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NSE:IPRINGLTD

IP RINGS LTD.

Automobile and Auto Components › Auto Components
₹139.90
at close · 28 Oct 2026
▲ 4.90 (+3.63%)

Latest filings

Next results: Fri, 13 Nov · Financial Results
  1. Routine compliance certificate for share dematerialization filed · Compliance
  2. Board meeting on 13 Nov 2026 to approve Q2 and H1 FY27 results · Results
  3. Trading window closed for Q2 and H1 FY27 results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures piston rings, differential gears, pole wheels and transmission components for the automotive industry. In FY26, revenue from operations grew 11% year-on-year to Rs 336.79 crore, and the company swung back to a consolidated net profit of Rs 1.72 crore from a loss in the prior year. The entire business sits under a single "Manufacture of Auto Components" reporting segment. In June 2026, it signed a Business Transfer Agreement to acquire, on a slump sale, the Exhaust After Treatment Systems business of its 50% joint venture IPR Eminox Technologies, which had an FY26 turnover of Rs 39 crore; IP Rings will take on fixed assets of Rs 2.67 crore, working capital of Rs 2.08 crore and bank liabilities of Rs 3.45 crore for a token Rs 1 consideration. In August 2026 it signed a lease to set up an additional manufacturing facility to add production capacity. It operates through a subsidiary, IPR North America Inc., and a joint venture, PREMILEX Technologies. The original technology collaboration with Nippon Piston Ring Co., Ltd. was mutually terminated following NPR's merger with RIKEN in Japan, though IP Rings continues to use the existing NPR technology royalty-free and retains access to future technologies such as PVD coating and advanced oil ring designs. The biggest cost line is raw materials at 33.3% of revenue (Rs 112.05 crore), followed by other operating expenses at 51% (Rs 171.82 crore) and employee costs at 11.6% (Rs 39.22 crore).

Operating scale
Product range
Piston rings, differential gears, pole wheels, transmission components, exhaust after treatment systemsFY26
Capacity expansion
Lease signed August 2026 for an additional manufacturing facilityAug 2026
Acquired business turnover (Exhaust After Treatment Systems)
Rs 39 croreFY26
Capex
Rs 23.12 crore (6.9% of revenue)FY26
Subsidiary
IPR North America Inc.FY26
Joint venture
PREMILEX TechnologiesFY26
Who pays it
Automotive original equipment manufacturers (auto component supplier).
Biggest cost
Raw materials at 33.3% of revenue (Rs 112.05 crore in FY26).
Kind of business
Single-segment, asset-heavy auto component manufacturer exposed to automotive demand cycles.
Where it sits
BSE-listed (Stock Code 523638) auto component maker classified as a non-Large Corporate under SEBI norms, with one subsidiary (IPR North America Inc.) and a joint venture (PREMILEX Technologies).
Market Cap
₹177 Cr
P / E (TTM)
103.6×
EV / EBITDA
8.4×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
8.3%·
ROCE (5y median)
ROE 1.5% (5y median) · margin 10.4%
Leverage
1.16·
Debt / Equity · moderate
Net debt ₹118 Cr
Revenue FY22→FY26
1.2×▲
Margin −2.5 pts
₹273 Cr → ₹337 Cr
Cash conversion
34.00×▲
Operating cash ÷ profit · 5 yrs
₹134 Cr on ₹4 Cr
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#111/119
P/B#28/117
ROCE#110/125
ROE#107/117
Debt / Equity#109/117
EBITDA margin#68/118
Revenue growth#100/113
Profit growth#7/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹3.93 Cr of profit and ₹134 Cr of operating cash — 34.00×
Profit is converting into cash
Concerns
Carries more debt than its peers — 1.16× equity
higher than 93% of its 117 Auto Components & Equipments peers

Charts

How has the market priced it — with filings on the timeline?

IPRINGLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from IP RINGS LTD.'s filed financials and exchange disclosures

What does IP RINGS LTD. do?

IP RINGS LTD. is a Auto Components company listed on NSE and BSE, trading under the symbol IPRINGLTD.

Is IP RINGS LTD. profitable?

Yes. Over the trailing twelve months IP RINGS LTD. reported a net profit of ₹1.72 Cr on revenue of ₹337 Cr.

Does IP RINGS LTD. pay a dividend?

Not in the latest reported year — IP RINGS LTD.'s dividend payout for FY26 was nil.

Is IP RINGS LTD. debt-free?

No. It reported borrowings of ₹120 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹118 Cr after cash. Debt stands at 1.16× equity. That is higher than 93% of its 117 Auto Components & Equipments peers.

Is IP RINGS LTD. expensive compared with its peers?

On trailing P/E, IP RINGS LTD. ranks 111 of 119 in Auto Components & Equipments — cheaper than 7% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

When are IP RINGS LTD.'s next results?

Financial Results on Fri, 13 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track IP RINGS LTD.'s announcements?

Every NSE and BSE filing by IP RINGS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.