IC Electricals Past Earnings Performance

Past criteria checks 4/6

IC Electricals has been growing earnings at an average annual rate of 40.7%, while the Electronic industry saw earnings growing at 29.5% annually. Revenues have been growing at an average rate of 8.4% per year. IC Electricals's return on equity is 22%, and it has net margins of 9.8%.

Key information

40.73%

Earnings growth rate

38.12%

EPS growth rate

Electronic Industry Growth	28.76%
Revenue growth rate	8.38%
Return on equity	22.03%
Net Margin	9.84%
Last Earnings Update	31 Mar 2026

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How IC Electricals makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:ICELCO Revenue, expenses and earnings (INR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 26	1,430	141	141
31 Mar 25	1,219	94	110
31 Mar 24	992	45	115
31 Mar 23	978	17	143
31 Mar 21	945	15	119
31 Mar 20	955	2	153
31 Mar 19	1,224	27	147

Quality Earnings: ICELCO has a high level of non-cash earnings.

Growing Profit Margin: ICELCO's current net profit margins (9.8%) are higher than last year (7.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ICELCO's earnings have grown significantly by 40.7% per year over the past 5 years.

Accelerating Growth: ICELCO's earnings growth over the past year (50.2%) exceeds its 5-year average (40.7% per year).

Earnings vs Industry: ICELCO earnings growth over the past year (50.2%) exceeded the Electronic industry 32.6%.

Return on Equity

High ROE: Whilst ICELCO's Return on Equity (22.03%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/13 08:00
End of Day Share Price	2026/08/13 00:00
Earnings	2026/03/31
Annual Earnings	2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IC Electricals Company Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.