Indo National
: NIPPOBATRY · Household Products
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We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Indo National's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indo National Limited is a prominent Indian manufacturer of dry cell batteries, operating under the well-known Nippo brand. The company has diversified its product portfolio to include LED lighting, flashlights, mosquito swatters, and various electrical accessories.
Business Model
The company generates revenue through the large-scale manufacturing and distribution of consumer electrical products. It leverages an extensive pan-India distribution network consisting of 26 depots and 17 lakh retail outlets to reach end consumers.
- Annual Battery Capacity:78.5 crore units
- Market Share:30%+
Growth Outlook
Growth is driven by the company's strong market position in the dry cell battery segment and the ongoing expansion of its non-battery product categories. The company continues to focus on maintaining its extensive retail footprint to capture market demand.
Key Risks
- Commodity Price Volatility. Fluctuations in the cost of raw materials like zinc and manganese can significantly impact manufacturing margins.
- Technological Obsolescence. The shift towards rechargeable devices and alternative power sources poses a long-term threat to the traditional dry cell battery market.
- Intense Competition. The company faces stiff competition from both established domestic players and low-cost unorganised sector imports.
- Supply Chain Disruptions. Maintaining an extensive distribution network of 17 lakh retail outlets is susceptible to logistical inefficiencies and rising transportation costs.
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Key Metrics
REVENUE
₹572 Cr
TTM · consolidated
NET PROFIT
₹-26 Cr
TTM · consolidated
EPS
₹-33.75
TTM · consolidated
RETURN ON EQUITY
-6.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
-4.5%
TTM · consolidated
P/E
-9.9x
Q4 FY26 · consolidated
EV/EBITDA
-43.6x
Q4 FY26 · consolidated
EBITDA MARGIN
-1.0%
TTM · consolidated
NET PROFIT MARGIN
-19.6%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.1x
Q4 FY26 · consolidated
Peers · Household Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Indo NationalNIPPOBATRY | ₹245 Cr | -9.67 | -49.33 | 22.3% | -1.0% | -6.3% | -4.5% | -29.4% |
Flair Writing Industries LimitedFLAIR | ₹2,628 Cr | 18.80 | 10.74 | 14.2% | 19.3% | 13.1% | 16.8% | -19.5% |
Eveready Industries India LimitedEVEREADY | ₹2,450 Cr | 13.75 | 15.17 | 8.7% | 11.6% | 32.9% | 27.8% | -20.0% |
Kokuyo CamlinKOKUYOCMLN | ₹804 Cr | 36.45 | 15.03 | 6.2% | 6.7% | 7.1% | 9.9% | -28.1% |
LincLINC | ₹568 Cr | 17.99 | 8.51 | -1.0% | 12.1% | 13.0% | 18.5% | -26.5% |
High Energy Batteries (India) Ltd.HIGHENE | ₹515 Cr | 33.43 | 21.10 | 3.1% | 29.9% | 15.0% | 21.2% | -14.0% |
As of Q4 FY26
Financials
Indo National
: NIPPOBATRY · Household Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Indo National's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indo National Limited is a prominent Indian manufacturer of dry cell batteries, operating under the well-known Nippo brand. The company has diversified its product portfolio to include LED lighting, flashlights, mosquito swatters, and various electrical accessories.
Business Model
The company generates revenue through the large-scale manufacturing and distribution of consumer electrical products. It leverages an extensive pan-India distribution network consisting of 26 depots and 17 lakh retail outlets to reach end consumers.
- Annual Battery Capacity:78.5 crore units
- Market Share:30%+
Growth Outlook
Growth is driven by the company's strong market position in the dry cell battery segment and the ongoing expansion of its non-battery product categories. The company continues to focus on maintaining its extensive retail footprint to capture market demand.
Key Risks
- Commodity Price Volatility. Fluctuations in the cost of raw materials like zinc and manganese can significantly impact manufacturing margins.
- Technological Obsolescence. The shift towards rechargeable devices and alternative power sources poses a long-term threat to the traditional dry cell battery market.
- Intense Competition. The company faces stiff competition from both established domestic players and low-cost unorganised sector imports.
- Supply Chain Disruptions. Maintaining an extensive distribution network of 17 lakh retail outlets is susceptible to logistical inefficiencies and rising transportation costs.
Start your research today
Unlock AI insights, financials, peers and live data on Indo National and 5,000+ companies — free.
Key Metrics
REVENUE
₹572 Cr
TTM · consolidated
NET PROFIT
₹-26 Cr
TTM · consolidated
EPS
₹-33.75
TTM · consolidated
RETURN ON EQUITY
-6.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
-4.5%
TTM · consolidated
P/E
-9.9x
Q4 FY26 · consolidated
EV/EBITDA
-43.6x
Q4 FY26 · consolidated
EBITDA MARGIN
-1.0%
TTM · consolidated
NET PROFIT MARGIN
-19.6%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.1x
Q4 FY26 · consolidated
Peers · Household Products
As of Q4 FY26