IP Rings

Which are the latest news on IP Rings?

Why is IP Rings Ltd falling/rising?

As of 10-Jun, IP Rings Ltd's stock price is at 122.70, reflecting a 1.95% increase and strong performance compared to its sector. Despite a decline in investor participation, the stock has shown resilience with a year-to-date return of +12.41%, outperforming the Sensex.

As of 10-Jun, IP Rings Ltd's stock price is rising, currently at 122.70, which reflects an increase of 2.35 (1.95%). The stock has shown strong performance today, outperforming its sector by 2.78% and has been on a consecutive gain for the last two days, accumulating a total return of 4.12% during this period. Notably, the stock opened with a significant gain of 7.19% today and reached an intraday high of Rs 129.<BR><BR>In the context of broader market performance, the stock has demonstrated resilience, with a 1-week return of +4.83% compared to a decline of -0.49% in the Sensex. Year-to-date, IP Rings Ltd has a positive return of +12.41%, while the Sensex has decreased by -13.19%. This indicates that the stock is performing well relative to the market.<BR><BR>However, it is important to note that there has been a decline in investor participation, with delivery volume falling by -41.72% against the 5-day average. Despite this, the stock remains liquid enough for trading, suggesting that the recent price rise is supported by positive market sentiment and performance metrics, even as some indicators show a decrease in trading volume.

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. As of March 2026, it reported net sales of 87 Cr and a net profit of 1 Cr, with a market cap of INR 164 Cr.

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 established itself as a key player in automotive components manufacturing. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 87 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 164 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 60.00 <BR>Industry P/E: 36 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.18 <BR>Return on Equity: 2.53% <BR>Price to Book: 1.48 <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

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.

Should I buy, sell or hold IP Rings Ltd?

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.

How big is IP Rings?

As of 24th July, IP Rings Ltd has a market capitalization of 219.00 Cr and reported Net Sales of 303.38 Cr with a Net Profit loss of 4.43 Cr over the latest 4 quarters. The balance sheet for March 2024 shows Shareholder's Funds of 106.01 Cr and Total Assets of 307.04 Cr.

As of 24th July, IP Rings Ltd has a market capitalization of 219.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, the company reported Net Sales of 303.38 Cr. However, it experienced a loss of 4.43 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 106.01 Cr and Total Assets of 307.04 Cr.

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

Who are in the management team of IP Rings?

As of March 2023, the management team of IP Rings includes A Venkataramani (Managing Director), Sandhya Shekhar, Vikram Vijayaraghavan, Navin Paul (Independent Directors), V Anantha Subramaniam and Amarnath Tripathy (Company Secretaries), Ryosuke Hasumi (Nominee), and M. Govindarajan (Non-Executive Director). This diverse team ensures effective governance and oversight of the company.

As of March 2023, 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 comprises a mix of executive and independent directors, along with compliance officers, contributing to the governance and oversight of the company.

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.

Who are the peers of the IP Rings?

Peers of IP Rings include Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Omax Autos, Machino Plastics, Him Teknoforg., and Emmforce. Management risk varies from excellent at Schaeffler India and Tube Investments to below average at IP Rings, with growth and capital structure also showing a range from excellent to below average across peers.

Peers: The peers of IP Rings are Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Omax Autos, Machino Plastics, Him Teknoforg., and Emmforce.<BR><BR>Quality Snapshot: Excellent management risk is observed at Schaeffler India and Tube Investments, while Good management risk is found at Bosch, Bharat Forge, and Emmforce. Average management risk is seen at Samvardh. Mothe. and Omax Autos, and Below Average management risk is present at IP Rings, Machino Plastics, Him Teknoforg. and the rest. For Growth, Excellent growth is noted at Samvardh. Mothe., Schaeffler India, and Tube Investments, while Good growth is found at Bharat Forge and Machino Plastics. Average growth is seen at Bosch, while Below Average growth is present at Omax Autos, IP Rings, Him Teknoforg., and the rest. In terms of Capital Structure, Excellent capital structure is observed at Bosch, Schaeffler India, and Tube Investments, while Good capital structure is noted at Bharat Forge, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Him Teknoforg. at 35.50%, while Emmforce has the lowest at -50.92%. IP Rings' 1-year return of -19.19% is better than Emmforce's but worse than Him Teknoforg.'s. Additionally, the six-month return is negative for Samvardh. Mothe., Bosch, Bharat Forge, Tube Investments, Omax Autos, IP Rings, Emmforce, and the rest.