IP Rings Ltd.

186.90 +5.40 ▲3.0%

02 May 2024, 04:01:00 PM
Volume: 4,154

Company Profile

Sector Automobile & Ancillaries Sector Icon Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Industry Icon Auto Ancillary Compare with Industry peers
Website http://www.iprings.com
Market Cap 233.05 Cr.
Enterprise Value(EV) 310.95 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) -4.31 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2023-12
Industry PE 40.29 Trailing Twelve Months Ending 2023-12
Book Value / Share 83.14 Trailing Twelve Months Ending 2023-12
Price to Book Value 2.21 Calculated using Price: 183.85
Dividend Yield 0.54 Period Ending 2023-03
No. of Shares Subscribed 1.27 Cr. 12,675,865 Shares
FaceValue 10
About IP Rings Ltd.
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 Ltd. Delivery

Delivered Qty
Traded Qty

IP Rings Ltd. Performance

1 Day
+2.98%
1 Week
+11.78%
1 Month
+25.52%
3 Month
+0.48%
6 Month
+36.42%
1 Year
+102.49%
2 Year
+69.29%
5 Year
+87.84%
10 Year
+577.42%

IP Rings Ltd. Fundamental Ratios

2 years 2022-03 2023-03
Return on Equity (%) 7.33 1.5
Return on Capital Employed (%) 9.58 6.18
Return on Assets (%) 2.73 0.54

IP Rings Ltd. Balance Sheet

Particulars 3 years 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 112 111 106
Non Curr. Liab. 59 49 42
Curr. Liab. 130 156 154
Minority Int.
Equity & Liab. 301 316 302
Non Curr. Assets 165 162 159
Curr. Assets 136 154 144
Misc. Exp. not W/O
Total Assets 301 316 302

IP Rings Ltd. Profit and Loss

Particulars 3 years 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-12 Rs. Cr. TTM
Net Sales 273 323 304
Other Income 2 3 3
Total Income 275 327 307
Total Expenditure -240 -297 -285
PBIDT 35 29 22
Interest -10 -11 -12
Depreciation -14 -16 -17
Taxation -3 -1 1
Exceptional Items
PAT 8 2 -6
Minority Interest
Share Associate 0
Other Related Items
Consolidated Net Profit 8 2 -5
Adjusted EPS 6 1 -4

IP Rings Ltd. Cash Flow

Particulars 2 years 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 23 42
Cash Fr. Inv. -27 -13
Cash Fr. Finan. 1 -27
Net Change -3 2
Cash & Cash Eqvt 3 6

IP Rings Ltd. Shareholding Pattern

9 Qtrs 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%) 2024-03 (%)
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
No. of Shareholders (in Lacs)

IP Rings Ltd. Announcements

Wed, 24 Apr 2024
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompanyIP RINGS LTD.-
2CIN NO.L28920TN1991PLC020232
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 0.00
4Highest Credit Rating during the previous FY 0
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Amarnath Tripathy
Designation: Company Secretary
EmailId: cs@iprings.com
Name of the Chief Financial Officer: R Janakiraman
Designation: Chief Financial Officer
EmailId: janakiramanr@iprings.com

Date: 24/04/2024

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Wed, 24 Apr 2024
Compliance Certificate Under Regulation 40 (9) Read With Regulation 40 (10) Of SEBI (LODR) 2015
Pursuant to Regulation 40 (9) read with Regulation 40 (10) of Securities Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulation 2015 we are enclosing herewith Compliance Certificate obtained from Practicing Company Secretary for the Year ended 31st March 2024.This is for your kind information & record.
Wed, 17 Apr 2024
Compliance Certificate Under Regulation 7(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Year Ended 31St March 2024.
Compliance Certificate under Regulation 7 (3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 for the Year Ended on 31st March 2024

IP Rings Ltd. Technical Scans

Thu, 02 May 2024
High Increase in 1 Month High Increase in 1 Month
High Increase in 6 Months High Increase in 6 Months
High Increase in 1 Year High Increase in 1 Year
High Increase in 2 Years High Increase in 2 Years
20 SMA Crossing 50 SMA From Below 20 SMA Crossing 50 SMA From Below

IP Rings Ltd. Related Stocks

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Eicher Motors Ltd. 126,027.26 4,594.10 0.0%
TVS Motor Company Ltd. 98,559.20 2,078.00 +0.8%
Cummins India Ltd. 91,584.11 3,303.90 +0.9%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2024-03 29.82 12,758.05 -0.4%
Tata Motors Ltd. Consolidated 2023-12 17.61 1,027.95 +2.0%
Mahindra & Mahindra Ltd. Consolidated 2023-12 24.36 2,180.00 +1.1%
Bajaj Auto Ltd. Consolidated 2024-03 32.97 9,103.80 +2.2%
Eicher Motors Ltd. Consolidated 2023-12 32.85 4,594.10 0.0%
TVS Motor Company Ltd. Consolidated 2023-12 60.26 2,078.00 +0.8%
Cummins India Ltd. Consolidated 2023-12 59.83 3,303.90 +0.9%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2024-03 4.70 12,758.05 -0.4%
Tata Motors Ltd. Consolidated 2023-12 5.65 1,027.95 +2.0%
Mahindra & Mahindra Ltd. Consolidated 2023-12 4.29 2,180.00 +1.1%
Bajaj Auto Ltd. Consolidated 2024-03 8.78 9,103.80 +2.2%
Eicher Motors Ltd. Consolidated 2023-12 7.50 4,594.10 0.0%
TVS Motor Company Ltd. Consolidated 2023-12 14.40 2,078.00 +0.8%
Cummins India Ltd. Consolidated 2023-12 14.04 3,303.90 +0.9%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 0.02 12,758.05 -0.4%
Tata Motors Ltd. Consolidated 2023-03 2.78 1,027.95 +2.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 1.58 2,180.00 +1.1%
Bajaj Auto Ltd. Consolidated 2023-03 0.00 9,103.80 +2.2%
Eicher Motors Ltd. Consolidated 2023-03 0.01 4,594.10 0.0%
TVS Motor Company Ltd. Consolidated 2023-03 3.93 2,078.00 +0.8%
Cummins India Ltd. Consolidated 2023-03 0.06 3,303.90 +0.9%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 12,758.05 -0.4%
Tata Motors Ltd. Consolidated 2023-03 5.24 1,027.95 +2.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 2,180.00 +1.1%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 9,103.80 +2.2%
Eicher Motors Ltd. Consolidated 2023-03 21.19 4,594.10 0.0%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 2,078.00 +0.8%
Cummins India Ltd. Consolidated 2023-03 22.53 3,303.90 +0.9%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 12,758.05 -0.4%
Tata Motors Ltd. Consolidated 2023-03 5.24 1,027.95 +2.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 2,180.00 +1.1%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 9,103.80 +2.2%
Eicher Motors Ltd. Consolidated 2023-03 21.19 4,594.10 0.0%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 2,078.00 +0.8%
Cummins India Ltd. Consolidated 2023-03 22.53 3,303.90 +0.9%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 117,571.30 12,758.05 -0.4%
Tata Motors Ltd. Consolidated 2023-03 345,966.97 1,027.95 +2.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 121,268.55 2,180.00 +1.1%
Bajaj Auto Ltd. Consolidated 2023-03 36,455.38 9,103.80 +2.2%
Eicher Motors Ltd. Consolidated 2023-03 14,442.18 4,594.10 0.0%
TVS Motor Company Ltd. Consolidated 2023-03 31,973.99 2,078.00 +0.8%
Cummins India Ltd. Consolidated 2023-03 7,772.09 3,303.90 +0.9%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 8,211.00 12,758.05 -0.4%
Tata Motors Ltd. Consolidated 2023-03 2,353.49 1,027.95 +2.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 11,374.48 2,180.00 +1.1%
Bajaj Auto Ltd. Consolidated 2023-03 6,060.21 9,103.80 +2.2%
Eicher Motors Ltd. Consolidated 2023-03 2,913.94 4,594.10 0.0%
TVS Motor Company Ltd. Consolidated 2023-03 1,309.46 2,078.00 +0.8%
Cummins India Ltd. Consolidated 2023-03 1,228.15 3,303.90 +0.9%

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