Nifty

:

20937.70

Sensex

:

69653.73

82.60 (0.40%)
357.59 (0.52%)

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Nifty
Sensex

:
:

20937.70
69653.73

82.60 (0.40%)
357.59 (0.52%)

IP Rings Ltd.

Auto Ancillary

Rating :

46/99

BSE: 523638 | NSE: IPRINGLTD

Watchlist

NSE BSE

153.20

06-Dec-2023

Open
High
Low
Previous Close

156.00
159.80
153.00
155.95

Volume
Traded Value (lacs)
52 Week High
52 Week Low

90
14.31
180.00
80.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

194.19
N/A
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

272.10
0.65%
1.83

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

14.33
8.80
17.66

EBITDA CAGR (%)

10 Years
5 Years
3 Years

10.30
-1.31
1.09

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-26.20
-29.52

P:E (Median)

8 Years
5 Years
3 Years

-
19.22
19.22

P:BV (Average)

8 Years
5 Years
3 Years

0.85
1.35
1.35

EV:EBITDA (Average)

8 Years
5 Years
3 Years

5.06
8.17
8.17

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 23 Sep 22 Var% Jun 23 Jun 22 Var% Mar 23 Mar 22 Var% Dec 22 Dec 21 Var%
Net Sales 77.74 85.34 -8.91% 76.24 79.10 -3.62% 76.31 71.84 6.22% 82.54 71.95 14.72%
Expenses 72.49 78.81 -8.02% 72.23 70.56 2.37% 71.21 62.87 13.27% 76.85 65.48 17.36%
EBITDA 5.25 6.54 -19.72% 4.01 8.54 -53.04% 5.10 8.97 -43.14% 5.68 6.47 -12.21%
EBIDTM 6.75% 7.66% 5.26% 10.79% 6.69% 12.49% 6.88% 8.98%
Other Income 0.29 0.87 -66.67% 1.29 0.94 37.23% 0.25 1.41 -82.27% 1.28 0.53 141.51%
Interest 2.77 2.57 7.78% 3.06 2.42 26.45% 3.08 2.46 25.20% 2.81 2.75 2.18%
Depreciation 4.32 3.92 10.20% 4.16 3.79 9.76% 4.23 3.71 14.02% 4.00 3.61 10.80%
PBT -1.55 0.91 - -1.92 3.27 - -1.96 4.21 - 0.16 0.64 -75.00%
Tax 0.46 0.14 228.57% -0.70 0.98 - -0.56 0.78 - 0.10 0.20 -50.00%
PAT -2.01 0.77 - -1.22 2.29 - -1.40 3.44 - 0.06 0.44 -86.36%
PATM -2.59% 0.91% -1.60% 2.90% -1.83% 4.79% 0.08% 0.61%
EPS -1.58 0.61 - -0.96 1.80 - -1.10 2.71 - 0.05 0.35 -85.71%

Description Sep 23 Sep 22 Var% Jun 23 Jun 22 Var% Mar 23 Mar 22 Var% Dec 22 Dec 21 Var%
Net Sales 77.74 85.34 -8.91% 76.24 79.10 -3.62% 76.31 71.84 6.22% 82.54 71.95 14.72%
Expenses 72.49 78.81 -8.02% 72.23 70.56 2.37% 71.21 62.87 13.27% 76.85 65.48 17.36%
EBITDA 5.25 6.54 -19.72% 4.01 8.54 -53.04% 5.10 8.97 -43.14% 5.68 6.47 -12.21%
EBIDTM 6.75% 7.66% 5.26% 10.79% 6.69% 12.49% 6.88% 8.98%
Other Income 0.29 0.87 -66.67% 1.29 0.94 37.23% 0.25 1.41 -82.27% 1.28 0.53 141.51%
Interest 2.77 2.57 7.78% 3.06 2.42 26.45% 3.08 2.46 25.20% 2.81 2.75 2.18%
Depreciation 4.32 3.92 10.20% 4.16 3.79 9.76% 4.23 3.71 14.02% 4.00 3.61 10.80%
PBT -1.55 0.91 - -1.92 3.27 - -1.96 4.21 - 0.16 0.64 -75.00%
Tax 0.46 0.14 228.57% -0.70 0.98 - -0.56 0.78 - 0.10 0.20 -50.00%
PAT -2.01 0.77 - -1.22 2.29 - -1.40 3.44 - 0.06 0.44 -86.36%
PATM -2.59% 0.91% -1.60% 2.90% -1.83% 4.79% 0.08% 0.61%
EPS -1.64 0.63 - -0.91 1.71 - -1.05 2.77 - 0.02 0.27 -92.59%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Net Sales 312.83 323.30 272.71 198.46 197.93 212.09 202.90 173.59 118.17 101.29 84.74 Net Sales Growth 1.49% 18.55% 37.41% 0.27% -6.68% 4.53% 16.88% 46.90% 16.67% 19.53% Cost Of Goods Sold 109.83 112.49 81.88 59.85 63.06 65.66 66.82 58.38 39.94 33.46 31.99 Gross Profit 203.00 210.80 190.84 138.61 134.87 146.43 136.09 115.21 78.22 67.82 52.74 GP Margin 64.89% 65.20% 69.98% 69.84% 68.14% 69.04% 67.07% 66.37% 66.19% 66.96% 62.24% Total Expenditure 292.78 297.43 239.74 173.96 176.36 184.46 178.93 160.30 102.97 88.55 75.03 Power & Fuel Cost - 15.04 11.48 9.01 9.68 9.82 8.24 7.74 5.72 5.23 4.82 % Of Sales - 4.65% 4.21% 4.54% 4.89% 4.63% 4.06% 4.46% 4.84% 5.16% 5.69% Employee Cost - 30.04 28.76 24.55 28.57 28.97 27.11 24.47 17.55 16.49 12.64 % Of Sales - 9.29% 10.55% 12.37% 14.43% 13.66% 13.36% 14.10% 14.85% 16.28% 14.92% Manufacturing Exp. - 114.04 95.78 60.76 54.41 59.56 56.23 49.24 27.26 24.20 17.78 % Of Sales - 35.27% 35.12% 30.62% 27.49% 28.08% 27.71% 28.37% 23.07% 23.89% 20.98% General & Admin Exp. - 14.69 11.13 9.31 12.65 12.41 10.91 10.90 7.53 6.55 5.33 % Of Sales - 4.54% 4.08% 4.69% 6.39% 5.85% 5.38% 6.28% 6.37% 6.47% 6.29% Selling & Distn. Exp. - 7.63 7.44 7.76 2.55 2.68 4.86 2.88 1.00 0.06 0.03 % Of Sales - 2.36% 2.73% 3.91% 1.29% 1.26% 2.40% 1.66% 0.85% 0.06% 0.04% Miscellaneous Exp. - 3.50 3.27 2.71 5.43 5.35 4.77 6.69 3.97 2.56 0.03 % Of Sales - 1.08% 1.20% 1.37% 2.74% 2.52% 2.35% 3.85% 3.36% 2.53% 2.86% EBITDA 20.04 25.87 32.97 24.50 21.57 27.63 23.97 13.29 15.20 12.74 9.71 EBITDA Margin 6.41% 8.00% 12.09% 12.35% 10.90% 13.03% 11.81% 7.66% 12.86% 12.58% 11.46% Other Income 3.11 3.34 2.44 1.02 0.66 0.99 1.37 2.13 0.52 0.57 0.06 Interest 11.72 10.87 10.02 7.43 9.44 7.83 7.15 9.96 8.52 7.75 6.47 Depreciation 16.71 15.95 14.34 11.54 11.05 9.77 8.05 8.01 6.95 6.71 6.91 PBT -5.27 2.39 11.05 6.54 1.74 11.03 10.14 -2.56 0.25 -1.15 -3.62 Tax -0.70 0.65 2.84 1.57 0.64 3.09 2.81 -1.12 0.03 -0.67 -0.86 Tax Rate 13.28% 27.20% 25.70% 24.01% 36.78% 28.01% 27.71% 43.75% 12.00% 58.26% 23.76% PAT -4.57 1.74 8.21 4.97 1.10 7.95 7.33 -1.45 0.21 -0.49 -2.76 PAT before Minority Interest -4.57 1.74 8.21 4.97 1.10 7.95 7.33 -1.45 0.21 -0.49 -2.76 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin -1.46% 0.54% 3.01% 2.50% 0.56% 3.75% 3.61% -0.84% 0.18% -0.48% -3.26% PAT Growth -165.85% -78.81% 65.19% 351.82% -86.16% 8.46% - - - - EPS -3.60 1.37 6.46 3.91 0.87 6.26 5.77 -1.14 0.17 -0.39 -2.17

Description TTM Mar 23 Mar 22
Net Sales 312.83 323.30 272.71 Net Sales Growth 1.49% 18.55% Cost Of Goods Sold 109.83 112.49 81.88 Gross Profit 203.00 210.80 190.84 GP Margin 64.89% 65.20% 69.98% Total Expenditure 292.78 297.43 239.74 Power & Fuel Cost - 15.04 11.48 % Of Sales - 4.65% 4.21% Employee Cost - 30.04 28.76 % Of Sales - 9.29% 10.55% Manufacturing Exp. - 114.04 95.78 % Of Sales - 35.27% 35.12% General & Admin Exp. - 14.69 11.13 % Of Sales - 4.54% 4.08% Selling & Distn. Exp. - 7.63 7.44 % Of Sales - 2.36% 2.73% Miscellaneous Exp. - 3.50 3.27 % Of Sales - 1.08% 1.20% EBITDA 20.04 25.87 32.97 EBITDA Margin 6.41% 8.00% 12.09% Other Income 3.11 3.34 2.44 Interest 11.72 10.87 10.02 Depreciation 16.71 15.95 14.34 PBT -5.27 2.39 11.05 Tax -0.70 0.65 2.84 Tax Rate 13.28% 27.20% 25.70% PAT -4.57 1.67 8.20 PAT before Minority Interest -4.57 1.67 8.20 Minority Interest 0.00 0.00 0.00 PAT Margin -1.46% 0.52% 3.01% PAT Growth -165.85% -79.63% EPS -3.60 1.31 6.46

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Shareholder's Funds 110.99 111.85 105.39 101.05 101.62 93.75 86.53 40.21 40.50 41.30 Share Capital 12.68 12.68 12.68 12.68 12.68 12.68 12.68 7.04 7.04 7.04 Total Reserves 98.31 99.18 92.72 88.37 88.95 81.08 73.86 33.17 33.46 34.26 Non-Current Liabilities 49.40 58.81 46.94 30.77 36.27 24.92 18.49 15.55 22.16 21.93 Secured Loans 40.48 50.47 38.74 27.50 32.78 21.03 13.33 11.39 16.59 14.15 Unsecured Loans 0.83 0.00 0.00 0.50 1.50 2.50 4.75 2.75 4.25 5.75 Long Term Provisions 1.38 1.23 1.01 1.06 0.82 0.89 0.71 0.59 0.54 0.45 Current Liabilities 155.62 130.05 120.50 105.39 89.84 87.88 83.75 99.92 66.10 56.07 Trade Payables 91.99 63.17 53.27 29.91 34.79 28.39 32.69 17.14 14.67 13.76 Other Current Liabilities 33.31 30.51 26.86 35.45 17.02 23.04 21.28 20.33 17.54 13.11 Short Term Borrowings 30.05 36.12 39.98 39.63 37.73 36.41 29.37 62.25 33.82 29.16 Short Term Provisions 0.27 0.24 0.39 0.39 0.30 0.04 0.41 0.20 0.07 0.04 Total Liabilities 316.01 300.71 272.83 237.21 227.73 206.55 188.77 155.68 128.76 119.30 Net Block 153.71 154.12 144.62 119.06 117.77 94.72 84.62 80.42 68.46 68.09 Gross Block 237.68 222.93 199.10 162.13 150.10 117.45 177.38 165.27 146.38 138.87 Accumulated Depreciation 83.97 68.81 54.49 43.07 32.34 22.72 92.76 84.85 77.92 70.78 Non Current Assets 161.87 164.74 155.19 142.97 127.18 114.18 98.28 87.89 71.06 72.73 Capital Work in Progress 2.10 4.54 1.92 19.39 1.76 4.14 4.25 1.48 0.26 2.86 Non Current Investment 1.02 0.52 0.01 0.01 0.02 0.02 0.04 0.11 0.04 0.04 Long Term Loans & Adv. 4.48 4.06 8.63 4.51 7.63 15.30 9.37 5.89 2.30 1.74 Other Non Current Assets 0.57 1.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 154.14 135.96 117.65 94.23 100.55 92.37 90.49 67.78 57.69 46.57 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 59.72 52.85 47.21 37.97 40.47 35.11 33.77 26.53 24.99 20.26 Sundry Debtors 75.65 67.28 56.50 38.05 49.43 47.05 48.65 34.40 24.35 18.68 Cash & Bank 5.97 3.48 6.59 11.90 5.63 5.35 1.61 1.59 1.25 0.76 Other Current Assets 12.79 2.59 4.71 2.91 5.03 4.85 6.46 5.27 7.10 6.88 Short Term Loans & Adv. 8.26 9.76 2.64 3.40 3.05 3.76 5.80 4.57 6.58 6.39 Net Current Assets -1.48 5.92 -2.85 -11.15 10.71 4.49 6.74 -32.14 -8.40 -9.49 Total Assets 316.01 300.70 272.84 237.20 227.73 206.55 188.77 155.67 128.75 119.30

Description Mar 23 Mar 22
Shareholder's Funds 110.90 111.84 Share Capital 12.68 12.68 Total Reserves 98.22 99.16 Non-Current Liabilities 49.40 58.81 Secured Loans 40.48 50.47 Unsecured Loans 0.83 0.00 Long Term Provisions 1.38 1.23 Current Liabilities 155.62 130.05 Trade Payables 91.99 63.17 Other Current Liabilities 33.31 30.51 Short Term Borrowings 30.05 36.12 Short Term Provisions 0.27 0.24 Total Liabilities 315.92 300.70 Net Block 153.71 154.12 Gross Block 237.68 222.93 Accumulated Depreciation 83.97 68.81 Non Current Assets 161.79 164.73 Capital Work in Progress 2.10 4.54 Non Current Investment 0.93 0.50 Long Term Loans & Adv. 4.48 4.06 Other Non Current Assets 0.57 1.50 Current Assets 154.14 135.96 Current Investments 0.00 0.00 Inventories 59.72 52.85 Sundry Debtors 75.65 67.28 Cash & Bank 5.97 3.48 Other Current Assets 12.79 2.59 Short Term Loans & Adv. 8.26 9.76 Net Current Assets -1.48 5.92 Total Assets 315.93 300.69

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Cash From Operating Activity 42.14 22.77 17.04 32.17 20.73 21.82 10.31 7.39 -2.43 0.97 PBT 2.39 11.05 6.54 1.74 11.03 10.14 -2.56 0.25 -1.15 -3.62 Adjustment 26.24 24.56 17.52 23.48 17.94 15.30 17.92 15.32 14.48 13.48 Changes in Working Capital 14.82 -11.30 -5.82 7.43 -5.57 -1.69 -4.79 -8.08 -7.10 -2.29 Cash after chg. in Working capital 43.45 24.30 18.24 32.65 23.40 23.74 10.57 7.49 6.23 7.56 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -7.78 -6.60 Tax Paid -1.31 -1.53 -1.20 -0.48 -2.67 -1.93 -0.25 -0.10 -0.87 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -12.72 -26.53 -26.26 -14.52 -22.00 -24.15 29.98 -20.44 -5.53 -12.01 Net Fixed Assets -12.31 -26.45 -19.50 -29.66 -30.27 60.04 -14.88 -20.11 -4.91 -11.12 Net Investments -0.50 -0.51 0.00 0.01 0.00 0.02 0.07 -0.07 0.00 -0.03 Others 0.09 0.43 -6.76 15.13 8.27 -84.21 44.79 -0.26 -0.62 -0.86 Cash from Financing Activity -27.30 0.58 3.91 -11.38 1.59 6.11 -36.35 10.97 8.45 11.43 Net Cash Inflow / Outflow 2.12 -3.18 -5.31 6.27 0.31 3.77 3.95 -2.09 0.50 0.39 Opening Cash & Equivalents 3.40 6.58 11.89 5.62 5.31 1.53 -2.55 -0.46 0.76 0.36 Closing Cash & Equivalent 5.52 3.40 6.58 11.89 5.62 5.31 1.40 -2.55 1.25 0.76

Description Mar 23 Mar 22
Cash From Operating Activity 42.14 22.77 PBT 2.32 11.03 Adjustment 26.31 24.57 Changes in Working Capital 14.82 -11.30 Cash after chg. in Working capital 43.45 24.30 Interest Paid 0.00 0.00 Tax Paid -1.31 -1.53 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -12.72 -26.53 Net Fixed Assets -12.31 Net Investments -0.50 Others 0.09 Cash from Financing Activity -27.30 0.58 Net Cash Inflow / Outflow 2.12 -3.18 Opening Cash & Equivalents 3.40 6.58 Closing Cash & Equivalent 5.52 3.40

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Book Value (Rs.) 87.56 88.24 83.14 79.72 80.17 73.96 68.27 40.14 40.43 41.24 ROA 0.56% 2.86% 1.95% 0.47% 3.66% 3.71% -0.84% 0.15% -0.39% -2.40% ROE 1.56% 7.56% 4.81% 1.09% 8.13% 8.14% -2.28% 0.53% -1.19% -6.46% ROCE 6.21% 10.08% 7.33% 6.09% 10.76% 11.06% 5.44% 7.53% 6.39% 3.01% Fixed Asset Turnover 1.40 1.29 1.10 1.27 1.59 1.40 1.11 0.85 0.79 0.71 Receivable days 80.69 82.83 86.95 80.66 83.02 84.49 79.75 81.42 69.74 71.84 Inventory Days 63.55 66.96 78.33 72.32 65.03 60.81 57.90 71.39 73.32 73.13 Payable days 214.02 222.55 214.43 57.00 54.30 62.03 56.34 54.70 50.96 49.69 Cash Conversion Cycle -69.79 -72.76 -49.15 95.98 93.75 83.28 81.30 98.11 92.10 95.28 Total Debt/Equity 0.86 0.97 0.88 0.81 0.81 0.78 0.69 2.13 1.64 1.40 Interest Cover 1.22 2.10 1.88 1.18 2.41 2.42 0.74 1.03 0.85 0.44

Description Mar 23 Mar 22
Book Value (Rs.) 87.49 88.23 ROA 0.54% 2.73% ROE 1.50% 7.33% ROCE 6.18% 9.58% Fixed Asset Turnover 1.40 1.22 Receivable days 80.69 90.05 Inventory Days 63.55 70.74 Payable days 214.02 241.48 Cash Conversion Cycle -69.79 -80.69 Total Debt/Equity 0.87 0.97 Interest Cover 1.21 2.10

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Annual Reports:

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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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