Industrial & Prudential Investment Company Ltd
Industrial & Prudential Investment Company Ltd engaged in Non-Banking Financial activities including the business of acquiring, selling and maintaining investments. [1]
- Market Cap ₹ 863 Cr.
- Current Price ₹ 5,150
- High / Low ₹ 5,889 / 1,962
- Stock P/E 17.4
- Book Value ₹ 4,591
- Dividend Yield 1.17 %
- ROCE 7.23 %
- ROE 7.12 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.12 times its book value
- Company has delivered good profit growth of 21.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 25.3%
Cons
- The company has delivered a poor sales growth of 1.16% over past five years.
- Tax rate seems low
- Company has a low return on equity of 6.97% over last 3 years.
- Earnings include an other income of Rs.45.0 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 3 | 8 | 8 | 8 | 5 | 6 | 3 | 8 | 7 | 7 | 6 | |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | |
Operating Profit | 8 | 2 | 7 | 7 | 7 | 5 | 5 | 0 | 7 | 6 | 6 | 5 |
OPM % | 93% | 75% | 90% | 89% | 89% | 88% | 89% | 9% | 91% | 91% | 86% | 87% |
-0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 20 | 32 | 39 | 45 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 8 | 2 | 7 | 7 | 7 | 5 | 5 | 26 | 27 | 38 | 46 | 50 |
Tax % | -0% | 0% | 6% | 2% | 4% | 7% | 25% | 7% | 4% | 4% | 2% | 2% |
8 | 2 | 21 | 21 | 21 | 20 | 19 | 24 | 26 | 37 | 45 | 49 | |
EPS in Rs | 47.59 | 12.24 | 125.24 | 125.94 | 120.44 | 114.31 | 108.41 | 140.09 | 157.12 | 220.01 | 266.86 | 295.14 |
Dividend Payout % | 39% | 153% | 15% | 27% | 21% | 22% | 23% | 18% | 16% | 23% | 23% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 1% |
3 Years: | -9% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 21% |
3 Years: | 23% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 42% |
3 Years: | 65% |
1 Year: | 150% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Reserves | 31 | 30 | 148 | 163 | 183 | 197 | 329 | 321 | 512 | 617 | 618 | 768 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
4 | 4 | 5 | 8 | 1 | 1 | 85 | 79 | 9 | 26 | 19 | 32 | |
Total Liabilities | 36 | 35 | 154 | 171 | 186 | 199 | 416 | 402 | 523 | 645 | 639 | 802 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 31 | 33 | 152 | 169 | 183 | 197 | 411 | 400 | 521 | 637 | 632 | 794 |
5 | 1 | 3 | 2 | 3 | 2 | 5 | 3 | 2 | 8 | 7 | 7 | |
Total Assets | 36 | 35 | 154 | 171 | 186 | 199 | 416 | 402 | 523 | 645 | 639 | 802 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1 | 0 | -1 | 6 | 5 | 5 | 5 | 7 | 7 | 4 | 11 | 14 | |
8 | -0 | 5 | -2 | 3 | -1 | 0 | -2 | 7 | 1 | -3 | -4 | |
-4 | -4 | -4 | -4 | -7 | -5 | -5 | -5 | -15 | -5 | -8 | -10 | |
Net Cash Flow | 3 | -3 | 1 | 0 | 1 | -1 | 0 | 0 | -1 | 0 | -0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -144 | -571 | -212 | -370 | -51 | -43 | 65 | -66 | -24 | -4 | -57 | -29 |
ROCE % | 27% | 7% | 8% | 4% | 4% | 2% | 2% | 7% | 7% | 7% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 May - Newspaper advertisement in Financial Express (English) and Aaj Kal (Bengali) dated 03-05-2024 for publication of audited results for year ended 31st March, 2024 as approved …
- Related Party Transactions For Half Year Ended 31-03-2024 2 May
- Approval Of Audited Financial Results Standalone And Consolidated Results For FY 31-03-2024 2 May
- Approval Of Audited Financial Results Standalone And Consolidated Results For FY 31-03-2024 2 May
- Corporate Action-Board approves Dividend 2 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Revenue Split
Dividend Income: 38% in FY21 vs 100% in FY20
Net Gain on Fair Value Changes: 62% in FY21 vs NIL in FY20 [1]
Investment Portfolio
The Co had investments worth 520 crores as of March 2021. These investments include a 21.5% stake in kSB ltd (associate company), investments in mutual funds and holdings in equity shares of listed companies like Infosys, Nestle, HUL, Titan etc. [2]
Amalgamation
The Co has approved amalgamation of its wholly owned subsidiary, New Holding and Trading Co. Ltd with the Company. The matter is currently with NCLT. [3]
Buyback
The Co bought back 69,500 fully paid equity shares representing up to 3.98% of the total paid-up Equity shares of the company during FY21 at a price of 1200/share for an outlay of 8.3 crores. [4]
Increase in Holdings
During FY21, the Co has purchased 1 lakh equity shares of KSB Limited (Associate Company) at a cost of Rs 8 crores. [5]