
28%
34%
28%
43%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
0.00%
-27.59%
9.52%
26.09%
3.45%
66.67%
18.00%
-8.47%
-25.93%
25.00%
-4.00%
Change in YoY Net Profit Growth (%)
0.00%
-27.59%
37.11%
16.56%
-22.64%
63.22%
-48.67%
-26.47%
-17.45%
50.93%
-29.00%
Growth
Compounded Sales Growth
10 Years:
11%
5 Years:
7%
3 Years:
15%
TTM:
14%
Compounded Profit Growth
10 Years:
11%
5 Years:
0%
3 Years:
14%
TTM:
27%
Stock Price CAGR
10 Years:
17%
5 Years:
19%
3 Years:
31%
1 Year:
60%
Return on Equity
10 Years:
11%
5 Years:
10%
3 Years:
9%
Last Year:
10%
Last Updated: September 7, 2024, 9:32 am
Balance Sheet
Last Updated: August 9, 2024, 6:45 pm
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Equity Capital
11
11
11
11
11
11
11
11
11
11
11
11
Reserves
193
202
212
245
264
331
389
408
440
494
549
612
Borrowings
0
0
0
0
0
0
0
5
5
4
4
3
Other Liabilities
40
51
55
70
86
103
109
105
137
132
154
211
Total Liabilities
245
264
278
326
362
445
510
529
593
641
718
837
Fixed Assets
42
45
47
50
57
64
66
81
91
130
134
144
CWIP
3
1
1
2
3
7
7
13
34
5
13
13
Investments
93
104
126
154
189
226
261
262
261
278
355
432
Other Assets
106
115
104
121
112
148
176
173
207
228
215
249
Total Assets
245
264
278
326
362
445
510
529
593
641
718
837
Reserves and Borrowings Chart
Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Cash from Operating ActivityÂ
25
18
30
33
42
27
36
52
38
7
57
63
Cash from Investing ActivityÂ
-16
-18
-17
-14
-36
-17
-17
-7
-34
28
-46
-39
Cash from Financing ActivityÂ
-12
-12
-11
-17
-7
-8
-18
-38
-15
-15
-22
-25
Net Cash Flow
-3
-12
1
2
-1
1
2
8
-10
20
-11
-1
Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
36.00
34.00
24.00
33.00
35.00
35.00
64.00
76.00
50.00
40.00
46.00
49.00
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 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Debtor Days
68
83
71
66
69
75
72
67
83
76
66
71
Inventory Days
30
34
29
39
35
38
38
45
49
46
45
51
Days Payable
59
63
48
60
97
94
80
88
103
83
77
101
Cash Conversion Cycle
38
54
52
45
7
20
30
24
29
39
35
21
Working Capital Days
43
60
40
26
9
23
32
34
36
49
39
121
ROCE %
18%
13%
14%
15%
14%
22%
22%
15%
12%
10%
11%
13%
Financial Efficiency Indicators Chart
Share Holding Pattern
Month
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Promoters
66.39%
66.39%
66.39%
70.39%
70.39%
70.38%
70.38%
70.38%
70.37%
70.37%
70.37%
70.37%
FIIs
0.00%
0.00%
0.01%
0.19%
0.13%
0.14%
0.11%
0.09%
0.08%
0.12%
0.15%
0.13%
DIIs
2.50%
2.48%
2.31%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
31.11%
31.13%
31.29%
29.43%
29.49%
29.47%
29.51%
29.53%
29.54%
29.51%
29.49%
29.50%
No. of Shareholders
17,497
19,822
19,631
18,486
18,789
18,270
18,103
18,399
18,213
17,772
17,877
18,533
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
5.00
5.00
Basic EPS (Rs.)
26.21
21.32
21.76
17.52
24.02
Diluted EPS (Rs.)
26.21
21.32
21.76
17.52
24.02
Cash EPS (Rs.)
32.89
27.79
27.44
22.09
28.92
Book Value[Excl.RevalReserv]/Share (Rs.)
275.53
247.71
222.87
199.36
185.57
Book Value[Incl.RevalReserv]/Share (Rs.)
275.53
247.71
222.87
199.36
185.57
Revenue From Operations / Share (Rs.)
320.11
290.12
250.32
212.73
211.66
PBDIT / Share (Rs.)
40.34
33.36
32.49
27.19
36.64
PBIT / Share (Rs.)
33.67
26.90
26.81
22.62
32.48
PBT / Share (Rs.)
33.50
26.71
26.59
22.37
32.23
Net Profit / Share (Rs.)
26.22
21.32
21.76
17.52
24.76
NP After MI And SOA / Share (Rs.)
26.22
21.32
21.76
17.52
24.02
PBDIT Margin (%)
12.60
11.49
12.97
12.78
17.30
PBIT Margin (%)
10.51
9.27
10.70
10.63
15.34
PBT Margin (%)
10.46
9.20
10.62
10.51
15.22
Net Profit Margin (%)
8.18
7.34
8.69
8.23
11.69
NP After MI And SOA Margin (%)
8.18
7.34
8.69
8.23
11.34
Return on Networth / Equity (%)
9.51
8.60
9.76
8.78
12.94
Return on Capital Employeed (%)
11.42
10.20
11.40
10.91
16.91
Return On Assets (%)
7.08
6.71
7.67
6.68
10.26
Long Term Debt / Equity (X)
0.00
0.00
0.00
0.01
0.01
Total Debt / Equity (X)
0.00
0.00
0.00
0.01
0.01
Asset Turnover Ratio (%)
0.93
0.96
0.92
0.85
0.92
Current Ratio (X)
2.51
3.01
3.22
2.70
3.26
Quick Ratio (X)
2.11
2.55
2.77
2.35
2.86
Inventory Turnover Ratio (X)
7.59
8.35
8.51
7.91
8.49
Dividend Payout Ratio (NP) (%)
0.00
43.37
28.72
34.24
44.74
Dividend Payout Ratio (CP) (%)
0.00
33.28
22.77
27.15
38.14
Earning Retention Ratio (%)
0.00
56.63
71.28
65.76
55.26
Cash Earning Retention Ratio (%)
0.00
66.72
77.23
72.85
61.86
Interest Coverage Ratio (X)
234.00
179.67
149.86
109.61
148.04
Interest Coverage Ratio (Post Tax) (X)
153.05
115.83
101.36
71.62
101.04
Enterprise Value (Cr.)
1516.08
726.27
925.30
806.07
406.84
EV / Net Operating Revenue (X)
2.09
1.11
1.63
1.68
0.84
EV / EBITDA (X)
16.61
9.62
12.59
13.10
4.91
MarketCap / Net Operating Revenue (X)
2.12
1.14
1.70
1.73
0.89
Retention Ratios (%)
0.00
56.62
71.27
65.75
55.25
Price / BV (X)
2.46
1.34
1.91
1.85
1.02
Price / Net Operating Revenue (X)
2.12
1.14
1.70
1.73
0.89
EarningsYield
0.03
0.06
0.05
0.04
0.12
Profitability Ratios (%)
Liquidity Ratios
Liquidity Ratios (%)
Interest Coverage Ratios (%)
Valuation Ratios
Fair Value
Fair Value: ₹738.04
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: 7.28% compared to the current price ₹796.00
Intrinsic Value: 738.59
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: 7.21% compared to the current price ₹796.00
Last 5 Year EPS CAGR: 0.07%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The company has higher reserves (361.58 cr) compared to borrowings (1.75 cr), indicating strong financial stability.
The company has shown consistent growth in sales (432.69 cr) and profit (52.23 cr) over the years.
The stock has a low average ROCE of 14.92%, which may not be favorable.
The stock has a high average Working Capital Days of 42.67, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 32.83, 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 India Nippon Electricals 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%: 9.51% (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: 26.4 (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
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
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. 566.27 Cr. and Equity Capital is Rs. 11.31 Cr. for the Year ended 31/03/2022.
INDUSTRY
ADDRESS
CONTACT
Auto Ancl - Electrical
No.11 & 13, Patullos Road, Chennai (Madras) Tamil Nadu 600002
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 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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