Indo-National Limited
Indo National Limited manufactures and distributes dry cell batteries, rechargeable batteries, flashlights, and general lighting products in India. It offers alkaline and zinc batteries; battery operated and rechargeable torches; LED lighting, including battens, spotlight, down and panel light, rechargeable bulbs, and regular bulbs. The company also provides spike guards and flex boxes; mosquito … Read more
Indo-National Limited (NIPPOBATRY) - Net Assets
Latest net assets as of September 2025: ₹4.00 Billion INR
Based on the latest financial reports, Indo-National Limited (NIPPOBATRY) has net assets worth ₹4.00 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹5.69 Billion) and total liabilities (₹1.69 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹4.00 Billion |
| % of Total Assets | 70.35% |
| Annual Growth Rate | 7.83% |
| 5-Year Change | 72.72% |
| 10-Year Change | 173.24% |
| Growth Volatility | 1748.28 |
Indo-National Limited - Net Assets Trend (2006–2025)
This chart illustrates how Indo-National Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Indo-National Limited (2006–2025)
The table below shows the annual net assets of Indo-National Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹4.71 Billion | +72.20% |
| 2024-03-31 | ₹2.73 Billion | +4.41% |
| 2023-03-31 | ₹2.62 Billion | -5.00% |
| 2022-03-31 | ₹2.76 Billion | +1.12% |
| 2021-03-31 | ₹2.73 Billion | +11.24% |
| 2020-03-31 | ₹2.45 Billion | +0.22% |
| 2019-03-31 | ₹2.45 Billion | +7.54% |
| 2018-03-31 | ₹2.27 Billion | +9.51% |
| 2017-03-31 | ₹2.08 Billion | +20.48% |
| 2016-03-31 | ₹1.72 Billion | +6.59% |
| 2015-03-31 | ₹1.62 Billion | +10.88% |
| 2014-03-31 | ₹1.46 Billion | +2.77% |
| 2013-03-31 | ₹1.42 Billion | -0.34% |
| 2012-03-31 | ₹1.42 Billion | +1499.62% |
| 2011-03-31 | ₹-101.73 Million | -7627.71% |
| 2010-03-31 | ₹1.35 Million | +6.08% |
| 2009-03-31 | ₹1.27 Million | +6.04% |
| 2008-03-31 | ₹1.20 Million | +6.41% |
| 2007-03-31 | ₹1.13 Million | -99.90% |
| 2006-03-31 | ₹1.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indo-National Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 213722800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹2.14 Billion | 48.78% |
| Common Stock | ₹37.50 Million | 0.86% |
| Other Comprehensive Income | ₹-11.55 Million | -0.26% |
| Other Components | ₹2.22 Billion | 50.63% |
| Total Equity | ₹4.38 Billion | 100.00% |
Indo-National Limited Competitors by Market Cap
The table below lists competitors of Indo-National Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Borneo Olah Sarana Sukses PT
JK:BOSS
|
$2.95 Million |
|
Ev Dynamics (Holdings) Limited
PINK:CHDHF
|
$2.95 Million |
|
Storebrand Global Plus A5
CO:STIGP
|
$2.95 Million |
|
DSS Inc
NYSE MKT:DSS
|
$2.95 Million |
|
The Detroit Legal News Company
PINK:DTRL
|
$2.95 Million |
|
M3 Mining Ltd
AU:M3M
|
$2.95 Million |
|
TESGAS S.A.
WAR:TSG
|
$2.95 Million |
|
MapsPeople A/S
CO:MAPS
|
$2.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indo-National Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,361,810,000 to 4,381,679,000, a change of 2,019,869,000 (85.5%).
- Net income of 1,237,626,000 contributed positively to equity growth.
- Dividend payments of 37,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,335,861,000.
- Other factors increased equity by 3,155,604,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.24 Billion | +28.25% |
| Dividends Paid | ₹37.50 Million | -0.86% |
| Other Comprehensive Income | ₹-2.34 Billion | -53.31% |
| Other Changes | ₹3.16 Billion | +72.02% |
| Total Change | ₹- | 85.52% |
Book Value vs Market Value Analysis
This analysis compares Indo-National Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.87x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹149.82 | ₹280.25 | x |
| 2007-03-31 | ₹0.15 | ₹280.25 | x |
| 2008-03-31 | ₹0.16 | ₹280.25 | x |
| 2009-03-31 | ₹0.17 | ₹280.25 | x |
| 2010-03-31 | ₹0.18 | ₹280.25 | x |
| 2011-03-31 | ₹0.19 | ₹280.25 | x |
| 2012-03-31 | ₹189.84 | ₹280.25 | x |
| 2013-03-31 | ₹189.19 | ₹280.25 | x |
| 2014-03-31 | ₹194.44 | ₹280.25 | x |
| 2015-03-31 | ₹215.59 | ₹280.25 | x |
| 2016-03-31 | ₹233.92 | ₹280.25 | x |
| 2017-03-31 | ₹269.56 | ₹280.25 | x |
| 2018-03-31 | ₹284.32 | ₹280.25 | x |
| 2019-03-31 | ₹296.62 | ₹280.25 | x |
| 2020-03-31 | ₹285.72 | ₹280.25 | x |
| 2021-03-31 | ₹322.66 | ₹280.25 | x |
| 2022-03-31 | ₹320.26 | ₹280.25 | x |
| 2023-03-31 | ₹308.64 | ₹280.25 | x |
| 2024-03-31 | ₹314.91 | ₹280.25 | x |
| 2025-03-31 | ₹584.22 | ₹280.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indo-National Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.25%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.48%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.65x
- Recent ROE (28.25%) is above the historical average (9.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.12% | 3.96% | 1.24x | 1.85x | ₹-9.86 Million |
| 2007 | 5.33% | 1.77% | 1.57x | 1.92x | ₹-52.72K |
| 2008 | 13.33% | 5.05% | 1.90x | 1.39x | ₹39.96K |
| 2009 | 12.59% | 5.21% | 1.69x | 1.43x | ₹32.95K |
| 2010 | 12.23% | 4.89% | 1.77x | 1.41x | ₹30.08K |
| 2011 | 10.37% | 0.00% | -179.07x | 1.37x | ₹5.25K |
| 2012 | 5.92% | 2.74% | 1.63x | 1.32x | ₹-58.07 Million |
| 2013 | 2.75% | 1.28% | 1.66x | 1.30x | ₹-102.92 Million |
| 2014 | 8.72% | 4.04% | 1.49x | 1.44x | ₹-18.71 Million |
| 2015 | 17.89% | 9.39% | 1.42x | 1.34x | ₹127.52 Million |
| 2016 | 8.08% | 3.92% | 1.16x | 1.77x | ₹-33.74 Million |
| 2017 | 9.49% | 5.08% | 1.15x | 1.63x | ₹-10.39 Million |
| 2018 | 10.48% | 5.67% | 0.92x | 2.02x | ₹10.17 Million |
| 2019 | 8.28% | 4.16% | 0.92x | 2.15x | ₹-38.23 Million |
| 2020 | 0.66% | 0.28% | 1.02x | 2.32x | ₹-200.24 Million |
| 2021 | 12.55% | 5.71% | 1.04x | 2.12x | ₹61.77 Million |
| 2022 | 3.31% | 1.39% | 1.11x | 2.13x | ₹-160.75 Million |
| 2023 | -2.46% | -1.00% | 1.11x | 2.22x | ₹-288.41 Million |
| 2024 | 4.07% | 1.50% | 1.07x | 2.54x | ₹-139.99 Million |
| 2025 | 28.25% | 26.48% | 0.65x | 1.65x | ₹799.46 Million |
Industry Comparison
This section compares Indo-National Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $8,990,537,538
- Average return on equity (ROE) among peers: 13.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indo-National Limited (NIPPOBATRY) | ₹4.00 Billion | 9.12% | 0.42x | $2.95 Million |
| Aartech Solonics Limited (AARTECH) | $246.68 Million | -0.79% | 0.21x | $4.50K |
| Apar Industries Limited (APARINDS) | $6.28 Billion | 17.42% | 4.19x | $1.83 Billion |
| Amara Raja Batteries Limited (ARE&M) | $67.99 Billion | 13.74% | 0.32x | $928.91 Million |
| Bharat Bijlee Limited (BBL) | $6.51 Billion | 2.21% | 0.60x | $216.37 Million |
| CG Power and Industrial Solutions Limited (CGPOWER) | $-842.90 Million | 0.00% | 0.00x | $5.60 Billion |
| CMI Limited (CMICABLES) | $1.75 Billion | 60.44% | 0.92x | $725.46K |
| Cords Cable Industries Limited (CORDSCABLE) | $865.72 Million | 4.84% | 1.48x | $10.04 Million |
| De Nora India Limited (DENORA) | $392.64 Million | 10.83% | 0.24x | $18.07 Million |
| Dynamic Cables Limited (DYCL) | $1.77 Billion | 17.48% | 1.27x | $46.07 Million |
| Elin Electronics Limited (ELIN) | $4.93 Billion | 5.44% | 0.49x | $33.83 Million |