IP Rings
IPRINGLTD NSE
IP Rings
AutomobilesNSE: IPRINGLTD BSE: 523638 Auto Components
Key Fundamentals
MicrocapAuto ComponentsAutomobilesMarket Cap
₹186 Cr
Volatility
Moderate
P/E Ratio
49.28
EBITDA
₹36.50 Cr
Return on Equity
1.67%
Debt to Equity
1.16
Book Value
₹81.33
52W High
₹187
52W Low
₹124.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.2% over past five years.
- Company has a low return on equity of -0.65% over last 3 years.
Growth Rate
Revenue Growth
12.12% higher than
3Y
Net Income Growth
-139% lower than
3Y
Cash Flow Change
-56.88% higher than
3Y
ROE
-138% lower than
3Y
ROCE
155% higher than
3Y
EBITDA Margin (Avg.)
30.79% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 76.24 | 77.74 | 73.92 | 88.82 | 82.09 | 79.28 | 57.8 | 84.21 | 81.52 | 83.74 | 84.99 | 86.54 | 96.03 |
| Expenses | 72.23 | 72.49 | 68.92 | 80.05 | 75.05 | 73.45 | 55.35 | 77.36 | 74.04 | 76.13 | 77.5 | 79.05 | 86.91 |
| Operating Profit | 4.01 | 5.25 | 5 | 8.77 | 7.04 | 5.83 | 2.45 | 6.85 | 7.48 | 7.61 | 7.49 | 7.49 | 9.12 |
| OPM % | 5.26% | 6.75% | 6.76% | 9.87% | 8.58% | 7.35% | 4.24% | 8.13% | 9.18% | 9.09% | 8.81% | 8.65% | 9.5% |
| Other Income | 1.29 | 0.29 | 0.72 | 0.23 | 0.22 | 0.31 | 0.19 | 1.95 | 0.42 | 1.14 | 1.11 | 2.26 | 1.11 |
| Interest | 3.06 | 2.77 | 2.85 | 2.8 | 2.75 | 2.75 | 2.99 | 3.24 | 3.04 | 3.29 | 3.69 | 3.63 | 3.6 |
| Depreciation | 4.16 | 4.32 | 4.24 | 4.15 | 4.08 | 4.38 | 4.61 | 4.54 | 4.23 | 4.44 | 4.41 | 4.46 | 4.61 |
| PBT | -1.92 | -1.55 | -1.37 | 2.05 | 0.43 | -0.99 | -4.96 | 1.02 | 0.63 | 1.02 | 0.5 | 1.66 | 2.02 |
| Tax % | -36.46% | 29.68% | -31.39% | 29.27% | 32.56% | -23.23% | -28.23% | 18.63% | 26.98% | 66.67% | 36% | 5.42% | 24.26% |
| Net Profit | -1.22 | -2.01 | -0.95 | 1.45 | 0.29 | -0.76 | -3.56 | 0.83 | 0.46 | 0.34 | 0.32 | 1.57 | 1.52 |
| EPS in Rs | -0.96 | -1.59 | -0.75 | 1.14 | 0.23 | -0.6 | -2.81 | 0.65 | 0.36 | 0.27 | 0.25 | 1.24 | 1.2 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 101 | 118 | 175 | 203 | 212 | 198 | 198 | 273 | 323 | 317 | 303 | 337 | 351 |
| Expenses | 88 | 103 | 160 | 179 | 184 | 176 | 174 | 240 | 297 | 294 | 281 | 307 | 320 |
| Operating Profit | 13 | 15 | 15 | 24 | 28 | 22 | 25 | 33 | 26 | 23 | 22 | 30 | 32 |
| OPM % | 13% | 13% | 8% | 12% | 13% | 11% | 12% | 12% | 8% | 7% | 7% | 9% | 9% |
| Other Income | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 5 | 6 |
| Interest | 8 | 9 | 10 | 7 | 8 | 9 | 7 | 10 | 11 | 11 | 12 | 14 | 14 |
| Depreciation | 7 | 7 | 8 | 8 | 10 | 11 | 12 | 14 | 16 | 17 | 18 | 18 | 18 |
| PBT | -1 | 0 | -3 | 10 | 11 | 2 | 7 | 11 | 2 | -3 | -4 | 4 | 5 |
| Tax % | -58% | 12% | -44% | 28% | 28% | 36% | 24% | 26% | 27% | -2% | -29% | 29% | — |
| Net Profit | 0 | 0 | -1 | 7 | 8 | 1 | 5 | 8 | 2 | -3 | -3 | 3 | 4 |
| EPS in Rs | -0.39 | 0.17 | -1.14 | 5.78 | 6.27 | 0.87 | 3.92 | 6.48 | 1.37 | -2.15 | -2.52 | 2.12 | 2.96 |
| Div. Payout % | 0% | 0% | 0% | 0% | 16% | 0% | 38% | 31% | 73% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 33 | 33 | 74 | 81 | 89 | 88 | 93 | 99 | 98 | 94 | 90 | 93 |
| Borrowings | 66 | 86 | 60 | 73 | 82 | 82 | 99 | 113 | 101 | 87 | 104 | 123 |
| Other Liabilities | 22 | 30 | 43 | 40 | 44 | 54 | 68 | 75 | 104 | 114 | 96 | 97 |
| Total Liabilities | 129 | 156 | 189 | 207 | 228 | 237 | 273 | 301 | 316 | 308 | 303 | 326 |
| Fixed Assets | 68 | 80 | 85 | 95 | 118 | 119 | 145 | 154 | 154 | 146 | 146 | 151 |
| CWIP | 0 | 1 | 4 | 4 | 2 | 19 | 2 | 5 | 2 | 2 | 3 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 7 | 7 |
| Other Assets | 60 | 74 | 100 | 108 | 108 | 99 | 126 | 142 | 159 | 158 | 147 | 164 |
| Total Assets | 129 | 156 | 189 | 207 | 228 | 237 | 273 | 301 | 316 | 308 | 303 | 326 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -2 | 7 | 10 | 22 | 21 | 32 | 17 | 23 | 42 | 35 | 19 | 8 |
| Investing | -6 | -20 | -18 | -24 | -22 | -15 | -26 | -27 | -13 | -7 | -26 | -16 |
| Financing | 8 | 11 | 12 | 6 | 2 | -11 | 4 | 1 | -27 | -27 | 2 | 7 |
| Net Cash Flow | 0 | -2 | 4 | 4 | 0 | 6 | -5 | -3 | 2 | 1 | -5 | -1 |
| Free Cash Flow | -8 | -13 | -8 | -2 | -2 | 5 | 14 | 25 | 42 | 35 | 20 | 7 |
| CFO/OP | -12 | 49 | 72 | 97 | 85 | 151 | 74 | 73 | 168 | 155 | 88 | 20 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 88 | 106 | 102 | 85 | 85 | 70 | 104 | 90 | 85 | 89 | 81 | 82 |
| Inventory Days | 273 | 242 | 211 | 192 | 225 | 220 | 288 | 236 | 194 | 195 | 185 | 266 |
| Days Payable | 160 | 157 | 189 | 155 | 193 | 173 | 325 | 282 | 293 | 324 | 291 | 314 |
| Cash Conversion Cycle | 201 | 192 | 124 | 121 | 117 | 117 | 67 | 44 | -14 | -40 | -25 | 34 |
| Working Capital Days | -35 | -104 | 11 | -2 | 9 | -43 | -17 | 3 | -8 | -17 | -22 | -3 |
| ROCE % | 6% | 8% | 5% | 11% | 11% | 6% | 7% | 10% | 6% | 4% | 4% | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view IP Rings insights
30 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
28 Apr - IP Rings and NPR mutually terminate share subscription and technical assistance agreements on April 28, 2026. 28 Apr - IP Rings and NPR mutually terminate share subscription and technical assistance agreements on April 28, 2026.
2
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
28 Apr - IP Rings and NPR mutually terminate share subscription and technical assistance agreements on April 28, 2026. 28 Apr - IP Rings and NPR mutually terminate share subscription and technical assistance agreements on April 28, 2026.
3
Non- Applicability Of Provisions Of Fund Raising By Issuance Of Debt Securities By Large Corporates (Lcs).
20 Apr - IP Rings confirms it is not a Large Corporate under SEBI debt fundraising norms. 20 Apr - IP Rings confirms it is not a Large Corporate under SEBI debt fundraising norms.
4
Non- Applicability Of Provisions Of Fund Raising By Issuance Of Debt Securities By Large Corporates (Lcs).
11h - IP Rings confirms it is not a Large Corporate under SEBI debt fundraising norms. 11h - IP Rings confirms it is not a Large Corporate under SEBI debt fundraising norms.
5
Board Meeting Intimation for Adoption Of Audited Financial Results For The Quarter And Year Ended March 31, 2026.
8 Apr - Board meeting on May 29, 2026 to approve audited FY26 standalone and consolidated results. 8 Apr - Board meeting on May 29, 2026 to approve audited FY26 standalone and consolidated results.
Frequently Asked Questions about IP Rings
What does IP Rings Ltd do?
Incorporated in 1991, IP Rings Ltd
manufactures engine and transmission components[1]
Where is IP Rings Ltd (523638) listed?
IP Rings Ltd trades as IPRINGLTD on the NSE and under code 523638 on the BSE.
Which sector does IP Rings Ltd belong to?
IP Rings Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of IP Rings Ltd?
IP Rings Ltd has a market capitalisation of ₹186.34 Cr, which places it in the Small Cap band.
What is the PE ratio of IP Rings Ltd?
IP Rings Ltd trades at a PE ratio of 49.28, against a book value of ₹81.33 per share.
What is the 52-week high and low of IP Rings Ltd?
Over the last 52 weeks IP Rings Ltd has traded between ₹124.5 and ₹187.
Does IP Rings Ltd pay dividends?
IP Rings Ltd has a dividend yield of 0.68%.
What is the Return on Equity (ROE) of IP Rings Ltd?
IP Rings Ltd reported a return on equity of 1.67%. Its debt-to-equity ratio is 1.16.
Company Information
Incorporated in 1991, IP Rings Ltd manufactures engine and transmission components[1]
Website iprings.com
CEO Mr. Venkataramani Anantharamakrishnan Esq.
Employees 350
Listed 2026-08-17
Face Value ₹ 10
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