Indo National Ltd
Indo National Ltd (NIPPOBATRY) last reported results for the quarter ended Jun 2026, with sales of ₹116 crore and net profit of ₹2.01 crore. The stock last traded at ₹312, a market capitalisation of ₹234 crore. Over the past 52 weeks the stock has ranged between ₹255 and ₹472. Figures are as of 9 Oct 2026 and are not real time.
Indo National Ltd share price and key metrics
- Current price
- ₹312
- Market cap
- ₹234 cr
- Book value
- ₹403
- ROE
- -6.95%
- ROCE
- -5.33%
- Dividend yield
- 1.20%
- 52w high / low
- 472/255
Metrics as of 9 Oct 2026. Not real time.
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Indo National Ltd growth and returns
- 10 Years
- 2%
- 5 Years
- -3%
- 3 Years
- -8%
- TTM
- -4%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -187%
- 10 Years
- -5%
- 5 Years
- -8%
- 3 Years
- -14%
- 1 Year
- -31%
- 10 Years
- 8%
- 5 Years
- 8%
- 3 Years
- 11%
- Last Year
- -7%
Indo National Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹116 cr, down 2.8% from ₹119 cr a year earlier. Net profit was ₹2.01 cr, up 97.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 128 | 122 | 97.11 | 119 | 120 | 106 | 107 | 116 |
| Expenses | 127 | 133 | 99.05 | 117 | 116 | 113 | 125 | 116 |
| Operating profit | 0.89 | -11.16 | -1.94 | 2.79 | 3.96 | -6.82 | -18.11 | 0.12 |
| OPM % | 0.70% | -9.18% | -2.00% | 2.34% | 3.31% | -6.42% | -16.91% | 0.10% |
| Other income | 3.36 | 1.77 | 3.2 | 2.2 | 1.56 | 2.32 | 1.56 | 0.9 |
| Interest | -0.49 | 0.1 | 0.96 | 0.6 | 0.72 | 0.64 | 0.63 | 0.88 |
| Depreciation | 2.86 | 2.9 | 2.94 | 3.21 | 3.3 | 3.32 | 3.31 | 3.36 |
| Profit before tax | 1.88 | -12.39 | -2.64 | 1.18 | 1.5 | -8.46 | -20.49 | -3.22 |
| Tax % | -15.43% | -2.58% | -103.41% | 10.17% | 27.33% | -7.21% | 2.49% | -162.42% |
| Net profit | 2.17 | -12.07 | 0.08 | 1.02 | 1.13 | -7.85 | -21 | 2.01 |
| EPS (₹) | 2.89 | -16.09 | 0.11 | 1.36 | 1.84 | -10.45 | -27.88 | 2.85 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Indo National Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 377 | 394 | 443 | 508 | 532 | 570 | 572 | 641 | 467 | 452 | 449 |
| Operating profit | 31 | 42 | 41 | 61 | 57 | 26 | 15 | 41 | -22 | -18 | -21 |
| OPM % | 8% | 11% | 9% | 12% | 11% | 4.6% | 2.6% | 6% | -4.8% | -3.9% | -4.6% |
| Net profit | 21 | 31 | 27 | 10 | 33 | 13 | -8 | 15 | 122 | -27 | -26 |
| EPS (₹) | 25.57 | 29.79 | 24.56 | 1.88 | 40.51 | 10.59 | -7.59 | 12.83 | 165.01 | -35.12 | -33.64 |
TTM is the trailing twelve months to the most recent quarter.
Indo National Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | 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 | 4 | 4 |
| Reserves | 198 | 209 | 219 | 211 | 238 | 236 | 228 | 232 | 434 | 299 |
| Borrowings | 49 | 65 | 113 | 121 | 123 | 124 | 132 | 140 | 53 | 34 |
| Other liabilities | 78 | 152 | 146 | 161 | 148 | 147 | 151 | 223 | 230 | 94 |
| Total liabilities | 329 | 431 | 481 | 496 | 513 | 511 | 515 | 599 | 721 | 431 |
| Fixed assets | 158 | 163 | 182 | 188 | 182 | 215 | 226 | 254 | 223 | 170 |
| CWIP | 2 | 14 | 5 | 1 | 1 | 2 | 4 | 2 | 4 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96 | 61 |
| Other assets | 169 | 254 | 295 | 307 | 330 | 294 | 284 | 343 | 398 | 193 |
| Total assets | 329 | 431 | 481 | 496 | 513 | 511 | 515 | 599 | 721 | 431 |
As reported by the company. Total assets equal total liabilities by construction.
Indo National Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 44 | 38 | -19 | 10 | 11 | 35 | 36 | 44 | -56 | 42 |
| Cash from investing | -20 | -12 | -7 | 1 | 5 | -35 | -28 | -38 | 80 | 16 |
| Cash from financing | -30 | -18 | 29 | -9 | -10 | -20 | -9 | -9 | -19 | -58 |
| Net cash flow | -6 | 8 | 2 | 2 | 5 | -20 | -1 | -4 | 6 | -1 |
| Free cash flow | 11 | 11 | -40 | -4 | 1 | -10 | 6 | 0 | -97 | 14 |
| CFO / operating profit | 182% | 118% | -15% | 27% | 37% | 160% | 270% | 116% | 90% | -241% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Indo National Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 16% | 18% | 15% | 18% | 16% | 7% | 1% | 8% | 33% | -5% |
| Debtor days | 82 | 116 | 113 | 83 | 103 | 61 | 80 | 76 | 70 | 47 |
| Inventory days | 82 | 79 | 85 | 111 | 107 | 124 | 88 | 95 | 147 | 80 |
| Days payable | 41 | 92 | 77 | 87 | 77 | 63 | 69 | 72 | 81 | 49 |
| Cash conversion cycle | 124 | 103 | 120 | 107 | 133 | 122 | 99 | 99 | 136 | 78 |
| Working capital days | 53 | 13 | 33 | 40 | 73 | 58 | 38 | 36 | 96 | 73 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Indo National Ltd shareholding pattern
Promoters held 65.35% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.00%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 65.35% | 65.35% | 65.35% | 65.35% | 65.35% | 65.35% | 65.35% | 65.35% |
| FIIs | 0.04% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% |
| Public | 34.61% | 34.66% | 34.65% | 34.64% | 34.64% | 34.62% | 34.65% | 34.65% |
| No. of shareholders | 13,434 | 13,491 | 13,708 | 13,969 | 13,993 | 13,855 | 13,958 | 14,297 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Indo National Ltd corporate filings
- Compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026Company Updatelow impact
- Indo National Limited invests Rs. 3.91 crore in Axial Aero Private Limited via subscription to Class C CCPS, increasing its stake to 7.97%Company Updatehigh impact
Cruxal's analysis: Indo National Limited has announced a strategic investment of Rs. 3.91 crore (Rs…
Read the full analysis - Indo National Limited invests Rs. 49.89 lakh in Medcuore Medical Solutions Private Ltd, acquiring an additional 0.79% stake, raising total shareholding to 63.07%Company Updatehigh impact
Cruxal's analysis: Indo National Limited has announced a strategic minority investment of Rs. 49.89 lakh in…
Read the full analysis - Attached the Voting results and Scrutinizers Report of 53rd AGMAGM/EGMmedium impact
- Indo National Limited concludes 53rd AGM; declares dividend of INR 3.75 per shareAGM/EGMlow impact
Cruxal's analysis: Indo National Limited has successfully concluded its 53rd Annual General Meeting, where…
Read the full analysis - Closure of Trading windowInsider Trading / SASTlow impact
- Indo National Limited to invest INR 3.91 crore in Axial Aero Private Limited to maintain 7.97% stakeCompany Updatelow impact
Cruxal's analysis: Indo National Limited (INL) has approved a follow-on investment of INR 3 crore 90 lakh 94…
Read the full analysis - Indo National Limited increases stake in subsidiary Medcuore Medical Solutions to 62.28%Company Updatelow impact
Cruxal's analysis: Indo National Limited has acquired an additional 0.41% stake in Medcuore Medical…
Read the full analysis - Indo National Limited Announces 53rd AGM for September 28, 2026, Proposes Dividend of INR 3.75 per ShareAGM/EGMlow impact
Cruxal's analysis: Indo National Limited has issued a notice for its 53rd Annual General Meeting scheduled…
Read the full analysis - Indo National Ltd releases Annual Report for the Financial Year 2025-26Otherslow impact
Cruxal's analysis: Indo National Ltd has filed its Annual Report for the financial year 2025-26 as per…
Read the full analysis - Indo National Limited increases stake in Medcuore Medical Solutions Private Ltd to 61.87% via 50.04 lakh INR investmentCompany Updatemedium impact
Cruxal's analysis: Indo National Limited has further consolidated its control over Medcuore Medical…
Read the full analysis - Indo National Limited Announces Resignation of Chief Sales Officer Binu SekharCompany Updatelow impact
Cruxal's analysis: Indo National Limited has formally announced the resignation of its Chief Sales Officer…
Read the full analysis - Indo National Limited Reports Q1 FY27 Financial Results via Newspaper PublicationCompany Updatelow impact
Cruxal's analysis: Indo National Limited has published its unaudited standalone and consolidated financial…
Read the full analysis - Indo National Ltd announces book closure for corporate actionCorp. Actionlow impact
Cruxal's analysis: Indo National Ltd has notified a book closure period as part of its routine corporate…
Read the full analysis - Indo National Limited Reports Q1 FY2027 Financial Results and Announces 53rd AGM with Dividend ProposalBoard Meetingmedium impact
Cruxal's analysis: Indo National Limited reported Q1 FY2027 standalone revenue from operations of 115.85…
Read the full analysis - Indo National Limited schedules Board Meeting for August 14, 2026, to approve Q1 FY27 financial resultsBoard Meetinglow impact
Cruxal's analysis: Indo National Limited has formally intimated the stock exchanges regarding a Board of…
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