Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹1.36 (vs ₹3.49 loss in FY 2025) Full year 2026 results: EPS: ₹1.36 (up from ₹3.49 loss in FY 2025). Revenue: ₹3.43b (up 13% from FY 2025). Net income: ₹17.2m (up ₹61.5m from FY 2025). Profit margin: 0.5% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Annonce • Apr 08
IP Rings Limited to Report Q4, 2026 Results on May 29, 2026 IP Rings Limited announced that they will report Q4, 2026 results on May 29, 2026 New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.40b market cap, or US$15.2m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.09 (vs ₹3.10 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.09 (up from ₹3.10 loss in 3Q 2025). Revenue: ₹865.3m (up 50% from 3Q 2025). Net income: ₹1.14m (up ₹40.5m from 3Q 2025). Profit margin: 0.1% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • Jan 07
IP Rings Limited to Report Q3, 2026 Results on Feb 12, 2026 IP Rings Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.24 (vs ₹0.76 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹0.24 (up from ₹0.76 loss in 2Q 2025). Revenue: ₹849.1m (up 7.1% from 2Q 2025). Net income: ₹3.07m (up ₹12.7m from 2Q 2025). Profit margin: 0.4% (up from net loss in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Annonce • Oct 09
IP Rings Limited to Report Q2, 2026 Results on Nov 14, 2025 IP Rings Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₹1.95b market cap, or US$22.1m). Reported Earnings • Jul 30
Full year 2025 earnings released: ₹3.49 loss per share (vs ₹2.55 loss in FY 2024) Full year 2025 results: ₹3.49 loss per share (further deteriorated from ₹2.55 loss in FY 2024). Revenue: ₹3.03b (down 4.2% from FY 2024). Net loss: ₹44.3m (loss widened 37% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Annonce • Jul 29
IP Rings Limited, Annual General Meeting, Aug 21, 2025 IP Rings Limited, Annual General Meeting, Aug 21, 2025, at 11:30 Indian Standard Time. Annonce • Jul 02
IP Rings Limited to Report Q1, 2026 Results on Aug 12, 2025 IP Rings Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 31
Full year 2025 earnings released: ₹3.49 loss per share (vs ₹2.55 loss in FY 2024) Full year 2025 results: ₹3.49 loss per share (further deteriorated from ₹2.55 loss in FY 2024). Revenue: ₹3.06b (down 3.4% from FY 2024). Net loss: ₹44.3m (loss widened 37% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Annonce • Apr 08
IP Rings Limited to Report Q4, 2025 Results on May 29, 2025 IP Rings Limited announced that they will report Q4, 2025 results on May 29, 2025 New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹1.66b market cap, or US$19.0m). Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹3.10 loss per share (vs ₹0.71 loss in 3Q 2024) Third quarter 2025 results: ₹3.10 loss per share (further deteriorated from ₹0.71 loss in 3Q 2024). Revenue: ₹579.9m (down 22% from 3Q 2024). Net loss: ₹39.3m (loss widened 335% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Annonce • Jan 02
IP Rings Limited to Report Q3, 2025 Results on Feb 12, 2025 IP Rings Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Annonce • Dec 06
IP Rings Limited Announces Resignation of J.V. Sivaprasad as Senior Vice President - Operations & Manufacturing IP Rings Limited announced that Mr. J.V. Sivaprasad (Senior Vice President - Operations & Manufacturing), a Senior Management Personnel of the Company has tendered his resignation, effective from the close of business hours on December 05, 2024, due to transfer to a group Company. Reported Earnings • Nov 09
Second quarter 2025 earnings released: ₹0.76 loss per share (vs ₹1.64 loss in 2Q 2024) Second quarter 2025 results: ₹0.76 loss per share (improved from ₹1.64 loss in 2Q 2024). Revenue: ₹795.9m (up 2.4% from 2Q 2024). Net loss: ₹9.66m (loss narrowed 54% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. New Risk • Nov 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹2.79b market cap, or US$33.2m). Annonce • Oct 09
IP Rings Limited to Report Q2, 2025 Results on Nov 08, 2024 IP Rings Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Nov 08, 2024 Buy Or Sell Opportunity • Aug 27
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to ₹257. The fair value is estimated to be ₹199, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Meanwhile, the company became loss making. Annonce • Aug 24
IP Rings Limited Approves Board Appointments IP Rings Limited announced at the AGM held on August 22, 2024, approved Appointment of Ms. Anandi Iyer (DIN: 03615357) as an Independent Director for first term, date of appointment: October 01, 2024 to September 30, 2029; Appointment of Mr. Muthalagu Govindarajan (DIN: 09264840) as a Non-Executive Non-Independent Director, date of appointment:August 02, 2024 to August 01, 2026. Ms. Anandi Iyer is an Honors graduate from New Delhi and an MBA from Strathclyde Graduate Business School, UK (First Class
Degree) specializing in Strategy and Business Communication. Anandi Iyer is the Director and Head of the Fraunhofer Gesellschaft, India Office, since the last 15 years. Mr. M. Govindarajan is an Engineer by profession and his qualification details are B.E, M.B.A, M.S. (Technological Operations).He is currently the plant head of the Company and he is currently employed in India Pistons Limited and is associated with the Company for a period of 25 years. Reported Earnings • Aug 01
Full year 2024 earnings released: ₹2.55 loss per share (vs ₹1.32 profit in FY 2023) Full year 2024 results: ₹2.55 loss per share (down from ₹1.32 profit in FY 2023). Revenue: ₹3.17b (down 2.0% from FY 2023). Net loss: ₹32.3m (down 294% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Annonce • Jul 30
IP Rings Limited, Annual General Meeting, Aug 22, 2024 IP Rings Limited, Annual General Meeting, Aug 22, 2024, at 11:30 Indian Standard Time. Annonce • Jul 13
IP Rings Limited to Report Q1, 2025 Results on Aug 12, 2024 IP Rings Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Annonce • Jul 01
IP Rings Limited Announces Executive Changes IP Rings Limited informed that based on the recommendations of the Nomination & Remuneration Committee, approval of the Board, Mr. M. Sathyanarayanan (M.no. 56274) has been as appointed as Company Secretary (CS) and Compliance Officer of the Company effective July 01, 2024 in the place of Mr. Amarnath Tripathy (M.no 29453), who ceases to be Company Secretary and Compliance Officer, effective closure of business hours on July 01, 2024, to pursue his professional aspirations elsewhere. Reported Earnings • May 28
Full year 2024 earnings released: ₹2.55 loss per share (vs ₹1.32 profit in FY 2023) Full year 2024 results: ₹2.55 loss per share (down from ₹1.32 profit in FY 2023). Revenue: ₹3.19b (down 1.3% from FY 2023). Net loss: ₹32.3m (down 294% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹2.54b market cap, or US$30.6m). Annonce • May 18
IP Rings Limited to Report Q4, 2024 Results on May 27, 2024 IP Rings Limited announced that they will report Q4, 2024 results on May 27, 2024 Annonce • Feb 12
IP Rings Limited Announces Resignation of R. Venkataraman as CFO IP Rings Limited at its Board of Directors’ meeting held on February 10, 2024, approved and took note of the resignation of Mr. R. Venkataraman as Chief Financial Officer of the Company with effect from February 10, 2024. Reason for change: To pursue alternate career opportunities. Reported Earnings • Feb 11
Third quarter 2024 earnings released: ₹0.71 loss per share (vs ₹0.02 profit in 3Q 2023) Third quarter 2024 results: ₹0.71 loss per share (down from ₹0.02 profit in 3Q 2023). Revenue: ₹746.4m (down 9.6% from 3Q 2023). Net loss: ₹9.04m (down ₹9.28m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Annonce • Feb 03
IP Rings Limited to Report Q3, 2024 Results on Feb 10, 2024 IP Rings Limited announced that they will report Q3, 2024 results at 3:30 PM, Indian Standard Time on Feb 10, 2024 Buying Opportunity • Jan 09
Now 21% undervalued Over the last 90 days, the stock is up 48%. The fair value is estimated to be ₹262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹2.18b market cap, or US$26.1m). Reported Earnings • Nov 16
Second quarter 2024 earnings released: ₹1.64 loss per share (vs ₹0.63 profit in 2Q 2023) Second quarter 2024 results: ₹1.64 loss per share (down from ₹0.63 profit in 2Q 2023). Revenue: ₹780.3m (down 8.6% from 2Q 2023). Net loss: ₹20.8m (down 359% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annonce • Aug 13
IP Rings Limited Appoints T. Karthik Narayanan as Company Secretary, Compliance Officer and Nodal Officer IP Rings Limited announced that at its board meeting held on August 12, 2023, approved the appointment of Mr. T. Karthik Narayanan as Company Secretary, Compliance Officer and Nodal Officer of the company. Shri T Karthik Narayanan, is an Associate Member of the Institute of Company Secretaries of India. He has around six years of experience in the secretarial function. Annonce • Aug 05
IP Rings Limited to Report Q1, 2024 Results on Aug 12, 2023 IP Rings Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 12, 2023 Upcoming Dividend • Jul 28
Upcoming dividend of ₹1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 04 August 2023. Payment date: 11 September 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.8%). Reported Earnings • Jul 22
Full year 2023 earnings released: EPS: ₹1.32 (vs ₹6.47 in FY 2022) Full year 2023 results: EPS: ₹1.32 (down from ₹6.47 in FY 2022). Revenue: ₹3.23b (up 19% from FY 2022). Net income: ₹16.7m (down 80% from FY 2022). Profit margin: 0.5% (down from 3.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₹1.60b market cap, or US$19.4m). Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹1.32 (vs ₹6.47 in FY 2022) Full year 2023 results: EPS: ₹1.32 (down from ₹6.47 in FY 2022). Revenue: ₹3.27b (up 20% from FY 2022). Net income: ₹16.7m (down 80% from FY 2022). Profit margin: 0.5% (down from 3.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.02 (vs ₹0.27 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.02 (down from ₹0.27 in 3Q 2022). Revenue: ₹838.2m (up 17% from 3Q 2022). Net income: ₹238.0k (down 93% from 3Q 2022). Profit margin: 0% (down from 0.5% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annonce • Jan 25
IP Rings Limited to Report Q3, 2023 Results on Feb 14, 2023 IP Rings Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.63 (vs ₹0.23 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.63 (up from ₹0.23 in 2Q 2022). Revenue: ₹862.2m (up 30% from 2Q 2022). Net income: ₹8.03m (up 178% from 2Q 2022). Profit margin: 0.9% (up from 0.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annonce • Nov 15
IP Rings Limited Appoints K. Premnatha as Company Secretary and Compliance Officer IP Rings Limited announced that at its board meeting held on November 14, 2022, approved the appointment of Mr. K. Premnatha as Company Secretary (CS) and Compliance Officer of the Company. Mr. K. Premnatha is a Fellow Member from The Institute of Company Secretaries of India. He has about 14 years of experience in Secretarial Departments. He has completed Bachelor of Commerce (B.Com), and Master of Business Administration M.B.A. (Finance). Annonce • Nov 05
IP Rings Limited to Report First Half, 2023 Results on Nov 14, 2022 IP Rings Limited announced that they will report first half, 2023 results on Nov 14, 2022 Annonce • Aug 09
IP Rings Limited Announces Resignation of V Anantha Subramanian, Company Secretary and Compliance Officer, Effective October 5, 2022 IP Rings Limited informed that Mr. V Anantha Subramanian, Company Secretary of the Company has tendered his resignation from the post of Company Secretary and Key Managerial Personnel of the Company. The Company has accepted his resignation at the Board meeting held on August 08, 2022 and he shall cease to be the Company Secretary with effect from close of working hours of October 05, 2022. Consequent to his resignation, Mr. V Anantha Subramanian also ceases to be Compliance Officer of the Company. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹135, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 114% over the past three years. Annonce • Jul 30
IP Rings Limited to Report Q1, 2023 Results on Aug 08, 2022 IP Rings Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Annonce • Jul 22
IP Rings Limited Declares Dividend for the Year Ended March 31, 2022 IP Rings Limited at its AGM to be held on August 8, 2022 proposed Dividend of INR 2.00 per Equity Share of the face value of INR 10 each on the paid up Equity Share Capital of the Company as recommended by the Board of Directors be and is hereby declared for the year ended March 31, 2022. Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹6.47 (vs ₹3.92 in FY 2021) Full year 2022 results: EPS: ₹6.47 (up from ₹3.92 in FY 2021). Revenue: ₹2.73b (up 37% from FY 2021). Net income: ₹82.0m (up 65% from FY 2021). Profit margin: 3.0% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Annonce • Jul 19
IP Rings Limited, Annual General Meeting, Aug 08, 2022 IP Rings Limited, Annual General Meeting, Aug 08, 2022, at 12:30 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statements (including consolidated financial statements) of the Company for the year ended on March 31, 2022 together with the Reports of the Directors and the Independent Auditors; to declare a Dividend for the year ended March 31, 2022; and to consider other matter. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹109, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 33% over the past three years. Annonce • May 30
IP Rings Limited Recommends Dividend for the Financial Year Ended March 31, 2022 IP Rings Limited announced that at the board meeting held on May 27, 2022 the Board of Directors have recommended a Dividend of 20% INR 2.00/- per share for the financial year ended March 31, 2022. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹6.47 (vs ₹3.92 in FY 2021) Full year 2022 results: EPS: ₹6.47 (up from ₹3.92 in FY 2021). Revenue: ₹2.75b (up 39% from FY 2021). Net income: ₹82.0m (up 65% from FY 2021). Profit margin: 3.0% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • May 19
IP Rings Limited to Report Fiscal Year 2022 Results on May 27, 2022 IP Rings Limited announced that they will report fiscal year 2022 results on May 27, 2022 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₹110, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 17% over the past three years. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.27 (down from ₹3.29 in 3Q 2021). Revenue: ₹719.5m (up 8.0% from 3Q 2021). Net income: ₹3.47m (down 92% from 3Q 2021). Profit margin: 0.5% (down from 6.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 21% share price gain to ₹132, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 19x in the Auto Components industry in India. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₹126, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 19x in the Auto Components industry in India. Total returns to shareholders of 9.3% over the past three years. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS ₹0.23 (vs ₹1.46 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹664.4m (up 45% from 2Q 2021). Net income: ₹2.89m (down 85% from 2Q 2021). Profit margin: 0.4% (down from 4.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Executive Departure • Aug 04
Non-Executive Director Ramchandran Iyer has left the company On the 29th of July, Ramchandran Iyer's tenure as Non-Executive Director ended after 26.1 years in the role. As of March 2021, Ramchandran still personally held only 1.08k shares (₹82k worth at the time). A total of 3 executives have left over the last 12 months. Upcoming Dividend • Jul 14
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 20 July 2021. Payment date: 28 August 2021. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 09
Full year 2021 earnings released: EPS ₹3.92 (vs ₹0.87 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹1.98b (flat on FY 2020). Net income: ₹49.7m (up 351% from FY 2020). Profit margin: 2.5% (up from 0.6% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 19% share price gain to ₹118, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 28x in the Auto Components industry in India. Total loss to shareholders of 14% over the past three years. Reported Earnings • Jun 23
Full year 2021 earnings released: EPS ₹3.92 (vs ₹0.87 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹1.99b (flat on FY 2020). Net income: ₹49.7m (up 351% from FY 2020). Profit margin: 2.5% (up from 0.6% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 25
New 90-day high: ₹86.20 The company is up 37% from its price of ₹63.00 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 25% over the same period. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS ₹3.29 (vs ₹0.03 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹666.3m (up 43% from 3Q 2020). Net income: ₹41.7m (up ₹41.3m from 3Q 2020). Profit margin: 6.3% (up from 0.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 03
New 90-day high: ₹73.75 The company is up 82% from its price of ₹40.45 on 05 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 33% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₹70.80 The company is up 77% from its price of ₹40.00 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 31% over the same period. Annonce • Jan 08
IP Rings Limited to Report Q3, 2021 Results on Feb 05, 2021 IP Rings Limited announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 08
New 90-day high: ₹68.80 The company is up 45% from its price of ₹47.40 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 24% over the same period. Annonce • Nov 20
IP Rings Limited Announces Change in Directorate The Board of Directors of IP Rings Limited has approved the change of Directorate by appointing Mr. Yoshitaka Ogawa as a Director in the place of Mr. Yoshio Onodera as a Director representing M/s. Nippon Piston Ring Co. Ltd., Japan. Is New 90 Day High Low • Nov 13
New 90-day high: ₹67.45 The company is up 48% from its price of ₹45.50 on 14 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. Reported Earnings • Nov 12
Second quarter 2021 earnings released: EPS ₹1.46 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹463.0m (down 10% from 2Q 2020). Net income: ₹18.6m (up ₹17.0m from 2Q 2020). Profit margin: 4.0% (up from 0.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 15
New 90-day low: ₹37.85 The company is down 18% from its price of ₹46.30 on 17 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 8.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₹39.90 The company is down 19% from its price of ₹49.15 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 8.0% over the same period. Annonce • Aug 17
IP Rings Limited to Report Q1, 2021 Results on Aug 28, 2020 IP Rings Limited announced that they will report Q1, 2021 results on Aug 28, 2020 Annonce • Jun 28
IP Rings Limited to Report Fiscal Year 2020 Results on Jun 29, 2020 IP Rings Limited announced that they will report fiscal year 2020 results on Jun 29, 2020 