India Nippon Electricals Ltd Stock Analysis

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

BSE Share Price Jul 05, 18:01
386.85 -10.95 (-2.75%)

DeciZen - Make an Informed Decision on India Nipon Electric

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

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 good 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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 16.6%14.2%9.2%10.1%11.2%9.4%14.1%14.3%10.8%7.7%-
Value Creation Index 0.20.0-0.4-0.3-0.2-0.30.00.0-0.2-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 261269263328336351452525479481566
YoY Gr. Rt. %-3.2%-2.4%24.8%2.5%4.5%28.9%16.1%-8.8%0.5%-
Adj EPS 13.312.58.59.812.111.519.723.619.414.717.8
YoY Gr. Rt. %--5.9%-31.7%14.9%23.8%-5.5%72.3%19.4%-17.7%-24.2%-
BVPS (₹) 82.79093.598117.6127.3152.5177.4185.3199218.2
Adj Net Profit 3028.219.322.227.425.944.753.343.933.340
Cash Flow from Ops. 17.824.617.629.933.23426.43549.338.7-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.1%7.5%2.1%0.5%
Adj EPS 1.2%3.9%-9.4%-24.2%
BVPS 10.211.19.37.4
Share Price 16.4% 4% -1.8% 1.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 16.514.29.110.111.29.414.114.310.77.78.5
Op. Profit Mgn % 1412.59.310.610.710.814.314.811.99.69
Net Profit Mgn % 11.510.57.46.88.27.49.910.29.26.97.1
Debt to Equity 00000000000
Working Cap Days 11211513712210398114115148187199
Cash Conv. Cycle 24314141381917273435134

Recent Performance Summary

Sales growth is good in last 4 quarters at 56.61%

Return on Equity has declined versus last 3 years average to 8.50%

Sales growth has been subdued in last 3 years 2.08%

Net Profit has been subdued in last 3 years -9.36%

Latest Financials - India Nippon Electricals Ltd.

Standalone Consolidated
TTM EPS (₹) 17.8 22.2
TTM Sales (₹ Cr.) 566 566
BVPS (₹.) 218.2 223.3
Reserves (₹ Cr.) 482 494
P/BV 1.82 1.79
PE 22.35 17.97
From the Market
52 Week Low / High (₹) 318.00 / 642.00
All Time Low / High (₹) 24.16 / 712.40
Market Cap (₹ Cr.) 900
Equity (₹ Cr.) 11.3
Face Value (₹) 5
Industry PE 33.9

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

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Analyst's Notes

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News

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

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