International Combustion (India) Ltd

₹ 599 3.67%

28 Jul - 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]
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.

Website BSE

Market Cap ₹ 143 Cr.
Current Price ₹ 599
High / Low ₹ 891 / 346
Stock P/E
Book Value ₹ 364
Dividend Yield 0.67 %
ROCE -0.02 %
ROE -1.61 %
Face Value ₹ 10.0

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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

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Detailed Comparison with:

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

Upcoming result date: tomorrow

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:	6%
5 Years:	21%
3 Years:	-13%
1 Year:	-29%

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

Building Material Segment Share of External Revenue
% ・Standalone data

Export Revenue (Outside India)
Rs lakh ・Standalone data

Order Book
Rs crore ・Standalone data

Customer Concentration - Top 10 Customers Share of Total Sales
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.88%	52.88%	52.88%	52.88%	52.88%	52.88%	52.88%	52.88%	52.88%	52.88%	52.88%	52.88%
	0.01%	0.01%	0.01%	0.57%	0.61%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	47.10%	47.12%	47.11%	46.55%	46.52%	47.11%	47.11%	47.11%	47.11%	47.11%	47.12%	47.13%
No. of Shareholders	5,099	5,376	6,531	6,757	8,325	8,553	8,483	8,462	8,206	8,032	7,890	7,697

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	53.00%	52.79%	52.79%	52.79%	52.79%	52.79%	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%
	46.99%	47.20%	47.20%	47.20%	47.20%	47.20%	47.18%	47.11%	47.11%	47.12%	47.13%
No. of Shareholders	5,973	6,751	6,420	6,086	5,697	5,120	4,861	6,531	8,483	7,890	7,697

* 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.

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International Combustion (India) Ltd

International Combustion (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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