Indo National Share Price & Earnings Call Analysis

₹299.60+0.54% today
Market cap
₹225 Cr
ROE
-6.95%
Price to sales
0.50
Debt to equity
0.11
52W high / low
₹445 / ₹259
Sales growth (5Y)
-3.18%
EBITDA margin
-4.64%
Net profit margin
-5.76%
Promoter holding
65.35%
Sales (last year)
₹449 Cr

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

Potential multibaggers · Q2 FY27

Potential multibaggers in Household Products
on management's own guidance

  1. DOMS IndustriesModerate growth
    2
  2. Jyothy LabsModerate growth
    1
  3. Flair WritingModerate growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Household Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Jyothy Labs10–20%Up 0–2%₹6,314 Cr22.2
2DOMS Industries10–20%Flat₹11,067 Cr50.9
3Flair Writing10–20%Flat₹2,430 Cr17.4
410–20%Flat₹2,258 Cr12.9
50–10%Flat₹542 Cr15.7

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Pro shows every company guiding 40%+ revenue growth →Full Household Products ranking

Financials of Indo National

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Indo National

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +14313217216816912112812297119120106107
Expenses +13913016415515113112713399117116113125
Operating Profit5281318-101-11-234-7-18
OPM %3%2%4%8%10%-8%1%-9%-2%2%3%-6%-17%
Other Income +223331823232222
Interest334333-0011111
Depreciation5444553333333
Profit before tax-1-328121642-12-312-8-20
Tax %102%5%-42%28%26%20%-15%-3%-103%10%27%-7%2%
Net Profit +-2-33691322-12011-8-21
EPS in Rs-3.47-0.715.734.593.20178.122.89-16.090.111.361.84-10.45-27.88

Financials of Indo National

Profit & Loss

Annual income statement trend

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +361377394443508532570572641467452
Expenses +337346352402447475544557600490471
Operating Profit243142416157261541-22-18
OPM %7%8%11%9%12%11%5%3%6%-5%-4%
Other Income +18151517-1318195101908
Interest65512171311111433
Depreciation8891112131317181313
Profit before tax28334335185021-819151-26
Tax %53%36%29%25%43%35%36%-0%25%19%2%
Net Profit +13213127103313-815122-27
EPS in Rs18.8925.5729.7924.561.8840.5110.59-7.5912.83165.01-35.12
Dividend Payout %66%49%34%41%133%31%47%-66%39%3%-11%

Financials of Indo National

Balance Sheet

Capital structure and asset base

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital44444444444
Reserves172198209219211238236228232434299
Borrowings +5849651131211231241321405334
Other Liabilities +777815214616114814715122323094
Total Liabilities311329431481496513511515599721431
Fixed Assets +134158163182188182215226254223170
CWIP121451124246
Investments0000000009661
Other Assets +177169254295307330294284343398193
Total Assets311329431481496513511515599721431

Financials of Indo National

Cash Flows

Operating, investing and financing cash movement

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +374438-191011353644-5640
Cash from Investing Activity +-21-20-12-715-35-28-388017
Cash from Financing Activity +-11-30-1829-9-10-20-9-9-19-58
Net Cash Flow5-68225-20-1-46-1
Free Cash Flow161111-40-41-1060-9714
CFO/OP188%182%118%-15%27%37%160%270%116%90%-226%

Financials of Indo National

Ratios

Working capital efficiency and return ratios

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8182116113831036180767047
Inventory Days72827985111107124889514780
Days Payable2941927787776369728149
Cash Conversion Cycle124124103120107133122999913678
Working Capital Days5053133340735838369773
ROCE %16%18%15%18%16%7%1%8%33%-5%

Others in Household Products this season

  • Flair Writing (Q2 FY27)

    Q2 FY27 revenue from operations: ₹340.1 Cr, up 6.0% YoY (Page 10) . Key investor presentation takeaways from Flair Writing Industries Ltd's Q2 FY27 investor pre

  • DOMS Industries (Q2 FY27)

    Q2 FY27 Gross Product Sales: ₹ 667.8 Cr, up 17.6% YoY from ₹ 567.9 Cr in Q2 FY26 (Page 6, 8) . Key investor presentation takeaways from DOMS Industries Ltd's Q2

  • Eveready Industries India (Q2 FY27)

    Q2 FY27 revenue: INR 428.2 crore, up 10.7% YoY from INR 386.8 crore in Q2 FY26 (Page 12) . Key investor presentation takeaways from Eveready Industries India Lt

  • DOMS Industries (Q1 FY27)

    Reynolds brand acquisition to contribute around 10% of overall revenue by FY29, operating as a parallel brand, mainly substituting existing capacity. Key…