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 ₹ 186 Cr.
- Current Price ₹ 780
- High / Low ₹ 1,310 / 701
- Stock P/E
- Book Value ₹ 364
- Dividend Yield 0.51 %
- ROCE -0.02 %
- ROE -1.61 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
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: | 9% |
| 5 Years: | 42% |
| 3 Years: | 33% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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% |
Documents
Announcements
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Board Meeting Intimation for Unaudited Financial Results (Standalone) For The Second Quarter And Half-Year Ended 30Th September, 2025
3h - Board meeting 4 Nov 2025 to approve Q2/H1 results ended 30 Sep 2025; trading window closed till 7 Nov.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
17 Oct - SEBI Regulation 74(5) confirmation of dematerialisation for quarter ended 30 Sep 2025, certificate dated 8 Oct 2025.
-
Closure of Trading Window
26 Sep - Trading window closed from 1 Oct 2025 until 48 hours after Q2/HY September 30, 2025 results.
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Minutes Of Proceedings Of 89Th Annual General Meeting
26 Sep - Minutes of 89th AGM (10 Sep 2025): approved financials, Rs.4/sh dividend payable from 24 Sep 2025, director reappointment.
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Video-Recording Of Proceedings Of 89Th AGM
20 Sep - Posted YouTube video of 89th AGM held 10 September 2025; link provided on company website.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
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Financial Year 2016
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Financial Year 2015
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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