Industrial & Prudential Investment Company Ltd

Industrial & Prudential Investment Company Ltd

₹ 5,473 -0.49%
19 Apr - close price
About

Industrial & Prudential Investment Company Ltd engaged in Non-Banking Financial activities including the business of acquiring, selling and maintaining investments. [1]

Key Points

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]

  • Market Cap 917 Cr.
  • Current Price 5,473
  • High / Low 5,742 / 1,880
  • Stock P/E 54.3
  • Book Value 2,500
  • Dividend Yield 1.10 %
  • ROCE 4.16 %
  • ROE 3.91 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 60.8%

Cons

  • Tax rate seems low
  • Company has a low return on equity of 3.85% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2.21 0.77 8.32 1.02 2.22 0.66 11.18 1.69 2.84 0.65 13.48 1.60 1.64
0.30 0.13 0.14 0.11 0.08 0.29 0.20 0.17 0.26 0.44 0.14 0.16 0.23
Operating Profit 1.91 0.64 8.18 0.91 2.14 0.37 10.98 1.52 2.58 0.21 13.34 1.44 1.41
OPM % 86.43% 83.12% 98.32% 89.22% 96.40% 56.06% 98.21% 89.94% 90.85% 32.31% 98.96% 90.00% 85.98%
0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.91 0.64 8.18 0.92 2.14 0.37 10.98 1.52 2.58 0.28 13.34 1.44 1.41
Tax % -34.55% -12.50% 14.67% 22.83% 30.84% -172.97% -0.91% 83.55% 36.43% -414.29% 9.00% -49.31% 18.44%
2.57 0.72 6.99 0.72 1.47 1.01 11.09 0.24 1.64 1.44 12.14 2.15 1.15
EPS in Rs 14.73 4.30 41.71 4.30 8.77 6.03 66.18 1.43 9.79 8.59 72.44 12.83 6.86
Raw PDF
Upcoming result date: 2 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6 8 3 8 8 8 9 10 8 13 13 17 17
1 1 1 1 1 1 1 1 3 1 1 1 1
Operating Profit 5 8 2 7 6 7 9 9 5 12 13 16 16
OPM % 89% 93% 75% 90% 86% 89% 93% 94% 66% 95% 95% 94% 94%
0 -0 0 0 0 0 0 0 5 0 0 0 0
Interest 0 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 0
Profit before tax 5 8 2 7 6 7 9 9 10 12 13 16 16
Tax % 0% -0% 0% 6% 2% 4% 4% 6% 10% 8% 13% 6%
5 8 2 7 6 7 8 9 9 11 11 15 17
EPS in Rs 29.12 45.88 11.71 38.59 37.35 39.82 47.21 49.45 49.73 66.42 65.94 87.78 100.72
Dividend Payout % 64% 41% 160% 49% 91% 63% 53% 51% 50% 38% 76% 69%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 30%
TTM: 6%
Compounded Profit Growth
10 Years: 6%
5 Years: 12%
3 Years: 46%
TTM: 21%
Stock Price CAGR
10 Years: 26%
5 Years: 44%
3 Years: 67%
1 Year: 186%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 4%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 1 2 2 2 2 2 2 2 2
Reserves 24 28 26 29 28 34 37 191 176 296 388 361 417
0 0 0 0 0 0 0 0 0 0 0 0 0
4 4 4 5 8 1 1 32 26 9 26 19 24
Total Liabilities 28 32 31 34 37 37 40 224 204 307 416 381 443
0 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 0
Investments 27 27 30 32 35 34 38 221 203 305 408 374 435
1 5 1 2 2 3 2 4 2 2 8 7 8
Total Assets 28 32 31 34 37 37 40 224 204 307 416 381 443

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 -1 0 -1 6 5 5 5 7 7 4 11
4 8 -0 5 -2 3 -1 0 -2 8 1 -3
-4 -4 -4 -4 -4 -7 -5 -5 -5 -15 -4 -8
Net Cash Flow -0 4 -4 1 0 1 -1 -0 -0 0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
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 -259 -149 -596 -217 -381 -53 -25 38 -28 -14 -2 -25
ROCE % 21% 30% 7% 25% 22% 23% 23% 8% 3% 5% 4% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.17% 68.17% 68.17% 68.17% 67.93% 68.17% 68.17% 68.17% 68.17% 68.17% 68.17% 68.17%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
31.75% 31.75% 31.75% 31.75% 31.98% 31.75% 31.75% 31.75% 31.76% 31.75% 31.75% 31.77%
No. of Shareholders 2,0502,0232,0092,0032,0211,8781,8531,8551,8431,9191,9551,979

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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