Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 73.35 | 73.36 | 81.27 | 59.53 | 63.83 | 82.79 | 86.83 | 59.89 | 75.33 | 72.19 | 86.00 | 65.91 |
| Expenses | 63.95 | 63.28 | 73.43 | 54.70 | 61.10 | 73.98 | 79.76 | 58.55 | 73.11 | 72.68 | 82.76 | 68.45 |
| Operating Profit | 9.40 | 10.08 | 7.84 | 4.83 | 2.73 | 8.81 | 7.07 | 1.34 | 2.22 | -0.49 | 3.24 | -2.54 |
| OPM % | 12.82% | 13.74% | 9.65% | 8.11% | 4.28% | 10.64% | 8.14% | 2.24% | 2.95% | -0.68% | 3.77% | -3.85% |
| Other Income | 0.26 | 0.17 | 1.10 | 0.34 | 0.40 | 2.77 | 0.37 | 0.43 | 0.24 | 0.39 | -0.31 | 0.57 |
| Interest | 0.84 | 0.77 | 0.66 | 1.57 | 1.30 | 1.22 | 0.91 | 1.04 | 0.70 | 0.77 | 0.96 | 0.83 |
| Depreciation | 1.23 | 1.26 | 1.40 | 1.48 | 1.57 | 1.61 | 1.70 | 1.66 | 1.63 | 1.73 | 1.77 | 1.67 |
| Profit before tax | 7.59 | 8.22 | 6.88 | 2.12 | 0.26 | 8.75 | 4.83 | -0.93 | 0.13 | -2.60 | 0.20 | -4.47 |
| Tax % | 33.86% | 32.85% | 46.22% | 16.51% | 19.23% | 29.49% | -40.58% | 0.00% | 15.38% | 2.31% | -440.00% | -10.74% |
| Net Profit | 5.02 | 5.51 | 3.70 | 1.77 | 0.21 | 6.17 | 6.79 | -0.93 | 0.12 | -2.65 | 1.08 | -3.99 |
| EPS in Rs | 21.00 | 23.05 | 15.48 | 7.40 | 0.88 | 25.81 | 28.41 | -3.89 | 0.50 | -11.09 | 4.52 | -16.69 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 93 | 109 | 108 | 134 | 124 | 110 | 169 | 223 | 297 | 293 | 293 | 299 |
| Expenses | 92 | 105 | 105 | 124 | 121 | 111 | 158 | 205 | 258 | 270 | 287 | 297 |
| Operating Profit | 1 | 3 | 3 | 10 | 3 | -1 | 11 | 17 | 38 | 23 | 6 | 2 |
| OPM % | 1.5% | 3.1% | 2.5% | 7% | 2.1% | -1.2% | 6% | 8% | 13% | 8% | 2.1% | 0.8% |
| Other Income | 2 | 8 | 3 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 1 | 1 |
| Interest | 1 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 3 | 5 | 3 | 3 |
| Depreciation | 4 | 5 | 5 | 5 | 5 | 4 | 5 | 4 | 5 | 6 | 7 | 7 |
| Profit before tax | -2 | 3 | -4 | 4 | -3 | -7 | 5 | 12 | 32 | 16 | -3 | -7 |
| Tax % | -71% | 21% | -35% | 14% | -41% | -22% | 21% | 31% | 38% | 9% | -25% | |
| Net Profit | -1 | 2 | -2 | 4 | -2 | -5 | 4 | 8 | 20 | 15 | -2 | -5 |
| EPS in Rs | -2.13 | 8.95 | -9.83 | 14.89 | -7.82 | -21.63 | 17.36 | 34.77 | 83.46 | 62.54 | -10.00 | -22.76 |
| Dividend Payout % | 0% | 0% | 0% | 7% | 0% | 0% | 12% | 9% | 6% | 6% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 12% | 22% | 10% | 2% | ||
| Compounded Profit Growth | -2% | 10% | % | -150% | ||
| Stock Price CAGR | 3% | 17% | -25% | -41% | ||
| Return on Equity | 4% | 8% | 8% | -1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 90 | 89 | 94 | 92 | 95 | 92 | 87 | 92 | 99 | 118 | 131 | 128 |
| Borrowings | 13 | 35 | 35 | 28 | 23 | 26 | 14 | 9 | 13 | 31 | 33 | 27 |
| Other Liabilities | 31 | 25 | 32 | 36 | 41 | 39 | 39 | 46 | 55 | 72 | 64 | 76 |
| Total Liabilities | 136 | 152 | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 230 | 234 |
| Fixed Assets | 28 | 39 | 50 | 47 | 44 | 45 | 42 | 39 | 39 | 57 | 60 | 59 |
| CWIP | 1 | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 3 | 0 | 1 |
| Investments | 26 | 25 | 31 | 25 | 22 | 18 | 15 | 11 | 11 | 9 | 12 | 13 |
| Other Assets | 81 | 82 | 83 | 86 | 95 | 96 | 86 | 98 | 115 | 154 | 158 | 162 |
| Total Assets | 136 | 152 | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 230 | 234 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3 | -6 | 11 | 7 | 5 | -4 | 11 | 8 | 5 | 6 | 12 | 23 |
| Cash from Investing Activity | -6 | -15 | -8 | 4 | 3 | 5 | 3 | 1 | -9 | -19 | -8 | -12 |
| Cash from Financing Activity | 9 | 21 | -4 | -11 | -8 | -0 | -14 | -7 | 2 | 14 | -5 | -10 |
| Net Cash Flow | 0 | 1 | -0 | -0 | -0 | 1 | -0 | 3 | -3 | 1 | 0 | 0 |
| Free Cash Flow | -9 | -23 | 1 | 3 | 4 | -10 | 10 | 6 | -5 | -15 | 7 | 16 |
| CFO/OP | -81% | -429% | 329% | 272% | 55% | -97% | -829% | 89% | 40% | 30% | 71% | 385% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 161 | 162 | 130 | 131 | 111 | 113 | 97 | 77 | 76 | 83 | 90 | 85 |
| Inventory Days | 302 | 245 | 258 | 255 | 229 | 300 | 287 | 189 | 164 | 166 | 155 | 150 |
| Days Payable | 151 | 107 | 148 | 167 | 149 | 160 | 167 | 115 | 103 | 106 | 94 | 111 |
| Cash Conversion Cycle | 313 | 301 | 239 | 220 | 191 | 254 | 217 | 151 | 137 | 143 | 152 | 125 |
| Working Capital Days | 174 | 167 | 97 | 96 | 83 | 82 | 91 | 76 | 65 | 65 | 71 | 55 |
| ROCE % | -0% | -2% | 5% | 0% | 6% | -0% | -4% | 7% | 13% | 26% | 12% | 0% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.57% | 0.61% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 47.10% | 47.12% | 47.11% | 46.55% | 46.52% | 47.11% | 47.11% | 47.11% | 47.11% | 47.11% | 47.12% | 47.13% |
| No. of Shareholders | 5,099 | 5,376 | 6,531 | 6,757 | 8,325 | 8,553 | 8,483 | 8,462 | 8,206 | 8,032 | 7,890 | 7,697 |
Fundamentals
Market Cap₹ 108 Cr.
Current Price₹ 454
Book Value₹ 547
ROCE0.48 %
ROE-1.41 %
Dividend Yield0.88 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-150%
Standalone figures.
Valuation
Market capRs 105 Cr
Enterprise valueRs 117 Cr
Price to book0.80x
Price to sales0.35x
EV / EBITDA35.18x
EV / sales0.39x
Price to cash flow4.57x
Earnings yield-5.20%
P/E, 3-year average16.65x
P/B, 3-year average1.84x
P/E, 5-year average15.87x
P/B, 5-year average1.47x
Profitability
Operating margin (excl. other income)2.15%
Operating margin (incl. other income)2.40%
EBITDA margin1.11%
Pre-tax margin-2.25%
Net profit margin-1.82%
Net margin, latest quarter-6.05%
ROE-1.81%
ROCE0.16%
ROA-1.03%
ROE, 3-year average9.31%
ROCE, 3-year average13.34%
ROA, 3-year average5.24%
ROE, 5-year average8.19%
ROCE, 5-year average11.95%
ROA, 5-year average4.76%
ROIC (approx.)-1.82%
Tax rate25.31%
Other income / net worth0.57%
Growth
Sales growth (latest year)0.14%
Profit growth (latest year)-115.99%
Sales CAGR, 3 years9.65%
Sales CAGR, 5 years21.78%
Sales growth QoQ-23.36%
Profit growth QoQ-469.44%
Sales growth YoY (latest quarter)10.05%
Per share
EPS (TTM)Rs -22.76
EPS (latest year)Rs -10.00
EPS (latest quarter)Rs -16.69
EPS, 3-year averageRs 45.34
EPS, 5-year averageRs 37.63
Book value per shareRs 546.92
Sales per shareRs 1,252.70
Cash flow per shareRs 95.64
Free cash flow per shareRs 66.94
Dividend per share, 3-year averageRs 4.52
Dividend per share, 5-year averageRs 3.51
Dividends
Dividend payout, 3-year average6.22%
Dividend payout, 5-year average8.17%
Efficiency
Asset turnover1.25x
Fixed asset turnover5.00x
Inventory turnover2.69x
Inventory days136 days
Debtor days85 days
Debtors turnover4.29x
Creditor days111 days
Cash conversion cycle125 days
Working capital days55 days
Leverage
Total debtRs 27 Cr
Cash and bankRs 15 Cr
Net debtRs 12 Cr
Debt to equity0.21x
Net debt / EBITDA3.69x
Interest coverage-1.07x
Owners' fund to total sources55.84%
Debt to assets11.49%
Cash flow
Cash from Operating Activity (latest year)Rs 23 Cr
Cash from Investing Activity (latest year)Rs -12 Cr
Cash from Financing Activity (latest year)Rs -10 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years1.20x
Sales to cash flow12.83x
Statement figures
Net sales (TTM)Rs 299 Cr
Net sales (latest year)Rs 293 Cr
Sales (latest quarter)Rs 66 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs -7 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs -5 Cr
Net profit (latest year)Rs -2 Cr
Net profit (latest quarter)Rs -4 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 174 Cr
Total expenditure (latest year)Rs 287 Cr
Total income (latest year)Rs 294 Cr
Share capitalRs 2 Cr
ReservesRs 128 Cr
Shareholders' fundsRs 131 Cr
Total assetsRs 234 Cr
Net blockRs 59 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 13 Cr
ReceivablesRs 68 Cr
InventoryRs 65 Cr
Other liabilitiesRs 76 Cr
Shares outstanding (crore)0.24
Ownership
Promoter holding52.88% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.80 is at the 39th percentile (median 0.87).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 505737 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.0% | -2.8% | -4.2 pts |
| 1 month | -9.6% | -6.8% | -2.8 pts |
| 3 months | -10.6% | -7.6% | -3.0 pts |
| 3 years | -60.7% | +14.2% | -74.8 pts |
| 5 years | +103.0% | +27.9% | +75.1 pts |
Red flags
F-score 4 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹66 Cr +10.1% vs Jun 2025.
Net loss ₹4 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of International Combustion (India) Ltd?
International Combustion (India) Ltd (505737) has a market capitalisation of Rs 108 Cr. at the 2026-10-01 close.
What were International Combustion (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, International Combustion (India) Ltd sales was Rs 66 Cr (+10.1% vs Jun 2025) with a net loss of Rs 4 Cr.