India Nippon Electricals Limited (INEL) has reported strong performance in FY25, with revenue rising to ₹8,448 million. This marks an 11% year-on-year growth, higher than the overall auto industry growth during the same period. The company also improved its EBITDA margin to 11.27%, showing stronger efficiency in operations.
The company’s profit after tax (PAT) stood at ₹823 million in FY25, compared to ₹593 million in the previous year. PAT margins improved to 9.74%, reflecting better cost control and higher earnings. INEL also continues its track record of rewarding shareholders with consistent dividend payouts.
INEL, incorporated in 1984, manufactures electronic ignition systems for two-wheelers, three-wheelers, and general-purpose engines. Today, it supplies to all major automobile OEMs and holds the number one position in ignition systems in India. Over 91% of its revenue comes from two-wheeler products, while the rest comes from three-wheelers and general-purpose parts.
The company has three manufacturing plants in Tamil Nadu, Puducherry, and Haryana, supported by a state-of-the-art research and development center. Its R&D capabilities have been recognized by the Department of Science and Technology since 1994. This has helped INEL constantly innovate and launch new products, including sensors, controllers, and parts for electric vehicles.
In recent years, INEL has been expanding its portfolio to serve the electric vehicle market. It has developed DC-DC converters, traction motors, motor controllers, and modern sensors. A new technical licensing partnership with a global automotive supplier has also opened opportunities in fuel injection control units for two- and three-wheelers.
Exports and aftermarket sales are another focus area for the company. Currently, aftermarket sales contribute about 12% of total revenue, and the company aims to raise this to 15% in the coming years. INEL already exports to countries such as the USA, Japan, Italy, and Turkey, strengthening its global presence.
Despite challenges such as global trade barriers, economic slowdown in key markets, and regulatory changes, INEL has consistently grown faster than the auto industry over the past five years. Its market share in flywheel magnetos for scooters and motorcycles has reached 28%, confirming its leadership position.
With a debt-free balance sheet, strong financial performance, and increasing focus on EV technologies, India Nippon Electricals is well-positioned for long-term growth. The company’s leadership team continues to focus on innovation, customer relationships, and expanding into new geographies, ensuring it remains a key player in the evolving automotive components industry.
