IP Rings Ltd.
Snapshot View

179.80 +2.30 ▲1.3%

05 August 2021, 03:43:00 P.M.
Volume: 15,663

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.iprings.com
Financial Indicators
Market Cap 225.00 Cr.
Earnings per share (EPS) 11.17 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 15.90 Trailing Twelve Months Ending 2021-06
Industry PE 81.86 Trailing Twelve Months Ending 2021-06
Book Value / Share 86.34 Trailing Twelve Months Ending 2021-06
Price to Book Value 2.06 Calculated using Price: 177.50
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.27 Cr. 12,675,865 Shares
FaceValue 10
Company Profile

IP Rings was born out of the technical collaboration between India Pistons Limited and Nippon Piston Ring Company Ltd., Japan - a world class leader in Ring Technology in 1991. IP Rings was promoted by India Pistons Ltd., Simpson & Company Ltd., Tractors and Farm Equipment Ltd., and Amalgamations Pvt Ltd., Chennai. State-of-the-Art manufacturing facility at Maraimalai Nagar, 50 Kms. from Chennai. 

IP Rings manufactures a wide range of sophisticated piston rings. A model manufacturing unit, the Company’s production plant is fully integrated and has a wide spectrum of Surface Engineering Technologies.

IP Rings is the only Company in India, which has got under one roof, facilities for all the surface treatments, which are currently used in contemporary engines. Its plant at Maraimalainagar has the following surface treatment facilities.

Plasma Spray: IP Rings has one of the best plasma spray facilities, which is capable of spraying alloy powders and also multi-layer coatings. Plasma sprayed coatings improve the scuff and wear resistance and are recommended for high operating temperatures.

Gas Nitriding : IP Rings has a fully automatic Gas Nitriding frunace, capable of giving extremely close tolerances on mechanical properties and case depth. This results in excellent wear-resistance and prolonged engine life for gasolene engines - both for passenger cars and two-wheelers.  

Nifflex-S & Nifflex-H: IP Rings has the facility to manufacture 3 piece steel oil control ring, consisting of an expander and two side rails, based on the famous Nifflex-S, Nifflex-Hdesign of NPR, Japan. These rings ensure total conformability of the oil ring to the cylinder bore throughout the life of the engine and give better and long life oil control.  

Chrome Plating : IP Rings has a fully automated chrome plating facility, which can carry out besides periphery plating, chrome plating of the side faces of the rings, as well as the bore surface. Thus, it can cater to the entire range of chrome plating requirements.

Entire spectrum of the automobile industry from two-wheelers to Heavy Commercial Vehicles and Tractors are catered by them.

Product range of the company includes:

  • Steel Rings
  • Cast Iron Rings and
  • Nifflex S Rings
  • Nifflex H with surface coatings
  • Plasma Spraying
  • Gas Nitriding
  • Chrome Plating

Clientele:Tata Motors, Maruti, Ashok Leyland, Hyundai. Eicher, HM, TVS, Royal Enfield, Simpson, Nippon Pistons etc.

Achievements/ recognition:

  • ISO 9002 (1996)
  • QS9000 (2000)
  • ISO 14001 (2002)
  • ISO/TS16949:2002 (2002)
  • 100 PPM (2003)
  • Accreditation of In-house R & D (2004)
  • IMEA Gold Award from Frost & Sulivan (2005)
  • IMEA Super Platinum From Frost & Sulivan (2007)
  • CII EXIM - Significant Acheivement Award (2008)

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.30%
1 Week
+8.97%
1 Month
+25.17%
3 Month
+78.37%
6 Month
+136.89%
1 Year
+299.56%
2 Year
+204.23%
5 Year
+82.54%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 1.20 -9.05 -6.46 -1.19 0.53 -2.28 8.14 8.13 1.09
Return on Capital Employed (%) 4.78 -1.02 3.01 6.39 7.53 5.44 11.06 10.76 6.07
Return on Assets (%) 0.58 -3.87 -2.40 -0.39 0.15 -0.84 3.71 3.66 0.47

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 48 44 41 41 40 87 94 102 101
Non Curr. Liab. 23 15 22 22 16 18 25 36 32
Curr. Liab. 34 51 56 66 100 84 88 90 104
Minority Int.
Equity & Liab. 106 110 119 129 156 189 207 228 237
Non Curr. Assets 66 68 73 71 88 98 114 127 143
Curr. Assets 39 42 47 58 68 90 92 101 94
Misc. Exp. not W/O
Total Assets 106 110 119 129 156 189 207 228 237

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 83 85 85 101 118 174 203 212 198
Other Income 0 0 0 1 1 2 1 1 1
Total Income 83 85 85 102 119 176 204 213 199
Total Expenditure -74 -80 -75 -89 -103 -160 -179 -184 -176
PBIDT 9 6 10 13 16 15 25 29 22
Interest -4 -6 -6 -8 -9 -10 -7 -8 -9
Depreciation -5 -6 -7 -7 -7 -8 -8 -10 -11
Taxation 0 2 1 1 0 1 -3 -3 -1
Exceptional Items
PAT 1 -4 -3 0 0 -1 7 8 1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 2 0 1 -2 7 10 22 21 32
Cash Fr. Inv. -12 -8 -12 -6 -20 30 -24 -22 -15
Cash Fr. Finan. 9 7 11 8 11 -36 6 2 -11
Net Change 0 -1 0 1 -2 4 4 0 6
Cash & Cash Eqvt 2 0 1 1 -3 1 5 6 12

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 56.58 56.58 56.58 56.58 56.58 56.58 56.58 56.58 56.58
Public 43.42 43.42 43.42 43.42 43.42 43.42 43.42 43.42 43.42
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 02 Aug 2021
Intimation Of Unaudited Financial Results As On June 30 2021
IP RINGS LIMITED has informed BSE that the Limited Review results for the quarter ended on 30th June 2021 was enclosed herewith.
Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Meeting Updates
Details Of Changes In Committee Membership - Board Meeting Update

IP Rings Limited is informing the changes in the Nomination and Remuneration committee membership of Directors with effect from 02nd August 2021
Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with Part A of Schedule III of the same we hereby intimate that Mr. M. Govindarajan [DIN: 0009264840] was appointed as Whole Time Director for a period of 3 years with effect from August 02 2021.

Technical Scans View Details

Wed, 04 Aug 2021
High Delivery Percentage High Delivery Percentage
Close Crossing Last Week High Close Crossing Last Week High
Opening at High Opening at High
Opening at Low Opening at Low
Closing Above Previous High Closing Above Previous High

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