IP Rings

IP Rings Ltd.

NSE: IPRINGLTD BSE: 523638 SECTOR: Auto Ancillary  8503   11   2

86.77
+1.54 (1.81%)
BSE: Today, 05:10 PM

Price Summary

Today's High

₹ 87

Today's Low

₹ 85.4

52 Week High

₹ 144

52 Week Low

₹ 0

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 109.99 Cr.

Enterprise Value

₹ 214.56 Cr.

No. of Shares

1.27 Cr.

P/E

63.36

P/B

0.99

Face Value

₹ 10

Div. Yield

1.15 %

Book Value (TTM)

₹  87.56

CASH

₹ 3.48 Cr.

DEBT

₹ 108.05 Cr.

Promoter Holding

56.58 %

EPS (TTM)

₹  1.37

Sales Growth

37.41%

ROE

7.56 %

ROCE

10.08%

Profit Growth

65.35 %

Add Your Ratio

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year37.41%
3 Year8.74%
5 Year9.46%

Profit Growth

1 Year65.35%
3 Year1.11%
5 Year50.32%

ROE%

1 Year7.56%
3 Year4.49%
5 Year5.95%

ROCE %

1 Year10.08%
3 Year7.84%
5 Year9.06%

Debt/Equity

0.966

Price to Cash Flow

4.83

Interest Cover Ratio

2.10250526294785

CFO/PAT (5 Yr. Avg.)

3.87347916236813

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 56.58 0
Dec 2022 56.58 0
Sep 2022 56.58 0
Jun 2022 56.58 0
Mar 2022 56.58 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.969517670049628.
  • The company has an efficient Cash Conversion Cycle of -72.7613350001699 days.
  • The company has a good cash flow management; CFO/PAT stands at 3.87347916236813.
  • The company has a high promoter holding of 56.58%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 33.674530588285.

 Limitations

  • The company has shown a poor profit growth of 1.11131270698133% for the Past 3 years.
  • The company has shown a poor revenue growth of 8.74126525946808% for the Past 3 years.
  • Company has a poor ROE of 4.48741244984701% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 71.84 79.1 85.35 82.54 76.32
Total Expenditure 62.87 70.56 78.81 76.85 71.21
Operating Profit 8.97 8.54 6.54 5.68 5.1
Other Income 1.41 0.94 0.87 1.28 0.25
Interest 2.46 2.42 2.57 2.81 3.08
Depreciation 3.71 3.79 3.93 4 4.23
Exceptional Items 0 0 0 0 0
Profit Before Tax 4.21 3.27 0.91 0.16 -1.96
Tax 0.78 0.98 0.14 0.1 -0.56
Profit After Tax 3.44 2.29 0.77 0.06 -1.4
Adjusted EPS (Rs) 2.71 1.81 0.61 0.05 -1.1

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 202.9 212.09 197.93 198.46 272.71
Total Expenditure 178.93 184.46 176.36 173.96 239.74
Operating Profit 23.97 27.63 21.57 24.5 32.97
Other Income 1.37 0.99 0.66 1.02 2.44
Interest 7.15 7.83 9.44 7.43 10.02
Depreciation 8.05 9.77 11.05 11.54 14.34
Exceptional Items 0 0 0 0 0
Profit Before Tax 10.14 11.03 1.74 6.54 11.05
Tax 2.81 3.09 0.64 1.57 2.84
Net Profit 7.33 7.95 1.1 4.97 8.21
Adjusted EPS (Rs.) 5.79 6.27 0.87 3.92 6.48

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 12.68 12.68 12.68 12.68 12.68
Total Reserves 81.08 88.95 88.37 92.72 99.18
Borrowings 23.53 34.28 28 38.74 50.47
Other N/C liabilities 1.39 1.99 2.77 8.2 8.34
Current liabilities 87.88 89.84 105.39 120.5 130.05
Total Liabilities 206.55 227.73 237.2 272.84 300.71
Assets
Net Block 94.72 117.77 119.06 144.62 154.12
Capital WIP 4.14 1.76 19.39 1.92 4.54
Intangible WIP 0 0 0 0 0
Investments 0.02 0.02 0.01 0.01 0.52
Loans & Advances 15.3 7.63 4.51 8.63 4.06
Other N/C Assets 0 0 0 0 1.5
Current Assets 92.37 100.55 94.23 117.65 135.96
Total Assets 206.55 227.73 237.2 272.84 300.71
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 10.14 11.03 1.74 6.54 11.05
Adjustment 15.3 17.94 23.48 17.52 24.56
Changes in Assets & Liabilities -1.69 -5.57 7.43 -5.82 -11.3
Tax Paid -1.93 -2.67 -0.48 -1.2 -1.53
Operating Cash Flow 21.82 20.73 32.17 17.04 22.77
Investing Cash Flow -24.15 -22 -14.52 -26.26 -26.53
Financing Cash Flow 6.11 1.59 -11.38 3.91 0.58
Net Cash Flow 3.77 0.31 6.27 -5.31 -3.18

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 56.58 56.58 56.58 56.58 56.58
simpson & co., ltd. 18.54 - - - -
simpson and compan... - - - - -
india pistons limi... - - - 20.00 20.00
india pistons ltd. 21.19 - 21.19 - -
india pistons ltd - 21.19 - - -
simpson & co. ltd - 18.54 - - 19.74
simpson & co ltd - - - 19.73 -
simpson & co ltd. - - 18.54 - -
tractors and farm ... - - - - -
tractors & farm eq... 11.36 - - - 11.36
tractors and farm ... - 11.36 - 11.36 -
tractors and farm ... - - 11.36 - -
tractors and farm ... - - - - -
tractors and farm ... - - - - -
amalgamations pvt ... - 5.45 - 5.45 -
amalgamations priv... - - - - 5.45
amalgamations pvt ... - - 5.45 - -
amalgamations pvt.... 5.45 - - - -
the united nilgiri... - - - 0.03 -
the united nilgiri... - - - - -
the united nilgiri... - - 0.03 - -
the united nilgiri... - 0.03 - - 0.03
the united nilgiri... 0.03 - - - -
higginbothams pvt ... - - - 0.01 -
higginbothams pvt.... 0.01 - 0.01 - -
higginbothams pvt.... - 0.01 - - -
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 43.42 43.42 43.42 43.42 43.42
enam securities pv... - 8.41 8.41 8.41 -
enam shares & secu... 8.41 - - - -
enam shares & secu... - - - - 8.41
nippon piston ri... - - 5.56 - -
nippon piston ring... - - - - 5.56
nippon piston ring... 5.56 5.56 - - -
nippon piston ring... - - - 5.56 -
gagandeep credot c... - 1.93 - - -
gagandeep credit c... 1.93 - - - -
gagandeep credit c... - - 1.93 1.93 -
gagandeep credit c... - - - - 1.93
gagandeep credit c... - - - - -
anvil fintrade pvt... - - - - -
anvil fintrade pvt... - - - - 1.85
bhavani krishnamoo... 1.14 1.14 1.14 1.14 1.14
harmony advisory s... 1.01 1.01 1.01 1.01 -
iepf 0.50 0.50 0.50 0.61 0.61
investor education... - - - - -
investor education... - - - - -

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

IP Rings informs about disclosure of related party transactions27 May 2023, 10:30AM IP Rings informs about compliance certificate21 Apr 2023, 11:36AM IP Rings informs about certificate 10 Apr 2023, 12:14PM IP Rings informs about closure of trading window27 Dec 2022, 4:39PM IP Rings informs about disclosure on related party transactions23 Aug 2022, 4:19PM IP Rings informs about e-voting results10 Aug 2022, 12:21PM IP Rings informs about outcome of AGM10 Aug 2022, 9:49AM IP Rings - Quaterly Results8 Aug 2022, 6:25PM IP Rings - Quaterly Results8 Aug 2022, 6:25PM IP Rings submits annual report18 Jul 2022, 9:23AM IP Rings board to consider audited financial statements 19 May 2022, 11:37AM Ip Rings informs about disclosure7 Feb 2022, 2:21PM IP Rings - Quaterly Results4 Feb 2022, 6:33PM IP Rings - Quaterly Results4 Feb 2022, 6:33PM IP Rings - Quaterly Results4 Feb 2022, 6:33PM IP Rings board to consider unaudited financial results 17 Jan 2022, 1:19PM IP Rings informs about compliances-certificate 13 Jan 2022, 4:45PM IP RINGS informs about issuance of duplicate share certificate5 Jan 2022, 10:23AM IP Rings board to consider unaudited financial results 11 Oct 2021, 4:39PM IP Rings informs about scrutinizer's report31 Jul 2021, 11:15AM IP Rings informs about board meeting24 Jul 2021, 11:21AM IP Rings informs about AGM9 Jul 2021, 10:20AM IP Rings informs about joint venture proposal 29 May 2021, 2:16PM IP Rings inaugurates new facility24 Feb 2021, 2:04PM IP Rings informs about book closure3 Sep 2020, 3:22PM IP Rings - Quaterly Results28 Aug 2020, 5:16PM IP Rings informs about board meeting 17 Aug 2020, 11:08AM IP Rings informs about certificate29 Apr 2020, 3:02PM

IP Rings Stock Price Analysis and Quick Research Report. Is IP Rings an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how IP Rings is performing and if it is the right time to buy the stock of IP Rings with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, IP Rings has reported outstanding sales growth of 37.414095688799 % and in the latest quarter sales was Rs 76.315 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 5.45104917469188 times for IP Rings . It is managing its inventory poorly .
     
  • The company reported Profit growth of 65.3509389907611 % over the year, where the latest year profit is Rs 8.2148 Cr compared to the previous year of Rs 4.9681 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 5.104 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • IP Rings has a poor ROE of 7.56263955895343 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. IP Rings has a low Debt to Equity ratio of 0.966.
     
  • IP Rings pays a dividend of 2 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 1.1733 %.
     
  • The share of promoter in the company is high at 56.58 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of IP Rings is 62.3585250091274 compared to the 5 year average PE of 25.1928195499182 .
Brief about IP Rings

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