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International Combustion (India) Ltd. Stock Analysis

Small Cap
Evaluated by 107 users | BSE: 505737 | NSE: |
Engineering - Industrial Equipments
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 12.81%10.2%4.94%0.09%0.61%-0.65%2.32%-0.72%3.91%-0.57%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 10610712098.788.793.3109108134124
Y-o-Y Gr. Rt.-1%11.5%-17.5%-10.2%5.2%16.3%-0.9%24.6%-7.6%
Adjusted EPS (Rs.) 40.3636.5117.01-1.860.06-5.740.78-15.4410.63-11.1
Y-o-Y Gr. Rt.--9.5%-53.4%-110.9%NA-9666.7%NA-2079.5%NA-204.4%
Book Value per Share (Rs.) 308.07371.12384.01385.6386.28384.14404.17393.76407.86396.31
Adjusted Net Profit 9.78.74.1-0.40-1.40.2-3.72.5-2.7
Net Op. Cash Flow (Rs. Cr.) 10.24.33.16.3-3.3-5.511.17.15.4-3.6
Debt to Cash Flow from Ops 0.812.012.20.42-3.91-6.373.183.964.27-7.23
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
International Combustion (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.7%6.9%4.5%-7.6%
Adjusted EPS -186.6%-384.1%-342.3%-204.4%
Book Value per Share 2.80.5-0.7-2.8
Share Price -6.6% -17.7% -38.4% -25.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.5610.534.43-0.480.02-1.490.2-3.872.65-2.76
Operating Profit Margin (%) 15.2714.499.663.434.651.523.072.57.462.13
Net Profit Margin (%) 9.088.133.4-0.450.02-1.470.17-3.431.89-2.14
Debt to Equity 0.110.10.070.030.140.380.360.30.240.28
Working Capital Days 236274255289315299250276241271
Cash Conversion Cycle 87112111148180190154167135164
Entity Percentage Holding
Promoters 52.79%
Institutions 0.01%
Non-Institutions 47.20%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of International Combustion (India) Ltd.'s performance infers:

International Combustion (India) Ltd. earnings have declined by -384.1%, whereas share price has depreciated -17.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of International Combustion (India) Ltd. share prices over the last 10 years. Here is what we found out:

International Combustion (India) Ltd. share price has depreciated -8.6% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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