International Combustion (India) Ltd

International Combustion (India) Ltd

₹ 949 -2.18%
13 Dec - 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 227 Cr.
  • Current Price 949
  • High / Low 2,300 / 900
  • Stock P/E 20.3
  • Book Value 507
  • Dividend Yield 0.53 %
  • ROCE 26.4 %
  • ROE 18.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 42.0% CAGR over last 5 years

Cons

  • Company has a low return on equity of 10.8% 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
45.39 47.12 52.18 42.84 55.32 59.68 64.71 68.80 73.35 73.36 81.27 59.53 63.83
42.76 42.61 49.21 41.16 52.39 53.48 58.20 57.80 63.95 63.28 73.43 54.70 61.10
Operating Profit 2.63 4.51 2.97 1.68 2.93 6.20 6.51 11.00 9.40 10.08 7.84 4.83 2.73
OPM % 5.79% 9.57% 5.69% 3.92% 5.30% 10.39% 10.06% 15.99% 12.82% 13.74% 9.65% 8.11% 4.28%
0.27 0.33 0.18 0.14 0.34 0.20 0.31 0.32 0.26 0.17 1.10 0.34 0.40
Interest 0.27 0.36 0.43 0.47 0.51 0.54 0.51 0.84 0.84 0.77 0.66 1.57 1.30
Depreciation 1.23 1.19 1.12 1.02 1.06 1.05 1.07 1.09 1.23 1.26 1.40 1.48 1.57
Profit before tax 1.40 3.29 1.60 0.33 1.70 4.81 5.24 9.39 7.59 8.22 6.88 2.12 0.26
Tax % 14.29% 24.62% 17.50% 24.24% 30.59% 29.52% 33.59% 39.08% 33.86% 32.85% 46.22% 16.51% 19.23%
1.21 2.49 1.32 0.26 1.17 3.40 3.48 5.72 5.02 5.51 3.70 1.77 0.21
EPS in Rs 5.06 10.42 5.52 1.09 4.89 14.22 14.56 23.93 21.00 23.05 15.48 7.40 0.88
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
120 99 89 93 109 108 134 124 110 169 223 297 278
108 95 85 92 105 105 124 121 111 158 205 258 253
Operating Profit 12 3 4 1 3 3 10 3 -1 11 17 38 25
OPM % 10% 3% 4% 2% 3% 2% 7% 2% -1% 6% 8% 13% 9%
1 2 2 2 8 3 2 2 1 1 1 2 2
Interest 1 1 1 1 4 4 3 3 2 2 2 3 4
Depreciation 4 4 5 4 5 5 5 5 4 5 4 5 6
Profit before tax 7 1 1 -2 3 -4 4 -3 -7 5 12 32 17
Tax % 39% -19% -56% -71% 21% -35% 14% -41% -22% 21% 31% 38%
4 1 1 -1 2 -2 4 -2 -5 4 8 20 11
EPS in Rs 18.74 3.35 4.10 -2.13 8.95 -9.83 14.89 -7.82 -21.63 17.36 34.77 83.46 46.81
Dividend Payout % 27% 45% 37% 0% 0% 0% 7% 0% 0% 12% 9% 2%
Compounded Sales Growth
10 Years: 12%
5 Years: 17%
3 Years: 39%
TTM: 4%
Compounded Profit Growth
10 Years: 39%
5 Years: 42%
3 Years: 80%
TTM: -36%
Stock Price CAGR
10 Years: 15%
5 Years: 45%
3 Years: 44%
1 Year: -19%
Return on Equity
10 Years: 3%
5 Years: 5%
3 Years: 11%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 91 91 90 89 94 92 95 92 87 92 99 118 119
7 3 13 35 35 28 23 26 14 9 13 31 41
35 29 31 25 32 36 41 39 39 46 55 72 63
Total Liabilities 136 125 136 152 164 158 161 160 142 149 169 223 226
32 29 28 39 50 47 44 45 42 39 39 57 61
CWIP 0 1 1 6 1 0 0 0 0 0 4 3 0
Investments 21 22 26 25 31 25 22 18 15 11 11 9 10
82 73 81 82 83 86 95 96 86 98 115 154 155
Total Assets 136 125 136 152 164 158 161 160 142 149 169 223 226

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 6 -3 -6 11 7 5 -4 11 8 5 6
-6 -1 -6 -15 -8 4 3 5 3 1 -9 -19
-4 -6 9 21 -4 -11 -8 -0 -14 -7 2 14
Net Cash Flow -7 -1 0 1 -0 -0 -0 1 -0 3 -3 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 117 125 161 162 130 131 111 113 97 77 76 83
Inventory Days 178 203 302 245 258 255 229 300 287 189 164 166
Days Payable 121 114 151 107 148 167 149 160 167 115 103 106
Cash Conversion Cycle 175 214 313 301 239 220 191 254 217 151 137 143
Working Capital Days 133 152 200 195 129 125 110 149 137 93 87 94
ROCE % 8% -0% -0% -2% 5% 0% 6% -0% -4% 7% 13% 26%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.79% 52.79% 52.79% 52.80% 52.80% 52.80% 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% 0.01% 0.01% 0.01% 0.57% 0.61%
47.20% 47.20% 47.20% 47.19% 47.19% 47.18% 47.11% 47.10% 47.12% 47.11% 46.55% 46.52%
No. of Shareholders 5,1925,1205,0524,8824,8264,8615,0445,0995,3766,5316,7578,325

* 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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