IP Rings
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IP Rings share price

IP Rings Ltd.

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

200.60
+0.05 (0.02%)
BSE: 20 Dec 04:01 PM

Price Summary

Today's High

₹ 205

Today's Low

₹ 198.5

52 Week High

₹ 262.4

52 Week Low

₹ 142.5

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

₹ 254.28 Cr.

Enterprise Value

₹ 331.2 Cr.

No. of Shares

1.27 Cr.

P/E

7960.32

P/B

2.4

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  83.55

CASH

₹ 6.34 Cr.

DEBT

₹ 83.27 Cr.

Promoter Holding

56.58 %

EPS (TTM)

₹  0.03

Sales Growth

-2.03%

ROE

-2.51 %

ROCE

4.38%

Profit Growth

-257.34 %

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* 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 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

7.28

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 -93.0596 days.
  • The company has a good cash flow management; CFO/PAT stands at 11.2146877774935.
  • The company has a high promoter holding of 56.58%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 5.43312599563415.

 Limitations

  • The company has shown a poor profit growth of -181.921581046675% for the Past 3 years.
  • Company has a poor ROE of 2.20334651965114% over the past 3 years.
  • Company has low Interest coverage ratio of 0.7567.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 77.74 73.92 88.82 82.09 79.28
Total Expenditure 72.49 68.93 80.06 75.05 73.45
Operating Profit 5.25 5 8.76 7.04 5.83
Other Income 0.29 0.72 0.23 0.22 0.31
Interest 2.77 2.85 2.8 2.75 2.75
Depreciation 4.32 4.24 4.15 4.08 4.38
Exceptional Items 0 0 0 0 0
Profit Before Tax -1.55 -1.37 2.05 0.43 -0.99
Tax 0.46 -0.43 0.6 0.14 -0.23
Profit After Tax -2.01 -0.95 1.45 0.29 -0.76
Adjusted EPS (Rs) -1.59 -0.75 1.14 0.23 -0.6

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

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Company Presentations

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Company News

IP Rings - Quaterly Results 8 Nov, 6:44 PM IP Rings - Quaterly Results 8 Nov, 6:44 PM IP Rings informs about closure of trading window 28 Sep, 11:42 AM IP Rings - Quaterly Results 12 Aug, 5:24 PM IP Rings - Quaterly Results 12 Aug, 5:24 PM IP Rings informs about change in board of directors 15 Jul, 11:01 AM IP Rings informs about newspaper advertisement 31 May, 10:23 AM IP Rings - Quaterly Results 27 May, 6:25 PM IP Rings - Quaterly Results 27 May, 6:25 PM IP Rings - Quaterly Results 10 Feb, 5:21 PM IP Rings - Quaterly Results 10 Feb, 5:21 PM IP Rings - Quaterly Results 10 Feb, 5:21 PM IP Rings informs about loss of share certificates 25 Jan, 12:13 PM IP Rings informs about certificate 9 Jan, 2:18 PM Ip Rings informs about loss of share certificate 27 Dec, 11:40 AM IP Rings informs about details of loss of certificate 11 Dec, 2:42 PM IP Rings informs about loss of share certificates 21 Oct, 11:09 AM IP Rings gets nod to incorporate wholly owned subsidiary in USA 25 Jul, 9:48 AM IP Rings informs about board meeting 19 Jul, 10:01 AM IP Rings informs about annual report 18 Jul, 10:39 AM IP Rings informs about disclosure 6 Jul, 12:13 PM IP Rings informs about disclosure 5 Jul, 3:05 PM IP Rings informs about disclosure 4 Jul, 10:43 AM IP Rings informs about closure of trading window 28 Jun, 11:50 AM IP Rings informs about disclosure 26 Jun, 3:17 PM IP Rings informs about disclosure of related party transactions 27 May, 10:30 AM IP Rings informs about compliance certificate 21 Apr, 11:36 AM IP Rings informs about certificate 10 Apr, 12:14 PM IP Rings informs about closure of trading window 27 Dec, 4:39 PM IP Rings informs about disclosure on related party transactions 23 Aug, 4:19 PM IP Rings informs about e-voting results 10 Aug, 12:21 PM IP Rings informs about outcome of AGM 10 Aug, 9:49 AM IP Rings - Quaterly Results 8 Aug, 6:25 PM IP Rings - Quaterly Results 8 Aug, 6:25 PM IP Rings submits annual report 18 Jul, 9:23 AM IP Rings board to consider audited financial statements 19 May, 11:37 AM Ip Rings informs about disclosure 7 Feb, 2:21 PM IP Rings - Quaterly Results 4 Feb, 6:33 PM IP Rings - Quaterly Results 4 Feb, 6:33 PM IP Rings - Quaterly Results 4 Feb, 6:33 PM IP Rings board to consider unaudited financial results 17 Jan, 1:19 PM IP Rings informs about compliances-certificate 13 Jan, 4:45 PM IP RINGS informs about issuance of duplicate share certificate 5 Jan, 10:23 AM IP Rings board to consider unaudited financial results 11 Oct, 4:39 PM IP Rings informs about scrutinizer's report 31 Jul, 11:15 AM IP Rings informs about board meeting 24 Jul, 11:21 AM IP Rings informs about AGM 9 Jul, 10:20 AM IP Rings informs about joint venture proposal 29 May, 2:16 PM IP Rings inaugurates new facility 24 Feb, 2:04 PM IP Rings informs about book closure 3 Sep, 3:22 PM

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 79.278 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 5.82899999999999 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 7960.31746031746 compared to the 5 year average PE of 29.2625598150949 .
     
  • Share Price: - The current share price of IP Rings is Rs 200.6. 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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