Nippo

Chennai, India Founded: 1972 • Age: 54 yrs Listed
Manufacturer and marketer of household dry cell battery and lights products

About Nippo

Nippo is a publicly listed company based in Chennai (India) founded in 1972 by Obul Reddy. Manufacturer and marketer of household dry cell battery and lights products. The company has 476 employees. Its Indian entity Indo- National Limited reported revenue of ₹460 Cr.

Company details

The company was founded in 1972 in Chennai, India, by Obul Reddy. Operations focus on the consumer goods sector, where household primary dry cell batteries are produced and marketed under the Nippo brand. A range of products is offered, including Compact Fluorescent Lamps (CFL), LED torch lights, LED emergency power backups, batteries, and power stations, primarily for household use.

  • Headquarters Chennai, India
  • Employees 476
  • Founders Obul Reddy
  • Stage Public
  • Website nippobatteries.com
  • Social X
  • Legal Name Indo National Limited
Key Metrics
  • Market Cap
    ₹224 Cr

    NIPPOBATRY · NSE

  • Share Price
    ₹299.60

    +0.54% today

  • Revenue
    ₹452 Cr

    FY 2025-26 · -3.2% YoY

  • EBITDA
    −₹18.18 Cr

    Margin -4.0%

  • Net Profit
    −₹26.35 Cr

    FY 2025-26 · -121.3% YoY

  • Employee Count
    476

Board of directors of Indo- National Limited (Nippo)

Indo- National Limited is the primary company behind Nippo. The board of Indo- National Limited currently have 7 directors; the longest-serving is Pottipatti Dwaraknath Dwaraknath Reddy, appointed in 2009. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Pottipatti Dwaraknath Dwaraknath Reddy
DIN 00277929
Managing Director23 Jul 200917 yrs 3 moIndo- National Limited
Pottipati Aditya Reddy
DIN 00482051
Whole-time director31 Jul 201214 yrs 3 moIndo- National Limited
Kiran Joseph
DIN 05017183
Director30 Apr 20242 yrs 6 moIndo- National Limited
Seshadri Deepa
DIN 10650439
Director15 Jul 20242 yrs 3 moIndo- National Limited
Murali Subramaniam
DIN 10867356
Director13 Dec 20241 yr 10 moIndo- National Limited
Suneeta Reddy
DIN 00001873
Director06 Jun 20251 yr 4 moIndo- National Limited
Bitra Lakshmi Narayana Prasad
DIN 11238020
Director12 Aug 20251 yr 2 moIndo- National Limited

People of Nippo

1 people are tracked at Nippo (1 in leadership); the tracked headcount is 476.

NameRoleGroup
Obul Reddy
FounderLeadership
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Complete people profiles for Nippo

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IPO & Listings of Nippo

Nippo is a publicly listed company on the NSE with ticker symbol NIPPOBATRY in India, operating in the Producer manufacturing 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 date17 May 2000
  • Listed onBSE: 504058
  • Listed entityIndo National Limited
  • Exchange sectorProducer manufacturing
  • ISININE567A01028
  • Share price₹307.15 (-1.05% on the day) · 2026-10-14
  • Market capitalisation₹233 Cr
  • EPS (diluted, trailing year)₹-33.64
  • Dividend yield1.21%
  • Volume (last session)1,252

Financials of Nippo

Exchange-reported figures of Indo- National Limited, the listed company behind Nippo (NSE: NIPPOBATRY).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹452 Cr
-3.2% YoY
EBITDA
−₹18.18 Cr
+18.4% YoY
Profit After Tax
−₹26.35 Cr
-121.3% YoY
Net Worth
₹303 Cr
-31.0% YoY
Total Assets
₹354 Cr
-35.6% YoY
Total Debt
₹34.39 Cr
-35.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue452467641572570532508
Revenue growth-3.2%-27.0%+12.0%+0.3%+7.2%+4.7%-
EBITDA(18.18)(22.27)40.6914.6426.1056.7531.45
EBITDA margin-4.0%-4.8%+6.4%+2.6%+4.6%+10.7%+6.2%
Profit before tax(26.27)15119.41(8.00)20.9149.8218.44
Net profit(26.35)1249.60(5.96)6.7030.5117.93
Net profit margin-5.8%+26.5%+1.5%-1.0%+1.2%+5.7%+3.5%
EPS (₹)(35.12)165.0212.83(7.59)10.5981.013.75
Balance sheet
Total assets354550440406412407375
Net worth303438236231240242214
Total debt34.3953.13140132124123121
Cash & bank6.0348.5032.2823.3831.5544.4355.38
Net working capital131202186185209238198
Cash flow
Cash from operations41.62(55.76)43.5535.9535.0410.829.72
Cash from investing15.5780.47(38.26)(27.61)(35.41)4.671.35
Cash from financing(58.24)(18.78)(9.43)(9.42)(19.74)(10.36)(9.25)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11610710612011997.11122128
Revenue growth (YoY)-2.8%+10.3%-12.6%-6.3%-1.4%---
Other income0.901.562.321.562.203.201.773.36
EBITDA0.12(18.11)(6.82)3.972.79(1.94)(11.16)0.89
EBITDA margin+0.1%-16.9%-6.4%+3.3%+2.3%-2.0%-9.2%+0.7%
Depreciation3.363.313.323.303.212.942.902.86
Interest0.880.630.640.720.600.960.10(0.49)
Profit before tax(3.22)(20.49)(8.46)1.511.18(2.64)(12.39)1.88
Tax(5.23)0.51(0.61)0.410.12(2.73)(0.32)(0.29)
Net profit2.01(21.00)(7.85)1.101.060.09(12.07)2.17
EPS (₹)2.85(27.87)(10.46)1.851.370.11(16.09)2.89
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue451458466405368387330
Revenue growth-1.5%-1.7%+15.1%+9.9%-4.8%+17.3%-
EBITDA(17.05)4.9714.998.014.1434.01(6.19)
EBITDA margin-3.8%+1.1%+3.2%+2.0%+1.1%+8.8%-1.9%
Profit before tax(25.49)1.068.051.5010.6045.651.00
Net profit(25.92)(3.85)6.721.027.7534.1028.47
Net profit margin-5.8%-0.8%+1.4%+0.3%+2.1%+8.8%+8.6%
EPS (₹)(34.56)1.358.931.3410.3890.541.30
Balance sheet
Total assets426425257257276267236
Net worth212226228226228230199
Total debt20118717.0021.2038.1528.6031.17
Cash & bank5.630.511.391.041.3817.5921.14
Net working capital13712162.8282.01115150119
Cash flow
Cash from operations5.39(53.16)28.6044.0418.78(9.47)16.84
Cash from investing(8.53)(113)(16.87)(18.10)(32.32)13.94(1.67)
Cash from financing8.29166(11.36)(25.89)(2.33)(7.83)(14.35)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11610610611911997.11122128
Revenue growth (YoY)-3.0%+9.6%-12.8%-6.7%+7.0%---
Other income0.901.521.921.562.202.461.773.36
Total expenses11512411111411798.42120126
EBITDA0.39(17.81)(5.22)5.522.79(1.31)1.501.28
EBITDA margin+0.3%-16.7%-4.9%+4.6%+2.3%-1.3%+1.2%+1.0%
Depreciation3.343.293.303.273.212.942.902.86
Interest0.880.620.630.720.600.220.100.07
Profit before tax(2.93)(20.20)(7.23)3.091.18(2.01)0.271.71
Tax(5.23)0.51(0.61)0.410.120.62(0.36)(0.29)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11610710612011997.11122128
Revenue growth (YoY)-2.8%+10.3%-12.6%-6.3%-1.4%---
Other income0.901.562.321.562.203.201.773.36
EBITDA0.12(18.11)(6.82)3.972.79(1.94)(11.16)0.89
EBITDA margin+0.1%-16.9%-6.4%+3.3%+2.3%-2.0%-9.2%+0.7%
Depreciation3.363.313.323.303.212.942.902.86
Interest0.880.630.640.720.600.960.10(0.49)
Profit before tax(3.22)(20.49)(8.46)1.511.18(2.64)(12.39)1.88
Tax(5.23)0.51(0.61)0.410.12(2.73)(0.32)(0.29)
Net profit2.01(21.00)(7.85)1.101.060.09(12.07)2.17
EPS (₹)2.85(27.87)(10.46)1.851.370.11(16.09)2.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue452467641572570532508
Revenue growth-3.2%-27.0%+12.0%+0.3%+7.2%+4.7%-
Other income7.6419010.115.4618.7618.4115.77
Total expenses471490600557544475477
Employee cost0.0075.6094.1879.7783.0176.7270.12
EBITDA(18.18)(22.27)40.6914.6426.1056.7531.45
EBITDA margin-4.0%-4.8%+6.4%+2.6%+4.6%+10.7%+6.2%
Depreciation13.1413.2417.6416.9313.1812.5812.21
Interest2.593.1813.7511.1710.7712.7616.57
Profit before tax(26.27)15119.41(8.00)20.9149.8218.44
Tax0.4329.344.78(0.02)7.5117.308.01
Net profit(26.35)1249.60(5.96)6.7030.5117.93
Net profit margin-5.8%+26.5%+1.5%-1.0%+1.2%+5.7%+3.5%
EPS (₹)(35.12)165.0212.83(7.59)10.5981.013.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.753.753.753.753.753.753.75
Reserves & surplus299434232228236238211
Shareholders' funds (net worth)303438236231240242214
Minority interest5.0332.7537.2930.4335.4930.6430.79
Secured loans34.3952.8613512612011934.16
Unsecured loans0.000.275.175.774.274.2587.26
Total debt34.3953.13140132124123121
Total liabilities354550440406412407375
Assets
Gross block199297319295275230224
Net block170223254226215182188
Capital work in progress6.474.392.094.401.961.420.80
Investments60.7096.140.010.010.270.000.00
Inventories61.0611796.8287.5511687.2187.58
Sundry debtors58.4189.5413312694.72151116
Cash & bank balances6.0348.5032.2823.3831.5544.4355.38
Loans & advances66.0610567.9042.4046.6344.6145.70
Total current assets192360330279289327305
Total current liabilities60.8415814393.4480.5788.81106
Net working capital131202186185209238198
Total assets354550440406412407375
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.880.945.086.1726.2821.1519.33
Net cash from operating activities41.62(55.76)43.5535.9535.0410.829.72
Net cash from investing activities15.5780.47(38.26)(27.61)(35.41)4.671.35
Net cash from financing activities(58.24)(18.78)(9.43)(9.42)(19.74)(10.36)(9.25)
Net change in cash(1.04)5.94(4.14)(1.09)(20.11)5.131.82
Closing cash6.0348.5032.2823.3831.5544.4355.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-3.2%-27.0%+12.0%+0.3%+7.2%+4.7%-
EBITDA growth+18.4%-154.7%+177.9%-43.9%-54.0%+80.5%-
PBT growth-+679.4%+9998.0%--58.0%+170.2%-47.8%
Net income growth-121.3%+1189.0%+261.1%-189.0%-78.0%+70.2%-
Revenue CAGR (3Y)-7.5%-6.4%+6.4%+4.0%+8.8%+10.5%+10.4%
EBITDA CAGR (3Y)---10.5%-22.5%-14.1%+10.2%+0.9%
Profitability & leverage
Net income margin-5.9%+26.1%+2.3%-1.4%+2.4%+6.1%+2.1%
Return on capital employed-+33.6%+8.5%+0.8%+8.4%+17.4%+18.7%
Return on net worth-+36.2%+6.3%-3.4%+5.6%+14.3%+12.4%
Debt / equity-0.290.580.540.510.540.54
Long-term debt / equity-0.050.100.040.040.100.17
Interest cover-8.27-8.9659.65-487.7783.3628.8986.12
Efficiency & per share
Fixed asset turnover-1.522.082.012.262.342.36
Inventory turnover-4.376.955.615.606.096.79
Debtors turnover-4.214.965.194.643.994.02
EPS (₹)(35.12)165.0212.83(7.59)10.5981.013.75
Dividend per share (₹)3.755.005.005.005.0025.005.00
Book value per share (₹)0.00584.22314.91308.64320.26645.33571.45
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11610610611911997.11122128
Revenue growth (YoY)-3.0%+9.6%-12.8%-6.7%+7.0%---
Other income0.901.521.921.562.202.461.773.36
Total expenses11512411111411798.42120126
EBITDA0.39(17.81)(5.22)5.522.79(1.31)1.501.28
EBITDA margin+0.3%-16.7%-4.9%+4.6%+2.3%-1.3%+1.2%+1.0%
Depreciation3.343.293.303.273.212.942.902.86
Interest0.880.620.630.720.600.220.100.07
Profit before tax(2.93)(20.20)(7.23)3.091.18(2.01)0.271.71
Tax(5.23)0.51(0.61)0.410.120.62(0.36)(0.29)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue451458466405368387330
Revenue growth-1.5%-1.7%+15.1%+9.9%-4.8%+17.3%-
Other income7.208.655.815.9614.6921.0718.29
Total expenses468453451397364353336
Employee cost0.0070.9366.7553.4252.7549.5742.64
EBITDA(17.05)4.9714.998.014.1434.01(6.19)
EBITDA margin-3.8%+1.1%+3.2%+2.0%+1.1%+8.8%-1.9%
Depreciation13.0611.469.0010.085.735.355.58
Interest2.581.103.752.392.504.085.52
Profit before tax(25.49)1.068.051.5010.6045.651.00
Tax0.430.051.340.502.8211.700.52
Net profit(25.92)(3.85)6.721.027.7534.1028.47
Net profit margin-5.8%-0.8%+1.4%+0.3%+2.1%+8.8%+8.6%
EPS (₹)(34.56)1.358.931.3410.3890.541.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.753.753.753.753.753.753.75
Reserves & surplus208222225223225227195
Shareholders' funds (net worth)212226228226228230199
Secured loans34.2116.3917.0021.2031.9128.6031.17
Unsecured loans1671710.000.006.240.000.00
Total debt20118717.0021.2038.1528.6031.17
Total liabilities426425257257276267236
Assets
Gross block19117815115014095.3192.64
Net block16315113111711271.0473.72
Capital work in progress2.581.290.140.840.240.040.04
Investments13816678.3172.5646.5246.5246.52
Inventories60.0569.5757.6259.6291.8263.5452.67
Sundry debtors58.1748.2143.4534.0132.5387.7761.97
Cash & bank balances5.630.511.391.041.3817.5921.14
Loans & advances61.4149.6925.3633.3531.7133.0328.76
Total current assets185168128128157202165
Total current liabilities48.6247.1665.0046.0142.0652.2145.49
Net working capital13712162.8282.01115150119
Total assets426425257257276267236
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.290.600.220.1816.0519.41(12.59)
Net cash from operating activities5.39(53.16)28.6044.0418.78(9.47)16.84
Net cash from investing activities(8.53)(113)(16.87)(18.10)(32.32)13.94(1.67)
Net cash from financing activities8.29166(11.36)(25.89)(2.33)(7.83)(14.35)
Net change in cash5.15(0.31)0.370.04(15.87)(3.36)0.82
Closing cash5.630.511.391.041.3817.5921.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.5%-1.7%+15.1%+9.9%-4.8%+17.3%-
EBITDA growth-443.1%-66.8%+87.1%+93.5%-87.8%+649.4%-
PBT growth--86.8%+436.7%-85.9%-76.8%+4465.0%-96.4%
Net income growth-573.3%-157.3%+558.8%-86.8%-77.3%+19.8%-
Revenue CAGR (3Y)+3.7%+7.5%+6.4%+7.1%+5.1%+11.9%+1.2%
EBITDA CAGR (3Y)-+6.3%-23.9%--39.6%+17.1%-
Profitability & leverage
Net income margin-5.8%+0.2%+1.4%+0.3%+2.1%+8.8%+0.2%
Return on capital employed--0.9%+4.6%+1.5%+4.8%+19.8%+15.0%
Return on net worth--1.7%+3.0%+0.4%+3.4%+15.8%+14.0%
Debt / equity-0.450.080.130.150.140.15
Long-term debt / equity-0.000.000.010.030.020.00
Interest cover-8.57-16.9562.60-115.46-157.2314.24-46.90
Efficiency & per share
Fixed asset turnover-2.783.102.793.134.123.61
Inventory turnover-7.207.955.354.746.666.93
Debtors turnover-9.9912.0312.176.125.174.52
EPS (₹)(34.56)1.358.931.3410.3890.541.30
Dividend per share (₹)3.755.005.005.005.0025.005.00
Book value per share (₹)0.00301.46304.48301.97304.58614.31531.31
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Frequently Asked Questions about Nippo

Nippo was founded in 1972.

Nippo is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

Nippo has 476 employees.

The primary company behind Nippo, Indo- National Limited, reported revenue of ₹460 Cr for FY 2026, down 3% year on year.

The company was founded in 1972 in Chennai, India, by Obul Reddy. Operations focus on the consumer goods sector, where household primary dry cell batteries are produced and marketed under the Nippo brand. A range of products is offered, including Compact Fluorescent Lamps (CFL), LED torch lights, LED emergency power backups, batteries, and power stations, primarily for household use.

Yes, Nippo is publicly traded on NSE under the ticker symbol NIPPOBATRY.

Nippo operates through Indo- National Limited.

The legal entities of Nippo currently have 10 directors, including Pottipatti Dwaraknath Dwaraknath Reddy, Pottipati Aditya Reddy, Bitra Lakshmi Narayana Prasad and others.

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