India Nippon Electricals Ltd - Stock Valuation and Financial Performance

BSE: 532240 | NSE: INDNIPPON | Auto Ancillary | Small Cap

India Nipon Electric Share Price

690.50 60.85 9.66%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on India Nipon Electric

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

India Nippon Electricals stock performance -

mw4me loader
P/E Ratio (SA):
34.01
Market Cap:
1,535.1 Cr.
52-wk low:
325.8
52-wk high:
811

Is India Nippon Electricals Ltd an attractive stock to invest in?

1. Is India Nippon Electricals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that India Nippon Electricals Ltd is a average quality company.

2. Is India Nippon Electricals Ltd undervalued or overvalued?

The key valuation ratios of India Nippon Electricals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is India Nippon Electricals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of India Nippon Electricals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of India Nipon Electric:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
India Nippon Electricals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.2%10.1%11.2%9.4%14.1%14.3%10.8%7.9%7.5%9.2%-
Value Creation
Index
-0.4-0.3-0.2-0.30.00.0-0.2-0.4-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 263328336351452525479481566656686
Sales YoY Gr.-24.8%2.5%4.5%28.9%16.1%-8.8%0.5%17.7%15.9%-
Adj EPS 8.59.812.111.519.723.619.41515.521.320
YoY Gr.-14.9%23.8%-5.5%72.3%19.4%-17.7%-22.8%3.2%37.9%-
BVPS (₹) 93.598117.6127.3152.5177.4185.3199218.2247.7264.8
Adj Net
Profit
19.322.227.425.944.753.343.933.93548.245
Cash Flow from Ops. 17.629.933.23426.43549.338.78.456.9-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.7%7.7%11.1%15.9%
Adj EPS 10.7%1.5%3.2%37.9%
BVPS11.4%10.2%10.2%13.5%
Share Price 22.3% 10.4% 23.7% 110.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.110.111.29.414.114.310.77.87.49.27.8
Op. Profit
Mgn %
9.310.610.710.814.314.811.99.898.28.7
Net Profit
Mgn %
7.46.88.27.49.910.29.276.27.36.6
Debt to
Equity
0000000000-
Working Cap
Days
13712210398114115148219173105100
Cash Conv.
Cycle
4141381917273435373865

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.08%

Return on Equity has declined versus last 3 years average to 7.80%

Net Profit has been subdued in last 3 years 3.18%

Sales growth is not so good in last 4 quarters at 6.20%

Latest Financials - India Nippon Electricals Ltd.

Standalone Consolidated
TTM EPS (₹) 20 23.5
TTM Sales (₹ Cr.) 686 686
BVPS (₹.) 264.8 264.8
Reserves (₹ Cr.) 588 588
P/BV 2.56 2.56
PE 34.01 28.91
From the Market
52 Week Low / High (₹) 325.75 / 810.95
All Time Low / High (₹) 24.16 / 810.95
Market Cap (₹ Cr.) 1,535
Equity (₹ Cr.) 11.3
Face Value (₹) 5
Industry PE 46.3

Management X-Ray of India Nipon Electric:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of India Nipon Electric

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales263328336351452525479481566656
Operating Expenses 238294300313388448422435515603
Manufacturing Costs14171517212323222629
Material Costs184227233234297342315325395454
Employee Cost 30353943525760666880
Other Costs 11151319182624222640
Operating Profit 25343638657757465153
Operating Profit Margin (%) 9.3%10.4%10.6%10.8%14.3%14.7%11.9%9.6%9.0%8.1%
Other Income 761014121425161440
Interest 0000001100
Depreciation 6844689101315
Exceptional Items 000000000-8
Profit Before Tax 26324147718472525270
Tax 691115212417111112
Profit After Tax 20233132506055414058
PAT Margin (%) 7.5%6.9%9.1%9.2%11.1%11.3%11.5%8.5%7.1%8.8%
Adjusted EPS (₹)8.710.013.514.322.226.324.418.017.825.6
Dividend Payout Ratio (%)52%45%33%35%29%27%28%33%35%36%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 215226266288345401419450494560
Share Capital 11111111111111111111
Reserves 204214255277334390408439482549
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables32303962767576929096
Others Liabilities 4654224266341182274662
Total Liabilities 293309326392488510613769630718

Fixed Assets

Gross Block10010748607382107126183202
Accumulated Depreciation616648142231415367
Net Fixed Assets3942445259617686130134
CWIP 1123771334513
Investments 119142176214241274274273290359
Inventories17182522313539445056
Trade Receivables596361669310488109118119
Cash Equivalents 1141037721251319
Others Assets474083150231031992317
Total Assets 293309326392488510613769630718

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1830333426354939857
PBT 26324147718472525270
Adjustment -12-5-9-6-5-15-30-13
Changes in Working Capital -0467-20-2091-3411
Tax Paid -7-8-9-11-18-24-17-11-9-11
Cash Flow From Investing Activity -18-18-14-29-17-15-5-3410-33
Capex -6-10-6-13-18-15-19-37-21-25
Net Investments -19-21-14-25-1-717-127-29
Others 7146917-34422
Cash Flow From Financing Activity -12-11-17-7-8-18-38-15-15-22
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-1-100
Dividend Paid -10-10-15-7-8-18-29-14-14-21
Others -2-2-2000-8-1-1-1
Net Cash Flow -1312-1127-1032
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.4710.4612.5411.715.8315.9513.469.368.5310.98
ROCE (%)12.6314.781717.0222.422.5117.7112.0211.0313.37
Asset Turnover Ratio1.041.221.21.111.071.060.860.70.820.99
PAT to CFO Conversion(x)0.91.31.061.060.520.580.890.950.20.98
Working Capital Days
Receivable Days68615958626873757365
Inventory Days20172122212328313029
Payable Days61495479858188948475

India Nippon Electricals Ltd Stock News

India Nippon Electricals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of India Nipon Electric on 28-Mar-2024 16:01 is ₹690.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of India Nipon Electric stood at ₹1,535.1.
The latest P/E ratio of India Nipon Electric as of 28-Mar-2024 16:01 is 34.01.
The latest P/B ratio of India Nipon Electric as of 28-Mar-2024 16:01 is 2.56.
The 52-week high of India Nipon Electric is ₹811.0 and the 52-week low is ₹325.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of India Nipon Electric is ₹686.4 ( Cr.) .

About India Nippon Electricals Ltd

INEL was incorporated in 1984 and converted into a joint venture in 1986 between Lucas Indian Service, a wholly-owned subsidiary of Lucas-TVS and Kokusan Denki Co, Japan - a group company of Hitachi Japan, to manufacture Electronic Ignition Systems for two-wheelers, three wheelers and portable engines. Over the years the company has enlarged its customer base and now supplies to most of the manufacturers of two-wheelers, three wheelers and gensets. INEL makes the entire range of 2/3 wheelers, digital and analog ignition products. Commencing its operation in Hosur (Tamil Nadu), over the years INEL has set up two more units with excellent facilities, one at Pondicherry and the other at Rewari (Haryana) to be nearer to customers and offer service such as just-in-time supplies and to improve response time for introduction of new products.

Milestones:

1985 Formation of the company  1986 Established manufacturing unit in Hosur, Tamil Nadu. Commencement of production and supply to TVS Motor Company for Motor Cycles.  1987 Commencement of supply to Bajaj Auto for Motor Cycles  1988 Supply to Hero Motors - Moped  1989 Introduction of Electronic Ignition Systems for TVS Champ  1990 Supply to Birla Yamaha - Genset  1991 Commencement of supply to Hero Honda Motor Cycle  1992 Supply to Honda SIEL Power Products for Genset  1993 Introduction of Integral Unit (IU) for Mopeds to TVS Motor Company. Commencement of supply to Yamaha Motor India for Motor Cycles. Crossed supply of one million Flywheel Magnetos since commencement of production  1994 Export of Ignition coils to Kokusan Denki Co, Japan Recognition by Department of Science & Technology, Government of India  1995 Commencement of supply to Kinetic Motor Co. for Scooters  1997 Commencement of supply to Royal Enfield Motors Decennial Celebrations of INEL  1998 Second Manufacturing Unit established at Pondicherry Commencement of supply of multi-pole Flywheel Magnetos and Regulator for 3W Diesel to Bajaj Auto Certified by BVQI for ISO - 9001 Quality System for Hosur Unit 1999 Commencement of supply to Piaggio Greaves. Commencement of supply to LML-Moped 2001 Introduction / Commencement of supply of Digital CDI ignition system for TVS Motor Company. Commencement of supply to Honda Motorcycle & Scooter India. Third Manufacturing Unit established at Rewari, Haryana Certified by BVQI for QS-9001 Quality system for Hosur Unit  2002 Certified by BVQI for ISO- 14001 EMS System for Hosur Unit. Crossed cumulative supply of 10 million Flywheel Magnetos  2004 A state-of-the-art electronic facility set up in Pondicherry unit. Certified by BVQI ISO 14001 for Rewari Unit. Commencement of supply to Lombardini, Italy  

Products:

• FlyWheel Magneto/Generator • Capacitor Discharge Ignition Unit • Ignition Coil • Integral Unit • Regulator/Rectifier Units

Clients:   • TVS Motor Company • Hero Honda Motors • Honda Motorcycle & Scooter • Bajaj Auto • Yamaha Motors • Royal Enfield • LML  • Hero Motors • Majestic Auto  • Kinetic Motor Company• Greaves Cotton • Lombardini India • Piaggio India • Honda SIEL Power Products • Birla Power Solutions  • Kokusan Denki Co.

Awards and achievement:

• Certificates of recognition from BVQI for ISO 9001 in the year 1998• QS 9000 in the year 2001 and • ISO 14001 in the year 2002

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.