What is IP Rings Ltd (IPRINGLTD) share price return in the past 10 years?

IP Rings Ltd share price has appreciated 2.8% annually (CAGR) over the past ten years.

What is the share price of IP Rings Ltd (IPRINGLTD)?

Company share prices are keep on changing according to the market conditions. The current trading price of IP Rings Ltd (IPRINGLTD) on 11-Jun-2026 16:59:59 at 16:59 is 117.05.

What is the P/E ratio of IP Rings?

The latest standalone P/E ratio of IP Rings as of 11-Jun-2026 is 55.12.

What is the P/B ratio of IP Rings Ltd (IPRINGLTD)?

The latest standalone P/B ratio of IP Rings Ltd (IPRINGLTD) as of 11-Jun-2026 is 1.40.

What is the 52-week high and low of IP Rings Ltd (IPRINGLTD)?

The 52-week high of IP Rings Ltd (IPRINGLTD) is Rs. 185.00 and the 52-week low is Rs. 93.00.

IP Rings Ltd (IPRINGLTD) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: IP Rings Ltd (IPRINGLTD)
Brand: IP Rings

IP Rings Ltd (IPRINGLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523638 NSE: IPRINGLTD Auto Ancillary | Small Cap | IP Rings Share Price

IP Rings Ltd (IPRINGLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523638 NSE: IPRINGLTD Auto Ancillary | Small Cap | IP Rings Share Price

Key Metrics

Valuation Multiples

Market Cap

₹148 Cr.

Current Price

₹117.1

52-Week Low / High

₹93 / 185

TTM EPS

₹2.1

TTM Sales

₹337 Cr.

Book Value per Share

₹83.5

P/E Ratio

55.12

Higher than its 5-year historical median

Industry PE

42.1

Price to Book (P/B)

1.40

Lower than its 5-year historical median

Price to Sales (P/S)

0.44

Lower than its 5-year historical median

EV/EBITDA

7.36

Lower than its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

-3.05%

Underperforms industry median

Return on Capital Employed (ROCE)

3.68%

Underperforms industry median

Return on Assets (ROA)

-1.05%

Operating Profit Margin

7.3%

Net Profit Margin

-1.05%

Gross Profit Margin

4.3%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-4.21%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

-4.22%

Net Profit Growth (1 Year)

Asset Quality

Promoter Holding

56.58%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹93 Cr.

Equity

₹12.7 Cr.

Face Value

₹10

All Time Low / High

₹15.19 / 278.80

IP Rings stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is IP Rings Ltd a good quality company?

IP Rings Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does IP Rings Ltd performance compare with that of its Peers?

Q.1 Revenue growth of IP Rings Ltd vs industry peers?

IP Rings Ltd revenue CAGR is 8.92%, compared to the industry median CAGR of 11.89%, indicating slower growth and losing its market share.

Q.1 Promoter shareholding and pledge status of IP Rings Ltd?

Promoters hold 56.58% of the IP Rings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of IP Rings Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 4% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	7.5%	5.4%	11.1%	10.8%	6.1%	7.3%	10.1%	6.2%	4.4%	3.7%	-
Value Creation Index ⓘ	-0.5	-0.6	-0.2	-0.2	-0.6	-0.5	-0.3	-0.6	-0.7	-0.7	-
Growth Parameters ⓘ
Sales ⓘ	118	174	203	212	198	198	273	323	317	303	337
Sales YoY Gr.	-	46.9%	16.9%	4.5%	-6.7%	0.3%	37.4%	18.6%	-2%	-4.2%	-
Adj EPS ⓘ	0.5	-0.8	6.3	6.7	1.5	4	6.5	0.5	-2.5	-2.8	2.1
YoY Gr.	-	-256%	NA	7.5%	-77.1%	156.5%	63.3%	-92.9%	-650%	NA	-
BVPS (₹) ⓘ	40.1	68.3	74	80.2	79.7	83.1	88.2	87.6	84.1	81.4	83.5
Adj Net Profit ⓘ	0.5	-1	7.9	8.5	2	5	8.2	0.6	-3.2	-3.6	3
Cash Flow from Ops. ⓘ	7.4	10.3	21.8	20.7	32.2	17	22.8	42.1	34.9	19.4	-
Debt/CF from Ops. ⓘ	11.6	5.8	3.3	4	2.5	5.5	4.8	2.3	2.4	5.1	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11%	8.9%	3.6%	-4.2%
Adj EPS ⓘ	-221.2%	-212.9%	-175.9%	NA
BVPSⓘ	8.2%	0.4%	-2.7%	-3.2%
Share Price	2.8%	3.4%	10.5%	-18.7%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.2	-1.6	8.8	8.7	1.9	4.9	7.5	0.5	-3	-3.4	2.6
Op. Profit Mgn % ⓘ	13.2	8	12.2	13.4	11.5	12.5	12.1	8	7.3	7.3	8.9
Net Profit Mgn % ⓘ	0.4	-0.6	3.9	4	1	2.5	3	0.2	-1	-1.2	0.8
Debt to Equity ⓘ	2.1	0.7	0.8	0.8	0.8	0.9	1	0.9	0.8	1	0.5
Working Cap Days ⓘ	181	164	177	176	175	190	172	164	175	179	81
Cash Conv. Cycle ⓘ	98	81	83	94	96	94	77	65	62	62	-2

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	118	174	203	212	198	198	273	323	317	303
Operating Expenses ⓘ +	103	160	179	184	176	174	240	297	294	281
Manufacturing Costs	33	57	64	69	64	70	107	129	123	114
Material Costs	40	58	67	66	63	60	82	112	110	105
Employee Cost	18	24	27	29	29	25	29	30	34	33
Other Costs ⓘ	12	20	21	20	21	20	22	26	27	29
Operating Profit ⓘ	15	13	24	28	22	24	33	26	23	22
Operating Profit Margin (%)	12.9%	7.7%	11.8%	13.0%	10.9%	12.3%	12.1%	8.0%	7.3%	7.3%
Other Income ⓘ +	1	2	1	1	1	1	2	3	3	3
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	9	10	7	8	9	7	10	11	11	12
Depreciation ⓘ	7	8	8	10	11	12	14	16	17	18
Profit Before Tax ⓘ	0	-3	10	11	2	7	11	2	-3	-5
Tax ⓘ	0	-1	3	3	1	2	3	1	-0	-1
Profit After Tax	0	-1	7	8	1	5	8	2	-3	-3
PAT Margin (%)	0.2%	-0.8%	3.6%	3.8%	0.6%	2.5%	3.0%	0.5%	-0.9%	-1.1%
Adjusted EPS (₹)	0.2	-1.1	5.8	6.3	0.9	3.9	6.5	1.4	-2.2	-2.5
Dividend Payout Ratio (%)	0%	0%	0%	16%	0%	38.30%	30.90%	73%	0%	0%

Valuation of IP Rings - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	40	87	94	102	101	105	112	111	107	103
Share Capital ⓘ	7	13	13	13	13	13	13	13	13	13
Reserves ⓘ	33	74	81	89	88	93	99	98	94	90
Debt +	76	47	60	72	68	79	87	71	58	76
Long Term Debt	14	18	24	34	28	39	50	41	34	43
Short Term Debt	62	29	36	38	40	40	36	30	24	33
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	17	33	28	35	30	53	63	90	98	84
Others Liabilities ⓘ	22	22	24	19	39	35	39	43	46	40
Total Liabilities ⓘ	156	189	207	228	237	273	301	316	308	303
Fixed Assets
Net Fixed Assets ⓘ +	80	85	95	118	119	145	154	154	146	146
Gross Block	165	177	117	150	162	199	223	238	247	259
Accumulated Depreciation	85	93	23	32	43	54	69	84	100	113
CWIP ⓘ	1	4	4	2	19	2	5	2	2	3
Investments ⓘ	0	0	0	0	0	0	1	1	2	7
Inventories	27	34	35	40	38	47	53	60	59	53
Trade Receivables	34	49	47	49	38	56	67	76	77	67
Cash Equivalents	2	2	5	6	12	7	3	6	6	1
Others Assets ⓘ	11	16	20	13	11	16	18	18	15	25
Total Assets ⓘ	156	189	207	228	237	273	301	316	308	303

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	7	10	22	21	32	17	23	42	35	19
PBT ⓘ	0	-3	10	11	2	7	11	2	-3	-5
Adjustment ⓘ	15	18	15	18	23	18	25	26	29	29
Changes in Working Capital ⓘ	-8	-5	-2	-6	7	-6	-11	15	10	-4
Tax Paid ⓘ	-0	-0	-2	-3	-0	-1	-2	-1	-1	-0
Cash Flow From Investing Activity ⓘ +	-20	30	-24	-22	-15	-26	-27	-13	-7	-26
Capex	-20	-18	-18	-30	-30	-14	-26	-12	-9	-15
Net Investments	-0	0	0	0	0	0	-1	-0	-1	-5
Others ⓘ	0	48	-6	8	15	-13	0	-0	3	-7
Cash Flow From Financing Activity ⓘ +	11	-36	6	2	-11	4	1	-27	-27	2
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	6	8	-3	11	19	-6	-7	7
Interest Paid ⓘ	-8	-10	-7	-7	-8	-7	-10	-10	-11	-11
Dividend Paid ⓘ	-0	-0	-0	0	-2	0	-2	-3	-1	-0
Others ⓘ	19	-26	7	1	1	0	-7	-8	-8	6
Net Cash Flow ⓘ	-2	4	4	0	6	-5	-3	2	1	-5

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	0.53	-2.28	8.14	8.13	1.09	4.81	7.56	1.56	-2.51	-3.05
ROCE (%)	7.53	5.44	11.06	10.76	6.09	7.33	10.08	6.21	4.38	3.68
Asset Turnover Ratio	0.93	1.1	1.05	0.98	0.85	0.78	0.95	1.05	1.02	0.99
PAT to CFO Conversion(x)	N/A	N/A	3.14	2.63	32	3.4	2.88	21	N/A	N/A
Working Capital Days
Receivable Days	81.40	79.80	84.50	83	80.70	87	82.80	80.70	88.10	86.80
Inventory Days	71.40	57.90	60.80	65	72.30	78.30	67	63.60	68.30	67.50
Payable Days	136	150.10	159.30	149.10	149.40	214.40	222.60	211.20	249.40	242.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

IP Rings Ltd FAQs

The current trading price of IP Rings on 11-Jun-2026 16:59 is ₹117.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Jun-2026 the market cap of IP Rings stood at ₹148.4 Cr

The latest P/E ratio of IP Rings as of 10-Jun-2026 is 55.12.

The latest P/B ratio of IP Rings as of 10-Jun-2026 is 1.40.

The 52-week high of IP Rings is ₹185.0 and the 52-week low is ₹93.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IP Rings is ₹337 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that IP Rings Ltd is a below average quality company.

The key valuation ratios of IP Rings Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IP Rings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About IP Rings Ltd

IP Rings was born out of the technical collaboration between India Pistons Limited and Nippon Piston Ring Company Ltd., Japan - a world class leader in Ring Technology in 1991. IP Rings was promoted by India Pistons Ltd., Simpson & Company Ltd., Tractors and Farm Equipment Ltd., and Amalgamations Pvt Ltd., Chennai. State-of-the-Art manufacturing facility at Maraimalai Nagar, 50 Kms. from Chennai.

IP Rings manufactures a wide range of sophisticated piston rings. A model manufacturing unit, the Companyâ€™s production plant is fully integrated and has a wide spectrum of Surface Engineering Technologies.

IP Rings is the only Company in India, which has got under one roof, facilities for all the surface treatments, which are currently used in contemporary engines. Its plant at Maraimalainagar has the following surface treatment facilities.

Plasma Spray: IP Rings has one of the best plasma spray facilities, which is capable of spraying alloy powders and also multi-layer coatings. Plasma sprayed coatings improve the scuff and wear resistance and are recommended for high operating temperatures.

Gas Nitriding : IP Rings has a fully automatic Gas Nitriding frunace, capable of giving extremely close tolerances on mechanical properties and case depth. This results in excellent wear-resistance and prolonged engine life for gasolene engines - both for passenger cars and two-wheelers.

Nifflex-S & Nifflex-H: IP Rings has the facility to manufacture 3 piece steel oil control ring, consisting of an expander and two side rails, based on the famous Nifflex-S, Nifflex-Hdesign of NPR, Japan. These rings ensure total conformability of the oil ring to the cylinder bore throughout the life of the engine and give better and long life oil control.

Chrome Plating : IP Rings has a fully automated chrome plating facility, which can carry out besides periphery plating, chrome plating of the side faces of the rings, as well as the bore surface. Thus, it can cater to the entire range of chrome plating requirements.

Entire spectrum of the automobile industry from two-wheelers to Heavy Commercial Vehicles and Tractors are catered by them.

Product range of the company includes:

Steel Rings
Cast Iron Rings and
Nifflex S Rings
Nifflex H with surface coatings
Plasma Spraying
Gas Nitriding
Chrome Plating

Clientele:Tata Motors, Maruti, Ashok Leyland, Hyundai. Eicher, HM, TVS, Royal Enfield, Simpson, Nippon Pistons etc.

Achievements/ recognition:

ISO 9002 (1996)
QS9000 (2000)
ISO 14001 (2002)
ISO/TS16949:2002 (2002)
100 PPM (2003)
Accreditation of In-house R & D (2004)
IMEA Gold Award from Frost & Sulivan (2005)
IMEA Super Platinum From Frost & Sulivan (2007)
CII EXIM - Significant Acheivement Award (2008)

IP Rings Ltd (IPRINGLTD)

IP Rings Ltd (IPRINGLTD)

IP Rings stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of IP Rings - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

IP Rings Ltd FAQs

About IP Rings Ltd

About MoneyWorks4Me

Our Vision

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
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Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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IP Rings Ltd (IPRINGLTD)

IP Rings Ltd (IPRINGLTD)

IP Rings stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of IP Rings - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

IP Rings Ltd FAQs

What is the share price of IP Rings?

What is the market cap of IP Rings?

What is the P/E ratio of IP Rings?

What is the P/B ratio of IP Rings?

What is the 52-week high and low of IP Rings?

What is the TTM revenue of IP Rings?

Is IP Rings Ltd a good quality company?

Is IP Rings Ltd undervalued or overvalued?

Is IP Rings Ltd a good buy now?

About IP Rings Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.