WEBSITE BSE:505737 NSE : INTER.COMBUS 18 May, 12:50
Market Cap ₹466 Cr.
Stock P/E 23.6
P/B 4
Current Price ₹1950
Book Value ₹ 488.4
Face Value 10
52W High ₹2300
Dividend Yield 0.15%
52W Low ₹ 461.2
International Combustion (India) Ltd is a prominent engineering company based in India. With a rich history dating back to 1936, the company specializes in providing cutting-edge solutions for industrial applications. Their core expertise lies in the design, manufacture, and servicing of a wide range of products, including combustion equipment, vibrating machinery, and engineering solutions for various sectors, such as power, mining, cement, and infrastructure. Committed to innovation and quality, International Combustion has earned a reputation for delivering reliable and efficient solutions to meet the diverse needs of its global clientele. Through continuous research and development, the company remains at the forefront of the industry, ensuring sustainable growth and customer satisfaction.
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 45 | 47 | 52 | 43 | 55 | 60 | 65 | 69 | 73 | 73 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 46 | 47 | 52 | 43 | 56 | 60 | 65 | 69 | 74 | 74 |
| Total Expenditure | 43 | 43 | 49 | 41 | 52 | 53 | 58 | 58 | 64 | 63 |
| Operating Profit | 3 | 5 | 3 | 2 | 3 | 6 | 7 | 11 | 10 | 10 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 3 | 2 | 0 | 2 | 5 | 5 | 9 | 8 | 8 |
| Provision for Tax | 0 | 1 | 0 | 0 | 1 | 1 | 2 | 4 | 3 | 3 |
| Profit After Tax | 1 | 2 | 1 | 0 | 1 | 3 | 3 | 6 | 5 | 6 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 2 | 1 | 0 | 1 | 3 | 3 | 6 | 5 | 6 |
| Adjusted Earnings Per Share | 5 | 10.4 | 5.5 | 1.1 | 4.9 | 14.2 | 14.6 | 23.9 | 21 | 23.1 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 120 | 99 | 89 | 93 | 109 | 108 | 134 | 124 | 110 | 169 | 223 | 280 |
| Other Income | 1 | 2 | 2 | 2 | 8 | 3 | 2 | 2 | 2 | 1 | 1 | 0 |
| Total Income | 121 | 101 | 91 | 95 | 117 | 111 | 137 | 126 | 111 | 170 | 224 | 282 |
| Total Expenditure | 108 | 95 | 85 | 92 | 105 | 105 | 124 | 122 | 111 | 158 | 205 | 243 |
| Operating Profit | 13 | 6 | 6 | 3 | 12 | 6 | 12 | 5 | 0 | 12 | 18 | 38 |
| Interest | 1 | 1 | 1 | 1 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 4 |
| Depreciation | 4 | 4 | 5 | 4 | 5 | 5 | 5 | 5 | 4 | 5 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 7 | 1 | 1 | -2 | 3 | -4 | 4 | -3 | -7 | 5 | 12 | 30 |
| Provision for Tax | 3 | -0 | -0 | -1 | 1 | -1 | 1 | -1 | -1 | 1 | 4 | 12 |
| Profit After Tax | 4 | 1 | 1 | -1 | 2 | -2 | 4 | -2 | -5 | 4 | 8 | 20 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 4 | 1 | 1 | -1 | 2 | -2 | 4 | -2 | -5 | 4 | 8 | 20 |
| Adjusted Earnings Per Share | 18.7 | 3.3 | 4.1 | -2.1 | 8.9 | -9.8 | 14.9 | -7.8 | -21.6 | 17.4 | 34.8 | 82.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 32% | 22% | 16% | 6% |
| Operating Profit CAGR | 50% | 53% | 25% | 3% |
| PAT CAGR | 100% | 0% | 0% | 7% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 309% | 118% | 53% | 26% |
| ROE Average | 9% | 2% | 2% | 1% |
| ROCE Average | 13% | 5% | 4% | 3% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 93 | 94 | 92 | 92 | 97 | 94 | 97 | 95 | 89 | 94 | 101 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 7 | 24 | 20 | 13 | 7 | 1 | 0 | 1 | 0 |
| Other Non-Current Liabilities | 4 | 4 | 3 | 3 | 3 | 2 | 1 | 1 | -1 | -2 | 0 |
| Total Current Liabilities | 50 | 40 | 42 | 36 | 45 | 49 | 55 | 62 | 51 | 53 | 67 |
| Total Liabilities | 147 | 138 | 144 | 155 | 164 | 158 | 161 | 158 | 139 | 146 | 168 |
| Fixed Assets | 32 | 29 | 28 | 39 | 50 | 47 | 44 | 45 | 42 | 39 | 39 |
| Other Non-Current Assets | 3 | 3 | 23 | 28 | 25 | 17 | 24 | 11 | 8 | 6 | 7 |
| Total Current Assets | 112 | 106 | 93 | 88 | 89 | 94 | 92 | 101 | 90 | 101 | 122 |
| Total Assets | 147 | 138 | 144 | 155 | 164 | 158 | 161 | 158 | 139 | 146 | 168 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 10 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 5 |
| Cash Flow from Operating Activities | 3 | 6 | -3 | -6 | 11 | 7 | 5 | -4 | 11 | 8 | 5 |
| Cash Flow from Investing Activities | -6 | -1 | -6 | -15 | -8 | 4 | 3 | 5 | 3 | 1 | -9 |
| Cash Flow from Financing Activities | -4 | -6 | 9 | 21 | -4 | -11 | -8 | -0 | -14 | -7 | 2 |
| Net Cash Inflow / Outflow | -7 | -1 | 0 | 1 | -0 | -0 | -0 | 1 | -0 | 3 | -3 |
| Closing Cash & Cash Equivalent | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 5 | 2 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 18.74 | 3.34 | 4.09 | -2.14 | 8.94 | -9.83 | 14.9 | -7.83 | -21.61 | 17.37 | 34.76 |
| CEPS(Rs) | 35.61 | 20.67 | 22.94 | 14.1 | 30.15 | 12.1 | 36.39 | 12.6 | -3.41 | 36.97 | 52.3 |
| DPS(Rs) | 5 | 1.5 | 1.5 | 0 | 0 | 0 | 1 | 0 | 0 | 2 | 3 |
| Book NAV/Share(Rs) | 384.01 | 385.6 | 386.28 | 384.14 | 404.17 | 393.76 | 407.86 | 396.31 | 373.79 | 393.11 | 424.4 |
| Core EBITDA Margin(%) | 8.76 | 3.04 | 4.04 | 1.38 | 2.81 | 2.47 | 7.46 | 1.75 | -1.51 | 6.27 | 7.79 |
| EBIT Margin(%) | 6.47 | 1.31 | 1.53 | -0.87 | 5.67 | 0.34 | 5.43 | -0.29 | -3.92 | 4.13 | 6.35 |
| Pre Tax Margin(%) | 5.54 | 0.61 | 0.64 | -1.73 | 2.28 | -3.31 | 3.07 | -2.56 | -6.04 | 3.12 | 5.43 |
| PAT Margin (%) | 3.4 | 0.74 | 1.01 | -0.5 | 1.8 | -2.16 | 2.65 | -1.51 | -4.72 | 2.46 | 3.73 |
| Cash Profit Margin (%) | 6.46 | 4.57 | 5.65 | 3.28 | 6.07 | 2.66 | 6.48 | 2.43 | -0.74 | 5.23 | 5.62 |
| ROA(%) | 2.93 | 0.56 | 0.69 | -0.34 | 1.34 | -1.46 | 2.23 | -1.17 | -3.47 | 2.91 | 5.29 |
| ROE(%) | 4.96 | 0.87 | 1.06 | -0.56 | 2.27 | -2.46 | 3.72 | -1.95 | -5.61 | 4.53 | 8.5 |
| ROCE(%) | 8.7 | 1.47 | 1.48 | -0.77 | 5.2 | 0.29 | 5.99 | -0.3 | -3.83 | 6.77 | 13 |
| Receivable days | 101.87 | 121.9 | 137.28 | 143.16 | 123.11 | 129.92 | 108.19 | 116.67 | 112.7 | 69.93 | 67.26 |
| Inventory Days | 92.99 | 100.22 | 113.84 | 109.23 | 92.26 | 108.2 | 100.03 | 125.06 | 147.59 | 95.73 | 80.96 |
| Payable days | 134.31 | 130.88 | 150.85 | 119.25 | 104.19 | 149.23 | 138.89 | 164.71 | 163.87 | 109.75 | 93.86 |
| PER(x) | 8.57 | 49.91 | 51.31 | 0 | 67.68 | 0 | 16.93 | 0 | 0 | 17.74 | 12.44 |
| Price/Book(x) | 0.42 | 0.43 | 0.54 | 0.72 | 1.5 | 0.95 | 0.62 | 0.25 | 0.42 | 0.78 | 1.02 |
| Dividend Yield(%) | 3.11 | 0.9 | 0.71 | 0 | 0 | 0 | 0.4 | 0 | 0 | 0.65 | 0.69 |
| EV/Net Sales(x) | 0.35 | 0.38 | 0.68 | 1.06 | 1.63 | 1.07 | 0.61 | 0.37 | 0.44 | 0.45 | 0.5 |
| EV/Core EBITDA(x) | 3.29 | 6.77 | 10.05 | 32.95 | 15.02 | 20.61 | 6.53 | 10.26 | 890.62 | 6.53 | 6.11 |
| Net Sales Growth(%) | 11.44 | -17.5 | -10.17 | 5.23 | 16.34 | -0.87 | 24.64 | -7.61 | -11.62 | 54.17 | 31.77 |
| EBIT Growth(%) | -64.53 | -83.33 | 4.5 | -160.2 | 853.32 | -94.49 | 1862.21 | -104.95 | -1090.72 | 262.15 | 102.75 |
| PAT Growth(%) | -72.78 | -82.18 | 22.57 | -152.39 | 516.98 | -209.93 | 251.62 | -152.53 | -176.13 | 180.38 | 100.11 |
| EPS Growth(%) | -72.78 | -82.18 | 22.57 | -152.39 | 516.98 | -209.92 | 251.62 | -152.53 | -176.13 | 180.38 | 100.11 |
| Debt/Equity(x) | 0.07 | 0.03 | 0.14 | 0.38 | 0.36 | 0.3 | 0.24 | 0.28 | 0.16 | 0.09 | 0.13 |
| Current Ratio(x) | 2.23 | 2.62 | 2.22 | 2.44 | 1.96 | 1.92 | 1.67 | 1.63 | 1.75 | 1.91 | 1.83 |
| Quick Ratio(x) | 1.62 | 1.91 | 1.46 | 1.62 | 1.29 | 1.22 | 0.96 | 0.9 | 0.91 | 1.05 | 1.03 |
| Interest Cover(x) | 7 | 1.88 | 1.72 | -1.01 | 1.67 | 0.09 | 2.3 | -0.13 | -1.86 | 4.12 | 6.95 |
| Total Debt/Mcap(x) | 0.18 | 0.07 | 0.26 | 0.54 | 0.24 | 0.32 | 0.39 | 1.13 | 0.37 | 0.12 | 0.13 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.79 | 52.79 | 52.79 | 52.79 | 52.79 | 52.79 | 52.88 | 52.88 | 52.88 | 52.88 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 47.2 | 47.2 | 47.2 | 47.2 | 47.2 | 47.2 | 47.11 | 47.11 | 47.11 | 47.11 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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