Indo-National Ltd.
•₹ 329.251.04%
2026-08-21
PROS
- Latest quarter profit grew 41.4% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.23x)
- Working capital cycle has improved - days down from 36 to -53
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (813.4% of PBT)
- Company has a low return on capital employed of 2.3%
- Company has a low return on equity of 1.3% over last 3 years
- Interest coverage is weak at 2.0x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | EXIDEIND | 464.05 | 42.34 | 39444.25 | 0.43 | 351.30 | 27.94 | 5528.38 | 17.75 | 9.04 | 11.25 |
| 2. | HBLENGINE | 712.85 | 25.31 | 19759.84 | 0.42 | 109.14 | -23.86 | 638.03 | 6.03 | 27.46 | 22.72 |
| 3. | ARE&M | 930.40 | 18.47 | 17028.68 | 1.14 | 190.94 | 15.86 | 4214.54 | 23.92 | 15.73 | 9.63 |
| 4. | EVEREADY | 355.10 | 14.48 | 2581.12 | 0.70 | 36.97 | 22.30 | 407.71 | 8.97 | 23.95 | 15.01 |
| 5. | NIPPOBATRY | 330.00 | 0.00 | 247.50 | 1.14 | 2.01 | 96.10 | 116.14 | -2.76 | 35.63 | 0.11 |
| 6. | LAKHNNATNL | 259.90 | 0.00 | 194.93 | 0.75 | 1.66 | 97.26 | 63.52 | 9.49 | 17.04 | 4.07 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 105 | 136 | 122 | 104 | 112 | 128 | 122 | 97 | 119 | 119 | 106 | 106 | 116 | |
| 103 | 128 | 118 | 103 | 108 | 126 | 120 | 98 | 116 | 114 | 111 | 112 | 120 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 2 | 2 | 1 | 1 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 1 | 6 | 2 | -1 | 1 | 2 | 0 | -2 | 2 | 3 | -7 | -8 | -3 | |
| Tax % | 25.69% | 19.19% | 17.54% | 37.80% | 7.34% | -16.96% | -133.33% | -30.85% | 6.90% | 13.27% | 8.44% | -6.74% | 177.89% |
| Net Profit | 1 | 5 | 2 | -1 | 1 | 2 | 1 | -3 | 2 | 3 | -7 | -8 | 2 |
| 1 | 6 | 3 | -1 | 1 | 3 | 1 | -4 | 2 | 4 | -9 | -11 | 0 | |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 105
- 103
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 1
- Tax %
- 25.69%
- Net Profit
- 1
- 1
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 136
- 128
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 19.19%
- Net Profit
- 5
- 6
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 122
- 118
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 17.54%
- Net Profit
- 2
- 3
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 104
- 103
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- -1
- Tax %
- 37.80%
- Net Profit
- -1
- -1
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 112
- 108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 3
- 1
- Tax %
- 7.34%
- Net Profit
- 1
- 1
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 128
- 126
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 3
- 2
- Tax %
- -16.96%
- Net Profit
- 2
- 3
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 122
- 120
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 3
- 0
- Tax %
- -133.33%
- Net Profit
- 1
- 1
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 97
- 98
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 3
- -2
- Tax %
- -30.85%
- Net Profit
- -3
- -4
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 119
- 116
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 2
- Tax %
- 6.90%
- Net Profit
- 2
- 2
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 119
- 114
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- 3
- Tax %
- 13.27%
- Net Profit
- 3
- 4
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 106
- 111
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- -7
- Tax %
- 8.44%
- Net Profit
- -7
- -9
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 106
- 112
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- -8
- Tax %
- -6.74%
- Net Profit
- -8
- -11
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 116
- 120
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 3
- -3
- Tax %
- 177.89%
- Net Profit
- 2
- 0
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 4
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 315 | 319 | 276 | 317 | 330 | 387 | 368 | 405 | 466 | 458 | 447 | |
| 296 | 296 | 255 | 298 | 307 | 353 | 364 | 397 | 451 | 453 | 456 | |
| Operating Profit | 38 | 40 | 39 | 38 | 41 | 55 | 19 | 14 | 21 | 14 | — |
| OPM % | 12 | 13 | 14 | 12 | 12 | 14 | 5 | 3 | 4 | 3 | — |
| Other Income | 19 | 18 | 18 | 19 | 18 | 21 | 15 | 6 | 6 | 9 | 6 |
| Interest | 1 | 2 | 2 | 4 | 6 | 4 | 3 | 2 | 4 | 1 | 3 |
| Depreciation | 5 | 5 | 6 | 6 | 6 | 5 | 6 | 10 | 9 | 11 | 13 |
| 32 | 32 | 31 | 28 | 1 | 46 | 11 | 2 | 8 | 1 | -15 | |
| Tax % | 47 | 35 | 33 | 32 | 66 | 26 | 27 | 33 | 17 | 5 | 34 |
| Net Profit | 17 | 21 | 21 | 19 | 0 | 34 | 8 | 1 | 7 | 1 | -10 |
| EPS | 0 | 0 | 56 | 0 | 0 | 45 | 10 | 1 | 9 | 1 | — |
| Dividend Payout % | 55 | 45 | 36 | 39 | 857 | 28 | 48 | 374 | 56 | 370 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 23 | 28 | 28 | 25 | 0 | 45 | 10 | 1 | 9 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 23 | 28 | 28 | 25 | 0 | 45 | 10 | 1 | 9 | 1 | — |
Mar 2016
- 315
- 296
- Operating Profit
- 38
- OPM %
- 12
- Other Income
- 19
- Interest
- 1
- Depreciation
- 5
- 32
- Tax %
- 47
- Net Profit
- 17
- EPS
- 0
- Dividend Payout %
- 55
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
Mar 2017
- 319
- 296
- Operating Profit
- 40
- OPM %
- 13
- Other Income
- 18
- Interest
- 2
- Depreciation
- 5
- 32
- Tax %
- 35
- Net Profit
- 21
- EPS
- 0
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
Mar 2018
- 276
- 255
- Operating Profit
- 39
- OPM %
- 14
- Other Income
- 18
- Interest
- 2
- Depreciation
- 6
- 31
- Tax %
- 33
- Net Profit
- 21
- EPS
- 56
- Dividend Payout %
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 28
Mar 2019
- 317
- 298
- Operating Profit
- 38
- OPM %
- 12
- Other Income
- 19
- Interest
- 4
- Depreciation
- 6
- 28
- Tax %
- 32
- Net Profit
- 19
- EPS
- 0
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2020
- 330
- 307
- Operating Profit
- 41
- OPM %
- 12
- Other Income
- 18
- Interest
- 6
- Depreciation
- 6
- 1
- Tax %
- 66
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 857
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 387
- 353
- Operating Profit
- 55
- OPM %
- 14
- Other Income
- 21
- Interest
- 4
- Depreciation
- 5
- 46
- Tax %
- 26
- Net Profit
- 34
- EPS
- 45
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 45
Mar 2022
- 368
- 364
- Operating Profit
- 19
- OPM %
- 5
- Other Income
- 15
- Interest
- 3
- Depreciation
- 6
- 11
- Tax %
- 27
- Net Profit
- 8
- EPS
- 10
- Dividend Payout %
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2023
- 405
- 397
- Operating Profit
- 14
- OPM %
- 3
- Other Income
- 6
- Interest
- 2
- Depreciation
- 10
- 2
- Tax %
- 33
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 374
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 466
- 451
- Operating Profit
- 21
- OPM %
- 4
- Other Income
- 6
- Interest
- 4
- Depreciation
- 9
- 8
- Tax %
- 17
- Net Profit
- 7
- EPS
- 9
- Dividend Payout %
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2025
- 458
- 453
- Operating Profit
- 14
- OPM %
- 3
- Other Income
- 9
- Interest
- 1
- Depreciation
- 11
- 1
- Tax %
- 5
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 370
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 447
- 456
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 3
- Depreciation
- 13
- -15
- Tax %
- 34
- Net Profit
- -10
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 7%
- 3 Years:
- 8%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -26%
- 5 Years:
- 47%
- 3 Years:
- -43%
STOCK PRICE CAGR
- 10 Years:
- -4%
- 5 Years:
- -8%
- 3 Years:
- -8%
- 1 Year:
- -31%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 5%
- 3 Years:
- 1%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| 164 | 185 | 194 | 204 | 195 | 227 | 225 | 223 | 225 | 222 | |
| 13 | 19 | 22 | 30 | 31 | 1 | 10 | 7 | 0 | 4 | |
| Trade Payables | 8 | 11 | 17 | 22 | 33 | 34 | 27 | 27 | 27 | 28 |
| 59 | 36 | 37 | 38 | 36 | 72 | 69 | 59 | 82 | 229 | |
| Total Liabilities | 248 | 254 | 274 | 298 | 300 | 337 | 335 | 319 | 338 | 487 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 73 | 81 | 81 | 77 | 74 | 71 | 112 | 117 | 131 | 151 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| 32 | 38 | 47 | 47 | 47 | 47 | 47 | 73 | 78 | 166 | |
| 34 | 40 | 36 | 43 | 53 | 64 | 92 | 60 | 58 | 70 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43 | 48 | |
| Cash & Bank | 32 | 8 | 18 | 19 | 21 | 18 | 1 | 1 | 1 | 1 |
| 77 | 85 | 93 | 113 | 106 | 139 | 84 | 68 | 26 | 51 | |
| Total Assets | 248 | 254 | 274 | 298 | 300 | 337 | 335 | 319 | 338 | 487 |
| Total Debt | 35 | 19 | 22 | 30 | 31 | 29 | 38 | 21 | 17 | 187 |
| Net Working Capital | 104 | 88 | 87 | 97 | 88 | 130 | 83 | 61 | 46 | -66 |
| Contingent Liabilities | 24 | 26 | 81 | 78 | 67 | 49 | 29 | 32 | 98 | 99 |
| Book Value per Share | 446.37 | 502.04 | 528.05 | 554.84 | 531.31 | 614.31 | 304.58 | 301.97 | 304.48 | 301.46 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 35 | 19 | 22 | 30 | 31 | 29 | 38 | 21 | 17 | 187 |
| Net Working Capital | 104 | 88 | 87 | 97 | 88 | 130 | 83 | 61 | 46 | -66 |
| Contingent Liabilities | 24 | 26 | 81 | 78 | 67 | 49 | 29 | 32 | 98 | 99 |
| Book Value per Share | 446.37 | 502.04 | 528.05 | 554.84 | 531.31 | 614.31 | 304.58 | 301.97 | 304.48 | 301.46 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 | 5.00 |
Mar 2016
- Equity Capital
- 4
- 164
- 13
- Trade Payables
- 8
- 59
- Total Liabilities
- 248
- 73
- Capital Work in Progress
- 0
- 32
- 34
- 0
- Cash & Bank
- 32
- 77
- Total Assets
- 248
- Total Debt
- 35
- Net Working Capital
- 104
- Contingent Liabilities
- 24
- Book Value per Share
- 446.37
- Face Value
- 10.00
- Total Debt
- 35
- Net Working Capital
- 104
- Contingent Liabilities
- 24
- Book Value per Share
- 446.37
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 4
- 185
- 19
- Trade Payables
- 11
- 36
- Total Liabilities
- 254
- 81
- Capital Work in Progress
- 0
- 38
- 40
- 0
- Cash & Bank
- 8
- 85
- Total Assets
- 254
- Total Debt
- 19
- Net Working Capital
- 88
- Contingent Liabilities
- 26
- Book Value per Share
- 502.04
- Face Value
- 10.00
- Total Debt
- 19
- Net Working Capital
- 88
- Contingent Liabilities
- 26
- Book Value per Share
- 502.04
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 4
- 194
- 22
- Trade Payables
- 17
- 37
- Total Liabilities
- 274
- 81
- Capital Work in Progress
- 0
- 47
- 36
- 0
- Cash & Bank
- 18
- 93
- Total Assets
- 274
- Total Debt
- 22
- Net Working Capital
- 87
- Contingent Liabilities
- 81
- Book Value per Share
- 528.05
- Face Value
- 10.00
- Total Debt
- 22
- Net Working Capital
- 87
- Contingent Liabilities
- 81
- Book Value per Share
- 528.05
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 4
- 204
- 30
- Trade Payables
- 22
- 38
- Total Liabilities
- 298
- 77
- Capital Work in Progress
- 0
- 47
- 43
- 0
- Cash & Bank
- 19
- 113
- Total Assets
- 298
- Total Debt
- 30
- Net Working Capital
- 97
- Contingent Liabilities
- 78
- Book Value per Share
- 554.84
- Face Value
- 10.00
- Total Debt
- 30
- Net Working Capital
- 97
- Contingent Liabilities
- 78
- Book Value per Share
- 554.84
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 4
- 195
- 31
- Trade Payables
- 33
- 36
- Total Liabilities
- 300
- 74
- Capital Work in Progress
- 0
- 47
- 53
- 0
- Cash & Bank
- 21
- 106
- Total Assets
- 300
- Total Debt
- 31
- Net Working Capital
- 88
- Contingent Liabilities
- 67
- Book Value per Share
- 531.31
- Face Value
- 10.00
- Total Debt
- 31
- Net Working Capital
- 88
- Contingent Liabilities
- 67
- Book Value per Share
- 531.31
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 4
- 227
- 1
- Trade Payables
- 34
- 72
- Total Liabilities
- 337
- 71
- Capital Work in Progress
- 0
- 47
- 64
- 0
- Cash & Bank
- 18
- 139
- Total Assets
- 337
- Total Debt
- 29
- Net Working Capital
- 130
- Contingent Liabilities
- 49
- Book Value per Share
- 614.31
- Face Value
- 10.00
- Total Debt
- 29
- Net Working Capital
- 130
- Contingent Liabilities
- 49
- Book Value per Share
- 614.31
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 4
- 225
- 10
- Trade Payables
- 27
- 69
- Total Liabilities
- 335
- 112
- Capital Work in Progress
- 0
- 47
- 92
- 0
- Cash & Bank
- 1
- 84
- Total Assets
- 335
- Total Debt
- 38
- Net Working Capital
- 83
- Contingent Liabilities
- 29
- Book Value per Share
- 304.58
- Face Value
- 5.00
- Total Debt
- 38
- Net Working Capital
- 83
- Contingent Liabilities
- 29
- Book Value per Share
- 304.58
- Face Value
- 5.00
Mar 2023
- Equity Capital
- 4
- 223
- 7
- Trade Payables
- 27
- 59
- Total Liabilities
- 319
- 117
- Capital Work in Progress
- 1
- 73
- 60
- 0
- Cash & Bank
- 1
- 68
- Total Assets
- 319
- Total Debt
- 21
- Net Working Capital
- 61
- Contingent Liabilities
- 32
- Book Value per Share
- 301.97
- Face Value
- 5.00
- Total Debt
- 21
- Net Working Capital
- 61
- Contingent Liabilities
- 32
- Book Value per Share
- 301.97
- Face Value
- 5.00
Mar 2024
- Equity Capital
- 4
- 225
- 0
- Trade Payables
- 27
- 82
- Total Liabilities
- 338
- 131
- Capital Work in Progress
- 0
- 78
- 58
- 43
- Cash & Bank
- 1
- 26
- Total Assets
- 338
- Total Debt
- 17
- Net Working Capital
- 46
- Contingent Liabilities
- 98
- Book Value per Share
- 304.48
- Face Value
- 5.00
- Total Debt
- 17
- Net Working Capital
- 46
- Contingent Liabilities
- 98
- Book Value per Share
- 304.48
- Face Value
- 5.00
Mar 2025
- Equity Capital
- 4
- 222
- 4
- Trade Payables
- 28
- 229
- Total Liabilities
- 487
- 151
- Capital Work in Progress
- 1
- 166
- 70
- 48
- Cash & Bank
- 1
- 51
- Total Assets
- 487
- Total Debt
- 187
- Net Working Capital
- -66
- Contingent Liabilities
- 99
- Book Value per Share
- 301.46
- Face Value
- 5.00
- Total Debt
- 187
- Net Working Capital
- -66
- Contingent Liabilities
- 99
- Book Value per Share
- 301.46
- Face Value
- 5.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 41 | 33 | 8 | 17 | -9 | 19 | 44 | 29 | -53 | |
| Cash from Investing | -26 | -20 | -13 | -0 | -2 | 14 | -32 | -18 | -17 | -113 |
| Cash from Financing | -11 | -36 | -14 | -13 | -14 | -8 | -2 | -26 | -11 | 166 |
| 6 | -14 | 6 | -5 | 1 | -3 | -16 | 0 | 0 | -0 | |
| Free Cash Flow | 34 | 28 | 33 | 8 | 14 | -12 | -26 | 34 | 28 | -81 |
| OCF / Net Profit | 2.51 | 1.98 | 1.55 | 0.41 | 76.99 | -0.28 | 2.41 | 43.90 | 4.27 | -52.43 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 116 | 71 | 16 | 17 | 38 | -58 |
| OCF / Net Profit | 2.51 | 1.98 | 1.55 | 0.41 | 76.99 | -0.28 | 2.41 | 43.90 | 4.27 | -52.43 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 116 | 71 | 16 | 17 | 38 | -58 |
Mar 2016
- 43
- Cash from Investing
- -26
- Cash from Financing
- -11
- 6
- Free Cash Flow
- 34
- OCF / Net Profit
- 2.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.51
- Cumulative 5-Year FCF
- 0
Mar 2017
- 41
- Cash from Investing
- -20
- Cash from Financing
- -36
- -14
- Free Cash Flow
- 28
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- 0
Mar 2018
- 33
- Cash from Investing
- -13
- Cash from Financing
- -14
- 6
- Free Cash Flow
- 33
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 0
Mar 2019
- 8
- Cash from Investing
- -0
- Cash from Financing
- -13
- -5
- Free Cash Flow
- 8
- OCF / Net Profit
- 0.41
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.41
- Cumulative 5-Year FCF
- 0
Mar 2020
- 17
- Cash from Investing
- -2
- Cash from Financing
- -14
- 1
- Free Cash Flow
- 14
- OCF / Net Profit
- 76.99
- Cumulative 5-Year FCF
- 116
- OCF / Net Profit
- 76.99
- Cumulative 5-Year FCF
- 116
Mar 2021
- -9
- Cash from Investing
- 14
- Cash from Financing
- -8
- -3
- Free Cash Flow
- -12
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 71
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 71
Mar 2022
- 19
- Cash from Investing
- -32
- Cash from Financing
- -2
- -16
- Free Cash Flow
- -26
- OCF / Net Profit
- 2.41
- Cumulative 5-Year FCF
- 16
- OCF / Net Profit
- 2.41
- Cumulative 5-Year FCF
- 16
Mar 2023
- 44
- Cash from Investing
- -18
- Cash from Financing
- -26
- 0
- Free Cash Flow
- 34
- OCF / Net Profit
- 43.90
- Cumulative 5-Year FCF
- 17
- OCF / Net Profit
- 43.90
- Cumulative 5-Year FCF
- 17
Mar 2024
- 29
- Cash from Investing
- -17
- Cash from Financing
- -11
- 0
- Free Cash Flow
- 28
- OCF / Net Profit
- 4.27
- Cumulative 5-Year FCF
- 38
- OCF / Net Profit
- 4.27
- Cumulative 5-Year FCF
- 38
Mar 2025
- -53
- Cash from Investing
- -113
- Cash from Financing
- 166
- -0
- Free Cash Flow
- -81
- OCF / Net Profit
- -52.43
- Cumulative 5-Year FCF
- -58
- OCF / Net Profit
- -52.43
- Cumulative 5-Year FCF
- -58
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 45.18 | 55.76 | 56.09 | 50.70 | 0.58 | 90.54 | 10.38 | 1.34 | 8.93 | 1.35 |
| Book Value (₹) | 446.37 | 502.04 | 528.05 | 554.84 | 531.31 | 614.31 | 304.58 | 301.97 | 304.48 | 301.46 |
| Dividend per Share (₹) | 25.00 | 25.00 | 20.00 | 20.00 | 5.00 | 25.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Cash EPS (₹) | 29.45 | 34.86 | 35.73 | 33.15 | 7.73 | 52.40 | 18.01 | 14.77 | 20.93 | 16.64 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 10.68% | 11.17% | 13.78% | 12.03% | 12.43% | 14.24% | 5.11% | 3.45% | 3.21% | 1.09% |
| Net Margin % | 4.79% | 5.84% | 7.38% | 6.00% | 0.07% | 8.78% | 2.11% | 0.25% | 1.44% | 0.22% |
| ROE % | 10.30% | 11.76% | 10.89% | 9.36% | 0.11% | 15.81% | 3.39% | 0.44% | 2.95% | 0.45% |
| ROCE % | 17.53% | 17.01% | 15.69% | 14.07% | 2.63% | 20.33% | 4.99% | 1.52% | 4.78% | 0.66% |
| 7.30% | 8.34% | 7.97% | 6.66% | 0.07% | 10.65% | 2.31% | 0.31% | 2.04% | 0.25% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 80 | 72 | 95 | 92 | 81 | 71 | 60 | 30 | 30 | 37 |
| Inventory Days | 39 | 38 | 49 | 45 | 53 | 55 | 77 | 68 | 46 | 51 |
| Payable Days | 20 | 18 | 30 | 34 | 48 | 54 | 48 | 37 | 34 | 35 |
| 98 | 92 | 114 | 103 | 85 | 71 | 88 | 62 | 42 | 52 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.21x | 0.10x | 0.11x | 0.15x | 0.16x | 0.12x | 0.17x | 0.09x | 0.07x | 0.83x |
| Interest Coverage (x) | 45.41x | 14.37x | 14.28x | 7.38x | 1.12x | 12.18x | 5.24x | 1.63x | 3.14x | 1.97x |
| 3.68x | 3.13x | 2.70x | 2.47x | 2.15x | 2.79x | 2.13x | 1.90x | 1.56x | 0.72x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 2.41% | 1.04% | -13.44% | 14.92% | 4.03% | 17.29% | -4.78% | 9.92% | 15.14% | -1.74% |
| Operating Profit Growth % | -19.51% | 5.97% | -1.83% | -2.94% | 7.50% | 34.42% | -65.81% | -25.79% | 48.77% | -34.43% |
| Net Profit Growth % | -41.42% | 23.41% | 0.58% | -9.61% | -98.85% | 0.00% | -77.08% | -87.11% | 567.97% | -84.87% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 567.97% | -84.87% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 61.70x | 308.31x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.81x | 1.38x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.91% | 1.20% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 20.64x | 36.64x |
Mar 2016
- EPS (₹)
- 45.18
- Book Value (₹)
- 446.37
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 29.45
- Operating Margin %
- 10.68%
- Net Margin %
- 4.79%
- ROE %
- 10.30%
- ROCE %
- 17.53%
- 7.30%
- Debtor Days
- 80
- Inventory Days
- 39
- Payable Days
- 20
- 98
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 45.41x
- 3.68x
- Revenue Growth %
- 2.41%
- Operating Profit Growth %
- -19.51%
- Net Profit Growth %
- -41.42%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 55.76
- Book Value (₹)
- 502.04
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 34.86
- Operating Margin %
- 11.17%
- Net Margin %
- 5.84%
- ROE %
- 11.76%
- ROCE %
- 17.01%
- 8.34%
- Debtor Days
- 72
- Inventory Days
- 38
- Payable Days
- 18
- 92
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 14.37x
- 3.13x
- Revenue Growth %
- 1.04%
- Operating Profit Growth %
- 5.97%
- Net Profit Growth %
- 23.41%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 56.09
- Book Value (₹)
- 528.05
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 35.73
- Operating Margin %
- 13.78%
- Net Margin %
- 7.38%
- ROE %
- 10.89%
- ROCE %
- 15.69%
- 7.97%
- Debtor Days
- 95
- Inventory Days
- 49
- Payable Days
- 30
- 114
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 14.28x
- 2.70x
- Revenue Growth %
- -13.44%
- Operating Profit Growth %
- -1.83%
- Net Profit Growth %
- 0.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 50.70
- Book Value (₹)
- 554.84
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 33.15
- Operating Margin %
- 12.03%
- Net Margin %
- 6.00%
- ROE %
- 9.36%
- ROCE %
- 14.07%
- 6.66%
- Debtor Days
- 92
- Inventory Days
- 45
- Payable Days
- 34
- 103
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 7.38x
- 2.47x
- Revenue Growth %
- 14.92%
- Operating Profit Growth %
- -2.94%
- Net Profit Growth %
- -9.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.58
- Book Value (₹)
- 531.31
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 7.73
- Operating Margin %
- 12.43%
- Net Margin %
- 0.07%
- ROE %
- 0.11%
- ROCE %
- 2.63%
- 0.07%
- Debtor Days
- 81
- Inventory Days
- 53
- Payable Days
- 48
- 85
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 1.12x
- 2.15x
- Revenue Growth %
- 4.03%
- Operating Profit Growth %
- 7.50%
- Net Profit Growth %
- -98.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 90.54
- Book Value (₹)
- 614.31
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 52.40
- Operating Margin %
- 14.24%
- Net Margin %
- 8.78%
- ROE %
- 15.81%
- ROCE %
- 20.33%
- 10.65%
- Debtor Days
- 71
- Inventory Days
- 55
- Payable Days
- 54
- 71
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 12.18x
- 2.79x
- Revenue Growth %
- 17.29%
- Operating Profit Growth %
- 34.42%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 10.38
- Book Value (₹)
- 304.58
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 18.01
- Operating Margin %
- 5.11%
- Net Margin %
- 2.11%
- ROE %
- 3.39%
- ROCE %
- 4.99%
- 2.31%
- Debtor Days
- 60
- Inventory Days
- 77
- Payable Days
- 48
- 88
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 5.24x
- 2.13x
- Revenue Growth %
- -4.78%
- Operating Profit Growth %
- -65.81%
- Net Profit Growth %
- -77.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 1.34
- Book Value (₹)
- 301.97
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 14.77
- Operating Margin %
- 3.45%
- Net Margin %
- 0.25%
- ROE %
- 0.44%
- ROCE %
- 1.52%
- 0.31%
- Debtor Days
- 30
- Inventory Days
- 68
- Payable Days
- 37
- 62
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 1.63x
- 1.90x
- Revenue Growth %
- 9.92%
- Operating Profit Growth %
- -25.79%
- Net Profit Growth %
- -87.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 8.93
- Book Value (₹)
- 304.48
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 20.93
- Operating Margin %
- 3.21%
- Net Margin %
- 1.44%
- ROE %
- 2.95%
- ROCE %
- 4.78%
- 2.04%
- Debtor Days
- 30
- Inventory Days
- 46
- Payable Days
- 34
- 42
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 3.14x
- 1.56x
- Revenue Growth %
- 15.14%
- Operating Profit Growth %
- 48.77%
- Net Profit Growth %
- 567.97%
- 567.97%
- P/E (x)
- 61.70x
- P/B (x)
- 1.81x
- Dividend Yield %
- 0.91%
- 20.64x
Mar 2025
- EPS (₹)
- 1.35
- Book Value (₹)
- 301.46
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 16.64
- Operating Margin %
- 1.09%
- Net Margin %
- 0.22%
- ROE %
- 0.45%
- ROCE %
- 0.66%
- 0.25%
- Debtor Days
- 37
- Inventory Days
- 51
- Payable Days
- 35
- 52
- Debt to Equity (x)
- 0.83x
- Interest Coverage (x)
- 1.97x
- 0.72x
- Revenue Growth %
- -1.74%
- Operating Profit Growth %
- -34.43%
- Net Profit Growth %
- -84.87%
- -84.87%
- P/E (x)
- 308.31x
- P/B (x)
- 1.38x
- Dividend Yield %
- 1.20%
- 36.64x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - Indo-National Limited has informed the Exchange about Copy of Newspaper Publication
- Updates
2026-08-14 - Indo-National Limited has informed the Exchange regarding 'Intimation on 53rd AGM'.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Sep 2021