About
IP Rings Limited manufactures and sells engine and transmission components in India, the United States, Thailand, France, and internationally. The company offers piston rings, including top, second, and oil rings, as well as turbo charger rings; gear and pinion small commercial vehicles, three wheelers, passenger cars, and tractors; synchrocone with lining, MIBA carbon lining, and synchrocone products; and polewheel/toner ring products. It also provides rotor shafts and diff case assembly products; and other transmission components comprising gear shift sleeves, edge collar nuts, lock rings, nut mutters, and dog clutches. The company was incorporated in 1991 and is based in Chennai, India.
Key Metrics
as of Sep 2026Market Cap203 Cr
P/E54.50
Div Yield0.00 %
Book Value₹81.30
52w High₹187.00
52w Low₹93.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 96.03 | 86.54 | 84.99 | 83.74 | 81.52 | 84.21 | 57.80 | 79.28 | 82.09 | 88.82 | 73.92 | 77.74 | 76.24 |
| Expenses | 86.92 | 79.54 | 78.14 | 76.20 | 74.34 | 77.87 | 55.72 | 73.65 | 75.21 | 80.59 | 68.92 | 72.56 | 72.23 |
| Operating Profit | 9.11 | 7.00 | 6.85 | 7.54 | 7.18 | 6.34 | 2.08 | 5.63 | 6.88 | 8.23 | 5.00 | 5.18 | 4.01 |
| OPM % | 9.49 | 8.09 | 8.06 | 9.00 | 8.81 | 7.53 | 3.60 | 7.10 | 8.38 | 9.27 | 6.76 | 6.66 | 5.26 |
| Other Income | 1.14 | 2.31 | 1.54 | 1.17 | 0.43 | 1.97 | 0.19 | 0.31 | 0.22 | 0.23 | 0.76 | 0.29 | 1.36 |
| Depreciation | 4.61 | 4.46 | 4.41 | 4.44 | 4.23 | 4.54 | 4.61 | 4.38 | 4.08 | 4.15 | 4.24 | 4.32 | 4.16 |
| Interest | 3.60 | 3.63 | 3.69 | 3.29 | 3.04 | 3.24 | 2.99 | 2.75 | 2.75 | 2.80 | 2.85 | 2.77 | 3.06 |
| Profit before tax | 2.04 | 1.22 | 0.29 | 0.98 | 0.34 | 0.53 | -5.33 | -1.19 | 0.27 | 1.51 | -1.33 | -1.62 | -1.85 |
| Tax % | 24.02 | 7.38 | 62.07 | 69.39 | 50.00 | 35.85 | -26.27 | -19.33 | 51.85 | 39.74 | -32.33 | 28.40 | -37.84 |
| Net Profit | 1.54 | 1.13 | 0.11 | 0.31 | 0.17 | 0.34 | -3.93 | -0.97 | 0.13 | 0.91 | -0.90 | -2.08 | -1.15 |
| EPS in Rs | 1.21 | 0.89 | 0.09 | 0.24 | 0.13 | 0.27 | -3.10 | -0.77 | 0.10 | 0.72 | -0.71 | -1.64 | -0.91 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Sales | 337.00 | 303.00 | 317.00 | 323.00 | 273.00 |
| Expenses | 308.00 | 282.00 | 294.00 | 297.00 | 240.00 |
| Operating Profit | 29.00 | 21.00 | 23.00 | 26.00 | 33.00 |
| OPM % | 9.00 | 7.00 | 7.00 | 8.00 | 12.00 |
| Other Income | 5.00 | 3.00 | 3.00 | 3.00 | 2.00 |
| Interest | 14.00 | 12.00 | 11.00 | 11.00 | 10.00 |
| Depreciation | 18.00 | 18.00 | 17.00 | 16.00 | 14.00 |
| Profit before tax | 3.00 | -6.00 | -3.00 | 2.00 | 11.00 |
| Tax % | 39.00 | -23.00 | -2.00 | 28.00 | 26.00 |
| Net Profit | 2.00 | -4.00 | -3.00 | 2.00 | 8.00 |
| EPS in Rs | 1.36 | -3.49 | -2.55 | 1.32 | 6.47 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 76.00 | 31.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Reserves | 90.00 | 89.00 | 93.00 | 98.00 | 99.00 |
| Borrowings | 123.00 | 104.00 | 87.00 | 101.00 | 113.00 |
| Other Liabilities | 97.00 | 96.00 | 114.00 | 104.00 | 75.00 |
| Total Liabilities | 323.00 | 301.00 | 307.00 | 316.00 | 301.00 |
| Fixed Assets | 151.00 | 146.00 | 146.00 | 154.00 | 154.00 |
| CWIP | 3.00 | 3.00 | 2.00 | 2.00 | 5.00 |
| Investments | 3.00 | 4.00 | 1.00 | 1.00 | 0.00 |
| Other Assets | 165.00 | 148.00 | 158.00 | 159.00 | 142.00 |
| Total Assets | 323.00 | 301.00 | 307.00 | 316.00 | 301.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Cash from Operating Activity | 8.00 | 19.00 | 35.00 | 42.00 | 23.00 |
| Cash from Investing Activity | -15.00 | -25.00 | -7.00 | -13.00 | -27.00 |
| Cash from Financing Activity | 7.00 | 2.00 | -27.00 | -27.00 | 1.00 |
| Net Cash Flow | -1.00 | -4.00 | 1.00 | 2.00 | -3.00 |
| Free Cash Flow | 9.00 | 20.00 | 35.00 | 42.00 | 25.00 |
| CFO/OP % | 21.00 | 94.00 | 159.00 | 168.00 | 73.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Debtor Days | 82.00 | 81.00 | 89.00 | 85.00 | 90.00 |
| Inventory Days | 266.00 | 185.00 | 195.00 | 194.00 | 236.00 |
| Days Payable | 314.00 | 291.00 | 324.00 | 293.00 | 282.00 |
| Cash Conversion Cycle | 34.00 | -25.00 | -40.00 | -14.00 | 44.00 |
| Working Capital Days | -3.00 | -22.00 | -17.00 | -8.00 | 3.00 |
| ROCE % | 8.00 | 3.00 | 4.00 | 6.00 | — |
Corporate Actions
17 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 04 Aug 2023 | — | — | 1.00 | |
| Dividend | 29 Jul 2022 | — | — | 2.00 | |
| Dividend | 20 Jul 2021 | — | — | 1.50 | |
| Dividend | 16 Jul 2019 | — | — | 1.00 | |
| Other | 16 Jan 2017 | 17 Jan 2017 | — | — | Right Issue of Equity Shares |
| Other | 22 Jul 2014 | — | — | — | Annual General Meeting |
| Other | 18 Jul 2013 | — | — | — | Annual General Meeting |
| Dividend | 17 Jul 2012 | — | — | 1.00 | |
| Other | 17 Jul 2012 | — | — | — | Annual General Meeting/Div Of Re.1/- Per Shares(10%) |
| Dividend | 19 Jul 2011 | — | — | 3.00 | |
| Other | 19 Jul 2011 | — | — | — | Annual General Meeting/Div. Of Rs.3/- Per Share |
| Dividend | 20 Jul 2010 | — | — | 3.00 | |
| Dividend | 14 Jul 2009 | — | — | 1.00 | |
| Dividend | 15 Jul 2008 | — | — | 2.50 | |
| Dividend | 17 Jul 2007 | — | — | 2.75 | |
| Dividend | 11 Jul 2001 | — | — | 2.50 | |
| Other | 11 Jul 2001 | — | — | — | General |