International Combustion (India) Ltd

International Combustion (India) Ltd

₹ 2,119 6.06%
03 May - 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 506 Cr.
  • Current Price 2,119
  • High / Low 2,300 / 461
  • Stock P/E
  • Book Value 364
  • Dividend Yield 0.14 %
  • ROCE -0.02 %
  • ROE -1.61 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 5.83 times its book value
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
25.81 34.82 33.17 40.35 26.64 34.86 28.98 33.46 6.96 28.88
24.16 32.12 31.77 36.16 26.71 33.53 30.30 30.86 11.59 28.91
Operating Profit 1.65 2.70 1.40 4.19 -0.07 1.33 -1.32 2.60 -4.63 -0.03
OPM % 6.39% 7.75% 4.22% 10.38% -0.26% 3.82% -4.55% 7.77% -66.52% -0.10%
0.54 0.38 0.74 0.76 -0.07 1.00 0.58 0.49 0.48 0.34
Interest 0.82 0.83 0.70 0.82 0.72 0.76 0.62 0.70 0.79 0.56
Depreciation 1.23 1.28 1.30 1.33 1.12 1.20 1.29 1.28 1.07 1.06
Profit before tax 0.14 0.97 0.14 2.80 -1.98 0.37 -2.65 1.11 -6.01 -1.31
Tax % 42.86% 49.48% 50.00% -1.79% 7.58% 56.76% -3.40% -129.73% 5.32% 8.40%
0.07 0.49 0.08 2.85 -1.83 0.16 -2.74 2.55 -5.69 -1.21
EPS in Rs 0.29 2.05 0.33 11.92 -7.66 0.67 -11.46 10.67 -23.80 -5.06
Raw PDF

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: 29%
5 Years: 53%
3 Years: 127%
1 Year: 326%
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 195.86 128.78 124.85 109.83 148.71
ROCE % 5.25% 0.12% 5.86% -0.02%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.79% 52.79% 52.79% 52.79% 52.79% 52.80% 52.80% 52.80% 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% 0.01% 0.01%
47.20% 47.20% 47.20% 47.20% 47.20% 47.19% 47.19% 47.18% 47.11% 47.10% 47.12% 47.11%
No. of Shareholders 5,5925,4495,1925,1205,0524,8824,8264,8615,0445,0995,3766,531

* 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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