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 ₹ 96.8 Cr.
- Current Price ₹ 405
- High / Low ₹ 1,049 / 400
- Stock P/E
- Book Value ₹ 364
- Dividend Yield 0.99 %
- ROCE -0.02 %
- ROE -1.61 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.11 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.24% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
|---|---|---|---|---|---|---|
| 92.47 | 108.58 | 107.64 | 134.16 | 123.95 | 98.28 | |
| 91.47 | 105.25 | 105.11 | 124.19 | 121.37 | 101.66 | |
| Operating Profit | 1.00 | 3.33 | 2.53 | 9.97 | 2.58 | -3.38 |
| OPM % | 1.08% | 3.07% | 2.35% | 7.43% | 2.08% | -3.44% |
| 1.58 | 8.67 | 2.92 | 2.41 | 1.96 | 1.89 | |
| Interest | 0.89 | 4.02 | 3.97 | 3.16 | 2.81 | 2.67 |
| Depreciation | 3.88 | 5.07 | 5.24 | 5.14 | 4.88 | 4.70 |
| Profit before tax | -2.19 | 2.91 | -3.76 | 4.08 | -3.15 | -8.86 |
| Tax % | -54.79% | 19.93% | -33.24% | 13.73% | -41.27% | |
| -0.99 | 2.33 | -2.51 | 3.53 | -1.85 | -7.09 | |
| EPS in Rs | -4.14 | 9.75 | -10.50 | 14.77 | -7.74 | -29.65 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 6.77% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -663% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 17% |
| 3 Years: | -2% |
| 1 Year: | -54% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.39 | 2.39 | 2.39 | 2.39 | 2.39 | 2.39 |
| Reserves | 88.80 | 93.92 | 91.27 | 94.60 | 91.86 | 84.55 |
| 35.32 | 35.22 | 28.22 | 23.23 | 26.19 | 15.91 | |
| 24.71 | 32.48 | 35.69 | 40.57 | 38.72 | 39.35 | |
| Total Liabilities | 151.22 | 164.01 | 157.57 | 160.79 | 159.16 | 142.20 |
| 38.63 | 50.40 | 47.02 | 44.35 | 45.35 | 43.44 | |
| CWIP | 5.78 | 0.70 | 0.39 | 0.00 | 0.00 | 0.00 |
| Investments | 24.50 | 30.31 | 24.09 | 21.23 | 17.57 | 14.17 |
| 82.31 | 82.60 | 86.07 | 95.21 | 96.24 | 84.59 | |
| Total Assets | 151.22 | 164.01 | 157.57 | 160.79 | 159.16 | 142.20 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|
| -5.61 | 11.26 | 6.96 | 5.41 | -4.02 | |
| -14.86 | -7.77 | 3.99 | 2.72 | 5.29 | |
| 20.97 | -3.90 | -11.03 | -8.23 | -0.20 | |
| Net Cash Flow | 0.50 | -0.41 | -0.08 | -0.10 | 1.07 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|
| Debtor Days | 160.45 | 129.76 | 131.47 | 110.89 | 113.31 |
| Inventory Days | 251.91 | 258.00 | 255.15 | 228.57 | 300.38 |
| Days Payable | 107.90 | 148.28 | 167.10 | 148.70 | 159.77 |
| Cash Conversion Cycle | 304.47 | 239.48 | 219.51 | 190.77 | 253.92 |
| Working Capital Days | 166.85 | 96.68 | 95.66 | 83.44 | 82.16 |
| ROCE % | 5.25% | 0.12% | 5.86% | -0.02% |
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 ・Standalone data |
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| Gross Current Assets (Working Capital Cycle) Days ・Standalone data |
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| Number of Permanent Employees Count ・Standalone data |
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Documents
Announcements
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Special Window For Transfer And Dematerialisation Of Physical Shares
27 Feb - Special window for transfer/demat of physical shares (pre-1 Apr 2019), open 5 Feb 2026–4 Feb 2027.
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Announcement under Regulation 30 (LODR)-Credit Rating
27 Feb - CRISIL reaffirmed long-term CRISIL BBB and short-term A3+; Negative outlook, 27 Feb 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb
- Unaudited Financial Results (Standalone) For The Third Quarter And Nine Months' Period Ended 31St December, 2025 6 Feb
-
Board Meeting Intimation for Unaudited Financial Results (Standalone) For The Third Quarter And Nine Months' Period Ended 31St December, 2025
31 Jan - Board meeting on 6 Feb 2026 to approve Q3/9M unaudited results; trading window closed till 10 Feb 2026.
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
from bse
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Financial Year 2017
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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
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Financial Year 2013
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Financial Year 2012
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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