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% for the day. This price point is the lowest the stock has traded at in the past year, reflecting a downward trend that has persisted over recent months. Despite this, the stock showed a modest recovery after three consecutive days of decline, outperforming its sector by 1.01% on the day.

The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained pressure on its price momentum. This contrasts with the broader market, where the Sensex opened lower at 85,347.40 points, down 0.33%, but remains close to its 52-week high of 85,801.70, just 0.48% away. The Sensex is trading above its 50-day moving average, which itself is above the 200-day moving average, signalling a generally bullish trend in the wider market.

Financial Performance Overview

International Combustion (India) has experienced a one-year stock performance decline of 33.48%, significantly underperforming the Sensex, which has recorded a positive return of 10.67% over the same period. The company’s 52-week high was Rs.1,049, highlighting the extent of the recent price contraction.

Recent quarterly results for September 2025 showed flat revenue figures, with the profit after tax (PAT) at Rs.0.12 crore, reflecting a fall of 42.9% compared to the previous period. The return on capital employed (ROCE) for the half-year stood at 9.34%, one of the lowest levels recorded by the company. These financial indicators suggest subdued profitability and capital efficiency challenges.

Valuation and Shareholder Structure

The company maintains a low average debt-to-equity ratio of 0.06 times, indicating limited leverage on its balance sheet. Its return on equity (ROE) is recorded at 9.2%, and the stock trades at a price-to-book value of 1.1, suggesting a valuation that is broadly in line with its historical peer averages.

Despite the negative stock price performance, the company’s profits have shown an increase of 8.6% over the past year. The price/earnings to growth (PEG) ratio stands at 1.4, reflecting the relationship between valuation and earnings growth. The majority ownership remains with promoters, which may influence strategic decisions and company direction.

Market Comparison and Sector Performance

While the BSE500 index has generated returns of 8.93% over the last year, International Combustion (India) has not mirrored this trend, with its stock price declining by over a third. This divergence highlights the stock’s relative underperformance within the industrial manufacturing sector and the broader market.

Summary of Key Metrics

To summarise, International Combustion (India) is currently trading at Rs.610, its lowest level in 52 weeks, with a one-year stock return of -33.48%. The company’s recent quarterly PAT is Rs.0.12 crore, down by 42.9%, and its half-year ROCE is 9.34%. The stock trades below all major moving averages, while the Sensex remains near its yearly peak. The company’s low debt-to-equity ratio and a price-to-book value of 1.1 indicate a conservative capital structure and valuation consistent with peers.

These factors collectively provide a comprehensive view of the stock’s current standing within the industrial manufacturing sector and the broader market environment.

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