India Nippon Electricals Ltd Stock Analysis

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

BSE Share Price 21-Mar-2023 14:01
344.80 6.80 (2.01%)

DeciZen - Make an Informed Decision on India Nipon Electric

Overall Rating

1. Quality

2. Valuation


3. Price Trend

India Nipon Electric Price Chart

P/E Ratio ( SA) :
Market Cap :
764.6 Cr.
52-wk low :
52-wk high :
Bole Toh?

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of India Nippon Electricals Ltd is likely to Fall 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

ROCE % 14.2%9.2%10.1%11.2%9.4%14.1%14.3%10.8%7.9%7.5%-
Value Creation Index 0.0-0.4-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 269263328336351452525479481566648
YoY Gr. Rt. %--2.4%24.8%2.5%4.5%28.9%16.1%-8.8%0.5%17.7%-
YoY Gr. Rt. %--31.7%14.9%23.8%-5.5%72.3%19.4%-17.7%-22.8%3.3%-
BVPS (₹) 9093.598117.6127.3152.5177.4185.3199218.2241.2
Adj Net Profit 28.219.322.227.425.944.753.343.933.93560
Cash Flow from Ops. 24.617.629.933.23426.43549.338.78.4-
Debt/CF from Ops. 0000000000-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.6%10%2.5%17.7%
Adj EPS 2.4%6.2%-13.1%3.3%
BVPS 10.311.47.29.7
Share Price 15.2% -6.8% 17.5% -24.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity %
Op. Profit Mgn % 12.59.310.610.710.814.314.811.99.898.3
Net Profit Mgn %
Debt to Equity 0000000000-
Working Cap Days 115137122103981141151482192380
Cash Conv. Cycle 314141381917273435370

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.60%

Sales growth is good in last 4 quarters at 15.87%

Sales growth has been subdued in last 3 years 2.54%

Net Profit has been subdued in last 3 years -13.11%

Latest Financials - India Nippon Electricals Ltd.

Standalone Consolidated
TTM EPS (₹) 26.7 23.5
TTM Sales (₹ Cr.) 648 648
BVPS (₹.) 241.2 237.7
Reserves (₹ Cr.) 534 526
P/BV 1.40 1.42
PE 12.66 14.39
From the Market
52 Week Low / High (₹) 318.00 / 506.20
All Time Low / High (₹) 24.16 / 712.40
Market Cap (₹ Cr.) 765
Equity (₹ Cr.) 11.3
Face Value (₹) 5
Industry PE 31.3

Management X-Ray of India Nipon Electric :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of India Nipon Electric

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


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 21-Mar-2023 14:01 is : 344.8.
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 21-Mar-2023 14:01 the market cap of India Nipon Electric stood at ₹ 764.6.
The latest PE ratio of India Nipon Electric as of 21-Mar-2023 14:01 is 12.66.
The latest PB ratio of India Nipon Electric as of 21-Mar-2023 14:01 is 1.40
The 52-week high of India Nipon Electric is ₹ 506.2 and the 52-week low is ₹ 318.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of India Nipon Electric is ₹ 647.5 ( 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.


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  


• 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

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