Investment & Precision Castings Ltd
Incorporated in 1975, Investment & Precision Castings Ltd is engaged in the production of investment castings[1]
- Market Cap ₹ 336 Cr.
- Current Price ₹ 672
- High / Low ₹ 765 / 352
- Stock P/E 33.6
- Book Value ₹ 167
- Dividend Yield 0.15 %
- ROCE 10.4 %
- ROE 7.24 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 77.1%
Cons
- Stock is trading at 4.02 times its book value
- Company has a low return on equity of 2.55% 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | 66 | 69 | 77 | 85 | 92 | 108 | 119 | 95 | 105 | 132 | 170 | 176 | |
66 | 56 | 58 | 66 | 72 | 77 | 87 | 99 | 84 | 92 | 119 | 148 | 148 | |
Operating Profit | 13 | 10 | 11 | 11 | 13 | 15 | 21 | 20 | 11 | 13 | 13 | 22 | 28 |
OPM % | 16% | 16% | 16% | 14% | 15% | 16% | 19% | 17% | 12% | 12% | 10% | 13% | 16% |
0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | |
Interest | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 7 | 6 | 6 | 7 | 7 |
Depreciation | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 6 | 7 | 7 | 7 | 7 | 8 |
Profit before tax | 4 | 0 | 2 | 3 | 4 | 6 | 12 | 10 | -1 | 1 | 0 | 8 | 14 |
Tax % | 32% | 11% | 31% | 31% | 36% | 33% | 34% | -4% | 33% | 28% | 26% | 28% | |
3 | 0 | 2 | 2 | 3 | 4 | 8 | 10 | -1 | 0 | 0 | 6 | 10 | |
EPS in Rs | 5.78 | 0.78 | 3.16 | 4.28 | 5.66 | 8.34 | 15.88 | 19.86 | -1.44 | 0.84 | 0.34 | 11.12 | 19.98 |
Dividend Payout % | 17% | 64% | 16% | 12% | 12% | 15% | 16% | 10% | -7% | 149% | 74% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 21% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 31% |
5 Years: | -7% |
3 Years: | 113% |
TTM: | 443% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 21% |
3 Years: | 54% |
1 Year: | 88% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 3% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Reserves | 39 | 40 | 42 | 44 | 46 | 54 | 62 | 70 | 68 | 68 | 68 | 73 | 79 |
38 | 37 | 31 | 31 | 32 | 31 | 40 | 57 | 58 | 67 | 65 | 65 | 71 | |
16 | 13 | 16 | 13 | 18 | 16 | 23 | 31 | 30 | 38 | 44 | 58 | 53 | |
Total Liabilities | 99 | 94 | 93 | 93 | 100 | 106 | 130 | 164 | 162 | 178 | 182 | 201 | 207 |
34 | 39 | 40 | 41 | 44 | 51 | 63 | 79 | 82 | 90 | 90 | 89 | 89 | |
CWIP | 4 | 6 | 5 | 6 | 5 | 2 | 6 | 7 | 3 | 3 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
61 | 50 | 48 | 46 | 52 | 53 | 62 | 78 | 77 | 86 | 92 | 111 | 117 | |
Total Assets | 99 | 94 | 93 | 93 | 100 | 106 | 130 | 164 | 162 | 178 | 182 | 201 | 207 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 17 | 13 | 9 | 9 | 10 | 15 | 12 | 10 | 16 | 13 | 12 | |
-6 | -11 | -5 | -6 | -6 | -5 | -20 | -22 | -6 | -13 | -4 | -6 | |
4 | -5 | -8 | -3 | -3 | -5 | 5 | 10 | -5 | -2 | -9 | -6 | |
Net Cash Flow | 1 | 0 | -0 | -0 | -1 | 0 | 0 | -0 | 0 | 1 | -0 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 121 | 112 | 96 | 85 | 87 | 70 | 76 | 63 | 68 | 98 | 79 | 77 |
Inventory Days | 1,330 | 915 | 690 | 575 | 974 | 830 | 993 | 1,276 | 874 | 387 | 381 | |
Days Payable | 607 | 322 | 434 | 299 | 643 | 451 | 658 | 703 | 634 | 279 | 302 | |
Cash Conversion Cycle | 844 | 705 | 352 | 361 | 418 | 449 | 411 | 63 | 641 | 338 | 187 | 156 |
Working Capital Days | 172 | 178 | 150 | 138 | 126 | 127 | 116 | 120 | 131 | 142 | 108 | 99 |
ROCE % | 11% | 7% | 8% | 9% | 11% | 12% | 16% | 12% | 4% | 5% | 5% | 10% |
Documents
Announcements
-
Regulation 40(9) & (10)
8h - For year ended as on 31.03.2024
- Transcript Of Extra Ordinary General Meeting Of Investment & Precision Castings Limited Held As On 04.04.2024 18 Apr
- Reg. 32(1) & (3) Is Not Applicable To Us For The Year Ended As On 31St March, 2024 18 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI LODR 2015 For The Half Year Ended As On 31.03.2024 15 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 14 Apr
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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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