Indo National
- Market cap
- ₹ 218 Cr.
- P/E
- 2x
- P/B
- 0.73x
- 52-week range
- 257 – 469
- ROE
- −7%
- ROCE
- −5%
- Dividend yield
- 1.3%
- Debt / equity
- 0.13
- Sector
- Household Products
- Industry
- Household Products
- Listed on
- NSE, BSE
About
Indo National Limited is an India-based company engaged in the manufacturing and marketing of batteries, torches, light-emitting diode (LED) products, mosquito bats, electrical accessories and razors and blades. It has a range of portable lighting solutions, both in the battery-operated and rechargeable segments. Its range of flashlights comes in a variety of colors, wattages, sizes, and price points. Its LED lighting products include down lights and panel lights, rechargeable bulbs and spotlights. Its electrical accessories products offer flex boxes and spike guards. Its Mosquito Swatters products include terminator mini, terminator II and guard. Its battery products include alkaline batteries and zinc carbon batteries. Its manufacturing plant is located at Tada Kandriga Village, Nellore, Andhra Pradesh. Its subsidiaries include Helios Strategic Systems Ltd., Kineco Alte Train Technologies Pvt. Ltd., Kineco Kaman Composites India Private Limited, and Nippo Green Energy Pvt. Ltd.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Household Products: 10 companies →Indo National against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)2 against a typical 17.6: cheaper than most peers (1st = cheapest).1st of 10
- Sales growth−2.8% against a typical +6% from a year earlier.7th of 10
- Profit growth+97.1% against a typical +12% from a year earlier.3rd of 9
- Share price, 3 months−4.7% against a typical −7%.4th of 10
- Size₹ 218.3 Cr. market value against a typical ₹ 172.7 Cr. (1st = largest).4th of 9
Latest announcements
Exchange filings and their impact on the company.
- Company to pay Rs 2.36 cr to settle with exited eastern distributors and gets non-compete protection.
Indo-National's board on 12 Oct 2026 approved a memorandum with Radiohms Agencies, RAL Consumer Products and promoter-group member Rajendra Prasad Khaitan. It confirms cessation of the two distributors for Bihar, West Bengal and North-East with effect from 26 Sep 2024 and settlement of dues for a net Rs 2.36 crore payable by the company, with non-compete and non-solicit undertakings. The amount is small versus Rs 452 crore annual sales and Rs 303 crore net worth, so the near-term effect is a one-off cost with protection of its product lines in those regions.
- Indo-National paid Rs 3.9 cr for more preference shares in flight-simulator startup Axial Aero, lifting stake to 8%.
Indo-National Limited invested Rs 3.91 crore in cash to subscribe to 35,249 Class C compulsorily convertible preference shares of Axial Aero Private Limited at Rs 1,109.10 per share. Its total holding in Axial Aero rises to 190,761 CCPS or 7.97% from 7.67% earlier. Axial Aero makes motion-based flight simulators for civil and military aviation and reported turnover of Rs 1.43 crore in FY26, up from Rs 0.20 crore in FY25. The size is tiny versus Indo-National's Rs 452 crore sales and Rs 242 crore market cap, so no material earnings impact is expected in the next year.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 15 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 4 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 12 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 20 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 168 | 169 | 121 | 128 | 122 | 97 | 119 | 120 | 106 | 107 | 116 |
| Expenses | 164 | 155 | 151 | 131 | 127 | 133 | 99 | 117 | 116 | 113 | 125 | 116 |
| Operating Profit | 8 | 13 | 18 | −10 | 1 | −11 | −2 | 3 | 4 | −7 | −18 | 0 |
| OPM % | 4.5% | 7.9% | 10.5% | −8.3% | 0.7% | −9.2% | −2% | 2.3% | 3.3% | −6.4% | −16.9% | 0.1% |
| Other Income | 3 | 3 | 3 | 182 | 3 | 2 | 3 | 2 | 2 | 2 | 2 | 1 |
| Interest | 4 | 3 | 3 | 3 | −0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 5 | 5 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 2 | 8 | 12 | 164 | 2 | −12 | −3 | 1 | 2 | −8 | −20 | −3 |
| Tax % | −41.6% | 28% | 26.2% | 19.9% | −15.4% | −2.6% | −103.4% | 10.2% | 27.3% | −7.2% | 2.5% | −162.4% |
| Net Profit | 3 | 6 | 9 | 132 | 2 | −12 | 0 | 1 | 1 | −8 | −21 | 2 |
| EPS in Rs | 5.73 | 4.59 | 3.2 | 178.12 | 2.89 | −16.09 | 0.11 | 1.36 | 1.84 | −10.45 | −27.88 | 2.85 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 2%
- 5 Years
- −3%
- 3 Years
- −8%
- TTM
- −4%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −187%
- 10 Years
- −4%
- 5 Years
- −8%
- 3 Years
- −8%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 8%
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indo National | ₹ 310.00 | ₹ 218 Cr. | 2x | 0.7x | −7% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Pavan Kumar B. V. S.
- Chief Executive Officer
- S. R. Aravind Kumar
- Chief Financial Officer
- Arun Sriram
- Chief Marketing Officer
- J. Srinivasan
- Compliance Officer, Company Secretary
- P. Aditya Reddy
- Joint Managing Director, Executive Director
- P. Dwarakanath Reddy
- Joint Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.