IC Electricals Company Share Price & Earnings Call Analysis
- Market cap
- ₹204 Cr
- P/E
- 14.59
- ROE
- 24.71%
- Price to sales
- 1.43
- Debt to equity
- 1.19
- 52W high / low
- ₹183 / ₹96.4
- EBITDA margin
- 18.89%
- Net profit margin
- 9.79%
- Promoter holding
- 60.94%
- Sales (last year)
- ₹143 Cr
Incorporated in 2005, IC Electricals Company Limited is engaged in the manufacturing of electronic equipment for railway applications and in providing engineering solutions to Indian Railways[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,185 Cr | 109.0 | |
| 2 | 40%+ | Up 0–2% | ₹486 Cr | 29.9 | |
| 3 | 40%+ | Flat | ₹7,897 Cr | 92.3 | |
| 4 | 40%+ | Flat | ₹3,421 Cr | 74.4 | |
| 5 | 40%+ | Flat | ₹2,461 Cr | 58.4 | |
| 6 | 40%+ | Flat | ₹681 Cr | 40.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of IC Electricals
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
IC Electricals
Shareholding breakup across reporting periods.
| Jul 2026 | |
|---|---|
| Promoters + | 60.94% |
| FIIs + | 2.00% |
| DIIs + | 7.09% |
| Public + | 29.97% |
| No. of Shareholders | 1,082 |
Financials of IC Electricals
Quarterly Results
Quarter-by-quarter operating performance
| Sales + |
| Expenses + |
| Operating Profit |
| OPM % |
| Other Income + |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| Net Profit + |
| EPS in Rs |
Financials of IC Electricals
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Sales + | 99 | 122 | 143 |
| Expenses + | 86 | 102 | 116 |
| Operating Profit | 13 | 20 | 27 |
| OPM % | 13% | 16% | 19% |
| Other Income + | 0 | 0 | 1 |
| Interest | 7 | 7 | 8 |
| Depreciation | 0 | 0 | 1 |
| Profit before tax | 6 | 13 | 19 |
| Tax % | 23% | 25% | 26% |
| Net Profit + | 5 | 9 | 14 |
| EPS in Rs | 11.77 | 6.98 | 10.49 |
| Dividend Payout % | 0% | 0% | 0% |
Financials of IC Electricals
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 4 | 13 | 13 |
| Reserves | 27 | 36 | 50 |
| Borrowings + | 48 | 56 | 75 |
| Other Liabilities + | 65 | 55 | 54 |
| Total Liabilities | 144 | 160 | 193 |
| Fixed Assets + | 3 | 3 | 3 |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets + | 141 | 157 | 190 |
| Total Assets | 144 | 160 | 193 |
Financials of IC Electricals
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | -1 | -10 | -11 |
| Cash from Investing Activity + | 0 | -0 | -1 |
| Cash from Financing Activity + | 2 | 10 | 12 |
| Net Cash Flow | 0 | 0 | -0 |
| Free Cash Flow | -2 | -10 | -12 |
| CFO/OP | -3% | -41% | -30% |
Financials of IC Electricals
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 132 | 83 | 90 |
| Inventory Days | 429 | 389 | 436 |
| Days Payable | 295 | 164 | 173 |
| Cash Conversion Cycle | 266 | 308 | 354 |
| Working Capital Days | 90 | 135 | 148 |
| ROCE % | 21% | 22% |
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