International Combustion (India) Ltd

International Combustion (India) Ltd (INTLCOMBQ) is a micro-cap Capital Goods company valued at ₹100 crore operating in Industrial Products on the NSE and BSE.

Recent price move

International Combustion (India) Ltd last traded at ₹419.95, modestly up 1.79% on the day.

Recent developments

2026-09-02: International Combustion (India) Ltd is Rated Strong Sell. This negative development suggests concerns about the company's performance or future prospects, which may impact investor sentiment and trading activity.

Financial performance

The company's business is flat with annual revenue unchanged at ₹293 crore, but net profit swung from a ₹15 crore profit to a ₹2 crore loss. The latest quarter saw revenue rise 10.1% year-on-year to ₹66 crore, but the net loss widened to ₹4 crore from ₹1 crore a year earlier. Margins and returns are deeply negative, with net profit margin at -0.7% and return on equity at -1.4%.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 0.91 times book value.

Things to watch

The company's net profit has swung to a loss, and margins have deteriorated sharply. The net profit margin is now -0.7%, down 5.8 percentage points from the prior year. The company also has a low interest coverage ratio, indicating potential financial stress.

Where it stands

The DocStoX verdict of hold follows from the company's flat revenue and deteriorating profitability, despite some recent revenue growth. The most critical factor is the widening net loss and declining margins, which signal underlying weakness in the business.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.