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IP Rings Overview

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 contri...Read More

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IP Rings Key Financials

Market Cap ₹156 Cr.

Stock P/E -35.2

P/B 1.5

Current Price ₹123

Book Value ₹ 80.5

Face Value 10

52W High ₹185

Dividend Yield 0%

52W Low ₹ 93

IP Rings Share Price

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Volume
Price

IP Rings Quarterly Price

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IP Rings Peer Comparison

IP Rings Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 78 74 89 82 79 58 84 82 84 85
Other Income 0 1 0 0 0 0 2 0 1 2
Total Income 78 75 89 82 80 58 86 82 85 87
Total Expenditure 72 69 80 75 73 55 77 74 76 77
Operating Profit 6 6 9 7 6 3 9 8 9 9
Interest 3 3 3 3 3 3 3 3 3 4
Depreciation 4 4 4 4 4 5 5 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -0
Profit Before Tax -2 -1 2 0 -1 -5 1 1 1 1
Provision for Tax 0 -0 1 0 -0 -1 0 0 1 0
Profit After Tax -2 -1 1 0 -1 -4 1 0 0 0
Adjustments -0 0 -1 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments -2 -1 1 0 -1 -4 0 0 0 0
Adjusted Earnings Per Share -1.6 -0.7 0.7 0.1 -0.8 -3.1 0.3 0.1 0.2 0.1

IP Rings Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 273 323 317 303 335
Other Income 2 3 3 3 5
Total Income 275 327 319 306 340
Total Expenditure 240 297 294 281 304
Operating Profit 35 29 26 25 35
Interest 10 11 11 12 13
Depreciation 14 16 17 18 17
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 11 2 -3 -6 4
Provision for Tax 3 1 -0 -1 1
Profit After Tax 8 2 -3 -4 1
Adjustments 0 0 0 0 0
Profit After Adjustments 8 2 -3 -4 0
Adjusted Earnings Per Share 6.5 1.3 -2.5 -3.5 0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% 4% 0% 0%
Operating Profit CAGR -4% -11% 0% 0%
PAT CAGR 0% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -6% 11% 5% 3%
ROE Average -4% -2% 0% 0%
ROCE Average 3% 4% 6% 6%

IP Rings Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 112 111 106 101
Minority's Interest 0 0 0 0
Borrowings 50 41 34 43
Other Non-Current Liabilities 8 8 7 5
Total Current Liabilities 130 156 160 151
Total Liabilities 301 316 307 301
Fixed Assets 154 154 146 146
Other Non-Current Assets 11 8 9 21
Total Current Assets 136 154 152 135
Total Assets 301 316 307 301

IP Rings Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 3 6 6
Cash Flow from Operating Activities 23 42 35 19
Cash Flow from Investing Activities -27 -13 -7 -25
Cash Flow from Financing Activities 1 -27 -27 2
Net Cash Inflow / Outflow -3 2 1 -4
Closing Cash & Cash Equivalent 3 6 6 2

IP Rings Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.47 1.32 -2.55 -3.49
CEPS(Rs) 17.78 13.9 10.76 10.4
DPS(Rs) 2 1 0 0
Book NAV/Share(Rs) 88.23 87.49 83.63 79.95
Core EBITDA Margin(%) 12.09 8 7.25 7.25
EBIT Margin(%) 7.72 4.08 2.59 1.98
Pre Tax Margin(%) 4.05 0.72 -1.04 -1.89
PAT Margin (%) 3.01 0.52 -1.02 -1.46
Cash Profit Margin (%) 8.26 5.45 4.31 4.35
ROA(%) 2.73 0.54 -1.04 -1.46
ROE(%) 7.33 1.5 -2.98 -4.27
ROCE(%) 9.58 6.18 4.14 3.08
Receivable days 90.05 80.69 88.08 86.8
Inventory Days 70.74 63.55 68.27 67.48
Payable days 241.48 211.19 249.41 242.27
PER(x) 18.18 67.1 0 0
Price/Book(x) 1.33 1.01 1.78 1.75
Dividend Yield(%) 1.7 1.13 0 0
EV/Net Sales(x) 0.93 0.62 0.84 0.91
EV/Core EBITDA(x) 7.16 6.91 10.4 11.05
Net Sales Growth(%) 0 18.55 -2.03 -4.21
EBIT Growth(%) 0 -37.36 -37.9 -26.77
PAT Growth(%) 0 -79.65 -293.62 -37.06
EPS Growth(%) 0 -79.65 -293.62 -37.06
Debt/Equity(x) 0.97 0.87 0.79 0.98
Current Ratio(x) 1.05 0.99 0.95 0.89
Quick Ratio(x) 0.64 0.61 0.58 0.54
Interest Cover(x) 2.1 1.21 0.71 0.51
Total Debt/Mcap(x) 0.73 0.86 0.44 0.56

IP Rings Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
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

IP Rings News

IP Rings Pros & Cons

Pros

  • Debtor days have improved from 249.41 to 242.27days.

Cons

  • Company has a low return on equity of -2% over the last 3 years.
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