Indo National Ltd (NIPPOBATRY) — shareholding pattern, promoter holding, financials and share price
About Indo National Ltd (NIPPOBATRY)
Indo National Ltd operates in the Household Products industry, within the Fast Moving Consumer Goods sector. It trades on the NSE as NIPPOBATRY and on the BSE under scrip code 504058. Its ISIN is INE567A01028.
Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades [1]
Indo National Ltd (INL) is primarily involved in the manufacture and marketing of batteries, torches, LED products, and other consumer goods. Founded in 1972, the company was promoted by S R Jiwarajka and Matsushita Electrical Company, Japan.
INL boasts an extensive distribution network with over 3200 distributors across India, enhancing its market presence and reach. Their R&D capabilities are well-noted, having developed specialized batteries for India's defense forces.
Listed peers in Household Products: Panasonic Energy India Company Ltd, Aaradhya Disposal Industries Ltd, Pee Cee Cosma Sope Ltd, Yuvraaj Hygiene Products Ltd, Utkal Speciality Industries India Ltd, Ambica Agarbathies Aroma & Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹337.05 a share on 10 Jul 2026, Indo National Ltd (NIPPOBATRY) was valued at a price-to-earnings ratio of -9.59x against an industry P/E of 30.22x and a price-to-book of 0.58x on a book value of ₹584.22 per share as of Mar 2025. Solomo computes return on equity of -6.09% and return on capital employed of -4.82% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -9.59x
- Industry P/E
- 30.22x
- P/B
- 0.58x
- EPS (TTM)
- ₹-35.59
- Book value / share
- ₹584.22
- ROE
- -6.09%
- ROCE
- -4.82%
- ROA
- -3.7%
- Debt / equity
- 0.12x
- Dividend yield
- 1.48%
- EBITDA margin
- -2.33%
- 52-week range
- ₹255 – ₹505
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Indo National Ltd (NIPPOBATRY) reported revenue of ₹452 crore, net profit of ₹-27 crore and earnings per share of ₹-35.12. That compares with revenue of ₹467 crore and net profit of ₹122 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹107 crore and net profit ₹-21 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 570 | 572 | 641 | 467 | 452 |
| Net profit (₹ cr) | 13 | -8 | 15 | 122 | -27 |
| EPS (₹) | 10.59 | -7.59 | 12.83 | 165.01 | -35.12 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 2.92% | 6.79% | 7.54% | -27.03% |
| Profit growth | -26.87% | 15.83% | -49.31% | 732.99% |
| Stock price CAGR | -3% | -10% | -12% | -27% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 65.35% of Indo National Ltd (NIPPOBATRY) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0%. Market capitalisation was ₹253 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: SHARAD KANAYALAL SHAH 4.24%, HUF 1.19%, VARSHA SHARAD SHAH 1.14%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 65.35% | - | 0% | - | 34.65% |
| Mar 2026 | 65.35% | - | 0% | - | 34.65% |
| Dec 2025 | 65.35% | - | 0% | - | 34.65% |
| Sep 2025 | 65.35% | - | 0% | - | 34.65% |
| Jun 2025 | 65.35% | - | 0.01% | - | 34.65% |
| Mar 2025 | 65.35% | - | 0% | - | 34.65% |
| Dec 2024 | 65.35% | - | 0% | - | 34.65% |
| Sep 2024 | 65.35% | - | 0.05% | - | 34.65% |