International Combustion (India) Ltd - Stock Valuation and Financial Performance

BSE: 505737 | NSE: | Engineering - Industrial Equipments | Small Cap

International Combus Share Price

1,695.90 14.25 0.85%
as on 19-Mar'24 15:54

DeciZen - make an informed investing decision on International Combus

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

International Combustion (India) stock performance -

mw4me loader
P/E Ratio (SA):
20.37
Market Cap:
402 Cr.
52-wk low:
401.3
52-wk high:
2,157.1

Is International Combustion (India) Ltd an attractive stock to invest in?

1. Is International Combustion (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that International Combustion (India) Ltd is a below average quality company.

2. Is International Combustion (India) Ltd undervalued or overvalued?

The key valuation ratios of International Combustion (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is International Combustion (India) Ltd a good buy now?

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

10 Year X-Ray of International Combus:

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.
International Combustion (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.1%0.6%-0.7%2.3%-0.7%3.9%-0.6%-3.2%5.1%8.9%-
Value Creation
Index
-1.0-1.0-1.1-0.8-1.1-0.7-1.0-1.2-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 98.788.793.3109108134124110169223280
Sales YoY Gr.--10.2%5.2%16.3%-0.9%24.6%-7.6%-11.6%54.2%31.8%-
Adj EPS -1.90.1-5.70.8-15.410.6-11.1-2216.834.482.6
YoY Gr.-NA-9666.7%NA-2079.5%NA-204.4%NANA104.6%-
BVPS (₹) 385.6386.3384.1404.2393.8407.9396.3373.8393.1424.4488.4
Adj Net
Profit
-0.40-1.40.2-3.72.5-2.7-5.348.220
Cash Flow from Ops. 6.3-3.3-5.511.17.15.4-3.611.38.44.8-
Debt/CF from Ops. 0.4-3.9-6.43.244.3-7.21.212.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.5%15.6%21.5%31.8%
Adj EPS NANANA104.6%
BVPS1.1%1.5%2.3%8%
Share Price 28.8% 46.2% 121.4% 295.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.50-1.50.2-3.92.7-2.8-5.74.48.418.1
Op. Profit
Mgn %
3.44.71.53.12.57.52.1-1.56.37.813.2
Net Profit
Mgn %
-0.50-1.50.2-3.41.9-2.1-4.82.43.77
Debt to
Equity
00.10.40.40.30.20.30.20.10.1-
Working Cap
Days
28931529925027624127128618316389
Cash Conv.
Cycle
1481801901541671351641781049338

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

Sales growth is growing at healthy rate in last 3 years 21.54%

Sales growth is good in last 4 quarters at 35.04%

No data to display

Latest Financials - International Combustion (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 82.6 -29.6
TTM Sales (₹ Cr.) 280 98.3
BVPS (₹.) 488.4 0
Reserves (₹ Cr.) 114 85
P/BV 3.44 0.00
PE 20.37 0.00
From the Market
52 Week Low / High (₹) 401.25 / 2157.10
All Time Low / High (₹) 2.05 / 2157.10
Market Cap (₹ Cr.) 402
Equity (₹ Cr.) 2.4
Face Value (₹) 10
Industry PE 42.6

Management X-Ray of International Combus:

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 International Combus

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales998993109108134124110169223
Operating Expenses 958592105105124122111158205
Manufacturing Costs8989101312101419
Material Costs513944534963555588119
Employee Cost 26272831333439354248
Other Costs 10101112141416111519
Operating Profit 34133102-21117
Operating Profit Margin (%) 3.3%4.4%1.5%3.1%2.5%7.5%1.7%-1.5%6.3%7.8%
Other Income 2228322211
Interest 1114433222
Depreciation 4545555454
Exceptional Items 0000000000
Profit Before Tax 11-23-44-3-7512
Tax 00-11-11-1-114
Profit After Tax 11-12-24-2-548
PAT Margin (%) 0.8%1.1%-0.5%2.0%-2.2%2.7%-1.5%-4.7%2.5%3.7%
Adjusted EPS (₹)3.34.1-2.18.9-9.814.9-7.8-21.617.434.8
Dividend Payout Ratio (%)45%37%0%0%0%7%0%0%12%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 949292979497958994101
Share Capital 2222222222
Reserves 91908994929592879299
Minority Interest0000000000
Debt313312922172313913
Long Term Debt0724201371010
Short Term Debt367109102313813
Trade Payables16161317222624252833
Others Liabilities 26231921202116121621
Total Liabilities 138144155164158161158139146168

Fixed Assets

Gross Block66718655576065666872
Accumulated Depreciation3743475101520242933
Net Fixed Assets29283950474445423939
CWIP 1161000004
Investments 22262531252218151111
Inventories29323030343945434553
Trade Receivables34394139394138293646
Cash Equivalents 5333223365
Others Assets19151111121388810
Total Assets 138144155164158161158139146168

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6-3-61175-41185
PBT 11-23-44-3-7512
Adjustment 3332767566
Changes in Working Capital 4-7-874-5-613-2-11
Tax Paid -101000-10-1-2
Cash Flow From Investing Activity -1-6-15-843531-9
Capex -1-6-17-10-4-2-6-1-2-10
Net Investments 0-222844431
Others 0200007000
Cash Flow From Financing Activity -6921-4-11-80-14-72
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -41021-2-6-6-10-20-1
Interest Paid -1-1-1-4-4-3-3-2-2-2
Dividend Paid -1000000000
Others 0012-1113-10-55
Net Cash Flow -101000103-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.871.06-0.562.27-2.463.72-1.95-5.614.538.5
ROCE (%)1.471.48-0.775.20.295.99-0.3-3.836.7713
Asset Turnover Ratio0.760.690.690.740.670.840.780.741.181.42
PAT to CFO Conversion(x)6-3N/A5.5N/A1.25N/AN/A20.63
Working Capital Days
Receivable Days1221371431231301081171137067
Inventory Days100114109921081001251489681
Payable Days13115111910414913916516411094

International Combustion (India) Ltd Stock News

International Combustion (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of International Combus on 19-Mar-2024 15:54 is ₹1,695.9.
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 19-Mar-2024 15:54 the market cap of International Combus stood at ₹402.0.
The latest P/E ratio of International Combus as of 19-Mar-2024 15:54 is 20.37.
The latest P/B ratio of International Combus as of 19-Mar-2024 15:54 is 3.44.
The 52-week high of International Combus is ₹2,157.1 and the 52-week low is ₹401.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of International Combus is ₹280.2 ( Cr.) .

About International Combustion (India) Ltd

International Combustion commenced operations in the year 1936 based in Calcutta as a trading house representing the interests of International Combustion, U.K. In 1974 the company changed its status from Private to Public Limited Company.

In 1961, the company started its manufacturing activities, and presently has three manufacturing divisions :

  • Heavy Engineering Division
  • Polymer Division
  • Bauer Division

From a modest beginning with manufacture of mineral grinding mills, the company serves all the major core industries with a specialised range of products.Foreign technical collaborations and licensing agreements with world leaders in the respective product groups have ensured manufacture of premium quality equipment.

In 1989 the company entered into a collaboration with Gummi Kuper GmbH of West Germany for manufacture of rubber and polyourethane screen decks and liners. While in 1995 the company also entered into a new licence agreement with Mogensen GmbH & Co. of Germany for manufacture of 'flip flop' screens, highly specialised equipment used for grinding moist and sticky material such as limestone lignite etc.

Fully equipped manufacturing facilities at Calcutta, Nagpur and Aurangabad ensure total control over production and product quality.

Their strong Marketing and Service organization spread over the country assures quick and direct contact with customers during all phases - consultation, contractual negotiation, followed by execution, and after sales service.

Product range of the company includes:

Heavy Engineering Division:

Vibratory Equipment :

  • The Total Programme
  • Circular and  Linear Motion Screens
  • Vibrating  Feeders
  • Omni Screens
  • Mogensen Sizers Flip Flop Screens
  • Exciters Accessories

Bulk Material Handling -Grinding Mills Drying System

Bauer Division - Under license from Danfoss Bauer, Germany, IC offers a comprehensive range of Geared Motors, Gear Boxes and Electric Motors.

  • B- 2000 Series
  • Fact Sheet

Polymer Division

  • Clamp on system
  • Tensioned decks
  • Flat screen decks
  • Modular screen decks

Clientele:

  • Essar Steel
  • Kudremukh Iron Ore Company
  • Southern Iron & Steel
  • Indian Iron and Steel
  • Lloyds Metals & Ferro Alloys
  • Tata Iron & Steel Co.
  • Ispat Metallics
  • Nippon Denro Ispat
  • Vikram Ispat
  • Ferro Alloy Corporation
  • ACC NIHON Castings
  • DCM Engineering
  • India Charge Chrome
  • Amtek Industries
  • Ghatge Patil Industries
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