India Nippon Electricals Limited (INDNIPPON) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of India Nippon Electricals Limited ₹483, price ₹1,224, upside -60.5%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹304.81 – ₹1,369 · fair‑value band ₹302.92 – ₹840.16 · the ₹1,224 price screens above the ₹483.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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India Nippon Electricals Limited manufactures and sells electronic ignition systems for the automotive industry in India and internationally.
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India Nippon Electricals Limited manufactures and sells electronic ignition systems for the automotive industry in India and internationally. The company offers AC generator/flywheel magneto products, such as stator and rotor products, as well as CDI and TCI products; regulator and rectifier units; ignition coils; exhaust gas controller and engine controller units; auto choke-generation purpose engines; dual output ignition products; throttle position sensors; and PM alternators. It also provides speed, lever, temperature, linear and rotatory position, differential/absolute, throttle position, steering angle, liquid level, pressure, TPMS, RPAS ultrasonic, and TMAP sensors. In addition, the company offers DC-DC converters, traction motors, and motor controllers; ISG machines and controllers; and EFI ECU products. Its products have applications in two-wheelers, three-wheelers, small gasoline engines, portable gensets, general purpose engines, and non-automotive industries. The company was incorporated in 1984 and is based in Chennai, India. India Nippon Electricals Limited is a subsidiary of Lucas Indian Service Limited.
Stock analysis
India Nippon Electricals Limited (INDNIPPON) currently trades at ₹1,224, while our model-based Fair Value estimate is ₹483.49, 60.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,034 per share, and 1 of the 25 models we run sit above the ₹1,224 price.
Bear case: the Dividend Discount group reads lowest at ₹171.50, and 24 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹302.92 (bear) to ₹840.16 (bull), the price of ₹1,224 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
India Nippon Electricals Limited reported revenue of ₹10.7B in FY2026 versus ₹5.7B in FY2022, a compound +17.2%/yr. Reported net income was ₹1.1B in FY2026, compounding +22.0%/yr from FY2022.
Key figures
Market cap ₹27.7B (≈ $289M) · P/E ratio 24.9 · P/S ratio 2.59 · EPS (TTM) ₹49.15 · Dividend yield 1.3% · Net margin 10.4% · Return on equity 14.5% · Return on assets (EBIT) 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 80% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −32% fair-value upside, at −61%, INDNIPPON screens richer than that median.
Fair Value models
Bear ₹302.92Fair Value ₹483.49Bull ₹840.16
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹16.96 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.3%
Start year 2021 (pandemic). Over 10 years: +12.1% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+24.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.9%
Dividend (yield on the price)1.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.2% vs 16.7%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 9%
2026 sits 88% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare India Nippon Electricals Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 681 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−60.5% · Bottom 25%
Profitability
Return on equity (TTM)14.5% · Top 25%
Return on assets6.3% · Top 25%
Net margin (TTM)10.4% · Top 25%
Operating margin (TTM)14.8% · Top 25%
Growth and dividend
Revenue growth26.6% · Top 25%
Dividend yield (TTM)1.3% · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (TTM)24.9× · Pricier than median
P/B3.37× · Priciest 25%
P/S (TTM)2.59× · Priciest 25%
P/FCF451.1× · Priciest 25%
EV/EBITDA23.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 26
PAST (return on equity)58· sector 28
HEALTH (low debt)100· sector 95
DIVIDEND (yield)25· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is India Nippon Electricals Limited (INDNIPPON) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹483.49 versus a price of ₹1,224, about −61% upside (overvalued).
What is the fair value of INDNIPPON?
Our model-based fair value for India Nippon Electricals Limited is ₹483.49 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹1,224.
What is the quality score of INDNIPPON?
India Nippon Electricals Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for India Nippon Electricals Limited (INDNIPPON)?
Our model-based price target is the fair value of ₹483.49 (as of Sep 27, 2026) from 25 valuation models. Cautious scenario ₹302.92, optimistic scenario ₹840.16. It is a calculation from audited fundamentals, not an analyst target.
What is the India Nippon Electricals Limited stock forecast for 2026?
Our models put fair value at ₹483.49, about −61% upside versus a price of ₹1,224 (overvalued). Cautious scenario ₹302.92, optimistic scenario ₹840.16. The calculation is refreshed regularly with new filings.
What is the revenue of India Nippon Electricals Limited (INDNIPPON)?
India Nippon Electricals Limited reported trailing-twelve-month revenue of about ₹10.7B (latest available figure, as of Sep 27, 2026).
Does India Nippon Electricals Limited pay a dividend?
India Nippon Electricals Limited currently shows a dividend yield of about 1.27% relative to its recent price (as of Sep 27, 2026).
What growth is priced into India Nippon Electricals Limited (INDNIPPON)?
For today's price to be fair in a discounted-cash-flow model, India Nippon Electricals Limited would have to grow free cash flow by more than 80 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of INDNIPPON use?
Our models discount India Nippon Electricals Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.39, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For India Nippon Electricals Limited that is more than 80 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has India Nippon Electricals Limited (INDNIPPON) delivered so far?
Over the past 5 years revenue at India Nippon Electricals Limited grew +17.3 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of India Nippon Electricals Limited (INDNIPPON) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into India Nippon Electricals Limited (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of India Nippon Electricals Limited (INDNIPPON)?
The free-cash-flow yield on the price is 0.22 %: that much free cash flow India Nippon Electricals Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of India Nippon Electricals Limited (INDNIPPON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For India Nippon Electricals Limited it is ₹483.49 per share (as of Sep 27, 2026), against a price of ₹1,224. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is India Nippon Electricals Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, INDNIPPON trades above its calculated fair value: price ₹1,224, fair value ₹483.49, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INDNIPPON?
No. The price is what the market pays today (₹1,224); the fair value is what the company's own numbers justify (₹483.49). For India Nippon Electricals Limited the two are ₹740.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is India Nippon Electricals Limited worth?
The market values India Nippon Electricals Limited at about ₹27.7B (market capitalisation, as of Sep 27, 2026). Per share that is ₹1,224; our models calculate a fair value of ₹483.49 per share.
What do the bullish and bearish scenarios say about INDNIPPON?
Our models span a range for India Nippon Electricals Limited: cautious scenario ₹302.92, base ₹483.49, optimistic ₹840.16 per share (as of Sep 27, 2026, price ₹1,224). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INDNIPPON?
India Nippon Electricals Limited trades at a price-to-earnings ratio of 24.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹483.49 is built from several models across several years. Other multiples: P/B 3.4, P/S 2.6, EV/EBITDA 23.3.
How solid is the balance sheet of India Nippon Electricals Limited (INDNIPPON)?
Balance-sheet figures for India Nippon Electricals Limited (as of Sep 27, 2026): return on equity 14.5%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is INDNIPPON from its 52-week high?
India Nippon Electricals Limited trades at ₹1,224, about 11% below its 52-week high of ₹1,369 and 80% above the low of ₹679.15 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹483.49 is for.
Which stocks are comparable to India Nippon Electricals Limited?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is India Nippon Electricals Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹1,224, calculated fair value ₹483.49 (−61%), Quality Score 58/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INDNIPPON calculated?
We run India Nippon Electricals Limited through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹483.49, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. India Nippon Electricals Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of India Nippon Electricals Limited (INDNIPPON)?
The closing price on Oct 1, 2026 was ₹1,224. Our model-based fair value is ₹483.49, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with India Nippon Electricals Limited right now?
The price sits above even our optimistic bull case (₹840.16). The favourable scenario is already priced in. The model range is unusually wide (₹302.92 to ₹840.16). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of India Nippon Electricals Limited (INDNIPPON) come from?
Earnings per share at India Nippon Electricals Limited grew +14.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +11.1 %, EBIT margin +2.4 %, tax rate +1.3 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of India Nippon Electricals Limited
How large is the market capitalisation of India Nippon Electricals Limited (INDNIPPON)?
The market capitalisation of India Nippon Electricals Limited is ₹27.7B (≈ $289M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of India Nippon Electricals Limited (INDNIPPON)?
The price-to-sales ratio of India Nippon Electricals Limited is 2.59 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of India Nippon Electricals Limited (INDNIPPON)?
Earnings per share at India Nippon Electricals Limited are ₹49.15 (price ÷ EPS = P/E 24.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of India Nippon Electricals Limited (INDNIPPON)?
The dividend yield of India Nippon Electricals Limited is 1.3% (payout 31.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of India Nippon Electricals Limited (INDNIPPON)?
The net margin of India Nippon Electricals Limited is 10.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of India Nippon Electricals Limited (INDNIPPON)?
The return on equity (ROE) of India Nippon Electricals Limited is 14.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of India Nippon Electricals Limited (INDNIPPON)?
On an EBIT basis the return on assets of India Nippon Electricals Limited is 8.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of India Nippon Electricals Limited (INDNIPPON)?
The operating margin of India Nippon Electricals Limited is 14.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at India Nippon Electricals Limited (INDNIPPON)?
Revenue at India Nippon Electricals Limited is growing +26.6% versus a year earlier (3y avg +17.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at India Nippon Electricals Limited (INDNIPPON)?
Earnings per share at India Nippon Electricals Limited are growing +56.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does India Nippon Electricals Limited (INDNIPPON) hold?
India Nippon Electricals Limited holds more cash than debt, ₹43.2M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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