Investment & Precision Castings Ltd - Stock Valuation and Financial Performance

BSE: 504786 | NSE: | Castings/Forgings | Small Cap

Invts & Precisn Cast Share Price

669 15.15 2.32%
as on 21-Feb'25 16:59

DeciZen - make an informed investing decision on Invts & Precisn Cast

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Investment & Precision Castings stock performance -
669 89.0015.00% past year

Price Chart, Live Stock Chart, Technical Chart of
P/E Ratio (SA):
68.67
Market Cap:
334.5 Cr.
52-wk low:
484.2
52-wk high:
1,049

Is Investment & Precision Castings Ltd an attractive stock to invest in?

1. Is Investment & Precision Castings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Investment & Precision Castings Ltd is a average quality company.

2. Is Investment & Precision Castings Ltd undervalued or overvalued?

The key valuation ratios of Investment & Precision Castings Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Investment & Precision Castings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Investment & Precision Castings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Invts & Precisn Cast:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Investment & Precision Castings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE %
9.3%10.5%11.7%16.5%12.4%4.2%4.9%4.8%10.5%12.4%-
Value Creation
Index
-0.3-0.3-0.20.2-0.1-0.7-0.7-0.7-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales
76.784.99210811995.2105132170171160
Sales YoY Gr.
-10.7%8.4%16.9%10.3%-19.8%10%26.2%28.8%0.5%-
Adj EPS
3.65.78.515.619.7-1.50.7-0.610.714.59.7
YoY Gr.
-57.7%48.2%84.9%25.9%-107.4%NA-181.1%NA34.7%-
BVPS (₹)
97.5102.4118.6133.1150146.1146.9146.1157.1171.6179
Adj Net
Profit
1.82.94.27.89.9-0.70.4-0.35.47.25
Cash Flow from Ops.
8.79.49.915.211.910.416.612.911.85.8-
Debt/CF from Ops.
3.53.43.12.64.85.6455.512.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%7.6%17.8%0.5%
Adj EPS 16.6%-6%169.4%34.7%
BVPS6.5%2.7%5.3%9.3%
Share Price 20.7% 25.5% 38.5% 13.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
3.85.77.712.413.9-10.5-0.47.18.85.6
Op. Profit
Mgn %
14.315.416.219.416.912.112.29.912.714.913.6
Net Profit
Mgn %
2.43.44.67.38.3-0.80.4-0.23.24.23.1
Debt to
Equity
0.60.60.50.60.80.80.90.90.80.9-
Working Cap
Days
196184205205226297282241215235117
Cash Conv.
Cycle
9486958492117113101811086

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.60%

Sales growth is growing at healthy rate in last 3 years 17.77%

Net Profit is growing at healthy rate in last 3 years 169.41%

Debt to equity has declined versus last 3 years average to 0.87

Sales growth is not so good in last 4 quarters at -7.04%

Latest Financials - Investment & Precision Castings Ltd.

Standalone Consolidated
TTM EPS (₹) 9.7 9.7
TTM Sales (₹ Cr.) 160 160
BVPS (₹.) 179 178.6
Reserves (₹ Cr.) 84 84
P/BV 3.74 3.75
PE 68.67 68.86
From the Market
52 Week Low / High (₹) 484.20 / 1049.00
All Time Low / High (₹) 0.69 / 1049.00
Market Cap (₹ Cr.) 335
Equity (₹ Cr.) 5
Face Value (₹) 10
Industry PE 29.5

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 39.1 -10.440.3 -11.441.1 -5.339.2 -1
Adj EPS (₹) 1.4 -75.94.5 -30.73.1 -39.10.8 -71.5
Op. Profit Mgn % 13.33 -430 bps16.99 19 bps13.49 -261 bps10.33 -346 bps
Net Profit Mgn % 1.76 -476 bps5.50 -155 bps3.68 -196 bps0.94 -234 bps

Management X-Ray of Invts & Precisn Cast:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:51.97%Institutions:0.63%Non-Institutions:47.4%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Invts & Precisn Cast

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Invts & Precisn Cast

Adj EPS (Rs.)

Price Chart, Live Stock Chart, Technical Chart of

Sales (Cr.)

Price Chart, Live Stock Chart, Technical Chart of

ROE (%)

Price Chart, Live Stock Chart, Technical Chart of

ROCE (%)

Price Chart, Live Stock Chart, Technical Chart of
Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Electrost Castings 101.3 1.4 (1.4%) Small Cap 6,938 12 10.7 8.4 1.1
Kirloskar Ferrous 497.8 -3.3 (-0.7%) Small Cap 6,134 15.5 5.9 32.2 2.4
Alicon Castalloy 836.2 -8.6 (-1%) Small Cap 1,392 25.5 3.3 33.2 2.5
Nelcast 105.9 0.1 (0.1%) Small Cap 1,267 3.3 2.9 31.9 1.7
Steelcast 814.3 6.5 (0.8%) Small Cap 410 31.7 18.2 25.5 5.4
Synergy Green Inds. 398.5 -2.9 (-0.7%) Small Cap 326 10.5 3.4 38.3 10.2
PTC Industries 10,357.7 -202.6 (-1.9%) Small Cap 247 16.3 8.4 646.2 12
Universal Auto Found 73.7 1.1 (1.6%) Small Cap 202 1.4 2.4 53.1 1.3
Uni Abex Alloy Prod 2,138.5 82.1 (4%) Small Cap 180 123.4 19.4 16.7 3.1
Invts & Precisn Cast 669 15.2 (2.3%) Small Cap 171 9.7 4.2 67.1 3.7
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales77859210811995105132170171
Operating Expenses 66727787998492119148145
Manufacturing Costs45525664816065688479
Material Costs96872914364648
Employee Cost 6788876677
Other Costs 666777881111
Operating Profit 11131521201113132225
Operating Profit Margin (%) 14.1%15.4%16.2%19.4%16.9%12.1%12.2%9.9%12.7%14.9%
Other Income 1000110101
Interest 4444576677
Depreciation 4555677778
Exceptional Items 0000000000
Profit Before Tax 3461210-110811
Tax 1224000024
Profit After Tax 234810-10068
PAT Margin (%) 2.8%3.4%4.6%7.4%8.4%-0.7%0.5%0.1%3.3%4.6%
Adjusted EPS (₹)4.35.78.416.020.0-1.31.00.411.115.6
Dividend Payout Ratio (%)12%12%15%16%10%-7%131%70%9%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 49515967757373737986
Share Capital 5555555555
Reserves 44465462706868687481
Minority Interest0000000000
Debt28292837535559565665
Long Term Debt66612171626241712
Short Term Debt23232126363933324053
Trade Payables711914181824283822
Others Liabilities 8101020171622262829
Total Liabilities 93101106138164162179182201202

Fixed Assets

Gross Block798698115136146160167172180
Accumulated Depreciation38434752586571778391
Net Fixed Assets41445163788189908989
CWIP 5525633000
Investments 0000110000
Inventories14161720323232384848
Trade Receivables18201822201828283636
Cash Equivalents 1111001213
Others Assets13151726262725232625
Total Assets 93101106138164162179182201202

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 99101512101713126
PBT 3461210-110811
Adjustment 8889101212121314
Changes in Working Capital -1-2-3-2-6041-7-18
Tax Paid -1-1-2-3-2-10-1-2-1
Cash Flow From Investing Activity -6-7-5-20-22-6-14-4-6-7
Capex -6-7-5-20-23-6-14-4-7-7
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity -3-3-5510-5-2-9-62
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1000000000
Interest Paid -4-4-3-4-4-6-6-6-6-7
Dividend Paid 000-1-1-10-10-1
Others 00-191624-309
Net Cash Flow 0-1000010-11
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.55.737.6212.6814.09-0.910.650.247.349.5
ROCE (%)9.2910.5211.7216.4612.384.174.854.8210.4912.38
Asset Turnover Ratio0.920.990.890.880.790.580.610.730.890.85
PAT to CFO Conversion(x)4.532.51.881.2N/AN/AN/A20.75
Working Capital Days
Receivable Days77737568667380786977
Inventory Days62586764811221129893103
Payable Days3535384965633,055722556259261228

Investment & Precision Castings Ltd Stock News

Investment & Precision Castings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Invts & Precisn Cast on 21-Feb-2025 16:59 is ₹669.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Feb-2025 16:59 the market cap of Invts & Precisn Cast stood at ₹334.5.
The latest P/E ratio of Invts & Precisn Cast as of 21-Feb-2025 16:59 is 68.67.
The latest P/B ratio of Invts & Precisn Cast as of 21-Feb-2025 16:59 is 3.74.
The 52-week high of Invts & Precisn Cast is ₹1,049 and the 52-week low is ₹484.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Invts & Precisn Cast is ₹159.7 ( Cr.) .

About Investment & Precision Castings Ltd

Investment & Precision Castings Ltd.(IPCL) was the first investment casting foundry in Gujarat formed way back in 1975. There was then only one other small investment casting foundry in the entire country. As a pioneer, IPCL had to struggle a lot to impart customer awareness and create a market for investment castings in India. This process was then unknown to the Indian market. A lot of application engineering efforts were involved in educating industries in India to switch over to investment castings from the traditional forging, sand castings and shell moulded castings.

IPCL is a fully equipped investment casting foundry with conventional machining facilities and state-of-the-art CNC Machine Shop. It supplies fully machined ready to use parts to automotive and other customers.

The company entered into a technical collaboration with Arwood International, USA in June 1975. After its expiry in April 1983, It signed a technical collaboration agreement with Furstlich Hohenzollernsche Huttenverwaltung, (Zollern Group), Germany, who was well known in Europe for Investment Castings. It then signed a technical licence agreement with Associated Foundries Engineering Co Ltd, Japan in December 1987, relating to producing large piece weight investment castings.

With the knowledge and experience gained through the above collaborations, and reinforced by in-house research & development, IPCL is today a technology leader in the industry, handling the widest range of material specifications and piece weights.

Product range of the company includes:

  • Automobile- IPCL caters to top automotive manufacturers in India and abroad. It is the pioneers in manufacturing investment castings in India.
  • Industrial Pumps- IPCL supplies complex and difficult parts to the pumps industry. 
  • Electrical & Instrumentation - IPCL supplies ferrous & non-ferrous investment castings to the electrical and instrumentation industry segment.
  • General Engineering- IPCL also supplies fully finished, machined and treated parts for different segments.

Milestones

  • 2009: Acquired additional 13,038 sq. metres lands for plant expansion
  • 2008: certification under ISO-14001: 2004 & OHSAS - 18001: 2007 from TUV NORD
  • 2007: Re-Certification under ISO/TS 16949 and ISO-9000 from TUV NORD
  • 2006: Acquired additional 20,000 Sq. Mt. lands for plant expansion
  • 2005: Established wind power plant, at Lamba, Dist. Jamnagar
  •  Established state of the art CNC machine shop
  •  Participation in Automotive Engineering Exposition Japan
  • 2004: Re-Certification under ISO/TS 16949 and ISO-9000 from RWTUV
  •   Established Tamboli Castings Ltd. A fully owned subsidiary as a 100% Export Oriented Unit
  •   Strategic alliance with an european foundry
  • 2003: Strategic alliance with a US foundry
  • 2002: Produced first component for BEHR India  100 Kg Piece Weight Castings developed for the first time
  • 2001: 1st time participation in Midest Fair, Paris  
  • • Certification under ISO/TS 16949 
  • • Developed Injected Ceramic Core Technology  
  • • Developed Ceramic Block Mould Process  
  • • 50 Kg Piece Weight Castings developed for the first time  
  • • Export of over Rs  60 million
  • 2000: Strategic alliance with an European foundry
  • 1999: Export of over Rs 30 million
  • 1998: Recertificationfrom under ISO- 9000 RWTUV
  • 1995: Certification under ISO-9002 from RWTUV 
  • • 1st time participation in Hannover Fair, Germany

Achievements/ recognition:

  • The company has the following Quality Systems Certification from RWTUV, Germany: ISO/TS 16949 : 2002 & ISO 9001 : 2000
  • IPCL is a ‘Self-Certified Vendor’ to Maruti Udyog Ltd., a joint venture Company of Suzuki  Motors Co., Japan
  • The company is a recognised Export House by Foreign Trade department.
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