About Indobell
Indobell is a publicly listed company based in India founded in 2007. Thermal insulation products and systems are manufactured and installed. The company has 91 employees. Its Indian entity Indobell Insulations Ltd reported revenue of ₹17.17 Cr. Indobell offers products and services including Granulated Rockwool and Spray Insulation.
Company details
Indobell was founded in 2007 in India within the thermal insulation sector. Products including granulated rockwool, spray insulation, LRB mattress, and ceramic fiber blankets are produced. Services encompass consultancy, engineering, fabrication, material supply, installation supervision, global logistics, and project management. Operations emphasize energy-efficient solutions for diverse applications, with safety integrated throughout processes.
- Headquarters India
- Employees 91
- Stage Public
- Website indobell.com
- Legal Name Indobell Insulations Limited
- Market Cap₹41.01 Cr
INDOBELL · BSE
- Share Price₹62.05
-4.69% today
- Revenue₹15.58 Cr
FY 2025-26 · -39.5% YoY
- EBITDA−₹0.11 Cr
Margin -0.7%
- Net Profit₹0.77 Cr
FY 2025-26 · -64.8% YoY
- P/E (TTM)49.8x
P/B 2.4x
- ROE5.0%
ROCE 6.7%
- Debt / Equity0.11
Interest cover -47.4x
- Employee Count91
Associated legal entities of Indobell
Indobell operates through Indobell Insulations Ltd, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indobell Insulations Ltd Listed CIN L26102WB1972PLC028352 | Active | 12 May 1972 | Kolkata, West Bengal | ₹17.2 Cr | 91 | 9 | View details |
Products & Services of Indobell
Indobell offers a comprehensive portfolio of products and services, including Granulated Rockwool and Spray Insulation.
Granulated rockwool is produced for thermal insulation purposes to prevent heat loss in industrial settings
Spray insulation is applied to surfaces for protecting power-generating units from heat loss through a chemical process involving mineral wool and binders
Board of directors of Indobell Insulations Ltd (Indobell)
Indobell Insulations Ltd is the primary company behind Indobell. The board of Indobell Insulations Ltd currently have 6 directors; the longest-serving is Vijay Burman, appointed in 1972. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Burman DIN 00591075 | Managing Director | 12 May 1972 | 54 yrs 5 mo | Indobell Insulations Ltd |
| Man Mohan Burman DIN 00591026 | Director | 20 May 1988 | 38 yrs 5 mo | Indobell Insulations Ltd |
| Avinash Singh DIN 00620908 | Director | 01 Aug 2012 | 14 yrs 2 mo | Indobell Insulations Ltd |
| Megha Burman DIN 06361777 | Director | 01 Aug 2012 | 14 yrs 2 mo | Indobell Insulations Ltd |
| Sudeep Sanyal DIN 10287658 | Director | 30 Oct 2023 | 2 yrs 11 mo | Indobell Insulations Ltd |
| Anjana Dikshit DIN 10377490 | Director | 24 Jun 2024 | 2 yrs 4 mo | Indobell Insulations Ltd |
IPO & Listings of Indobell
Indobell is a publicly listed company on the BSE with ticker symbol INDOBELL in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date13 Jan 2025
- Listed onBSE: 544334
- Listed entityIndobell Insulations Limited
- Exchange sectorNon-energy minerals
- ISININE0FK501019
- Share price₹65.01 (+4.99% on the day) · 2026-10-14
- Volume (last session)8,250
Financials of Indobell
Exchange-reported figures of Indobell Insulations Ltd, the listed company behind Indobell (BSE: INDOBELL).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 15.58 | 25.73 | 17.88 | 20.77 | 9.61 |
| Revenue growth | -39.5% | +43.9% | -13.9% | +116.1% | - |
| EBITDA | (0.11) | 2.88 | 2.06 | 1.86 | 0.83 |
| EBITDA margin | -0.7% | +11.2% | +11.5% | +9.0% | +8.6% |
| Profit before tax | 1.03 | 3.03 | 1.38 | 1.20 | 0.21 |
| Net profit | 0.77 | 2.19 | 1.02 | 0.88 | 0.16 |
| Net profit margin | +4.9% | +8.5% | +5.7% | +4.2% | +1.7% |
| EPS (₹) | 1.28 | 3.47 | 2.52 | 13.19 | 2.25 |
| Balance sheet | |||||
| Total assets | 17.70 | 18.19 | 10.94 | 8.97 | 10.06 |
| Net worth | 16.22 | 15.46 | 5.68 | 4.72 | 3.89 |
| Total debt | 0.94 | 2.52 | 5.27 | 4.25 | 6.13 |
| Cash & bank | 2.21 | 1.97 | 0.84 | 0.73 | 0.65 |
| Net working capital | 12.80 | 14.46 | 7.29 | 5.74 | 7.18 |
| Cash flow | |||||
| Cash from operations | 4.50 | (4.32) | 0.25 | 3.13 | (2.82) |
| Cash from investing | (1.34) | (0.22) | (0.56) | (0.55) | (0.07) |
| Cash from financing | (2.92) | 5.66 | 0.43 | (2.50) | 3.27 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 15.58 | 25.73 | 17.88 | 20.77 | 9.61 |
| Revenue growth | -39.5% | +43.9% | -13.9% | +116.1% | - |
| Other income | 1.59 | 0.77 | 0.10 | 0.29 | 0.16 |
| Total expenses | 15.69 | 22.85 | 15.82 | 18.91 | 8.78 |
| Employee cost | 3.06 | 2.93 | 2.40 | 1.84 | 1.75 |
| EBITDA | (0.11) | 2.88 | 2.06 | 1.86 | 0.83 |
| EBITDA margin | -0.7% | +11.2% | +11.5% | +9.0% | +8.6% |
| Depreciation | 0.27 | 0.22 | 0.27 | 0.26 | 0.26 |
| Interest | 0.18 | 0.40 | 0.51 | 0.69 | 0.52 |
| Profit before tax | 1.03 | 3.03 | 1.38 | 1.20 | 0.21 |
| Tax | 0.24 | 0.84 | 0.36 | 0.32 | 0.05 |
| Net profit | 0.77 | 2.19 | 1.02 | 0.88 | 0.16 |
| Net profit margin | +4.9% | +8.5% | +5.7% | +4.2% | +1.7% |
| EPS (₹) | 1.28 | 3.47 | 2.52 | 13.19 | 2.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 6.30 | 6.30 | 4.10 | 0.68 | 0.68 |
| Reserves & surplus | 9.92 | 9.16 | 1.58 | 4.04 | 3.21 |
| Shareholders' funds (net worth) | 16.22 | 15.46 | 5.68 | 4.72 | 3.89 |
| Secured loans | 0.94 | 2.52 | 4.35 | 3.21 | 4.87 |
| Unsecured loans | 0.00 | 0.00 | 0.92 | 1.04 | 1.26 |
| Total debt | 0.94 | 2.52 | 5.27 | 4.25 | 6.13 |
| Total liabilities | 17.70 | 18.19 | 10.94 | 8.97 | 10.06 |
| Assets | |||||
| Gross block | 5.26 | 4.21 | 4.11 | 2.04 | 2.04 |
| Net block | 2.61 | 1.77 | 1.89 | 2.04 | 2.04 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.17 | 0.17 | 0.17 | 0.14 | 0.07 |
| Inventories | 4.64 | 2.55 | 2.54 | 2.83 | 5.01 |
| Sundry debtors | 4.52 | 14.23 | 6.59 | 3.85 | 2.56 |
| Cash & bank balances | 2.21 | 1.97 | 0.84 | 0.73 | 0.65 |
| Loans & advances | 3.62 | 3.07 | 1.67 | 1.68 | 3.79 |
| Total current assets | 14.99 | 21.82 | 11.64 | 9.09 | 12.01 |
| Total current liabilities | 2.19 | 7.36 | 4.35 | 3.35 | 4.83 |
| Net working capital | 12.80 | 14.46 | 7.29 | 5.74 | 7.18 |
| Total assets | 17.70 | 18.19 | 10.94 | 8.97 | 10.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 1.97 | 0.84 | 0.73 | 0.65 | 0.27 |
| Net cash from operating activities | 4.50 | (4.32) | 0.25 | 3.13 | (2.82) |
| Net cash from investing activities | (1.34) | (0.22) | (0.56) | (0.55) | (0.07) |
| Net cash from financing activities | (2.92) | 5.66 | 0.43 | (2.50) | 3.27 |
| Net change in cash | 0.24 | 1.12 | 0.11 | 0.08 | 0.38 |
| Closing cash | 2.21 | 1.97 | 0.84 | 0.73 | 0.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | -39.5% | +43.9% | -13.9% | +116.1% | - |
| EBITDA growth | -103.8% | +39.8% | +10.8% | +124.1% | - |
| PBT growth | -66.0% | +119.6% | +15.0% | +471.4% | +9997.0% |
| Net income growth | -64.8% | +114.7% | +15.9% | +450.0% | - |
| Revenue CAGR (3Y) | -9.1% | +38.9% | - | - | - |
| EBITDA CAGR (3Y) | - | +51.4% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +5.1% | +8.5% | +5.7% | +4.2% | +1.7% |
| Return on capital employed | +6.7% | +23.5% | +19.1% | +20.1% | +7.2% |
| Return on net worth | +5.1% | +20.7% | +19.8% | +20.9% | +3.9% |
| Debt / equity | 0.11 | 0.37 | 0.91 | 1.20 | 1.57 |
| Long-term debt / equity | 0.02 | 0.04 | 0.19 | 0.27 | 0.33 |
| Interest cover | -47.37 | 15.04 | 28.49 | 43.13 | 91.23 |
| Efficiency & per share | |||||
| Fixed asset turnover | 3.29 | 6.19 | 5.81 | 10.18 | 4.71 |
| Inventory turnover | 4.33 | 10.11 | 6.66 | 5.30 | 1.92 |
| Debtors turnover | 1.66 | 2.47 | 3.43 | 6.48 | 3.75 |
| EPS (₹) | 1.28 | 3.47 | 2.52 | 13.19 | 2.25 |
| Dividend per share (₹) | 2.00 | 2.00 | 0.30 | 2.00 | 1.00 |
| Book value per share (₹) | 25.75 | 24.54 | 13.85 | 69.25 | 57.05 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Indobell
Complete news archive for Indobell
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indobell
Indobell was founded in 2007.
Indobell is headquartered in India.
Indobell has 91 employees.
The primary company behind Indobell, Indobell Insulations Ltd, reported revenue of ₹17.17 Cr for FY 2026, down 39% year on year.
Indobell was founded in 2007 in India within the thermal insulation sector. Products including granulated rockwool, spray insulation, LRB mattress, and ceramic fiber blankets are produced. Services encompass consultancy, engineering, fabrication, material supply, installation supervision, global logistics, and project management. Operations emphasize energy-efficient solutions for diverse applications, with safety integrated throughout processes.
Indobell offers Granulated Rockwool and Spray Insulation.
Yes, Indobell is publicly traded on BSE under the ticker symbol INDOBELL.
Indobell operates through Indobell Insulations Ltd.
The legal entities of Indobell currently have 9 directors, including Man Mohan Burman, Avinash Singh, Megha Burman and others.