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Last Updated: April 2, 2026, 4:48 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523638 | NSE: IPRINGLTD

IP Rings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹368.47Undervalued by 268.47%vs CMP ₹100.00

P/E (136.0) × ROE (4.1%) × BV (₹80.20) × DY (2.00%)

₹144.92Undervalued by 44.92%vs CMP ₹100.00
MoS: +31% (Strong)Confidence: 43/100 (Low)Models: 4 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹238.1731%Under (+138.2%)
Graham NumberEarnings₹36.2919%Over (-63.7%)
Net Asset ValueAssets₹80.3110%Over (-19.7%)
EV/EBITDAEnterprise₹158.2713%Under (+58.3%)
Earnings YieldEarnings₹7.3010%Over (-92.7%)
ROCE CapitalReturns₹172.4710%Under (+72.5%)
Revenue MultipleRevenue₹238.588%Under (+138.6%)
Consensus (7 models)₹144.92100%Undervalued
Key Drivers: EPS CAGR -35.4% drags value — could be higher if earnings stabilize. | P/E of 136 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -35.4%

*Investments are subject to market risks

Investment Snapshot

46
IP Rings Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health33/100 · Weak
ROCE 3.1% WeakROE 4.1% WeakD/E 0.96 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 56.6% StableShareholders down 95% Consolidation
Earnings Quality60/100 · Moderate
OPM stable around 7% SteadyWorking capital: -22 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): +9% YoY GrowingOPM: 8.1% (up 4.5% YoY) Margin expansion
Industry Rank15/100 · Weak
P/E 136.0 vs industry 50.7 Premium to peersROCE 3.1% vs industry 16.5% Below peersROE 4.1% vs industry 14.3% Below peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:48 am

Market Cap 127 Cr.
Current Price 100
Intrinsic Value₹144.92
High / Low 185/93.0
Stock P/E136
Book Value 80.2
Dividend Yield0.00 %
ROCE3.08 %
ROE4.14 %
Face Value 10.0
PEG Ratio-3.85

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for IP Rings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IP Rings Ltd 127 Cr. 100 185/93.0136 80.20.00 %3.08 %4.14 % 10.0
Jullundur Motor Agency (Delhi) Ltd 185 Cr. 80.8 112/64.37.67 95.82.47 %13.4 %9.93 % 2.00
Sintercom India Ltd 192 Cr. 69.7 154/63.0202 37.10.00 %5.08 %0.66 % 10.0
Rane Engine Valve Ltd 230 Cr. 318 352/25997.0 1730.00 %13.1 %13.7 % 10.0
Autoline Industries Ltd 245 Cr. 54.0 96.4/48.417.0 38.00.00 %14.2 %14.9 % 10.0
Industry Average11,137.67 Cr3,051.2150.72554.760.77%16.53%14.30%7.25

All Competitor Stocks of IP Rings Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 82.5476.3276.2477.7473.9288.8282.0979.2857.8084.2181.5283.7484.99
Expenses 76.8971.2272.2372.5668.9280.5975.2173.6555.7277.8774.3476.2078.14
Operating Profit 5.655.104.015.185.008.236.885.632.086.347.187.546.85
OPM % 6.85%6.68%5.26%6.66%6.76%9.27%8.38%7.10%3.60%7.53%8.81%9.00%8.06%
Other Income 1.280.321.360.290.760.230.220.310.191.970.431.171.54
Interest 2.813.083.062.772.852.802.752.752.993.243.043.293.69
Depreciation 4.004.234.164.324.244.154.084.384.614.544.234.444.41
Profit before tax 0.12-1.89-1.85-1.62-1.331.510.27-1.19-5.330.530.340.980.29
Tax % 83.33%-29.63%-37.84%28.40%-32.33%39.74%51.85%-19.33%-26.27%35.85%50.00%69.39%62.07%
Net Profit 0.02-1.33-1.15-2.08-0.900.910.13-0.97-3.930.340.170.310.11
EPS in Rs 0.02-1.05-0.91-1.64-0.710.720.10-0.77-3.100.270.130.240.09

Last Updated: March 3, 2026, 9:08 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:20 am

MetricMar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 273323317303334
Expenses 240297294282307
Operating Profit 3326232128
OPM % 12%8%7%7%8%
Other Income 23335
Interest 1011111213
Depreciation 1416171818
Profit before tax 112-3-62
Tax % 26%28%-2%-23%
Net Profit 82-3-41
EPS in Rs 6.471.32-2.55-3.490.73
Dividend Payout % 31%76%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2022-20232023-20242024-2025
YoY Net Profit Growth (%)-75.00%-250.00%-33.33%
Change in YoY Net Profit Growth (%)0.00%-175.00%216.67%

IP Rings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2022-2023 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:4%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-126%
Stock Price CAGR
10 Years:10%
5 Years:27%
3 Years:7%
1 Year:-33%
Return on Equity
10 Years:%
5 Years:%
3 Years:-2%
Last Year:-4%

Last Updated: September 5, 2025, 3:41 pm

Balance Sheet

Last Updated: December 4, 2025, 3:04 am

MonthMar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1313131313
Reserves 9998938989
Borrowings 11310187104111
Other Liabilities 7510411496101
Total Liabilities 301316307301314
Fixed Assets 154154146146149
CWIP 52235
Investments 01144
Other Assets 142159158148156
Total Assets 301316307301314

Reserves and Borrowings Chart

Cash Flow

MonthMar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 23423519
Cash from Investing Activity + -27-13-7-25
Cash from Financing Activity + 1-27-272
Net Cash Flow -321-4
Free Cash Flow 25423520
CFO/OP 73%168%159%94%

Free Cash Flow

MonthMar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-80.00-75.00-64.00-83.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 90858981
Inventory Days 236194195185
Days Payable 282293324291
Cash Conversion Cycle 44-14-40-25
Working Capital Days 3-8-17-22
ROCE %6%4%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.58%56.58%56.58%56.58%56.58%56.58%56.58%56.58%56.58%56.58%56.58%56.58%
Public 43.42%43.42%43.43%43.43%43.44%43.43%43.43%43.41%43.42%43.41%43.43%43.42%
No. of Shareholders 6,4576,4766,3486,6116,6226,6086,3536,2596,2256,1946,087310

Shareholding Pattern Chart

No. of Shareholders

IP Rings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22
FaceValue 10.0010.0010.0010.00
Basic EPS (Rs.) -3.49-2.551.326.47
Diluted EPS (Rs.) -3.49-2.551.326.47
Cash EPS (Rs.) 11.3911.1513.9517.79
Book Value[Excl.RevalReserv]/Share (Rs.) 79.9583.6387.4988.23
Book Value[Incl.RevalReserv]/Share (Rs.) 79.9583.6387.4988.23
Revenue From Operations / Share (Rs.) 239.33249.86255.05215.14
PBDIT / Share (Rs.) 19.6120.1623.0427.94
PBIT / Share (Rs.) 5.726.8510.4616.62
PBT / Share (Rs.) -3.53-2.201.888.72
Net Profit / Share (Rs.) -2.51-2.151.376.48
NP After MI And SOA / Share (Rs.) -3.49-2.551.316.46
PBDIT Margin (%) 8.198.069.0312.98
PBIT Margin (%) 2.382.744.107.72
PBT Margin (%) -1.47-0.880.734.05
Net Profit Margin (%) -1.04-0.860.533.01
NP After MI And SOA Margin (%) -1.45-1.010.513.00
Return on Networth / Equity (%) -4.36-3.041.507.32
Return on Capital Employeed (%) 4.835.928.2612.34
Return On Assets (%) -1.46-1.050.522.72
Long Term Debt / Equity (X) 0.420.310.370.45
Total Debt / Equity (X) 0.970.780.860.96
Asset Turnover Ratio (%) 0.991.021.050.00
Current Ratio (X) 0.890.940.991.05
Quick Ratio (X) 0.530.570.600.63
Inventory Turnover Ratio (X) 5.411.872.100.00
Dividend Payout Ratio (NP) (%) 0.00-39.25152.0023.19
Dividend Payout Ratio (CP) (%) 0.009.2914.398.43
Earning Retention Ratio (%) 0.00139.25-52.0076.81
Cash Earning Retention Ratio (%) 0.0090.7185.6191.57
Interest Coverage Ratio (X) 2.122.232.693.53
Interest Coverage Ratio (Post Tax) (X) 0.720.761.161.82
Enterprise Value (Cr.) 274.64265.67201.85253.58
EV / Net Operating Revenue (X) 0.900.830.620.92
EV / EBITDA (X) 11.0510.406.917.16
MarketCap / Net Operating Revenue (X) 0.580.590.340.54
Retention Ratios (%) 0.00139.25-52.0076.80
Price / BV (X) 1.751.781.011.33
Price / Net Operating Revenue (X) 0.580.590.340.54
EarningsYield -0.02-0.010.010.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

I P Rings Ltd. is a Public Limited Listed company incorporated on 30/01/1991 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L28920TN1991PLC020232 and registration number is 020232. Currently company belongs to the Industry of Auto Ancl - Engine Parts. Company's Total Operating Revenue is Rs. 303.38 Cr. and Equity Capital is Rs. 12.68 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Engine PartsD11/12, Industrial Estate, Chengalpattu Tamil Nadu 603209Contact not found
Management
NamePosition Held
Mr. A VenkataramaniManaging Director
Mr. M GovindarajanNon Executive Director
Mr. Ryosuke HasumiNon Executive Director
Mr. Vikram VijayaraghavanIndependent Director
Mr. Navin PaulIndependent Director
Ms. Anandi IyerIndependent Director

FAQ

What is the intrinsic value of IP Rings Ltd and is it undervalued?

As of 14 April 2026, IP Rings Ltd's intrinsic value is ₹144.92, which is 44.92% higher than the current market price of ₹100.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.14 %), book value (₹80.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of IP Rings Ltd?

IP Rings Ltd is trading at ₹100.00 as of 14 April 2026, with a FY2026-2027 high of ₹185 and low of ₹93.0. The stock is currently near its 52-week low. Market cap stands at ₹127 Cr..

How does IP Rings Ltd's P/E ratio compare to its industry?

IP Rings Ltd has a P/E ratio of 136, which is above the industry average of 50.72. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is IP Rings Ltd financially healthy?

Key indicators for IP Rings Ltd: ROCE of 3.08 % is on the lower side compared to the industry average of 16.53%; ROE of 4.14 % is below ideal levels (industry average: 14.30%). Dividend yield is 0.00 %.

Is IP Rings Ltd profitable and how is the profit trend?

IP Rings Ltd reported a net profit of ₹-4 Cr in Mar 2025 on revenue of ₹303 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows a declining trend.

Does IP Rings Ltd pay dividends?

IP Rings Ltd has a dividend yield of 0.00 % at the current price of ₹100.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IP Rings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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