



Automobiles & Auto Components | Small Cap
India Nippon Electricals Ltd demonstrates a mixed financial performance. The company shows robust growth in revenue, operating profit, and earnings per share, indicating strong market performance. Its solvency position is excellent, mainly due to a high equity ratio and low debt. However, liquidity is a significant concern, with all liquidity ratios indicating poor performance. Efficiency ratios are also weak, suggesting challenges in asset utilization. Profitability metrics are varied, with good gross profit and operating margins but poor returns on equity and net margins. The coverage ratios are also low, reflecting potential difficulties in meeting interest and dividend obligations. Overall, the company's strengths in growth and solvency are offset by weaknesses in liquidity and efficiency.
India Nippon Electricals Ltd demonstrates a mixed financial performance. The company shows robust growth in revenue, operating profit, and earnings per share, indicating strong market performance. Its solvency position is excellent, mainly due to a high equity ratio and low debt. However, liquidity is a significant concern, with all liquidity ratios indicating poor performance. Efficiency ratios are also weak, suggesting challenges in asset utilization. Profitability metrics are varied, with good gross profit and operating margins but poor returns on equity and net margins. The coverage ratios are also low, reflecting potential difficulties in meeting interest and dividend obligations. Overall, the company's strengths in growth and solvency are offset by weaknesses in liquidity and efficiency.
Overall Valuation Score
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Last Traded Time
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P/E RATIO (TTM)
21.80
Industry Median
29.13
Small Cap Median
28.47
P/E RATIO
21.82
P/B RATIO
2.95
Industry Median
3.32
Small Cap Median
3.16
P/S RATIO
2.28
Industry Median
1.69
Small Cap Median
1.59
Others
PEG RATIO
0.96
EV/EBITDA RATIO
14.73
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1072.1 as on Sep 1, 2026.
The company demonstrates strong growth momentum, particularly in revenue, operating profit, and earnings per share. This indicates the company is expanding its market presence and profitability effectively. While net income growth is lagging, the overall growth trajectory is positive, suggesting potential for future expansion and enhanced shareholder value.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 17.67 | 15.9 | 10.37 | 16.71 | 26.39 |
| Operating Profit Growth Rate | 11.11 | 6 | 24.53 | 42.42 | 26.6 |
| Earnings Per Share (EPS) Growth | 26.77 | -4.01 | 22.94 | 38.76 | 35.11 |
| Asset Growth Rate | 8.09 | 12.01 | 16.57 | 12.19 | 13.63 |
| Net Income Growth Rate | 25 | -4 | 22.92 | 38.98 | 35.37 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
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Overall Score
Strong Bearish
Bearish
Neutral
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Strong Bullish
Strong Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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India Nippon Electricals Ltd. (INEL) is a leading manufacturer of electronic ignition systems and components for two-wheelers, three-wheelers, and portable engines in India. A joint venture between Lucas-TVS Limited and Kokusan Denki Co. Ltd., Japan, it holds a significant market position in the automotive electricals segment.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. India Nippon Electricals Ltd's P/E ratio (TTM) is 21.80, compared to the industry median of 29.13 and large cap median of 28.47.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. India Nippon Electricals Ltd's P/B ratio is 2.95, compared to the industry median of 3.32 and large cap median of 3.16.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. India Nippon Electricals Ltd's P/S ratio is 2.28, compared to the industry median of 1.69 and large cap median of 1.59.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. India Nippon Electricals Ltd's PEG ratio is 0.96.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. India Nippon Electricals Ltd's EV/EBITDA ratio is 14.73.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. India Nippon Electricals Ltd's ROE is 13.52%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. India Nippon Electricals Ltd's ROA is 11.15%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. India Nippon Electricals Ltd's ROCE is 17%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. India Nippon Electricals Ltd's operating margin is 11.14%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. India Nippon Electricals Ltd's net margin is 10.39%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. India Nippon Electricals Ltd's current ratio is 1.45.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. India Nippon Electricals Ltd's debt-to-equity ratio is 0.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. India Nippon Electricals Ltd's interest coverage ratio is 147.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. India Nippon Electricals Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. India Nippon Electricals Ltd's EPS is 35.11.
(Source line: "Ratios as of 21 Sept 2026, based on last traded price of ₹1072.10. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1984
Headquarters: Chennai, Tamil Nadu
Core Offerings: Flywheel Magnetos, CDI Units, Ignition Coils, Regulator-Rectifiers, Auto-switches
Stock Listing: NSE (INDNIPPON), BSE (532240)
Promoter: Lucas-TVS Limited / TVS Group
India Nippon Electricals Ltd. was incorporated in 1984 as a joint venture between Lucas-TVS Ltd (India) and Kokusan Denki Co. Ltd (Japan). The company commenced commercial production of electronic ignition systems in 1985. Over the subsequent decades, INEL expanded its product portfolio to include various automotive electrical and electronic components, establishing itself as a key supplier to major two-wheeler and three-wheeler Original Equipment Manufacturers (OEMs) in India.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Automotive Electrical & Electronic Components | 100% | Operating Profit |
Electronic Ignition Systems: Manufactures a wide range of electronic ignition systems, including flywheel magnetos, CDI units, ignition coils, and regulator-rectifier units. These are crucial components for two-wheelers, three-wheelers, and portable engines, designed for optimal performance and reliability.
Automotive Sensors & Switches: Produces various sensors and switches essential for engine management and vehicle operation, catering to the evolving demands of the automotive industry for enhanced control and diagnostics.
Advanced Electrical Components: Engages in the development and production of advanced electrical components, focusing on improving fuel efficiency and reducing emissions, aligning with current automotive industry trends and regulatory requirements for its OEM clients.
Mr. T.K. Balaji - Chairman & Managing Director. He also serves as the Chairman & MD of Lucas-TVS Ltd and is a Director on the Board of TVS Motor Company Ltd, bringing extensive experience from the TVS Group.
No major subsidiaries reported.
Notable bonus issues include 1:1 in 2004, 1:1 in 2011, and 1:1 in 2017.
The India Nippon Electricals Ltd share price today is ₹1072.10 on NSE (INDNIPPON), as of 22 Sept 2026.
As of 21 Sept 2026, India Nippon Electricals Ltd share price is ₹1072.10, with previous close ₹1072.10. Today's range is ₹1072.10 to ₹1072.10. The 52-week range is ₹675 to ₹1564.
As of today, India Nippon Electricals Ltd's market cap is ₹2,433.67 crore (Small Cap).
India Nippon Electricals Ltd's current P/E ratio is 21.80, compared to the AUTOMOBILES & AUTO COMPONENTS sector average of 45.
India Nippon Electricals Ltd's current P/B ratio is 2.95.
India Nippon Electricals Ltd's current dividend yield is N/A. Last dividend of ₹30.00 per share was declared on 18-May-2023.
India Nippon Electricals Ltd's EPS (TTM) is ₹35.11.
India Nippon Electricals Ltd. (INEL) is a leading manufacturer of electronic ignition systems and components for two-wheelers, three-wheelers, and portable engines in India. A joint venture between Lucas-TVS Limited and Kokusan Denki Co. Ltd., Japan, it holds a significant market position in the automotive electricals segment.
India Nippon Electricals Ltd is promoted by Lucas-TVS Limited / TVS Group, holding 70.37% as of 21 Sept 2026.
India Nippon Electricals Ltd is listed on NSE (INDNIPPON) and BSE (532240). Its next quarterly results are expected on August 2024.