International Combustion (India) Ltd

International Combustion (India) Ltd

₹ 509 0.21%
29 May - close price
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

  • Market Cap 122 Cr.
  • Current Price 509
  • High / Low 936 / 346
  • Stock P/E
  • Book Value 547
  • Dividend Yield 0.79 %
  • ROCE 0.48 %
  • ROE -1.42 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.93 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.33% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
64.71 68.80 73.35 73.36 81.27 59.53 63.83 82.79 86.83 59.89 75.33 72.19 86.00
58.20 57.80 63.95 63.28 73.43 54.70 61.10 73.98 79.76 58.55 73.11 72.68 82.76
Operating Profit 6.51 11.00 9.40 10.08 7.84 4.83 2.73 8.81 7.07 1.34 2.22 -0.49 3.24
OPM % 10.06% 15.99% 12.82% 13.74% 9.65% 8.11% 4.28% 10.64% 8.14% 2.24% 2.95% -0.68% 3.77%
0.31 0.32 0.26 0.17 1.10 0.34 0.40 2.77 0.37 0.43 0.24 0.39 -0.31
Interest 0.51 0.84 0.84 0.77 0.66 1.57 1.30 1.22 0.91 1.04 0.70 0.77 0.96
Depreciation 1.07 1.09 1.23 1.26 1.40 1.48 1.57 1.61 1.70 1.66 1.63 1.73 1.77
Profit before tax 5.24 9.39 7.59 8.22 6.88 2.12 0.26 8.75 4.83 -0.93 0.13 -2.60 0.20
Tax % 33.59% 39.08% 33.86% 32.85% 46.22% 16.51% 19.23% 29.49% -40.58% 0.00% 15.38% 2.31% -440.00%
3.48 5.72 5.02 5.51 3.70 1.77 0.21 6.17 6.79 -0.93 0.12 -2.65 1.08
EPS in Rs 14.56 23.93 21.00 23.05 15.48 7.40 0.88 25.81 28.41 -3.89 0.50 -11.09 4.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
89 93 109 108 134 124 110 169 223 297 293 293
85 92 105 105 124 121 111 158 205 258 270 287
Operating Profit 4 1 3 3 10 3 -1 11 17 38 23 6
OPM % 4% 2% 3% 2% 7% 2% -1% 6% 8% 13% 8% 2%
2 2 8 3 2 2 1 1 1 2 4 1
Interest 1 1 4 4 3 3 2 2 2 3 5 3
Depreciation 5 4 5 5 5 5 4 5 4 5 6 7
Profit before tax 1 -2 3 -4 4 -3 -7 5 12 32 16 -3
Tax % -56% -71% 21% -35% 14% -41% -22% 21% 31% 38% 9% -25%
1 -1 2 -2 4 -2 -5 4 8 20 15 -2
EPS in Rs 4.10 -2.13 8.95 -9.83 14.89 -7.82 -21.63 17.36 34.77 83.46 62.54 -10.00
Dividend Payout % 37% 0% 0% 0% 7% 0% 0% 12% 9% 6% 6% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 22%
3 Years: 10%
TTM: 0%
Compounded Profit Growth
10 Years: -2%
5 Years: 10%
3 Years: %
TTM: -115%
Stock Price CAGR
10 Years: 8%
5 Years: 16%
3 Years: 1%
1 Year: -44%
Return on Equity
10 Years: 4%
5 Years: 8%
3 Years: 8%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 90 89 94 92 95 92 87 92 99 118 131 128
13 35 35 28 23 26 14 9 13 31 33 27
31 25 32 36 41 39 39 46 55 72 64 76
Total Liabilities 136 152 164 158 161 160 142 149 169 223 230 234
28 39 50 47 44 45 42 39 39 57 60 59
CWIP 1 6 1 0 0 0 0 0 4 3 0 1
Investments 26 25 31 25 22 18 15 11 11 9 12 13
81 82 83 86 95 96 86 98 115 154 158 162
Total Assets 136 152 164 158 161 160 142 149 169 223 230 234

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-3 -6 11 7 5 -4 11 8 5 6 12
-6 -15 -8 4 3 5 3 1 -9 -19 -8
9 21 -4 -11 -8 -0 -14 -7 2 14 -5
Net Cash Flow 0 1 -0 -0 -0 1 -0 3 -3 1 0
Free Cash Flow -9 -23 1 3 4 -10 10 6 -5 -15 7
CFO/OP -81% -429% 329% 272% 55% -97% -829% 89% 40% 30% 71%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 161 162 130 131 111 113 97 77 76 83 90 85
Inventory Days 302 245 258 255 229 300 287 189 164 166 155 150
Days Payable 151 107 148 167 149 160 167 115 103 106 94 111
Cash Conversion Cycle 313 301 239 220 191 254 217 151 137 143 152 125
Working Capital Days 174 167 97 96 83 82 91 76 65 65 71 71
ROCE % -0% -2% 5% 0% 6% -0% -4% 7% 13% 26% 12% 0%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Trade Receivables Turnover Ratio
Times

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Gross Current Assets (Working Capital Cycle)
Days
Number of Permanent Employees
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.88% 52.88% 52.88% 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% 0.57% 0.61% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
47.11% 47.10% 47.12% 47.11% 46.55% 46.52% 47.11% 47.11% 47.11% 47.11% 47.11% 47.12%
No. of Shareholders 5,0445,0995,3766,5316,7578,3258,5538,4838,4628,2068,0327,890

* 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.

Click on the line-items to see the names of individual entities.

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