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Last Updated on: 24 June, 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

Basic Stock Data of India Nippon Electricals Ltd

Last Updated: June 15, 2024, 10:09 pm

Market Cap 1,792 Cr.
Current Price 792
High / Low813/386
Stock P/E30.2
Book Value 276
Dividend Yield1.29 %
ROCE12.8 %
ROE10.0 %
Face Value 5.00
PEG Ratio403.61

India Nippon Electricals Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales153150110159148149156186156158160190179
Expenses131134107138135137146167144143150170164
Operating Profit2216421131210191215102015
OPM %14%11%3%13%9%8%6%10%8%9%6%10%8%
Other Income24442153565656
Interest0000000000000
Depreciation3333344444444
Profit before tax211842212239211516122117
Tax %14%23%20%19%19%17%58%19%9%11%21%16%30%
Net Profit18143181019417141491812
EPS in Rs7.856.021.547.924.268.491.647.405.996.284.097.755.34

Last Updated: June 5, 2024, 10:25 am

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:22%
5 Years:9%
3 Years:25%
1 Year:93%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:9%
Last Year:9%

Last Updated: April 17, 2024, 12:48 am

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days688371666975726783766671
Inventory Days303429393538384549464551
Days Payable59634860979480881038377101
Cash Conversion Cycle38545245720302429393521
Working Capital Days436040269233234364939121
ROCE %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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters66.39%66.39%66.39%70.39%70.39%70.38%70.38%70.38%70.37%70.37%70.37%70.37%
FIIs0.00%0.00%0.01%0.19%0.13%0.14%0.11%0.09%0.08%0.12%0.15%0.13%
DIIs2.50%2.48%2.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public31.11%31.13%31.29%29.43%29.49%29.47%29.51%29.53%29.54%29.51%29.49%29.50%
No. of Shareholders17,49719,82219,63118,48618,78918,27018,10318,39918,21317,77217,87718,533

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)26.2121.3221.7617.5224.02
Diluted EPS (Rs.)26.2121.3221.7617.5224.02
Cash EPS (Rs.)32.8927.7927.4422.0928.92
Book Value[Excl.RevalReserv]/Share (Rs.)275.53247.71222.87199.36185.57
Book Value[Incl.RevalReserv]/Share (Rs.)275.53247.71222.87199.36185.57
Revenue From Operations / Share (Rs.)320.11290.12250.32212.73211.66
PBDIT / Share (Rs.)40.3433.3632.4927.1936.64
PBIT / Share (Rs.)33.6726.9026.8122.6232.48
PBT / Share (Rs.)33.5026.7126.5922.3732.23
Net Profit / Share (Rs.)26.2221.3221.7617.5224.76
NP After MI And SOA / Share (Rs.)26.2221.3221.7617.5224.02
PBDIT Margin (%)12.6011.4912.9712.7817.30
PBIT Margin (%)10.519.2710.7010.6315.34
PBT Margin (%)10.469.2010.6210.5115.22
Net Profit Margin (%)8.187.348.698.2311.69
NP After MI And SOA Margin (%)8.187.348.698.2311.34
Return on Networth / Equity (%)9.518.609.768.7812.94
Return on Capital Employeed (%)11.4210.2011.4010.9116.91
Return On Assets (%)7.086.717.676.6810.26
Long Term Debt / Equity (X)0.000.000.000.010.01
Total Debt / Equity (X)0.000.000.000.010.01
Asset Turnover Ratio (%)0.930.960.920.850.92
Current Ratio (X)2.513.013.222.703.26
Quick Ratio (X)2.112.552.772.352.86
Inventory Turnover Ratio (X)7.598.358.517.918.49
Dividend Payout Ratio (NP) (%)0.0043.3728.7234.2444.74
Dividend Payout Ratio (CP) (%)0.0033.2822.7727.1538.14
Earning Retention Ratio (%)0.0056.6371.2865.7655.26
Cash Earning Retention Ratio (%)0.0066.7277.2372.8561.86
Interest Coverage Ratio (X)234.00179.67149.86109.61148.04
Interest Coverage Ratio (Post Tax) (X)153.05115.83101.3671.62101.04
Enterprise Value (Cr.)1516.08726.27925.30806.07406.84
EV / Net Operating Revenue (X)2.091.111.631.680.84
EV / EBITDA (X)16.619.6212.5913.104.91
MarketCap / Net Operating Revenue (X)2.121.141.701.730.89
Retention Ratios (%)0.0056.6271.2765.7555.25
Price / BV (X)2.461.341.911.851.02
Price / Net Operating Revenue (X)2.121.141.701.730.89
EarningsYield0.030.060.050.040.12

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

Fair Value: 844.27

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.

Undervalued: 6.60% compared to the current price 792

Intrinsic Value: 844.90

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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 6.68% compared to the current price ₹792

Last 5 Year EPS CAGR: 0.07%

*Investments are subject to market risks

Strength and Weakness of India Nippon Electricals Ltd Stock

StrengthWeakness
  1. The company has higher reserves (344.46 cr) compared to borrowings (1.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (432.69 cr) and profit (52.23 cr) over the years.
  1. The stock has a low average ROCE of 13.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 42.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 32.83, which may not be favorable.

FAQ

What is the latest fair value of India Nippon Electricals Ltd?

The latest fair value of India Nippon Electricals Ltd is ₹844.27.

What is the Market Cap of India Nippon Electricals Ltd?

The Market Cap of India Nippon Electricals Ltd is 1,792 Cr..

What is the current Stock Price of India Nippon Electricals Ltd as on 24 June 2024?

The current stock price of India Nippon Electricals Ltd as on 24 June 2024 is ₹792.

What is the High / Low of India Nippon Electricals Ltd stocks in FY 2024?

In FY 2024, the High / Low of India Nippon Electricals Ltd stocks is 813/386.

What is the Stock P/E of India Nippon Electricals Ltd?

The Stock P/E of India Nippon Electricals Ltd is 30.2.

What is the Book Value of India Nippon Electricals Ltd?

The Book Value of India Nippon Electricals Ltd is 276.

What is the Dividend Yield of India Nippon Electricals Ltd?

The Dividend Yield of India Nippon Electricals Ltd is 1.29 %.

What is the ROCE of India Nippon Electricals Ltd?

The ROCE of India Nippon Electricals Ltd is 12.8 %.

What is the ROE of India Nippon Electricals Ltd?

The ROE of India Nippon Electricals Ltd is 10.0 %.

What is the Face Value of India Nippon Electricals Ltd?

The Face Value of India Nippon Electricals Ltd is 5.00.

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