IP Rings Ltd (IPRINGLTD)

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IP Rings Ltd (IPRINGLTD) · mywealthgrid

About

IP Rings Ltd manufactures auto components and equipment for the Indian automotive sector within Consumer Discretionary. With a ₹170 Cr market cap and recent quarterly revenues around ₹84 Cr, it operates in a capital-intensive segment. The company is 56.58% promoter-held.

Face value: ₹10

Market cap

₹180 Cr

P/E

104.8×

P/B

1.7×

Dividend yield

ROE

1.7%

ROCE

8.1%

Debt / equity

1.16

OPM

8.9%

EPS (TTM)

₹1.4

Book value

₹81.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability volatile and fragile: net profit ranged from -₹3.56 Cr (Dec 2024) to +₹0.83 Cr (Mar 2025); 5 of 8 recent quarters were loss-making, and ROE 1.68% is weak.
Leverage and margin compression limit flexibility: D/E 1.16 is high for a company whose operating margin collapsed from 9.87% (Mar 2024) to 4.24% (Dec 2024); refinancing risk is material.
Institutional investor absence: 0% FII and 0% DII holdings indicate low confidence; held 43.42% by dispersed public shareholders.
Revenue declining under pressure: from ₹88.82 Cr (Mar 2024) to ₹84.21 Cr (Mar 2025) amid margin compression; signals demand or pricing weakness.

Generated analysis · source review pending

Growth drivers

Margin recovery trajectory: OPM fell to 4.24% (Dec 2024) but recovered to 8.15% (Mar 2025); if sustained, profitability scales without revenue growth—verify whether seasonal or structural.
Profitability recovery inflection: latest quarter ₹0.83 Cr profit vs ₹3.56 Cr loss in Dec 2024; researcher should verify if this marks cyclical trough or temporary bounce.
Sector demand normalization: auto component margins hit 4.24% under cyclical pressure; domestic auto production upturn would lift component demand—verify current OEM order visibility and cycle timing.

Generated analysis · source review pending

2,195 historical price candles were omitted because the exchange source has not been verified.

₹142.0+4.3%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -1.9% (3-yr avg)
−Modest revenue growth of 1.4% a year over the last 3 years
−Weak interest coverage of 1.4×
−Expensive at 104.8× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

21/100

Business quality: 14
Growth: 4
Valuation: 44

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	273	323	317	303	337
COGS	0	82	112	110	105	96
Gross profit	—	191	211	207	198	241
	0	158	185	184	176	211
Operating profit (EBITDA)	0	33	26	23	22	30
OPM %	—	12.1%	8%	7.3%	7.3%	8.9%
Depreciation	0	14	16	17	18	18
Interest	0	10	11	11	12	14
	0	2	3	3	3	6
Profit before tax	0	11	2	-3	-6	3
Tax	0	3	1	-0	-1	1
Tax %	—	25.8%	28%	-1.8%	-22.7%	39.2%
	0	8	2	-3	-4	2
PAT margin %	—	3%	0.5%	-1%	-1.5%	0.5%
EPS (₹)	0	6.5	1.3	-2.6	-3.5	1.4
EPS adjusted (₹)	—	6.5	1.3	-2.6	-3.5	1.4
	—	30.9%	75.8%	—	—	—
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	70%	65.2%	65.3%	65.2%	71.6%
EBITDA margin %	—	12.1%	8%	7.3%	7.3%	8.9%
EBIT margin %	—	6.9%	3.1%	1.9%	1.5%	3.7%
PAT margin %	—	3%	0.5%	-1%	-1.5%	0.5%
Working capital
Receivable days	—	90	85	89	81	82
Inventory days	—	236	194	195	185	266
Payable days	—	282	33	18	11	12
NWC days	—	44	246	266	255	336
Leverage
Current ratio	—	1.05	—	—	—	—
Debt to EBITDA	—	3.26	3.71	3.62	4.48	3.99
Debt to equity	—	0.97	0.86	0.79	0.98	1.16
Interest coverage	—	2.1	1.2	0.8	0.6	1.4
Asset turnover	—	0.91	1.02	1.03	1.01	1.04
Return ratios
Return on assets %	—	2.7%	0.5%	-1.1%	-1.5%	0.5%
Return on capital employed %	—	12.3%	—	4%	3.3%	8.1%
Return on equity %	—	7.3%	1.5%	-3%	-4.4%	1.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.58%	56.58%	56.58%	56.58%	56.58%	56.58%	56.58%	56.58%	56.58%	56.58%	56.58%	56.58%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.42%	43.42%	43.42%	43.42%	43.42%	43.42%	43.42%	43.42%	43.42%	43.42%	43.42%	43.42%
No. of shareholders	—	—	—	—	—	—	—	—	6,087	310	6,010	5,995

Promoter holding up 0 percentage points since Sep 2023.

4 deals · 21 Feb 2025 – 13 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Mar 2026	SANDHYA GOVIND PARIKH	Bulk	BSE	Sell	1,42,128	₹102.13	₹1.45 Cr
13 Mar 2026	GOVINDLAL MANSUKHLAL PARIKH	Bulk	BSE	Buy	1,41,543	₹102.13	₹1.45 Cr
21 Feb 2025	GOVINDLAL MANSUKHLAL PARIKH	Bulk	BSE	Sell	89,947	₹133.92	₹1.20 Cr
21 Feb 2025	SANDHYA GOVIND PARIKH	Bulk	BSE	Buy	89,599	₹133.99	₹1.20 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. A.VENKATARAMANIExecutive Director-Chairperson-MD
Mr. MUTHALAGU GOVINDARAJANNon-Executive - Non Independent Director
Mr. VIKRAM VIJAYARAGHAVANNon-Executive - Independent Director
Mr. NAVIN PAULNon-Executive - Independent Director
Ms. ANANDI IYERNon-Executive - Independent Director
Mr. NAGARAJAN BALAVIJAYANNon-Executive - Non Independent Director
Mr. R. JanakiramanChief Financial Officer
Mr. M. SathyanarayananCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in IP Rings Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

24 Aug 2026, 7:45 pmAGM/EGM

Shareholder Meeting - Change In Management.

AGM PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	70%	65.2%	65.3%	65.2%	71.6%
EBITDA margin %	—	12.1%	8%	7.3%	7.3%	8.9%
EBIT margin %	—	6.9%	3.1%	1.9%	1.5%	3.7%
PAT margin %	—	3%	0.5%	-1%	-1.5%	0.5%
Working capital
Receivable days	—	90	85	89	81	82
Inventory days	—	236	194	195	185	266
Payable days	—	282	33	18	11	12
NWC days	—	44	246	266	255	336
Leverage
Current ratio	—	1.05	—	—	—	—
Debt to EBITDA	—	3.26	3.71	3.62	4.48	3.99
Debt to equity	—	0.97	0.86	0.79	0.98	1.16
Interest coverage	—	2.1	1.2	0.8	0.6	1.4
Asset turnover	—	0.91	1.02	1.03	1.01	1.04
Return ratios
Return on assets %	—	2.7%	0.5%	-1.1%	-1.5%	0.5%
Return on capital employed %	—	12.3%	—	4%	3.3%	8.1%
Return on equity %	—	7.3%	1.5%	-3%	-4.4%	1.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

Date	Category	Subject	Filing
24 Aug 2026, 7:45 pm	AGM/EGM AGM	Shareholder Meeting - Change In Management.	PDF
24 Aug 2026, 7:24 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
24 Aug 2026, 7:19 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
14 Aug 2026, 6:24 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
13 Aug 2026, 6:56 pm	Result Financial Results	Financial Results For The Quarter Ended June 30, 2026.	PDF
13 Aug 2026, 6:21 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome For Meeting Held On August 13, 2026	PDF
1 Aug 2026, 3:31 pm	Company Update General	Announcement Under Regulation 30- Lease Agreement Dated August 01, 2026 To Establish Additional Manufacturing Facility.	PDF
28 Jul 2026, 5:59 pm	Company Update General	Announcement Under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	0	13	13	13	13	13
Reserves	0	0	99	98	93	89	90
	0	0	108	96	83	99	120
	0	0	81	109	118	101	100
Total equity & liabilities	0	0	301	316	307	301	323
	0	0	154	148	142	140	148
CWIP	0	0	5	2	2	3	3
Investments	0	0	1	1	1	4	3
	—	—	142	165	162	153	168
Total assets	0	0	301	316	307	301	323

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	23	42	35	19	8
	0	-27	-13	-7	-25	-16
	0	1	-27	-27	2	7
Net cash flow	0	-3	2	1	-4	-1
Free cash flow	0	-4	—	—	—	—
CFO / Operating profit %	—	68.8%	162.9%	151.7%	87.4%	27.8%

Compounded sales growth

7 years: —
5 years: —
3 years: 1%
1 year: 11%

Compounded profit growth

7 years: —
5 years: —
3 years: 1%
1 year: —

Return on equity

7 years: —
5 years: 1%
3 years: -2%
Last year: 2%

IP Rings Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Dividends10

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

10

1