Indo National

Why is Indo National Ltd falling/rising?

As of 17-Jul, Indo National Ltd's stock price is Rs 334.50, showing a slight increase but significant underperformance over various periods, including a year-to-date decline of 18.81%. The company faces ongoing financial challenges, including negative EBITDA and consistent quarterly losses, indicating a weak long-term outlook.

As of 17-Jul, Indo National Ltd's stock price is currently at Rs 334.50, reflecting a change of 1.45 (0.44%) upward. Despite this slight increase, the stock has been underperforming significantly over various time periods. For instance, in the last week, the stock has decreased by 0.76%, and over the past month, it has fallen by 9.59%. Year-to-date, the decline is even more pronounced at 18.81%, and over the past year, the stock has dropped by 27.72%. <BR><BR>Today's performance indicates that while the stock has gained for the last two days, rising by 0.72%, it still underperformed its sector by 1.2%. The stock reached an intraday high of Rs 348.65, which represents a 4.68% increase, but it is trading lower than its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. <BR><BR>Additionally, there is a concerning trend in investor participation, as the delivery volume has decreased by 2.23% compared to the 5-day average. The company is facing significant financial challenges, including operating losses and a negative EBITDA of Rs -18.17 crore. The company has reported negative results for six consecutive quarters, with a profit after tax of Rs -20.91 crore, marking a drastic decline of 26237.5%. <BR><BR>Overall, despite a minor uptick in price, the underlying fundamentals and consistent underperformance against benchmarks suggest that the stock's long-term outlook remains weak, contributing to its overall decline.

Which are the latest news on Indo National?

How big is Indo National?

As of 10th June, Indo National Ltd has a market capitalization of 277.00 Cr and reported Net Sales of 452.47 Cr with a Net Profit loss of 26.35 Cr over the latest 4 quarters. Shareholder's Funds were 438.17 Cr and Total Assets were 721.48 Cr as of March 2025.

As of 10th June, Indo National Ltd has a market capitalization of 277.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, Indo National reported Net Sales of 452.47 Cr. However, the company experienced a loss of 26.35 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds amounted to 438.17 Cr and Total Assets were reported at 721.48 Cr.

Who are in the management team of Indo National?

The management team of Indo National includes P Dwarakanth Reddy (Managing Director), R P Khaitan and Aditya Reddy (Joint Managing Directors), J Srinivasan (Company Secretary), N Ramesh Rajan (Chairman), Lakshmmi Subramanian (Independent Director), and M Sankara Reddy (Non-Executive Director). These key individuals lead the company's governance and operations.

The management team of Indo National includes the following key individuals:<BR><BR>1. **P Dwarakanth Reddy** - Managing Director<BR>2. **R P Khaitan** - Joint Managing Director<BR>3. **Aditya Reddy** - Joint Managing Director<BR>4. **J Srinivasan** - Company Secretary & Compliance Officer<BR>5. **N Ramesh Rajan** - Chairman & Independent Director<BR>6. **Lakshmmi Subramanian** - Independent Director<BR>7. **M Sankara Reddy** - Non-Executive Director<BR><BR>These individuals play significant roles in the company's leadership and governance.

Who are the peers of the Indo National?

Indo National's peers include Radix Industries, Wardwizard Foods, Aveer Foods, Jay Shree Tea, Gujjubhai Indust, United Nilgiri, The Peria Karama, Hoac Foods, and Goldstar Power, with varying management risks and growth rates. Indo National has a 1-year return of -31.84%, better than Gujjubhai Indust's -58.49% but lower than Wardwizard Foods' 119.91%.

Peers: The peers of Indo National are Radix Industries, Wardwizard Foods, Aveer Foods, Jay Shree Tea, Gujjubhai Indust, United Nilgiri, The Peria Karama, Hoac Foods, and Goldstar Power.<BR><BR>Quality Snapshot: Excellent management risk is observed at Gujjubhai Indust and Hoac Foods, while Good management risk is found at Radix Industries and the rest. Average management risk is noted at Jay Shree Tea and United Nilgiri, while Below Average management risk is seen at Wardwizard Foods, Indo National, Aveer Foods, and Goldstar Power. Growth is Excellent at Gujjubhai Indust and Hoac Foods, Good at Wardwizard Foods and Aveer Foods, while Below Average growth is found at Indo National, Jay Shree Tea, The Peria Karama, and United Nilgiri. Capital Structure is Excellent at United Nilgiri, Good at Radix Industries and Aveer Foods, while Below Average capital structure is noted at Indo National, Jay Shree Tea, and The Peria Karama.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Wardwizard Foods at 119.91%, while Gujjubhai Indust has the lowest at -58.49%. Indo National's 1-year return is -31.84%, which is higher than Gujjubhai Indust but lower than Wardwizard Foods. Additionally, the six-month return is negative for Gujjubhai Indust, Wardwizard Foods, Jay Shree Tea, and Aveer Foods.

What does Indo National do?

Indo National Ltd manufactures and markets batteries, torches, LED products, mosquito bats, electrical accessories, and razors, operating in the FMCG sector. As of March 2026, it reported net sales of 107 Cr and a net loss of 21 Cr, with a market cap of INR 277 Cr.

Overview:<BR>Indo National Ltd is engaged in the manufacture and marketing of batteries, torches, LED products, mosquito bats, electrical accessories, and razors & blades, operating within the FMCG industry and classified as a micro-cap company.<BR><BR>History:<BR>Indo National Ltd was incorporated as a public limited company in 1972. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 107 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -21 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 277 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 28 <BR>Dividend Yield: 1.40% <BR>Debt-Equity: 0.09 <BR>Return on Equity: -8.71% <BR>Price to Book: 0.89<BR><BR>Contact Details:<BR>Address: Lakshmi Bhavan IVth Floor, No 609 Mount Road Chennai Tamil Nadu : 600006 <BR>Email: jsrinivasan@nippobatteries.com <BR>Website: http://www.nippo.in

Are Indo National Ltd latest results good or bad?

Indo National Ltd's latest Q4 FY26 results are concerning, showing a net loss of ₹20.91 crores and a significant decline in operating margins, indicating severe operational challenges and a negative financial outlook.

Indo National Ltd's latest results for Q4 FY26 are concerning and indicate a significant deterioration in financial health. The company reported a net loss of ₹20.91 crores, which represents a staggering decline of 26,237.50% year-on-year. This is a stark contrast to the previous year when the company had a marginal profit.<BR><BR>While revenue showed a slight increase of 10.31% year-on-year, reaching ₹107.12 crores, this growth is overshadowed by the company's operational struggles. The operating margin plummeted to -16.91%, marking the lowest on record, and the operating profit before depreciation, interest, tax, and other income (PBDIT) fell to ₹-18.11 crores.<BR><BR>Additionally, the return on equity (ROE) is negative at -2.41%, indicating poor capital efficiency. The company has faced persistent operating losses in four of the last seven quarters, highlighting ongoing structural challenges.<BR><BR>Overall, the results reflect a company in distress, grappling with severe operational inefficiencies and a lack of profitability, making the latest financial performance decidedly negative.

Should I buy, sell or hold Indo National Ltd?

When is the next results date for Indo National Ltd?

The next results date for Indo National Ltd is 04 February 2026.

The next results date for Indo National Ltd is scheduled for 04 February 2026.

How has been the historical performance of Indo National?

Indo National's historical performance shows declining net sales from INR 640.60 crore in March 2024 to INR 467.47 crore in March 2025, despite a significant increase in profit before tax to INR 151.29 crore in March 2025. The company experienced fluctuations in expenditures and profitability, with total assets rising to INR 721.48 crore in March 2025.

Answer:<BR>The historical performance of Indo National shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Indo National's net sales have seen a decline from INR 640.60 crore in March 2024 to INR 467.47 crore in March 2025, following a peak of INR 572.03 crore in March 2023. The total operating income mirrored this trend, decreasing to INR 467.47 crore in March 2025 from INR 640.60 crore in March 2024. The company's total expenditure also fell, from INR 599.90 crore in March 2024 to INR 489.73 crore in March 2025, contributing to an operating profit (PBDIT) of INR -22.26 crore in March 2025, a stark contrast to the INR 40.70 crore profit in March 2024. Despite these challenges, Indo National reported a profit before tax of INR 151.29 crore in March 2025, up from INR 19.42 crore in March 2024, leading to a profit after tax of INR 121.95 crore, compared to INR 14.64 crore the previous year. The company’s total assets increased to INR 721.48 crore in March 2025 from INR 599.31 crore in March 2024, while total liabilities also rose to INR 721.48 crore from INR 599.31 crore. Cash flow from operating activities improved to INR 43.00 crore in March 2024 from INR 35.00 crore in March 2023, although the net cash outflow was recorded at INR -4.00 crore in March 2024. Overall, Indo National's financial performance reflects a mix of declining sales and expenditures, alongside a notable recovery in profitability metrics.

Who are the top shareholders of the Indo National?

The top shareholder of Indo National is Dwaraknath Reddy, holding 44.1%, with no pledged promoter holdings. The highest public shareholder is Sharad Kanayalal Shah at 4.2%, while individual investors collectively own 29.24% of the shares.

The top shareholders of Indo National include the promoters, with Dwaraknath Reddy holding the largest share at 44.1%. There are no pledged promoter holdings, and the company has two foreign institutional investors (FIIs) holding a negligible percentage. The highest public shareholder is Sharad Kanayalal Shah, who owns 4.2%. Additionally, individual investors collectively hold 29.24% of the shares.

Is Indo National overvalued or undervalued?

As of January 31, 2025, Indo National's valuation has shifted from very attractive to risky, with a PE ratio of 3.03 indicating overvaluation compared to peers like Exide Industries and Amara Raja Energy, and its stock has underperformed the Sensex with a year-to-date return of -6.87%.

As of 31 January 2025, the valuation grade for Indo National has moved from very attractive to risky, indicating a significant shift in its perceived investment quality. The company is currently assessed as overvalued. Key ratios include a PE ratio of 3.03, an EV to EBITDA of -17.06, and a ROE of 28.25%. <BR><BR>In comparison to its peers, Indo National's valuation stands out unfavorably; for instance, Exide Industries has a PE ratio of 42.02, while Amara Raja Energy boasts a PE of 21.19, highlighting the stark contrast in valuation metrics. Furthermore, Indo National's recent stock performance has lagged behind the Sensex, with a year-to-date return of -6.87% compared to the Sensex's 5.64%, reinforcing the notion that the stock may not be a favorable investment at its current price of 506.35.

What is the technical trend for Indo National?

As of May 26, 2025, Indo National's technical trend is mildly bearish, influenced by daily moving averages and bearish monthly indicators, despite some mixed signals from weekly and monthly momentum indicators.

As of 26 May 2025, the technical trend for Indo National has changed from sideways to mildly bearish. The daily moving averages indicate a mildly bearish stance, while the weekly MACD and Bollinger Bands show a mildly bullish trend. However, the monthly indicators, including MACD and KST, are bearish, suggesting weakness in the longer term. The RSI on the weekly timeframe shows no signal, while it is bullish on the monthly, indicating mixed momentum. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the bearish monthly indicators.

Has Indo National declared dividend?

Indo National Ltd has declared a 100% dividend, amounting to ₹5 per share, with an ex-date of September 19, 2024. While recent returns have been volatile, the company shows strong long-term performance, particularly with a total return of 126.91% over the past 5 years.

Indo National Ltd has declared a 100% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Amount per share: 5<BR>- Ex-date: 19 Sep 24<BR><BR>Dividend Yield: 1.01%.<BR><BR>Total Returns by Period:<BR>Over the past 6 months, the price return was -9.15%, with a dividend return of 0%, resulting in a total return of -9.15%.<BR><BR>In the 1-year period, the price return was -11.25%, the dividend return was 0.88%, leading to a total return of -10.37%.<BR><BR>For the 2-year period, the price return was 32.2%, the dividend return was 2.50%, culminating in a total return of 34.7%.<BR><BR>During the 3-year period, the price return was 37.42%, with a dividend return of 4.94%, resulting in a total return of 42.36%.<BR><BR>In the 4-year period, the price return was 2.76%, the dividend return was 8.44%, which led to a total return of 11.2%.<BR><BR>Over the 5-year period, the price return was 110.77%, with a dividend return of 16.14%, resulting in a total return of 126.91%.<BR><BR>Overall, Indo National Ltd has declared a significant dividend, and while recent returns have shown some volatility, the long-term performance indicates a strong upward trend, particularly in the 5-year period.