INDNIPPON

India Nippon Electricals share price & financials

Price
₹914.3
Market cap
₹3.1k Cr
Sector
Automobile and Auto Components

What India Nippon Electricals Limited does

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
Founded 1984Employees 1,605 (FY26 (year ended March 3) Company website

Quarterly results

Q4 FY26: revenue up 27.8%, net profit up 48.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue187 210 215 234 225 +20%273 +30%272 +27%299 +28%
EBITDA17 24 26 28 23 +35%30 +25%29 +12%37 +32%
Net profit18 21 16 27 23 +28%23 +10%25 +56%40 +48%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +49.8% 1Y

₹0.8k₹1.0k₹1.2k₹1.4kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹907.35 on 10 Sept 2025 → ₹1,358.9. High ₹1,369 (10 Sept 2026), low ₹679.15 (30 Mar 2026).

Financials, as filed

Revenue grew 17.7% a year over 3 years, FY23 to FY26. Operating margin widened to 11.1%.

Year endingFY23FY24FY25FY26
Revenue₹656 Cr₹725 Cr₹846 Cr₹1.1k Cr
Operating profit₹56 Cr₹67 Cr₹95 Cr₹119 Cr
Operating margin8.5%9.2%11.2%11.1%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹16 Cr₹16 Cr₹20 Cr₹17 Cr
Net profit₹49 Cr₹59 Cr₹82 Cr₹111 Cr
Net margin7.5%8.1%9.7%10.4%
Cash from operations₹57 Cr₹63 Cr₹50 Cr₹40 Cr
Free cash flow₹32 Cr₹39 Cr₹26 Cr₹14 Cr
ROCE11.0%13.0%15.0%17.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹440 Cr₹494 Cr₹549 Cr₹612 Cr₹773 Cr₹810 Cr
Borrowings₹5 Cr₹4 Cr₹4 Cr₹3 Cr₹2 Cr₹2 Cr
Other liabilities₹137 Cr₹132 Cr₹154 Cr₹211 Cr₹240 Cr₹244 Cr
Total liabilities₹593 Cr₹641 Cr₹718 Cr₹837 Cr₹1.0k Cr₹1.1k Cr
Fixed assets₹91 Cr₹130 Cr₹134 Cr₹143 Cr₹154 Cr₹173 Cr
Capital work in progress₹34 Cr₹5 Cr₹13 Cr₹13 Cr₹12 Cr₹7 Cr
Investments₹261 Cr₹278 Cr₹355 Cr₹432 Cr₹517 Cr₹532 Cr
Other assets₹207 Cr₹228 Cr₹215 Cr₹249 Cr₹343 Cr₹355 Cr
Total assets₹593 Cr₹641 Cr₹718 Cr₹837 Cr₹1.0k Cr₹1.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.25 pp while DIIs added +0.22 pp. The shareholder count grew 10% to 24,035.

Promoters
70.4%
FIIs
0.3%
DIIs
0.2%
Public
29.1%

Since Jun 2025

  • Public −0.25 pp
  • DIIs +0.22 pp
  • FIIs +0.05 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 70.4%, FIIs 0.1%, Public 29.5%.Dec '23: Promoters 70.4%, FIIs 0.1%, Public 29.5%.Mar '24: Promoters 70.4%, FIIs 0.1%, Public 29.5%.Jun '24: Promoters 70.4%, FIIs 0.1%, Public 29.5%.Sep '24: Promoters 70.4%, FIIs 0.2%, Public 29.4%.Dec '24: Promoters 70.4%, FIIs 0.2%, Public 29.4%.Mar '25: Promoters 70.4%, FIIs 0.2%, Public 29.4%.Jun '25: Promoters 70.4%, FIIs 0.3%, Public 29.4%.Sep '25: Promoters 70.4%, FIIs 0.4%, Public 29.3%.Dec '25: Promoters 70.4%, FIIs 0.4%, DIIs 0.1%, Public 29.1%.Mar '26: Promoters 70.4%, FIIs 0.4%, DIIs 0.1%, Public 29.1%.Jun '26: Promoters 70.4%, FIIs 0.3%, DIIs 0.2%, Public 29.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of India Nippon Electricals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Lucas Indian Service Limited 70.32%unchanged
Sowmyan Ramakrishnan 0.02%unchanged
Sheela Balaji 0.02%unchanged
T K Balaji 0.01%unchanged
Vatsala Raghu 0.00%unchanged
V A Raghu 0.00%unchanged
Mala Ramakrishnan 0.00%unchanged
Vijaya Mohanram 0.00%unchanged
Lucas TVS Limited 0.00%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.

What the price assumes

Attractive

To justify its price of ₹1359, this stock must grow earnings at 22% every year for 7 years. Our analysis caps realistic growth at ~32%. At that growth it is worth ₹2226 — upside of 64%.

Growth the price implies
22.2% a year
for 7 years, fading to 4%
It has actually compounded at
31.3% a year
net profit, FY23–FY26 · EPS 32.1%
The gap
-0.1 pp
64% downside if it only repeats history
Price today ₹1,358.9 Value at the reference growth ₹2,225.59

Change the assumptions yourself →

Learn to analyse India Nippon Electricals Limited

Guides on how to read this kind of business and the numbers that matter.