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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of India Nippon Electricals Ltd

About the Company - India Nippon Electricals Ltd

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.
INDUSTRYADDRESSCONTACT
Auto Ancl - ElectricalNo.11 & 13, Patullos Road, Chennai (Madras) Tamil Nadu 600002investors@inel.co.in
http://www.indianippon.com
Management
NamePosition Held
Mr. T K BalajiChairman
Mr. Arvind BalajiManaging Director
Mr. Anant Jaivant TalaulicarDirector
Ms. Gangapriya ChakravertiDirector
Ms. Priyamvada BalajiDirector
Mr. Heramb Ravindra HajarnavisDirector

India Nippon Electricals Ltd. Share Price Update

Share PriceValue
Today₹689.00
Previous Day₹676.45

Basic Stock Data of India Nippon Electricals Ltd

Market Cap 1,756 Cr.
Current Price 776
High / Low813/325
Stock P/E33.1
Book Value 259
Dividend Yield1.34 %
ROCE11.3 %
ROE9.05 %
Face Value 5.00

Data Source: screener.in

India Nippon Electricals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales144153150110159148149156186156158160190
Expenses123131134107138135137146167147143150170
Operating Profit2122164211312101910151020
OPM %14%14%11%3%13%9%8%6%10%6%9%6%10%
Other Income12444215359565
Interest0000000000000
Depreciation2333334444444
Profit before tax202118422122392115161221
Tax %29%14%23%20%19%19%17%58%19%9%11%21%16%
Net Profit14181431810194171414918
EPS in Rs6.137.856.021.547.924.268.491.647.405.996.284.097.75

India Nippon Electricals Ltd Quarterly Chart

India Nippon Electricals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales261269261324336351452525479481566656664
Expenses225235237290301316388449424436517603610
Operating Profit36342433353564765545505354
OPM %14%12%9%10%10%10%14%14%11%9%9%8%8%
Other Income989791413152616252325
Interest0000000011000
Depreciation66684468910131515
Profit before tax40352732404471837151626063
Tax %22%19%24%29%27%33%29%29%24%22%18%20%
Net Profit29292123293050595440504855
EPS in Rs13.0412.939.3910.2112.8013.0822.0125.8824.0217.5222.2121.3224.11
Dividend Payout %35%35%48%44%35%38%30%27%28%34%28%43%

India Nippon Electricals Ltd Profit & Loss Yearly Chart

India Nippon Electricals Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:8%
3 Years:11%
TTM:6%
Compounded Profit Growth
10 Years:5%
5 Years:0%
3 Years:2%
TTM:0%
Stock Price CAGR
10 Years:24%
5 Years:15%
3 Years:24%
1 Year:106%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:9%
Last Year:9%

India Nippon Electricals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Reserves175193202212245264331389408440494549576
Borrowings0000000055443
Other Liabilities434051557086103109105137132154184
Total Liabilities229245264278326362445510529593641718774
Fixed Assets36424547505764668191130134137
CWIP73112377133451315
Investments7693104126154189226261262261278355385
Other Assets110106115104121112148176173207228215236
Total Assets229245264278326362445510529593641718774

India Nippon Electricals Ltd Reserves and Borrowings Chart

India Nippon Electricals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 18251830334227365238757
Cash from Investing Activity -12-16-18-17-14-36-17-17-7-3428-46
Cash from Financing Activity -6-12-12-11-17-7-8-18-38-15-15-22
Net Cash Flow-0-3-1212-1128-1020-11

India Nippon Electricals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days656883716669757267837666
Inventory Days373034293935383845494645
Days Payable6659634860979480881038377
Cash Conversion Cycle36385452457203024293935
Working Capital Days43436040269233234364939
ROCE %22%18%13%14%15%14%22%22%15%12%10%11%

India Nippon Electricals Ltd Financial Efficiency Indicators Chart

India Nippon Electricals Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters66.39%66.39%66.39%66.39%66.39%70.39%70.39%70.38%70.38%70.38%70.37%70.37%
FIIs0.01%0.00%0.00%0.00%0.01%0.19%0.13%0.14%0.11%0.09%0.08%0.12%
DIIs2.87%2.87%2.50%2.48%2.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public30.73%30.74%31.11%31.13%31.29%29.43%29.49%29.47%29.51%29.53%29.54%29.51%
No. of Shareholders14,26814,19317,49719,82219,63118,48618,78918,27018,10318,39918,21317,772

India Nippon Electricals Ltd Shareholding Pattern Chart

No. of India Nippon Electricals Ltd Shareholders

This stock is not held by any mutual fund

India Nippon Electricals Ltd ROCE Trend

India Nippon Electricals Ltd EPS Trend

India Nippon Electricals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)21.3221.7617.5224.0225.88
Diluted EPS (Rs.)21.3221.7617.5224.0225.88
Cash EPS (Rs.)27.7927.4422.0928.9229.75
Book Value[Excl.RevalReserv]/Share (Rs.)247.71222.87199.36185.57177.01
Book Value[Incl.RevalReserv]/Share (Rs.)247.71222.87199.36185.57177.01
Revenue From Operations / Share (Rs.)290.12250.32212.73211.66232.17
PBDIT / Share (Rs.)33.3632.4927.1936.6440.58
PBIT / Share (Rs.)26.9026.8122.6232.4837.16
PBT / Share (Rs.)26.7126.5922.3732.2337.12
Net Profit / Share (Rs.)21.3221.7617.5224.7626.33
NP After MI And SOA / Share (Rs.)21.3221.7617.5224.0225.88
PBDIT Margin (%)11.4912.9712.7817.3017.47
PBIT Margin (%)9.2710.7010.6315.3416.00
PBT Margin (%)9.2010.6210.5115.2215.98
Net Profit Margin (%)7.348.698.2311.6911.34
NP After MI And SOA Margin (%)7.348.698.2311.3411.14
Return on Networth / Equity (%)8.609.768.7812.9414.62
Return on Capital Employeed (%)10.2011.4010.9116.9120.67
Return On Assets (%)6.717.676.6810.2611.48
Long Term Debt / Equity (X)0.000.000.010.010.00
Total Debt / Equity (X)0.000.000.010.010.00
Asset Turnover Ratio (%)0.960.920.850.921.10
Current Ratio (X)3.013.222.703.262.89
Quick Ratio (X)2.552.772.352.862.55
Inventory Turnover Ratio (X)8.358.517.918.4910.28
Dividend Payout Ratio (NP) (%)43.3728.7234.2444.7425.11
Dividend Payout Ratio (CP) (%)33.2822.7727.1538.1422.18
Earning Retention Ratio (%)56.6371.2865.7655.2674.89
Cash Earning Retention Ratio (%)66.7277.2372.8561.8677.82
Interest Coverage Ratio (X)179.67149.86109.61148.041112.60
Interest Coverage Ratio (Post Tax) (X)115.83101.3671.62101.04723.09
Enterprise Value (Cr.)726.27925.30806.07406.84939.90
EV / Net Operating Revenue (X)1.111.631.680.841.79
EV / EBITDA (X)9.6212.5913.104.9110.24
MarketCap / Net Operating Revenue (X)1.141.701.730.891.82
Retention Ratios (%)56.6271.2765.7555.2574.88
Price / BV (X)1.341.911.851.022.38
Price / Net Operating Revenue (X)1.141.701.730.891.82
EarningsYield0.060.050.040.120.06

India Nippon Electricals Ltd Profitability Ratios (%)

India Nippon Electricals Ltd Liquidity Ratios

India Nippon Electricals Ltd Liquidity Ratios (%)

India Nippon Electricals Ltd Interest Coverage Ratios (%)

India Nippon Electricals Ltd Valuation Ratios

Fair Value of India Nippon Electricals Ltd Stock

Fair Value: ₹786.24

The stock is undervalued by 1.32% compared to the current price ₹776

*Investments are subject to market risks

Strength and Weakness of India Nippon Electricals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.67%, which is a positive sign.
  2. The company has higher reserves (344.46 cr) compared to borrowings (1.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (432.69 cr) and profit (52.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 29.19 and average Dividend Yield of 12.39%.
  2. The stock has a high average Working Capital Days of 36.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 34.08, which may not be favorable.

About the Author

Author Avatar
Getaka

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