International Combustion (India) Ltd
Incorporated in 1936, International
Combustion (India) Ltd manufactures
and supply Heavy Engineering Equipment, Geared Motors and Gear Boxes and Dry Mix Mortars[1]
- 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 |
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| Number of Permanent Employees Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5h - Copy of Newspaper publication regarding Audited Financial Results (Standalone) for the Quarter and Year ended 31st March 2026 published in Business Standard (English - All …
- Audited Financial Results (Standalone) Of The Company For The Quarter And Financial Year Ended 31St March 2026 1d
-
Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 28Th May 2026
1d - Board approved FY26 audited results, no dividend, reappointed auditors, and fixed AGM for 19 August 2026.
-
Board Meeting Intimation for Board Meeting Intimation For Approval Of Annual Audited Financial Results & Recommendation Of Dividend, If Any, For FY 2025-26
21 May - Board meeting on 28 May 2026 to approve FY26 audited results and consider dividend.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Newspaper advertisement published in Business Standard (English-All Editions) and Ei Samay (Bengali) for Special Window for Transfer and dematerialization of physical securities.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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