India Nippon Electricals Limited · NSE:INDNIPPON
India Nippon Electricals — Q2/H1 FY2026 Earnings Presentation
22 slides from India Nippon Electricals's earnings presentation, Nov 25, 2025
Slide 1: Exchange cover letter for investor presentation
INEL/SE/2025-26/36 November 25, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot no C 1, Phiroze Jeejeebhoy Towers G Block, IFB Centre, Bandra Kurla Complex, Dalal Street Bandra (East), Mumbai - 400051 Mumbai - 400 001 Scrip: INDNIPPON Scrip: 532240 Dear Sir/
Slide 2: Earnings Presentation Q2/H1-FY26
EARNINGS PRESENTATION Q2/H1-FY26
Slide 3: Snapshot
SNAPSHOT 40+ Years 3 1 Tier 1 1,605+ Of State-of-art Supplier to Major Employees Experience Manufacturing Auto OEM’s Plants Research Center INR 30%+ 14.26% 20,441 Mn Consistent Debt Free 3 Year Revenue CAGR Market Cap Dividend Payout track record 2 EARNINGS PRESENTATION
Slide 4: Company Overview
COMPANY OVERVIEW ▪ India Nippon Electricals Limited (INEL) was incorporated in 1984 and owned by Lucas Indian Service Limited, a wholly- Revenue (INR Mn) & EBITDA Margins (%) owned subsidiary of Lucas-TVS Limited to manufacture electronic ignition systems for two-wheelers, three-wheelers and portabl
Slide 5: Geographical Presence
GEOGRAPHICAL PRESENCE INDIA ▪ USA ▪ ITALY FY25 Revenue Split ▪ CHINA 4% ▪ SLOVENIA ▪ TURKEY ▪ VIETNAM ▪ THAILAND ▪ JAPAN ▪ NEPAL ▪ SRI LANKA ▪ BANGLADESH 96% ▪ AFRICA Domestic Export 4 EARNINGS PRESENTATION
Slide 6: Key Clientele
KEY CLIENTELE *Logos are meant for representative purposes only 5 EARNINGS PRESENTATION
Slide 7: Product Portfolio
PRODUCT PORTFOLIO Electronic Ignition Controllers Sensors Electric Vehicles Aftermarket System It is a modern automotive It refers to the various It is the collection of various Recently established world-class A dedicated team is focusing on ignition system that replaces the electronic control unit
Slide 8: 2W Electric Vehicles Products
2W ELECTRIC VEHICLES PRODUCTS Traction Motor Traction motors are powered by electricity and generate the power to rotate the wheels. Traction motors are typically mounted in the trucks where the wheels are housed. Cluster Motor Controller It refers to the instrument cluster or dashboard panel found
Slide 9: Strategic Overview
Strategic Overview
Slide 10: Key Strengths
KEY STRENGTHS Strong Client base Thrust On Technology Organizational Agility Offers wide range of Strong Customer Focus Stringent Manufacturing Practices Value Addition products 9 EARNINGS PRESENTATION
Slide 11: Future Growth Strategies
FUTURE GROWTH STRATEGIES Capitalizing on Core Business Advancing Aftermarket Business Focused on exploiting the opportunities presented within core A dedicated team and several measures are taken to strengthen product business by introducing new products for two & three-wheelers. range and distribut
Slide 12: Financial Overview
Financial Overview
Slide 13: Q2/H1-FY26 Financial Highlights
Q2/H1-FY26 FINANCIAL HIGHLIGHTS Q2-FY26 Consolidated Financial Performance H1-FY26 Consolidated Financial Performance INR 2,726 Mn INR 307 Mn 11.26% INR 4,973 Mn INR 540 Mn 10.86% Revenue from EBITDA EBITDA Margin Revenue from EBITDA EBITDA Margin Operations Operations INR 232 Mn 8.51% INR 10.26 INR
Slide 14: Operational Highlights
OPERATIONAL HIGHLIGHTS • Q2 sales grew 30% YoY, significantly outperforming the 11% growth in the 2W industry • GST Reform 2.0 is helping boost ICE engine sales by reducing overall ownership costs • EV penetration remains at 7%, while production continues to be impacted by rare earth magnet supply d
Slide 15: Quarterly Consolidated Financial Performance
QUARTERLY CONSOLIDATED FINANCIAL PERFORMANCE Particulars (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y Q1-FY26 Q-o-Q Revenue from Operations 2,726 2,099 29.9% 2,247 21.3% Operating Expenses 2,419 1,859 30.1% 2,013 20.2% EBITDA 307 240 27.9% 234 31.2% EBITDA Margins (%) 11.26% 11.43% (17) Bps 10.41% 85 Bps Deprecia
Slide 16: Half Yearly Consolidated Financial Performance
HALF YEARLY CONSOLIDATED FINANCIAL PERFORMANCE Particulars (INR Mn) H1-FY26 H1-FY25 Y-o-Y Revenue from Operations 4,973 3,964 25.5% Operating Expenses 4,433 3,555 24.7% EBITDA 540 409 32.0% EBITDA Margins (%) 10.86% 10.32% 54 Bps Depreciation 85 77 10.4% Finance Cost 2 2 NA Other Income 172 188 (8.5
Slide 17: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY23 FY24 FY25 H1-FY26 Revenue from Operations 6,563 7,241 8,448 4,973 Operating Expenses 6,035 6,577 7,496 4,433 EBITDA 528 664 952 540 EBITDA Margins (%) 8.05% 9.17% 11.27% 10.86% Depreciation 146 151 206 85 Finance Cost 4 4 4 2 Other Income 226 2
Slide 18: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 EQUITY AND LIABILITIES ASSETS Equity Share Capital 113 113 113 Non-Current Assets Other Equity 6,120 6,999 7,734 Property, Plant and Equipment 1,312 1,437 1,440 Shareholders Fund 6,233 7,847 Righ
Slide 19: Financial Graphs
FINANCIAL GRAPHS Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) 952 8,448 823 7,241 6,563 664 593 528 540 4,973 11.27% 482 464 9.17% 9.74% 8.05% 10.86% 8.19% 7.34% 9.33% FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 Net Worth (INR Mn) ROCE &
Slide 20: Capital Market Data
CAPITAL MARKET DATA 1 Year Stock Performance (up to 30th September, 2025) Dividend Per Share 40% 12.50 30% 20% 10.25 9.25 10% 0% -10% 6.25 -20% -30% -40% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 India Nippon Electricals Limited Sensex FY22 FY23 FY24 FY25 Ma
Slide 21: Disclaimer
DISCLAIMER India Nippon Electricals Limited (INEL Disclaimer) No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and
Slide 22: Thank You
Thank You
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