Investment & Precision Castings Ltd

₹ 510 -2.50%

31 Oct - close price

About

Incorporated in 1975, Investment & Precision Castings Ltd is engaged in the production of investment castings^[1]

Key Points

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

Website BSE

Market Cap ₹ 510 Cr.
Current Price ₹ 510
High / Low ₹ 577 / 279
Stock P/E 85.3
Book Value ₹ 91.3
Dividend Yield 0.10 %
ROCE 9.59 %
ROE 6.78 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 59.5% CAGR over last 5 years

Cons

Stock is trading at 5.59 times its book value
The company has delivered a poor sales growth of 11.6% over past five years.
Company has a low return on equity of 7.83% 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	39.13	44.29	42.22	44.47	46.22	44.86	40.12	39.76	41.05	41.90	39.60	42.51	44.90
	35.53	40.47	35.86	36.77	38.59	37.86	34.66	34.55	34.20	36.36	35.55	36.46	38.50
Operating Profit	3.60	3.82	6.36	7.70	7.63	7.00	5.46	5.21	6.85	5.54	4.05	6.05	6.40
OPM %	9.20%	8.62%	15.06%	17.32%	16.51%	15.60%	13.61%	13.10%	16.69%	13.22%	10.23%	14.23%	14.25%
	0.12	0.16	0.12	0.07	0.56	0.13	0.23	0.19	0.08	0.30	0.19	0.17	0.22
Interest	1.38	1.56	1.96	1.90	1.79	1.69	1.57	2.07	1.71	1.73	1.66	1.63	1.59
Depreciation	1.93	1.81	1.81	1.83	1.86	1.96	2.00	2.00	2.00	2.04	2.06	2.03	2.02
Profit before tax	0.41	0.61	2.71	4.04	4.54	3.48	2.12	1.33	3.22	2.07	0.52	2.56	3.01
Tax %	29.27%	27.87%	28.41%	28.22%	28.41%	27.30%	38.21%	48.12%	29.81%	25.60%	30.77%	26.17%	27.91%
	0.29	0.44	1.93	2.89	3.26	2.53	1.31	0.70	2.26	1.54	0.37	1.90	2.17
EPS in Rs	0.29	0.44	1.93	2.89	3.26	2.53	1.31	0.70	2.26	1.54	0.37	1.90	2.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	69	77	85	92	108	119	95	105	132	170	171	165	169
	58	66	72	77	87	99	84	92	119	148	146	142	147
Operating Profit	11	11	13	15	21	20	11	13	13	22	25	23	22
OPM %	16%	14%	15%	16%	19%	17%	12%	12%	10%	13%	15%	14%	13%
	0	1	0	0	0	1	1	0	1	0	1	1	1
Interest	4	4	4	4	4	5	7	6	6	7	7	7	7
Depreciation	5	4	5	5	5	6	7	7	7	7	8	8	8
Profit before tax	2	3	4	6	12	10	-1	1	0	8	11	8	8
Tax %	31%	31%	36%	33%	34%	-4%	-33%	28%	26%	28%	32%	28%
	2	2	3	4	8	10	-1	0	0	6	8	6	6
EPS in Rs	1.58	2.14	2.83	4.17	7.94	9.93	-0.72	0.42	0.17	5.56	7.79	6.06	5.98
Dividend Payout %	16%	12%	12%	15%	16%	10%	-7%	149%	74%	9%	6%	4%

Compounded Sales Growth
10 Years:	8%
5 Years:	12%
3 Years:	8%
TTM:	2%

Compounded Profit Growth
10 Years:	12%
5 Years:	60%
3 Years:	228%
TTM:	-12%

Stock Price CAGR
10 Years:	25%
5 Years:	48%
3 Years:	55%
1 Year:	21%

Return on Equity
10 Years:	6%
5 Years:	5%
3 Years:	8%
Last Year:	7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5	5	5	5	5	5	5	5	5	5	5	5
Reserves	42	44	46	54	62	70	68	68	68	73	81	86
	31	31	32	31	40	57	58	67	65	65	74	64
	16	13	18	16	23	31	30	38	44	58	42	48
Total Liabilities	93	93	100	106	130	164	162	178	182	201	202	204
	40	41	44	51	63	79	82	90	90	89	89	85
CWIP	5	6	5	2	6	7	3	3	0	0	-0	1
Investments	0	0	0	0	0	0	0	0	0	-0	-0	-0
	48	46	52	53	62	78	77	86	92	111	113	119
Total Assets	93	93	100	106	130	164	162	178	182	201	202	204

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	13	9	9	10	15	12	10	16	13	12	6	19
	-5	-6	-6	-5	-20	-22	-6	-13	-4	-6	-7	-4
	-8	-3	-3	-5	5	10	-5	-2	-9	-6	2	-16
Net Cash Flow	-0	-0	-1	0	0	-0	0	1	-0	-1	1	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	96	85	87	70	76	63	68	98	79	77	78	92
Inventory Days	690	575	974	830	993		1,276	874	387	381	364	379
Days Payable	434	299	643	451	658		703	634	279	302	169	212
Cash Conversion Cycle	352	361	418	449	411	63	641	338	187	156	272	259
Working Capital Days	30	28	27	42	29	8	-18	1	-5	-4	4	20
ROCE %	8%	9%	11%	12%	16%	12%	4%	5%	5%	10%	12%	10%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	51.91%	51.91%	51.91%	51.91%	51.91%	51.91%	51.97%	51.97%	51.97%	51.97%	51.97%	51.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.24%	0.24%	0.22%	0.00%	0.00%
	0.37%	0.37%	0.37%	0.37%	0.37%	0.39%	0.39%	0.39%	0.39%	0.39%	0.00%	0.00%
	47.72%	47.72%	47.73%	47.72%	47.73%	47.71%	47.51%	47.40%	47.40%	47.42%	48.04%	48.03%
No. of Shareholders	3,377	3,385	3,363	3,317	3,548	3,672	3,700	3,984	4,121	4,058	4,903	4,920

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	50.01%	50.01%	50.07%	50.27%	50.79%	51.50%	51.91%	51.91%	51.97%	51.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.22%	0.00%
	0.00%	0.19%	0.19%	0.20%	0.36%	0.37%	0.37%	0.39%	0.39%	0.00%
	49.99%	49.81%	49.75%	49.54%	48.85%	48.13%	47.72%	47.71%	47.42%	48.03%
No. of Shareholders	3,568	3,594	4,081	3,797	3,506	3,520	3,385	3,672	4,058	4,920

* 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.

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Investment & Precision Castings Ltd

Investment & Precision Castings Ltd

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Quarterly Results

Profit & Loss

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