IP Rings Ltd

IP Rings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IP Rings Ltd

₹ 117 -3.98%
08 Jun 2:51 p.m.
iprings.com BSE: 523638
About

Incorporated in 1991, IP Rings Ltd
manufactures engine and transmission components[1]

Key Points

History[1]
IPRLwas formed as a joint venture promoted by India Pistons Ltd, Simpson & Company Limited, Tractor and Fram Equipment Ltd and Amalgamations Private Ltd in Technical and Financial collaboration with Nippon Piston Ring
Co. Ltd of Japan.

Website BSE
  • Market Cap ₹ 148 Cr.
  • Current Price ₹ 117
  • High / Low ₹ 185 / 93.0
  • Stock P/E 40.5
  • Book Value ₹ 83.5
  • Dividend Yield 0.00 %
  • ROCE 8.62 %
  • ROE 3.50 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.2% over past five years.
  • Company has a low return on equity of -0.66% 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
76.32 76.24 77.74 73.92 88.82 82.09 79.28 57.80 84.21 81.52 83.74 84.99 86.54
71.22 72.23 72.49 68.92 80.05 75.05 73.45 55.35 77.36 74.04 76.13 77.50 79.05
Operating Profit 5.10 4.01 5.25 5.00 8.77 7.04 5.83 2.45 6.85 7.48 7.61 7.49 7.49
OPM % 6.68% 5.26% 6.75% 6.76% 9.87% 8.58% 7.35% 4.24% 8.13% 9.18% 9.09% 8.81% 8.65%
0.25 1.29 0.29 0.72 0.23 0.22 0.31 0.19 1.95 0.42 1.14 1.11 2.26
Interest 3.08 3.06 2.77 2.85 2.80 2.75 2.75 2.99 3.24 3.04 3.29 3.69 3.63
Depreciation 4.23 4.16 4.32 4.24 4.15 4.08 4.38 4.61 4.54 4.23 4.44 4.41 4.46
Profit before tax -1.96 -1.92 -1.55 -1.37 2.05 0.43 -0.99 -4.96 1.02 0.63 1.02 0.50 1.66
Tax % -28.57% -36.46% 29.68% -31.39% 29.27% 32.56% -23.23% -28.23% 18.63% 26.98% 66.67% 36.00% 5.42%
-1.40 -1.22 -2.01 -0.95 1.45 0.29 -0.76 -3.56 0.83 0.46 0.34 0.32 1.57
EPS in Rs -1.10 -0.96 -1.59 -0.75 1.14 0.23 -0.60 -2.81 0.65 0.36 0.27 0.25 1.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
101 118 175 203 212 198 198 273 323 317 303 337
88 103 160 179 184 176 174 240 297 294 281 307
Operating Profit 13 15 15 24 28 22 25 33 26 23 22 30
OPM % 13% 13% 8% 12% 13% 11% 12% 12% 8% 7% 7% 9%
0 1 1 1 1 1 1 2 3 3 3 5
Interest 8 9 10 7 8 9 7 10 11 11 12 14
Depreciation 7 7 8 8 10 11 12 14 16 17 18 18
Profit before tax -1 0 -3 10 11 2 7 11 2 -3 -4 4
Tax % -58% 12% -44% 28% 28% 36% 24% 26% 27% -2% -29% 29%
-0 0 -1 7 8 1 5 8 2 -3 -3 3
EPS in Rs -0.39 0.17 -1.14 5.78 6.27 0.87 3.92 6.48 1.37 -2.15 -2.52 2.12
Dividend Payout % 0% 0% 0% 0% 16% 0% 38% 31% 73% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 1%
TTM: 11%
Compounded Profit Growth
10 Years: 32%
5 Years: -6%
3 Years: 27%
TTM: 220%
Stock Price CAGR
10 Years: 3%
5 Years: 5%
3 Years: 12%
1 Year: -15%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: -1%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 7 7 13 13 13 13 13 13 13 13 13 13
Reserves 33 33 74 81 89 88 93 99 98 94 90 93
66 86 60 73 82 82 99 113 101 87 104 123
22 30 43 40 44 54 68 75 104 114 96 97
Total Liabilities 129 156 189 207 228 237 273 301 316 308 303 326
68 80 85 95 118 119 145 154 154 146 146 151
CWIP 0 1 4 4 2 19 2 5 2 2 3 3
Investments 0 0 0 0 0 0 0 1 1 2 7 2
60 74 100 108 108 99 126 142 159 158 147 170
Total Assets 129 156 189 207 228 237 273 301 316 308 303 326

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-2 7 10 22 21 32 17 23 42 35 19 8
-6 -20 -18 -24 -22 -15 -26 -27 -13 -7 -26 -16
8 11 12 6 2 -11 4 1 -27 -27 2 7
Net Cash Flow 0 -2 4 4 0 6 -5 -3 2 1 -5 -1
Free Cash Flow -8 -13 -8 -2 -2 5 14 25 42 35 20 9
CFO/OP -12% 49% 72% 97% 85% 151% 74% 73% 168% 155% 88% 20%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 88 106 102 85 85 70 104 90 85 89 81 82
Inventory Days 273 242 211 192 225 220 288 236 194 195 185 266
Days Payable 160 157 189 155 193 173 325 282 293 324 291 314
Cash Conversion Cycle 201 192 124 121 117 117 67 44 -14 -40 -25 34
Working Capital Days -35 -104 11 -2 9 -43 -17 3 -8 -17 -22 -3
ROCE % 6% 8% 5% 11% 11% 6% 7% 10% 6% 4% 4% 9%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Actual Production - Forgings (OCF Products)
Lakhs of Pieces

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Actual Production - Piston Rings
Lakhs of Pieces
Installed Capacity - Forgings (OCF Products)
Lakhs of Pieces
Installed Capacity - Piston Rings
Lakhs of Pieces
Electricity Consumption per Unit - OCF Products
kwh / component
Electricity Consumption per Unit - Piston Rings
kwh / ring

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Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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% 43.43% 43.43% 43.44% 43.43% 43.43% 43.41% 43.42% 43.41% 43.43% 43.42% 43.43%
No. of Shareholders 6,4766,3486,6116,6226,6086,3536,2596,2256,1946,0873106,010

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