Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of IP Rings
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 82.54 | 76.32 | 76.24 | 77.74 | 73.92 | 88.82 | 82.09 | 79.28 | 57.80 | 84.21 | 81.52 | 83.74 | 84.99 |
| Expenses + | 76.89 | 71.22 | 72.23 | 72.56 | 68.92 | 80.59 | 75.21 | 73.65 | 55.72 | 77.87 | 74.34 | 76.20 | 78.14 |
| Operating Profit | 5.65 | 5.10 | 4.01 | 5.18 | 5.00 | 8.23 | 6.88 | 5.63 | 2.08 | 6.34 | 7.18 | 7.54 | 6.85 |
| OPM % | 6.85% | 6.68% | 5.26% | 6.66% | 6.76% | 9.27% | 8.38% | 7.10% | 3.60% | 7.53% | 8.81% | 9.00% | 8.06% |
| Other Income + | 1.28 | 0.32 | 1.36 | 0.29 | 0.76 | 0.23 | 0.22 | 0.31 | 0.19 | 1.97 | 0.43 | 1.17 | 1.54 |
| Interest | 2.81 | 3.08 | 3.06 | 2.77 | 2.85 | 2.80 | 2.75 | 2.75 | 2.99 | 3.24 | 3.04 | 3.29 | 3.69 |
| Depreciation | 4.00 | 4.23 | 4.16 | 4.32 | 4.24 | 4.15 | 4.08 | 4.38 | 4.61 | 4.54 | 4.23 | 4.44 | 4.41 |
| Profit before tax | 0.12 | -1.89 | -1.85 | -1.62 | -1.33 | 1.51 | 0.27 | -1.19 | -5.33 | 0.53 | 0.34 | 0.98 | 0.29 |
| Tax % | 83.33% | -29.63% | -37.84% | 28.40% | -32.33% | 39.74% | 51.85% | -19.33% | -26.27% | 35.85% | 50.00% | 69.39% | 62.07% |
| Net Profit + | 0.02 | -1.33 | -1.15 | -2.08 | -0.90 | 0.91 | 0.13 | -0.97 | -3.93 | 0.34 | 0.17 | 0.31 | 0.11 |
| EPS in Rs | 0.02 | -1.05 | -0.91 | -1.64 | -0.71 | 0.72 | 0.10 | -0.77 | -3.10 | 0.27 | 0.13 | 0.24 | 0.09 |
Financials of IP Rings
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| Sales + | 273 | 323 | 317 | 303 | 334 |
| Expenses + | 240 | 297 | 294 | 282 | 307 |
| Operating Profit | 33 | 26 | 23 | 21 | 28 |
| OPM % | 12% | 8% | 7% | 7% | 8% |
| Other Income + | 2 | 3 | 3 | 3 | 5 |
| Interest | 10 | 11 | 11 | 12 | 13 |
| Depreciation | 14 | 16 | 17 | 18 | 18 |
| Profit before tax | 11 | 2 | -3 | -6 | 2 |
| Tax % | 26% | 28% | -2% | -23% | |
| Net Profit + | 8 | 2 | -3 | -4 | 1 |
| EPS in Rs | 6.47 | 1.32 | -2.55 | -3.49 | 0.73 |
| Dividend Payout % | 31% | 76% | 0% | 0% |
Financials of IP Rings
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 |
| Reserves | 99 | 98 | 93 | 89 | 89 |
| Borrowings + | 113 | 101 | 87 | 104 | 111 |
| Other Liabilities + | 75 | 104 | 114 | 96 | 101 |
| Total Liabilities | 301 | 316 | 307 | 301 | 314 |
| Fixed Assets + | 154 | 154 | 146 | 146 | 149 |
| CWIP | 5 | 2 | 2 | 3 | 5 |
| Investments | 0 | 1 | 1 | 4 | 4 |
| Other Assets + | 142 | 159 | 158 | 148 | 156 |
| Total Assets | 301 | 316 | 307 | 301 | 314 |
Financials of IP Rings
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 23 | 42 | 35 | 19 |
| Cash from Investing Activity + | -27 | -13 | -7 | -25 |
| Cash from Financing Activity + | 1 | -27 | -27 | 2 |
| Net Cash Flow | -3 | 2 | 1 | -4 |
| Free Cash Flow | 25 | 42 | 35 | 20 |
| CFO/OP | 73% | 168% | 159% | 94% |
Financials of IP Rings
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 90 | 85 | 89 | 81 |
| Inventory Days | 236 | 194 | 195 | 185 |
| Days Payable | 282 | 293 | 324 | 291 |
| Cash Conversion Cycle | 44 | -14 | -40 | -25 |
| Working Capital Days | 3 | -8 | -17 | -22 |
| ROCE % | 6% | 4% | 3% |
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