International Combustion India Ltd
- Market cap
- ₹ 92 Cr.
- P/E
- 11.8x
- P/B
- 0.74x
- 52-week range
- 346 – 798.8
- ROE
- −1%
- ROCE
- 0%
- Dividend yield
- 0%
- Debt / equity
- 0.21
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- BSE
About
International Combustion (India) Limited is an India-based company. The Company is engaged in the manufacture and supply of heavy engineering equipment, geared motors and gear boxes, and dry mix mortars. The Company has three operating segments, namely Mineral & Material processing & Handling Equipment; Geared Motor and Gear Box, and Building Material. Its products include Heavy Engineering Division, Mozer Rotary Dryers, and Polymer Modified Dry Mortars. The Company is engaged in the sale of products by geographical market, including within India and outside India. The Company serves all industries with a specialized range of products, including vibrating screens and feeders, cone crushers, bulk material handling equipment, mining haulages, Raymond grinding mills, air classifiers, flash drying systems, geared motors, and gear boxes. The Company operates factories in Nagpur, Kolkata, Aurangabad, and Ajmer.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →International Combustion India Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.8 against a typical 29.6: cheaper than most peers (1st = cheapest).26th of 184
- Sales growth+10.1% against a typical +20.3% from a year earlier.92nd of 147
- Share price, 3 months−34.2% against a typical −3.4%.159th of 164
- Size₹ 92.4 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).122nd of 176
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 73 | 73 | 81 | 60 | 64 | 83 | 87 | 60 | 75 | 72 | 86 | 66 |
| Expenses | 64 | 63 | 73 | 55 | 61 | 74 | 80 | 59 | 73 | 73 | 83 | 68 |
| Operating Profit | 9 | 10 | 8 | 5 | 3 | 9 | 7 | 1 | 2 | −0 | 3 | −3 |
| OPM % | 12.8% | 13.7% | 9.7% | 8.1% | 4.3% | 10.6% | 8.1% | 2.2% | 3% | −0.7% | 3.8% | −3.9% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | −0 | 1 |
| Interest | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 8 | 8 | 7 | 2 | 0 | 9 | 5 | −1 | 0 | −3 | 0 | −4 |
| Tax % | 33.9% | 32.9% | 46.2% | 16.5% | 19.2% | 29.5% | −40.6% | 0% | 15.4% | 2.3% | −440% | −10.7% |
| Net Profit | 5 | 6 | 4 | 2 | 0 | 6 | 7 | −1 | 0 | −3 | 1 | −4 |
| EPS in Rs | 21 | 23.05 | 15.48 | 7.4 | 0.88 | 25.81 | 28.41 | −3.89 | 0.5 | −11.09 | 4.52 | −16.69 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 22%
- 3 Years
- 10%
- TTM
- 2%
- 10 Years
- −2%
- 5 Years
- 10%
- 3 Years
- —
- TTM
- −150%
- 10 Years
- 5%
- 5 Years
- 21%
- 3 Years
- −20%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 8%
- 3 Years
- 8%
- TTM
- —
Peers
Listed companies in the same business.
| International Combustion India Ltd | ₹ 407.00 | ₹ 92 Cr. | 11.8x | 0.7x | −1% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 22.8x | 7.5x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 73.4x | 10x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 112.5x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.1x | 5.4x | 17% | 28.7% |
Management
- Indrajit Sen
- Chief Executive Officer, Managing Director, Executive Director
- Asish Kumar Neogi
- Chief Financial Officer
- Kundan Jaiswal
- Compliance Officer, Company Secretary
- Rana Pratap Singh
- Whole-time Director
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