On 20 Nov 2025, the stock touched this fresh low price, reflecting a continuation of its downward trend over the past year. Despite the broader market environment showing strength, with the Sensex opening higher at 85,470.92 and reaching a new 52-week high of 85,305.25, International Combustion (India) has not mirrored this positive momentum. The Sensex is currently trading above its 50-day moving average, supported by mega-cap stocks, whereas International Combustion is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent lag in price recovery.
Today, the stock recorded an intraday high of Rs.647.95, representing a 2.67% movement from its opening price, and outperformed its sector by 2.58%. However, this intraday gain followed two consecutive days of decline, underscoring the stock’s recent volatility and downward pressure.
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Over the last 12 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. This performance contrasts with the broader BSE500 index, which has generated returns of 8.31% in the past year, further emphasising the stock’s relative weakness.
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 half-year return on capital employed (ROCE) is reported at 9.34%, which is among the lowest levels for the company. These figures suggest subdued profitability metrics in recent periods.
Despite these challenges, the company maintains a low average debt-to-equity ratio of 0.06 times, indicating limited leverage on its balance sheet. The return on equity (ROE) is at 9.2%, and the stock trades at a price-to-book value of 1.2, which is considered an attractive valuation relative to its peers’ historical averages. Additionally, the company’s profits have shown a rise of 8.6% over the past year, while the price earnings to growth (PEG) ratio stands at 1.5, reflecting the relationship between earnings growth and valuation.
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The company’s majority shareholding remains with promoters, which may provide some stability in ownership structure. However, the stock’s current trading levels below all key moving averages indicate a cautious market stance. The divergence between the stock’s performance and the broader market’s upward trend highlights sector-specific or company-specific factors influencing investor sentiment.
In summary, International Combustion (India) has experienced a notable decline over the past year, culminating in the recent 52-week low of Rs.627.15. While the broader market and Sensex have demonstrated strength, this stock’s price and financial metrics reflect a more subdued trajectory. The company’s low leverage and reasonable valuation metrics provide context to its current standing within the industrial manufacturing sector.
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