International Combustion (India) (BSE 505737)₹389.30−0.05%Industrial Products
In the Jun 2026 quarter (standalone), International Combustion (India) reported sales of ₹65.89 Cr, up 10.1% from Jun 2025, and net profit of −₹3.98 Cr. For the year to Mar 2026, sales were ₹293 Cr and net profit −₹1.99 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| 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 | 73.31 | 73.27 | 81.26 | 59.51 | 63.81 | 82.69 | 86.73 | 59.86 | 75.32 | 72.18 | 85.92 | 65.89 |
| Expenses | 63.80 | 63.13 | 73.25 | 54.57 | 60.95 | 73.83 | 79.53 | 58.40 | 72.97 | 72.44 | 82.57 | 68.27 |
| Operating Profit | 9.42 | 10.10 | 7.85 | 4.84 | 2.74 | 8.83 | 7.08 | 1.35 | 2.23 | −0.50 | 3.25 | −2.55 |
| OPM % | 12.8% | 13.7% | 9.6% | 8.1% | 4.3% | 10.6% | 8.2% | 2.3% | 2.9% | −0.7% | 3.8% | −3.8% |
| Other Income | 0.25 | 0.16 | 1.09 | 0.33 | 0.39 | 2.76 | 0.36 | 0.42 | 0.23 | 0.38 | −0.30 | 0.56 |
| Interest | 0.85 | 0.78 | 0.67 | 1.58 | 1.29 | 1.23 | 0.90 | 1.05 | 0.71 | 0.78 | 0.95 | 0.84 |
| Depreciation | 1.22 | 1.25 | 1.39 | 1.47 | 1.56 | 1.60 | 1.69 | 1.65 | 1.62 | 1.72 | 1.76 | 1.66 |
| Profit before tax | 7.62 | 8.26 | 6.91 | 2.13 | 0.27 | 8.78 | 4.84 | −0.94 | 0.14 | −2.61 | 0.21 | −4.49 |
| Tax % | 33.9% | 32.9% | 46.3% | 16.5% | 19.3% | 29.5% | −40.6% | 0.0% | 15.4% | 2.3% | −440.0% | −10.7% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | 0.00 |
| Net Profit | 5.01 | 5.50 | 3.69 | 1.76 | 0.20 | 6.16 | 6.78 | −0.92 | 0.11 | −2.64 | 1.07 | −3.98 |
| EPS (Rs) | 21.08 | 23.12 | 15.54 | 7.43 | 0.89 | 25.89 | 28.53 | −3.90 | 0.51 | −11.14 | 4.53 | −16.76 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92.94 | 109 | 108 | 134 | 124 | 110 | 169 | 223 | 297 | 293 | 293 | 299 |
| Expenses | 91.71 | 105 | 105 | 124 | 121 | 111 | 158 | 204 | 257 | 269 | 286 | 296 |
| Operating Profit | 1.01 | 3.01 | 3.01 | 10.03 | 3.01 | −1.01 | 11.02 | 17.05 | 38.06 | 23.03 | 6.02 | 2.43 |
| OPM % | 1.5% | 3.1% | 2.5% | 7.0% | 2.1% | −1.2% | 6.0% | 8.0% | 13.0% | 8.0% | 2.1% | 0.8% |
| Other Income | 1.99 | 7.97 | 2.99 | 1.99 | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 3.99 | 0.99 | 0.87 |
| Interest | 1.01 | 4.01 | 4.01 | 3.01 | 3.01 | 2.01 | 2.01 | 2.01 | 3.01 | 4.99 | 2.99 | 3.28 |
| Depreciation | 3.99 | 4.99 | 4.99 | 4.99 | 4.99 | 3.99 | 4.99 | 3.99 | 4.99 | 5.99 | 6.98 | 6.76 |
| Profit before tax | −2.01 | 3.01 | −4.02 | 4.02 | −3.01 | −7.02 | 5.02 | 12.05 | 32.13 | 16.05 | −3.01 | −6.75 |
| Tax % | −71.0% | 21.0% | −35.0% | 14.0% | −41.0% | −22.0% | 21.0% | 31.1% | 38.0% | 9.0% | −25.0% | — |
| Exceptional items | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | −1.01 | −1.01 |
| Net Profit | −0.99 | 1.99 | −1.99 | 3.99 | −1.99 | −4.99 | 3.99 | 7.99 | 19.99 | 14.99 | −1.99 | −5.44 |
| EPS (Rs) | −2.14 | 8.97 | −9.86 | 14.95 | −7.85 | −21.71 | 17.42 | 34.89 | 83.77 | 62.80 | −10.03 | −22.86 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 7.0% | 0.0% | 0.0% | 12.0% | 9.0% | 6.0% | 6.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 |
| Reserves | 89.63 | 88.71 | 93.71 | 91.66 | 94.64 | 91.71 | 86.69 | 91.67 | 98.57 | 117 | 131 | 127 |
| Borrowings | 12.99 | 34.99 | 34.99 | 27.99 | 22.97 | 25.99 | 13.99 | 9.01 | 12.99 | 30.98 | 33.01 | 27.01 |
| Other Liabilities | 31.12 | 25.07 | 32.15 | 36.17 | 41.04 | 38.99 | 38.95 | 45.92 | 55.02 | 72.05 | 63.76 | 75.93 |
| Total Liabilities | 136 | 152 | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 229 | 233 |
| Fixed Assets | 28.02 | 39.03 | 50.04 | 47.02 | 44.04 | 44.99 | 41.99 | 39.02 | 39.04 | 57.05 | 60.04 | 59.06 |
| CWIP | 0.99 | 5.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.99 | 2.99 | 0.00 | 0.99 |
| Investments | 26.05 | 25.05 | 31.10 | 25.08 | 22.06 | 18.06 | 15.05 | 11.03 | 11.03 | 9.02 | 12.02 | 13.03 |
| Other Assets | 80.69 | 81.71 | 82.73 | 85.73 | 94.56 | 95.65 | 85.60 | 97.56 | 115 | 153 | 157 | 161 |
| Inventories | 32.06 | 30.03 | 30.06 | 34.06 | 39.07 | 45.06 | 43.06 | 45.08 | 53.06 | 70.13 | 66.14 | 65.08 |
| Trade receivables | 38.86 | 41.84 | 38.91 | 38.89 | 40.86 | 37.91 | 28.89 | 35.92 | 45.83 | 66.85 | 72.77 | 67.84 |
| Cash & equivalents | 2.99 | 2.99 | 2.99 | 1.99 | 1.99 | 2.99 | 2.99 | 5.99 | 4.99 | 5.99 | 8.98 | 14.98 |
| Total Assets | 136 | 152 | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 229 | 233 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −3.01 | −6.02 | 11.04 | 7.03 | 5.02 | −4.01 | 11.03 | 8.02 | 5.02 | 6.02 | 12.05 | 23.06 |
| Cash from investing activity | −5.99 | −15.01 | −8.01 | 3.99 | 3.01 | 4.99 | 3.01 | 0.99 | −8.99 | −18.99 | −7.99 | −11.99 |
| Cash from financing activity | 9.01 | 21.03 | −4.01 | −11.01 | −8.01 | 0.00 | −14.01 | −7.01 | 2.01 | 14.02 | −5.01 | −10.01 |
| Net cash flow | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 2.99 | −2.99 | 0.99 | 0.00 | 0.00 |
| Capex | 5.84 | 17.27 | 9.99 | 4.17 | 1.67 | 6.19 | 1.04 | 2.04 | 9.92 | 21.09 | 5.69 | 6.61 |
| Free cash flow | −8.99 | −22.98 | 0.99 | 2.99 | 3.99 | −9.99 | 9.99 | 5.99 | −4.99 | −14.99 | 6.99 | 15.98 |
| CFO / OP % | −81.1% | −429.1% | 329.0% | 272.0% | 55.0% | −97.1% | −829.0% | 89.0% | 40.0% | 30.0% | 71.0% | 385.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 161 | 162 | 130 | 131 | 111 | 113 | 97 | 77 | 76 | 83 | 90 | 85 |
| Inventory days | 301 | 244 | 257 | 254 | 228 | 299 | 286 | 188 | 163 | 165 | 154 | 149 |
| Days payable | 151 | 107 | 148 | 167 | 149 | 160 | 167 | 115 | 103 | 106 | 94 | 111 |
| Cash conversion cycle | 313 | 301 | 239 | 220 | 191 | 254 | 217 | 151 | 137 | 143 | 152 | 125 |
| Working capital days | 174 | 167 | 97 | 96 | 83 | 82 | 91 | 76 | 65 | 65 | 71 | 55 |
| ROCE % | 0.0% | −2.0% | 5.0% | 0.0% | 6.0% | 0.0% | −4.0% | 7.0% | 13.1% | 26.1% | 12.1% | 0.0% |
For the Jun 2026 quarter, International Combustion (India) reported sales of ₹65.89 Cr, up 10.1% year on year and net profit of −₹3.98 Cr. The operating margin was −3.8%.
International Combustion (India)'s sales for the year to Mar 2026 were ₹293 Cr; over the last twelve months they were ₹299 Cr.
Net profit for the year to Mar 2026 was −₹1.99 Cr, and −₹5.44 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−22.86.
International Combustion (India) reported borrowings of ₹27.01 Cr at Mar 2026, against cash and equivalents of ₹14.98 Cr.
Cash from operations was ₹23.06 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹15.98 Cr.