IP Rings Ltd

About

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

  • Market Cap 50.7 Cr.
  • Current Price 40.0
  • High / Low 88.8 / 29.3
  • Stock P/E
  • Book Value 79.7
  • Dividend Yield 0.00 %
  • ROCE 6.10 %
  • ROE 1.12 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.50 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.70% for last 3 years.
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Quarterly Results

Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
54.83 48.53 50.34 50.83 53.37 52.69 55.20 54.55 51.58 46.68 45.12 10.02
47.52 41.60 45.23 43.75 46.55 45.89 48.77 47.39 47.00 42.12 39.88 13.10
Operating Profit 7.31 6.93 5.11 7.08 6.82 6.80 6.43 7.16 4.58 4.56 5.24 -3.08
OPM % 13.33% 14.28% 10.15% 13.93% 12.78% 12.91% 11.65% 13.13% 8.88% 9.77% 11.61% -30.74%
Other Income 0.82 0.01 0.19 0.05 0.14 0.25 0.64 0.19 0.11 0.17 0.21 0.12
Interest 1.71 1.77 1.76 1.82 1.89 1.82 1.88 2.00 1.70 1.89 3.83 2.06
Depreciation 1.96 1.98 2.14 2.28 2.40 2.48 2.61 2.64 2.88 2.78 2.75 2.11
Profit before tax 4.46 3.19 1.40 3.03 2.67 2.75 2.58 2.71 0.11 0.06 -1.13 -7.13
Tax % 37.44% 29.78% -5.00% 26.40% 31.46% 21.09% 33.33% 26.57% -45.45% 33.33% 4.42% 27.77%
Net Profit 2.80 2.24 1.47 2.23 1.83 2.16 1.73 1.99 0.16 0.04 -1.09 -5.14
EPS in Rs 2.21 1.77 1.16 1.76 1.44 1.70 1.36 1.57 0.13 0.03 -0.86 -4.05
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
48 68 80 83 85 85 101 118 175 203 212 198 153
41 54 67 74 79 75 88 103 160 179 184 176 142
Operating Profit 7 14 12 9 5 10 13 15 15 24 28 22 11
OPM % 15% 20% 16% 11% 6% 12% 13% 13% 8% 12% 13% 11% 7%
Other Income 0 0 0 0 0 -0 0 1 1 1 1 1 1
Interest 1 1 1 4 6 6 8 9 10 7 8 9 9
Depreciation 5 5 5 5 6 7 7 7 8 8 10 11 11
Profit before tax 2 8 7 0 -6 -4 -1 0 -3 10 11 2 -8
Tax % 32% 32% 31% -100% 35% 24% 58% 12% 44% 28% 28% 36%
Net Profit 1 6 5 1 -4 -3 -0 0 -1 7 8 1 -6
EPS in Rs 0.86 4.38 3.69 0.46 -3.29 -2.17 -0.39 0.17 -1.14 5.78 6.27 0.87 -4.75
Dividend Payout % 65% 38% 45% 121% 0% 0% 0% 0% 0% 0% 16% 0%
Compounded Sales Growth
10 Years:11%
5 Years:14%
3 Years:4%
TTM:-29%
Compounded Profit Growth
10 Years:-15%
5 Years:35%
3 Years:41%
TTM:-178%
Stock Price CAGR
10 Years:-6%
5 Years:-6%
3 Years:-34%
1 Year:-39%
Return on Equity
10 Years:2%
5 Years:4%
3 Years:6%
Last Year:1%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7 7 7 7 7 7 7 7 13 13 13 13
Reserves 36 39 41 41 37 34 33 33 74 81 89 88
Borrowings 6 21 19 39 47 58 66 86 60 73 82 83
13 17 27 19 19 20 22 30 43 40 44 53
Total Liabilities 62 85 95 106 110 119 129 156 189 207 228 237
33 38 36 60 65 68 68 80 85 95 118 119
CWIP 4 16 18 3 1 3 0 1 4 4 2 19
Investments 0 0 0 0 0 0 0 0 0 0 0 0
24 31 41 42 43 48 60 74 100 108 108 99
Total Assets 62 85 95 106 110 119 129 156 189 207 228 237

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10 7 7 2 -0 1 -2 7 10 22 21 32
-5 -21 -11 -12 -8 -12 -6 -20 -18 -24 -22 -15
-6 14 4 9 7 11 8 11 12 6 2 -11
Net Cash Flow -1 0 0 -0 -1 0 0 -2 4 4 0 6

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% 16% 12% 5% -1% 3% 6% 8% 5% 11% 11% 6%
Debtor Days 72 68 62 75 80 80 88 106 102 85 85 70
Inventory Turnover 1.72 2.23 2.29 2.35 2.44 1.95 1.71 1.77 2.19 2.18 2.00 1.85

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
56.58 56.58 56.58 56.58 56.58 56.58 56.58 56.58 56.58 56.58 56.58 56.58
43.42 43.42 43.42 43.42 43.42 43.42 43.42 43.42 43.41 43.42 43.42 43.42

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