| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 116 | 119 | −2.8% |
| EBITDA | 0.1 | 2.8 | −95.6% |
| EBITDA margin | 0.1% | 2.3% | −2.2 pts |
| Profit before tax | −3.2 | 1.2 | — |
| Net profit | 2.0 | 1.0 | +96.1% |
| EPS | ₹2.85 | ₹1.37 | +108.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 228 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 5.8 | 5.8 | 6.9 | 0.9 | 5.1 | ||
| 5.0 | 5.0 | 32.7 | 37.3 | 30.4 | ||
| 34.4 | 34.4 | 53.1 | 140 | 132 | ||
| 262 | — | — | — | — | ||
| 449 | 452 | 467 | 641 | 572 | ||
| — | −3.2% | −27.0% | +12.0% | — | ||
| −20.8 | −18.2 | −22.3 | 40.7 | 14.6 | ||
| −4.6% | −4.0% | −4.8% | 6.4% | 2.6% | ||
| −34.1 | −31.3 | −35.5 | 23.1 | −2.3 | ||
| −25.7 | −26.7 | 122 | 14.6 | −8.0 | ||
| −5.7% | −5.9% | 26.1% | 2.3% | −1.4% | ||
| −₹33.64 | −₹35.12 | ₹165.02 | ₹12.83 | −₹7.59 | ||
| — | −121.3% | +1,186.6% | +269.0% | — | ||
| — | 40.4 | −55.8 | 43.6 | 35.9 | ||
| — | −28.0 | −41.7 | −44.7 | −30.9 | ||
| 12.3 | 12.3 | −97.4 | −1.2 | 5.1 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 228.3 | |
| - Cash, Equiv & ST Investments | 5.1 | 0.9 | 6.9 | 5.8 | 5.8 | |
| + Minority Interest | 30.4 | 37.3 | 32.7 | 5.0 | 5.0 | |
| + Total Debt | 131.8 | 140.1 | 53.1 | 34.4 | 34.4 | |
| Enterprise Value | — | — | — | — | 261.8 | |
| Revenue | 572.0 | 640.6 | 467.5 | 452.5 | 449.2 | |
| Growth %, YoY | — | +12.0 | -27.0 | -3.2 | — | |
| EBITDA | 14.6 | 40.7 | -22.3 | -18.2 | -20.8 | |
| Margin % | 2.56 | 6.35 | -4.76 | -4.02 | -4.64 | |
| EBIT | -2.3 | 23.1 | -35.5 | -31.3 | -34.1 | |
| Net Income | -8.0 | 14.6 | 121.9 | -26.7 | -25.7 | |
| Margin % | -1.40 | 2.29 | 26.09 | -5.90 | -5.72 | |
| EPS, Adj (current shares) | -7.59 | 12.83 | 165.02 | -35.12 | -33.64 | |
| Growth %, YoY | — | +269.0 | +1,186.6 | -121.3 | — | |
| Cash from Operations | 35.9 | 43.6 | -55.8 | 40.4 | — | |
| Capital Expenditures | -30.9 | -44.7 | -41.7 | -28.0 | — | |
| Free Cash Flow | 5.1 | -1.2 | -97.4 | 12.3 | 12.3 | |
Prices at the previous close · figures from the company's filings with NSE
Indo-National (NSE: NIPPOBATRY) had a market capitalisation of ₹228 crore at the previous close (₹304.35 a share) and a price-to-book ratio of 0.75. In FY26 its consolidated net loss was ₹26.3 crore on revenue of ₹452 crore; in Q1 FY27 (April–June 2026) it was ₹2.1 crore, up 108.5% year on year. Its debt-to-equity ratio was 0.11 on 31 March 2026. Promoters held 65.35% of the shares on 30 September 2026.
Indo-National's PE ratio is not meaningful at the previous close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹25.2 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹228 crore at ₹304.35 a share.
Indo-National's price-to-book (PB) ratio is 0.75 at the previous close: a market capitalisation of ₹228 crore divided by shareholders' equity (book value) of ₹303 crore on 31 March 2026. That is a book value of ₹403.40 per share against a share price of ₹304.35.
Indo-National's book value per share was ₹403.40 on 31 March 2026: shareholders' equity of ₹303 crore divided by the 75 lakh shares in issue, down 31.0% from ₹584.22 a year earlier. The share price at the previous close was ₹304.35.
Indo-National's market capitalisation was ₹228 crore at the previous close: 75 lakh shares at ₹304.35 each.
Indo-National's basic earnings per share (EPS) were −₹35.12 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹33.63.
In 2026, Indo-National has declared one dividend: ₹3.75 with record date 21 September 2026.
No. Indo-National had borrowings of ₹34.4 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.11. Its cash and current investments were ₹6 crore, so its net debt was ₹28.4 crore.
Indo-National's debt-to-equity ratio was 0.11 on 31 March 2026: borrowings of ₹34.4 crore against total equity of ₹308 crore. A year earlier, on 31 March 2025, it was 0.11.
Promoters held 65.35% of Indo-National on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Indo-National's net worth — shareholders' equity in its consolidated balance sheet — was ₹303 crore on 31 March 2026, down 31.0% from ₹438 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹228 crore at the previous close.
Indo-National's dividend yield is 1.23% at the previous close: dividends of ₹3.75 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹304.35. They were ₹3.75 on 21 September 2026.
On 30 September 2026, Indo-National's shares were held by promoters 65.35%, foreign portfolio investors (FII/FPI) 0.00% and retail and other non-institutional investors 34.65%. Over the year, FII holding was unchanged.
In FY26, Indo-National's return on equity (ROE) was −7.1% and its return on capital employed (ROCE) was −7.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 36.7% and ROCE −7.9%.
Indo-National's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹2.1 crore, up 108.5% from ₹1 crore in Q1 FY26; revenue from operations ₹116 crore, down 2.8% year on year.
In FY26, Indo-National earned net profit of ₹26.3 crore on revenue of ₹452 crore, against ₹3.4 crore on ₹141 crore for Ambica Agarbathies & Aroma industries. Indo-National's operating margin was −6.9% (Ambica Agarbathies & Aroma industries 5.6%) and its return on equity −7.1% (Ambica Agarbathies & Aroma industries 3.1%).
In FY26, Indo-National generated ₹40.4 crore of cash from operations and spent ₹28 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹12.3 crore. In FY25 it was −₹97.4 crore.
In FY26 (April 2025–March 2026), Indo-National's consolidated net loss was ₹26.3 crore, against a profit of ₹124 crore in FY25, on revenue from operations of ₹452 crore (down 3.2%).
Indo-National has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Ambica Agarbathies & Aroma industries, Avanti Feeds and Mrs. Bectors Food Specialities: Indo-National's operating margin of −6.9% is the lowest of the four (Ambica Agarbathies & Aroma industries 5.6%, Avanti Feeds 11.3%, Mrs. Bectors Food Specialities 8.2%; peer average 8.4%); its return on equity of −7.1% is the lowest of the four (Ambica Agarbathies & Aroma industries 3.1%, Avanti Feeds 19.9%, Mrs. Bectors Food Specialities 11.6%; peer average 11.5%); its revenue growth over three years of −7.5% a year is the lowest of the four (Ambica Agarbathies & Aroma industries 6.4% a year, Avanti Feeds 6.0% a year, Mrs. Bectors Food Specialities 14.5% a year; peer average 9.0% a year).
From Indo-National's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.