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IP Rings Ltd

Company details

109.15
113.80
91.50
146.40
6M Return -17.48%
1Y Return -19.30%
Mkt Cap.(Cr) 141.21
Volume 306
Div Yield 1.79%
OI
-
OI Chg %
-
Volume 306

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 111.84 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,728.09 -29,609.20
LAST 3M 42,048.80 -31,382.80
LAST 6M 65,127.04 16,114.05
LAST 12M 194,271.06 -118,498.61

INFORMATION

Stock PE (TTM)

20.67

Promoter Holding

56.58%

Book Value

88.8465

ROCE

9.3%

ROE

7.33%

Description

  • I P Rings Ltd., a part of Chennai based Amalgamation Group is into manufacture of piston rings. Nippon Piston Rings, Japan. is the collaborator of the company. IP Rings was incorporated in Jan.`91 and went public in May `92. The proceeds from this public issue is used to part-finance its project to manufacture piston rings in collaboration with Nippon Piston Rings, Japan. The company has an installed capacity to produce 75 lakh piston rings per annum and markets it under the brand name IPL-Powerpack. It products are used in mopeds, motorcycles, scooters, three-wheelers, cars, commercial vehicles, tractors, compressors and industrial engines. In 1994-95, the company commissioned its gas nitriding facility and capacity increased from 20 lac to 30 lac rings pa. It also entered into a new collaboration with Nippon Piston Rings, Japan, to manufacture Nifflex-S three-piece oil rings. Facilities for these rings, S G iron rings and cast iron rings was set up, which involved a substantial capital outlay. During 1995-96, the company issued 3,52,100 equity shares of Rs 10 each on preferential basis priced at Rs 157 per share to Nippon Piston RingCo. Ltd., Japan. The company has also issued 3,65,100 convertible warrants on preferential basis to the promoter companies on the basis of 1 equity share of Rs 10 each for every warrant to be converted atRs 157 per share. Companys new line for manufacturing two-wheelers rings will be going into production shortly and will start to contribute to the companys sales performance. The company was awarded with prestigious QS 9000 accrediation by TUV India, a member of RWTUV Group, Germany during 1999-2000 and has secured its frontline position in the O.E by its concentrated effort to strengthen and upgrade its quality manegement.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 523638
NSE Code : IPRINGLTD
Book Closure Date (Month) : Jul
BSE Group : X
ISIN : INE558A01019

ICICIdirect IP Rings Ltd FAQ

You can buy IP Rings Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy IP Rings Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 08, 2023 04:01 PM the closing price of IP Rings Ltd was ₹ 111.40.
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 Feb 08, 2023 04:01 PM, the market cap of IP Rings Ltd stood at ₹ 141.21.
The latest PE ratio of IP Rings Ltd as of Feb 08, 2023 04:01 PM is 20.67
The latest PB ratio of IP Rings Ltd as of Feb 08, 2023 04:01 PM is 0.80
The 52-week high of IP Rings Ltd is ₹ 146.40 while the 52-week low is ₹ 91.50

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