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India Nippon Electricals Limited
(INDNIPPON)
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Rating:76Outperform
Price Target:
₹1,250.00
▲(7.64% Upside)
Action:Reiterated
Date:07/10/26
The score is driven primarily by strong financial quality (especially very low leverage and profit growth), supported by bullish technical momentum with price well above key moving averages. Offsetting these positives are weaker cash-flow consistency (notably the sharp 2026 free-cash-flow decline) and a valuation that looks only fair (P/E ~22.5 with a modest ~1.4% yield).
Positive Factors
Revenue and Profit Growth
Steady multi-year revenue expansion and stronger EBIT and net income indicate healthy product demand and operating execution. Sustained growth provides a durable base for earnings over the next several quarters.
Negative Factors
Unreliable Cash Generation
Volatile free cash flow and weak conversion of profit into operating cash can constrain internally funded investment and shareholder returns. Persistent working-capital swings or uneven investment needs would reduce the quality of reported earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
Steady multi-year revenue expansion and stronger EBIT and net income indicate healthy product demand and operating execution. Sustained growth provides a durable base for earnings over the next several quarters.
Read all positive factors
India Nippon Electricals Limited (INDNIPPON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.21B
Dividend Yield1.38%
Average Volume (3M)3.78K
Price to Earnings (P/E)23.0
Beta (1Y)1.18
Revenue Growth30.04%
EPS Growth31.64%
CountryIN
Employees598
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)49.15
Shares Outstanding22,621,424
10 Day Avg. Volume5,450
30 Day Avg. Volume3,782
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.87
Price to Sales (P/S)1.44
P/FCF Ratio250.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
India Nippon Electricals Limited Business Overview & Revenue Model
Company Description
Established in 1984 and headquartered in Chennai, India, India Nippon Electricals Limited develops, produces, and markets electronic ignition systems for the automotive industry both domestically and internationally. Their extensive product lineup...
How the Company Makes Money
INDNIPPON makes money mainly by manufacturing and selling automotive ignition and electronic components. Its revenue is primarily generated through (1) OEM sales: supplying ignition/electrical systems and related components to vehicle and engine m...
India Nippon Electricals Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.68B | 8.45B | 7.24B | 6.56B | 5.66B |
| Gross Profit | 1.50B | 1.17B | 2.15B | 2.02B | 1.53B |
| EBITDA | 1.64B | 1.24B | 912.60M | 754.60M | 748.80M |
| Net Income | 1.11B | 822.80M | 593.00M | 482.30M | 502.50M |
Balance Sheet | |||||
| Total Assets | 10.67B | 9.39B | 8.37B | 7.18B | 6.41B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60B | 1.68B | 1.99B | 1.74B | 1.69B |
| Total Debt | 19.00M | 21.10M | 29.40M | 36.50M | 39.10M |
| Total Liabilities | 2.46B | 2.28B | 2.14B | 1.57B | 1.37B |
| Stockholders Equity | 8.21B | 7.11B | 6.23B | 5.60B | 5.04B |
Cash Flow | |||||
| Free Cash Flow | 61.40M | 331.70M | 387.00M | 316.50M | -206.76M |
| Operating Cash Flow | 482.90M | 564.20M | 626.90M | 568.60M | 70.52M |
| Investing Cash Flow | -266.00M | -194.00M | -386.00M | -456.70M | 280.77M |
| Financing Cash Flow | -361.90M | -293.60M | -246.00M | -219.10M | -152.72M |
India Nippon Electricals Limited Technical Analysis
Positive
1161.25
Price Trends
1122.57
Positive
980.22
Positive
881.60
Positive
Market Momentum
-7.94
Negative
60.54
Neutral
68.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDNIPPON, the sentiment is Positive. The current price of 1161.25 is above the 20-day moving average (MA) of 1103.33, above the 50-day MA of 1122.57, and above the 200-day MA of 881.60, indicating a bullish trend. The MACD of -7.94 indicates Negative momentum. The RSI at 60.54 is Neutral, neither overbought nor oversold. The STOCH value of 68.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDNIPPON.
India Nippon Electricals Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹26.21B | 23.01 | ― | 1.38% | 30.04% | 31.64% | |
69 Neutral | ₹1.38T | 58.43 | ― | 0.56% | 13.63% | -11.32% | |
68 Neutral | ₹242.06B | 38.49 | ― | 1.57% | 28.68% | -7.21% | |
65 Neutral | ₹167.46B | 32.76 | ― | 0.20% | 26.59% | 96.82% | |
63 Neutral | ₹126.16B | 64.05 | ― | 0.18% | 14.66% | 47.32% | |
60 Neutral | ₹133.13B | 41.11 | ― | 0.28% | 33.28% | 72.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:INDNIPPON
India Nippon Electricals Limited
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27.01%
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India Nippon Electricals Limited Corporate Events
India Nippon Electricals Publishes Q1 FY27 Unaudited Results in Newspapers
Aug 8, 2026
India Nippon Electricals Limited has notified the stock exchanges that it has published an extract of its unaudited standalone financial results for the quarter ended June 30, 2026 in the Business Standard and Dinamani newspapers. The disclosure h...
India Nippon Electricals Sets July 30 Virtual AGM, Confirms Dividend and Director Changes
Jul 8, 2026
India Nippon Electricals Limited has scheduled its 41st Annual General Meeting for July 30, 2026, to be conducted via video conferencing and other audio-visual means, with the notice and full annual report for FY 2025-26 made available electronica...
India Nippon Electricals Sets Book Closure Dates Ahead of AGM
Jul 8, 2026
India Nippon Electricals Limited operates in the automotive components industry, supplying electrical and ignition systems primarily for two-wheelers and other vehicles in the Indian market. The company is listed on both the National Stock Exchang...
India Nippon Electricals Streamlines AGM and Annual Report Access Through Digital Outreach
Jul 8, 2026
India Nippon Electricals Limited has announced steps to improve digital access to its corporate documents for shareholders, in line with SEBI’s Listing Obligations and Disclosure Requirements. The move reflects the company’s adoption o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.