Investment & Precision Castings Ltd (504786)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Investment & Precision's revenue was ₹53.4 Cr (+18.9% year on year, +4.3% on the previous quarter), and net profit ₹5.0 Cr (+129.9% year on year); the operating margin was 20.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹53.4 | +18.9% | +4.3% |
| Operating profit | ₹11.1 | +72.7% | +20.0% |
| Net profit | ₹5.0 | +129.9% | +32.3% |
| EPS (₹) | 4.99 | +130.0% | +32.4% |
| Operating margin | 20.7% | — | — |
📢 Recent Corporate Announcements
Investment & Precision Castings Ltd has received a follow-on purchase order on September 21, 2026, from PLR Systems Private Limited (a subsidiary of Adani Enterprises) for manufacturing Light Machine Gun components for defence use. Specific order values were withheld citing confidentiality obligations under the contract, though the company noted it expects a meaningful contribution to revenues. The company generated TTM revenues of Rs 197 Cr with a market capitalisation of Rs 1352 Cr, trading at a P/E of 92.7.
- Order received on 21.09.2026 from PLR Systems Private Limited (an Adani Enterprises subsidiary)
- Contract covers the supply of precision defence components for Light Machine Guns
- Specific order value not disclosed citing contractual confidentiality terms
- Transaction confirmed as non-related party
Investment & Precision Castings Limited announced the voting results of its 51st Annual General Meeting held on August 13, 2026. Shareholders approved all five proposed resolutions with overwhelming support (>99.99% majority). Key approvals included the FY26 audited accounts, declaration of a 10% dividend (Rs 1.00 per share of Rs 10 face value), and a special resolution to increase overall managerial remuneration for Directors. Additionally, the reappointment of retiring director Mrs. Vishakha P. Tamboli and cost auditor remuneration were ratified.
- Approved dividend of 10% (Rs 1.00 per equity share of FV Rs 10) for FY26 with 99.9997% votes in favor
- Special resolution passed to increase overall managerial remuneration of Directors with 99.997% favorable votes (1,167,195 votes in favor vs 36 against)
- Adoption of FY26 Standalone and Consolidated Audited Financial Statements approved with 5,381,493 votes in favor (99.9997%)
- Re-appointment of Mrs. Vishakha P. Tamboli as Director retiring by rotation approved by 99.997% majority
Investment & Precision Castings Ltd has released its unaudited financial results for the quarter ended June 30, 2026. The statutory auditors issued an unmodified review report for both standalone and consolidated statements. While the parent company's specific quarterly figures were not detailed in the text extract, the consolidated results include a wholly-owned subsidiary, I&PCL Vacuum Cast Limited, which reported Nil revenue and a marginal loss of ₹0.23 lakhs. The company enters this fiscal year with a high P/E of 97.1, following a strong FY26 where revenue reached ₹188 Cr.
- Statutory auditors P A R K & COMPANY issued an unmodified limited review report for Q1 FY27.
- Wholly-owned subsidiary I&PCL Vacuum Cast Limited reported a net loss of ₹0.23 lakhs for the quarter.
- Subsidiary revenue for the quarter ended June 30, 2026, stood at Nil.
- The company maintained its promoter holding at 51.97% as of the most recent March 2026 filing.
- TTM revenue stands at ₹188 Cr with a TTM PAT of ₹12 Cr as per the provided financial context.
Investment & Precision Castings Ltd has released its unaudited financial results for Q1 FY27 (ended June 30, 2026). The auditor's report provided an unmodified conclusion for both standalone and consolidated results. A key detail is that the wholly-owned subsidiary, I&PCL Vacuum Cast Limited, reported zero revenue and a marginal net loss of Rs 0.23 lacs for the quarter. Given the company's high P/E of 97.1 and TTM revenue of Rs 188 Cr, investors should focus on the parent company's growth trajectory relative to its Rs 1142 Cr market cap.
- Wholly-owned subsidiary I&PCL Vacuum Cast Limited reported Nil revenue for the quarter ended June 30, 2026.
- The subsidiary recorded a marginal net loss and total comprehensive loss of Rs 0.23 lacs.
- Auditors P A R K & Company issued an unmodified review report, indicating no material misstatements were found.
- The company maintains a TTM revenue of Rs 188 Cr and a TTM PAT of Rs 12 Cr as of the latest annual cycle.
- Promoter holding has remained stable at 51.97% as per the last four reported quarters.
Investment & Precision Castings has scheduled a board meeting for August 13, 2026, to review and approve un-audited financial results for the quarter ended June 30, 2026. The company enters this period with a TTM revenue of Rs 188 Cr and a PAT of Rs 12 Cr, reflecting a significant turnaround from FY25 where PAT was Rs 6 Cr. The stock has demonstrated strong momentum with a 119% return over the past 12 months, currently trading at a P/E of 92.7. Insider trading has been restricted since July 1, 2026, in anticipation of these results.
- Board meeting scheduled for August 13, 2026, at 10:30 A.M. at the Bhavnagar registered office.
- Agenda includes approval of standalone and consolidated un-audited results for the quarter ended June 30, 2026.
- Trading window remains closed from July 1, 2026, until 48 hours after the results are published.
- Company reported a TTM Operating Profit Margin of 16.4% as of the latest full-year results.
Investment & Precision Castings Ltd has scheduled a board meeting for August 13, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company enters this quarter following a strong FY26 where revenue grew to Rs 188 Cr from Rs 165 Cr in FY25, with operating margins improving from 14% to 16%. Given the current high P/E ratio of 92.7, the upcoming results will be critical to justify the stock's 118.5% price return over the last six months. The trading window remains closed until 48 hours after the results are announced.
- Board meeting scheduled for August 13, 2026, at 10:30 A.M. at the Bhavnagar registered office.
- Agenda includes approval of both standalone and consolidated financial results for Q1 FY27.
- Trading window for insiders has been closed since July 1, 2026.
- Company reported a TTM PAT of Rs 12 Cr on a revenue base of Rs 188 Cr as of March 2026.
- Stock has delivered a 119.1% return over the last 12 months leading up to this announcement.
Investment & Precision Castings Ltd has scheduled its 51st Annual General Meeting (AGM) for August 13, 2026, at 4:30 P.M. in Bhavnagar, Gujarat. Along with the notice, the company has released its Annual Report for the financial year 2025-26. This is a routine regulatory filing in compliance with SEBI (LODR) Regulations. Investors can access the full report on the company's website to review audited financials and management discussion.
- 51st Annual General Meeting to be held on August 13, 2026
- Meeting scheduled for 4:30 P.M. IST at Efcee Sarovar Portico, Bhavnagar
- Annual Report for the financial year 2025-26 has been dispatched electronically
CARE Ratings has upgraded Investment & Precision Castings Ltd's (IPCL) long-term rating to 'CARE BBB; Stable' and short-term rating to 'CARE A3+'. The upgrade is driven by a strong FY26 performance where Total Operating Income grew 14% to ₹189.20 crore and PAT nearly doubled to ₹11.77 crore. Profitability improved significantly with PBILDT margins expanding to 16.80%, supported by a reduction in auto-sector dependence from 78% in FY22 to 64% in FY26. Debt coverage indicators have strengthened, with interest coverage rising to 5.04x and overall gearing remaining comfortable at 0.70x.
- Total Operating Income increased 14% YoY to ₹189.20 crore in FY26.
- Operating profit (PBILDT) margin expanded by 288 bps to 16.80% in FY26.
- Auto industry revenue concentration reduced from 78% in FY22 to 64% in FY26.
- Interest coverage ratio improved to 5.04x from 3.36x YoY.
- Total casting capacity maintained at 3,060 MTPA as of June 30, 2026.
Financial Performance
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