International Combustion (India)
Capital Goods
505737 BSE
₹393.35
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹393.35 −321.35 −45.0% 1Y
Start ₹714.70
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 0.48%
- Debt to Equity
- 0.21
- EPS (TTM)
- −₹22.76
- Book Value
- ₹547.01
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.72
- ROE
- −1.41%
- Dividend Yield
- 1.02%
- EBITDA
- ₹4.50 Cr
- 52W High
- ₹774.50
- 52W Low
- ₹346.00
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
52 Average
Data confidence 91/100
Category scores
- Quality
- 46
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 85
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 38
- Weak
- Sales & profit trajectory 9% weight
- Financial Health
- 33
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 20
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.72 times its book value
Weaknesses
2- Company has low interest coverage ratio.
- Company has a low return on equity of 8.14% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 7 | 1 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Neutral
Bearish
1
Neutral
7
Bullish
1
Overall
Strong Bearish
Bearish
11
Neutral
7
Bullish
1
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 33.60
- Neutral
- MACD (12,26,9)
- −15.58
- Bullish
- SMA (50)
- 452.70
- Bearish
- SMA (200)
- 490.82
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +12.16% |
|---|---|
| 5Y | +21.65% |
| 3Y | +9.53% |
| 1Y | 0.00% |
| TTM | +2.08% |
Net profit
| 10Y | Loss widened by ₹1 Cr |
|---|---|
| 5Y | Loss narrowed by ₹3 Cr |
| 3Y | Turned to loss |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | +15.90% |
| 3Y | +66.31% |
| 1Y | +91.67% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +0.97 pp |
|---|---|
| 5Y | +2.96 pp |
| 3Y | −5.57 pp |
| 1Y | −5.80 pp |
| TTM | −5.99 pp |
Revenue by year
| Mar 2017 | ₹109 Cr |
|---|---|
| Mar 2018 | ₹108 Cr |
| Mar 2019 | ₹134 Cr |
| Mar 2020 | ₹124 Cr |
| Mar 2021 | ₹110 Cr |
| Mar 2022 | ₹169 Cr |
| Mar 2023 | ₹223 Cr |
| Mar 2024 | ₹297 Cr |
| Mar 2025 | ₹293 Cr |
| Mar 2026 | ₹293 Cr |
Net profit by year
| Mar 2017 | ₹2.00 Cr |
|---|---|
| Mar 2018 | −₹2.00 Cr |
| Mar 2019 | ₹4.00 Cr |
| Mar 2020 | −₹2.00 Cr |
| Mar 2021 | −₹5.00 Cr |
| Mar 2022 | ₹4.00 Cr |
| Mar 2023 | ₹8.00 Cr |
| Mar 2024 | ₹20.00 Cr |
| Mar 2025 | ₹15.00 Cr |
| Mar 2026 | −₹2.00 Cr |
Quarterly Results
₹ Cr| Particulars | 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 | 68.8 | 73.35 | 73.36 | 81.27 | 59.53 | 63.83 | 82.79 | 86.83 | 59.89 | 75.33 | 72.19 | 86 | 65.91 |
| Expenses | 57.8 | 63.95 | 63.28 | 73.43 | 54.7 | 61.1 | 73.98 | 79.76 | 58.55 | 73.11 | 72.68 | 82.76 | 68.45 |
| Operating Profit | 11 | 9.4 | 10.08 | 7.84 | 4.83 | 2.73 | 8.81 | 7.07 | 1.34 | 2.22 | −0.49 | 3.24 | −2.54 |
| OPM % | 15.99% | 12.82% | 13.74% | 9.65% | 8.11% | 4.28% | 10.64% | 8.14% | 2.24% | 2.95% | −0.68% | 3.77% | −3.85% |
| Other Income | 0.32 | 0.26 | 0.17 | 1.1 | 0.34 | 0.4 | 2.77 | 0.37 | 0.43 | 0.24 | 0.39 | −0.31 | 0.57 |
| Interest | 0.84 | 0.84 | 0.77 | 0.66 | 1.57 | 1.3 | 1.22 | 0.91 | 1.04 | 0.7 | 0.77 | 0.96 | 0.83 |
| Depreciation | 1.09 | 1.23 | 1.26 | 1.4 | 1.48 | 1.57 | 1.61 | 1.7 | 1.66 | 1.63 | 1.73 | 1.77 | 1.67 |
| PBT | 9.39 | 7.59 | 8.22 | 6.88 | 2.12 | 0.26 | 8.75 | 4.83 | −0.93 | 0.13 | −2.6 | 0.2 | −4.47 |
| Tax % | 39.08% | 33.86% | 32.85% | 46.22% | 16.51% | 19.23% | 29.49% | −40.58% | 0% | 15.38% | 2.31% | −440% | −10.74% |
| Net Profit | 5.72 | 5.02 | 5.51 | 3.7 | 1.77 | 0.21 | 6.17 | 6.79 | −0.93 | 0.12 | −2.65 | 1.08 | −3.99 |
| EPS (₹) | 23.93 | 21 | 23.05 | 15.48 | 7.4 | 0.88 | 25.81 | 28.41 | −3.89 | 0.5 | −11.09 | 4.52 | −16.69 |
Profit & Loss
₹ Cr| Particulars | 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 | 89 | 93 | 109 | 108 | 134 | 124 | 110 | 169 | 223 | 297 | 293 | 293 | 299 |
| Expenses | 85 | 92 | 105 | 105 | 124 | 121 | 111 | 158 | 205 | 258 | 270 | 287 | 297 |
| Operating Profit | 4 | 1 | 3 | 3 | 10 | 3 | −1 | 11 | 17 | 38 | 23 | 6 | 2 |
| OPM % | 4.4% | 1.5% | 3.1% | 2.5% | 7% | 2.1% | −1.2% | 6% | 8% | 13% | 8% | 2.1% | 0.8% |
| Other Income | 2 | 2 | 8 | 3 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 1 | 1 |
| Interest | 1 | 1 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 3 | 5 | 3 | 3 |
| Depreciation | 5 | 4 | 5 | 5 | 5 | 5 | 4 | 5 | 4 | 5 | 6 | 7 | 7 |
| PBT | 1 | −2 | 3 | −4 | 4 | −3 | −7 | 5 | 12 | 32 | 16 | −3 | −7 |
| Tax % | −56% | −71% | 21% | −35% | 14% | −41% | −22% | 21% | 31% | 38% | 9% | −25% | — |
| Net Profit | 1 | −1 | 2 | −2 | 4 | −2 | −5 | 4 | 8 | 20 | 15 | −2 | −5 |
| EPS (₹) | 4.1 | −2.13 | 8.95 | −9.83 | 14.89 | −7.82 | −21.63 | 17.36 | 34.77 | 83.46 | 62.54 | −10 | −22.76 |
| Div. Payout % | 37% | 0% | 0% | 0% | 7% | 0% | 0% | 12% | 9% | 6% | 6% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 90 | 89 | 94 | 92 | 95 | 92 | 87 | 92 | 99 | 118 | 131 | 128 |
| Borrowings | 13 | 35 | 35 | 28 | 23 | 26 | 14 | 9 | 13 | 31 | 33 | 27 |
| Other Liabilities | 31 | 25 | 32 | 36 | 41 | 39 | 39 | 46 | 55 | 72 | 64 | 76 |
| Total Liabilities | 136 | 152 | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 230 | 234 |
| Fixed Assets | 28 | 39 | 50 | 47 | 44 | 45 | 42 | 39 | 39 | 57 | 60 | 59 |
| CWIP | 1 | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 3 | 0 | 1 |
| Investments | 26 | 25 | 31 | 25 | 22 | 18 | 15 | 11 | 11 | 9 | 12 | 13 |
| Other Assets | 81 | 82 | 83 | 86 | 95 | 96 | 86 | 98 | 115 | 154 | 158 | 162 |
| Total Assets | 136 | 152 | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 230 | 234 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −3 | −6 | 11 | 7 | 5 | −4 | 11 | 8 | 5 | 6 | 12 | 23 |
| Investing | −6 | −15 | −8 | 4 | 3 | 5 | 3 | 1 | −9 | −19 | −8 | −12 |
| Financing | 9 | 21 | −4 | −11 | −8 | 0 | −14 | −7 | 2 | 14 | −5 | −10 |
| Net Cash Flow | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 3 | −3 | 1 | 0 | 0 |
| Free Cash Flow | −9 | −23 | 1 | 3 | 4 | −10 | 10 | 6 | −5 | −15 | 7 | 16 |
| CFO/EBITDA | −81 | −429 | 329 | 272 | 55 | −97 | −829 | 89 | 40 | 30 | 71 | 385 |
Ratios
| Particulars | 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 | 161 | 162 | 130 | 131 | 111 | 113 | 97 | 77 | 76 | 83 | 90 | 85 |
| Inventory Days | 302 | 245 | 258 | 255 | 229 | 300 | 287 | 189 | 164 | 166 | 155 | 150 |
| Days Payable | 151 | 107 | 148 | 167 | 149 | 160 | 167 | 115 | 103 | 106 | 94 | 111 |
| Cash Conversion Cycle | 313 | 301 | 239 | 220 | 191 | 254 | 217 | 151 | 137 | 143 | 152 | 125 |
| Working Capital Days | 174 | 167 | 97 | 96 | 83 | 82 | 91 | 76 | 65 | 65 | 71 | 55 |
| ROCE % | 0% | −2% | 5% | 0% | 6% | 0% | −4% | 7% | 13% | 26% | 12% | 0% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view International Combustion insights
65 extracted metrics across FY10–FY27.
Documents
- 30 Jul 2026
- 2 Sep 2026
- 5 Feb 2026
- 18 Nov 2024
- 20 Sep 2024
- 7 Aug 2024
- General announcements 9 Oct 2026
Frequently Asked Questions about International Combustion (India)
What does International Combustion (India) Ltd do?
Incorporated in 1936, International Combustion (India) Ltd manufactures and supply Heavy Engineering Equipment, Geared Motors and Gear Boxes and Dry Mix Mortars
Where is International Combustion (India) Ltd (INTLCOMBQ) listed?
International Combustion (India) Ltd trades under code 505737 on the BSE.
Which sector does International Combustion (India) Ltd belong to?
International Combustion (India) Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the 52-week high and low of International Combustion (India) Ltd?
Over the last 52 weeks International Combustion (India) Ltd has traded between ₹346 and ₹774.5 as of 4 Nov 2026.
Does International Combustion (India) Ltd pay dividends?
International Combustion (India) Ltd has a dividend yield of 1.02%.
What is the Return on Equity (ROE) of International Combustion (India) Ltd?
International Combustion (India) Ltd reported a return on equity of -1.41%. Its debt-to-equity ratio is 0.21.
Company Information
Incorporated in 1936, International Combustion (India) Ltd manufactures and supply Heavy Engineering Equipment, Geared Motors and Gear Boxes and Dry Mix Mortars
Website internationalcombustion.in
Face Value ₹10
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