Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · INDO-NATIONAL LIMITED · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
INDO-NATIONAL LIMITED
NSE: NIPPOBATRY · BSE: 504058
NSE: NIPPOBATRY · BSE: 504058
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Household Products › Household Products
INDO-NATIONAL LIMITED
StateQ1 FY27 filed
Last close · 8 Oct 2026₹310.60
Market cap₹0.2k cr
TTM P/E · P/B · EV/EBITDA— · 0.76 · —
INDO-NATIONAL LIMITED is a Household Products company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 570 | 572 | 641 | 467 | 452 |
| EBITDA (ex other income) | 26 | 15 | 41 | (22) | (18) |
| margin % | 4.6 | 2.6 | 6.4 | (4.8) | (4.0) |
| Owners' profit | 8 | (6) | 10 | 124 | (26) |
| EPS, as reported (₹) | 10.59 | (7.59) | 12.83 | 165.02 | (35.12) |
| ROE % · ROCE % | 4.7 · 9.2 | (3.1) · 1.0 | 5.4 · 9.1 | 25.9 · 29.0 | (8.7) · (7.1) |
| Debt / equity (x) | 0.45 | 0.50 | 0.51 | 0.11 | 0.11 |
| Cash from operations | 35 | 36 | 44 | (56) | 40 |
| Capex | (52) | (31) | (45) | (42) | (28) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · INDO-NATIONAL LIMITED · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 128 | 122 | 97 | 119 | 239 | 106 | 107 | 116 |
| Profit before tax | 2 | (12) | (3) | 1 | 3 | (8) | (20) | (3) |
| Net profit | 2 | (12) | 0 | 1 | 2 | (8) | (21) | 2 |
| EPS (₹) | 2.89 | (16.09) | 0.11 | 1.37 | 3.21 | (10.46) | (27.87) | 2.85 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| consumer goods | 451 | 78.9 |
| airpurifier | 1 | 0.3 |
| Consumer Goods | 119 | 20.9 |
| Total, before eliminations | 572 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JYOTHY LABS LIMITED | 6,885 | 18.6 | 3.36 | 12.4 | 18.1 | 22.4 | 10.7 | 18.5 |
| EVEREADY INDS. IND. LTD. | 2,355 | 13.2 | 3.78 | 11.7 | 27.5 | 21.4 | 3.1 | 15.1 |
| HIGH ENERGY BATTERIES (INDIA) | 493 | 32.0 | 4.42 | — | 13.8 | 18.0 | — | 37.3 |
| INDO-NATIONAL LIMITED ◆ | 233 | — | 0.76 | — | (8.7) | (7.8) | (3.2) | 0.9 |
| PANASONIC ENERGY INDIA COMPANY | 182 | 52.1 | 1.76 | — | 3.4 | 5.2 | — | 5.9 |
| PEE CEE COSMA SOPE LTD. | 123 | 15.0 | 2.19 | 9.2 | 14.8 | 19.7 | — | 4.0 |
| YUVRAAJ HYGIENE PRODUCTS LTD. | 83 | 18.3 | 18.54 | — | 74.0 | 21.6 | — | 16.1 |
| AMBICA AGAR & AROMAINDLTD | 40 | 11.8 | 0.36 | — | 3.1 | 2.4 | — | 20.9 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.8 | 2.8 | 2 of 10 | 89% |
| ROCE | (7.8) | 11.6 | 9 of 10 | 11% |
| ROE | (8.7) | 8.6 | 8 of 10 | 22% |
| Debt / Equity | 0.1 | 0.1 | 6 of 10 | 44% |
| EBITDA margin | 0.9 | 10.5 | 9 of 10 | 11% |
| Revenue growth | (2.8) | 7.1 | 8 of 10 | 22% |
| Profit growth | 96.1 | 34.8 | 3 of 10 | 78% |
| Market cap | 233 | 152 | 4 of 10 | 67% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · INDO-NATIONAL LIMITED · 9 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Indo-National invests Rs 3.91 cr in Axial Aero, stake rises to 7.97% | strategic transactions | medium | — | — |
| 5 Oct 2026 · Indo-National buys additional 0.79% in Medcuore Medical for Rs 49.9 lakh | strategic transactions | medium | — | — |
| 29 Sept 2026 · Voting results: All 5 resolutions passed at 53rd AGM, dividend of Rs 3.75 per share declared | compliance | minimal | — | — |
| 28 Sept 2026 · Proceedings of 53rd AGM held on Monday, 28th September, 2026 at 03.00 p.m. | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Trading Window Closure for Q2 Financial Results | compliance | minimal | — | — |
| 17 Sept 2026 · Indo-National invests Rs 3.90 Cr more in Axial Aero, stake to reach 7.97% | strategic transactions | medium | — | — |
| 11 Sept 2026 · Indo-National invests additional Rs 25 lakh in Medcuore Medical, stake rises to 62.28% | strategic transactions | medium | — | — |
| 4 Sept 2026 · Indo National publishes 53rd AGM notice, meeting on Sep 28, 2026 via video conferencing | compliance | minimal | — | — |
| 4 Sept 2026 · Letter to shareholders for accessing FY 2025-26 Annual Report | compliance | minimal | — | — |
| 4 Sept 2026 · 53rd AGM on Sep 28, 2026 via VC; Rs.3.75 dividend proposed | board shareholder meetings | low | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in