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 | 77.74 | 73.92 | 88.82 | 82.09 | 79.28 | 57.80 | 84.21 | 81.52 | 83.74 | 84.99 | 86.54 | 96.03 |
| Expenses | 72.49 | 68.92 | 80.05 | 75.05 | 73.45 | 55.35 | 77.36 | 74.04 | 76.13 | 77.50 | 79.05 | 86.91 |
| Operating Profit | 5.25 | 5.00 | 8.77 | 7.04 | 5.83 | 2.45 | 6.85 | 7.48 | 7.61 | 7.49 | 7.49 | 9.12 |
| OPM % | 6.75% | 6.76% | 9.87% | 8.58% | 7.35% | 4.24% | 8.13% | 9.18% | 9.09% | 8.81% | 8.65% | 9.50% |
| Other Income | 0.29 | 0.72 | 0.23 | 0.22 | 0.31 | 0.19 | 1.95 | 0.42 | 1.14 | 1.11 | 2.26 | 1.11 |
| Interest | 2.77 | 2.85 | 2.80 | 2.75 | 2.75 | 2.99 | 3.24 | 3.04 | 3.29 | 3.69 | 3.63 | 3.60 |
| Depreciation | 4.32 | 4.24 | 4.15 | 4.08 | 4.38 | 4.61 | 4.54 | 4.23 | 4.44 | 4.41 | 4.46 | 4.61 |
| Profit before tax | -1.55 | -1.37 | 2.05 | 0.43 | -0.99 | -4.96 | 1.02 | 0.63 | 1.02 | 0.50 | 1.66 | 2.02 |
| Tax % | 29.68% | -31.39% | 29.27% | 32.56% | -23.23% | -28.23% | 18.63% | 26.98% | 66.67% | 36.00% | 5.42% | 24.26% |
| Net Profit | -2.01 | -0.95 | 1.45 | 0.29 | -0.76 | -3.56 | 0.83 | 0.46 | 0.34 | 0.32 | 1.57 | 1.52 |
| EPS in Rs | -1.59 | -0.75 | 1.14 | 0.23 | -0.60 | -2.81 | 0.65 | 0.36 | 0.27 | 0.25 | 1.24 | 1.20 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 118 | 175 | 203 | 212 | 198 | 198 | 273 | 323 | 317 | 303 | 337 | 351 |
| Expenses | 103 | 160 | 179 | 184 | 176 | 174 | 240 | 297 | 294 | 281 | 307 | 320 |
| Operating Profit | 15 | 15 | 24 | 28 | 22 | 25 | 33 | 26 | 23 | 22 | 30 | 32 |
| OPM % | 13% | 8% | 12% | 13% | 11% | 12% | 12% | 8% | 7% | 7% | 9% | 9% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 5 | 6 |
| Interest | 9 | 10 | 7 | 8 | 9 | 7 | 10 | 11 | 11 | 12 | 14 | 14 |
| Depreciation | 7 | 8 | 8 | 10 | 11 | 12 | 14 | 16 | 17 | 18 | 18 | 18 |
| Profit before tax | 0 | -3 | 10 | 11 | 2 | 7 | 11 | 2 | -3 | -4 | 4 | 5 |
| Tax % | 12% | -44% | 28% | 28% | 36% | 24% | 26% | 27% | -2% | -29% | 29% | |
| Net Profit | 0 | -1 | 7 | 8 | 1 | 5 | 8 | 2 | -3 | -3 | 3 | 4 |
| EPS in Rs | 0.17 | -1.14 | 5.78 | 6.27 | 0.87 | 3.92 | 6.48 | 1.37 | -2.15 | -2.52 | 2.12 | 2.96 |
| Dividend Payout % | 0% | 0% | 0% | 16% | 0% | 38% | 31% | 73% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 11% | 11% | 1% | 16% | ||
| Compounded Profit Growth | 33% | -6% | 27% | 256% | ||
| Stock Price CAGR | -1% | 1% | -1% | -5% | ||
| Return on Equity | 3% | 1% | -1% | 4% |
| 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 | 7 | 7 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 33 | 33 | 74 | 81 | 89 | 88 | 93 | 99 | 98 | 94 | 90 | 93 |
| Borrowings | 66 | 86 | 60 | 73 | 82 | 82 | 99 | 113 | 101 | 87 | 104 | 123 |
| Other Liabilities | 22 | 30 | 43 | 40 | 44 | 54 | 68 | 75 | 104 | 114 | 96 | 97 |
| Total Liabilities | 129 | 156 | 189 | 207 | 228 | 237 | 273 | 301 | 316 | 308 | 303 | 326 |
| Fixed Assets | 68 | 80 | 85 | 95 | 118 | 119 | 145 | 154 | 154 | 146 | 146 | 151 |
| CWIP | 0 | 1 | 4 | 4 | 2 | 19 | 2 | 5 | 2 | 2 | 3 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 7 | 7 |
| Other Assets | 60 | 74 | 100 | 108 | 108 | 99 | 126 | 142 | 159 | 158 | 147 | 164 |
| Total Assets | 129 | 156 | 189 | 207 | 228 | 237 | 273 | 301 | 316 | 308 | 303 | 326 |
| 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 | -2 | 7 | 10 | 22 | 21 | 32 | 17 | 23 | 42 | 35 | 19 | 8 |
| Cash from Investing Activity | -6 | -20 | -18 | -24 | -22 | -15 | -26 | -27 | -13 | -7 | -26 | -16 |
| Cash from Financing Activity | 8 | 11 | 12 | 6 | 2 | -11 | 4 | 1 | -27 | -27 | 2 | 7 |
| Net Cash Flow | 0 | -2 | 4 | 4 | 0 | 6 | -5 | -3 | 2 | 1 | -5 | -1 |
| Free Cash Flow | -8 | -13 | -8 | -2 | -2 | 5 | 14 | 25 | 42 | 35 | 20 | 7 |
| CFO/OP | -12% | 49% | 72% | 97% | 85% | 151% | 74% | 73% | 168% | 155% | 88% | 20% |
| 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 | 88 | 106 | 102 | 85 | 85 | 70 | 104 | 90 | 85 | 89 | 81 | 82 |
| Inventory Days | 273 | 242 | 211 | 192 | 225 | 220 | 288 | 236 | 194 | 195 | 185 | 266 |
| Days Payable | 160 | 157 | 189 | 155 | 193 | 173 | 325 | 282 | 293 | 324 | 291 | 314 |
| Cash Conversion Cycle | 201 | 192 | 124 | 121 | 117 | 117 | 67 | 44 | -14 | -40 | -25 | 34 |
| Working Capital Days | -35 | -104 | 11 | -2 | 9 | -43 | -17 | 3 | -8 | -17 | -22 | -3 |
| ROCE % | 6% | 8% | 5% | 11% | 11% | 6% | 7% | 10% | 6% | 4% | 4% | 9% |
| 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 | 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 | 43.43% | 43.43% | 43.44% | 43.43% | 43.43% | 43.41% | 43.42% | 43.41% | 43.43% | 43.42% | 43.43% | 43.43% |
| No. of Shareholders | 6,348 | 6,611 | 6,622 | 6,608 | 6,353 | 6,259 | 6,225 | 6,194 | 6,087 | 6,054 | 6,010 | 5,995 |
Fundamentals
Market Cap₹ 175 Cr.
Current Price₹ 136
Stock P/E36.9
Book Value₹ 83.5
ROCE8.60 %
ROE3.52 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)256%
Standalone figures.
Valuation
Market capRs 180 Cr
Enterprise valueRs 302 Cr
P/E (TTM)47.98x
Price to book1.70x
Price to sales0.51x
EV / EBITDA8.09x
EV / EBIT15.57x
EV / sales0.86x
Price to cash flow21.55x
Earnings yield2.08%
P/E, 3-year average45.24x
P/B, 3-year average1.55x
P/E, 5-year average42.57x
P/B, 5-year average1.40x
Profitability
Operating margin (excl. other income)8.92%
Operating margin (incl. other income)10.39%
EBITDA margin10.63%
Pre-tax margin1.48%
Net profit margin1.07%
Net margin, latest quarter1.58%
ROE2.57%
ROCE7.99%
ROA0.86%
ROE, 3-year average-1.00%
ROCE, 3-year average5.29%
ROA, 3-year average-0.36%
ROE, 5-year average1.23%
ROCE, 5-year average6.35%
ROA, 5-year average0.47%
ROIC (approx.)6.02%
Tax rate29.21%
Other income / net worth4.68%
Growth
Sales growth (latest year)11.01%
Sales CAGR, 3 years1.37%
Sales CAGR, 5 years11.16%
Profit CAGR, 3 years15.63%
Profit CAGR, 5 years-11.55%
Sales growth QoQ10.97%
Profit growth QoQ-3.18%
Sales growth YoY (latest quarter)17.80%
Profit growth YoY (latest quarter)230.43%
Per share
EPS (TTM)Rs 2.96
EPS (latest year)Rs 2.12
EPS (latest quarter)Rs 1.20
EPS, 3-year averageRs -0.85
EPS, 5-year averageRs 1.06
Book value per shareRs 83.53
Sales per shareRs 277.14
Cash flow per shareRs 6.59
Free cash flow per shareRs 5.52
Dividend per share, 5-year averageRs 1.50
Dividends
Dividend payout, 5-year average51.96%
Efficiency
Asset turnover1.03x
Fixed asset turnover2.23x
Inventory turnover3.43x
Inventory days106 days
Debtor days82 days
Debtors turnover4.45x
Creditor days314 days
Cash conversion cycle34 days
Working capital days-3 days
Leverage
Total debtRs 123 Cr
Cash and bankRs 1 Cr
Net debtRs 122 Cr
Debt to equity1.16x
Net debt / EBITDA3.27x
Interest coverage1.37x
Owners' fund to total sources32.47%
Debt to assets37.69%
Cash flow
Cash from Operating Activity (latest year)Rs 8 Cr
Cash from Investing Activity (latest year)Rs -16 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 7 Cr
FCFE (approx.: FCF + change in debt)Rs 25 Cr
Cash from ops / profit, 5 years18.14x
Sales to cash flow40.33x
Statement figures
Net sales (TTM)Rs 351 Cr
Net sales (latest year)Rs 337 Cr
Sales (latest quarter)Rs 96 Cr
Operating profit excl. other income (latest year)Rs 30 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 37 Cr
PBDT (TTM)Rs 23 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 239 Cr
Total expenditure (latest year)Rs 307 Cr
Total income (latest year)Rs 342 Cr
Share capitalRs 13 Cr
ReservesRs 93 Cr
Shareholders' fundsRs 106 Cr
Total assetsRs 326 Cr
Net blockRs 151 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 7 Cr
ReceivablesRs 76 Cr
InventoryRs 70 Cr
Other liabilitiesRs 97 Cr
Shares outstanding (crore)1.27
Ownership
Promoter holding56.58% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | IPRINGLTD | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.6% | -2.8% | +1.1 pts |
| 1 month | -19.7% | -6.8% | -12.9 pts |
| 3 months | +74.8% | -7.6% | +82.4 pts |
| 6 months | +91.2% | +0.4% | +90.8 pts |
| 1 year | +299.9% | -9.9% | +309.8 pts |
| 2 years | +163.6% | -13.6% | +177.2 pts |
| 3 years | +2.9% | +14.2% | -11.2 pts |
| 5 years | +2.9% | +27.9% | -25.0 pts |
Red flags
F-score 7 of 8| explain | Low interest cover Interest cover 1.3x in 2026 |
| look | Profit leans on other income Other income was 130% of pre-tax profit in 2026 |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
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 ₹96 Cr +17.8% vs Jun 2025.
Net profit ₹2 Cr +230.4%.
Activity
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| ZF Commercial Vehicle Control System India Ltd | 26,150 | 53.2 | 19.1 % |
| Asahi India Glass Ltd | 24,421 | 54.7 | 11.5 % |
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No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2014-07-22 | Annual General Meeting | |
| 2013-07-18 | Annual General Meeting | |
| 2012-07-17 | Annual General Meeting/Div Of Re.1/- Per Shares(10%) | |
| 2011-07-19 | Annual General Meeting/Div. Of Rs.3/- Per Share | |
| 2010-07-20 | Annual General Meeting And Dividend Rs.3/- Per Share |
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.
Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1