Is Indobell Insulations Ltd (544334) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indobell Insulations Ltd is a below average quality company .

Is Indobell Insulations Ltd (544334) undervalued or overvalued?

The key valuation ratios of Indobell Insulations Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Indobell Insulations Ltd (544334) share price return in the past 10 years?

Data is not available for this company

Is Indobell Insulations Ltd (544334) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indobell Insulations Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Indobell Insulations Ltd (544334)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indobell Insulations Ltd (544334) on 17-Apr-2026 16:59:59 at 16:59 is 74.12.

What is the P/E ratio of Indobell Insulations?

The latest standalone P/E ratio of Indobell Insulations as of 17-Apr-2026 is 21.36.

What is the P/B ratio of Indobell Insulations Ltd (544334)?

The latest standalone P/B ratio of Indobell Insulations Ltd (544334) as of 17-Apr-2026 is 3.02.

What is the 52-week high and low of Indobell Insulations Ltd (544334)?

The 52-week high of Indobell Insulations Ltd (544334) is Rs. 158.00 and the 52-week low is Rs. 46.01.

Indobell Insulations Ltd (544334) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Indobell Insulations Ltd (544334)
Brand: Indobell Insulations

Indobell Insulations Ltd (544334) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹47 Cr.

P/E Ratio

21.36

Price to Book (P/B)

3.02

Price to Sales (P/S)

1.81

EV/EBITDA

13.01

Return on Capital Employed (ROCE)

23.59%

Current Price

₹74.1

Return on Equity (ROE)

20.69%

Return on Assets (ROA)

10.77%

Operating Profit Margin

11.1%

Net Profit Margin

8.5%

Gross Profit Margin

12.6%

Book Value per Share

₹24.5

Sales Growth (YoY)

43.9%

Sales Growth (3 Years)

38.86%

Operating Profit Growth (1 Year)

38.83%

Operating Profit Growth (3 Years)

51.65%

Net Profit Growth (1 Year)

112.62%

52-Week Low / High

₹46 / 158

Net Profit Growth (3 Years)

142.44%

Dividend Yield

1.45%

Promoter Holding

65.00%

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

0.00%

Check Before You Invest

Q.1 Revenue growth of Indobell Insulations Ltd?

Indobell Insulations Ltd revenue growth is 43.9% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Indobell Insulations Ltd?

Promoters hold 65.00% of the Indobell Insulations Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Indobell Insulations Ltd vs industry peers?

Indobell Insulations Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 0.00% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Indobell Insulations Ltd belong to?

Indobell Insulations Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Engineering segment.

Q.1 Stock return of Indobell Insulations Ltd over the last decade?

Over the last 1 year(s), the stock has delivered a CAGR of -40.49% based on the current price.

DeciZen - make an informed investing decision on Indobell Insulations

Based on:

Data

M-Cap below 100cr DeciZen not available

Indobell Insulations stock performance

Key Ratios

Is Indobell Insulations Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	7.2%	20%	19%	23.6%	-
Value Creation Index ⓘ	-0.5	0.4	0.4	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	9.6	20.8	17.9	25.7	26
Sales YoY Gr.	-	116.1%	-13.9%	43.9%	-
Adj EPS ⓘ	0.4	1.9	2.5	3.4	3.5
YoY Gr.	-	416.7%	35.5%	36.5%	-
BVPS (₹) ⓘ	9.5	11.5	13.9	24.5	24.5
Adj Net Profit ⓘ	0.2	0.8	1	2.2	2
Cash Flow from Ops. ⓘ	-2.8	3.1	0.3	-4.3	-
Debt/CF from Ops. ⓘ	-2.2	1.4	21.4	-0.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	38.9%	43.9%
Adj EPS ⓘ	NA	NA	112.2%	36.5%
BVPSⓘ	NA	NA	37.2%	77.2%
Share Price	-	-	-	-40.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	3.8	17.7	19.9	20.5	14.1
Op. Profit Mgn % ⓘ	8.6	9	11.5	11.1	NAN
Net Profit Mgn % ⓘ	1.5	3.7	5.8	8.4	8.5
Debt to Equity ⓘ	1.6	0.9	0.9	0.2	-
Working Cap Days ⓘ	0	188	220	240	0
Cash Conv. Cycle ⓘ	0	63	101	123	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	3.5	-
TTM Sales (₹ Cr.)	25.7	-
BVPS (₹) ⓘ	24.5	-
Reserves (₹ Cr.) ⓘ	9	-
P/BV ⓘ	3.02	-
PE ⓘ	21.36	-

From the Market
52 Week Low / High (₹)	46.01 / 158.00
All Time Low / High (₹)	46.01 / 166.75
Market Cap (₹ Cr.)	46.7
Equity (₹ Cr.)	6.3
Face Value (₹)	10
Industry PE ⓘ	64

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Indobell Insulations - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	9.61	20.77	17.88	25.73
Operating Expenses ⓘ +	8.79	18.89	15.83	22.87
Manufacturing Costs	0.99	1.21	1.80	2.07
Material Costs	4.71	14.06	9.93	14.48
Employee Cost	1.75	1.84	2.40	2.93
Other Costs ⓘ	1.34	1.78	1.69	3.39
Operating Profit ⓘ	0.82	1.87	2.06	2.86
Operating Profit Margin (%)	8.5%	9.0%	11.5%	11.1%
Other Income ⓘ +	0.16	0.29	0.10	0.77
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	0.52	0.69	0.50	0.38
Depreciation ⓘ	0.26	0.26	0.27	0.22
Profit Before Tax ⓘ	0.21	1.22	1.40	3.03
Tax ⓘ	0.05	0.32	0.36	0.84
Profit After Tax	0.15	0.90	1.03	2.19
PAT Margin (%)	1.6%	4.3%	5.8%	8.5%
Adjusted EPS (₹)	0.4	2.2	2.5	3.5
Dividend Payout Ratio (%)	44%	15%	1%	58%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	3.89	4.73	5.67	15.46
Share Capital ⓘ	0.68	0.68	4.10	6.30
Reserves ⓘ	3.21	4.04	1.58	9.16
Debt +	6.13	4.24	5.27	2.52
Long Term Debt	1.29	1.04	0.92	0
Short Term Debt	4.84	3.21	4.35	2.52
Minority Interest	0	0	0	0
Trade Payables	3.98	2.11	2.76	4.18
Others Liabilities ⓘ	0.82	1.15	1.47	3.25
Total Liabilities ⓘ	14.82	12.23	15.17	25.42
Fixed Assets
Net Fixed Assets ⓘ +	2.04	2.04	1.89	1.78
Gross Block	2.04	2.04	4.11	4.21
Accumulated Depreciation	0	0	2.22	2.44
CWIP ⓘ	0	0	0	0
Investments ⓘ	0.07	0.14	0.17	0.17
Inventories	5.01	2.83	2.54	2.55
Trade Receivables	2.56	3.85	6.59	14.23
Cash Equivalents	0.65	0.73	0.84	1.97
Others Assets ⓘ	4.50	2.64	3.14	4.72
Total Assets ⓘ	14.82	12.23	15.17	25.42

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-2.82	3.13	0.25	-4.32
PBT ⓘ	0.21	1.22	1.40	3.03
Adjustment ⓘ	0.58	0.77	0.66	0.49
Changes in Working Capital ⓘ	-3.5	1.32	-1.47	-7.09
Tax Paid ⓘ	-0.11	-0.18	-0.34	-0.75
Cash Flow From Investing Activity ⓘ +	-0.07	-0.55	-0.56	-0.22
Capex	-0.13	-0.26	-0.11	-0.11
Net Investments	-0	-0.07	-0.04	0
Others ⓘ	0.06	-0.21	-0.41	-0.12
Cash Flow From Financing Activity ⓘ +	3.27	-2.50	0.43	5.66
Net Proceeds from Shares ⓘ	-0.35	-0.55	0	8.87
Net Proceeds from Borrowing ⓘ	0.66	-0.26	-0.11	-0.92
Interest Paid ⓘ	0	0	-0.46	-0.34
Dividend Paid ⓘ	-0.07	-0.07	-0.14	-0.12
Others ⓘ	3.02	-1.63	1.14	-1.82
Net Cash Flow ⓘ	0.38	0.08	0.11	1.12

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	3.94	20.88	19.86	20.69
ROCE (%)	7.23	20.04	18.99	23.59
Asset Turnover Ratio	0.65	1.54	1.31	1.27
PAT to CFO Conversion(x)	-18.8	3.48	0.24	-1.97
Working Capital Days
Receivable Days	97	56	107	148
Inventory Days	190	69	55	36
Payable Days	308	79	90	88

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Indobell Insulations Ltd FAQs

The current trading price of Indobell Insulations on 17-Apr-2026 16:59 is ₹74.12.

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 16-Apr-2026 the market cap of Indobell Insulations stood at ₹46.70 Cr

The latest P/E ratio of Indobell Insulations as of 16-Apr-2026 is 21.36.

The latest P/B ratio of Indobell Insulations as of 16-Apr-2026 is 3.02.

The 52-week high of Indobell Insulations is ₹158.0 and the 52-week low is ₹46.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indobell Insulations is ₹25.73 ( Cr.) .

About Indobell Insulations Ltd

Indobell Insulations Limited was originally incorporated as a Private Limited Company in the name of ‘Indobell Insulations Private Limited’ on May 12,1972 under the provisions of Companies Act, 1956 issued by Registrar of Companies - West Bengal. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the company was changed to ‘Indobell Insulations Limited’ vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated September 4,2012 issued by Registrar of Companies - West Bengal.

Indobell Insulations stands as a Manufacturer and Contractor of Insulation Products like Nodulated/Granulated Wool (Mineral and Ceramic Fibre Nodules) and Prefabrication Thermal Insulation Jackets which are used to insulate a variety of applications, including homes, commercial buildings, and industrial plants and all other related insulations materials which are the parts of the designs of insulations of the Company. Core business is carried out in power industry which requires full range of insulation and lining Services, scaffolding, surface protection, refractory, passive fire protection and borosilicate lining in chimneys. Its range of products under its manufacturing capabilities is summarized as under: Nodulated/Granulated Wool which includes Ceramic Fibres Nodules and Mineral Fibre Nodules; and Pre-fabricated Thermal Insulation Jackets.

The company offers tailored insulation solutions to meet specific customer requirements. This includes providing customized sizes, shapes, and densities of insulation materials based on the client's projects which include 3D design, 2D designs, manufacturing drawings, and doing a Thermal analysis of the insulation. Apart from this, it also offers installation services to clients who prefer a one-stop solution for their insulation needs. It also fulfil overseas requirements of the Customers by exporting its tailor-made Jackets which are designed as per the Customer's specifications.

Its Manufacturing facility has been strategically located in West Bengal and Maharashtra. West Bengal Manufacturing unit is generally engaged in production of Nodulated wool prepare from Mineral and Ceramic Fibre Nodules whereas Maharashtra Manufacturing unit is engaged in production of Ceramic Fibre Nodules. This process is carried out by processing bulk fibers through a series of stages, including slicing, slitting, and surface rotation. These units have integrated manufacturing process in which entire activity of production process is carried out in -house.

Business area of the company

The company is engaged in Manufacturer and Exporter of insulation products and services provider.

Products of the company

Nodulated / Granulated wool
Mineral fibre nodules
Ceramic fibre nodules
Prefabricated thermal insulation jackets

History and milestones

1972: Business started in the name ‘Indobell Insulation Private Limited’.
2012: Company converted from Private Limited Company to Public Limited Company i.e. ‘Indobell Insulations Limited.’
2013: Company has been awarded as one of the best service providers by ‘The Bengal Chamber of Commerce and Industry.’
2022: Certified as an ISO 14001:2015 Company.
2023: Certified as an ISO 9001:2015 Company.
2023: Certified as an ISO 45001:2018 Company.

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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BSE Enlistment No:	1187
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Indobell Insulations Ltd (544334) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Indobell Insulations Share Price