India Nippon Electricals Limited · NSE:INDNIPPON
India Nippon Electricals — Q3 FY26 Earnings Presentation
22 slides from India Nippon Electricals's earnings presentation, Feb 19, 2026
Slide 1: Exchange filing cover letter
INEL/SE/2025-26/47 February 19, 2026 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 Q3/9M-FY26
EARNINGS P R E S E N TAT I O N Q3/9M-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% 18,408 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: Q3/9M-FY26 Financial Highlights
Q3/9M-FY26 FINANCIAL HIGHLIGHTS Q3-FY26 Consolidated Financial Performance 9M-FY26 Consolidated Financial Performance INR 2,718 Mn INR 298 Mn 10.96% INR 7,690 Mn INR 839 Mn 10.91% Revenue from EBITDA EBITDA Margin Revenue from EBITDA EBITDA Margin Operations Operations INR 249 Mn 9.16% INR 11.02 INR
Slide 14: Operational Highlights
OPERATIONAL HIGHLIGHTS • Continued momentum from GST reforms supporting demand. • Q3 sales grew 27% YoY and YTD sales grew 26%, significantly outpacing 2 wheeler industry growth of 14%. • Retained No.1 position in the Flywheel market, reinforcing leadership in the core category. • Premium 2W segment
Slide 15: Quarterly Consolidated Financial Performance
QUARTERLY CONSOLIDATED FINANCIAL PERFORMANCE Particulars (INR Mn) Q3-FY26 Q3-FY25 Y-o-Y Q2-FY26 Q-o-Q Revenue from Operations 2,718 2,147 26.6% 2,726 (0.3)% Operating Expenses 2,420 1,885 28.4% 2,419 0.0% EBITDA 298 262 13.7% 307 (2.9)% EBITDA Margins (%) 10.96% 12.20% (124) Bps 11.26% (30) Bps Depr
Slide 16: YTD Consolidated Financial Performance
YTD CONSOLIDATED FINANCIAL PERFORMANCE Particulars (INR Mn) 9M-FY26 9M-FY25 Y-o-Y Revenue from Operations 7,690 6,111 25.8% Operating Expenses 6,851 5,439 26.0% EBITDA 839 672 24.9% EBITDA Margins (%) 10.91% 11.00% (9) Bps Depreciation 130 142 (8.5)% Finance Cost 2 3 (33.3)% Other Income 251 203 23.
Slide 17: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY23 FY24 FY25 9M-FY26 Revenue from Operations 6,563 7,241 8,448 7,690 Operating Expenses 6,035 6,577 7,496 6,851 EBITDA 528 664 952 839 EBITDA Margins (%) 8.05% 9.17% 11.27% 10.91% Depreciation 146 151 206 130 Finance Cost 4 4 4 2 Other Income 226
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 8,448 839 823 7,690 7,241 713 6,563 664 593 528 482 11.27% 10.91% 9.17% 9.74% 9.27% 8.05% 8.19% 7.34% FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26 Net Worth (INR Mn) ROCE &
Slide 20: Capital Market Data
CAPITAL MARKET DATA 1 Year Stock Performance (up to 31st December, 2025) Dividend Per Share 60% 15.50 40% 12.50 20% 10.25 9.25 0% -20% -40% Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 India Nippon Electricals Limited Sensex FY23 FY24 FY25 FY26 Market Data (As
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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