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India Nippon Electricals Limited
(INDNIPPON)
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Rating:74Outperform
Price Target:
₹1,329.00
▲(14.45% Upside)
Action:Reiterated
Date:09/10/26
The score is driven primarily by strong financial strength (notably very low leverage and rising profitability) and a supportive uptrend in price action. Offsetting these positives are uneven cash generation (sharp free cash flow weakness in 2026) and a valuation that is not especially cheap given the modest dividend yield.
Positive Factors
Steady revenue and profit growth
Multi-year revenue expansion combined with rising EBIT and net income indicates sustained business momentum rather than reliance on a single period. Continued growth can strengthen operating scale, support product investment, and improve the company’s ability to compete across automotive electronics applications.
Negative Factors
Unreliable cash conversion
Weak and volatile cash conversion means reported earnings have not consistently translated into available cash. Persistent working-capital swings or uneven investment needs could restrict internally funded growth, reduce capital-allocation flexibility, and make financial performance less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue and profit growth
Multi-year revenue expansion combined with rising EBIT and net income indicates sustained business momentum rather than reliance on a single period. Continued growth can strengthen operating scale, support product investment, and improve the company’s ability to compete across automotive electronics applications.
Read all positive factors
India Nippon Electricals Limited (INDNIPPON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.87B
Dividend Yield1.31%
Average Volume (3M)15.35K
Price to Earnings (P/E)23.5
Beta (1Y)1.16
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. Volume3,875
30 Day Avg. Volume15,352
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
The company makes money by manufacturing and selling automotive ignition and electronic components. Its revenue is primarily generated through (1) OEM/B2B sales: supplying ignition and electronic parts that are fitted into new vehicles/engines by ...
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 | 748.20M |
| 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
Neutral
1161.25
Price Trends
1179.98
Positive
1082.96
Positive
928.95
Positive
Market Momentum
13.64
Positive
44.81
Neutral
26.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDNIPPON, the sentiment is Neutral. The current price of 1161.25 is below the 20-day moving average (MA) of 1267.15, below the 50-day MA of 1179.98, and above the 200-day MA of 928.95, indicating a neutral trend. The MACD of 13.64 indicates Positive momentum. The RSI at 44.81 is Neutral, neither overbought nor oversold. The STOCH value of 26.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹27.87B | 23.51 | ― | 1.31% | 30.04% | 31.64% | |
69 Neutral | ₹1.31T | 53.86 | ― | 0.62% | 13.63% | -11.32% | |
68 Neutral | ₹125.72B | 61.76 | ― | 0.19% | 14.66% | 47.32% | |
65 Neutral | ₹152.89B | 29.85 | ― | 0.22% | 26.59% | 96.82% | |
60 Neutral | ₹126.03B | 37.33 | ― | 0.31% | 33.28% | 72.85% | |
60 Neutral | ₹222.56B | 34.71 | ― | 1.76% | 28.68% | -7.21% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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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...
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.