Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Indo National Ltd

About the Company - Indo National Ltd

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.
INDUSTRYADDRESSCONTACT
Dry CellsNo.609, Mount Road, Lakshmi Bhavan, Chennai (Madras) Tamil Nadu 600006jsrinivasan@nippo.in
http://www.nippo.in
Management
NamePosition Held
Mr. N Ramesh RajanChairman
Mr. P Dwaraknath ReddyManaging Director
Mr. P Aditya ReddyJoint Managing Director
Mr. R P KhaitanJoint Managing Director
Mrs. Lakshmmi SubramanianDirector
Mr. M Sankara ReddyDirector

Basic Stock Data of Indo National Ltd

Last Updated: July 26, 2024, 10:33 pm

Market Cap 442 Cr.
Current Price 589
High / Low858/397
Stock P/E46.0
Book Value 315
Dividend Yield0.85 %
ROCE8.22 %
ROE4.11 %
Face Value 5.00
PEG Ratio-0.92

Data Source: screener.in

Indo National Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales159.90154.56128.67104.99172.13171.72121.34130.70148.95149.19143.19131.85171.50
Expenses137.97134.76119.5299.59154.08163.79126.76131.50144.54142.73138.63129.72163.81
Operating Profit21.9319.809.155.4018.057.93-5.42-0.804.416.464.562.137.69
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 Income4.335.524.973.624.078.522.551.141.280.682.362.142.61
Interest3.253.303.042.812.642.912.282.372.533.103.173.323.78
Depreciation3.123.193.153.173.283.463.273.523.595.264.554.114.38
Profit before tax19.8918.837.933.0416.2010.08-8.42-5.55-0.43-1.22-0.80-3.162.14
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 Profit14.3611.164.892.0711.566.48-7.27-4.76-0.63-1.25-1.62-3.333.04
EPS in Rs15.9213.696.713.9911.773.81-8.97-2.750.12-1.49-3.47-0.715.73

Last Updated: July 10, 2024, 6:19 pm

Indo National Ltd Quarterly Chart

Indo National Ltd Profit & Loss

Last Updated: July 10, 2024, 6:19 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales361377394443508532570572596
Expenses337346352402447475544557575
Operating Profit243142416157261521
OPM %7%8%11%9%12%11%5%3%4%
Other Income18151517-13181958
Interest655121713111113
Depreciation889111213131718
Profit before tax28334335185021-8-3
Tax %53%36%29%25%43%35%36%0%
Net Profit13213127103313-8-3
EPS in Rs18.8925.5729.7924.561.8840.5110.59-7.590.06
Dividend Payout %66%49%34%41%133%31%47%-66%

Indo National Ltd Profit & Loss Yearly Chart

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

Indo National Ltd Balance Sheet

Last Updated: July 10, 2024, 6:19 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital444444444
Reserves172198209219211238236228227
Borrowings584965113121123124132165
Other Liabilities7778152146161148147151209
Total Liabilities311329431481496513511515605
Fixed Assets134158163182188182215226236
CWIP12145112414
Investments000000000
Other Assets177169254295307330294284355
Total Assets311329431481496513511515605

Indo National Ltd Reserves and Borrowings Chart

Indo National Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 374438-191011353644
Cash from Investing Activity -21-20-12-715-35-28-38
Cash from Financing Activity -11-30-1829-9-10-20-9-9
Net Cash Flow5-68225-20-1-4

Indo National Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days818211611383103618076
Inventory Days728279851111071248895
Days Payable294192778777636972
Cash Conversion Cycle1241241031201071331229999
Working Capital Days788945769113311310388
ROCE %16%18%15%18%16%7%1%

Indo National Ltd Financial Efficiency Indicators Chart

Indo National Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters65.35%65.35%65.35%65.35%65.35%65.35%65.35%65.35%65.35%65.35%65.35%65.35%
FIIs0.00%0.16%0.00%0.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%
DIIs4.77%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public29.87%34.49%34.64%34.52%34.65%34.65%34.64%34.65%34.64%34.65%34.65%34.62%
No. of Shareholders7,54610,01311,60711,79012,23512,64511,74911,87111,76611,28010,21611,052

Indo National Ltd Shareholding Pattern Chart

No. of Indo National Ltd Shareholders

This stock is not held by any mutual fund

Indo National Ltd ROCE Trend

Indo National Ltd EPS Trend

Indo National Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.0010.0010.00
Basic EPS (Rs.)12.83-7.5910.5981.013.75
Diluted EPS (Rs.)12.83-7.5910.5981.013.75
Cash EPS (Rs.)43.0311.9135.44120.2560.39
Book Value[Excl.RevalReserv]/Share (Rs.)364.62349.21367.58727.04653.56
Book Value[Incl.RevalReserv]/Share (Rs.)364.62349.21367.58727.04653.56
Revenue From Operations / Share (Rs.)854.14762.70760.241418.161355.13
PBDIT / Share (Rs.)67.7526.7959.81201.81203.88
PBIT / Share (Rs.)44.234.2242.24168.25171.32
PBT / Share (Rs.)25.89-10.6827.88132.8449.20
Net Profit / Share (Rs.)19.52-10.6617.8786.7027.84
NP After MI And SOA / Share (Rs.)12.82-7.5910.5981.003.75
PBDIT Margin (%)7.933.517.8614.2315.04
PBIT Margin (%)5.170.555.5511.8612.64
PBT Margin (%)3.03-1.403.669.363.63
Net Profit Margin (%)2.28-1.392.356.112.05
NP After MI And SOA Margin (%)1.50-0.991.395.710.27
Return on Networth / Equity (%)4.07-2.453.3012.550.65
Return on Capital Employeed (%)9.080.999.1918.7021.18
Return On Assets (%)1.60-1.101.555.910.28
Long Term Debt / Equity (X)0.200.120.150.140.16
Total Debt / Equity (X)0.590.560.510.430.49
Asset Turnover Ratio (%)1.150.970.860.920.84
Current Ratio (X)1.411.421.731.861.58
Quick Ratio (X)0.990.971.041.361.12
Inventory Turnover Ratio (X)2.551.681.642.062.17
Dividend Payout Ratio (NP) (%)0.000.00118.006.170.00
Dividend Payout Ratio (CP) (%)0.000.0044.374.360.00
Earning Retention Ratio (%)0.000.00-18.0093.830.00
Cash Earning Retention Ratio (%)0.000.0055.6395.640.00
Interest Coverage Ratio (X)3.691.804.175.704.61
Interest Coverage Ratio (Post Tax) (X)2.060.282.243.453.39
Enterprise Value (Cr.)558.51360.26420.51359.12244.39
EV / Net Operating Revenue (X)0.870.620.730.670.48
EV / EBITDA (X)10.9917.939.374.753.20
MarketCap / Net Operating Revenue (X)0.640.380.510.500.32
Retention Ratios (%)0.000.00-18.0093.820.00
Price / BV (X)1.750.951.221.100.76
Price / Net Operating Revenue (X)0.640.380.510.500.32
EarningsYield0.02-0.020.020.110.01

Indo National Ltd Profitability Ratios (%)

Indo National Ltd Liquidity Ratios

Indo National Ltd Liquidity Ratios (%)

Indo National Ltd Interest Coverage Ratios (%)

Indo National Ltd Valuation Ratios

Fair Value

Fair Value: 600.60

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: 1.97% compared to the current price 589

Intrinsic Value: 301.57

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.

Overvalued: 48.80% compared to the current price 589

Last 5 Year EPS CAGR: -49.79%

*Investments are subject to market risks

Strength and Weakness of Indo National Ltd Stock

StrengthWeakness
  1. The company has higher reserves (215.89 cr) compared to borrowings (102.78 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (483.67 cr) and profit (24.11 cr) over the years.
  1. The stock has a low average ROCE of 10.11%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 90.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 114.56, which may not be favorable.

FAQ

What is the latest fair value of Indo National Ltd?

The latest fair value of Indo National Ltd is ₹600.60.

What is the Market Cap of Indo National Ltd?

The Market Cap of Indo National Ltd is 442 Cr..

What is the current Stock Price of Indo National Ltd as on 27 July 2024?

The current stock price of Indo National Ltd as on 27 July 2024 is 589.

What is the High / Low of Indo National Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indo National Ltd stocks is 858/397.

What is the Stock P/E of Indo National Ltd?

The Stock P/E of Indo National Ltd is 46.0.

What is the Book Value of Indo National Ltd?

The Book Value of Indo National Ltd is 315.

What is the Dividend Yield of Indo National Ltd?

The Dividend Yield of Indo National Ltd is 0.85 %.

What is the ROCE of Indo National Ltd?

The ROCE of Indo National Ltd is 8.22 %.

What is the ROE of Indo National Ltd?

The ROE of Indo National Ltd is 4.11 %.

What is the Face Value of Indo National Ltd?

The Face Value of Indo National 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 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