Investment & Precision Castings Limited
NSE: INVPRECQCastings & ForgingsTrade-to-trade true
Share price
₹1,546.50
+1.15% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
60
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,547 Cr
P/E ratio
103.1
P/B ratio
15.0
ROCE
14.4%
ROE
12.4%
Dividend yield
0.1%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 16.9% over the past year, and 12.8% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 7.9% to 18.0% over the last four years.
Whether it grew faster than its sector
It grew 12.8% a year against a sector median of 10.6% — 2.2 percentage points faster.
Room to re-rate, or risk of de-rating
At 101.9× earnings it costs 4.3× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 39.6×, across 5 companies. It is against its own five-year median of 66.1×, the 99th percentile of its own range.
Whether growth justifies the valuation
Priced at 3.4 times its growth rate, on earnings growth of 30%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Investment & Precision Castings Limited — this one | 30%/yr | 101.9× | ₹3.4 |
| PTC Industries Limited | 59%/yr | 293.6× | ₹5.0 |
| AIA Engineering Limited | 7%/yr | 28.0× | ₹4.0 |
| Happy Forgings Limited | 13%/yr | 56.4× | ₹4.3 |
| Balu Forge Industries Limited | 88%/yr | 22.1× | ₹0.25 |
| Steelcast Limited | 7%/yr | 39.6× | ₹5.7 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Castings & Forgings), it ranks 5 of 12 on returns, 3 of 12 on growth, 6 of 12 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 14.4% on capital, ahead of 58% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹76 crore of cash from the business, spent ₹48 crore on plant and equipment, and returned ₹29 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 271 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being paid 5 days before it paid its own suppliers to waiting 26 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 8 checks clear · 88%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 13 Aug 2026 · Consolidated · Unaudited
Revenue
₹53 Cr
Revenue vs last year
+21.1%
Revenue vs last quarter
+5.2%
Net profit
₹5 Cr
Profit vs last year
+129.9%
Profit vs last quarter
+32.3%
Net margin
9.3%
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,547 Cr
- Prev close
- ₹1,546.50
- 52w High
- ₹1,675
- 52w Low
- ₹450
- Enterprise value
- ₹1,615 Cr
- Beta
- 0.7
- Price CAGR 1y
- 240.0%
- Price CAGR 3y
- 87.0%
- Price CAGR 5y
- 60.0%
- Price CAGR 10y
- 34.0%
Ratios
- Return on assets
- 5.5%
- PEG ratio
- 3.5
- P/E ratio
- 103.1
- P/B ratio
- 15.0
- EV / EBITDA
- 45.4
- Industry P/E
- 39.8
- ROCE
- 14.4%
- ROCE 5y average
- 10.2%
- ROE
- 12.4%
- Debt / Equity
- 0.7
- Interest coverage
- 3.8
- Dividend yield
- 0.1%
- ROE 3y average
- 10.0%
- ROE last year
- 13.0%
Annual P&L
- Annual revenue
- ₹188 Cr
- Annual profit
- ₹12 Cr
- Operating margin
- 16.0%
- Net profit margin
- 6.4%
- EBITDA margin
- 16.5%
- Sales growth 3y
- 3.4%
- Sales growth 5y
- 12.4%
- Profit growth 3y
- 30.0%
- Profit growth 5y
- 102.0%
- EPS
- ₹11.8
- Sales growth TTM
- 17.0%
- Profit growth TTM
- 150.0%
- Dividend payout
- 4.0%
Quarter P&L
- Sales latest quarter
- ₹53 Cr
- Profit latest quarter
- ₹5 Cr
- YoY quarterly sales growth
- 21.1%
- YoY quarterly profit growth
- 130.0%
- OPM latest quarter
- 20.7%
Balance Sheet
- Book Value
- ₹103
- Face Value
- ₹10.0
- Total debt
- ₹72 Cr
- Total cash
- ₹4 Cr
- Borrowings
- ₹72 Cr
- Reserves / Equity
- 9.3
Cash Flow
- Operating cash flow
- ₹26 Cr
- Free cash flow
- ₹2 Cr
- FCF yield
- -0.3%
- Net cash flow
- ₹2 Cr
Shareholding
- Promoter holding
- 52.0%
- FII holding
- 0.0%
- DII holding
- —
- Public holding
- 48.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| PTC Industries | 24,685.00 | 294.7 | 37,009 | 0.00 | 29.2 | 465.7 | 191.8 | 97.4 | 8.6 |
| AIA Engineering | 3,858.00 | 28.4 | 36,003 | 0.41 | 301.0 | -1.3 | 1,168.0 | 12.4 | 21.1 |
| Happy Forgings | 1,934.30 | 55.8 | 18,260 | 0.21 | 91.5 | 39.2 | 449.4 | 27.0 | 18.0 |
| Balu Forge | 507.50 | 23.0 | 6,161 | 0.03 | 66.1 | 15.9 | 300.7 | 28.9 | 22.7 |
| Steelcast | 373.30 | 41.7 | 3,778 | 0.46 | 23.7 | 19.3 | 124.8 | 17.0 | 32.3 |
| Amic Forging | 2,537.15 | 96.1 | 2,930 | 0.00 | 15.9 | 23.7 | 75.2 | 30.4 | 25.2 |
| Inv.& Prec.Cast. | 1,594.50 | 106.8 | 1,595 | 0.06 | 5.0 | 129.9 | 53.4 | 21.1 | 14.4 |
| Median | 434.50 | 28.4 | 916 | 0.01 | 4.1 | 4.2 | 71.0 | 11.5 | 15.7 |
Competes with: AIA Engineering Limited, Balu Forge Industries Limited, Ganga Forging Limited, Happy Forgings Limited, Hilton Metal Forging Limited, Kalyani Forge Limited, Nelcast Limited, PTC Industries Limited, Steelcast Limited, Synergy Green Industries Limited, Tirupati Forge Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | 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 | 46 | 45 | 40 | 40 | 41 | 42 | 40 | 43 | 44 | 45 | 47 | 51 | 53 |
| Expenses | 39 | 38 | 35 | 35 | 34 | 36 | 36 | 36 | 38 | 38 | 39 | 42 | 42 |
| Material Cost | 17 | ||||||||||||
| Change in Inventories | -2.60 | ||||||||||||
| Purchases of Stock-in-Trade | 0 | ||||||||||||
| Employee Cost | 3.39 | ||||||||||||
| Other Expenses | 24 | ||||||||||||
| Operating Profit | 7.63 | 7 | 5.46 | 5.21 | 6.85 | 5.54 | 4.05 | 6.05 | 6.40 | 7.33 | 7.96 | 9.21 | 11 |
| OPM % | 17 | 16 | 14 | 13 | 17 | 13 | 10 | 14 | 15 | 16 | 17 | 18 | 21 |
| Other Income | 0.56 | 0.13 | 0.23 | 0.19 | 0.08 | 0.30 | 0.19 | 0.17 | 0.22 | 0.44 | -0.24 | 0.28 | 0.15 |
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 1.79 | 1.69 | 1.57 | 2.07 | 1.71 | 1.73 | 1.66 | 1.63 | 1.59 | 1.44 | 1.48 | 1.67 | 1.72 |
| Depreciation | 1.86 | 1.96 | 2 | 2 | 2 | 2.04 | 2.06 | 2.03 | 2.02 | 2.07 | 2.11 | 2.32 | 2.39 |
| Profit before tax | 4.54 | 3.48 | 2.12 | 1.33 | 3.22 | 2.07 | 0.52 | 2.56 | 3.01 | 4.26 | 4.13 | 5.50 | 7.10 |
| Tax % | 28 | 27 | 38 | 48 | 30 | 26 | 31 | 26 | 28 | 29 | 33 | 32 | 30 |
| Net Profit | 3.26 | 2.53 | 1.31 | 0.70 | 2.26 | 1.54 | 0.37 | 1.90 | 2.17 | 3.03 | 2.79 | 3.77 | 4.99 |
| EPS in Rs | 3.26 | 2.53 | 1.31 | 0.70 | 2.26 | 1.54 | 0.37 | 1.90 | 2.17 | 3.03 | 2.79 | 3.77 | 4.99 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 77 | 85 | 92 | 108 | 119 | 95 | 105 | 132 | 170 | 171 | 165 | 188 | 196 |
| Expenses | 66 | 72 | 77 | 87 | 99 | 84 | 92 | 119 | 148 | 146 | 142 | 157 | 161 |
| Operating Profit | 11 | 13 | 15 | 21 | 20 | 11 | 13 | 13 | 22 | 25 | 23 | 31 | 36 |
| OPM % | 14 | 15 | 16 | 19 | 17 | 12 | 12 | 10 | 13 | 15 | 14 | 16 | 18 |
| Other Income | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 |
| Interest | 4 | 4 | 4 | 4 | 5 | 7 | 6 | 6 | 7 | 7 | 6.72 | 6 | 6 |
| Depreciation | 4 | 5 | 5 | 5 | 6 | 7 | 7 | 7 | 7 | 7.82 | 8.13 | 9 | 9 |
| Profit before tax | 3 | 4 | 6 | 12 | 10 | -1 | 1 | 0 | 8 | 11 | 8.38 | 17 | 21 |
| Tax % | 31 | 36 | 33 | 34 | -4 | -33 | 28 | 26 | 28 | 32 | 28 | 30 | |
| Net Profit | 2 | 3 | 4 | 8 | 10 | -1 | 0 | 0 | 6 | 7.79 | 6.06 | 12 | 15 |
| EPS in Rs | 2.14 | 2.83 | 4.17 | 7.94 | 9.93 | -0.72 | 0.42 | 0.17 | 5.56 | 7.79 | 6.06 | 12 | 15 |
| Dividend Payout % | 12 | 12 | 15 | 16 | 10 | -7 | 149 | 74 | 9 | 6 | 4 | 4 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 8%
- 5 years
- 12%
- 3 years
- 3%
- TTM
- 17%
Compounded profit growth
- 10 years
- 16%
- 5 years
- 102%
- 3 years
- 30%
- TTM
- 150%
Stock price CAGR
- 10 years
- 34%
- 5 years
- 60%
- 3 years
- 87%
- 1 year
- 240%
Return on equity
- 10 years
- 7%
- 5 years
- 7%
- 3 years
- 10%
- Last year
- 13%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 10 |
| Reserves | 44 | 46 | 54 | 62 | 70 | 68 | 68 | 68 | 73 | 81 | 86 | 93 |
| Borrowings | 31 | 32 | 31 | 40 | 57 | 58 | 67 | 65 | 65 | 74 | 64 | 72 |
| Other Liabilities | 13 | 18 | 16 | 23 | 31 | 30 | 38 | 44 | 58 | 42 | 39 | 42 |
| Total Liabilities | 93 | 100 | 106 | 130 | 164 | 162 | 178 | 182 | 201 | 202 | 195 | 217 |
| Fixed Assets | 41 | 44 | 51 | 63 | 79 | 82 | 90 | 90 | 89 | 89 | 85 | 101 |
| CWIP | 6 | 5 | 2 | 6 | 7 | 3 | 3 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 46 | 52 | 53 | 62 | 78 | 77 | 86 | 92 | 111 | 113 | 109 | 114 |
| Total Assets | 93 | 100 | 106 | 130 | 164 | 162 | 178 | 182 | 201 | 202 | 195 | 217 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | 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 | 9 | 9 | 10 | 15 | 12 | 10 | 16 | 13 | 12 | 6 | 19 | 26 |
| Cash from Investing Activity | -6 | -6 | -5 | -20 | -22 | -6 | -13 | -4 | -6 | -7 | -4 | -24 |
| Cash from Financing Activity | -3 | -3 | -5 | 5 | 10 | -5 | -2 | -9 | -6 | 2 | -16 | -0 |
| Net Cash Flow | -0 | -1 | 0 | 0 | -0 | 0 | 1 | -0 | -1 | 1 | -1 | 2 |
| Free Cash Flow | 3 | 3 | 5 | -5 | -11 | 4 | 3 | 8 | 5 | -2 | 15 | 2 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | 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 | 85 | 87 | 70 | 76 | 63 | 68 | 98 | 79 | 77 | 78 | 92 | 76 |
| Inventory Days | 575 | 974 | 830 | 993 | 1,276 | 874 | 387 | 381 | 364 | 379 | 370 | |
| Days Payable | 299 | 643 | 451 | 658 | 703 | 634 | 279 | 302 | 169 | 212 | 201 | |
| Cash Conversion Cycle | 361 | 418 | 449 | 411 | 63 | 641 | 338 | 187 | 156 | 272 | 259 | 245 |
| Working Capital Days | 28 | 27 | 42 | 29 | 8 | -18 | 1 | -5 | -4 | 4 | 20 | 26 |
| ROCE % | 9 | 11 | 12 | 16 | 12 | 4 | 5 | 5 | 10 | 12 | 10 | 14 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
68.00inr_cr
2026-03-31
News
News and filings about Investment & Precision Castings Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Carbon steel
- Cobalt-base alloys
- Colloidal silica slurry
- Ethyl silicate slurry
- Ferro alloys
- Metal scrap
- Nickel-base superalloys
- Stainless steel
Depends on the price of
- aluminium
- copper
- fuel
- steel
Sells to
- Ashok Leyland · automotive / turbocharger castings (OEM)
- Bajaj Auto · automotive investment castings (OEM)
- Bharat Heavy Electricals · turbine investment castings
- Endress+Hauser · instrumentation castings
- GTRE / DRDO, Ministry of Defence · aerospace & defence vacuum castings (superalloys)
- Ksb Limited · pump & valve investment castings
- MKU Limited · defence castings
- Mahindra & Mahindra · automotive investment castings (OEM)
- Maruti Suzuki India · automotive investment castings (OEM)
- Tata Motors Limited · automotive investment castings (OEM)
- Tata Motors Passenger Vehicles Limited · automotive investment castings (OEM)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Castings & Forgings
- Classification
- Capital Goods › Castings & Forgings
- ISIN
- INE155E01016
Plants
- IPCL Investment Castings Works (Plants 1-3), Nari Road
- IPCL Wind Turbine Generators (captive)
News impact
Big market events that reach Investment & Precision Castings Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 6 Aug 2026 | unspecified | ₹1 |
|---|
Documents
Annual reports, results presentations and earnings calls, straight from the source.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.