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Indo-National Limited

NSE: NIPPOBATRY · Unclassified

₹320.95+0.33%06 Nov 2026

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Instant answers about Indo-National Limited — computed from its filings, no language model
Market cap₹241 cr
Current price₹320.95
High / Low₹445 / ₹259
P/E—
P/B0.80
Book value₹403.4
ROE-8.3%
ROCE-8.3%
Debt / equity0.11
Dividend yield1.56%
EPS (TTM)₹-33.64
Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 7 periods
FY20FY21FY22FY23FY24FY25FY26
Revenue329.7531.8570.2572.0640.6467.5452.5
EBITDA23.157.326.114.640.7-22.3-18.2
Operating margin7.0%10.8%4.6%2.6%6.4%-4.8%-4.0%
Interest5.513.310.811.213.83.22.6
Depreciation5.612.613.216.917.613.213.1
Profit before tax1.049.820.9-8.019.4151.3-26.3
Tax0.517.37.5-0.04.829.30.4
Net profit0.530.47.9-5.79.6123.8-26.3
EPS ₹1.3081.0110.59-7.5912.83165.02-35.12
Operating cash flow——35.036.043.5-55.840.4
Capex——51.930.944.741.728.0
Dividend paid——9.46.23.80.03.8
Total assets———514.8599.3721.5430.7
Equity———231.5236.2438.2302.6

Quarterly performance

last 27 quarters · ₹ crore
showing latest 8 of 27 periods
SEP '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
Revenue140.459.572.8159.9154.6128.7105.0172.1171.7121.3130.7148.9149.2143.2131.8171.5168.3168.9121.2127.6121.697.1119.4119.6106.3107.1116.1
Operating profit21.93.65.621.919.89.25.418.18.0-5.4-0.84.46.54.52.17.713.217.6-10.10.9-11.2-1.92.84.0-6.8-18.10.1
Operating margin15.6%6.0%7.7%13.7%12.8%7.1%5.1%10.5%4.7%-4.5%-0.6%3.0%4.3%3.2%1.6%4.5%7.9%10.4%-8.3%0.7%-9.2%-2.0%2.3%3.3%-6.4%-16.9%0.1%
Other income4.24.84.44.35.55.03.64.18.52.51.11.30.72.42.12.62.82.6181.73.41.83.22.21.62.31.60.9
Interest4.31.51.03.23.33.02.82.63.02.32.42.53.13.23.33.83.43.32.6-0.50.11.00.60.70.60.60.9
Depreciation3.01.41.33.13.23.13.23.33.53.33.53.65.34.54.14.44.54.74.52.92.92.93.23.33.33.33.4
Profit before tax18.8-23.77.719.918.87.93.016.210.1-8.4-5.5-0.4-1.2-0.8-3.12.18.112.3164.41.9-12.4-2.61.21.5-8.5-20.5-3.2
Tax5.6-5.92.05.57.73.01.04.63.3-1.4-1.10.20.00.80.2-0.92.33.232.7-0.3-0.3-2.70.10.4-0.60.5-5.2
Net profit13.2-17.80.014.410.35.03.08.80.0-6.7-2.10.1-1.1-2.6-0.54.33.42.4133.62.2-12.10.11.01.4-7.8-20.92.1
EPS ₹26.58-47.5215.1631.8427.3913.417.9723.553.81-8.98-2.740.11-1.49-3.47-0.705.734.593.20178.112.89-16.090.111.371.85-10.46-27.872.85
Revenue YoY———13.9%—116.2%44.3%7.6%11.1%-5.7%24.5%-13.5%-13.1%18.0%0.9%15.1%12.8%18.0%-8.1%-25.6%-27.7%-42.5%-1.4%-6.2%-12.6%10.3%-2.8%
Profit YoY———9.0%———-38.5%-100.0%-233.8%-168.9%-99.0%———4677.8%———-49.5%-450.9%-96.7%-99.2%-36.4%—-26237.5%109.8%

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Indo-National Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†FY19†
Revenue283.6317.7323.4317.4315.0326.7322.1329.1332.6288.9316.9
Operating profit27.029.426.916.613.224.938.932.936.425.118.7
Operating margin9.5%9.2%8.3%5.2%4.2%7.6%12.1%10.0%11.0%8.7%5.9%
Other income3.21.60.91.10.60.59.04.80.6—19.5
Interest——0.1—2.21.71.40.72.42.44.4
Depreciation5.65.85.65.05.35.35.45.15.25.85.9
Profit before tax24.525.021.711.74.218.340.131.929.431.228.0
Tax8.58.57.03.30.35.611.214.910.410.18.9
Net profit16.016.514.68.43.912.728.916.919.021.019.1

Quarters

showing latest 8 of 48 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†MAR '19†JUN '19†
Revenue84.678.366.382.673.164.763.278.587.776.275.481.491.183.767.279.684.080.773.177.586.579.371.778.592.183.672.482.392.981.565.484.793.381.969.290.596.076.669.569.374.781.263.873.987.389.466.380.7
Operating profit5.85.85.24.96.36.39.58.38.25.87.16.68.25.66.53.85.33.63.91.82.93.05.44.96.67.75.810.412.87.97.89.810.87.25.012.212.55.66.15.85.58.05.93.37.65.52.41.7
Operating margin6.9%7.4%7.8%6.0%8.7%9.8%15.0%10.6%9.4%7.6%9.4%8.1%9.0%6.7%9.6%4.8%6.3%4.5%5.3%2.3%3.4%3.8%7.6%6.2%7.1%9.2%8.0%12.6%13.8%9.6%12.0%11.6%11.6%8.8%7.2%13.5%13.1%7.3%8.8%8.4%7.3%9.8%9.3%4.4%8.7%6.1%3.6%2.2%
Other income1.81.92.01.90.60.40.30.40.50.40.30.40.20.20.10.40.30.30.20.40.00.10.10.30.10.10.10.10.18.60.22.00.20.22.40.20.10.20.0—4.24.35.65.04.94.84.83.9
Interest————0.10.00.00.10.0—0.00.10.00.00.1—0.10.20.10.10.30.21.60.30.30.50.60.50.30.30.30.20.20.10.20.60.80.40.50.50.50.50.80.71.01.21.51.1
Depreciation1.31.31.31.31.31.51.51.41.41.51.51.41.41.41.41.21.21.41.21.31.31.11.61.31.31.31.31.51.41.31.21.41.31.21.21.21.31.31.41.41.41.51.51.41.51.51.51.4
Profit before tax6.26.45.85.55.65.28.37.27.34.65.95.56.84.25.12.84.12.12.70.50.81.31.73.55.05.83.98.511.213.86.510.29.66.16.010.610.54.14.24.07.810.39.16.110.07.64.23.2
Tax1.92.42.41.81.82.03.02.52.31.62.21.82.11.41.70.81.10.60.8-0.1-0.20.20.40.91.61.81.32.53.71.73.23.73.92.54.93.83.61.41.61.13.03.62.31.83.52.51.30.8
Net profit4.34.03.53.73.83.25.34.85.03.13.73.84.72.83.42.03.01.51.90.61.01.11.32.63.44.02.76.07.512.13.36.55.73.61.16.86.92.62.62.84.86.66.84.46.65.22.92.4
EPS ₹11.6010.649.239.9210.218.5314.0812.7513.238.219.8710.0312.487.479.045.448.053.925.071.472.692.853.396.999.1210.697.0916.0519.9232.358.8017.4415.259.602.8818.2418.326.967.077.5712.6917.6818.1311.7117.5313.847.766.37
Revenue YoY————-13.6%-17.4%-4.7%-5.0%19.9%17.7%19.4%3.8%4.0%9.8%-10.9%-2.2%-7.8%-3.6%8.8%-2.6%3.0%-1.7%-2.0%1.3%6.5%5.4%1.1%4.8%0.8%-2.5%-9.7%2.9%0.5%0.4%5.9%6.9%2.9%-6.5%0.5%-23.5%-22.2%6.0%-8.3%6.6%17.0%10.1%4.0%9.2%
Profit YoY————-12.0%-19.8%52.6%28.5%29.5%-3.8%-29.9%-21.3%-5.6%-9.1%-8.4%-45.7%-35.5%-47.5%-44.0%-73.0%-66.6%-27.2%-33.2%376.4%238.6%274.8%109.4%129.8%118.4%202.5%24.1%8.6%-23.4%-70.3%-67.3%4.6%20.1%-27.5%145.4%-58.5%-30.7%154.0%156.6%54.6%38.0%-21.7%-57.2%-45.6%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 23 periods
DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
ROE———————-3.7%-4.2%-2.5%-1.8%0.0%2.0%4.1%60.9%31.5%28.0%28.2%-2.0%-2.4%-1.3%-8.7%-8.3%
ROCE———————1.7%-1.5%0.9%1.8%2.6%5.0%8.8%53.2%40.1%35.2%31.4%-2.2%-2.3%-1.3%-7.0%-8.3%
Net margin1.5%5.7%6.0%4.8%2.9%0.9%0.0%-1.5%-1.8%-1.0%-0.7%0.0%0.7%1.5%22.8%24.2%23.4%26.5%-1.9%-2.1%-1.2%-5.8%-5.6%
EBITDA margin11.4%10.9%10.3%9.3%7.0%4.6%3.3%1.1%0.8%2.6%3.1%3.5%4.5%6.4%4.5%3.7%-0.5%-4.8%-2.0%-1.4%-0.5%-4.0%-4.6%
Debt / equity———————0.500.500.570.570.720.720.590.590.080.080.120.120.090.090.110.11
Interest coverage3.516.125.024.914.252.962.200.58-0.520.280.540.771.462.4115.3422.3031.2348.58-9.22-4.18-1.88-9.14-9.69
Asset turnover———————1.131.081.111.110.991.021.071.050.820.750.650.650.800.781.051.04

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 8 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26
Share capital3.83.83.83.83.83.83.83.8
Other equity / reserves232.3227.7226.8232.4446.1434.4394.2298.8
Total equity236.0231.5230.6236.2449.9438.2397.9302.6
Borrowings118.3131.8166.0140.137.553.134.534.4
Current liabilities183.4196.4263.9234.2173.9188.1117.095.0
Non-current liabilities55.956.582.091.762.462.551.728.0
Total assets507.5514.8604.8599.3718.9721.5569.0430.7
Property, plant & equipment157.4171.7182.5187.2183.1207.1141.2154.5
Capital work-in-progress3.04.413.72.14.04.44.46.5
Investments0.00.00.00.0128.696.1153.660.7
Inventories107.987.5110.296.8110.3117.270.861.1
Receivables108.8125.5115.4132.7130.689.569.558.4
Cash & equivalents4.15.14.00.97.46.91.15.8

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations35.036.043.5-55.840.4
Cash from investing-35.4-27.6-38.380.516.8
Cash from financing-19.7-9.4-9.4-18.8-58.2
Capex51.930.944.741.728.0
Free cash flow-16.95.1-1.2-97.412.3
Dividends paid9.46.23.80.03.8

Where the assets sit

Mar '26 · ₹ crore
Fixed assets (PPE)
₹154.5 cr36%
CWIP
₹6.5 cr2%
Investments
₹60.7 cr14%
Inventories
₹61.1 cr14%
Receivables
₹58.4 cr14%
Cash & equivalents
₹5.8 cr1%
Other assets
₹83.7 cr19%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Indo-National Limited241320.95—0.80-8.3%

StoxGud checklist: Bearish setup · 3/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.6%
6 months-27.9%
1 year-28.0%
3Y CAGR-20.8%
5Y CAGR-7.7%
10Y CAGR-5.1%
50-day avg₹316.10
200-day avg₹335.51
RSI (14)57

FAQs

What is the share price of Indo-National Limited?

Indo-National Limited (NIPPOBATRY) closed at ₹320.95 on NSE on 06 Nov 2026.

What is the market cap of Indo-National Limited?

₹241 crore at the latest close.

How fast is Indo-National Limited growing?

Indo-National Limited: revenue has compounded at -7.5% a year over three years. Latest-quarter revenue is down 2.8% year on year, profit up 109.8%.

How profitable is Indo-National Limited?

On a trailing-twelve-month basis return on equity is -8.3%, return on capital employed -8.3%, operating margin -4.6%, net margin -5.6%.

How much debt does Indo-National Limited have?

Indo-National Limited is lightly geared: debt to equity is 0.11 with borrowings of ₹34 cr against cash of ₹6 cr (balance sheet of 2026-03-31). Operating profit covers interest -9.7 times.

Financials parsed from Indo-National Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.