International Combustion (India) Stock Hits 52-Week Low at Rs.610

Stock Price Movement and Market Context

On 21 Nov 2025, International Combustion (India) touched an intraday low of Rs.610, representing a decline of 2.06% on the day. This new 52-week low comes after three consecutive days of price falls, although the stock showed signs of recovery by gaining slightly after this period. Despite this, the share price remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward momentum.

In comparison, the Sensex opened lower at 85,347.40 points, down by 285.28 points or 0.33%, and was trading at 85,393.92 points at the time of reporting, a decline of 0.28%. The Sensex remains close to its 52-week high of 85,801.70, just 0.48% away, and is trading above its 50-day and 200-day moving averages, signalling a generally bullish trend in the broader market. This divergence highlights the relative underperformance of International Combustion (India) within the industrial manufacturing sector.

Financial Performance Overview

Over the past year, International Combustion (India) has recorded a negative return of 33.48%, contrasting with the Sensex’s positive return of 10.67% and the BSE500’s 8.93% gain over the same period. This underperformance is reflected in the company’s quarterly financial results, which showed a flat performance in September 2025. The profit after tax (PAT) for the quarter stood at Rs.0.12 crore, representing a decline of 42.9% compared to the previous period.

The company’s return on capital employed (ROCE) for the half-year was reported at 9.34%, which is considered low within the industrial manufacturing sector. Return on equity (ROE) was noted at 9.2%, indicating moderate profitability relative to shareholder equity. Despite these figures, the company’s valuation metrics remain relatively attractive, with a price-to-book value of 1.1, suggesting the stock is trading near fair value compared to its historical peer averages.

Debt Profile and Shareholding

International Combustion (India) maintains a low average debt-to-equity ratio of 0.06 times, indicating limited reliance on external borrowings. This conservative capital structure may provide some stability amid fluctuating earnings. The majority shareholding is held by promoters, which often suggests a concentrated ownership structure with potential influence on company decisions.

Profitability and Valuation Metrics

While the stock price has declined over the last year, the company’s profits have shown an increase of 8.6% during the same period. The price/earnings to growth (PEG) ratio stands at 1.4, which provides a measure of valuation relative to earnings growth. This figure suggests that the stock’s valuation is aligned with its earnings growth prospects, although the overall market sentiment has been cautious.

Sector and Industry Comparison

Within the industrial manufacturing sector, International Combustion (India) has lagged behind broader market indices and sector peers. The stock’s performance contrasts with the Sensex’s upward trend and the BSE500’s positive returns, underscoring the challenges faced by the company in maintaining investor confidence and market share.

Summary of Key Price and Performance Indicators

The stock’s 52-week high was recorded at Rs.1,049, which is significantly above the current level of Rs.610. This represents a substantial decline in market valuation over the past year. The day’s trading saw the stock outperform its sector by 1.01%, despite the overall negative price movement. This slight outperformance may indicate some short-term price support, although the prevailing trend remains downward.

International Combustion (India) continues to trade below all major moving averages, which often signals a bearish trend in technical analysis. The stock’s recent price action and financial results suggest that the company is navigating a period of subdued market confidence and valuation pressures.

Conclusion

International Combustion (India) has reached a notable 52-week low of Rs.610 amid a backdrop of subdued financial results and relative underperformance compared to broader market indices. The company’s low debt levels and fair valuation metrics provide some context to its current standing, while its profitability indicators reflect a mixed picture. The stock’s position below key moving averages and its negative return over the past year highlight the challenges faced in regaining momentum within the industrial manufacturing sector.

Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →