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IC Electricals Company Ltd (ICELCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ICELCO Electronics - Components | Small Cap | IC Electricals Co. Share Price

BSE Share Price
Not Listed

IC Electricals Company Ltd (ICELCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ICELCO Electronics - Components | Small Cap | IC Electricals Co. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹314 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹7.7
TTM Sales
₹144 Cr.
Book Value per Share
₹38.7
P/E Ratio
22.40
In line with its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
4.45
In line with its 5-year historical median
Price to Sales (P/S)
2.18
In line with its 5-year historical median
EV/EBITDA
14.11
In line with its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
23.88%
Return on Capital Employed (ROCE)
21.77%
Return on Assets (ROA)
8.05%
Operating Profit Margin
18.8%
Net Profit Margin
9.74%
Gross Profit Margin
13.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.48%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
39.12%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
51.08%
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹52 Cr.
Equity
₹18.3 Cr.
Face Value
₹10
All Time Low / High
- / -

IC Electricals Company stock performance

Key Ratios
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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.
IC Electricals Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ12.4%17.5%20.7%21.8%-
Value Creation
Index ⓘ		-0.10.30.50.6-

Growth Parameters ⓘ
Sales ⓘ95.699.2121144144
Sales YoY Gr.-3.8%22.4%18.5%-
Adj EPS ⓘ1.546.910.47.7
YoY Gr.-164.9%73%50.4%-
BVPS (₹) ⓘ24.828.838.54938.7
Adj Net
Profit ⓘ		1.84.69.31414
Cash Flow from Ops. ⓘ3.2-1.6-8.3-11.5-
Debt/CF from Ops. ⓘ12.2-29.4-6.5-6.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA14.6%18.5%
Adj EPS ⓘNANA90.3%50.4%
BVPSⓘNANA25.5%27.1%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		6.11521.923.817.5
Op. Profit
Mgn % ⓘ		9.113.21618.8NAN
Net Profit
Mgn % ⓘ		1.84.77.69.79.7
Debt to
Equity ⓘ		1.41.41.11.1-
Working Cap
Days ⓘ		04784424340
Cash Conv.
Cycle ⓘ		01661921990

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales9699121144
Operating Expenses ⓘ + 8786102117
Manufacturing Costs75613
Material Costs57658183
Employee Cost 1310911
Other Costs ⓘ 9779
Operating Profit ⓘ 9131927
Operating Profit Margin (%) 9.1%13.2%16.0%18.8%
Other Income ⓘ + 0001
Exceptional Items ⓘ 0000
Interest ⓘ 6778
Depreciation ⓘ 1001
Profit Before Tax ⓘ 361219
Tax ⓘ 1135
Profit After Tax 25914
PAT Margin (%) 1.8%4.7%7.6%9.7%
Adjusted EPS (₹)1.54.06.910.5
Dividend Payout Ratio (%)0%0%0%0%

Valuation of IC Electricals Co. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 29335266
Share Capital ⓘ 441313
Reserves ⓘ 25293852
Debt +36414766
Long Term Debt3322
Short Term Debt33384563
Minority Interest0000
Trade Payables43503437
Others Liabilities ⓘ 15182523
Total Liabilities ⓘ 123142158191

Fixed Assets

Net Fixed Assets ⓘ +3333
Gross Block12121213
Accumulated Depreciation991010
CWIP ⓘ 0000
Investments ⓘ 0000
Inventories64728192
Trade Receivables32423442
Cash Equivalents 0000
Others Assets ⓘ 24264053
Total Assets ⓘ 123142158191

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 3-2-8-11
PBT ⓘ 361219
Adjustment ⓘ 6778
Changes in Working Capital ⓘ -4-14-26-36
Tax Paid ⓘ -1-1-2-3
Cash Flow From Investing Activity ⓘ + 00-0-1
Capex -0-0-1-1
Net Investments 0000
Others ⓘ 0000
Cash Flow From Financing Activity ⓘ + -41912
Net Proceeds from Shares ⓘ 0090
Net Proceeds from Borrowing ⓘ 1311
Interest Paid ⓘ -6-7-7-8
Dividend Paid ⓘ 0000
Others ⓘ 15519
Net Cash Flow ⓘ -1000

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.1114.9521.8623.88
ROCE (%)12.4317.4520.721.77
Asset Turnover Ratio0.780.750.810.83
PAT to CFO Conversion(x)1.5-0.4-0.89-0.79
Working Capital Days
Receivable Days120.90135.70113.8096.20
Inventory Days244.90249.90230219.80
Payable Days276.30262.20190.20154.90

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

IC Electricals Company Ltd FAQs

The current trading price of IC Electricals Co. on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of IC Electricals Co. stood at ₹314.2 Cr

The latest P/E ratio of IC Electricals Co. as of 31-Dec-1969 is 22.40.

The latest P/B ratio of IC Electricals Co. as of 31-Dec-1969 is 4.45.

The 52-week high of IC Electricals Co. is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IC Electricals Co. is ₹144 ( Cr.) .

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

The key valuation ratios of IC Electricals Company 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 IC Electricals Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About IC Electricals Company Ltd

IC Electricals Company was originally incorporated as a private limited company on August 05, 2005 with the name ‘IC Electricals Company Private Limited’. Subsequently the company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on August 06, 2024, and the name of the company was changed from ‘IC Electricals Company Private Limited’ to ‘IC Electricals Company Limited’.

The company is involved in the business of manufacturing of electronic equipment for Railways Application. The company provides advanced engineering solutions to Indian Railways. It offers a wide range of electronic products such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, compliant with the latest technical standards. The company also manufactures key railway components including alternators, traction motors, and permanent magnet alternators with controllers. These products are engineered to meet stringent industry standards, and its team works closely with clients to develop tailored solutions that ensure high performance, reliability, and compliance across various rail applications.

Additionally, the company provides services for turnkey railway electrification projects, encompassing the design, supply, erection, testing, and commissioning of 25 kV AC overhead equipment and traction substation systems. The company also have approved supplier registrations from various professional directorates of Ministry of Railway (Research, Design & Standards Organisation). The company primarily operates on a Business-to-Government (B2G) model.

Business area of the company 

The company is involved in the business of providing advanced engineering solutions to Indian Railways. It offers a broad range of electronic products such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, compliant with the latest technical standards.

Business verticals of the company

Electronics Division

  • Electronic Rectifier-cum-Regulating Unit (ERRU) - 4.5 kW & 25 kW
  • Vigilance Control Device (VCD)
  • Regulated Battery Charger - 6.5 kW
  • Regulated Battery Charger - 4.5 kW, Rev.1
  • GPS-Based Passenger Announcement & Passenger Information System (PAPIS)
  • Emergency Light Unit (ELU) for Passenger Coaches

Rotating Machines Division

  • 4.5 kW Brushless Alternator with Rectifier-cum-Regulating Unit (RRU)
  • 25 kW Brushless Alternator for AC Coaches
  • Traction Motor for Indian Railways
  • Oil Cooling Unit (OCU) for Traction Systems
  • Armature Coils for Traction Motors
  • Main Field Coils for Traction Motors
  • 1460 CP Coil (Commutating Pole Coil)
  • GE 761 Armature Coil
  • GE 761 Commutating Field Coil
  • GE 761 Armature Equalizer Coil
  • GE 761 A23 Exciting Field Coil
  • GE 752 Armature Coil
  • GE 1264 Main Field Coil
  • D77 Armature Coil
  • GE 1259 Main Field Coil
  • GE 1259 Commutating Field Coil

Contracts Division

  • Detailed Engineering & Design
  • Procurement & Supply Chain Management
  • Execution & Erection
  • Testing & Commissioning

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