Investment & Precision Castings Ltd

Inv.& Prec.Cast. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Investment & Precision Castings Ltd

₹ 801 -2.08%
21 Nov - close price
ipcl.in BSE: 504786
About

Incorporated in 1975, Investment & Precision Castings Ltd is engaged in the production of investment castings[1]

Key Points

Business Overview:[1][2][3]
IPCL is an ISO 9002, ISO/TS 16949:2002, OHSAS 18001:2007 & EMS ISO 14001:2004 manufacturer of Lost-Wax in Ferrous, Non-Ferrous, Nickel and Cobalt based alloys, with weights upto 200 Kg. It
supplies fully machined, treated and ready-for-use components. IPCL is an original equipment manufacturer for domestic automobile manufacturers and does manufacturing of vacuum castings which find application across aerospace, defense and medical implants.
Company is also into wind power generation business through its 2 Wind Turbine Generators in Bhavnagar

Website BSE
  • Market Cap ₹ 400 Cr.
  • Current Price ₹ 801
  • High / Low ₹ 1,049 / 484
  • Stock P/E 68.9
  • Book Value ₹ 178
  • Dividend Yield 0.12 %
  • ROCE 12.4 %
  • ROE 9.50 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 29.6%

Cons

  • Stock is trading at 4.50 times its book value
  • Company has a low return on equity of 5.67% 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

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
32.55 31.92 35.94 39.13 44.29 42.22 44.47 46.22 44.86 40.12 39.76 41.05 41.90
30.03 28.88 34.16 35.53 40.47 35.86 36.77 38.59 37.86 34.66 34.55 34.20 36.36
Operating Profit 2.52 3.04 1.78 3.60 3.82 6.36 7.70 7.63 7.00 5.46 5.21 6.85 5.54
OPM % 7.74% 9.52% 4.95% 9.20% 8.62% 15.06% 17.32% 16.51% 15.60% 13.61% 13.10% 16.69% 13.22%
0.23 0.04 0.37 0.12 0.16 0.12 0.07 0.56 0.13 0.23 0.19 0.08 0.30
Interest 1.60 1.50 1.51 1.38 1.56 1.96 1.90 1.79 1.69 1.57 2.07 1.71 1.73
Depreciation 1.86 1.85 1.82 1.93 1.81 1.81 1.83 1.86 1.96 2.00 2.00 2.00 2.04
Profit before tax -0.71 -0.27 -1.18 0.41 0.61 2.71 4.04 4.54 3.48 2.12 1.33 3.22 2.07
Tax % -21.13% -18.52% -30.51% 29.27% 27.87% 28.41% 28.22% 28.41% 27.30% 38.21% 48.12% 29.81% 25.60%
-0.56 -0.23 -0.82 0.29 0.44 1.93 2.89 3.26 2.53 1.31 0.70 2.26 1.54
EPS in Rs -1.12 -0.46 -1.64 0.58 0.88 3.86 5.78 6.52 5.06 2.62 1.40 4.52 3.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
66 69 77 85 92 108 119 95 105 132 170 171 163
56 58 66 72 77 87 99 84 92 119 148 146 140
Operating Profit 10 11 11 13 15 21 20 11 13 13 22 25 23
OPM % 16% 16% 14% 15% 16% 19% 17% 12% 12% 10% 13% 15% 14%
0 0 1 0 0 0 1 1 0 1 0 1 1
Interest 5 4 4 4 4 4 5 7 6 6 7 7 7
Depreciation 5 5 4 5 5 5 6 7 7 7 7 8 8
Profit before tax 0 2 3 4 6 12 10 -1 1 0 8 11 9
Tax % 11% 31% 31% 36% 33% 34% -4% -33% 28% 26% 28% 32%
0 2 2 3 4 8 10 -1 0 0 6 8 6
EPS in Rs 0.78 3.16 4.28 5.66 8.34 15.88 19.86 -1.44 0.84 0.34 11.12 15.58 11.62
Dividend Payout % 64% 16% 12% 12% 15% 16% 10% -7% 149% 74% 9% 6%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 18%
TTM: -8%
Compounded Profit Growth
10 Years: 17%
5 Years: -4%
3 Years: 179%
TTM: -45%
Stock Price CAGR
10 Years: 25%
5 Years: 38%
3 Years: 40%
1 Year: 19%
Return on Equity
10 Years: 6%
5 Years: 3%
3 Years: 6%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 40 42 44 46 54 62 70 68 68 68 73 81 84
37 31 31 32 31 40 57 58 67 65 65 74 71
13 16 13 18 16 23 31 30 38 44 58 42 46
Total Liabilities 94 93 93 100 106 130 164 162 178 182 201 202 207
39 40 41 44 51 63 79 82 90 90 89 89 87
CWIP 6 5 6 5 2 6 7 3 3 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
50 48 46 52 53 62 78 77 86 92 111 113 119
Total Assets 94 93 93 100 106 130 164 162 178 182 201 202 207

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 13 9 9 10 15 12 10 16 13 12 6
-11 -5 -6 -6 -5 -20 -22 -6 -13 -4 -6 -7
-5 -8 -3 -3 -5 5 10 -5 -2 -9 -6 2
Net Cash Flow 0 -0 -0 -1 0 0 -0 0 1 -0 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 112 96 85 87 70 76 63 68 98 79 77 78
Inventory Days 915 690 575 974 830 993 1,276 874 387 381 364
Days Payable 322 434 299 643 451 658 703 634 279 302 166
Cash Conversion Cycle 705 352 361 418 449 411 63 641 338 187 156 276
Working Capital Days 178 150 138 126 127 116 120 131 142 108 99 136
ROCE % 7% 8% 9% 11% 12% 16% 12% 4% 5% 5% 10% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.50% 51.50% 51.50% 51.91% 51.91% 51.91% 51.91% 51.91% 51.91% 51.91% 51.97% 51.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.24%
0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.39% 0.39% 0.39%
48.13% 48.13% 48.13% 47.72% 47.72% 47.72% 47.73% 47.72% 47.73% 47.71% 47.51% 47.40%
No. of Shareholders 3,4583,5203,4583,4273,3773,3853,3633,3173,5483,6723,7003,984

* 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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Documents

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Concalls

  • Nov 2024
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