IP Rings

Who are the top shareholders of the IP Rings?

The top shareholder of IP Rings is Simpson And Company Ltd, with a 39.18% stake, followed by Enam Securities Pvt Ltd at 8.41%. Individual investors own 22.35%, and there are no pledged promoter holdings or foreign institutional investors.

The top shareholders of IP Rings include Simpson And Company Ltd, which holds the largest stake at 39.18%. The highest public shareholder is Enam Securities Pvt Ltd, with a holding of 8.41%. Additionally, individual investors collectively own 22.35% of the company. There are no pledged promoter holdings, and the company has no foreign institutional investors (FIIs) or mutual funds holding shares.

When is the next results date for IP Rings?

No Upcoming Board Meetings

Who are in the management team of IP Rings?

As of March 2023, the management team of IP Rings includes A Venkataramani (Managing Director), Sandhya Shekhar, Vikram Vijayaraghavan, Navin Paul (Independent Directors), V Anantha Subramaniam and Amarnath Tripathy (Company Secretaries), Ryosuke Hasumi (Nominee), and M. Govindarajan (Non-Executive Director). This diverse team ensures effective governance and oversight of the company.

As of March 2023, the management team of IP Rings includes the following individuals:<BR><BR>1. A Venkataramani - Managing Director<BR>2. Sandhya Shekhar - Independent Director<BR>3. Vikram Vijayaraghavan - Independent Director<BR>4. Navin Paul - Independent Director<BR>5. V Anantha Subramaniam - Company Secretary & Compliance Officer<BR>6. Ryosuke Hasumi - Nominee<BR>7. M. Govindarajan - Non-Executive Director<BR>8. Amarnath Tripathy - Company Secretary & Compliance Officer<BR><BR>This team comprises a mix of executive and independent directors, along with compliance officers, contributing to the governance and oversight of the company.

What does IP Rings do?

IP Rings Ltd is a micro-cap company specializing in the manufacture of piston rings and transmission parts for the auto industry. As of March 2025, it reported net sales of 84 Cr and a market cap of Rs 184 Cr.

Overview:<BR>IP Rings Ltd is a micro-cap company in the auto components and equipment industry, specializing in the manufacture of piston rings and transmission parts using advanced forging technology.<BR><BR>History:<BR>Incorporated in January 1991, IP Rings Ltd has maintained its status as a front-line automotive components manufacturer. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 84 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap: Rs 184 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 36 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.79 <BR>Return on Equity: -0.79% <BR>Price to Book: 1.82<BR><BR>Contact Details:<BR>Address: D11/12 Industrial Estate, Maraimalai Nagar Kancheepuram Chennai Tamil Nadu : 603209 <BR>Tel: 91-44-27452816/27452924/27452853 <BR>Email: iprmmn@iprings.com <BR>Website: http://www.iprings.com

Has IP Rings declared dividend?

Yes, IP Rings Ltd has declared a 10% dividend, amounting to ₹1 per share, with an ex-date of August 4, 2023. While recent returns over shorter periods have been negative, the company has shown significant growth over the longer term, particularly a 249.58% total return over the last 5 years.

IP Rings Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1<BR>- Ex-date: 04 Aug 23<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -26.11%, with a dividend return of 0%, resulting in a total return of -26.11%.<BR><BR>Over the past year, the price return was -14.68%, the dividend return was 0%, leading to a total return of -14.68%.<BR><BR>In the 2-year period, the price return was 75.99%, with a dividend return of 1.08%, culminating in a total return of 77.07%.<BR><BR>For the 3-year period, the price return was 33.57%, the dividend return was 3.24%, resulting in a total return of 36.81%.<BR><BR>In the 4-year period, the price return was 60.77%, with a dividend return of 3.81%, leading to a total return of 64.58%.<BR><BR>Over the last 5 years, the price return was 240.14%, with a dividend return of 9.44%, resulting in a total return of 249.58%.<BR><BR>Overall, while IP Rings Ltd has declared a dividend, the recent returns over shorter periods have been negative, indicating potential challenges in the company's performance. However, the longer-term returns show significant growth, particularly over the 5-year period.

Who are the peers of the IP Rings?

Peers of IP Rings include Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Omax Autos, Machino Plastics, Him Teknoforg., and Emmforce. Management risk varies from excellent at Schaeffler India and Tube Investments to below average at IP Rings, with growth and capital structure also showing a range from excellent to below average across peers.

Peers: The peers of IP Rings are Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Omax Autos, Machino Plastics, Him Teknoforg., and Emmforce.<BR><BR>Quality Snapshot: Excellent management risk is observed at Schaeffler India and Tube Investments, while Good management risk is found at Bosch, Bharat Forge, and Emmforce. Average management risk is seen at Samvardh. Mothe. and Omax Autos, and Below Average management risk is present at IP Rings, Machino Plastics, Him Teknoforg. and the rest. For Growth, Excellent growth is noted at Samvardh. Mothe., Schaeffler India, and Tube Investments, while Good growth is found at Bharat Forge and Machino Plastics. Average growth is seen at Bosch, while Below Average growth is present at Omax Autos, IP Rings, Him Teknoforg., and the rest. In terms of Capital Structure, Excellent capital structure is observed at Bosch, Schaeffler India, and Tube Investments, while Good capital structure is noted at Bharat Forge, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Him Teknoforg. at 35.50%, while Emmforce has the lowest at -50.92%. IP Rings' 1-year return of -19.19% is better than Emmforce's but worse than Him Teknoforg.'s. Additionally, the six-month return is negative for Samvardh. Mothe., Bosch, Bharat Forge, Tube Investments, Omax Autos, IP Rings, Emmforce, and the rest.

Is IP Rings overvalued or undervalued?

As of March 12, 2025, IP Rings is considered undervalued with an attractive valuation grade, highlighted by a PE ratio of -41.25 and a favorable EV to EBITDA of 11.99, despite recent underperformance against the Sensex, while showing a strong 223% increase over the past five years.

As of 12 March 2025, the valuation grade for IP Rings has moved from fair to attractive, indicating a shift in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of -41.25, an EV to EBITDA of 11.99, and a Price to Book Value of 1.74, which suggest that the market may not be fully recognizing the company's potential.<BR><BR>In comparison to its peers, IP Rings stands out with a significantly lower PE ratio than Samvardh. Mothe. at 29.14 and Bosch at 46.21, both of which are categorized as expensive. Additionally, IP Rings' EV to EBITDA ratio is more favorable than those of its more expensive peers, indicating a better valuation relative to earnings. Despite recent underperformance against the Sensex, particularly in the year-to-date and one-year returns, the long-term trend shows a robust 223% increase over the past five years, reinforcing the notion that the stock may be undervalued at its current price of 143.25.

What is the technical trend for IP Rings?

As of May 9, 2025, IP Rings shows a mildly bearish technical trend, with mixed signals from MACD and Bollinger Bands, while daily moving averages reinforce the overall bearish sentiment.

As of 9 May 2025, the technical trend for IP Rings has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, but the monthly MACD indicates a mildly bearish stance, suggesting mixed signals. The Bollinger Bands show a mildly bullish trend on the weekly chart, while the monthly view is bearish. Daily moving averages are mildly bearish, reinforcing the overall bearish sentiment. The KST is mildly bullish on the weekly chart but also mildly bearish on the monthly. The Dow Theory indicates a mildly bullish trend on the weekly but shows no trend on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the monthly MACD.

How big is IP Rings?

As of 24th July, IP Rings Ltd has a market capitalization of 219.00 Cr and reported Net Sales of 303.38 Cr with a Net Profit loss of 4.43 Cr over the latest 4 quarters. The balance sheet for March 2024 shows Shareholder's Funds of 106.01 Cr and Total Assets of 307.04 Cr.

As of 24th July, IP Rings Ltd has a market capitalization of 219.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, the company reported Net Sales of 303.38 Cr. However, it experienced a loss of 4.43 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 106.01 Cr and Total Assets of 307.04 Cr.

Are IP Rings latest results good or bad?

IP Rings' latest results are mixed; while the company reported a profit after tax of Rs 0.51 crore and improved operating margins, it also faced a 3.19% decline in net sales and a 50% drop in consolidated net profit, raising concerns about cash flow and shareholder returns.

IP Rings' latest results present a mixed picture. On the positive side, the company has shown a notable turnaround with a Profit After Tax (PAT) of Rs 0.51 crore for the last six months, compared to a loss of Rs 3.86 crore in the previous year. Additionally, the operating profit reached its highest level in five quarters at Rs 7.47 crore, and the operating profit margin improved to 9.16%, indicating better efficiency.<BR><BR>However, there are significant concerns as well. The company experienced a decline in net sales by 3.19% compared to the previous quarter, and its consolidated net profit dropped by 50%. Furthermore, the operating cash flow fell to Rs 19.39 crore, the lowest in three years, and the dividend per share and payout ratio were both at 0.00%, suggesting a reduction in profit distribution to shareholders.<BR><BR>Overall, while there are some positive developments, the decline in sales and profit, along with cash flow challenges, indicate that the results are not entirely favorable.

How has been the historical performance of IP Rings?

IP Rings has experienced a declining trend in net sales and profitability over the past four years, with net sales dropping to 303.38 Cr in March 2025 from 323.30 Cr in March 2023, and profit before tax turning negative at -4.48 Cr in March 2025. Overall, the company faces a challenging financial landscape marked by decreasing revenues and profitability.

Answer:<BR>The historical performance of IP Rings shows a declining trend in net sales and profitability over the past four years.<BR><BR>Breakdown:<BR>IP Rings reported net sales of 303.38 Cr for the year ending March 2025, down from 316.72 Cr in March 2024 and 323.30 Cr in March 2023, indicating a decrease from the previous years, with a notable increase from 272.71 Cr in March 2022. The total operating income mirrored this trend, remaining at 303.38 Cr in March 2025, compared to 316.72 Cr in March 2024 and 323.30 Cr in March 2023. The total expenditure, excluding depreciation, was 281.21 Cr in March 2025, a decrease from 293.71 Cr in March 2024 and 297.43 Cr in March 2023. Operating profit (PBDIT) fell to 24.86 Cr in March 2025 from 25.55 Cr in March 2024 and 29.21 Cr in March 2023, while profit before tax turned negative at -4.48 Cr in March 2025, down from -2.79 Cr in March 2024 and a profit of 2.39 Cr in March 2023. Consequently, profit after tax also declined to -3.18 Cr in March 2025 from -2.73 Cr in March 2024 and a profit of 1.74 Cr in March 2023. The company's total assets decreased to 301.32 Cr in March 2025 from 307.04 Cr in March 2024, while total liabilities also fell to 301.32 Cr from 307.04 Cr in the same period. Cash flow from operating activities was 19.00 Cr in March 2025, down from 34.00 Cr in March 2024, and the net cash outflow was -4.00 Cr in March 2025, contrasting with a neutral cash flow in March 2024. Overall, the data reflects a challenging financial landscape for IP Rings, characterized by declining revenues and profitability.

Should I buy, sell or hold IP Rings?

Which are the latest news on IP Rings?

Why is IP Rings Ltd falling/rising?

As of 02-Feb, the stock price of IP Rings Ltd is Rs 97.60, reflecting a 2.45% decline. The stock has significantly underperformed over various periods, with a year-to-date drop of 10.58% and a yearly decline of 42.52%, driven by weak financial fundamentals and decreased investor confidence.

As of 02-Feb, the stock price of IP Rings Ltd is falling, currently at Rs 97.60, which reflects a decrease of Rs 2.45 or 2.45%. This decline is part of a broader trend, as the stock has underperformed significantly over various time periods, including a 1-week drop of 3.56% and a 1-month decrease of 13.55%. Year-to-date, the stock has fallen by 10.58%, and over the past year, it has experienced a substantial decline of 42.52%.<BR><BR>The stock's performance today has been particularly poor, as it has underperformed its sector by 3.66% and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.5%. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. It is also close to its 52-week low, being only 4.71% away from that threshold.<BR><BR>Investor participation has decreased significantly, with delivery volume dropping by 68.69% compared to the 5-day average, suggesting a lack of confidence among investors. Furthermore, the company has reported negative financial metrics, including a high Debt to EBITDA ratio of 3.91 times and a significant decline in profits, which have fallen by 228% over the past year. The weak long-term fundamentals, including a -24.93% CAGR growth in operating profits over the last five years, contribute to the stock's negative outlook.<BR><BR>Overall, the combination of poor recent performance, declining investor interest, and weak financial fundamentals are driving the stock price of IP Rings Ltd down.