IP Rings

Which are the latest news on IP Rings?

Why is IP Rings Ltd falling/rising?

As of 05-Sep, the stock price of IP Rings Ltd is 160.25, down 1.08% and has declined for three consecutive days, totaling a 10.49% drop. Despite strong year-to-date and monthly gains, recent decreased investor interest and delivery volume indicate a bearish short-term outlook.

As of 05-Sep, the stock price of IP Rings Ltd is currently at 160.25, reflecting a decrease of 1.75 or 1.08%. The stock has been experiencing a decline, having underperformed its sector by 2.25% today and has been on a consecutive fall for the last three days, resulting in a total drop of 10.49% during this period. Additionally, the stock reached an intraday low of Rs 158.25, indicating a significant downward movement.<BR><BR>Despite a strong performance over longer periods, such as a 46.82% increase year-to-date and a 24.27% rise over the past month, the recent trend shows a decline in investor participation, with delivery volume dropping by 88.78% compared to the five-day average. This lack of interest may contribute to the stock's current downward trajectory. Furthermore, while the stock is trading above its moving averages for various periods, the recent performance and falling investor engagement suggest a bearish sentiment in the short term.

Who are in the management team of IP Rings?

The management team of IP Rings includes A Venkataramani (Managing Director), Sandhya Shekhar, Vikram Vijayaraghavan, Navin Paul (all Independent Directors), V Anantha Subramaniam and Amarnath Tripathy (Company Secretaries & Compliance Officers), Ryosuke Hasumi (Nominee), and M. Govindarajan (Non-Executive Director). This diverse team brings a wide range of expertise to the company.

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 brings a diverse range of expertise to the company. If you have any more questions about IP Rings or its operations, feel free to ask!

What does IP Rings do?

IP Rings Ltd is a micro-cap company specializing in manufacturing piston rings and transmission parts for high-performance low-emission engines, with net sales of 96 Cr and a net profit of 2 Cr as of June 2026. The company has a market cap of INR 180 Cr and key financial metrics include a P/E ratio of 49.00 and a debt-equity ratio of 1.18.

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 for high-performance low-emission engines.<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 profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 96 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 180 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 49.00 <BR>Industry P/E: 41 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.18 <BR>Return on Equity: 2.53% <BR>Price to Book: 1.75 <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

Who are the peers of the IP Rings?

Peers of IP Rings include Setco Automotive, Shivam Autotech, Simm. Marshall, Bhagwati Auto, Machino Plastics, LGB Forge, Bharat Gears, Sintercom India, and Pritika Engineer. Simm. Marshall leads in 1-year returns at 56.37%, while Shivam Autotech has the lowest at -35.49%, with IP Rings at -4.28%.

Peers: The peers of IP Rings are Setco Automotive, Shivam Autotech, Simm. Marshall, Bhagwati Auto, Machino Plastics, LGB Forge, Bharat Gears, Sintercom India, and Pritika Engineer.<BR><BR>Quality Snapshot: Excellent management risk is observed at Setco Automotive, while Average management risk is found at Bhagwati Auto and Bharat Gears, and the rest have Below Average management risk. Good growth is noted at Simm. Marshall and the rest have Below Average growth, except for Bhagwati Auto, which has Average growth. Capital Structure is Good at Bhagwati Auto, while the rest have Below Average capital structure.<BR><BR>Return Snapshot: Simm. Marshall has the highest 1-year return at 56.37%, while Shivam Autotech has the lowest at -35.49%. IP Rings' 1-year return of -4.28% is better than Shivam Autotech's but worse than Simm. Marshall's. Additionally, G G Automotive and Bharat Gears have negative six-month returns.

How big is IP Rings?

As of 31st August, IP Rings Ltd has a market capitalization of 180.00 Cr, with recent Net Sales of 351.30 Cr and a Net Profit of 3.09 Cr. The latest balance sheet shows Shareholder's Funds of 103.09 Cr and Total Assets of 323.26 Cr.

As of 31st August, IP Rings Ltd has a market capitalization of 180.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 351.30 Cr and a Net Profit of 3.09 Cr.<BR><BR>The latest annual period for the balance sheet is March 2026, showing Shareholder's Funds of 103.09 Cr and Total Assets of 323.26 Cr.

Should I buy, sell or hold IP Rings Ltd?

Are IP Rings Ltd latest results good or bad?

IP Rings Ltd's latest results show a net profit of ₹1.13 crores for Q4 FY26, a significant improvement from a loss last year, but concerns remain about sustainability due to reliance on non-operating income and low operating margins. Overall, while there are positive signs, the outlook is cautious due to ongoing operational challenges.

The latest results for IP Rings Ltd present a mixed picture. On one hand, the company reported a consolidated net profit of ₹1.13 crores for Q4 FY26, which is a significant turnaround from a loss of ₹3.93 crores in the same quarter last year, marking a 232.35% increase year-on-year. Additionally, net sales reached ₹86.54 crores, reflecting a modest 2.77% growth compared to the previous year.<BR><BR>However, despite these positive figures, there are significant concerns regarding the sustainability of this profitability. The profit increase is largely attributed to a favorable base effect and reliance on other income, which accounted for a substantial portion of the profit before tax. The operating margin, while showing a slight improvement to 8.64%, remains relatively low, and the return on equity is weak at just 2.53%.<BR><BR>Moreover, the company has faced sustained annual losses over the past two years, and its stock has underperformed compared to both the Sensex and its sector peers. The heavy dependence on non-operating income raises questions about the core operational strength of the business.<BR><BR>In summary, while the latest quarterly results show some improvement, the underlying challenges related to profitability and operational efficiency suggest that the overall outlook remains cautious. Investors should consider these factors when evaluating the company's performance.

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.

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.

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

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.