India Nippon Electricals share price & results
- Jun 2026
- Sept 2026
Tier-1 maker of ignition systems, sensors, controllers and EV parts for two- and three-wheelers.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 304 | +35.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 27.0 | +17.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 12.96 | −0.4 pts | Trailing twelve months | TTM to Mar 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.31 | −1.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 26.36 | +9.7 pts | Trailing twelve months | TTM to Mar 2026 | Revenue change against the same period one year earlier. |
Price
Performance +12.5% 1Y
1Y: ₹1,021.6 on 24 Oct 2025 → ₹1,148.8. High ₹1,369 (10 Sept 2026), low ₹679.15 (30 Mar 2026).
- Previous close
- ₹1,097.1
- Market cap
- ₹2.5k Cr
- 52-week range
- ₹679.15 – ₹1,369
- One year
- +15.17%
- Price to earnings (TTM to Mar 2026)
- 24.99×
- Return on equity (TTM to Mar 2026)
- 12.96%
Overview
- Symbol
- NSE:INDNIPPON
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What India Nippon Electricals Limited does
Based on the company's own presentations, annual report and earnings calls.
India Nippon Electricals manufactures electronic ignition systems and related electrical/electronic components for two-wheelers, three-wheelers and general-purpose (small) engines, supplying as a Tier-1 vendor to major two-wheeler OEMs in India and abroad. It also makes ignition controllers, sensors and, more recently, EV components such as traction motors, motor controllers, DC-DC converters and instrument clusters. Beyond OEM supply, the company runs a dedicated aftermarket business selling ignition parts through a distribution network, and earns export revenue from customers across North America, Europe and Asia.
Segments
- Two-wheeler ignition systems
- General-purpose engine parts
- Three-wheeler ignition systems
- Manufacturing plants
- 3 (Hosur - Tamil Nadu, Puducherry, Rewari - Haryana)
- Dedicated R&D / technology centres
- 1 state-of-the-art research center (Tamil Nadu), including a separate EV technology centre
- Employees
- 1,605+
- Years of operating experience
- 40+ years (incorporated 1984)
- OEM supplier tier
- Tier-1 supplier to major auto OEMs
- Market position
- No. 1 market position in the Fly Wheel Magneto segment
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +17% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 210 | 215 | 234 | 225 | 273 | 272 | 299 | 304 |
| Expenses | 186 | 189 | 206 | 202 | 243 | 242 | 263 | 272 |
| Operating profit | 24 | 26 | 28 | 23 | 30 | 29 | 37 | 32 |
| Operating margin | 11.0% | 12.0% | 12.0% | 10.0% | 11.0% | 11.0% | 12.0% | 11.0% |
| Other income | 9 | 2 | 8 | 12 | 7 | 9 | 18 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 6 | 6 | 4 | 4 | 4 | 5 | 5 |
| Profit before tax | 28 | 21 | 30 | 31 | 32 | 33 | 50 | 35 |
| Tax rate | 26.0% | 25.0% | 10.0% | 24.0% | 28.0% | 25.0% | 20.0% | 22.0% |
| Net profit | 21 | 16 | 27 | 23 | 23 | 25 | 40 | 27 |
| EPS (₹ per share) | 9.34 | 7.02 | 11.89 | 10.30 | 10.26 | 11.02 | 17.61 | 11.95 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 656 | 725 | 846 | 1,069 |
| Expenses | 600 | 658 | 751 | 950 |
| Operating profit | 56 | 67 | 95 | 119 |
| Other income | 19 | 25 | 30 | 46 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 16 | 16 | 20 | 17 |
| Profit before tax | 61 | 76 | 102 | 146 |
| Net profit | 49 | 58 | 82 | 111 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 482 | 549 | 612 | 700 | 773 | 810 |
| Borrowings | 4 | 4 | 3 | 2 | 2 | 2 |
| Other liabilities | 132 | 154 | 211 | 226 | 240 | 244 |
| Total liabilities | 630 | 718 | 837 | 939 | 1,026 | 1,067 |
| Fixed assets | 130 | 134 | 143 | 154 | 154 | 173 |
| Capital work in progress | 5 | 13 | 13 | 4 | 12 | 7 |
| Investments | 290 | 359 | 436 | 477 | 517 | 532 |
| Other assets | 204 | 211 | 245 | 304 | 343 | 355 |
| Total assets | 630 | 718 | 837 | 939 | 1,026 | 1,067 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 39 | 8 | 57 | 63 | 49 | 40 |
| Cash from investing | -34 | 10 | -33 | -39 | -12 | -14 |
| Cash from financing | -15 | -15 | -22 | -25 | -30 | -36 |
| Net cash flow | -10 | 3 | 2 | -1 | 7 | -10 |
| Free cash flow | 2 | -13 | 32 | 39 | 26 | 14 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 83 | 76 | 66 | 71 | 73 | 71 |
| Inventory days | 49 | 46 | 45 | 51 | 46 | 45 |
| Days payable | 103 | 83 | 77 | 95 | 89 | 72 |
| Cash conversion cycle | 29 | 39 | 35 | 27 | 30 | 43 |
| Working capital days | 35 | 49 | 38 | 29 | 37 | 46 |
| Return on capital employed | 12.0% | 9.0% | 12.0% | 13.0% | 15.0% | 17.0% |
| Dividend payout | 33.0% | 35.0% | 36.0% | 39.0% | 34.0% | 32.0% |
What the price assumes
AttractiveTo justify its price of ₹1149, this stock must grow earnings at 18% every year for 7 years. Our analysis caps realistic growth at ~32%. At that growth it is worth ₹2381 — upside of 107%.
- Growth the price implies
- 17.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 31.3% a year
- net profit, FY23–FY26 · EPS 32.2%
- The gap
- -0.1 pp
- 107% downside if it only repeats history
Ownership
Who owns it
Promoters hold 70.37% as of Sept 2026; institutions added 0.38 pts since Jun 2026.
- Promoters 70.37%
- Foreign institutions 0.51%
- Domestic institutions 0.42%
- Public 28.70%
Who is on the register
Named in the Sep 2026 filing
Every holder of India Nippon Electricals Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 70.32% | unchanged | |
| 0.02% | unchanged | |
| 0.02% | unchanged | |
| 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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