NIPPOBATRY · Indo-National Ltd · Electronic Instr. & Controls
NIPPOBATRY · Indo-National Ltd · Electronic Instr. & Controls
As of 06 Nov close
52-week range
31.6% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 16 Oct 2026
Revenue (latest Q)
₹116 Cr
Revenue YoY
PAT YoY
+109.8%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.8
P/S (TTM)
0.5
Sector P/E
41.2
Dividend yield
+1.2%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NIPPOBATRY (this stock) | Not meaningful (earnings negative over the last 12 months) | 0.8 | -5.6% | -8.3% | 0.11 | +1.2% |
| ABB India | 94.7 | 16 | +21.9% | +32.0% | 0.02 | +0.4% |
| Hitachi Energy India | 135.3 | 26.5 | +12.6% | +22.2% | 0.02 | +0.0% |
| CG Power and Industrial Solutions | 113.4 | 17.7 | +9.6% | +20.4% | 1.07 | +0.2% |
Promoter
stable
FII
stable
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedThe annual report of Indo-National Limited outlines the company's governance structure, including the Board of Directors and various committees such as the Audit, Nomination and Remuneration, and Risk Management committees. The report highlights the company's commitment to corporate governance, with details on the remuneration of non-executive independent directors and the establishment of a CSR committee. It also mentions the company's financial compliance, including the transfer of unclaimed dividends to the Investor Education and Protection Fund and adherence to the Maternity Benefit Act. The report includes a Management Discussion and Analysis section, noting challenges such as higher raw material costs and currency fluctuations impacting margins, while highlighting growth in non-battery categories like LED lighting and homecare products. The company emphasizes its internal financial controls and audit processes, ensuring compliance with relevant regulations and standards.
- Establishment of a Risk Management Committee to oversee various organizational risks.
- Commitment to corporate governance with a CSR committee focused on social responsibility initiatives.
- Remuneration framework for non-executive independent directors tied to company profits.
- Internal financial controls and audit processes ensuring compliance with regulatory standards.
- Growth in non-battery categories such as LED lighting and homecare products despite challenges in raw material costs and currency fluctuations.
Key takeaway: Indo-National Limited emphasizes robust corporate governance, risk management, and strategic growth in non-battery categories despite operational challenges related to cost and currency fluctuations.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (4 items); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
4 occurrencesRecent (last 12 months)
The Competition Commission of India (CCI) imposed a penalty of Rs. 4226.00 lakhs on the company and certain officers for alleged cartelisation in the Zinc carbon dry cell batteries market in India. The company has deposited 10% of the penalty (Rs. 422.00 Lakhs) as required by the NCLAT stay order, but no provision has been made in the books of accounts due to uncertainty over the outcome.
Earlier (1-3 years ago)
The company is facing a regulatory action by CCI for alleged cartelisation in the Zinc carbon dry cell batteries market in India, with a penalty of Rs. 4226.00 lakhs. The company has deposited 10% of the penalty amount (Rs. 422.00 lakhs) with NCLAT as per the stay order, but no provision has been made in the books of accounts due to uncertainty about the outcome.
Older (3+ years ago)
The Competition Commission of India imposed a penalty of Rs. 4226.00 Lakhs on the company in 2018 for contravention of the Competition Act, 2002. The penalty was stayed by the NCLAT with a direction to deposit 10% of the penalty amount.
The Competition Commission of India imposed a penalty of Rs. 4226.00 Lakhs on the company in 2018 for contravention of the Competition Act, 2002 related to zinc carbon dry cell battery manufacturers. The penalty was stayed by the NCLAT with a direction to deposit 10% of the penalty amount, which the company has complied with.
Default / Covenant Breach
1 occurrenceOlder (3+ years ago)
The company has outstanding statutory dues for more than six months, including income tax, sales tax, and other statutory obligations, with disputes pending before various authorities.
Routine disclosures
Internal Control Weakness
1 occurrenceOlder (3+ years ago)
The company has a material weakness in its internal financial controls with reference to standalone financial statements.
Contingent Liability
2 occurrencesOlder (3+ years ago)
The company has a contingent liability of Rs. 4226.00 lakhs imposed by the Competition Commission of India (CCI) on the Group and certain officers, as per an order dated 25th April 2018 received on 02nd May 2018.
The company has a contingent liability of Rs. 4,226.00 lakhs related to a penalty imposed by the Competition Commission of India (CCI) on the company and certain officers.
Related-Party Transaction
4 occurrencesRecent (last 12 months)
The company has related-party transactions with entities such as Radiohms Properties Pvt. Ltd., Radiohms Agencies, and RAL Consumer Products Limited, which are designated as related parties up to 26th September, 2024.
Earlier (1-3 years ago)
The company has related party transactions with Kineco Ltd., Kaman Aerospace Group Inc., Kaman Composites - Vermont, Inc., Kaman Composites - UK Limited, and others, as disclosed in the financial statements.
Older (3+ years ago)
The company approved related party transactions with M/s. Radiohms Agencies, involving a transaction value of Rs.50 crores per year for the period from 1st October 2023 to 30th September 2024.
The company has approved related party transactions with M/s. Radiohms Agencies and M/s. RAL Consumer Products Limited, involving annual transactions of Rs.50 crores each, from October 2022 to September 30th.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has statutory dues related to the Income Tax Act, 1961 for the assessment year 2023-2024 that are pending before the CIT (Commissioner of Income Tax). The amount and period are not specified in the excerpt.
Earlier (1-3 years ago)
The company has outstanding statutory dues related to income tax and central sales tax for various assessment years, with disputes pending before authorities such as the Income Tax Appellate Tribunal and First Sales Tax Appellate Authority.
Older (3+ years ago)
The company has outstanding statutory dues related to income tax and central sales tax, with disputes pending before the Commissioner of Income Tax (Appeals) and First Sales Tax Appellate Authority, amounting to unspecified amounts.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.64% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).