India Nippon Electricals Ltd (INDNIPPON) — shareholding pattern, promoter holding, financials and share price
About India Nippon Electricals Ltd (INDNIPPON)
India Nippon Electricals Ltd operates in the Auto Components & Equipments industry, within the Automobile and Auto Components sector. It trades on the NSE as INDNIPPON and on the BSE under scrip code 532240. Its ISIN is INE092B01025.
India Nippon Electricals is a manufacturer of Ignition Systems for two-wheelers, three-wheelers, and portable engines [1] It was incorporated in 1984 and was converted into a joint venture in 1986 between Lucas Indian Service Ltd, a wholly-owned subsidiary of Lucas-TVS Ltd and MAHLE Electric Drives Japan Corporation(Japan) – a company of MAHLE Group [2]
India Nippon Electricals Ltd is a 40+ year old manufacturer and Tier‑1 supplier of electronic ignition systems, flywheel magnetos, CDI units, coils and voltage regulators for two‑wheelers, three‑wheelers and general purpose engines, operating three Indian manufacturing plants and a DSIR‑recognised R&D centre focused on vehicle electronics.
Financial momentum is strong: Q3‑FY26 revenue of INR 2,718 Mn (up 26.6% YoY) and 9M‑FY26 revenue of INR 7,690 Mn (up 25.8% YoY), with 9M EBITDA margins at 10.91% and PAT of INR 713 Mn, reflecting sustained margin improvement, debt‑free status and an expanding EPS trajectory versus FY23–FY25.
Listed peers in Auto Components & Equipments: Divgi Torqtransfer Systems Ltd, Automotive Axles Ltd, M M Forgings Ltd, Federal-Mogul Goetze (India) Ltd, Talbros Automotive Components Ltd, Rajratan Global Wire Ltd.
Valuation & Returns
10 Jul 2026At ₹1,179.8 a share on 10 Jul 2026, India Nippon Electricals Ltd (INDNIPPON) was valued at a price-to-earnings ratio of 24.01x against an industry P/E of 37.75x and a price-to-book of 3.25x on a book value of ₹363.08 per share as of Mar 2026. Solomo computes return on equity of 13.54% and return on capital employed of 17.79% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 24.01x
- Industry P/E
- 37.75x
- P/B
- 3.25x
- EPS (TTM)
- ₹49.14
- Book value / share
- ₹363.08
- ROE
- 13.54%
- ROCE
- 17.79%
- ROA
- 10.42%
- Debt / equity
- 0x
- Dividend yield
- 1.31%
- EBITDA margin
- 15.38%
- 52-week range
- ₹653.25 – ₹1,182.05
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, India Nippon Electricals Ltd (INDNIPPON) reported revenue of ₹1,068 crore, net profit of ₹111 crore and earnings per share of ₹49.14. That compares with revenue of ₹845 crore and net profit of ₹82 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹299 crore and net profit ₹40 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 566 | 656 | 724 | 845 | 1,068 |
| Net profit (₹ cr) | 50 | 48 | 59 | 82 | 111 |
| EPS (₹) | 22.21 | 21.32 | 26.21 | 36.37 | 49.14 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 11.68% | 17.30% | 17.64% | 26.54% |
| Profit growth | 15.85% | 22.91% | 32.10% | 35.11% |
| Stock price CAGR | 19% | 26% | 38% | 56% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 70.37% of India Nippon Electricals Ltd (INDNIPPON) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.32% and domestic institutional investors (DII) hold 0.22%. Market capitalisation was ₹2,669 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: HUF 1.17%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 70.37% | - | 0.32% | 0.22% | 29.63% |
| Mar 2026 | 70.37% | - | 0.41% | 0.06% | 29.63% |
| Dec 2025 | 70.37% | - | 0.42% | 0.06% | 29.63% |
| Sep 2025 | 70.37% | - | 0.37% | 0% | 29.63% |
| Jun 2025 | 70.37% | - | 0.28% | - | 29.63% |
| Mar 2025 | 70.37% | - | 0.19% | - | 29.63% |
| Dec 2024 | 70.37% | - | 0.21% | - | 29.63% |
| Sep 2024 | 70.37% | - | 0.21% | - | 29.63% |