Indo-National Limited (NIPPOBATRY) - Net Assets

Latest as of September 2025: Rs4.00 Billion INR ≈ $43.29 Million USD

Based on the latest financial reports, Indo-National Limited (NIPPOBATRY) has net assets worth Rs4.00 Billion INR (≈ $43.29 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.69 Billion ≈ $61.54 Million USD) and total liabilities (Rs1.69 Billion ≈ $18.25 Million USD). 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. Check how resilient are Indo-National Limited's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs4.00 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. Also explore NIPPOBATRY asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see NIPPOBATRY market cap.

Year Net Assets Change
2025-03-31 Rs4.71 Billion
≈ $50.93 Million		 +72.20%
2024-03-31 Rs2.73 Billion
≈ $29.57 Million		 +4.41%
2023-03-31 Rs2.62 Billion
≈ $28.32 Million		 -5.00%
2022-03-31 Rs2.76 Billion
≈ $29.81 Million		 +1.12%
2021-03-31 Rs2.73 Billion
≈ $29.49 Million		 +11.24%
2020-03-31 Rs2.45 Billion
≈ $26.50 Million		 +0.22%
2019-03-31 Rs2.45 Billion
≈ $26.45 Million		 +7.54%
2018-03-31 Rs2.27 Billion
≈ $24.59 Million		 +9.51%
2017-03-31 Rs2.08 Billion
≈ $22.46 Million		 +20.48%
2016-03-31 Rs1.72 Billion
≈ $18.64 Million		 +6.59%
2015-03-31 Rs1.62 Billion
≈ $17.49 Million		 +10.88%
2014-03-31 Rs1.46 Billion
≈ $15.77 Million		 +2.77%
2013-03-31 Rs1.42 Billion
≈ $15.35 Million		 -0.34%
2012-03-31 Rs1.42 Billion
≈ $15.40 Million		 +1499.62%
2011-03-31 Rs-101.73 Million
≈ $-1.10 Million		 -7627.71%
2010-03-31 Rs1.35 Million
≈ $14.61K		 +6.08%
2009-03-31 Rs1.27 Million
≈ $13.78K		 +6.04%
2008-03-31 Rs1.20 Million
≈ $12.99K		 +6.41%
2007-03-31 Rs1.13 Million
≈ $12.21K		 -99.90%
2006-03-31 Rs1.12 Billion
≈ $12.15 Million		 --

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 Rs2.14 Billion 48.78%
Common Stock Rs37.50 Million 0.86%
Other Comprehensive Income Rs-11.55 Million -0.26%
Other Components Rs2.22 Billion 50.63%
Total Equity Rs4.38 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
Q Capital Partners Co. Ltd
KQ:016600
 $27.06 Million
Enra Group Bhd
KLSE:8613
 $27.06 Million
Rein Therapeutics Inc
NASDAQ:RNTX
 $27.07 Million
Hitech Group Australia Ltd
AU:HIT
 $27.09 Million
Alankit Limited
NSE:ALANKIT
 $27.04 Million
Falcon Power Co Ltd
TW:1516
 $27.04 Million
Comms Group Ltd
AU:CCG
 $27.04 Million
Next Hydrogen Solutions Inc.
V:NXH
 $27.03 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 Rs1.24 Billion +28.25%
Dividends Paid Rs37.50 Million -0.86%
Other Comprehensive Income Rs-2.34 Billion -53.31%
Other Changes Rs3.16 Billion +72.02%
Total Change Rs- 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: 0.57x
  • 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 2.23x to 0.57x 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 Rs149.82 Rs333.60 x
2007-03-31 Rs0.15 Rs333.60 x
2008-03-31 Rs0.16 Rs333.60 x
2009-03-31 Rs0.17 Rs333.60 x
2010-03-31 Rs0.18 Rs333.60 x
2011-03-31 Rs0.19 Rs333.60 x
2012-03-31 Rs189.84 Rs333.60 x
2013-03-31 Rs189.19 Rs333.60 x
2014-03-31 Rs194.44 Rs333.60 x
2015-03-31 Rs215.59 Rs333.60 x
2016-03-31 Rs233.92 Rs333.60 x
2017-03-31 Rs269.56 Rs333.60 x
2018-03-31 Rs284.32 Rs333.60 x
2019-03-31 Rs296.62 Rs333.60 x
2020-03-31 Rs285.72 Rs333.60 x
2021-03-31 Rs322.66 Rs333.60 x
2022-03-31 Rs320.26 Rs333.60 x
2023-03-31 Rs308.64 Rs333.60 x
2024-03-31 Rs314.91 Rs333.60 x
2025-03-31 Rs584.22 Rs333.60 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 Rs-9.86 Million
2007 5.33% 1.77% 1.57x 1.92x Rs-52.72K
2008 13.33% 5.05% 1.90x 1.39x Rs39.96K
2009 12.59% 5.21% 1.69x 1.43x Rs32.95K
2010 12.23% 4.89% 1.77x 1.41x Rs30.08K
2011 10.37% 0.00% -179.07x 1.37x Rs5.25K
2012 5.92% 2.74% 1.63x 1.32x Rs-58.07 Million
2013 2.75% 1.28% 1.66x 1.30x Rs-102.92 Million
2014 8.72% 4.04% 1.49x 1.44x Rs-18.71 Million
2015 17.89% 9.39% 1.42x 1.34x Rs127.52 Million
2016 8.08% 3.92% 1.16x 1.77x Rs-33.74 Million
2017 9.49% 5.08% 1.15x 1.63x Rs-10.39 Million
2018 10.48% 5.67% 0.92x 2.02x Rs10.17 Million
2019 8.28% 4.16% 0.92x 2.15x Rs-38.23 Million
2020 0.66% 0.28% 1.02x 2.32x Rs-200.24 Million
2021 12.55% 5.71% 1.04x 2.12x Rs61.77 Million
2022 3.31% 1.39% 1.11x 2.13x Rs-160.75 Million
2023 -2.46% -1.00% 1.11x 2.22x Rs-288.41 Million
2024 4.07% 1.50% 1.07x 2.54x Rs-139.99 Million
2025 28.25% 26.48% 0.65x 1.65x Rs799.46 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: $7,679,177,378
  • Average return on equity (ROE) among peers: 8.08%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Indo-National Limited (NIPPOBATRY) Rs4.00 Billion 9.12% 0.42x $27.06 Million
Apar Industries Limited (APARINDS) $2.88 Billion -1.23% 5.59x $5.36 Billion
Amara Raja Batteries Limited (ARE&M) $13.63 Billion 26.96% 0.46x $1.73 Billion
Bharat Bijlee Limited (BBL) $6.91 Billion 8.82% 0.61x $378.55 Million
CG Power and Industrial Solutions Limited (CGPOWER) $41.11 Billion -11.94% 1.48x $13.85 Billion
Cords Cable Industries Limited (CORDSCABLE) $1.46 Billion 2.99% 1.02x $25.10 Million
De Nora India Limited (DENORA) $392.64 Million 10.83% 0.24x $49.12 Million
Dynamic Cables Limited (DYCL) $270.46 Million 25.13% 4.97x $194.13 Million
Elin Electronics Limited (ELIN) $1.99 Billion 14.61% 1.00x $65.09 Million
Eveready Industries India Limited (EVEREADY) $5.93 Billion 2.29% 0.87x $263.38 Million
Exicom Tele-Systems Limited (EXICOM) $2.22 Billion 2.32% 1.72x $173.57 Million

About Indo-National Limited

NSE:NIPPOBATRY India Electrical Equipment & Parts
Market Cap
$27.06 Million
Rs2.50 Billion INR
Market Cap Rank
#24047 Global
#1331 in India
Share Price
Rs333.60
Change (1 day)
+4.69%
52-Week Range
Rs259.25 - Rs526.05
All Time High
Rs822.80
Categories
Companies in India Electrical Equipment & Parts
About

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