INDO-NATIONAL LIMITED (NIPPOBATRY) financials

INDO-NATIONAL LIMITED (NIPPOBATRY) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]

Market Cap: ₹226Cr.
Current Price: ₹302
ROE: -6.53%
ROCE: -2.69%
Book Value: ₹283
Dividend Yield: 1.24%
52W High / Low: ₹472/255

In Jun 2026, INDO-NATIONAL LIMITED (NIPPOBATRY) reported sales ₹115.85 Cr and net profit ₹2.29 Cr.

Annual TTM: sales ₹447 Cr, net profit ₹-22 Cr.

Shareholding: Promoters 65.35% (Sep 2026), FIIs 0.00% (Sep 2026), Government 0.00% (Sep 2026), Public 34.66% (Sep 2026), No. of Shareholders 14,123% (Sep 2026).

NIPPOBATRY quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	127.57	121.63	97.11	119.44	119.07	106.11	106.39	115.85
Expenses	126.29	120.12	98.42	116.65	113.56	111.33	124.21	115.47
Operating Profit	1.28	1.51	-1.31	2.79	5.51	-5.22	-17.82	0.38
OPM %	1.00%	1.24%	-1.35%	2.34%	4.63%	-4.92%	-16.75%	0.33%
Other Income	3.36	1.77	2.46	2.20	1.56	1.92	1.52	0.90
Interest	0.07	0.10	0.22	0.60	0.72	0.63	0.62	0.88
Depreciation	2.86	2.90	2.94	3.21	3.27	3.30	3.29	3.34
Profit before tax	1.71	0.28	-2.01	1.18	3.08	-7.23	-20.21	-2.94
Tax %	-16.96%	-128.57%	30.85%	10.17%	13.31%	-8.44%	2.52%	-177.89%
Net Profit	2.00	0.63	-2.63	1.07	2.68	-6.62	-20.71	2.29
EPS in Rs	2.67	0.84	-3.51	1.43	3.57	-8.83	-27.61	3.05
Raw PDF	—	—	—	—	—	—	—	—

NIPPOBATRY profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	330	387	368	405	466	458	451	447
Expenses	307	353	364	397	451	453	452	465
Operating Profit	23	34	4	8	15	5	-1	-17
OPM %	7%	9%	1.1%	2.0%	3.2%	1.1%	-0.2%	-3.8%
Other Income	-11	21	15	6	6	9	7	6
Interest	6	4	2	2	4	1	3	3
Depreciation	6	5	6	10	9	11	13	13
Profit before tax	1	46	11	2	8	1	-10	-27
Tax %	52%	26%	27%	33%	17%	5%	4%	—
Net Profit	0	34	8	1	7	1	-10	-22
EPS in Rs	0.65	45.27	10.37	1.33	8.93	1.35	-13.87	-29.82
Dividend Payout %	383%	28%	48%	375%	56%	371%	-27%	—

NIPPOBATRY balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	4	4	4	4	4	4
Reserves	204	195	227	225	223	225	222	208
Borrowings	30	31	29	38	21	17	187	201
Other Liabilities	60	70	78	69	72	92	74	76
Total Liabilities	298	300	337	335	319	338	487	490
Fixed Assets	77	74	71	112	117	131	151	163
CWIP	0	0	0	0	1	0	1	3
Investments	47	47	47	47	73	78	166	138
Other Assets	175	180	220	177	129	128	169	187
Total Assets	298	300	337	335	319	338	487	490

NIPPOBATRY cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	8	17	-9	19	44	29	-53	5
Cash from Investing Activity	-0	-2	14	-32	-18	-17	-113	-9
Cash from Financing Activity	-13	-14	-8	-2	-26	-11	166	8
Net Cash Flow	-5	1	-3	-16	0	0	-0	5
Free Cash Flow	6	14	-12	-27	28	7	-86	-22
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	101%	86%	-4%	558%	581%	209%	-1,033%	-612%

NIPPOBATRY shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%	65.35%
FIIs	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Government	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%
Public	34.66%	34.65%	34.64%	34.64%	34.62%	34.65%	34.65%	34.66%
No. of Shareholders	13,491	13,708	13,969	13,993	13,855	13,958	14,297	14,123

NIPPOBATRY key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	97	69	83	32	31	34	38	47
Inventory Days	74	92	103	145	81	73	88	79
Days Payable	38	58	54	43	36	35	35	35
Cash Conversion Cycle	132	102	131	134	75	73	91	91
Working Capital Days	90	74	106	81	54	35	-53	-57
ROCE %	14%	15%	20%	5%	1%	5%	-1%	-3%

NIPPOBATRYUpdated 21 Oct 2026, 14:15

Indo-national Limited

NIPPOBATRYUpdated 21 Oct 2026, 14:15

Market Cap

₹226Cr.

Current Price

₹302

High / Low

₹472/255

ROE-6.53%

ROCE-2.69%

Book Value₹283

Face Value₹5.00

Dividend Yield1.24%

About

Incorporated in 1972, Indo National manufactures and markets batteries, torches, LED products, electrical accessories, mosquito bats, razors and blades[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	105.44	0.76	102.75	1.23	2.08	1.08	25.93	0.81	1.08
Sep 2023	135.5	1.13	127.72	1.57	2.28	5.94	19.19	4.8	6.4
Dec 2023	121.53	1.03	117.69	1.69	2.21	2.29	17.47	1.88	2.51
Mar 2024	103.61	0.82	102.9	1.27	2.43	-1.27	-37.8	-0.79	-1.05
Jun 2024	111.66	0.71	108.16	1.06	2.76	1.09	7.34	1.01	1.35
Sep 2024	127.57	0.07	126.29	3.36	2.86	1.71	-16.96	2	2.67
Dec 2024	121.63	0.1	120.12	1.77	2.9	0.28	-128.57	0.63	0.84
Mar 2025	97.11	0.22	98.42	2.46	2.94	-2.01	30.85	-2.63	-3.51
Jun 2025	119.44	0.6	116.65	2.2	3.21	1.18	10.17	1.07	1.43
Sep 2025	119.07	0.72	113.56	1.56	3.27	3.08	13.31	2.68	3.57
Dec 2025	106.11	0.63	111.33	1.92	3.3	-7.23	-8.44	-6.62	-8.83
Mar 2026	106.39	0.62	124.21	1.52	3.29	-20.21	2.52	-20.71	-27.61
Jun 2026	115.85	0.88	115.47	0.9	3.34	-2.94	-177.89	2.29	3.05

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	307	1	284	23	5	40	28	29	38.56
Mar 2016	315	1	295	18	5	32	47	17	22.59
Mar 2017	318	2	296	18	5	32	35	21	27.88
Mar 2018	276	2	254	18	6	31	33	21	28.04
Mar 2019	317	4	298	19	6	28	32	19	25.41
Mar 2020	330	6	307	-11	6	1	52	0	0.65
Mar 2021	387	4	353	21	5	46	26	34	45.27
Mar 2022	368	2	364	15	6	11	27	8	10.37
Mar 2023	405	2	397	6	10	2	33	1	1.33
Mar 2024	466	4	451	6	9	8	17	7	8.93
Mar 2025	458	1	453	9	11	1	5	1	1.35
Mar 2026	451	3	452	7	13	-10	4	-10	-13.87
TTM	447	3	465	6	13	-27	—	-22	-29.82

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	65.35%
Public	34.66%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2023	65.35%	0%	—	0%	34.65%
Mar 2024	65.35%	0.03%	—	0%	34.62%
Jun 2024	65.35%	0%	—	0%	34.65%
Sep 2024	65.35%	0.04%	—	0%	34.61%
Dec 2024	65.35%	0%	—	0%	34.66%
Mar 2025	65.35%	0%	—	0%	34.65%
Jun 2025	65.35%	0.01%	—	0%	34.64%
Sep 2025	65.35%	0%	—	0%	34.64%
Dec 2025	65.35%	0%	—	0.02%	34.62%
Mar 2026	65.35%	0%	—	0%	34.65%
Jun 2026	65.35%	0%	—	0%	34.65%
Sep 2026	65.35%	0%	—	0%	34.66%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	4	158	9	46	216	56	0	0	160	216
Mar 2016	4	164	35	46	248	73	0	32	143	248
Mar 2017	4	185	19	47	254	81	0	38	133	254
Mar 2018	4	194	22	52	273	81	0	47	145	273
Mar 2019	4	204	30	60	298	77	0	47	175	298
Mar 2020	4	195	31	70	300	74	0	47	180	300
Mar 2021	4	227	29	78	337	71	0	47	220	337
Mar 2022	4	225	38	69	335	112	0	47	177	335
Mar 2023	4	223	21	72	319	117	1	73	129	319
Mar 2024	4	225	17	92	338	131	0	78	128	338
Mar 2025	4	222	187	74	487	151	1	166	169	487
Mar 2026	4	208	201	76	490	163	3	138	187	490

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	13	-4	-9	0
Mar 2016	43	-26	-11	6
Mar 2017	41	-20	-36	-14
Mar 2018	33	-13	-14	6
Mar 2019	8	0	-13	-5
Mar 2020	17	-2	-14	1
Mar 2021	-9	14	-8	-3
Mar 2022	19	-32	-2	-16
Mar 2023	44	-18	-26	0
Mar 2024	29	-17	-11	0
Mar 2025	-53	-113	166	0
Mar 2026	5	-9	8	5

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	101	80	84	101	97	69	83	32	31	34	38	47
Inventory Days	71	59	73	76	74	92	103	145	81	73	88	79
Days Payable	25	15	20	36	38	58	54	43	36	35	35	35
Cash Conversion Cycle	147	124	136	141	132	102	131	134	75	73	91	91
Working Capital Days	108	83	91	91	90	74	106	81	54	35	-53	-57
ROCE %	20%	16%	17%	16%	14%	15%	20%	5%	1%	5%	-1%	-3%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of INDO-NATIONAL LIMITED (NIPPOBATRY)?

The reported market capitalisation for INDO-NATIONAL LIMITED (NIPPOBATRY) is ₹226Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of NIPPOBATRY?

The current price shown for INDO-NATIONAL LIMITED (NIPPOBATRY) on Fincrux is ₹302 with a 52-week high/low of ₹472/255.

What were NIPPOBATRY latest quarterly results?

For Jun 2026, INDO-NATIONAL LIMITED (NIPPOBATRY) reported sales ₹115.85 Cr and net profit ₹2.29 Cr (figures in ₹ crore unless noted).

What are NIPPOBATRY annual sales and net profit?

For TTM, INDO-NATIONAL LIMITED (NIPPOBATRY) shows sales of ₹447 Cr and net profit of ₹-22 Cr on the Fincrux profit & loss statement.

Who owns INDO-NATIONAL LIMITED (NIPPOBATRY)?

Latest shareholding for INDO-NATIONAL LIMITED (NIPPOBATRY) on Fincrux: Promoters 65.35% (Sep 2026), FIIs 0.00% (Sep 2026), Government 0.00% (Sep 2026), Public 34.66% (Sep 2026), No. of Shareholders 14,123% (Sep 2026).

Where can I find INDO-NATIONAL LIMITED (NIPPOBATRY) financials?

INDO-NATIONAL LIMITED (NIPPOBATRY) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show NIPPOBATRY balance sheet and cash flow?

Yes. The INDO-NATIONAL LIMITED (NIPPOBATRY) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 21 October 2026 at 14:15