Indo-National Ltd Stock Analysis

BSE: 504058 | NSE: NIPPOBATRY | Batteries | Small Cap

BSE Share Price 08-Dec-2022 18:01
448.15 5.50 (1.24%)

DeciZen - Make an Informed Decision on Indo-National

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Indo-National Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
332 Cr.
52-wk low :
290.2
52-wk high :
558.4
Bole Toh?

1. Is Indo-National Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo-National Ltd is a average quality company.

2. Is Indo-National Ltd undervalued or overvalued?

The key valuation ratios of Indo-National Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Indo-National Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indo-National 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 Indo-National:

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.
Indo-National 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.6%9.2%14.3%8.6%11.1%10.6%9.6%10.5%15.1%3.7%-
Value Creation Index -0.7-0.40.0-0.4-0.2-0.2-0.3-0.30.1-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 304314308315319276317330387368384
YoY Gr. Rt. %-3.3%-2.1%2.4%1%-13.4%14.9%4%17.3%-4.8%-
Adj EPS 717.130.520.627.92825.427.645.510.7-2.1
YoY Gr. Rt. %-144.5%78.6%-32.6%35.4%0.7%-9.4%8.5%65.1%-76.5%-
BVPS (₹) 189.2194.4215.6223.2251264277.4265.7307.2304.6305
Adj Net Profit 5.212.822.915.420.92119.120.734.18-2
Cash Flow from Ops. 23.41.913.142.541.332.67.916.8-9.518.8-
Debt/CF from Ops. 09.20.70.80.50.73.91.9-32-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.1%2.9%5.1%-4.8%
Adj EPS 4.8%-17.4%-25.1%-76.5%
BVPS 5.43.93.2-0.8
Share Price 11.9% 0.7% 20.6% 3.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.78.914.99.411.810.99.410.215.93.5-0.7
Op. Profit Mgn % 0.947.76.277.75.96.98.91.2-0.4
Net Profit Mgn % 1.74.17.44.96.67.666.38.82.2-0.4
Debt to Equity 00.10.10.20.10.10.20.20.10.20
Working Cap Days 119121138126120162163174170187126
Cash Conv. Cycle 9190108103971231131008910664

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.13%

Sales growth is not so good in last 4 quarters at 1.20%

Latest Financials - Indo-National Ltd.

Standalone Consolidated
TTM EPS (₹) -2.1 -7.8
TTM Sales (₹ Cr.) 384 573
BVPS (₹.) 305 314.7
Reserves (₹ Cr.) 225 232
P/BV 1.45 1.41
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 290.15 / 558.40
All Time Low / High (₹) 32.50 / 723.50
Market Cap (₹ Cr.) 332
Equity (₹ Cr.) 3.8
Face Value (₹) 5
Industry PE 6.1

Management X-Ray of Indo-National :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *56.1522.793.673.673.673.670.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indo-National

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

News

Indo-National Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indo-National on 08-Dec-2022 18:01 is : 448.1.
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 08-Dec-2022 18:01 the market cap of Indo-National stood at ₹ 332.0.
The latest PE ratio of Indo-National as of 08-Dec-2022 18:01 is 0.00.
The latest PB ratio of Indo-National as of 08-Dec-2022 18:01 is 1.45
The 52-week high of Indo-National is ₹ 558.4 and the 52-week low is ₹ 290.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Indo-National is ₹ 384.4 ( Cr.) .

About Indo-National Ltd

Nippo Batteries Company, popularly known as Nippo, is a well-known name in the dry cell battery segment. Nippo was previously known as Indo National and is headquartered at Chennai. Indo National was joint venture between Matsushita Electric Industrial Co (MEI) of Japan and Nippo Batteries to develop world class battery technology in India.

Nippo has 35 depots across India and has excellent distribution network with over 4000 stockiest pan India.

Being the second largest dry battery player, the company commands 31% market share in India. The company is received various certifications such as ISO 9001 and ISO 14001 for its quality management.

Nippo has clientele like Ajanta Clocks, Onida TV, Crown TV, Webel Nicco, Goldwin Technologies, Indian Army, Indian Space Research Organisation, Hindustan Aeronautics, Bharat Heavy Electricals, Hindustan Lever, ONGC and many more.

Products

Batteries- Nippo manufactures a wide range of zinc carbon/manganese batteries in sizes of R6 (AA), R14(C), R20 (D) and R3 (AAA). The company was first to launch zinc chloride heavy-duty batteries and environment friendly no mercury added batteries in AA segment in India.

The company is also engaged in manufacturing of range of battery recharge solutions.

Torches- The company is engaged in manufacturing of various types of torches such as durable polypropylene torches and radium torches and many more. The company has also launched energy saving torch lights using the latest technology of Light Emitting Diode (LED).

Awards

In 2010 the company bagged “Best Management Award”

Nippo Batteries received AOTS CUMI '5S' Excellence Award 2006.

The company received Technology Innovation in Information Technology award, 2006 by ACNielsen.

Nippo Batteries received award for “Excellence in Environment Management”, 2005 by the Government of Andhra Pradesh

Milestones

2001 - Landmark cumulative production figure of 7000 million batteries crossed in April
2000 - Initiation of TPM and TQM activities Launch of Shakti Vision 2003
1999 -  Cumulative production crosses 6000 million
Bronze award in PR contest from MEI, Japan for the corporate film, POWERING AHEAD Launch of Nippo Premium Gold, India's first mercury free battery
1998 -  Silver Jubilee celebrations Mr. Yasuda, President, MBI and Mr. Kaiikawa visit INNCO for the Silver Jubilee celebrations
1997 -  Initiation of ISO 14001
Installation of 2nd high speed 3D line at Tada
Introduction of BF 103 torch
Nellore picks up 'Best Union Award' again
Cumulative production crosses 5000 million
Receipt of ISO 14001 certification
Nippo Batteries Ltd. becomes the first Indian battery company to receive the ISO 9001 and ISO 14001 certifications
1996 -  Visit of Junior Matsushita, Mr. Masayuki Matsushita to India
Introduction of 5 day week at HO and factories
ISO certification for Nellore and Tada factories and Head Office
1995 -  Management Excellence Gold Award from MEI, Japan
Launch of FF 300 Sleek torch light
Cumulative production crosses 4000 million
Nippo Batteries again - receipt of first prize at the 'Horticulture Show' conducted by Andhra Pradesh Government
More awards, for 'Best Safety' and 'Good Housekeeping' from Andhra Pradesh Government
Initiation of ISO 9000 accreditation process
Launch of Vision 2000
Launch of high performance batteries in UM-3 and UM-1 segments
Nellore picks up 'Best Union Award' from Andhra Pradesh Government >
1994 -  Nippo Batteries walks away with the first prize in the State level Garden Festival, organised by the Andhra Pradesh Government Management Excellence Silver Award from MEI, Japan
1993 -  Launch of Nippo Gold (3D) at Tada plant 20th Anniversary celebrations Visit of Mr. S. Dounishi, then President, MBI, Japan First copies of Nippo News are out
1992 - Achievement of a cumulative production of 3000 million
1989 - Launch of BF 102 torch light Andhra Pradesh Government confers Best Management Award on Nippo Batteries
1988 - Nippo crosses the 2000 million production mark
1986 - Effluent treatment plant at Nellore commences operation
1985 - Commissioning of 3U hi-tech line at Tada plant
1984 - Achievement of cumulative production of 1000 million batteries Nippo picks up 'Productivity Award' from Andhra Pradesh Government
1983 - Celebrations to mark our 10th anniversary Visits of Mr. Kurata, then Managing Director, MBI and Mr. Azuma, then President, MBI Nellore plant picks up 'Good Housekeeping Award' from Andhra Pradesh Government 
1982 - Mr. Yamashita, then President, MEI and CMD Obul Reddy meet India's then Prime Minister Smt. Indira Gandhi
1981 - A million batteries exported to the USSR Grant of IS:8144 for 1U
1980 - Inauguration of our new factory at Tada, Andhra Pradesh. IP cells go into production 
1979 - Installation of workshop with top-of-the-line maintenance equipment Production commences for the new line of UM-3U cells
1978 - UM-3U goes into production
1977 - Introduction of the pilfer proof top seal, now an industry standard Nippo 1P cells receive IS:8144 recognition Production commences for UM (1S)
1976 - Nippo goes international. The first export consignment leaves for Yemen
1976 - Followed by Nippo Special (1P), an industry first. Its special quality paper outer jacket made it                easily affordable for the rural market
1975 - Nippo Hyper (2U) goes into production
1973 - Production commences for Nippo Hyper (1U) 
1972 - INNCO is established
1970 - Mr. P. Obul Reddy, CMD obtains a letter of intent from MEI, Japan, expressing an agreement in principle for a collaboration with Nippo Batteries

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