IP Rings Ltd

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

IP Rings Ltd

₹ 221 0.50%
01 Oct 4:01 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 ₹ 280 Cr.
  • Current Price ₹ 221
  • High / Low ₹ 262 / 126
  • Stock P/E
  • Book Value ₹ 83.6
  • Dividend Yield 0.00 %
  • ROCE 4.05 %
  • ROE -2.95 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 59.1 days to 41.1 days

Cons

  • Stock is trading at 2.64 times its book value
  • Company has low interest coverage ratio.

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
71.95 71.84 79.10 85.35 82.54 76.32 76.24 77.74 73.92 88.82 82.09
65.58 62.87 70.68 78.81 76.89 71.22 72.23 72.56 68.92 80.59 75.21
Operating Profit 6.37 8.97 8.42 6.54 5.65 5.10 4.01 5.18 5.00 8.23 6.88
OPM % 8.85% 12.49% 10.64% 7.66% 6.85% 6.68% 5.26% 6.66% 6.76% 9.27% 8.38%
0.53 1.49 0.94 0.90 1.28 0.32 1.36 0.29 0.76 0.23 0.22
Interest 2.74 2.46 2.42 2.57 2.81 3.08 3.06 2.77 2.85 2.80 2.75
Depreciation 3.61 3.71 3.79 3.93 4.00 4.23 4.16 4.32 4.24 4.15 4.08
Profit before tax 0.55 4.29 3.15 0.94 0.12 -1.89 -1.85 -1.62 -1.33 1.51 0.27
Tax % 36.36% 18.18% 31.11% 14.89% 83.33% -29.63% -37.84% 28.40% -32.33% 39.74% 51.85%
0.35 3.52 2.17 0.80 0.02 -1.33 -1.15 -2.08 -0.90 0.91 0.13
EPS in Rs 0.28 2.78 1.71 0.63 0.02 -1.05 -0.91 -1.64 -0.71 0.72 0.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
273 323 317 323
240 297 294 297
Operating Profit 33 26 23 25
OPM % 12% 8% 7% 8%
2 3 3 2
Interest 10 11 11 11
Depreciation 14 16 17 17
Profit before tax 11 2 -3 -1
Tax % 26% 28% -2%
8 2 -3 -2
EPS in Rs 6.47 1.32 -2.55 -1.53
Dividend Payout % 31% 76% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -17%
Stock Price CAGR
10 Years: 15%
5 Years: 30%
3 Years: 20%
1 Year: 60%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13
Reserves 99 98 93
113 101 87
75 104 114
Total Liabilities 301 316 307
154 154 146
CWIP 5 2 2
Investments 0 1 1
142 159 158
Total Assets 301 316 307

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
23 42 35
-27 -13 -7
1 -27 -27
Net Cash Flow -3 2 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 90 85 89
Inventory Days 236 194 195
Days Payable 282 293 324
Cash Conversion Cycle 44 -14 -40
Working Capital Days 81 55 41
ROCE % 6% 4%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
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% 43.41% 43.42% 43.42% 43.42% 43.43% 43.43% 43.44% 43.43%
No. of Shareholders 6,6496,5866,5586,5376,5056,4466,4576,4766,3486,6116,6226,608

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