India Nippon Electricals Ltd
India Nippon Electricals Ltd (INDNIPPON)

India Nippon Electricals Ltd (INDNIPPON)

₹428.551.73%

Key Stats

₹428.55
Day's Price Range
₹442.95
₹319.7
52-Week Price Range
₹640.8
1 Month Return2.55 %
3 Month Return10.04 %
1 Year Return20.18 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 172
18.88
EPS
Rank 90
₹22.31
BVPS
Rank 75
₹222.87
Dividend Yield
Rank 64
1.63%
ROE
Rank 327
8.52%
Price To Book Ratio
Rank 152
1.89
Debt To Asset
Rank 464
0.23

Company Information

India Nippon Electricals LtdINEL established in 1985 as a Joint Venture between Lucas Indian Servicesa Wholly Owned Subsidiary of Lucas TVS and Kokusan Denki Co. Ltd Japan a group company of Hitachi Japan is into manufactures vital electronic ignition systems for twowheelers Portable Gensets and three wheelers. The vital electronic ignition parts manufactured by INEL includes Flywheel Magnetos Capacitor Discharge IgnitionCDI units Ignition Coils Integral Units and Regulators/Rectifiers. The company has three manufacturing facilities one each in TamilnaduHosur Pondicherry and HaryanaRewari Dist. The company set up a plant at Pondicherry for producing ignition systems for diesel version of threewheelers. The Pondicherry plant has commenced commercial production in 1998. The company which started with an one cliente has now supplies to all twowheeler threewheeler and Portable Genset manufactureres in India.The company signed an agreement with collaborator Kokusan Denki Company Japan for introducing Digital Ignition on a new vehicle contemplated shortly for introduction by one of the major customer. The companys thrust to RD efforts to design and develop products indeginously start yielding fruits and the contribution of the indigenously designed and developed products to the topline of the company amount to 40.It made an offer to buyback 395600 fully paid up equity shares at a price not exceeding Rs.230/ per equity share. The company has set up new facilities for the manufacture of flywheel magnetos at Rewari Haryana to serve customers in North India. The company made a bonus issue of 3326680 shares at Rs.10 each in the ratio of 7 bonus shares for 10 shares held in the company. The company enhanced the capacity of Contact Breakers to 5260000 No in 200203.
OrganisationIndia Nippon Electricals Ltd
HeadquartersChennai
IndustryAuto Ancillaries