IP Rings

₹177.4 -2.2 | 1.2%

WEBSITE BSE:523638 NSE : IP RINGS LTD 18 May, 12:50

Market Cap ₹225 Cr.

Stock P/E -41.2

P/B 2.1

Current Price ₹177.4

Book Value ₹ 83.1

Face Value 10

52W High ₹221

Dividend Yield 0.56%

52W Low ₹ 82.4

Edit Ratio

IP Rings Research see more...

Overview Inc. Year: 1991Industry: Auto Ancillary

IP Rings Ltd is a prominent player in the auto ancillary industry, specializing in the design, manufacturing, and distribution of high-quality piston rings. With a rich legacy spanning decades, the company has earned a reputation for its precision engineering and innovative solutions. IP Rings Ltd serves as a crucial partner to the automotive sector, providing essential components that enhance engine performance and efficiency. Committed to technological advancement, product excellence, and customer satisfaction, the company continues to contribute significantly to the growth and advancement of the global automotive landscape.

IP Rings Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

IP Rings Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	72	72	79	85	83	76	76	78	74
Other Income	1	1	1	1	1	0	1	0	1
Total Income	72	73	80	86	84	77	78	78	75
Total Expenditure	65	63	71	79	77	71	72	72	69
Operating Profit	7	10	9	7	7	5	5	6	6
Interest	3	2	2	3	3	3	3	3	3
Depreciation	4	4	4	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	4	3	1	0	-2	-2	-2	-1
Provision for Tax	0	1	1	0	0	-1	-1	0	-0
Profit After Tax	0	3	2	1	0	-1	-1	-2	-1
Adjustments	-0	0	-0	0	-0	0	0	-0	0
Profit After Adjustments	0	4	2	1	0	-1	-1	-2	-1
Adjusted Earnings Per Share	0.3	2.8	1.7	0.6	0	-1	-0.9	-1.6	-0.7

IP Rings Profit & Loss

#(Fig in Cr.)	Mar 2022	Mar 2023	TTM
Net Sales	273	323	304
Other Income	2	3	2
Total Income	275	327	308
Total Expenditure	240	297	284
Operating Profit	35	29	22
Interest	10	11	12
Depreciation	14	16	16
Exceptional Income / Expenses	0	0	0
Profit Before Tax	11	2	-7
Provision for Tax	3	1	-2
Profit After Tax	8	2	-5
Adjustments	0	0	0
Profit After Adjustments	8	2	-5
Adjusted Earnings Per Share	6.5	1.3	-4.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	18%	0%	0%	0%
Operating Profit CAGR	-17%	0%	0%	0%
PAT CAGR	-75%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	93%	26%	14%	17%
ROE Average	2%	4%	4%	4%
ROCE Average	6%	8%	8%	8%

IP Rings Balance Sheet

#(Fig in Cr.)	Mar 2022	Mar 2023
Shareholder's Funds	112	111
Minority's Interest	0	0
Borrowings	50	41
Other Non-Current Liabilities	8	8
Total Current Liabilities	130	156
Total Liabilities	301	316
Fixed Assets	154	154
Other Non-Current Assets	11	8
Total Current Assets	136	154
Total Assets	301	316

IP Rings Cash Flow

#(Fig in Cr.)	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	3
Cash Flow from Operating Activities	23	42
Cash Flow from Investing Activities	-27	-13
Cash Flow from Financing Activities	1	-27
Net Cash Inflow / Outflow	-3	2
Closing Cash & Cash Equivalent	3	6

IP Rings Ratios

#	Mar 2022	Mar 2023
Earnings Per Share (Rs)	6.47	1.32
CEPS(Rs)	17.78	13.9
DPS(Rs)	2	1
Book NAV/Share(Rs)	88.23	87.49
Core EBITDA Margin(%)	12.09	8
EBIT Margin(%)	7.72	4.08
Pre Tax Margin(%)	4.05	0.72
PAT Margin (%)	3.01	0.52
Cash Profit Margin (%)	8.26	5.45
ROA(%)	2.73	0.54
ROE(%)	7.33	1.5
ROCE(%)	9.58	6.18
Receivable days	90.05	80.69
Inventory Days	70.74	63.55
Payable days	241.48	214.02
PER(x)	18.18	67.1
Price/Book(x)	1.33	1.01
Dividend Yield(%)	1.7	1.13
EV/Net Sales(x)	0.93	0.62
EV/Core EBITDA(x)	7.16	6.91
Net Sales Growth(%)	0	18.55
EBIT Growth(%)	0	-37.36
PAT Growth(%)	0	-79.65
EPS Growth(%)	0	-79.65
Debt/Equity(x)	0.97	0.87
Current Ratio(x)	1.05	0.99
Quick Ratio(x)	0.64	0.61
Interest Cover(x)	2.1	1.21
Total Debt/Mcap(x)	0.73	0.86

IP Rings Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.58	56.58	56.58	56.58	56.58	56.58	56.58	56.58	56.58	56.58
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	43.42	43.42	43.42	43.42	43.42	43.42	43.42	43.42	43.42	43.42
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	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.55	0.55	0.55	0.55	0.55	0.55	0.55	0.55	0.55	0.55
Others	0	0	0	0	0	0	0	0	0	0
Total	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27

Pros

Debtor days have improved from 241.48 to 214.02days.
Company has reduced debt.

Cons

Company has a low return on equity of 4% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.