India Nippon Electricals Limited (IN:INDNIPPON)
:INDNIPPON
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India Nippon Electricals Limited
(INDNIPPON)
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Rating:73Outperform
Price Target:
₹1,026.00
▲(20.75% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by strong fundamentals and solvency (steady growth and minimal leverage), partly offset by inconsistent cash generation and sharply weaker free cash flow in 2026. Technicals add support via a clear uptrend, while valuation is reasonable but not compelling at the current P/E and dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and a rising equity base give the company durable financial flexibility. Minimal debt reduces refinancing and interest risk, supports steady supplier/customer terms and capacity to invest in tooling or platform wins during downturns without stressing solvency.
Negative Factors
Volatile and weakening free cash flow
A sharp decline in free cash flow undermines the company’s ability to convert accounting profits into spendable cash. Over the medium term this reduces capacity for capex, dividends or bolt-on investments and raises reliance on cash reserves despite low debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a rising equity base give the company durable financial flexibility. Minimal debt reduces refinancing and interest risk, supports steady supplier/customer terms and capacity to invest in tooling or platform wins during downturns without stressing solvency.
Read all positive factors
India Nippon Electricals Limited (INDNIPPON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.74B
Dividend Yield1.57%
Average Volume (3M)1.56K
Price to Earnings (P/E)18.6
Beta (1Y)1.22
Revenue Growth26.47%
EPS Growth35.12%
CountryIN
Employees590
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)39.52
Shares Outstanding22,621,424
10 Day Avg. Volume2,063
30 Day Avg. Volume1,564
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.46B | 10.68B | 8.45B | 7.24B | 6.56B | 5.66B |
| Gross Profit | 2.12B | 1.50B | 1.17B | 2.15B | 2.02B | 1.53B |
| EBITDA | 1.35B | 1.19B | 1.24B | 912.60M | 754.60M | 748.80M |
| Net Income | 893.90M | 1.11B | 822.80M | 593.00M | 482.30M | 502.50M |
Balance Sheet | ||||||
| Total Assets | 10.26B | 10.67B | 9.39B | 8.37B | 7.18B | 6.41B |
| Cash, Cash Equivalents and Short-Term Investments | 1.53B | 1.60B | 1.68B | 1.99B | 1.74B | 1.69B |
| Total Debt | 16.60M | 19.00M | 21.10M | 29.40M | 36.50M | 39.17M |
| Total Liabilities | 2.41B | 2.46B | 2.28B | 2.14B | 1.57B | 1.37B |
| Stockholders Equity | 7.85B | 8.21B | 7.11B | 6.23B | 5.60B | 5.04B |
Cash Flow | ||||||
| Free Cash Flow | -176.40M | 61.40M | 331.70M | 387.00M | 316.50M | -206.76M |
| Operating Cash Flow | 9.40M | 482.90M | 564.20M | 626.90M | 568.60M | 70.52M |
| Investing Cash Flow | -125.00M | -266.00M | -194.00M | -386.00M | -456.70M | 280.77M |
| Financing Cash Flow | -6.10M | -361.90M | -293.60M | -246.00M | -219.10M | -152.72M |
India Nippon Electricals Limited Technical Analysis
Positive
849.70
Price Trends
824.00
Positive
794.49
Positive
835.70
Positive
Market Momentum
28.58
Negative
62.46
Neutral
69.99
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 849.7 is below the 20-day moving average (MA) of 883.24, above the 50-day MA of 824.00, and above the 200-day MA of 835.70, indicating a bullish trend. The MACD of 28.58 indicates Negative momentum. The RSI at 62.46 is Neutral, neither overbought nor oversold. The STOCH value of 69.99 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹20.74B | 18.55 | ― | 1.57% | 26.47% | 35.12% | |
70 Outperform | ₹1.19T | 42.58 | ― | 1.42% | 10.77% | 37.61% | |
70 Outperform | ₹156.08B | 42.56 | ― | 0.23% | 22.33% | 42.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ₹93.72B | 41.61 | ― | 0.16% | 9.03% | 267.59% | |
60 Neutral | ₹252.14B | 40.41 | ― | 1.24% | 23.15% | -17.54% | |
58 Neutral | ₹112.19B | 40.87 | ― | 0.35% | 33.92% | 56.87% |
* Industrials Sector Average
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India Nippon Electricals Limited Corporate Events
India Nippon Electricals Files Investor Presentation With Exchanges
Mar 17, 2026
India Nippon Electricals Limited has submitted an investor presentation to the stock exchanges in compliance with Regulation 30 of the SEBI Listing Regulations and plans to share it with investors and analysts. The presentation, also hosted on the...
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.