MoneyWorks4Me

IST Ltd (ISTLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 508807 NSE: ISTLTD Auto Ancillary | Small Cap | IST Share Price

₹635 -20.00 (-3.05%)

As on 01-Oct'26 16:59

IST Ltd (ISTLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 508807 NSE: ISTLTD Auto Ancillary | Small Cap | IST Share Price

₹635 -20.00 (-3.05%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹741 Cr.
Current Price
₹635
52-Week Low / High
₹518 / 900
TTM EPS
₹140.8
TTM Sales
₹132 Cr.
Book Value per Share
₹1,522
P/E Ratio
4.51
Lower than its 5-year historical median
Industry PE
47.2
Price to Book (P/B)
0.42
Lower than its 5-year historical median
Price to Sales (P/S)
5.63
Lower than its 5-year historical median
EV/EBITDA
3.39
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.70%
Underperforms industry median
Return on Capital Employed (ROCE)
12.79%
Underperforms industry median
Return on Assets (ROA)
8.93%
Operating Profit Margin
64%
Net Profit Margin
121.67%
Gross Profit Margin
162.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
33.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-8.43%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.7%
Asset Quality
Promoter Holding
74.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,769 Cr.
Equity
₹5.8 Cr.
Face Value
₹5
All Time Low / High
₹21.00 / 1128.20

IST stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is IST Ltd a good quality company?
IST Ltd is a good quality company, based on a consistently good 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 IST Ltd performance compare with that of its Peers?
Q.1 Revenue growth of IST Ltd vs industry peers?
IST Ltd revenue CAGR is -1.57%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of IST Ltd?
Promoters hold 74.98% of the IST Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of IST Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.7% based on the current price.

10 Year X-Ray :

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IST Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ7.3%7.5%5.3%3.5%5.1%6.1%4.5%17.2%14.4%15%-
Value Creation
Index ⓘ
-0.5-0.5-0.6-0.8-0.6-0.6-0.70.20.00.1-

Growth Parameters ⓘ

Sales ⓘ25.32422.417.629.827.626.120.125.53437
Sales YoY Gr.--5.1%-6.8%-21.6%69.6%-7.3%-5.6%-23%27%33.3%-
Adj EPS ⓘ6.88.75.95.879.58.426.62931.737.4
YoY Gr.-27.4%-31.6%-1.9%20.7%35.1%-11%215.8%9%9.4%-
BVPS (₹) ⓘ143151.6158.1162.4169.5177.5184.2210.8239.5274.8304.8
Adj Net
Profit ⓘ
7.910.16.96.88.211.19.831.133.83744
Cash Flow from Ops. ⓘ7.19.28.96.511.12.811.71.4-2.4-0.6-
Debt/CF from Ops. ⓘ0.6000000000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ3.3%2.7%9.3%33.3%
Adj EPS ⓘ18.7%35.3%55.6%9.4%
BVPSⓘ7.5%10.2%14.3%14.8%
Share Price 6.4% 5.2% -4% -26.9%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
4.95.93.83.64.25.54.713.512.912.312.9
Op. Profit
Mgn % ⓘ
16.918.77.89.113.66.18.7615.813.715.6
Net Profit
Mgn % ⓘ
31.442.130.938.627.54037.8154.7132.8109119
Debt to
Equity ⓘ
0000000000-
Working Cap
Days ⓘ
360444464496239238233289296277570
Cash Conv.
Cycle ⓘ
161188188247139123122184202185529

Valuation of IST - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales107111116118137125121110115126
Operating Expenses ⓘ + 31272535344547273451
Manufacturing Costs3333485566
Material Costs65531198228
Employee Cost 1091089910111314
Other Costs ⓘ 139721101924101324
Operating Profit ⓘ 758491831038074828275
Operating Profit Margin (%) 70.7%76.0%78.1%70.1%75.3%64.0%61.5%75.0%70.9%59.2%
Other Income ⓘ + 2428353441584195107133
Exceptional Items ⓘ 0000000000
Interest ⓘ 3234654363
Depreciation ⓘ 4445555556
Profit Before Tax ⓘ 93107119108133128107169178199
Tax ⓘ 872128373225433846
Profit After Tax 851009880969782126140153
PAT Margin (%) 80.1%90.2%84.3%67.6%70.1%77.1%67.5%114.9%121.6%121.7%
Adjusted EPS (₹)73.986.284.368.982.182.870.1108.0120.0131.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5416417368039241,0331,1091,3121,4731,692
Share Capital ⓘ 5.855.855.855.855.855.855.855.855.855.85
Reserves ⓘ 5366367317979181,0271,1041,3071,4671,686
Debt +400001010000
Long Term Debt4000000000
Short Term Debt000001010000
Minority Interest0000000000
Trade Payables0000110110
Others Liabilities ⓘ -3-18-15-210267793111159
Total Liabilities ⓘ 5436247228019351,0691,1971,4061,5851,852

Fixed Assets

Net Fixed Assets ⓘ +205201221238151416161717
Gross Block208208232254293034354044
Accumulated Depreciation471116131617192227
CWIP ⓘ 0000000000
Investments ⓘ 2713564354946087018329901,1311,449
Inventories877854481312
Trade Receivables987911127878
Cash Equivalents 661371630685
Others Assets ⓘ 45465049288321308378409360
Total Assets ⓘ 5436247228019351,0691,1971,4061,5851,852
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 727579787537114-13985
PBT ⓘ 93107119108132128107169178199
Adjustment ⓘ -6-9-15-9-25-34-12-77-93-113
Changes in Working Capital ⓘ 4-21-0-13-3940-73-1733
Tax Paid ⓘ -19-22-25-21-20-19-21-20-28-34
Cash Flow From Investing Activity ⓘ + -60-71-84-75-75-30-99-10-36-86
Capex -0-0-24-16-4-112-24-2434
Net Investments -72-84-73-73-79-56-139-25-58-164
Others ⓘ 1213131482828394644
Cash Flow From Financing Activity ⓘ + -10-4-0-2-18-2-12-2-2
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -9-400000000
Interest Paid ⓘ -1-0-0-0-0-0-1-0-1-0
Dividend Paid ⓘ 0000000000
Others ⓘ -00-0-2-18-1-12-1-2
Net Cash Flow ⓘ 2-1-52-11513-231-3
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)17.3616.9414.2110.3811.099.877.6310.4110.059.7
ROCE (%)19.1618.3817.6814.5416.0613.610.2814.213.2112.79
Asset Turnover Ratio0.210.190.170.160.160.130.110.080.080.07
PAT to CFO Conversion(x)0.850.750.810.980.780.381.39-0.010.280.56
Working Capital Days
Receivable Days25.9026.8022.2023.802734.2028.6024.302423
Inventory Days2524.6023.1023.1017.3013.901319.9032.1035.90
Payable Days33.7033.202936.5022.5035.6024.90139.40144.3024.30

Top 5 Mutual Funds Holding

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Announcements

IST Ltd FAQs

The current trading price of IST on 01-Oct-2026 16:59 is ₹635.0.

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 30-Sep-2026 the market cap of IST stood at ₹740.7 Cr

The latest P/E ratio of IST as of 30-Sep-2026 is 16.97.

The latest P/B ratio of IST as of 30-Sep-2026 is 2.08.

The 52-week high of IST is ₹900.0 and the 52-week low is ₹518.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IST is ₹36.68 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that IST Ltd is a good quality company.

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

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

About IST Ltd

Indo Swiss Time Limited (IST) was incorporated as a public limited company on 1976 to carry on the business of manufacture, design, import and export of watches and watch parts, components, cases and other ancillary products.

They have a Variety of Turned, Milled, Drilled jobs and Stampings on Swiss and German plant with in-house designing, tooling, surface and heat treatment. 45,000 sq. mtrs. of lush green industrial estate 45 Kms. from New Delhi International Airport.Connected Power Load 750 KW.Self-Generation capacity for Power 600 KVA.

The primary operations of the company are now manufacturing components for exports.  The components manufactured are high quality precision components used in electronic, medical and dental instrument.  The company had developed the components to meet the exacting standards required of its international customers and has been able to secure repeat orders from its buyers. 

They manufacture Precision Turned, Milled, Drilled Components and stampings for the following Industries

  • Auto component industry
  • White goods industry
  • Consumer goods industry
  • Dentel & Orthopeadic Implants

Product range of the company includes:

  • Automotive Transmission Parts.
  • Carburettor Parts
  • Fuel Injection Equipment & Parts
  • Precision Components & Assemblies for-Communication Equipment & Office Products.-Consumer Durable & White Goods. -Oral Care Products. -Instrumentation & Engineering Goods
  • Dental & Orthopeadic Screws

The Major Customers of the company are:

  • General motors, Powertrain Division, Nao, Detroit, USA
  • Borg warner , USA
  • General motors, India
  • Maruti-Suzuki, India
  • Tata-Fiat Automobiles, India
  • Gimmeli Production AG, Switzerland, Hongkong & China
  • Ucal fuel systems (mikuni), India
  • Keihin Fie, India
  • Siemens, India

Achievements/ recognition:

  • ISO/TS 16949:2000 and ISO 14001 Certified Unit. (Through RWTUV Germany).

Future plans:

  • Expansion Projects under execution for Auto Components / Assemblies at Bawal (40,000 sq.mtrs.) and Manesar (9000 sq.mtrs.), Haryana
  • Diversification through Collaborations, Joint Ventures or Technology Transfer Agreements  for new products.
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