Investment & Precision Castings Ltd
Incorporated in 1975, Investment & Precision Castings Ltd is engaged in the production of investment castings[1]
- Market Cap ₹ 1,131 Cr.
- Current Price ₹ 1,131
- High / Low ₹ 1,155 / 397
- Stock P/E 93.2
- Book Value ₹ 103
- Dividend Yield 0.09 %
- ROCE 14.4 %
- ROE 12.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 96.0% CAGR over last 5 years
Cons
- Stock is trading at 11.0 times its book value
- Company has a low return on equity of 9.67% 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
Industrials Capital Goods Industrial Products Castings & Forgings
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 77 | 85 | 92 | 108 | 119 | 95 | 105 | 132 | 170 | 171 | 165 | 188 | |
| 66 | 72 | 77 | 87 | 99 | 84 | 92 | 119 | 148 | 145 | 142 | 157 | |
| Operating Profit | 11 | 13 | 15 | 21 | 20 | 11 | 13 | 13 | 22 | 25 | 23 | 31 |
| OPM % | 14% | 15% | 16% | 19% | 17% | 12% | 12% | 10% | 13% | 15% | 14% | 16% |
| 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | |
| Interest | 4 | 4 | 4 | 4 | 5 | 7 | 6 | 6 | 7 | 7 | 7 | 6 |
| Depreciation | 4 | 5 | 5 | 5 | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 9 |
| Profit before tax | 3 | 4 | 6 | 12 | 10 | -1 | 1 | 0 | 8 | 11 | 8 | 17 |
| Tax % | 30% | 36% | 33% | 34% | -4% | -35% | 25% | 25% | 28% | 32% | 28% | 30% |
| 2 | 3 | 4 | 8 | 10 | -1 | 0 | 0 | 6 | 8 | 6 | 12 | |
| EPS in Rs | 2.15 | 2.86 | 4.21 | 7.98 | 9.98 | -0.67 | 0.48 | 0.18 | 5.56 | 7.80 | 6.07 | 11.77 |
| Dividend Payout % | 12% | 12% | 15% | 16% | 10% | -7% | 130% | 69% | 9% | 6% | 4% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 3% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 96% |
| 3 Years: | 30% |
| TTM: | 103% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 48% |
| 3 Years: | 72% |
| 1 Year: | 122% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 7% |
| 3 Years: | 10% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 10 |
| Reserves | 44 | 46 | 54 | 62 | 70 | 68 | 68 | 68 | 74 | 81 | 86 | 93 |
| 31 | 32 | 31 | 40 | 57 | 58 | 67 | 65 | 65 | 74 | 64 | 72 | |
| 13 | 18 | 16 | 24 | 31 | 30 | 38 | 45 | 58 | 42 | 39 | 42 | |
| Total Liabilities | 93 | 101 | 106 | 130 | 164 | 162 | 179 | 182 | 201 | 202 | 195 | 217 |
| 41 | 44 | 51 | 63 | 79 | 82 | 90 | 90 | 89 | 89 | 85 | 101 | |
| CWIP | 5 | 5 | 2 | 5 | 6 | 3 | 3 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 46 | 52 | 53 | 62 | 78 | 77 | 86 | 92 | 111 | 113 | 109 | 114 | |
| Total Assets | 93 | 101 | 106 | 130 | 164 | 162 | 179 | 182 | 201 | 202 | 195 | 217 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 9 | 10 | 15 | 12 | 10 | 17 | 13 | 12 | 6 | 19 | 26 | |
| -6 | -7 | -5 | -20 | -22 | -6 | -14 | -4 | -6 | -7 | -4 | -24 | |
| -3 | -3 | -5 | 5 | 10 | -5 | -2 | -9 | -6 | 2 | -16 | -0 | |
| Net Cash Flow | -0 | -1 | 0 | 0 | -0 | 0 | 1 | -0 | -1 | 1 | -1 | 2 |
| Free Cash Flow | 3 | 3 | 5 | -5 | -11 | 4 | 3 | 8 | 5 | -2 | 15 | 2 |
| CFO/OP | 89% | 82% | 80% | 87% | 67% | 96% | 130% | 106% | 65% | 28% | 91% | 95% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 87 | 70 | 76 | 63 | 68 | 98 | 79 | 77 | 78 | 92 | 76 |
| Inventory Days | 575 | 974 | 830 | 993 | 1,276 | 874 | 387 | 381 | 364 | 379 | 370 | |
| Days Payable | 298 | 652 | 458 | 665 | 708 | 637 | 280 | 302 | 169 | 213 | 202 | |
| Cash Conversion Cycle | 361 | 409 | 442 | 405 | 63 | 635 | 335 | 186 | 155 | 272 | 258 | 244 |
| Working Capital Days | 28 | 26 | 42 | 29 | 8 | -19 | 1 | -5 | -4 | 4 | 20 | 26 |
| ROCE % | 9% | 11% | 12% | 16% | 12% | 4% | 5% | 5% | 10% | 12% | 10% | 14% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Casting Capacity MTPA |
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| Auto Industry Revenue Share % of TOI |
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| Export Revenue Share % of sales |
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| Top 5 Customer Concentration % of TOI |
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| Dispatch Volume tonnes |
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| Renewable Energy Capacity MW |
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Extracted by Screener AI
Documents
Announcements
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Update on board meeting
1d - Board meets August 13, 2026 to approve Q1 FY27 results; trading window closed from July 1.
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Board Meeting Intimation for Intimation Of Q-1 2026-27 Board Meeting
1d - Board meets August 13, 2026 to approve Q1 standalone and consolidated results; trading window closed until 48 hours after results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jul - Certificate under regulation 74(5) of SEBI LODR, 2018 for the period ended as on 30th June, 2026
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51St Annual General Meeting Of Investment & Precision Castings Limited Will Be Held As On 13Th August, 2026 At 4:30 P.M.
10 Jul - 51st AGM on 13 August 2026; annual report 2025-26 enclosed.
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Credit Rating Updates
10 Jul - CARE upgraded IPCL bank facilities to BBB; Stable on July 9, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Business Overview:[1][2][3]
IPCL is an ISO 9002, ISO/TS 16949:2002, OHSAS 18001:2007 & EMS ISO 14001:2004 manufacturer of Lost-Wax in Ferrous, Non-Ferrous, Nickel and Cobalt based alloys, with weights upto 200 Kg. It
supplies fully machined, treated and ready-for-use components. IPCL is an original equipment manufacturer for domestic automobile manufacturers and does manufacturing of vacuum castings which find application across aerospace, defense and medical implants.
Company is also into wind power generation business through its 2 Wind Turbine Generators in Bhavnagar