IP Rings
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IP Rings share price

IP Rings Ltd.

NSE: IPRINGLTD BSE: 523638 SECTOR: Auto Ancillary  12k   14   2

178.05
-2.25 (-1.25%)
BSE: 25 Apr 04:01 PM

Price Summary

Today's High

₹ 185

Today's Low

₹ 178.05

52 Week High

₹ 221

52 Week Low

₹ 82.36

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.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 225.69 Cr.

Enterprise Value

₹ 315.64 Cr.

No. of Shares

1.27 Cr.

P/E

0

P/B

2.14

Face Value

₹ 10

Div. Yield

0.56 %

Book Value (TTM)

₹  83.21

CASH

₹ 5.97 Cr.

DEBT

₹ 95.92 Cr.

Promoter Holding

56.58 %

EPS (TTM)

₹  -4.4

Sales Growth

18.55%

ROE

1.56 %

ROCE

6.21%

Profit Growth

-78.87 %

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

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Ratios

Sales Growth

1 Year18.55%
3 Year17.77%
5 Year9.77%

Profit Growth

1 Year-78.87%
3 Year16.39%
5 Year-25.04%

ROE%

1 Year1.56%
3 Year4.64%
5 Year4.63%

ROCE %

1 Year6.21%
3 Year7.87%
5 Year8.1%

Debt/Equity

0.8643

Price to Cash Flow

5.36

Interest Cover Ratio

1.21952565824578

CFO/PAT (5 Yr. Avg.)

5.62619279089077

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 56.58 0
Dec 2023 56.58 0
Sep 2023 56.58 0
Jun 2023 56.58 0
Mar 2023 56.58 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 17.7679576650496% for the Past 3 years.
  • Company’s PEG ratio is 0.513401012171634.
  • The company has an efficient Cash Conversion Cycle of -69.790324285501 days.
  • The company has a high promoter holding of 56.58%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 30.9735924552966.

 Limitations

  • Company has a poor ROE of 4.64457928186163% over the past 3 years.
  • The company is trading at a high PE of 0.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 82.54 76.32 76.24 77.74 73.92
Total Expenditure 76.85 71.21 72.23 72.49 68.93
Operating Profit 5.68 5.1 4.01 5.25 5
Other Income 1.28 0.25 1.29 0.29 0.72
Interest 2.81 3.08 3.06 2.77 2.85
Depreciation 4 4.23 4.16 4.32 4.24
Exceptional Items 0 0 0 0 0
Profit Before Tax 0.16 -1.96 -1.92 -1.55 -1.37
Tax 0.1 -0.56 -0.7 0.46 -0.43
Profit After Tax 0.06 -1.4 -1.22 -2.01 -0.95
Adjusted EPS (Rs) 0.05 -1.1 -0.96 -1.59 -0.75

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 212.09 197.93 198.46 272.71 323.3
Total Expenditure 184.46 176.36 173.96 239.74 297.43
Operating Profit 27.63 21.57 24.5 32.97 25.86
Other Income 0.99 0.66 1.02 2.44 3.34
Interest 7.83 9.44 7.43 10.02 10.87
Depreciation 9.77 11.05 11.54 14.34 15.95
Exceptional Items 0 0 0 0 0
Profit Before Tax 11.03 1.74 6.54 11.05 2.39
Tax 3.09 0.64 1.57 2.84 0.65
Net Profit 7.95 1.1 4.97 8.21 1.74
Adjusted EPS (Rs.) 6.27 0.87 3.92 6.48 1.37

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 12.68 12.68 12.68 12.68 12.68
Total Reserves 88.95 88.37 92.72 99.18 98.31
Borrowings 34.28 28 38.74 50.47 41.31
Other N/C liabilities 1.99 2.77 8.2 8.34 8.09
Current liabilities 89.84 105.39 120.5 130.05 155.62
Total Liabilities 227.73 237.2 272.84 300.71 316.01
Assets
Net Block 117.77 119.06 144.62 154.12 153.71
Capital WIP 1.76 19.39 1.92 4.54 2.1
Intangible WIP 0 0 0 0 0
Investments 0.02 0.01 0.01 0.52 1.02
Loans & Advances 7.63 4.51 8.63 4.06 4.48
Other N/C Assets 0 0 0 1.5 0.57
Current Assets 100.55 94.23 117.65 135.96 154.14
Total Assets 227.73 237.2 272.84 300.71 316.01
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 11.03 1.74 6.54 11.05 2.39
Adjustment 17.94 23.48 17.52 24.56 26.24
Changes in Assets & Liabilities -5.57 7.43 -5.82 -11.3 14.82
Tax Paid -2.67 -0.48 -1.2 -1.53 -1.31
Operating Cash Flow 20.73 32.17 17.04 22.77 42.14
Investing Cash Flow -22 -14.52 -26.26 -26.53 -12.72
Financing Cash Flow 1.59 -11.38 3.91 0.58 -27.3
Net Cash Flow 0.31 6.27 -5.31 -3.18 2.12

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 56.58 56.58 56.58 56.58 56.58
amalgamations private lim... 5.45 5.45 5.45 5.45 5.45
india pistons limited 10.02 10.02 0.55 0.55 0.55
simpson and company ltd 29.72 29.72 39.18 39.18 39.18
the united nilgiri tea es... - - 0.03 - 0.03
tractors and farm equipme... 11.36 11.36 11.36 11.36 11.36
the united nilgiri tea es... - - - 0.03 -
the united nilgiri tea es... - 0.03 - - -
the united nilgiri tea es... 0.03 - - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 43.42 43.42 43.42 43.42 43.42
anvil fintrade pvt ltd 1.85 1.85 1.85 1.85 1.85
bhavani krishnamoorthy 1.14 1.14 1.14 1.14 1.14
enam securities pvt ltd 8.41 8.41 8.41 8.41 8.41
gagandeep credit capital ... 1.93 1.93 - - 1.93
investor education and pr... - - - 0.75 0.75
nippon piston ring co ... 5.56 5.56 5.56 - 5.56
gagandeep credit capital ... - - 1.93 1.93 -
nippon piston ring co ltd... - - - 5.56 -
investor education and pr... 0.75 0.75 0.75 - -

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

IP Rings - Quaterly Results10 Feb 2024, 5:21PM IP Rings - Quaterly Results10 Feb 2024, 5:21PM IP Rings - Quaterly Results10 Feb 2024, 5:21PM IP Rings informs about loss of share certificates25 Jan 2024, 12:13PM IP Rings informs about certificate 9 Jan 2024, 2:18PM Ip Rings informs about loss of share certificate27 Dec 2023, 11:40AM IP Rings informs about details of loss of certificate 11 Dec 2023, 2:42PM IP Rings informs about loss of share certificates21 Oct 2023, 11:09AM IP Rings gets nod to incorporate wholly owned subsidiary in USA25 Jul 2023, 9:48AM IP Rings informs about board meeting 19 Jul 2023, 10:01AM IP Rings informs about annual report18 Jul 2023, 10:39AM IP Rings informs about disclosure 6 Jul 2023, 12:13PM IP Rings informs about disclosure 5 Jul 2023, 3:05PM IP Rings informs about disclosure 4 Jul 2023, 10:43AM IP Rings informs about closure of trading window 28 Jun 2023, 11:50AM IP Rings informs about disclosure 26 Jun 2023, 3:17PM 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 decent sales growth of 18.5470980866832 % and in the latest quarter sales was Rs 73.922 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 5.74358190844787 times for IP Rings . It is managing its inventory poorly .
     
  • IP Rings reported Profit loss of -78.8674100404149 % over the year, where the latest year profit is Rs 1.736 Cr compared to the previous year of Rs 8.2148 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of IP Rings in the latest quarter is Rs 4.995 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • IP Rings has a poor ROE of 1.55806926856456 %. 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 0.8643.
     
  • IP Rings pays a dividend of 1 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.5616 %.
     
  • The share of promoter in IP Rings 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 -40.4907556909922 compared to the 5 year average PE of 32.5659553772246 .
     
  • Share Price: - The current share price of IP Rings is Rs 178.05. One can use valuation calculators of ticker to know if IP Rings share price is undervalued or overvalued.
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Brief about IP Rings
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