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IP Rings Ltd

NSE: IPRINGLTD BSE: 523638

121.95

(0.25%)

Tue, 10 Mar 2026, 11:55 pm

IP Rings Analysis

dividend

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Pros

  • Dividends paid are well covered by earnings (3.1x coverage).
  • IP Rings's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Dividends per share have fallen over the past 10 years.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • IP Rings's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • IP Rings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IP Rings is profitable, therefore cash runway is not a concern.
  • IP Rings is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (45.2%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 1.4x debt.
  • IP Rings's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (130.8% vs 71% today).
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Cons

  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
  • IP Rings's level of debt (71%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the IP Rings board of directors is about average.
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Cons

  • A.'s remuneration is higher than average for companies of similar size in India.
  • A.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

misc

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Pros

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    Cons

    • IP Rings is not covered by any analysts.
    • IP Rings has significant price volatility in the past 3 months.

    past

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    Pros

    • IP Rings has delivered over 20% year on year earnings growth in the past 5 years.
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    Cons

    • IP Rings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • IP Rings used its assets less efficiently than the IN Auto Components industry average last year based on Return on Assets.
    • IP Rings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • IP Rings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • IP Rings's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.

    value

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    Pros

    • IP Rings is good value based on assets compared to the IN Auto Components industry average.
    • IP Rings is good value based on earnings compared to the IN Auto Components industry average.
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    Cons

    • IP Rings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • IP Rings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • IP Rings is overvalued based on earnings compared to the India market.
    • 523638 underperformed the Auto Components industry which returned -22.4% over the past year.
    • 523638 underperformed the Market in India which returned -14.5% over the past year.
    • BSE:523638 is up 3.8% underperforming the Auto Components industry which returned 13.2% over the past month.
    • BSE:523638 is up 3.8% underperforming the market in India which returned 8% over the past month.

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