
About Ip Rings Limited
Data last updated:
Ip Rings Limited is a public limited company based in Maraimalai Nagar, Tamil Nadu, India, a subsidiary of Amalgamations Private Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 30 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L28920TN1991PLC020232. Its GSTIN is 33AAACI0908C1ZC (Tamil Nadu). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 523638 and NSE: IPRINGLTD.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹12.68 Cr. It is led by directors including Venkataramani Anantharamakrishnan (Managing Director) and Muthalagu Govindarajan.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at D 11/12 Industrial Estate Maraimalai Nagar, Tamil Nadu, India – 603209.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹336.79 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹2.61 Cr (net margin 0.8%) and EBITDA of ₹27.63 Cr (EBITDA margin 8.2%). The net worth stands at ₹103.1 Cr (up 1.7% YoY). Total assets are valued at ₹227.02 Cr (up 9.7% YoY).
The company has about 346 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IP Rings. As per MCA filings, the company has open charges of ₹266.86 Cr and satisfied charges of ₹223.24 Cr on record. Court records list 60 cases involving the company, including 22 filed by the company and 38 filed against it; 7 cases are pending. The company has 5 deals on record (4 market trades, 1 rights issue); the latest was in March 2026. The company has 17 MSME Form 1 returns on record between 2019 and 2023, listing 4,449 overdue payments to 63 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iprings.com.
Company details
CIN history
Ip Rings has one previous CIN (Corporate Identification Number): U28920TN1991PLC020232. The current CIN is L28920TN1991PLC020232, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28920TN1991PLC020232 | Current |
| U28920TN1991PLC020232 | Previous |
Contact details
Ip Rings Limited's registered office is in Maraimalai Nagar, Tamil Nadu. Its website is iprings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD 11/12 Industrial Estate Maraimalai Nagar, Tamil Nadu, India – 603209
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Ip Rings Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ip Rings operates one associated brand: IP Rings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Automotive components are manufactured and supplied by IP Rings. | iprings.com |
Business activity
The main business activity of Ip Rings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ip Rings Limited, buy the company report.
Financials of Ip Rings Limited
FY 2025-26 filings availableIp Rings Limited reported revenue of ₹336.79 Cr (up 11% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 337 | 303 | 317 | 323 | 273 |
| Revenue growth | +11.0% | -4.2% | -2.0% | +18.6% | - |
| EBITDA | 27.63 | 20.93 | 22.52 | 25.80 | 33.10 |
| EBITDA margin | +8.2% | +6.9% | +7.1% | +8.0% | +12.1% |
| Profit before tax | 2.85 | (5.72) | (3.28) | 2.32 | 11.03 |
| Net profit | 2.61 | (4.28) | (3.19) | 1.71 | 8.20 |
| Net profit margin | +0.8% | -1.4% | -1.0% | +0.5% | +3.0% |
| EPS (₹) | 1.36 | (3.49) | (2.55) | 1.32 | 6.47 |
| Balance sheet | |||||
| Total assets | 227 | 207 | 195 | 214 | 227 |
| Net worth | 103 | 101 | 106 | 111 | 112 |
| Total debt | 123 | 104 | 87.45 | 101 | 113 |
| Cash & bank | 1.63 | 2.14 | 6.34 | 5.97 | 3.48 |
| Net working capital | 65.39 | 41.59 | 42.04 | 54.51 | 64.32 |
| Cash flow | |||||
| Cash from operations | 8.36 | 19.39 | 34.91 | 42.14 | 22.77 |
| Cash from investing | (15.45) | (25.29) | (7.36) | (12.72) | (26.53) |
| Cash from financing | 6.59 | 1.69 | (26.84) | (27.30) | 0.58 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.03 | 86.54 | 84.99 | 83.74 | 81.52 | 84.21 | 57.80 | 79.28 |
| Revenue growth (YoY) | +17.8% | +2.8% | +47.0% | +5.6% | -0.7% | - | - | - |
| Other income | 1.14 | 3.27 | 1.54 | 1.17 | 0.43 | 1.97 | 0.19 | 0.31 |
| EBITDA | 9.10 | 6.04 | 6.85 | 7.54 | 7.18 | 6.34 | 2.08 | 5.63 |
| EBITDA margin | +9.5% | +7.0% | +8.1% | +9.0% | +8.8% | +7.5% | +3.6% | +7.1% |
| Depreciation | 4.61 | 4.46 | 4.41 | 4.44 | 4.23 | 4.54 | 4.61 | 4.38 |
| Interest | 3.60 | 3.63 | 3.69 | 3.29 | 3.04 | 3.24 | 2.99 | 2.75 |
| Profit before tax | 2.03 | 1.22 | 0.29 | 0.98 | 0.34 | 0.53 | (5.33) | (1.19) |
| Tax | 0.49 | 0.09 | 0.18 | 0.68 | 0.17 | 0.19 | (1.40) | (0.23) |
| Net profit | 1.54 | 1.13 | 0.11 | 0.30 | 0.17 | 0.34 | (3.93) | (0.96) |
| EPS (₹) | 1.22 | 0.89 | 0.09 | 0.24 | 0.13 | 0.27 | (3.10) | (0.76) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 337 | 303 | 317 | 323 | 273 | 198 | 198 |
| Revenue growth | +11.0% | -4.2% | -2.0% | +18.6% | +37.4% | +0.3% | - |
| EBITDA | 28.70 | 22.18 | 23.02 | 25.87 | 33.12 | 24.51 | 21.57 |
| EBITDA margin | +8.5% | +7.3% | +7.3% | +8.0% | +12.1% | +12.4% | +10.9% |
| Profit before tax | 3.83 | (4.49) | (2.78) | 2.39 | 11.05 | 6.54 | 1.74 |
| Net profit | 3.71 | (3.05) | (2.69) | 1.78 | 8.22 | 4.95 | 1.14 |
| Net profit margin | +1.1% | -1.0% | -0.9% | +0.6% | +3.0% | +2.5% | +0.6% |
| EPS (₹) | 2.12 | (2.52) | (2.15) | 1.37 | 6.48 | 3.92 | 0.87 |
| Balance sheet | |||||||
| Total assets | 230 | 209 | 196 | 214 | 227 | 206 | 185 |
| Net worth | 106 | 103 | 107 | 111 | 112 | 105 | 101 |
| Total debt | 123 | 104 | 87.45 | 101 | 113 | 98.97 | 81.71 |
| Cash & bank | 0.68 | 1.29 | 6.34 | 5.97 | 3.48 | 6.59 | 11.90 |
| Net working capital | 64.44 | 40.74 | 42.04 | 54.51 | 64.32 | 52.15 | 42.55 |
| Cash flow | |||||||
| Cash from operations | 8.35 | 19.37 | 34.91 | 42.14 | 22.77 | 17.04 | 32.17 |
| Cash from investing | (15.54) | (26.12) | (7.36) | (12.72) | (26.53) | (26.26) | (14.52) |
| Cash from financing | 6.59 | 1.69 | (26.84) | (27.30) | 0.58 | 3.91 | (11.38) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.03 | 86.54 | 84.99 | 83.74 | 81.52 | 84.21 | 57.80 | 79.28 |
| Revenue growth (YoY) | +17.8% | +2.8% | +47.0% | +5.6% | -0.7% | - | - | - |
| Other income | 1.11 | 3.22 | 1.53 | 1.14 | 0.42 | 1.95 | 0.19 | 0.31 |
| Total expenses | 86.93 | 80.01 | 77.92 | 76.14 | 74.04 | 77.35 | 55.35 | 73.45 |
| EBITDA | 9.10 | 6.53 | 7.07 | 7.60 | 7.48 | 6.86 | 2.45 | 5.83 |
| EBITDA margin | +9.5% | +7.5% | +8.3% | +9.1% | +9.2% | +8.1% | +4.2% | +7.4% |
| Depreciation | 4.61 | 4.46 | 4.41 | 4.44 | 4.23 | 4.54 | 4.61 | 4.38 |
| Interest | 3.60 | 3.63 | 3.69 | 3.29 | 3.04 | 3.24 | 2.99 | 2.75 |
| Profit before tax | 2.00 | 1.66 | 0.50 | 1.01 | 0.63 | 1.03 | (4.96) | (0.99) |
| Tax | 0.49 | 0.09 | 0.18 | 0.68 | 0.17 | 0.19 | (1.40) | (0.23) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.03 | 86.54 | 84.99 | 83.74 | 81.52 | 84.21 | 57.80 | 79.28 |
| Revenue growth (YoY) | +17.8% | +2.8% | +47.0% | +5.6% | -0.7% | - | - | - |
| Other income | 1.14 | 3.27 | 1.54 | 1.17 | 0.43 | 1.97 | 0.19 | 0.31 |
| EBITDA | 9.10 | 6.04 | 6.85 | 7.54 | 7.18 | 6.34 | 2.08 | 5.63 |
| EBITDA margin | +9.5% | +7.0% | +8.1% | +9.0% | +8.8% | +7.5% | +3.6% | +7.1% |
| Depreciation | 4.61 | 4.46 | 4.41 | 4.44 | 4.23 | 4.54 | 4.61 | 4.38 |
| Interest | 3.60 | 3.63 | 3.69 | 3.29 | 3.04 | 3.24 | 2.99 | 2.75 |
| Profit before tax | 2.03 | 1.22 | 0.29 | 0.98 | 0.34 | 0.53 | (5.33) | (1.19) |
| Tax | 0.49 | 0.09 | 0.18 | 0.68 | 0.17 | 0.19 | (1.40) | (0.23) |
| Net profit | 1.54 | 1.13 | 0.11 | 0.30 | 0.17 | 0.34 | (3.93) | (0.96) |
| EPS (₹) | 1.22 | 0.89 | 0.09 | 0.24 | 0.13 | 0.27 | (3.10) | (0.76) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 337 | 303 | 317 | 323 | 273 |
| Revenue growth | +11.0% | -4.2% | -2.0% | +18.6% | - |
| Other income | 6.41 | 2.69 | 2.54 | 3.34 | 2.29 |
| Total expenses | 309 | 282 | 294 | 298 | 240 |
| Employee cost | 39.22 | 33.05 | 33.95 | 30.04 | 28.76 |
| EBITDA | 27.63 | 20.93 | 22.52 | 25.80 | 33.10 |
| EBITDA margin | +8.2% | +6.9% | +7.1% | +8.0% | +12.1% |
| Depreciation | 17.55 | 17.61 | 16.86 | 15.95 | 14.34 |
| Interest | 13.64 | 11.73 | 11.48 | 10.87 | 10.02 |
| Profit before tax | 2.85 | (5.72) | (3.28) | 2.32 | 11.03 |
| Tax | 1.11 | (1.30) | (0.06) | 0.65 | 2.83 |
| Net profit | 2.61 | (4.28) | (3.19) | 1.71 | 8.20 |
| Net profit margin | +0.8% | -1.4% | -1.0% | +0.5% | +3.0% |
| EPS (₹) | 1.36 | (3.49) | (2.55) | 1.32 | 6.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 12.68 | 12.68 | 12.68 | 12.68 | 12.68 |
| Reserves & surplus | 90.42 | 88.66 | 93.33 | 98.22 | 99.16 |
| Shareholders' funds (net worth) | 103 | 101 | 106 | 111 | 112 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 120 | 99.26 | 73.27 | 82.59 | 98.05 |
| Unsecured loans | 3.04 | 5.19 | 14.18 | 18.79 | 15.34 |
| Total debt | 123 | 104 | 87.45 | 101 | 113 |
| Total liabilities | 227 | 207 | 195 | 214 | 227 |
| Assets | |||||
| Gross block | 279 | 259 | 247 | 238 | 223 |
| Net block | 151 | 146 | 146 | 154 | 154 |
| Capital work in progress | 3.48 | 3.40 | 1.64 | 2.10 | 4.54 |
| Investments | 3.13 | 4.19 | 1.45 | 0.93 | 0.50 |
| Inventories | 69.79 | 53.43 | 58.75 | 59.72 | 52.85 |
| Sundry debtors | 75.76 | 67.08 | 77.22 | 75.65 | 67.28 |
| Cash & bank balances | 1.63 | 2.14 | 6.34 | 5.97 | 3.48 |
| Loans & advances | 13.66 | 12.23 | 9.34 | 12.79 | 12.35 |
| Total current assets | 161 | 135 | 152 | 154 | 136 |
| Total current liabilities | 95.45 | 93.29 | 110 | 99.62 | 71.64 |
| Net working capital | 65.39 | 41.59 | 42.04 | 54.51 | 64.32 |
| Total assets | 227 | 207 | 195 | 214 | 227 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 2.03 | 6.23 | 5.52 | 3.40 | 6.58 |
| Net cash from operating activities | 8.36 | 19.39 | 34.91 | 42.14 | 22.77 |
| Net cash from investing activities | (15.45) | (25.29) | (7.36) | (12.72) | (26.53) |
| Net cash from financing activities | 6.59 | 1.69 | (26.84) | (27.30) | 0.58 |
| Net change in cash | (0.51) | (4.20) | 0.71 | 2.12 | (3.18) |
| Closing cash | 1.63 | 2.14 | 6.34 | 5.97 | 3.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +11.0% | -4.2% | -2.0% | +18.6% | - |
| EBITDA growth | +32.0% | -7.1% | -12.7% | -22.1% | - |
| PBT growth | +9998.0% | -74.4% | - | -79.0% | +9997.0% |
| Net income growth | +161.0% | -34.2% | -286.6% | -79.2% | - |
| Revenue CAGR (3Y) | +1.4% | +3.6% | - | - | - |
| EBITDA CAGR (3Y) | +2.3% | -14.2% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +0.5% | -1.5% | -1.0% | +0.5% | +3.0% |
| Return on capital employed | +8.2% | +3.0% | +4.0% | +6.0% | +9.3% |
| Return on net worth | +2.5% | -4.3% | -3.0% | +1.5% | +7.3% |
| Debt / equity | 1.11 | 0.93 | 0.87 | 0.96 | 1.01 |
| Long-term debt / equity | 0.50 | 0.40 | 0.38 | 0.45 | 0.49 |
| Interest cover | 135.32 | 353.31 | 202.83 | 110.36 | 53.41 |
| Efficiency & per share | |||||
| Fixed asset turnover | 1.25 | 1.20 | 1.31 | 1.40 | 1.22 |
| Inventory turnover | 5.47 | 5.41 | 5.35 | 5.74 | 5.16 |
| Debtors turnover | 4.72 | 4.20 | 4.14 | 4.52 | 4.05 |
| EPS (₹) | 1.36 | (3.49) | (2.55) | 1.32 | 6.47 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 |
| Book value per share (₹) | 81.33 | 79.95 | 83.63 | 87.49 | 88.23 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.03 | 86.54 | 84.99 | 83.74 | 81.52 | 84.21 | 57.80 | 79.28 |
| Revenue growth (YoY) | +17.8% | +2.8% | +47.0% | +5.6% | -0.7% | - | - | - |
| Other income | 1.11 | 3.22 | 1.53 | 1.14 | 0.42 | 1.95 | 0.19 | 0.31 |
| Total expenses | 86.93 | 80.01 | 77.92 | 76.14 | 74.04 | 77.35 | 55.35 | 73.45 |
| EBITDA | 9.10 | 6.53 | 7.07 | 7.60 | 7.48 | 6.86 | 2.45 | 5.83 |
| EBITDA margin | +9.5% | +7.5% | +8.3% | +9.1% | +9.2% | +8.1% | +4.2% | +7.4% |
| Depreciation | 4.61 | 4.46 | 4.41 | 4.44 | 4.23 | 4.54 | 4.61 | 4.38 |
| Interest | 3.60 | 3.63 | 3.69 | 3.29 | 3.04 | 3.24 | 2.99 | 2.75 |
| Profit before tax | 2.00 | 1.66 | 0.50 | 1.01 | 0.63 | 1.03 | (4.96) | (0.99) |
| Tax | 0.49 | 0.09 | 0.18 | 0.68 | 0.17 | 0.19 | (1.40) | (0.23) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 337 | 303 | 317 | 323 | 273 | 198 | 198 |
| Revenue growth | +11.0% | -4.2% | -2.0% | +18.6% | +37.4% | +0.3% | - |
| Other income | 6.32 | 2.67 | 2.54 | 3.34 | 2.29 | 1.00 | 0.66 |
| Total expenses | 308 | 281 | 294 | 297 | 240 | 174 | 176 |
| Employee cost | 39.22 | 33.05 | 33.95 | 30.04 | 28.76 | 24.76 | 28.57 |
| EBITDA | 28.70 | 22.18 | 23.02 | 25.87 | 33.12 | 24.51 | 21.57 |
| EBITDA margin | +8.5% | +7.3% | +7.3% | +8.0% | +12.1% | +12.4% | +10.9% |
| Depreciation | 17.55 | 17.61 | 16.86 | 15.95 | 14.34 | 11.54 | 11.05 |
| Interest | 13.64 | 11.73 | 11.48 | 10.87 | 10.02 | 7.43 | 9.44 |
| Profit before tax | 3.83 | (4.49) | (2.78) | 2.39 | 11.05 | 6.54 | 1.74 |
| Tax | 1.11 | (1.30) | (0.06) | 0.65 | 2.83 | 1.58 | 0.63 |
| Net profit | 3.71 | (3.05) | (2.69) | 1.78 | 8.22 | 4.95 | 1.14 |
| Net profit margin | +1.1% | -1.0% | -0.9% | +0.6% | +3.0% | +2.5% | +0.6% |
| EPS (₹) | 2.12 | (2.52) | (2.15) | 1.37 | 6.48 | 3.92 | 0.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.68 | 12.68 | 12.68 | 12.68 | 12.68 | 12.68 | 12.68 |
| Reserves & surplus | 93.20 | 90.48 | 93.92 | 98.31 | 99.18 | 92.72 | 88.37 |
| Shareholders' funds (net worth) | 106 | 103 | 107 | 111 | 112 | 105 | 101 |
| Secured loans | 120 | 99.26 | 73.27 | 82.59 | 98.05 | 82.90 | 52.08 |
| Unsecured loans | 3.04 | 5.19 | 14.18 | 18.79 | 15.34 | 16.07 | 29.63 |
| Total debt | 123 | 104 | 87.45 | 101 | 113 | 98.97 | 81.71 |
| Total liabilities | 230 | 209 | 196 | 214 | 227 | 206 | 185 |
| Assets | |||||||
| Gross block | 279 | 259 | 247 | 238 | 223 | 199 | 162 |
| Net block | 151 | 146 | 146 | 154 | 154 | 145 | 119 |
| Capital work in progress | 3.48 | 3.40 | 1.64 | 2.10 | 4.54 | 1.92 | 19.39 |
| Investments | 6.87 | 6.86 | 2.03 | 1.02 | 0.52 | 0.01 | 0.01 |
| Inventories | 69.79 | 53.43 | 58.75 | 59.72 | 52.85 | 47.21 | 37.97 |
| Sundry debtors | 75.76 | 67.08 | 77.22 | 75.65 | 67.28 | 56.50 | 38.05 |
| Cash & bank balances | 0.68 | 1.29 | 6.34 | 5.97 | 3.48 | 6.59 | 11.90 |
| Loans & advances | 13.66 | 12.23 | 9.34 | 12.79 | 12.35 | 7.36 | 6.30 |
| Total current assets | 160 | 134 | 152 | 154 | 136 | 118 | 94.22 |
| Total current liabilities | 95.45 | 93.29 | 110 | 99.62 | 71.64 | 65.51 | 51.67 |
| Net working capital | 64.44 | 40.74 | 42.04 | 54.51 | 64.32 | 52.15 | 42.55 |
| Total assets | 230 | 209 | 196 | 214 | 227 | 206 | 185 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.18 | 6.23 | 5.52 | 3.40 | 6.58 | 11.89 | 5.62 |
| Net cash from operating activities | 8.35 | 19.37 | 34.91 | 42.14 | 22.77 | 17.04 | 32.17 |
| Net cash from investing activities | (15.54) | (26.12) | (7.36) | (12.72) | (26.53) | (26.26) | (14.52) |
| Net cash from financing activities | 6.59 | 1.69 | (26.84) | (27.30) | 0.58 | 3.91 | (11.38) |
| Net change in cash | (0.60) | (5.05) | 0.71 | 2.12 | (3.18) | (5.31) | 6.27 |
| Closing cash | 0.68 | 1.29 | 6.34 | 5.97 | 3.48 | 6.59 | 11.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.0% | -4.2% | -2.0% | +18.6% | +37.4% | +0.3% | - |
| EBITDA growth | +29.4% | -3.7% | -11.0% | -21.9% | +35.1% | +13.6% | - |
| PBT growth | +9998.0% | -61.5% | - | -78.4% | +69.0% | +275.9% | -84.2% |
| Net income growth | +221.6% | -13.4% | -251.1% | -78.4% | +66.1% | +334.2% | - |
| Revenue CAGR (3Y) | +1.4% | +3.6% | +16.9% | +17.8% | +8.7% | -0.7% | +4.2% |
| EBITDA CAGR (3Y) | +3.5% | -12.5% | -2.1% | +6.3% | +6.2% | +0.3% | +14.0% |
| Profitability & leverage | |||||||
| Net income margin | +0.8% | -1.1% | -0.9% | +0.5% | +3.0% | +2.5% | +0.6% |
| Return on capital employed | +8.6% | +3.6% | +4.3% | +6.0% | +9.8% | +7.2% | +6.1% |
| Return on net worth | +3.5% | -3.1% | -2.5% | +1.6% | +7.6% | +4.8% | +1.1% |
| Debt / equity | 1.09 | 0.91 | 0.87 | 0.96 | 0.98 | 0.88 | 0.81 |
| Long-term debt / equity | 0.49 | 0.40 | 0.38 | 0.45 | 0.46 | 0.35 | 0.31 |
| Interest cover | 122.33 | 256.67 | 186.36 | 109.58 | 53.35 | 57.29 | 89.73 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.25 | 1.20 | 1.31 | 1.40 | 1.29 | 1.10 | 1.27 |
| Inventory turnover | 5.47 | 5.41 | 5.35 | 5.74 | 5.45 | 4.66 | 5.05 |
| Debtors turnover | 4.72 | 4.20 | 4.14 | 4.52 | 4.41 | 4.20 | 4.53 |
| EPS (₹) | 2.12 | (2.52) | (2.15) | 1.37 | 6.48 | 3.92 | 0.87 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 | 1.50 | 0.00 |
| Book value per share (₹) | 83.53 | 81.38 | 84.09 | 87.56 | 88.24 | 83.14 | 79.72 |
To see the full year-wise statements and ratios of Ip Rings Limited, buy the company report.
Board of directors of Ip Rings Limited
Ip Rings has 6 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthalagu Govindarajan | Director | 02 Aug 2021 | 5 Years 3 Months | Current |
| Venkataramani Anantharamakrishnan | Managing Director | 27 Oct 2010 | 16 Years 0 Months | Current |
| Vikram Vijayaraghavan | Director | 16 May 2019 | 7 Years 5 Months | Current |
| Navin Paul | Director | 07 Nov 2019 | 7 Years 0 Months | Current |
| Anandi Iyer Also directs: Highway Roop Industries Limited, Roop Auto Forge Private Limited, Highway Roop Precision Technologies Limited and 1 more | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Nagarajan Balavijayan Also directs: Sri Rama Vilas Service Limited | Additional Director | 29 May 2026 | 0 Years 5 Months | Current |
Auditor
Ip Rings Limited is audited by M S Krishnaswami & Rajan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S Krishnaswami & Rajan | FY 2023 | 001554S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 56.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 56.60% | 56.60% | 56.60% | 56.60% |
| Public | 43.40% | 43.40% | 43.40% | 43.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2026 | 101324518 | Others | ₹6.04 Cr | Open | |
| 11 Jul 2025 | 101120274 | Others | ₹30 Cr | Open | |
| 26 Nov 2024 | 101019428 | State Bank of India | ₹45 Cr | Open | |
| 10 Jul 2024 | 100954303 | Others | ₹25 Cr | Open | |
| 16 Apr 2024 | 100917282 | Hdfc Bank Limited | ₹17.42 Lakh | Open |
To see the full charge records of Ip Rings Limited, buy the company report.
Total charge records: 44 View all charges
Deals & funding
Ip Rings Limited has 5 deals on record (4 market trades, 1 rights issue); the latest was in March 2026.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹1.45 Cr | Buyer: an individual Seller: an individual |
| Feb 2025 | Market trade | ₹1.21 Cr | Buyer: an individual Seller: an individual |
| Jan 2017 | Rights issue | ₹50 Cr | Investors: an individual |
| Jan 2016 | Market trade | ₹40.1 Lakh | Seller: Gagandeep Credit Capital Private Limited |
| Jun 2005 | Market trade | ₹93.6 Lakh | Buyer: Matterhorn Ventures Fund Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ip Rings Limited has 60 court cases on record: 22 filed by Ip Rings, 38 filed against it. 7 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 18 | 4 |
| District courts | 16 | 16 | 0 |
| NCLAT | 4 | 4 | 3 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Simpson & Co. Ltd., and 12 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Simpson & Co. Ltd., and 4 others | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Regional Provident Fun Commissioner-Ii (PDC) | Pending |
| NCLAT, NCLAT Chennai | Court case (TA (AT)) | Filed against the company by an individual | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by an individual | Pending |
To see the full case history of Ip Rings Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Ip Rings Limited has 17 MSME Form 1 returns on record between 2019 and 2023, listing 4,449 overdue payments to 63 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 63)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Abrami Precision Works | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ip Rings Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ip Rings has 1 joint venture and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Ip Rings Limited has a workforce of 346 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Ip Rings has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI0908C1ZC | Tamil Nadu | Active | 01 Jul 2017 |
| 06AAACI0908C1Z9 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ip Rings Limited, buy the company report.
Recent activity
Ip Rings Limited has 44 board changes on record since 1991: 26 appointments and 18 cessations. The latest: Nagarajan Balavijayan was appointed as Additional Director on 29 May 2026.
111 earlier events are in the company report.
News
Frequently asked questions
Ip Rings is an active public limited company based in Maraimalai Nagar, Tamil Nadu, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 30 January 1991 (35+ years old) and is registered under CIN L28920TN1991PLC020232. Listed on BSE: 523638 and NSE: IPRINGLTD.
Ip Rings reported revenue of ₹336.79 Cr for FY 2025-26 (up 11% YoY) based on consolidated financials.
Ip Rings has 6 current directors:
- Venkataramani Anantharamakrishnan - Managing Director
- Muthalagu Govindarajan - Director
- Vikram Vijayaraghavan - Director
- Navin Paul - Director
- Anandi Iyer - Director
- Nagarajan Balavijayan - Additional Director
The latest financial statements of Ip Rings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ip Rings is 33AAACI0908C1ZC, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 06AAACI0908C1Z9 (Haryana).
The CIN (Corporate Identification Number) of Ip Rings is L28920TN1991PLC020232. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ip Rings is a listed company as per MCA records. Its shares are listed on both BSE (code: 523638) and NSE (symbol: IPRINGLTD).
Ip Rings has 60 court cases on record: 22 filed by the company and 38 filed against it. 7 are pending. Most are in the high courts.
Ip Rings was incorporated on 30 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chennai.
Ip Rings has 5 deals on record (4 market trades, 1 rights issue); the latest was in March 2026.
Nagarajan Balavijayan was appointed as Additional Director on 29 May 2026. Anandi Iyer was appointed as Director on 01 Oct 2024. Sandhya Shekhar ceased to be Director on 30 Sep 2024. Ip Rings has 44 board changes on record in total.

