| ₹ 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 |
|---|
| 220 | — | — | — | — | 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 | ||
| 254 | — | — | — | — | ||
| 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 | — | — | — | — | 220.4 | |
| - 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 | — | — | — | — | 254.0 | |
| 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 30 October 2026 close · figures from the company's filings with NSE
Indo-National (NSE: NIPPOBATRY) had a market capitalisation of ₹224 crore at the 30 October 2026 close (₹298.00 a share) and a price-to-book ratio of 0.74. 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 30 October 2026 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 ₹224 crore at ₹298.00 a share.
Indo-National's price-to-book (PB) ratio is 0.74 at the 30 October 2026 close: a market capitalisation of ₹224 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 ₹298.00.
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 30 October 2026 close was ₹298.00.
Indo-National's market capitalisation was ₹224 crore at the 30 October 2026 close: 75 lakh shares at ₹298.00 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 ₹224 crore at the 30 October 2026 close.
Indo-National's dividend yield is 1.26% at the 30 October 2026 close: dividends of ₹3.75 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹298.00. 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%.
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.
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 (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.
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%). At the 30 October 2026 close, Indo-National's market capitalisation was ₹224 crore against ₹39.4 crore for Ambica Agarbathies & Aroma industries.
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, and NSE prices (the latest used here: the 30 October 2026 close). 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.