IPRINGLTD
IP Rings financials
- Market cap
- ₹185 Cr
What IP Rings Ltd. does
IP Rings Limited manufactures engine and transmission components for the automobile industry, with its manufacturing plants located in Tamil Nadu. Its export sales are weighted toward the U.S. Light Vehicle Market, and it has been relocating and expanding plant capacity to take on new business from European customers. The company also operates a joint venture, IPR Eminox Technologies Private Limited, with UK-based Eminox Limited, and holds a wholly-owned overseas subsidiary, IPR North America Inc., which had not yet commenced operations as of FY25.
Segments
- Engine & transmission components manufacturing
- IPR Eminox Technologies Pvt Ltd
- Manufacturing plants
- Multiple plants in Tamil Nadu (one plant relocated to a larger facility in FY25 to add capacity for European business)
- Key export market
- U.S. Light Vehicle Market (largest export destination)
- Overseas subsidiary
- IPR North America Inc. (wholly owned; yet to commence operations as of FY25)
- Joint venture
- IPR Eminox Technologies Pvt Ltd — JV with Eminox Limited, UK
- Technical/JV collaboration
- Nippon Piston Ring Co. Ltd., Japan
Quarterly results
Q1 FY27: revenue up 17.8%, net profit up 805.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79 | 58 | 84 | 82 | 84 +6% | 85 +47% | 87 +3% | 96 +18% |
| EBITDA | 6 | 2 | 6 | 7 | 8 +34% | 7 +229% | 7 +10% | 9 +27% |
| Net profit | -1 | -4 | 0 | 0 | 0 +132% | 0 +103% | 1 +232% | 2 +806% |
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 +8.9% YTD
YTD: ₹134 on 17 Aug 2026 → ₹145.87. High ₹176.7 (1 Sept 2026), low ₹134 (17 Aug 2026).
Financials, as filed
Revenue grew 3.1% a year over 2 years, FY24 to FY26. Operating margin widened to 8.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹317 Cr | ₹303 Cr | ₹337 Cr |
| Operating profit | ₹22 Cr | ₹21 Cr | ₹29 Cr |
| Operating margin | 7.1% | 6.9% | 8.5% |
| Interest | ₹11 Cr | ₹12 Cr | ₹14 Cr |
| Depreciation | ₹17 Cr | ₹18 Cr | ₹18 Cr |
| Net profit | ₹-3 Cr | ₹-4 Cr | ₹2 Cr |
| Net margin | -1.0% | -1.5% | 0.5% |
| Cash from operations | ₹35 Cr | ₹19 Cr | ₹8 Cr |
| Free cash flow | ₹35 Cr | ₹20 Cr | ₹9 Cr |
| ROCE | 4.0% | 3.0% | 8.0% |
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 ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹99 Cr | ₹98 Cr | ₹93 Cr | ₹89 Cr | ₹90 Cr |
| Borrowings | ₹113 Cr | ₹101 Cr | ₹87 Cr | ₹111 Cr | ₹123 Cr |
| Other liabilities | ₹75 Cr | ₹104 Cr | ₹114 Cr | ₹101 Cr | ₹97 Cr |
| Total liabilities | ₹301 Cr | ₹316 Cr | ₹307 Cr | ₹314 Cr | ₹323 Cr |
| Fixed assets | ₹154 Cr | ₹154 Cr | ₹146 Cr | ₹149 Cr | ₹151 Cr |
| Capital work in progress | ₹5 Cr | ₹2 Cr | ₹2 Cr | ₹5 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹4 Cr | ₹3 Cr |
| Other assets | ₹142 Cr | ₹159 Cr | ₹158 Cr | ₹156 Cr | ₹165 Cr |
| Total assets | ₹301 Cr | ₹316 Cr | ₹307 Cr | ₹314 Cr | ₹323 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 3% to 5,995.
- Promoters
- 56.6%
- Public
- 43.4%
Since Jun 2025
- Public +0.02 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 56.6%, Public 43.4%.Dec '23: Promoters 56.6%, Public 43.4%.Mar '24: Promoters 56.6%, Public 43.4%.Jun '24: Promoters 56.6%, Public 43.4%.Sep '24: Promoters 56.6%, Public 43.4%.Dec '24: Promoters 56.6%, Public 43.4%.Mar '25: Promoters 56.6%, Public 43.4%.Jun '25: Promoters 56.6%, Public 43.4%.Sep '25: Promoters 56.6%, Public 43.4%.Dec '25: Promoters 56.6%, Public 43.4%.Mar '26: Promoters 56.6%, Public 43.4%.Jun '26: Promoters 56.6%, Public 43.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of IP Rings Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Simpson And Company Ltd | 39.18% | unchanged |
| Tractors And Farm Equipment Limited | 11.36% | unchanged |
| Enam Securities Pvt Ltd | 8.41% | unchanged |
| Nippon Piston Ring Co Ltd | 5.56% | unchanged |
| Amalgamations Private Limited | 5.45% | unchanged |
| Gagandeep Credit Capital Pvt Ltd | 1.93% | unchanged |
| Anvil Fintrade Pvt Ltd | 1.85% | unchanged |
| Govindlal M Parikh | 1.45% | unchanged |
| Mrs. BHAVANI KRISHNAMOORTHY | 1.14% | unchanged |
| India Pistons Limited | 0.55% | unchanged |
| The United Nilgiri Tea Estates Co Ltd | 0.03% | 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 IP Rings Ltd.
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