---
title: "IC Electricals Company Ltd (ICELCO) — Share Price, Financials & Analysis"
symbol: "ICELCO"
company: "IC Electricals Company Ltd"
canonical: "https://tapetide.com/stocks/ICELCO"
isin: "INE0XE501015"
nse_symbol: "ICELCO"
sector: "Industrials"
industry: "Industrial Manufacturing"
market_cap_cr: 227.63
generated_at: "2026-09-13T19:17:16.487Z"
---

# IC Electricals Company Ltd (ICELCO)

Canonical page: https://tapetide.com/stocks/ICELCO

## Company

- **NSE Symbol:** ICELCO
- **ISIN:** INE0XE501015
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Listed Since:** 2026-07-10
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in 2005, IC Electricals Company Limited 
is engaged in the manufacturing of electronic equipment 
for railway applications and in providing engineering solutions to Indian Railways[1]

## Latest Price

- **Price:** ₹125.2
- **Change:** -0.9 (-0.71%)
- **Open:** ₹127.35
- **Day High:** ₹127.35
- **Day Low:** ₹123.35
- **Previous Close:** ₹126.1
- **Volume:** 25200
- **As Of:** 2026-09-11T09:58:15+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:30.377805Z.

- **Market Cap:** ₹227.63 Cr
- **Classification:** SME
- **P/E (reported):** 16.3
- **Book Value:** ₹61.07
- **Price to Book:** 2.06
- **Dividend Yield:** 0%
- **ROE:** 22.03%
- **ROCE:** 40.2%
- **Debt to Equity:** 1.19
- **Revenue (yearly):** ₹143.8 Cr
- **Net Income:** ₹14.1 Cr
- **EBITDA:** ₹27.8 Cr
- **52-Week High:** ₹183
- **52-Week Low:** ₹99
- **RSI (14):** 43.41

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| cash flow growth | -15.03% | -655.1% |
| ebitda margin growth | 17.8% | 43.22% |
| net income growth | 50% | 206.52% |
| revenue growth | 17.48% | 12.99% |
| roce | 7.89% | 8.21% |
| roe | 16.75% | 18.56% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 99 | 122 | 143 |
| Expenses | 86 | 102 | 116 |
| Operating Profit | 13 | 20 | 27 |
| OPM % | 13 | 16 | 19 |
| Other Income | 0 | 0 | 1 |
| Interest | 7 | 7 | 8 |
| Depreciation | 0 | 0 | 1 |
| Profit before tax | 6 | 13 | 19 |
| Tax % | 23 | 25 | 26 |
| Net Profit | 5 | 9 | 14 |
| EPS in Rs | 11.77 | 6.98 | 10.49 |
| Dividend Payout % | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 4 | 13 | 13 |
| Reserves | 27 | 36 | 50 |
| Borrowings | 48 | 56 | 75 |
| Other Liabilities | 65 | 55 | 54 |
| Total Liabilities | 144 | 160 | 193 |
| Fixed Assets | 3 | 3 | 3 |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets | 141 | 157 | 190 |
| Total Assets | 144 | 160 | 193 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | -1 | -10 | -11 |
| Cash from Investing Activity | 0 | 0 | -1 |
| Cash from Financing Activity | 2 | 10 | 12 |
| Net Cash Flow | 0 | 0 | 0 |
| Free Cash Flow | -2 | -10 | -12 |
| CFO/OP | -3 | -41 | -30 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 132 | 83 | 90 |
| Inventory Days | 429 | 389 | 436 |
| Days Payable | 295 | 164 | 173 |
| Cash Conversion Cycle | 266 | 308 | 354 |
| Working Capital Days | 90 | 135 | 148 |
| ROCE % | — | 21 | 22 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Jun 2026 |
| --- | --- | --- |
| Promoters | 73.52% | 82.92% |
| FIIs | 0% | 0% |
| DIIs | 0% | 0% |
| Government | 0% | 0% |
| Public | 0% | 0% |
| Others | 26.48% | 17.08% |
| No. of Shareholders | 88 | 110 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 12 / 4

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 120.03 | Buy |
| EMA (10) | 123.2 | Buy |
| SMA (20) | 128.19 | Sell |
| EMA (20) | 127.92 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.65 | Neutral |
| MACD (12,26,9) | -7.44 | Buy |
| Stochastic (14,3,3) | 40.98 | Neutral |
| ADX (14) | 17.52 | Neutral |
| Williams %R (14) | -50.2 | Neutral |
| ATR (14) | 7.85 | High Volatility |
| ROC (12) | -8.31 | Sell |
| Stoch RSI (14) | 94.92 | Sell |
| UO (7,14,28) | 41.17 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - OCR page contains mixed news articles and a tender notice. | [General Updates 8 Sep - OCR page contains mixed news articles and a tender notice.](https://nsearchives.nseindia.com/corporate/ICEL_08092026161827_News_paper_Ad.pdf) |
| 7 Sep - IC Electricals Company Limited has informed about Shareholders meeting | [Shareholders meeting 7 Sep - IC Electricals Company Limited has informed about Shareholders meeting](https://nsearchives.nseindia.com/corporate/ICEL_07092026104455_AR-2025-26.pdf) |
| 14 Jul - Subsidiary won ₹4.89 crore export order; unexecuted export order book rises to ₹17.20 crore. | [Awarding of order(s)/contract(s) 14 Jul - Subsidiary won ₹4.89 crore export order; unexecuted export order book rises to ₹17.20 crore.](https://nsearchives.nseindia.com/corporate/ICEL_14072026094811_Press_Release-F.pdf) |
| 1 Sep - IC Electricals secures ₹6 crore railway and ₹1 crore export orders, totalling ₹7 crore. | [Awarding of order(s)/contract(s) 1 Sep - IC Electricals secures ₹6 crore railway and ₹1 crore export orders, totalling ₹7 crore.](https://nsearchives.nseindia.com/corporate/ICEL_01092026184711_Press_Release.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:16.487Z.