IP Rings Ltd

IP Rings is engaged in the manufacture of engine and transmission components.(Source : 201903 Annual Report Page No: 71)

  • Market Cap: 55.90 Cr.
  • Current Price: 44.10
  • 52 weeks High / Low 103.80 / 29.30
  • Book Value: 80.58
  • Stock P/E: 14.26
  • Dividend Yield: 2.27 %
  • ROCE: 10.54 %
  • ROE: 8.15 %
  • Sales Growth (3Yrs): 21.53 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.55 times its book value
Cons:
Company has low interest coverage ratio.
Company has a low return on equity of 5.53% for last 3 years.

Peer comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Figures in Rs. Crores

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
46 49 55 49 50 51 53 53 55 55 52 47
42 44 48 42 45 44 47 46 49 47 47 42
Operating Profit 4 5 7 7 5 7 7 7 6 7 5 5
OPM % 8% 10% 13% 14% 10% 14% 13% 13% 12% 13% 9% 10%
Other Income 1 0 1 0 0 0 0 0 1 0 0 0
Interest 2 2 2 2 2 2 2 2 2 2 2 2
Depreciation 2 2 2 2 2 2 2 2 3 3 3 3
Profit before tax 0 1 4 3 1 3 3 3 3 3 0 0
Tax % -558% 25% 37% 30% -5% 26% 31% 21% 33% 27% -45% 33%
Net Profit 2 1 3 2 1 2 2 2 2 2 0 0
EPS in Rs 1.95 0.65 2.21 1.77 1.16 1.76 1.44 1.71 1.36 1.57 0.13 0.03
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
54 48 68 80 83 85 85 101 118 175 203 212 208
45 41 54 67 74 79 75 88 103 160 179 185 185
Operating Profit 9 7 14 12 9 5 10 13 15 15 24 27 23
OPM % 17% 15% 20% 16% 11% 6% 12% 13% 13% 8% 12% 13% 11%
Other Income 0 0 0 0 0 0 -0 0 1 1 1 1 1
Interest 1 1 1 1 4 6 6 8 9 10 7 7 7
Depreciation 5 5 5 5 5 6 7 7 7 8 8 10 11
Profit before tax 4 2 8 7 0 -6 -4 -1 0 -3 10 11 5
Tax % 38% 32% 32% 31% -100% 35% 24% 58% 12% 44% 28% 28%
Net Profit 2 1 6 5 1 -4 -3 -0 0 -1 7 8 4
EPS in Rs 1.74 0.77 4.10 3.43 0.45 0.00 0.00 0.00 0.17 0.00 5.79 6.27 3.09
Dividend Payout % 70% 65% 38% 45% 121% -0% -0% -0% 0% -0% 0% 16%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.90%
5 Years:20.14%
3 Years:21.53%
TTM:0.38%
Compounded Profit Growth
10 Years:22.00%
5 Years:37.93%
3 Years:230.75%
TTM:-49.02%
Stock Price CAGR
10 Years:-5.36%
5 Years:-5.00%
3 Years:-32.68%
1 Year:-54.11%
Return on Equity
10 Years:3.16%
5 Years:4.11%
3 Years:5.53%
Last Year:8.15%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
7 7 7 7 7 7 7 7 7 13 13 13 13
Reserves 36 36 39 41 41 37 34 33 33 74 81 89 89
Borrowings 10 6 21 19 39 47 58 66 86 60 73 82 73
15 13 17 27 19 19 20 22 30 43 40 44 54
Total Liabilities 68 62 85 95 106 110 119 129 156 189 207 228 229
36 33 38 36 60 65 68 68 80 85 95 118 117
CWIP 1 4 16 18 3 1 3 0 1 4 4 2 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
30 24 31 41 42 43 48 60 74 100 108 108 109
Total Assets 68 62 85 95 106 110 119 129 156 189 207 228 229

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
4 10 7 7 2 -0 1 -2 7 10 22 21
-4 -5 -21 -11 -12 -8 -12 -6 -20 -18 -24 -23
0 -6 14 4 9 7 11 8 11 12 6 2
Net Cash Flow 0 -1 0 0 -0 -1 0 0 -2 4 4 0

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 9% 5% 16% 12% 5% -1% 3% 6% 8% 5% 11% 11%
Debtor Days 98 72 68 62 75 80 80 88 106 102 85 85
Inventory Turnover 1.65 1.55 1.98 1.99 2.04 2.03 1.69 1.48 1.55 1.94 1.94 1.74