505737

Intl. Combustion financials

Market cap
₹118 Cr
Sector
Capital Goods

What Intl. Combustion does

International Combustion (India) Limited manufactures capital equipment for core-sector industries such as steel, cement, fertilizer, chemical, mining and infrastructure, through its Heavy Engineering Division (grinding mills, screening & feeding equipment, conveyors, bulk material handling equipment, sizers, crushers, dryers) and its Geared Motors/Gear Box Division (industrial gear boxes and geared motors). It also runs a Building Material Division set up at Ajmer, Rajasthan that produces tile adhesives, grouts and waterproofing compounds for the construction industry. Many of its product lines are manufactured under long-standing foreign technical collaborations with specialist equipment makers in Germany, the USA, South Africa, Austria, Brazil and Spain.

Segments

  • Heavy Engineering Division
  • Geared Motors / Gear Box Division
  • Building Material Division
Manufacturing divisions
3 (Heavy Engineering, Geared Motors/Gear Box, Building Material)
Manufacturing plants
Baidyabati & Nagpur (Heavy Engineering), Ajmer (Building Material)
Branch/sales offices
13 across India (Ajmer, Aurangabad, Bengaluru, Chennai, Hyderabad, Jamshedpur, Kolkata, Nagpur, Noida, Pune, Raipur, Thane, Vadodara)
Foreign technical collaborations
10 collaborators across Germany, USA, South Africa, Austria, Brazil and Spain
Core-sector industries served
Steel, Cement, Fertilizer, Chemical, Mining, Infrastructure
Operating since
1936 (incorporated 22 April 1936)
Founded 1936Headquarters Kolkata, West Bengal Company website

Quarterly results

Q1 FY27: revenue up 10.1%, net profit down 329.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue64 83 87 60 75 +18%72 −13%86 −1%66 +10%
EBITDA3 9 7 1 2 −19%-0 −106%3 −54%-3 −290%
Net profit0 6 7 -1 0 −43%-3 −143%1 −84%-4 −329%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −38.8% 1Y

₹400₹500₹600₹700₹800Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹803.55 on 10 Sept 2025 → ₹492.05. High ₹831 (22 Sept 2025), low ₹365.7 (27 Mar 2026).

Financials, as filed

Revenue grew 9.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 2.2%.

Year endingFY23FY24FY25FY26
Revenue₹223 Cr₹297 Cr₹293 Cr₹293 Cr
Operating profit₹17 Cr₹38 Cr₹23 Cr₹6 Cr
Operating margin7.8%12.9%8.0%2.2%
Interest₹2 Cr₹3 Cr₹5 Cr₹3 Cr
Depreciation₹4 Cr₹5 Cr₹6 Cr₹7 Cr
Net profit₹8 Cr₹20 Cr₹15 Cr₹-2 Cr
Net margin3.7%6.7%5.1%-0.8%
Cash from operations₹5 Cr₹6 Cr₹12 Cr₹23 Cr
Free cash flow₹-5 Cr₹-15 Cr₹7 Cr₹16 Cr
ROCE13.0%26.0%12.0%0.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr
Reserves₹87 Cr₹92 Cr₹99 Cr₹118 Cr₹129 Cr₹128 Cr
Borrowings₹14 Cr₹9 Cr₹13 Cr₹31 Cr₹21 Cr₹27 Cr
Other liabilities₹39 Cr₹46 Cr₹55 Cr₹72 Cr₹69 Cr₹76 Cr
Total liabilities₹142 Cr₹149 Cr₹169 Cr₹223 Cr₹221 Cr₹234 Cr
Fixed assets₹42 Cr₹39 Cr₹39 Cr₹57 Cr₹59 Cr₹59 Cr
Capital work in progress₹0 Cr₹0 Cr₹4 Cr₹3 Cr₹1 Cr₹1 Cr
Investments₹15 Cr₹11 Cr₹11 Cr₹9 Cr₹13 Cr₹13 Cr
Other assets₹86 Cr₹98 Cr₹115 Cr₹154 Cr₹149 Cr₹162 Cr
Total assets₹142 Cr₹149 Cr₹169 Cr₹223 Cr₹221 Cr₹234 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 9% to 7,697.

Promoters
52.9%
DIIs
0.0%
Public
47.1%

Since Jun 2025

  • Public +0.02 pp
  • Promoters 0.00 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Dec '23: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Mar '24: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Jun '24: Promoters 52.9%, DIIs 0.6%, Public 46.5%.Sep '24: Promoters 52.9%, DIIs 0.6%, Public 46.5%.Dec '24: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Mar '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Jun '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Sep '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Dec '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Mar '26: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Jun '26: Promoters 52.9%, DIIs 0.0%, Public 47.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Intl. Combustion above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Tradelink Securities Limited 14.38%unchanged
Stephen Court Ltd. 11.68%unchanged
Woolworth Merchandise Pvt Ltd 7.14%unchanged
Primestar Exim Pvt. Ltd. 3.85%unchanged
Mahadeo Jute And Industries Ltd. 3.59%unchanged
Amulyanidhi India Ltd. 3.43%unchanged
Amravati Eximp Limited 2.61%unchanged
Sanjay Bagaria 1.92%unchanged
Purnima Bagaria 1.66%unchanged
Investor Education And Protection Fund Authority - 2 1.56%newly disclosed
Popatlal Punamchand Shah 1.50%+0.16 pp
Shiva Prasad Bagaria 1.14%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Intl. Combustion

Guides on how to read this kind of business and the numbers that matter.