Investment & Precision Castings Ltd Stock Analysis

BSE: 504786 | NSE: | Castings/Forgings | Small Cap

BSE Share Price 02-Dec-2022 18:01
286.55 2.15 (0.76%)

DeciZen - Make an Informed Decision on Invts & Precisn Cast

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Invts & Precisn Cast Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
143.3 Cr.
52-wk low :
206.3
52-wk high :
322
Bole Toh?

1. Is Investment & Precision Castings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Investment & Precision Castings Ltd is a average quality company.

2. Is Investment & Precision Castings Ltd undervalued or overvalued?

The key valuation ratios of Investment & Precision Castings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Investment & Precision Castings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Investment & Precision Castings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Invts & Precisn Cast:

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.
Investment & Precision Castings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.7%5.9%6.1%7%8%10.9%11.3%2.9%3.3%3%-
Value Creation Index -0.7-0.6-0.6-0.5-0.4-0.2-0.2-0.8-0.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 66.169.476.784.99210811995.2105132149
YoY Gr. Rt. %-5%10.6%10.7%8.4%16.9%10.3%-19.8%10%26.2%-
Adj EPS 0.83.23.65.78.515.619.7-1.50.7-0.6-0.7
YoY Gr. Rt. %-306.4%14.2%57.7%48.2%84.9%25.9%-107.4%NA-181.1%-
BVPS (₹) 90.193.897.5102.4118.6133.1150146.1146.9146.1147.4
Adj Net Profit 0.41.61.82.94.27.89.9-0.70.4-0.30
Cash Flow from Ops. 16.813.38.79.49.915.211.910.416.612.9-
Debt/CF from Ops. 2.22.33.53.43.12.64.85.645-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8%7.5%3.6%26.2%
Adj EPS -197.1%-158.9%-131.2%-181.1%
BVPS 5.54.3-0.9-0.5
Share Price 17.6% -6.4% 21.6% -4.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0.93.43.85.77.712.413.9-10.5-0.4-0.5
Op. Profit Mgn % 15.616.214.315.416.219.416.912.112.29.98.2
Net Profit Mgn % 0.62.32.43.44.67.38.3-0.80.4-0.2-0.2
Debt to Equity 0.80.70.60.60.50.60.80.80.90.90.3
Working Cap Days 266225196184205205226297282241196
Cash Conv. Cycle 16011794869584921171131010

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.88

Sales growth is good in last 4 quarters at 13.60%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 3.62%

Latest Financials - Investment & Precision Castings Ltd.

Standalone Consolidated
TTM EPS (₹) -0.7 -0.7
TTM Sales (₹ Cr.) 149 149
BVPS (₹.) 147.4 147.1
Reserves (₹ Cr.) 69 69
P/BV 1.94 1.92
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 206.25 / 322.00
All Time Low / High (₹) 0.69 / 525.00
Market Cap (₹ Cr.) 143
Equity (₹ Cr.) 5
Face Value (₹) 10
Industry PE 16

Management X-Ray of Invts & Precisn Cast :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Invts & Precisn Cast

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Investment & Precision Castings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Invts & Precisn Cast on 02-Dec-2022 18:01 is : 286.6.
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 02-Dec-2022 18:01 the market cap of Invts & Precisn Cast stood at ₹ 143.3.
The latest PE ratio of Invts & Precisn Cast as of 02-Dec-2022 18:01 is 0.00.
The latest PB ratio of Invts & Precisn Cast as of 02-Dec-2022 18:01 is 1.94
The 52-week high of Invts & Precisn Cast is ₹ 322.0 and the 52-week low is ₹ 206.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Invts & Precisn Cast is ₹ 148.9 ( Cr.) .

About Investment & Precision Castings Ltd

Investment & Precision Castings Ltd.(IPCL) was the first investment casting foundry in Gujarat formed way back in 1975. There was then only one other small investment casting foundry in the entire country. As a pioneer, IPCL had to struggle a lot to impart customer awareness and create a market for investment castings in India. This process was then unknown to the Indian market. A lot of application engineering efforts were involved in educating industries in India to switch over to investment castings from the traditional forging, sand castings and shell moulded castings.

IPCL is a fully equipped investment casting foundry with conventional machining facilities and state-of-the-art CNC Machine Shop. It supplies fully machined ready to use parts to automotive and other customers.

The company entered into a technical collaboration with Arwood International, USA in June 1975. After its expiry in April 1983, It signed a technical collaboration agreement with Furstlich Hohenzollernsche Huttenverwaltung, (Zollern Group), Germany, who was well known in Europe for Investment Castings. It then signed a technical licence agreement with Associated Foundries Engineering Co Ltd, Japan in December 1987, relating to producing large piece weight investment castings.

With the knowledge and experience gained through the above collaborations, and reinforced by in-house research & development, IPCL is today a technology leader in the industry, handling the widest range of material specifications and piece weights.

Product range of the company includes:

  • Automobile- IPCL caters to top automotive manufacturers in India and abroad. It is the pioneers in manufacturing investment castings in India.
  • Industrial Pumps- IPCL supplies complex and difficult parts to the pumps industry. 
  • Electrical & Instrumentation - IPCL supplies ferrous & non-ferrous investment castings to the electrical and instrumentation industry segment.
  • General Engineering- IPCL also supplies fully finished, machined and treated parts for different segments.

Milestones

  • 2009: Acquired additional 13,038 sq. metres lands for plant expansion
  • 2008: certification under ISO-14001: 2004 & OHSAS - 18001: 2007 from TUV NORD
  • 2007: Re-Certification under ISO/TS 16949 and ISO-9000 from TUV NORD
  • 2006: Acquired additional 20,000 Sq. Mt. lands for plant expansion
  • 2005: Established wind power plant, at Lamba, Dist. Jamnagar
  •  Established state of the art CNC machine shop
  •  Participation in Automotive Engineering Exposition Japan
  • 2004: Re-Certification under ISO/TS 16949 and ISO-9000 from RWTUV
  •   Established Tamboli Castings Ltd. A fully owned subsidiary as a 100% Export Oriented Unit
  •   Strategic alliance with an european foundry
  • 2003: Strategic alliance with a US foundry
  • 2002: Produced first component for BEHR India  100 Kg Piece Weight Castings developed for the first time
  • 2001: 1st time participation in Midest Fair, Paris  
  • • Certification under ISO/TS 16949 
  • • Developed Injected Ceramic Core Technology  
  • • Developed Ceramic Block Mould Process  
  • • 50 Kg Piece Weight Castings developed for the first time  
  • • Export of over Rs  60 million
  • 2000: Strategic alliance with an European foundry
  • 1999: Export of over Rs 30 million
  • 1998: Recertificationfrom under ISO- 9000 RWTUV
  • 1995: Certification under ISO-9002 from RWTUV 
  • • 1st time participation in Hannover Fair, Germany

Achievements/ recognition:

  • The company has the following Quality Systems Certification from RWTUV, Germany: ISO/TS 16949 : 2002 & ISO 9001 : 2000
  • IPCL is a ‘Self-Certified Vendor’ to Maruti Udyog Ltd., a joint venture Company of Suzuki  Motors Co., Japan
  • The company is a recognised Export House by Foreign Trade department.
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