IP Rings
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IP Rings share price

IP Rings Ltd.

NSE: IPRINGLTD BSE: 523638 SECTOR: Auto Ancillary  15k   14   2

215.85
+10.25 (4.99%)
BSE: 04 Nov 03:31 PM

Price Summary

Today's High

₹ 215.85

Today's Low

₹ 201.85

52 Week High

₹ 262.4

52 Week Low

₹ 126

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
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

₹ 273.61 Cr.

Enterprise Value

₹ 350.53 Cr.

No. of Shares

1.27 Cr.

P/E

0

P/B

2.56

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  84.32

CASH

₹ 6.34 Cr.

DEBT

₹ 83.27 Cr.

Promoter Holding

56.58 %

EPS (TTM)

₹  -0.96

Sales Growth

-2.03%

ROE

-2.51 %

ROCE

4.38%

Profit Growth

-257.34 %

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

View Full Peer Comparison
* 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 Year-2.03%
3 Year16.86%
5 Year8.35%

Profit Growth

1 Year-257.34%
3 Year-181.92%
5 Year-180.77%

ROE%

1 Year-2.51%
3 Year2.2%
5 Year2.5%

ROCE %

1 Year4.38%
3 Year6.89%
5 Year6.82%

Debt/Equity

0.7812

Price to Cash Flow

7.84

Interest Cover Ratio

0.7567

CFO/PAT (5 Yr. Avg.)

11.2146877774935

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 56.58 0.00
Jun 2024 56.58 0.00
Mar 2024 56.58 0.00
Dec 2023 56.58 0.00
Sep 2023 56.58 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 16.8596936897509% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of -95.9682 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 5.43312668640604.

 Limitations

  • The company has shown a poor profit growth of -181.921581046675% for the Past 3 years.
  • Company has a poor ROE of 2.20333627583933% over the past 3 years.
  • Company has low Interest coverage ratio of 0.7567.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 76.24 77.74 73.92 88.82 82.09
Total Expenditure 72.23 72.49 68.93 80.06 75.05
Operating Profit 4.01 5.25 5 8.76 7.04
Other Income 1.29 0.29 0.72 0.23 0.22
Interest 3.06 2.77 2.85 2.8 2.75
Depreciation 4.16 4.32 4.24 4.15 4.08
Exceptional Items 0 0 0 0 0
Profit Before Tax -1.92 -1.55 -1.37 2.05 0.43
Tax -0.7 0.46 -0.43 0.6 0.14
Profit After Tax -1.22 -2.01 -0.95 1.45 0.29
Adjusted EPS (Rs) -0.96 -1.59 -0.75 1.14 0.23

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 197.93 198.46 272.71 323.3 316.72
Total Expenditure 176.36 173.96 239.74 297.43 293.75
Operating Profit 21.57 24.5 32.97 25.86 22.97
Other Income 0.66 1.02 2.44 3.34 2.58
Interest 9.44 7.43 10.02 10.87 11.48
Depreciation 11.05 11.54 14.34 15.95 16.86
Exceptional Items 0 0 0 0 0
Profit Before Tax 1.74 6.54 11.05 2.39 -2.79
Tax 0.64 1.57 2.84 0.65 -0.06
Net Profit 1.1 4.97 8.21 1.74 -2.73
Adjusted EPS (Rs.) 0.87 3.92 6.48 1.37 -2.15

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 12.68 12.68 12.68 12.68 12.68
Total Reserves 88.37 92.72 99.18 98.31 93.92
Borrowings 28 38.74 50.47 41.31 33.9
Other N/C liabilities 2.77 8.2 8.34 8.09 6.81
Current liabilities 105.39 120.5 130.05 155.62 160.32
Total Liabilities 237.2 272.84 300.71 316.01 307.63
Assets
Net Block 119.06 144.62 154.12 153.71 146.36
Capital WIP 19.39 1.92 4.54 2.1 1.64
Intangible WIP 0 0 0 0 0
Investments 0.01 0.01 0.52 1.02 2.03
Loans & Advances 4.51 8.63 4.06 4.48 4.3
Other N/C Assets 0 0 1.5 0.57 1.65
Current Assets 94.23 117.65 135.96 154.14 151.64
Total Assets 237.2 272.84 300.71 316.01 307.63
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 1.74 6.54 11.05 2.39 -2.79
Adjustment 23.48 17.52 24.56 26.24 28.68
Changes in Assets & Liabilities 7.43 -5.82 -11.3 14.82 9.87
Tax Paid -0.48 -1.2 -1.53 -1.31 -0.85
Operating Cash Flow 32.17 17.04 22.77 42.14 34.91
Investing Cash Flow -14.52 -26.26 -26.53 -12.72 -7.36
Financing Cash Flow -11.38 3.91 0.58 -27.3 -26.84
Net Cash Flow 6.27 -5.31 -3.18 2.12 0.71

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 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 0.55 0.55 0.55 0.55 0.55
simpson and company ltd 39.18 39.18 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 - 0.03 - -
the united nilgiri tea es... - 0.03 - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 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 0.75
nippon piston ring co ... 5.56 - 5.56 5.56 5.56
investor education and pr... - 0.75 0.75 - -
gagandeep credit capital ... 1.93 1.93 - - -
nippon piston ring co ltd... - 5.56 - - -

Annual Reports

Ratings & Research Reports

No Credit and Research reports exist for this company.Report us

Company Presentations

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Company News

IP Rings informs about closure of trading window 28 Sep 2024, 11:42AM IP Rings - Quaterly Results12 Aug 2024, 5:24PM IP Rings - Quaterly Results12 Aug 2024, 5:24PM IP Rings informs about change in board of directors 15 Jul 2024, 11:01AM IP Rings informs about newspaper advertisement31 May 2024, 10:23AM IP Rings - Quaterly Results27 May 2024, 6:25PM IP Rings - Quaterly Results27 May 2024, 6:25PM 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 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 poor sales growth of -2.0343 % and in the latest quarter sales was Rs 82.091 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 5.3467 times for IP Rings . It is managing its inventory poorly .
     
  • IP Rings reported Profit loss of -257.3387 % over the year, where the latest year profit is Rs -2.7314 Cr compared to the previous year of Rs 1.736 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 7.04499999999999 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • IP Rings has a poor ROE of -2.5107 %. 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 0.7812.
     
  • IP Rings pays a dividend of 0 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • 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 -224.63315641586 compared to the 5 year average PE of 29.2625562736564 .
     
  • Share Price: - The current share price of IP Rings is Rs 215.85. 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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