- #530 Suneeta Reddy & family ₹6,500 Cr

About Indo- National Limited
Data last updated:
Indo- National Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 15 July 1972 and has been in existence for over 54 years.
Its director Suneeta Reddy and family are #530 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L31909TN1972PLC006196. Its GSTIN is 33AAACI2291L1ZL (Tamil Nadu). The company holds 19 GST registrations, of which 17 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 504058 and NSE: NIPPOBATRY.
The company has an authorised share capital of ₹15.3 Cr and a paid-up capital of ₹3.75 Cr. It was formerly known as Nippo Batteries Co. Limited. It is led by directors including Pottipatti Dwaraknath Dwaraknath Reddy (Managing Director) and Pottipati Aditya Reddy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at No. 609 Mount Road Lakshmi Bhawan Ivth Floor, Chennai, Tamil Nadu, India – 600006.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹452.47 Cr, a decline of 3.2% compared to the previous year. For the same year it recorded a net loss of ₹26.35 Cr (net margin -5.8%) and EBITDA of -₹18.18 Cr (EBITDA margin -4%). The net worth stands at ₹302.55 Cr (down 31% YoY). Total assets are valued at ₹354.49 Cr (down 35.6% YoY).
The company has about 454 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Nippo. As per MCA filings, the company has open charges of ₹115.14 Cr and satisfied charges of ₹270.06 Cr on record. Court records list 111 cases involving the company, including 64 filed by the company and 47 filed against it; 19 cases are pending. The company has 25 deals on record (24 market trades, 1 secondary share transfer); the latest was in December 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nippobatteries.com.
Company details
CIN history
Indo- National has one previous CIN (Corporate Identification Number): U31909TN1972PLC006196. The current CIN is L31909TN1972PLC006196, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31909TN1972PLC006196 | Current |
| U31909TN1972PLC006196 | Previous |
Recognitions & Rankings of Indo- National
Contact details
Indo- National Limited's registered office is in Chennai, Tamil Nadu. Its website is nippobatteries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 609 Mount Road Lakshmi Bhawan Ivth Floor, Chennai, Tamil Nadu, India – 600006
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Indo- National Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Indo- National operates one associated brand: Nippo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and marketer of household dry cell battery and lights products | nippobatteries.com |
Business activity
The main business activities of Indo- National are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Indo- National Limited, buy the company report.
Financials of Indo- National Limited
FY 2025-26 filings availableIndo- National Limited reported revenue of ₹452.47 Cr (down 3.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 452 | 467 | 641 | 572 | 570 | 532 | 508 |
| Revenue growth | -3.2% | -27.0% | +12.0% | +0.3% | +7.2% | +4.7% | - |
| EBITDA | (18.18) | (22.27) | 40.69 | 14.64 | 26.10 | 56.75 | 31.45 |
| EBITDA margin | -4.0% | -4.8% | +6.4% | +2.6% | +4.6% | +10.7% | +6.2% |
| Profit before tax | (26.27) | 151 | 19.41 | (8.00) | 20.91 | 49.82 | 18.44 |
| Net profit | (26.35) | 124 | 9.60 | (5.96) | 6.70 | 30.51 | 17.93 |
| Net profit margin | -5.8% | +26.5% | +1.5% | -1.0% | +1.2% | +5.7% | +3.5% |
| EPS (₹) | (35.12) | 165.02 | 12.83 | (7.59) | 10.59 | 81.01 | 3.75 |
| Balance sheet | |||||||
| Total assets | 354 | 550 | 440 | 406 | 412 | 407 | 375 |
| Net worth | 303 | 438 | 236 | 231 | 240 | 242 | 214 |
| Total debt | 34.39 | 53.13 | 140 | 132 | 124 | 123 | 121 |
| Cash & bank | 6.03 | 48.50 | 32.28 | 23.38 | 31.55 | 44.43 | 55.38 |
| Net working capital | 131 | 202 | 186 | 185 | 209 | 238 | 198 |
| Cash flow | |||||||
| Cash from operations | 41.62 | (55.76) | 43.55 | 35.95 | 35.04 | 10.82 | 9.72 |
| Cash from investing | 15.57 | 80.47 | (38.26) | (27.61) | (35.41) | 4.67 | 1.35 |
| Cash from financing | (58.24) | (18.78) | (9.43) | (9.42) | (19.74) | (10.36) | (9.25) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 107 | 106 | 120 | 119 | 97.11 | 122 | 128 |
| Revenue growth (YoY) | -2.8% | +10.3% | -12.6% | -6.3% | -1.4% | - | - | - |
| Other income | 0.90 | 1.56 | 2.32 | 1.56 | 2.20 | 3.20 | 1.77 | 3.36 |
| EBITDA | 0.12 | (18.11) | (6.82) | 3.97 | 2.79 | (1.94) | (11.16) | 0.89 |
| EBITDA margin | +0.1% | -16.9% | -6.4% | +3.3% | +2.3% | -2.0% | -9.2% | +0.7% |
| Depreciation | 3.36 | 3.31 | 3.32 | 3.30 | 3.21 | 2.94 | 2.90 | 2.86 |
| Interest | 0.88 | 0.63 | 0.64 | 0.72 | 0.60 | 0.96 | 0.10 | (0.49) |
| Profit before tax | (3.22) | (20.49) | (8.46) | 1.51 | 1.18 | (2.64) | (12.39) | 1.88 |
| Tax | (5.23) | 0.51 | (0.61) | 0.41 | 0.12 | (2.73) | (0.32) | (0.29) |
| Net profit | 2.01 | (21.00) | (7.85) | 1.10 | 1.06 | 0.09 | (12.07) | 2.17 |
| EPS (₹) | 2.85 | (27.87) | (10.46) | 1.85 | 1.37 | 0.11 | (16.09) | 2.89 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 451 | 458 | 466 | 405 | 368 | 387 | 330 |
| Revenue growth | -1.5% | -1.7% | +15.1% | +9.9% | -4.8% | +17.3% | - |
| EBITDA | (17.05) | 4.97 | 14.99 | 8.01 | 4.14 | 34.01 | (6.19) |
| EBITDA margin | -3.8% | +1.1% | +3.2% | +2.0% | +1.1% | +8.8% | -1.9% |
| Profit before tax | (25.49) | 1.06 | 8.05 | 1.50 | 10.60 | 45.65 | 1.00 |
| Net profit | (25.92) | (3.85) | 6.72 | 1.02 | 7.75 | 34.10 | 28.47 |
| Net profit margin | -5.8% | -0.8% | +1.4% | +0.3% | +2.1% | +8.8% | +8.6% |
| EPS (₹) | (34.56) | 1.35 | 8.93 | 1.34 | 10.38 | 90.54 | 1.30 |
| Balance sheet | |||||||
| Total assets | 426 | 425 | 257 | 257 | 276 | 267 | 236 |
| Net worth | 212 | 226 | 228 | 226 | 228 | 230 | 199 |
| Total debt | 201 | 187 | 17.00 | 21.20 | 38.15 | 28.60 | 31.17 |
| Cash & bank | 5.63 | 0.51 | 1.39 | 1.04 | 1.38 | 17.59 | 21.14 |
| Net working capital | 137 | 121 | 62.82 | 82.01 | 115 | 150 | 119 |
| Cash flow | |||||||
| Cash from operations | 5.39 | (53.16) | 28.60 | 44.04 | 18.78 | (9.47) | 16.84 |
| Cash from investing | (8.53) | (113) | (16.87) | (18.10) | (32.32) | 13.94 | (1.67) |
| Cash from financing | 8.29 | 166 | (11.36) | (25.89) | (2.33) | (7.83) | (14.35) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 106 | 106 | 119 | 119 | 97.11 | 122 | 128 |
| Revenue growth (YoY) | -3.0% | +9.6% | -12.8% | -6.7% | +7.0% | - | - | - |
| Other income | 0.90 | 1.52 | 1.92 | 1.56 | 2.20 | 2.46 | 1.77 | 3.36 |
| Total expenses | 115 | 124 | 111 | 114 | 117 | 98.42 | 120 | 126 |
| EBITDA | 0.39 | (17.81) | (5.22) | 5.52 | 2.79 | (1.31) | 1.50 | 1.28 |
| EBITDA margin | +0.3% | -16.7% | -4.9% | +4.6% | +2.3% | -1.3% | +1.2% | +1.0% |
| Depreciation | 3.34 | 3.29 | 3.30 | 3.27 | 3.21 | 2.94 | 2.90 | 2.86 |
| Interest | 0.88 | 0.62 | 0.63 | 0.72 | 0.60 | 0.22 | 0.10 | 0.07 |
| Profit before tax | (2.93) | (20.20) | (7.23) | 3.09 | 1.18 | (2.01) | 0.27 | 1.71 |
| Tax | (5.23) | 0.51 | (0.61) | 0.41 | 0.12 | 0.62 | (0.36) | (0.29) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 107 | 106 | 120 | 119 | 97.11 | 122 | 128 |
| Revenue growth (YoY) | -2.8% | +10.3% | -12.6% | -6.3% | -1.4% | - | - | - |
| Other income | 0.90 | 1.56 | 2.32 | 1.56 | 2.20 | 3.20 | 1.77 | 3.36 |
| EBITDA | 0.12 | (18.11) | (6.82) | 3.97 | 2.79 | (1.94) | (11.16) | 0.89 |
| EBITDA margin | +0.1% | -16.9% | -6.4% | +3.3% | +2.3% | -2.0% | -9.2% | +0.7% |
| Depreciation | 3.36 | 3.31 | 3.32 | 3.30 | 3.21 | 2.94 | 2.90 | 2.86 |
| Interest | 0.88 | 0.63 | 0.64 | 0.72 | 0.60 | 0.96 | 0.10 | (0.49) |
| Profit before tax | (3.22) | (20.49) | (8.46) | 1.51 | 1.18 | (2.64) | (12.39) | 1.88 |
| Tax | (5.23) | 0.51 | (0.61) | 0.41 | 0.12 | (2.73) | (0.32) | (0.29) |
| Net profit | 2.01 | (21.00) | (7.85) | 1.10 | 1.06 | 0.09 | (12.07) | 2.17 |
| EPS (₹) | 2.85 | (27.87) | (10.46) | 1.85 | 1.37 | 0.11 | (16.09) | 2.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 452 | 467 | 641 | 572 | 570 | 532 | 508 |
| Revenue growth | -3.2% | -27.0% | +12.0% | +0.3% | +7.2% | +4.7% | - |
| Other income | 7.64 | 190 | 10.11 | 5.46 | 18.76 | 18.41 | 15.77 |
| Total expenses | 471 | 490 | 600 | 557 | 544 | 475 | 477 |
| Employee cost | 0.00 | 75.60 | 94.18 | 79.77 | 83.01 | 76.72 | 70.12 |
| EBITDA | (18.18) | (22.27) | 40.69 | 14.64 | 26.10 | 56.75 | 31.45 |
| EBITDA margin | -4.0% | -4.8% | +6.4% | +2.6% | +4.6% | +10.7% | +6.2% |
| Depreciation | 13.14 | 13.24 | 17.64 | 16.93 | 13.18 | 12.58 | 12.21 |
| Interest | 2.59 | 3.18 | 13.75 | 11.17 | 10.77 | 12.76 | 16.57 |
| Profit before tax | (26.27) | 151 | 19.41 | (8.00) | 20.91 | 49.82 | 18.44 |
| Tax | 0.43 | 29.34 | 4.78 | (0.02) | 7.51 | 17.30 | 8.01 |
| Net profit | (26.35) | 124 | 9.60 | (5.96) | 6.70 | 30.51 | 17.93 |
| Net profit margin | -5.8% | +26.5% | +1.5% | -1.0% | +1.2% | +5.7% | +3.5% |
| EPS (₹) | (35.12) | 165.02 | 12.83 | (7.59) | 10.59 | 81.01 | 3.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 |
| Reserves & surplus | 299 | 434 | 232 | 228 | 236 | 238 | 211 |
| Shareholders' funds (net worth) | 303 | 438 | 236 | 231 | 240 | 242 | 214 |
| Minority interest | 5.03 | 32.75 | 37.29 | 30.43 | 35.49 | 30.64 | 30.79 |
| Secured loans | 34.39 | 52.86 | 135 | 126 | 120 | 119 | 34.16 |
| Unsecured loans | 0.00 | 0.27 | 5.17 | 5.77 | 4.27 | 4.25 | 87.26 |
| Total debt | 34.39 | 53.13 | 140 | 132 | 124 | 123 | 121 |
| Total liabilities | 354 | 550 | 440 | 406 | 412 | 407 | 375 |
| Assets | |||||||
| Gross block | 199 | 297 | 319 | 295 | 275 | 230 | 224 |
| Net block | 170 | 223 | 254 | 226 | 215 | 182 | 188 |
| Capital work in progress | 6.47 | 4.39 | 2.09 | 4.40 | 1.96 | 1.42 | 0.80 |
| Investments | 60.70 | 96.14 | 0.01 | 0.01 | 0.27 | 0.00 | 0.00 |
| Inventories | 61.06 | 117 | 96.82 | 87.55 | 116 | 87.21 | 87.58 |
| Sundry debtors | 58.41 | 89.54 | 133 | 126 | 94.72 | 151 | 116 |
| Cash & bank balances | 6.03 | 48.50 | 32.28 | 23.38 | 31.55 | 44.43 | 55.38 |
| Loans & advances | 66.06 | 105 | 67.90 | 42.40 | 46.63 | 44.61 | 45.70 |
| Total current assets | 192 | 360 | 330 | 279 | 289 | 327 | 305 |
| Total current liabilities | 60.84 | 158 | 143 | 93.44 | 80.57 | 88.81 | 106 |
| Net working capital | 131 | 202 | 186 | 185 | 209 | 238 | 198 |
| Total assets | 354 | 550 | 440 | 406 | 412 | 407 | 375 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 6.88 | 0.94 | 5.08 | 6.17 | 26.28 | 21.15 | 19.33 |
| Net cash from operating activities | 41.62 | (55.76) | 43.55 | 35.95 | 35.04 | 10.82 | 9.72 |
| Net cash from investing activities | 15.57 | 80.47 | (38.26) | (27.61) | (35.41) | 4.67 | 1.35 |
| 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) | 5.13 | 1.82 |
| Closing cash | 6.03 | 48.50 | 32.28 | 23.38 | 31.55 | 44.43 | 55.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | - | 0.29 | 0.58 | 0.54 | 0.51 | 0.54 | 0.54 |
| Long-term debt / equity | - | 0.05 | 0.10 | 0.04 | 0.04 | 0.10 | 0.17 |
| Interest cover | -8.27 | -8.96 | 59.65 | -487.77 | 83.36 | 28.89 | 86.12 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.52 | 2.08 | 2.01 | 2.26 | 2.34 | 2.36 |
| Inventory turnover | - | 4.37 | 6.95 | 5.61 | 5.60 | 6.09 | 6.79 |
| Debtors turnover | - | 4.21 | 4.96 | 5.19 | 4.64 | 3.99 | 4.02 |
| EPS (₹) | (35.12) | 165.02 | 12.83 | (7.59) | 10.59 | 81.01 | 3.75 |
| Dividend per share (₹) | 3.75 | 5.00 | 5.00 | 5.00 | 5.00 | 25.00 | 5.00 |
| Book value per share (₹) | 0.00 | 584.22 | 314.91 | 308.64 | 320.26 | 645.33 | 571.45 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 106 | 106 | 119 | 119 | 97.11 | 122 | 128 |
| Revenue growth (YoY) | -3.0% | +9.6% | -12.8% | -6.7% | +7.0% | - | - | - |
| Other income | 0.90 | 1.52 | 1.92 | 1.56 | 2.20 | 2.46 | 1.77 | 3.36 |
| Total expenses | 115 | 124 | 111 | 114 | 117 | 98.42 | 120 | 126 |
| EBITDA | 0.39 | (17.81) | (5.22) | 5.52 | 2.79 | (1.31) | 1.50 | 1.28 |
| EBITDA margin | +0.3% | -16.7% | -4.9% | +4.6% | +2.3% | -1.3% | +1.2% | +1.0% |
| Depreciation | 3.34 | 3.29 | 3.30 | 3.27 | 3.21 | 2.94 | 2.90 | 2.86 |
| Interest | 0.88 | 0.62 | 0.63 | 0.72 | 0.60 | 0.22 | 0.10 | 0.07 |
| Profit before tax | (2.93) | (20.20) | (7.23) | 3.09 | 1.18 | (2.01) | 0.27 | 1.71 |
| Tax | (5.23) | 0.51 | (0.61) | 0.41 | 0.12 | 0.62 | (0.36) | (0.29) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 451 | 458 | 466 | 405 | 368 | 387 | 330 |
| Revenue growth | -1.5% | -1.7% | +15.1% | +9.9% | -4.8% | +17.3% | - |
| Other income | 7.20 | 8.65 | 5.81 | 5.96 | 14.69 | 21.07 | 18.29 |
| Total expenses | 468 | 453 | 451 | 397 | 364 | 353 | 336 |
| Employee cost | 0.00 | 70.93 | 66.75 | 53.42 | 52.75 | 49.57 | 42.64 |
| EBITDA | (17.05) | 4.97 | 14.99 | 8.01 | 4.14 | 34.01 | (6.19) |
| EBITDA margin | -3.8% | +1.1% | +3.2% | +2.0% | +1.1% | +8.8% | -1.9% |
| Depreciation | 13.06 | 11.46 | 9.00 | 10.08 | 5.73 | 5.35 | 5.58 |
| Interest | 2.58 | 1.10 | 3.75 | 2.39 | 2.50 | 4.08 | 5.52 |
| Profit before tax | (25.49) | 1.06 | 8.05 | 1.50 | 10.60 | 45.65 | 1.00 |
| Tax | 0.43 | 0.05 | 1.34 | 0.50 | 2.82 | 11.70 | 0.52 |
| Net profit | (25.92) | (3.85) | 6.72 | 1.02 | 7.75 | 34.10 | 28.47 |
| Net profit margin | -5.8% | -0.8% | +1.4% | +0.3% | +2.1% | +8.8% | +8.6% |
| EPS (₹) | (34.56) | 1.35 | 8.93 | 1.34 | 10.38 | 90.54 | 1.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 | 3.75 |
| Reserves & surplus | 208 | 222 | 225 | 223 | 225 | 227 | 195 |
| Shareholders' funds (net worth) | 212 | 226 | 228 | 226 | 228 | 230 | 199 |
| Secured loans | 34.21 | 16.39 | 17.00 | 21.20 | 31.91 | 28.60 | 31.17 |
| Unsecured loans | 167 | 171 | 0.00 | 0.00 | 6.24 | 0.00 | 0.00 |
| Total debt | 201 | 187 | 17.00 | 21.20 | 38.15 | 28.60 | 31.17 |
| Total liabilities | 426 | 425 | 257 | 257 | 276 | 267 | 236 |
| Assets | |||||||
| Gross block | 191 | 178 | 151 | 150 | 140 | 95.31 | 92.64 |
| Net block | 163 | 151 | 131 | 117 | 112 | 71.04 | 73.72 |
| Capital work in progress | 2.58 | 1.29 | 0.14 | 0.84 | 0.24 | 0.04 | 0.04 |
| Investments | 138 | 166 | 78.31 | 72.56 | 46.52 | 46.52 | 46.52 |
| Inventories | 60.05 | 69.57 | 57.62 | 59.62 | 91.82 | 63.54 | 52.67 |
| Sundry debtors | 58.17 | 48.21 | 43.45 | 34.01 | 32.53 | 87.77 | 61.97 |
| Cash & bank balances | 5.63 | 0.51 | 1.39 | 1.04 | 1.38 | 17.59 | 21.14 |
| Loans & advances | 61.41 | 49.69 | 25.36 | 33.35 | 31.71 | 33.03 | 28.76 |
| Total current assets | 185 | 168 | 128 | 128 | 157 | 202 | 165 |
| Total current liabilities | 48.62 | 47.16 | 65.00 | 46.01 | 42.06 | 52.21 | 45.49 |
| Net working capital | 137 | 121 | 62.82 | 82.01 | 115 | 150 | 119 |
| Total assets | 426 | 425 | 257 | 257 | 276 | 267 | 236 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.29 | 0.60 | 0.22 | 0.18 | 16.05 | 19.41 | (12.59) |
| Net cash from operating activities | 5.39 | (53.16) | 28.60 | 44.04 | 18.78 | (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 activities | 8.29 | 166 | (11.36) | (25.89) | (2.33) | (7.83) | (14.35) |
| Net change in cash | 5.15 | (0.31) | 0.37 | 0.04 | (15.87) | (3.36) | 0.82 |
| Closing cash | 5.63 | 0.51 | 1.39 | 1.04 | 1.38 | 17.59 | 21.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | - | 0.45 | 0.08 | 0.13 | 0.15 | 0.14 | 0.15 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.01 | 0.03 | 0.02 | 0.00 |
| Interest cover | -8.57 | -16.95 | 62.60 | -115.46 | -157.23 | 14.24 | -46.90 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.78 | 3.10 | 2.79 | 3.13 | 4.12 | 3.61 |
| Inventory turnover | - | 7.20 | 7.95 | 5.35 | 4.74 | 6.66 | 6.93 |
| Debtors turnover | - | 9.99 | 12.03 | 12.17 | 6.12 | 5.17 | 4.52 |
| EPS (₹) | (34.56) | 1.35 | 8.93 | 1.34 | 10.38 | 90.54 | 1.30 |
| Dividend per share (₹) | 3.75 | 5.00 | 5.00 | 5.00 | 5.00 | 25.00 | 5.00 |
| Book value per share (₹) | 0.00 | 301.46 | 304.48 | 301.97 | 304.58 | 614.31 | 531.31 |
To see the full year-wise statements and ratios of Indo- National Limited, buy the company report.
Board of directors of Indo- National Limited
Indo- National has 7 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pottipatti Dwaraknath Dwaraknath Reddy Also directs: Garuda Energy Private Limited, Helios Holdings Private Limited, Helios Strategic Systems Limited and 4 more | Managing Director | 23 Jul 2009 | 17 Years 3 Months | Current |
| Pottipati Aditya Reddy Also directs: Helios Holdings Private Limited, Helios Strategic Systems Limited, Sindya Properties Private Limited and 5 more | Whole-Time Director | 31 Jul 2012 | 14 Years 3 Months | Current |
| Bitra Lakshmi Narayana Prasad | Director | 12 Aug 2025 | 1 Years 2 Months | Current |
| Suneeta Reddy Also directs: Apollo Hospitals Worli LLP, Nestle India Limited, Indraprastha Medical Corporation Limited and 5 more | Director | 06 Jun 2025 | 1 Years 4 Months | Current |
| Murali Subramaniam | Director | 13 Dec 2024 | 1 Years 10 Months | Current |
| Kiran Joseph Also directs: KMMM Partners LLP | Director | 30 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Indo- National Limited is audited by G BALU ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G BALU ASSOCIATES LLP | FY 2023 | 000376S/S200073 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 65.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 34.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 65.40% | 65.40% | 65.40% | 65.40% |
| Public | 34.60% | 34.60% | 34.60% | 34.60% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2020 | 100361348 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 29 Jul 2020 | 100367259 | The Hongkong and Shanghai Banking Corporation Limited | ₹51 Cr | Open | |
| 03 Jun 1994 | 90292207 | Industrial Development Bankof India | ₹60 Lakh | Open | |
| 27 Mar 1993 | 90294281 | State Bank of Travanancore | ₹22.5 Lakh | Open | |
| 26 Mar 1993 | 90294280 | The Bank of Travaancore | ₹39 Lakh | Open |
To see the full charge records of Indo- National Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Indo- National Limited has 25 deals on record (24 market trades, 1 secondary share transfer); the latest was in December 2024.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Market trade | ₹3.48 Cr | Buyer: Globe Capital Market Limited Seller: Globe Capital Market Limited |
| Oct 2021 | Market trade | ₹2.27 Cr | Buyer: SMP Securities Limited Seller: SMP Securities Limited |
| Aug 2021 | Market trade | ₹2.76 Cr | Buyer: Parth Infin Brokers Private Limited Seller: Parth Infin Brokers Private Limited |
| Jul 2021 | Market trade | ₹13.52 Cr | Buyer: Parth Infin Brokers Private Limited , Graviton Research Capital LLP , Crony Vyapar Private Limited Seller: Parth Infin Brokers Private Limited , Graviton Research Capital LLP , Crony Vyapar Private Limited |
| Jul 2021 | Market trade | ₹17.41 Cr | Buyer: Parth Infin Brokers Private Limited , Crony Vyapar Private Limited , Graviton Research Capital LLP Seller: Parth Infin Brokers Private Limited , Crony Vyapar Private Limited , Graviton Research Capital LLP |
To see the full deal history of Indo- National Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indo- National Limited has 111 court cases on record: 64 filed by Indo- National, 47 filed against it. 19 cases are pending and 92 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 83 | 22 | 10 |
| District courts | 15 | 14 | 1 |
| NCLAT | 8 | 7 | 8 |
| Supreme Court | 5 | 4 | 0 |
Cases on record (5 of 111)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Eveready Industries India Ltd | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Eveready Industries India Ltd and 3 others | Pending |
| District court, Prakasham, Andhra Pradesh | Civil suit | Filed against the company by Ms.The New India Assurance Co. Ltd., Divisional Office, Rep.By Its Divisional Manager, | Disposed |
| District court, Prakasham, Andhra Pradesh | Civil suit | Filed by the company against Emerald Cargo Carriers Pvt. Limited, | Disposed |
| District court, Amritsar, Punjab | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Indo- National Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Indo- National Limited was last rated by Crisil on 19 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Oct 2020 |
To see the full credit ratings and regulatory alerts of Indo- National Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indo- National Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indo- National has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kineco Limited | U24134GA1994PLC001672 | |
| Kineco Kaman Composites India Private Limited | U25203GA2012PTC007223 | |
| Helios Strategic Systems Limited | U74999TN2015PLC101208 |
To see the full group structure of Indo- National Limited, buy the company report.
Employees & EPFO
Indo- National Limited has a workforce of 454 employees on its EPFO records as of Mar 23, 2024, across 3 active EPFO establishments.
GST
Indo- National has 19 GST registrations: 17 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI2291L1ZL | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACI2291L2ZK | Tamil Nadu | Active | 05 Oct 2017 |
| 03AAACI2291L1ZO | Punjab | Active | 01 Jul 2017 |
| 06AAACI2291L1ZI | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indo- National Limited, buy the company report.
Recent activity
Indo- National Limited has 54 board changes on record since 1972: 32 appointments and 22 cessations. The latest: Bitra Lakshmi Narayana Prasad was appointed as Director on 12 Aug 2025.
123 earlier events are in the company report.
News
Frequently asked questions
Indo- National is an active public limited company based in Chennai, Tamil Nadu, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 15 July 1972 (54+ years old) and is registered under CIN L31909TN1972PLC006196. Listed on BSE: 504058 and NSE: NIPPOBATRY.
Indo- National reported revenue of ₹452.47 Cr for FY 2025-26 (down 3.2% YoY) based on consolidated financials.
Indo- National has 7 current directors:
- Pottipatti Dwaraknath Dwaraknath Reddy - Managing Director
- Pottipati Aditya Reddy - Whole-Time Director
- Bitra Lakshmi Narayana Prasad - Director
- Suneeta Reddy - Director
- Murali Subramaniam - Director
- Kiran Joseph - Director
- Seshadri Deepa - Director
The latest financial statements of Indo- National on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indo- National is 33AAACI2291L1ZL, registered in Tamil Nadu. The company has 19 GST registrations in all, of which 17 are active and 2 are cancelled or inactive. Other active GSTINs include 33AAACI2291L2ZK (Tamil Nadu), 03AAACI2291L1ZO (Punjab), 06AAACI2291L1ZI (Haryana).
The CIN (Corporate Identification Number) of Indo- National is L31909TN1972PLC006196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indo- National is a listed company as per MCA records. Its shares are listed on both BSE (code: 504058) and NSE (symbol: NIPPOBATRY).
Indo- National has 111 court cases on record: 64 filed by the company and 47 filed against it. 19 are pending. Most are in the high courts.
Indo- National was incorporated on 15 July 1972, making it 54+ years old. It is registered with the Registrar of Companies, Chennai.
Indo- National has 25 deals on record (24 market trades, 1 secondary share transfer); the latest was in December 2024.

