As of 6 Nov 2026, International Combustion (India) is loss-making on a trailing 12-month basis, with a net loss of ₹5.45 Cr, so it has no P/E ratio. The share price is ₹389.50, 45% below its 52-week high. Sales grew 9.8% a year over 3 years. Debt is 0.21× equity. It is a small-cap company with a market cap of ₹93 Cr, ranked 113th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 51% over the past year.
- ₹385.40
- ₹394.95
- ₹380.20
- ₹385.40
- 1.2K
Health check
- ReturnsBehind
−50.9% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +9.8% a year over 3 years, but loss-making now.
- ProfitabilityNegative
ROCE -0.8% vs peer median 24.8%.
- Balance sheetStretched
Debt 0.21× equity, operating profit doesn’t cover interest, Piotroski 3 of 9.
- Red flags3 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹93 Cr
- Small cap
- P/E
- n/a
- Industry 33.8
- Price to book
- 0.71
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- −1.8%
- Peers 19.1%
- ROCE
- −0.8%
- Peers 24.8%
- Debt to equity
- 0.21
- Debt ₹27 Cr
- EPS (TTM)
- −₹22.81
- OPM (TTM)
- 0.8%
- Net margin −1.8%
- Sales growth
- +10.1%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.31
- EV/EBITDA 44.4
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −1.8%.
- 45% below its 52-week high.
About International Combustion (India)
International Combustion (India) Limited manufactures and supplies heavy engineering equipment, geared motors and gear boxes, and dry mix products in India and internationally. It operates through three segments: Mineral & Material processing and Handling Equipment, Geared Motor and Gear Box Drive System, and Building Material. The company offers vibratory equipment, including grizzly screens/feeders, linear and circular motion screens, sizers, omni…
- Headquarters
- Kolkata
- Employees
- 585
- Sector
- Industrials
- ISIN
- INE403C01014
- Website
- internationalcombustion.in
Price range
- Avg volume (3M)
- 1.1K
- 1-year return
- minus 50.9%
- From 52-week high
- minus 45.1%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| INTLCOMBQInternational Combustion (India) | 389.50 | plus 1.06% | 93 | – | 15.5 | −0.8% | 0.8% | 0.21 | 9.8% | minus 50.9% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 59.9 | 75.3 | 72.2 | 86 | 65.9 | |
| 58.5 | 73.1 | 72.7 | 82.8 | 68.5 | |
| 1.3 | 2.2 | −0.5 | 3.2 | −2.5 | |
| 2.2% | 2.9% | −0.7% | 3.8% | −3.9% | |
| 0.4 | 0.2 | 0.4 | 0.2 | 0.6 | |
| 1 | 0.7 | 0.8 | 1 | 0.8 | |
| 1.7 | 1.6 | 1.7 | 1.8 | 1.7 | |
| – | – | – | −0.5 | – | |
| −0.9 | 0.1 | −2.6 | 0.2 | −4.5 | |
| −0.2% | 11.3% | −2.1% | −438.6% | 10.8% | |
| −0.9 | 0.1 | −2.7 | 1.1 | −4 | |
| -3.90 | 0.50 | -11.11 | 4.50 | -16.70 |
Profit & loss
- Sales CAGR 3Y
- +9.8%
- ROE
- −1.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 219 | 293 | 290 | 291 | |
| – | +33.7% | minus 1.3% | +0.3% | |
| 201 | 254 | 265 | 284 | |
| 18.3 | 39.4 | 24.2 | 6.6 | |
| 8.3% | 13.4% | 8.4% | 2.3% | |
| −1.6 | −0.1 | −0.9 | −0.9 | |
| 0.1 | 1.9 | 3.4 | 2.2 | |
| 4.2 | 5 | 6.4 | 6.8 | |
| −0.3 | −0.4 | 2.8 | 0 | |
| 12.1 | 32.1 | 16.4 | −3.2 | |
| 31.3% | 37.8% | 8.6% | 25.2% | |
| 8.3 | 20 | 14.9 | −2.4 | |
| – | +140.1% | minus 25.1% | minus 116.0% | |
| 34.76 | 83.48 | 62.54 | -10.01 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.4 | 2.4 | 2.4 | 2.4 | |
| 99.1 | 118 | 131 | 128 | |
| 13.1 | 31.1 | 32.6 | 26.9 | |
| 54.5 | 71.7 | 64 | 76.5 | |
| 169 | 223 | 230 | 234 | |
| 44.6 | 60.7 | 59.7 | 59.3 | |
| 5.2 | 3.8 | 0.3 | 1.2 | |
| 0 | 0 | 0 | 0 | |
| 13.5 | 12.8 | 15.9 | 16.9 | |
| 106 | 146 | 154 | 157 | |
| 169 | 223 | 230 | 234 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.8 | 5.8 | 12.3 | 22.9 | |
| −9.2 | −18.9 | −7.6 | −12.5 | |
| 1.7 | 14.2 | −4.7 | −10.1 | |
| −2.6 | 1.1 | 0 | 0.3 | |
| −9.9 | −21 | −5.7 | −6.6 | |
| −5.1 | −15.2 | 6.7 | 16.3 | |
| −0.5 | −0.7 | −1.2 | −0.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.