India Nippon Electricals Limited (INDNIPPON) AI Stock Analysis

• Market Cap: ₹18.32B
• Dividend Yield: 1.55%
• Average Volume (3M): 2.78K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 1.10
• Revenue Growth: 17.61%
• EPS Growth: 28.10%
• Country: IN
• Employees: 590
• Sector: Industrials
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 10.26
• Shares Outstanding: 22,621,424
• 10 Day Avg. Volume: 1,656
• 30 Day Avg. Volume: 2,782
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹837.00
• Price Target Upside: 4.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹837.00 ▲(4.50% Upside)

India Nippon Electricals Limited's stock benefits from strong financial health and positive technical momentum. The company's solid balance sheet and profitability support its stability. However, overbought technical indicators suggest caution, and moderate valuation metrics indicate potential limitations in growth or income returns.

India Nippon Electricals Limited Business Overview & Revenue Model

Company Description

India Nippon Electricals Limited (INDNIPPON) is a leading manufacturer and supplier of electronic ignition systems for two-wheelers, three-wheelers, and portable engines in India. The company operates within the automotive sector, providing key components such as ignition coils, magnetos, and control units that are integral to the functioning of internal combustion engines. With a focus on innovation and quality, INDNIPPON serves a wide range of clients, including major automotive manufacturers.

How the Company Makes Money

India Nippon Electricals Limited generates revenue primarily through the sale of its electronic ignition systems and components to original equipment manufacturers (OEMs) in the automotive industry. Its key revenue streams include the production and distribution of ignition coils, magnetos, and other engine control units. The company maintains significant partnerships with major automotive brands, which contribute to a steady demand for its products. Additionally, INDNIPPON may engage in research and development initiatives to create advanced ignition solutions, further enhancing its market position and revenue potential.

India Nippon Electricals Limited Financial Statement Overview

Summary

India Nippon Electricals Limited exhibits strong financial health with steady revenue growth and profitability. The balance sheet is solid with low leverage and a high equity ratio, underscoring financial stability. However, the decrease in free cash flow highlights a potential risk in cash management, which could impact liquidity if not addressed.

Income Statement

India Nippon Electricals Limited demonstrated a solid revenue growth with a notable increase in Total Revenue from 2024 to 2025, alongside a strong Gross Profit Margin of 13.8% in 2025. The Net Profit Margin improved significantly to 9.7% in 2025, indicating enhanced profitability. However, the decline in Gross Profit from 2024 to 2025 suggests cost pressures that could affect future margins.

Balance Sheet

The company maintains a strong Balance Sheet with a low Debt-to-Equity Ratio of 0.003, indicating minimal leverage. The Equity Ratio is robust at 75.7%, reflecting financial stability and a strong asset base. However, a small increase in Total Liabilities from 2024 to 2025 warrants monitoring.

Cash Flow

Free Cash Flow decreased from 2024 to 2025, implying potential challenges in cash generation. The Operating Cash Flow to Net Income Ratio of 0.69 in 2025 suggests moderate cash conversion efficiency. The reduction in free cash flow growth could constrain future investments.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	8.45B	7.24B	5.57B	6.56B	4.78B
Gross Profit	1.17B	2.15B	1.53B	2.02B	1.45B
EBITDA	1.24B	912.60M	748.80M	754.60M	615.15M
Net Income	822.80M	593.00M	502.50M	482.30M	396.33M
Balance Sheet
Total Assets	9.39B	8.37B	6.41B	7.18B	5.93B
Cash, Cash Equivalents and Short-Term Investments	1.68B	1.99B	1.69B	1.76B	1.51B
Total Debt	21.10M	29.40M	39.17M	36.50M	45.82M
Total Liabilities	2.28B	2.14B	1.37B	1.57B	1.42B
Stockholders Equity	7.11B	6.23B	5.04B	5.60B	4.51B
Cash Flow
Free Cash Flow	331.70M	387.00M	-206.76M	316.50M	11.12M
Operating Cash Flow	564.20M	626.90M	70.52M	568.60M	382.47M
Investing Cash Flow	-194.00M	-386.00M	280.77M	-456.70M	-335.36M
Financing Cash Flow	-293.60M	-246.00M	-152.72M	-219.10M	-146.79M

India Nippon Electricals Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 800.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

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 800.95 is above the 20-day moving average (MA) of 787.93, above the 50-day MA of 758.51, and above the 200-day MA of 670.89, indicating a bullish trend. The MACD of 12.44 indicates Positive momentum. The RSI at 57.88 is Neutral, neither overbought nor oversold. The STOCH value of 81.55 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STERTOOLS	73 Outperform	₹11.11B	22.67		0.66%	-5.67%	-19.59%
INDNIPPON	68 Neutral	₹18.32B	22.26		1.55%	17.61%	28.10%
ROTO	65 Neutral	₹16.66B	49.49		0.31%	8.54%	-14.66%
HITECHGEAR	63 Neutral	₹12.50B	38.87		0.74%	-16.26%	-64.68%
Sector *	62 Neutral	C$7.21B	-5.53	-4.20%	2.31%	13.66%	-29.71%
SALZERELEC	61 Neutral	₹15.53B	24.87		0.28%	21.61%	40.53%

India Nippon Electricals Limited Corporate Events

India Nippon Electricals Secures SEBI Compliance Certification

India Nippon Electricals Limited has announced the receipt of a compliance certificate from Cameo Corporate Services Limited, confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending March 31, 2025. This certification ensures that securities received for dematerialization were processed correctly and listed on stock exchanges, reflecting the company’s commitment to regulatory compliance and operational transparency.