India Radiators Ltd
₹ 15.9
0.00%
20 Jul 2026
About
Incorporated in 1949, India Radiators Ltd
is in the business of Renting of properties[1]
Key Points
- Market Cap ₹ 1.43 Cr.
- Current Price ₹ 15.9
- High / Low ₹ 15.9 / 12.4
- Stock P/E
- Book Value ₹ -20.6
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 38.7%
- Company has high debtors of 365 days.
* 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.06 | 0.05 | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | |
| 0.83 | 0.34 | 0.27 | 0.49 | 0.72 | 0.53 | 0.43 | 0.66 | 0.15 | 0.10 | 0.31 | 0.89 | |
| Operating Profit | -0.77 | -0.29 | -0.23 | -0.47 | -0.71 | -0.52 | -0.42 | -0.61 | -0.09 | -0.04 | -0.25 | -0.83 |
| OPM % | -1,283.33% | -580.00% | -575.00% | -2,350.00% | -7,100.00% | -5,200.00% | -4,200.00% | -1,220.00% | -150.00% | -66.67% | -416.67% | -1,383.33% |
| 0.03 | 1.16 | 0.00 | 0.00 | 0.08 | 1.96 | 0.02 | 9.27 | 1.32 | 0.00 | 0.00 | 0.00 | |
| Interest | 0.30 | 0.00 | 0.24 | 0.64 | 0.59 | 0.91 | 1.48 | 1.54 | 0.72 | 0.75 | 0.80 | 0.86 |
| Depreciation | 0.40 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -1.44 | 0.84 | -0.50 | -1.14 | -1.25 | 0.50 | -1.89 | 7.12 | 0.51 | -0.79 | -1.05 | -1.69 |
| Tax % | -27.08% | 0.00% | -18.00% | -18.42% | 101.60% | -290.00% | 3.17% | 31.18% | -33.33% | -30.38% | -19.05% | -12.43% |
| -1.06 | 0.84 | -0.42 | -0.93 | -2.52 | 1.95 | -1.95 | 4.90 | 0.68 | -0.56 | -0.85 | -1.48 | |
| EPS in Rs | -11.78 | 9.33 | -4.67 | -10.33 | -28.00 | 21.67 | -21.67 | 54.44 | 7.56 | -6.22 | -9.44 | -16.44 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 43% |
| 3 Years: | 0% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | % |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| 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 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 | 0.90 |
| Reserves | -19.72 | -8.79 | 0.80 | -7.03 | -3.39 | -8.09 | -10.04 | -5.14 | -4.46 | -0.42 | -1.27 | -2.75 |
| 6.07 | 3.56 | 0.00 | 0.00 | 0.00 | 0.00 | 8.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 14.31 | 5.86 | 11.42 | 19.22 | 26.36 | 19.33 | 12.80 | 16.40 | 15.58 | 17.76 | 18.65 | 20.03 | |
| Total Liabilities | 1.56 | 1.53 | 13.12 | 13.09 | 23.87 | 12.14 | 12.12 | 12.16 | 12.02 | 18.24 | 18.28 | 18.18 |
| 1.13 | 1.09 | 12.69 | 12.66 | 18.79 | 12.11 | 12.09 | 12.09 | 11.88 | 18.02 | 18.02 | 18.02 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 5.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.43 | 0.44 | 0.43 | 0.43 | 0.00 | 0.03 | 0.03 | 0.07 | 0.14 | 0.22 | 0.26 | 0.16 | |
| Total Assets | 1.56 | 1.53 | 13.12 | 13.09 | 23.87 | 12.14 | 12.12 | 12.16 | 12.02 | 18.24 | 18.28 | 18.18 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.71 | 0.84 | 0.00 | 0.00 | 5.08 | -5.06 | -0.01 | 0.00 | -0.96 | 0.03 | -0.01 | 0.01 | |
| -0.04 | 0.00 | 0.00 | 0.00 | -5.08 | 5.08 | 0.00 | 0.00 | 0.95 | 0.00 | 0.00 | 0.00 | |
| 0.75 | -0.83 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Cash Flow | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | -0.01 | 0.00 | -0.01 | 0.03 | -0.01 | 0.01 |
| Free Cash Flow | -0.75 | 0.84 | 0.00 | 0.00 | 5.08 | -5.06 | -0.01 | 0.00 | -0.01 | 0.03 | -0.01 | 0.01 |
| CFO/OP | 92% | -290% | 0% | 0% | -715% | 973% | 2% | 0% | 1,067% | -75% | 4% | -1% |
Ratios
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 292.00 | 730.00 | 973.33 | 1,277.50 | 365.00 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 292.00 | 730.00 | 973.33 | 1,277.50 | 365.00 |
| Working Capital Days | -32,910.83 | -39,128.00 | -49,001.25 | -100,740.00 | -540,565.00 | -309,885.00 | -349,670.00 | -14,892.00 | -3,710.83 | -4,197.50 | -5,657.50 | -10,828.33 |
| ROCE % | -454.55% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue Share – Renting of Properties Segment % of total segment revenue |
|
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| Number of Permanent Employees on Rolls count |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- Scheme of amalgamation with Mercantile Ventures became effective on 23 July 2026; India Radiators will be dissolved.
- Corporate Action-Amalgamation/ Merger / Demerger
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- NCLT sanctioned amalgamation with Mercantile Ventures; record date July 24, 2026, exchange ratio 10:36.
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- NCLT sanctioned India Radiators-Mercantile Ventures amalgamation on 2 July 2026; appointed date 1 January 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) depository certificate for quarter ended 30 June 2026.
Annual reports
-
Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2013
from bse
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Annual Report 2008
from bse
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Annual Report 2003
from bse
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Annual Report 2002
from bse
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Annual Report 2000
from bse
Business Overview:[1]
IRL is currently engaged in the business of Renting of Properties.