International Combustion (India) Stock Falls to 52-Week Low of Rs.627.15

On 20 Nov 2025, the stock of International Combustion (India) touched this fresh low, reflecting a continuation of its subdued performance over the past year. The stock price today showed some resilience by gaining after two consecutive days of decline, with an intraday high of Rs.647.95, representing a 2.67% rise from the day’s low. Despite this, the closing price remained at the new low point, underscoring the prevailing downward pressure.

Examining the technical indicators, International Combustion is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests that the stock is currently in a bearish trend relative to its recent historical price levels. The day’s change was a marginal decline of 0.17%, yet it outperformed its sector by 2.58%, indicating some relative strength within the industrial manufacturing segment.

In contrast, the broader market environment has been more favourable. The Sensex opened higher at 85,470.92 points, gaining 284.45 points or 0.33%, and was trading at 85,305.25 points by midday, a 0.14% increase. Notably, the Sensex itself reached a new 52-week high on the same day, supported by mega-cap stocks leading the gains. The index is trading above its 50-day moving average, which in turn is above the 200-day moving average, signalling a bullish trend for the benchmark index.

Over the last twelve months, International Combustion (India) has recorded a price return of -35.05%, significantly underperforming the Sensex, which has shown a positive return of 9.93% over the same period. The stock’s 52-week high was Rs.1,049, highlighting the extent of the decline to the current low.

Financially, the company’s quarterly profit after tax (PAT) stood at Rs.0.12 crore, reflecting a fall of 42.9% compared to the previous corresponding period. The return on capital employed (ROCE) for the half-year was recorded at 9.34%, which is among the lower levels for the company. These figures indicate subdued profitability metrics in recent periods.

Despite the price decline, International Combustion maintains a low average debt-to-equity ratio of 0.06 times, suggesting limited leverage on its balance sheet. The return on equity (ROE) is at 9.2%, which, combined with a price-to-book value of 1.2, points to a valuation that is broadly in line with its historical peer group averages. Over the past year, the company’s profits have risen by 8.6%, while the stock price has moved in the opposite direction, resulting in a price/earnings to growth (PEG) ratio of 1.5.

The majority shareholding remains with the promoters, indicating stable ownership structure. However, the stock’s performance relative to the broader BSE500 index, which has generated returns of 8.31% in the last year, highlights the challenges faced by International Combustion in keeping pace with market gains.

In summary, International Combustion (India) has experienced a notable decline in its share price over the past year, culminating in the recent 52-week low of Rs.627.15. While the broader market and sector indices have shown positive momentum, the company’s financial metrics and valuation reflect a more cautious stance. The stock’s position below all major moving averages and its underperformance relative to the Sensex and BSE500 index underscore the challenges faced in regaining upward momentum.

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