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 ₹ 112 Cr.
- Current Price ₹ 470
- High / Low ₹ 850 / 346
- Stock P/E
- Book Value ₹ 364
- Dividend Yield 0.85 %
- 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: | 3% |
| 5 Years: | 19% |
| 3 Years: | -24% |
| 1 Year: | -43% |
| 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 |
| Free Cash Flow | -22.77 | 1.29 | 2.80 | 3.75 | -10.20 |
| CFO/OP | -616% | 335% | 283% | 54% | -112% |
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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Mineral & Material Processing Segment Share of External Revenue % ・Standalone data |
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| Number of Permanent Employees count ・Standalone data |
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| Building Material Segment Share of External Revenue % ・Standalone data |
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| Export Revenue (Outside India) Rs lakh ・Standalone data |
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| Order Book Rs crore ・Standalone data |
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| Customer Concentration - Top 10 Customers Share of Total Sales % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication regarding the Special Window for Transfer and Dematerialization of Shares Physical Securities pursuant to SEBI Circular.
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL downgraded Rs.125 crore bank facilities to BBB-/Stable and A3 from BBB/Negative and A3+.
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Reappointment Of Executive Director (Whole Time Director)
- Shareholders approved Mr. Rana Pratap Singh’s reappointment as Executive Director for May 1, 2026 to April 30, 2029.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Submitted AGM voting results and scrutinizer report; all six resolutions passed on August 19, 2026.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- International Combustion held its 90th AGM on August 19, 2026; FY26 revenue was Rs.293.40 crore, loss before tax Rs.3.20 crore.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Overview:[1]
The Company is an engineering equipment manufacturer serving core industries such as steel, cement, fertiliser, chemicals, mining and infrastructure. Its product portfolio includes grinding mills, screening and feeding equipment, conveyors, bulk material handling equipment, crushers, dryers, sizers, screen decks, flip flow screens, industrial gearboxes and geared motors. Its Building Material Division in Ajmer, Rajasthan manufactures building material products for the construction industry.