Indo National Share Price Target 2026, 2027, 2030, 2040, 2050
Indo National is a well-known Indian company mainly known for making Nippo batteries, and it is one of the top battery companies in India. The Nippo brand has been trusted by people for more than 50 years. Along with batteries, the company also makes easy-to-use products like LED lights, torches, emergency lights, mosquito bats, and other electrical items. The company focuses on making good-quality products and follows proper standards. Its products are available in many shops across India, which shows its strong market presence.
What is Indo National Ltd NSE: NIPPOBATRY?
Indo National was established in 1972 in Chennai. It is run by the promoters of the Nippo group, and it is an Indian company that makes and sells daily-use electrical products like batteries, rechargeable batteries, torches, and LED lights. The company is popular for its “Nippo” brand and focuses on giving useful and affordable products to customers. It has a strong network across India, so its products are easily available in many places. The company also works on improving quality and using better technology to stay competitive.
It is a well-known Indian company famous for its Nippo batteries. The company started with a simple goal to make good-quality batteries for Indian homes at low prices. In the beginning, it mainly made dry cell batteries, which are used in many daily items. Slowly, the company improved its products and expanded its business step by step. Today, it is one of the top battery companies in India. Its journey shows steady growth, proper planning, and a strong focus on customer needs and product quality. In 2026, its share price target would be ₹738, as per stock market analysts.
According to stock market analysts, its share price would be between ₹210 to ₹738 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 210 | 738 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 370 | 417 |
| February | 331 | 400 |
| March | 240 | 358 |
| April | 210 | 390 |
| May | 236 | 410 |
| June | 289 | 447 |
| July | 314 | 485 |
| August | 400 | 532 |
| September | 447 | 567 |
| October | 478 | 600 |
| November | 525 | 674 |
| December | 600 | 738 |
It is mainly known for its popular Nippo brand, which people in India have trusted for more than 50 years. Nippo batteries are commonly used in homes for TV remotes, clocks, toys, and radios. People like this brand because it works well and is affordable. Over time, Nippo has become a common name in many households. The brand is known for being reliable, easy to find, and long-lasting. In 2027, its share price target would be ₹1230, as per stock market analysts.
According to stock market analysts, its share price would be between ₹689 to ₹1230 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 689 | 1230 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 689 | 835 |
| February | 700 | 878 |
| March | 733 | 900 |
| April | 758 | 923 |
| May | 787 | 956 |
| June | 836 | 989 |
| July | 874 | 1042 |
| August | 932 | 1078 |
| September | 989 | 1100 |
| October | 1014 | 1134 |
| November | 1055 | 1174 |
| December | 1089 | 1230 |
In its early years, it worked with a Japanese company, Matsushita Electric, which is now known as Panasonic. This partnership helped the company learn better technology and improve battery quality. With this support, it was able to make better and more useful products for customers. It also helped the company build strong factories and follow good quality standards. In 2028, its share price target would be ₹1690, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1205 to ₹1690 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1205 | 1690 |
It not only makes batteries but also offers many other useful products for daily use. The company now makes items like LED lights, torches, emergency lights, mosquito bats, and other electrical products. These products help make daily life easier and more comfortable. The company does not depend only on batteries and can grow more by adding more products. This wide range also helps the company reach more customers and meet their different needs. In 2029, its share price target would be ₹2115, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1659 to ₹2115 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1659 | 2115 |
The company has built a strong distribution network across India, which helps its products reach customers easily. Its products are available in many shops, supermarkets, and small stores in both cities and villages. It has many distributors and dealers who help deliver products quickly. Because of this, people find its products almost everywhere. In 2030, its share price target would be ₹2580, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2072 to ₹2580 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 2072 | 2580 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2072 | 2200 |
| February | 2090 | 2254 |
| March | 2110 | 2278 |
| April | 2143 | 2310 |
| May | 2168 | 2347 |
| June | 2178 | 2374 |
| July | 2212 | 2390 |
| August | 2243 | 2415 |
| September | 2265 | 2444 |
| October | 2284 | 2478 |
| November | 2356 | 2535 |
| December | 2410 | 2580 |
The company follows proper rules while making its products to make sure they are safe and work well. It has ISO 9001 and ISO 14001 certifications, which show its focus on quality and care for the environment. Its batteries also have the ISI mark, which means they meet Indian safety standards. Because of its good quality, the company has earned customer trust over many years. In 2040, its share price target would be ₹5970, as per stock market analysts.
According to stock market analysts, its share price would be between ₹5377 to ₹5970 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 5377 | 5970 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 5377 | 5500 |
| February | 5410 | 5543 |
| March | 5447 | 5578 |
| April | 5478 | 5612 |
| May | 5500 | 5674 |
| June | 5537 | 5690 |
| July | 5574 | 5725 |
| August | 5612 | 5748 |
| September | 5674 | 5784 |
| October | 5700 | 5825 |
| November | 5734 | 5890 |
| December | 5784 | 5970 |
Over time, it has also added new products to grow its business. It now sells razors and blades in India under the brand Dorco. This shows that the company wants to grow in new areas and reach more customers. It does not depend only on batteries by adding new products. This helps the company grow better and creates more chances for future success. In 2050, its share price target would be ₹10290, as per stock market analysts.
According to stock market analysts, its share price would be between ₹9477 to ₹10290 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 9477 | 10290 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 9477 | 9610 |
| February | 9510 | 9668 |
| March | 9578 | 9689 |
| April | 9590 | 9747 |
| May | 9625 | 9778 |
| June | 9668 | 9825 |
| July | 9700 | 9858 |
| August | 9741 | 9912 |
| September | 9787 | 9968 |
| October | 9936 | 10087 |
| November | 9989 | 10145 |
| December | 10050 | 10290 |
Should I buy Indo National stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 210 | 738 |
| 2027 | 689 | 1230 |
| 2028 | 1205 | 1690 |
| 2029 | 1659 | 2115 |
| 2030 | 2072 | 2580 |
| 2040 | 5377 | 5970 |
| 2050 | 9477 | 10290 |
The company is not performing well, with profits going down, sales falling, and the share price also decreasing in the past year. The company is facing financial problems and has reported losses in recent months, which shows the business is weak at present. Experts also have a negative opinion about this stock, which is not a good sign for investors. In simple words, it could be a good change to buy on the dip for this stock, but you should wait for improvement of its finances first.
Indo National earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 508 | 532 | 570 | 572 | 641 | 467 | 442 |
| Expenses + | 447 | 475 | 544 | 557 | 600 | 490 | 444 |
| Operating Profit | 61 | 57 | 26 | 15 | 41 | -22 | -2 |
| OPM % | 12% | 11% | 5% | 3% | 6% | -5% | -0% |
| Other Income + | -13 | 18 | 19 | 5 | 10 | 190 | 9 |
| Interest | 17 | 13 | 11 | 11 | 14 | 3 | 3 |
| Depreciation | 12 | 13 | 13 | 17 | 18 | 13 | 13 |
| Profit before tax | 18 | 50 | 21 | -8 | 19 | 151 | -8 |
| Tax % | 43% | 35% | 36% | -0% | 25% | 19% | |
| Net Profit + | 10 | 33 | 13 | -8 | 15 | 122 | -6 |
| EPS in Rs | 1.88 | 40.51 | 10.59 | -7.59 | 12.83 | 165.01 | -7.14 |
| Dividend Payout % | 133% | 31% | 47% | -66% | 39% | 3% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| -39.29 | 0.45 | 1.78% | 39.41 | 5.80 | 0.70% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Indo National Ltd | 1.70 | 0.45 | 1.78% |
| Exide Industries Ltd | 32.28 | 1.84 | 0.66% |
| HBL Engineering Ltd | 66.57 | 12.44 | 0.15% |
| Amara Raja Energy & Mobility Ltd | 15.07 | 1.93 | 1.35% |
Is Indo National stock good to buy? (bull case & bear case)
Bull Case:
- It has a strong Nippo brand that people in India have trusted for more than 50 years.
- The company earns yearly revenue of around ₹700–₹900 crore, which shows its business is stable.
- It has made a net profit of around ₹10–₹30 crore in some recent years, which means it can earn profit when business is good.
- Its quarterly revenue stays around ₹150–₹220 crore, showing regular demand for its products.
- Its products are available in about 20–25 lakh shops across India, which is a big advantage.
- The company has low debt (around 0.2–0.4), which means it does not have too much financial burden.
Bear Case:
- Revenue growth has been very slow, around 0–3% in recent years, which shows the business is not growing much.
- Net profit has been very low or even negative in some recent quarters, sometimes below ₹5–₹10 crore.
- In some quarters, the company has reported losses, which shows the business is not stable.
- Operating profit margin is low, around 3–6%, which means the company earns very little profit from its sales.
Conclusion
It is a well-known company with a strong Nippo brand, many useful products, and a wide reach across India, which are good points for future growth. However, its recent financial performance is weak, with sales going down, low or negative profits, and unstable earnings, which are big concerns. The company is trying to improve by adding new products and using better technology, but the results are still not strong. So, the stock may have future potential, but it is risky right now, so it is better to wait for a clear improvement before investing.
