IP Rings Ltd
IPRI

IP Rings Ltd (IPRINGLTD)

₹128--

Key Stats

₹128
Day's Price Range
₹128
₹91.5
52-Week Price Range
₹172
1 Month Return4.27 %
3 Month Return16.78 %
1 Year Return-22.57 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 245
41.87
EPS
Rank 225
₹3.04
BVPS
Rank 529
Dividend Yield
Rank 186
ROE
Rank 361
4.8%
Price To Book Ratio
Rank 353
Debt To Asset
Rank 529

Company Information

I P Rings Ltd. a part of Chennai based Amalgamation Group is into manufacture of piston rings. Nippon Piston Rings Japan. is the collaborator of the company.IP Rings was incorporated in Jan.91 and went public in May 92. The proceeds from this public issue is used to partfinance its project to manufacture piston rings in collaboration with Nippon Piston Rings Japan. The company has an installed capacity to produce 75 lakh piston rings per annum and markets it under the brand name IPLPowerpack. It products are used in mopeds motorcycles scooters threewheelers cars commercial vehicles tractors compressors and industrial engines.In 199495 the company commissioned its gas nitriding facility and capacity increased from 20 lac to 30 lac rings pa. It also entered into a new collaboration with Nippon Piston Rings Japan to manufacture NifflexS threepiece oil rings. Facilities for these rings S G iron rings and cast iron rings was set up which involved a substantial capital outlay. During 199596 the company issued 352100 equity shares of Rs 10 each on preferential basis priced at Rs 157 per share to Nippon Piston RingCo. Ltd. Japan. The company has also issued 365100 convertible warrants on preferential basis to the promoter companies on the basis of 1 equity share of Rs 10 each for every warrant to be converted atRs 157 per share.Companys new line for manufacturing twowheelers rings will be going into production shortly and will start to contribute to the companys sales performance. The company was awarded with prestigious QS 9000 accrediation by TUV India a member of RWTUV Group Germany during 19992000 and has secured its frontline position in the O.E by its concentrated effort to strengthen and upgrade its quality manegement.
OrganisationIP Rings Ltd
HeadquartersChennai
IndustryAuto Ancillaries