International Combustion (India) Ltd

Intl. Combustion Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

International Combustion (India) Ltd

₹ 782 -1.90%
18 Sep 1:32 p.m.
internationalcombustion.in BSE: 505737
About

Incorporated in 1936, International
Combustion (India) Ltd manufactures
and supply Heavy Engineering Equipment, Geared Motors and Gear Boxes and Dry Mix Mortars[1]

Key Points

Business Overview:[1]
ICL manufactures heavy-duty grinding mills, screening and feeding equipment, conveyors, bulk material handling equipment and industrial gearboxes, and geared motors, catering to steel, cement, fertilizer, chemical,
mining, and infrastructure industries. It also manufactures dry-mix mortars in collaboration with Cementos Capa.
Its units are in Nagpur, Kolkata, Aurangabad and Ajmer

Website BSE
  • Market Cap ₹ 187 Cr.
  • Current Price ₹ 782
  • High / Low ₹ 1,539 / 701
  • Stock P/E 19.0
  • Book Value ₹ 560
  • Dividend Yield 0.51 %
  • ROCE 11.6 %
  • ROE 10.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 59.2% CAGR over last 5 years

Cons

  • Tax rate seems low
  • Company has a low return on equity of 12.2% 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 Manufacturing Industrial Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
42.84 55.32 59.68 64.71 68.80 73.35 73.36 81.27 59.53 63.83 82.79 86.83 59.89
41.16 52.39 53.48 58.20 57.80 63.95 63.28 73.43 54.70 61.10 73.98 79.76 58.55
Operating Profit 1.68 2.93 6.20 6.51 11.00 9.40 10.08 7.84 4.83 2.73 8.81 7.07 1.34
OPM % 3.92% 5.30% 10.39% 10.06% 15.99% 12.82% 13.74% 9.65% 8.11% 4.28% 10.64% 8.14% 2.24%
0.14 0.34 0.20 0.31 0.32 0.26 0.17 1.10 0.34 0.40 2.77 0.37 0.43
Interest 0.47 0.51 0.54 0.51 0.84 0.84 0.77 0.66 1.57 1.30 1.22 0.91 1.04
Depreciation 1.02 1.06 1.05 1.07 1.09 1.23 1.26 1.40 1.48 1.57 1.61 1.70 1.66
Profit before tax 0.33 1.70 4.81 5.24 9.39 7.59 8.22 6.88 2.12 0.26 8.75 4.83 -0.93
Tax % 24.24% 30.59% 29.52% 33.59% 39.08% 33.86% 32.85% 46.22% 16.51% 19.23% 29.49% -40.58% 0.00%
0.26 1.17 3.40 3.48 5.72 5.02 5.51 3.70 1.77 0.21 6.17 6.79 -0.93
EPS in Rs 1.09 4.89 14.22 14.56 23.93 21.00 23.05 15.48 7.40 0.88 25.81 28.41 -3.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
99 89 93 109 108 134 124 110 169 223 297 293 293
95 85 92 105 105 124 121 111 158 205 258 270 273
Operating Profit 3 4 1 3 3 10 3 -1 11 17 38 23 20
OPM % 3% 4% 2% 3% 2% 7% 2% -1% 6% 8% 13% 8% 7%
2 2 2 8 3 2 2 1 1 1 2 4 4
Interest 1 1 1 4 4 3 3 2 2 2 3 5 4
Depreciation 4 5 4 5 5 5 5 4 5 4 5 6 7
Profit before tax 1 1 -2 3 -4 4 -3 -7 5 12 32 16 13
Tax % -19% -56% -71% 21% -35% 14% -41% -22% 21% 31% 38% 9%
1 1 -1 2 -2 4 -2 -5 4 8 20 15 12
EPS in Rs 3.35 4.10 -2.13 8.95 -9.83 14.89 -7.82 -21.63 17.36 34.77 83.46 62.54 51.21
Dividend Payout % 45% 37% 0% 0% 0% 7% 0% 0% 12% 9% 6% 6%
Compounded Sales Growth
10 Years: 13%
5 Years: 19%
3 Years: 20%
TTM: 2%
Compounded Profit Growth
10 Years: 41%
5 Years: 59%
3 Years: 46%
TTM: -39%
Stock Price CAGR
10 Years: 13%
5 Years: 41%
3 Years: 30%
1 Year: -40%
Return on Equity
10 Years: 4%
5 Years: 8%
3 Years: 12%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 91 90 89 94 92 95 92 87 92 99 118 131
3 13 35 35 28 23 26 14 9 13 31 33
29 31 25 32 36 41 39 39 46 55 72 64
Total Liabilities 125 136 152 164 158 161 160 142 149 169 223 230
29 28 39 50 47 44 45 42 39 39 57 60
CWIP 1 1 6 1 0 0 0 0 0 4 3 0
Investments 22 26 25 31 25 22 18 15 11 11 9 12
73 81 82 83 86 95 96 86 98 115 154 158
Total Assets 125 136 152 164 158 161 160 142 149 169 223 230

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6 -3 -6 11 7 5 -4 11 8 5 6 12
-1 -6 -15 -8 4 3 5 3 1 -9 -19 -8
-6 9 21 -4 -11 -8 -0 -14 -7 2 14 -5
Net Cash Flow -1 0 1 -0 -0 -0 1 -0 3 -3 1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 125 161 162 130 131 111 113 97 77 76 83 90
Inventory Days 203 302 245 258 255 229 300 287 189 164 166 155
Days Payable 114 151 107 148 167 149 160 167 115 103 106 94
Cash Conversion Cycle 214 313 301 239 220 191 254 217 151 137 143 152
Working Capital Days 143 174 167 97 96 83 82 91 76 65 65 71
ROCE % -0% -0% -2% 5% 0% 6% -0% -4% 7% 13% 26% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
52.80% 52.80% 52.80% 52.88% 52.88% 52.88% 52.88% 52.88% 52.88% 52.88% 52.88% 52.88%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.57% 0.61% 0.01% 0.01% 0.01%
47.19% 47.19% 47.18% 47.11% 47.10% 47.12% 47.11% 46.55% 46.52% 47.11% 47.11% 47.11%
No. of Shareholders 4,8824,8264,8615,0445,0995,3766,5316,7578,3258,5538,4838,462

* 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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