Investment & Precision Castings Ltd

About [ edit ]

Investment & Precision Castings is engaged in the production of investment castings.

  • Market Cap 116 Cr.
  • Current Price 232
  • High / Low 248 / 120
  • Stock P/E
  • Book Value 137
  • Dividend Yield 0.04 %
  • ROCE 4.13 %
  • ROE -0.97 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.45% over past five years.
  • Company has a low return on equity of 8.16% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Jun 2008 Sep 2008 Dec 2008 Mar 2011 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
19.40 22.45 19.40 14.85 19.86 25.37 23.20 23.06 23.56 7.63 26.34 34.42
15.39 16.37 14.21 12.87 15.79 23.26 19.98 20.40 20.12 10.18 24.24 28.60
Operating Profit 4.01 6.08 5.19 1.98 4.07 2.11 3.22 2.66 3.44 -2.55 2.10 5.82
OPM % 20.67% 27.08% 26.75% 13.33% 20.49% 8.32% 13.88% 11.54% 14.60% -33.42% 7.97% 16.91%
Other Income 0.03 0.10 0.07 0.06 0.00 0.07 0.10 0.08 0.32 0.08 0.04 0.23
Interest 0.34 0.26 0.33 0.35 0.83 1.51 1.59 1.43 1.96 1.33 1.46 1.54
Depreciation 1.01 1.05 1.06 1.08 0.87 1.84 1.66 1.62 1.47 1.59 1.63 1.62
Profit before tax 2.69 4.87 3.87 0.61 2.37 -1.17 0.07 -0.31 0.33 -5.39 -0.95 2.89
Tax % 36.43% 24.23% 21.71% 26.23% 43.04% 27.35% 0.00% 32.26% 21.21% 28.39% 18.95% 25.95%
Net Profit 1.70 3.68 3.02 0.44 1.35 -0.84 0.07 -0.21 0.26 -3.86 -0.77 2.14
EPS in Rs 3.40 7.36 6.04 0.88 2.70 -1.68 0.14 -0.42 0.52 -7.72 -1.54 4.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
74.22 80.09 67.55 79.17 66.06 69.37 76.55 84.93 92.04 107.57 118.68 95.19 91.95
55.83 62.07 55.74 66.25 55.77 58.13 65.72 71.89 77.16 86.71 98.68 83.72 83.14
Operating Profit 18.39 18.02 11.81 12.92 10.29 11.24 10.83 13.04 14.88 20.86 20.00 11.47 8.81
OPM % 24.78% 22.50% 17.48% 16.32% 15.58% 16.20% 14.15% 15.35% 16.17% 19.39% 16.85% 12.05% 9.58%
Other Income 0.49 0.32 0.71 0.23 0.20 0.13 0.74 0.14 0.23 0.44 0.91 0.57 0.67
Interest 1.35 1.57 2.91 4.07 5.06 4.48 4.21 4.09 3.91 4.19 5.18 6.53 6.29
Depreciation 2.97 3.89 4.61 4.84 4.98 4.60 4.28 4.66 4.99 5.14 6.17 6.59 6.31
Profit before tax 14.56 12.88 5.00 4.24 0.45 2.29 3.08 4.43 6.21 11.97 9.56 -1.08 -3.12
Tax % 33.04% 28.18% 36.20% 31.84% 11.11% 31.00% 30.52% 36.12% 32.85% 33.75% -3.87% 33.33%
Net Profit 9.75 9.25 3.19 2.89 0.39 1.58 2.14 2.83 4.17 7.94 9.93 -0.72 -2.23
EPS in Rs 19.50 18.50 6.38 5.78 0.78 3.16 4.28 5.66 8.34 15.88 19.86 -1.44 -4.46
Dividend Payout % 11.70% 10.72% 19.44% 17.16% 63.59% 15.82% 11.68% 12.37% 14.99% 15.74% 10.07% -6.94%
Compounded Sales Growth
10 Years:%
5 Years:4%
3 Years:1%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-107%
Stock Price CAGR
10 Years:11%
5 Years:9%
3 Years:-18%
1 Year:79%
Return on Equity
10 Years:%
5 Years:8%
3 Years:8%
Last Year:-1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4.96 4.96 4.96 4.96 4.96 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Reserves 34.18 41.95 37.13 39.44 39.55 41.73 43.55 45.95 54.38 61.58 69.98 67.99 63.28
Borrowings 22.89 18.40 23.73 38.48 36.94 30.84 30.74 31.88 30.98 40.07 57.28 58.43 55.51
10.63 10.83 18.12 16.12 12.97 15.71 13.22 17.50 15.80 23.44 31.26 30.22 42.77
Total Liabilities 72.66 76.14 83.94 99.00 94.42 93.28 92.51 100.33 106.16 130.09 163.52 161.64 166.56
24.72 27.38 33.27 33.79 38.52 39.66 40.93 43.80 51.16 63.00 78.66 81.82 81.00
CWIP 0.22 0.00 3.45 4.20 5.72 5.22 5.94 5.00 1.99 5.56 6.65 3.03 3.17
Investments 0.35 1.36 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
47.37 47.40 47.22 61.00 50.17 48.39 45.63 51.52 53.00 61.52 78.20 76.78 82.38
Total Assets 72.66 76.14 83.94 99.00 94.42 93.28 92.51 100.33 106.16 130.09 163.52 161.64 166.56

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-3.14 17.97 10.68 2.62 16.83 13.34 8.76 9.23 9.92 15.23 11.97 10.43
-12.44 -7.11 -14.22 -6.02 -11.06 -5.13 -5.90 -6.48 -5.02 -20.29 -22.44 -5.90
13.80 -5.62 3.41 4.23 -5.48 -8.25 -3.35 -3.31 -4.87 5.16 9.98 -4.51
Net Cash Flow -1.78 5.24 -0.13 0.83 0.29 -0.04 -0.49 -0.56 0.03 0.10 -0.49 0.02

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 31.60% 22.59% 11.18% 6.67% 8.50% 8.86% 10.54% 11.69% 16.34% 12.18% 4.13%
Debtor Days 133.27 86.32 105.10 120.56 111.50 96.45 84.78 86.94 70.27 76.14 62.71 67.91
Inventory Turnover 2.50 2.00 1.08 0.87 1.07 1.42 1.24 1.23 1.19 0.83 0.71

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
50.01 50.05 50.07 50.07 50.27 50.27 50.27 50.27 50.34 50.34 50.59 50.79
0.19 0.19 0.19 0.19 0.20 0.20 0.20 0.20 0.20 0.20 0.36 0.36
49.81 49.77 49.75 49.75 49.54 49.54 49.54 49.54 49.47 49.47 49.05 48.85

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