ALFA Finder
| P/E TTM | 91.64Sector PE 52.08 |
|---|---|
| Market Cap | ₹1,335.9 CrMid-range Performer |
| 1-Year Return | 170.21%Price Performance |
| Promoter Holding | 51.97%No Shares Pledged |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 58.0 | 53.4 | 44.1 |
| Other Income | 0.2 | 0.2 | 0.4 |
| Total Income | 58.2 | 53.5 | 44.5 |
| Profit Before Tax | 8.3 | 7.1 | 4.3 |
| Net Profit | 5.8 | 5.0 | 3.0 |
| Operating Margin | 14.3% | 13.3% | 9.7% |
| Net Profit QoQ | +16.0% | ||
| Net Profit YoY | +93.3% | ||
| Adj. Profit QoQ | +17.4% | ||
| Adj. Profit YoY | +107.7% | ||
Key highlights
- Net profit surged 93.3% YoY to ₹5.8 crore in Q2-27 from ₹3.0 crore in the same period last year
- Revenue from operations grew 31.5% YoY to ₹58.0 crore, up from ₹44.1 crore in Q2-26
- Operating margins expanded by 460 basis points to reach 14.3% during the quarter
- Sequentially, net profit increased by 16.0% compared to the ₹5.0 crore reported in Q1-27
- Standalone Profit Before Tax (PBT) reached ₹8.3 crore, nearly doubling from ₹4.3 crore YoY
Operational Efficiency Drives Strong Margin Expansion
Investment & Precision Castings saw its operating margin climb to 14.3% in Q2-27, a significant improvement from the 9.7% recorded in the corresponding quarter of the previous year. This expansion was driven by a 31.5% increase in revenue from operations while key costs remained controlled. Total income for the quarter stood at ₹58.2 crore, reflecting steady demand in the company's core investment casting business.
The management reported that the profit before tax climbed to ₹8.3 crore, representing a year-on-year growth of 93%. The company continues to operate in a single primary segment, as noted in its regulatory filings, focusing on precision components for industrial applications.
Defence and Aerospace Orders Support Growth Trajectory
- Commenced series production of components for CQB Carbines on October 17, 2026, with first deliveries slated for November.
- Secured a significant combat aircraft component order from Hindustan Aeronautics Limited (HAL) in September 2026.
- Board approved a capital investment of up to ₹1.00 crore for project development in Aerospace, Defence, and Energy sectors.
- Leveraging a 4 MWp captive solar power plant commissioned in March 2026 to optimize energy-related operational expenses.
- Maintained a high Piotroski Score of 8, indicating consistent improvements in efficiency and liquidity metrics.
Historical Performance and Market Context
The Q2-27 result marks a sustained upward trend for IPCL, which reported profits of ₹4.99 crore in Q1-27 and ₹3.77 crore in Q4-26. This trajectory demonstrates a significant scale-up from the ₹3.03 crore net profit reported in Q2-26. Despite a slight monthly price correction of 11.4%, the stock has delivered a robust 170.21% return over the last year.
While the current valuation at a P/E of 91.64 is higher than the sector average of 52.08, the company's expansion into specialized defence series production and aerospace components provides a differentiated positioning within the castings and forgings industry.
Strategic Capital Allocation
The Board has approved a capital investment of up to ₹1.00 crore towards the development and execution of various projects in the Aerospace, Defence & Energy sector, aimed at strengthening the Company's capabilities, expanding its infrastructure, and capitalising on emerging business opportunities in these strategic sectors.
| Date | Announcement | Amount |
|---|---|---|
| 13 Aug 2026 | Q1 FY27 Net ProfitSource: hdfcsec.com | ₹4.99 Cr |
| 19 May 2026 | Q4 FY26 Net ProfitSource: hdfcsec.com | ₹3.77 Cr |
| 04 Feb 2026 | Q3 FY26 Net ProfitSource: scanx.trade | ₹2.79 Cr |
| 10 Nov 2025 | Q2 FY26 Net ProfitSource: scanx.trade | ₹3.03 Cr |
| 12 Aug 2025 | Q1 FY26 Net ProfitSource: markets.businessinsider.com | ₹2.17 Cr |
| 22 May 2025 | Q4 FY25 Net ProfitSource: markets.businessinsider.com | ₹1.90 Cr |
What to watch next
- Commencement of deliveries for CQB Carbine components in November 2026
- Execution progress on combat aircraft component orders from HAL through H2 FY27
- Operational impact of solar energy savings on H2 FY27 bottom-line performance
| Share price | ₹1335.9 |
|---|---|
| Market capitalisation | ₹1,335.90 Cr |
| Revenue (annual) | ₹188.45 Cr |
| Net profit (annual) | ₹11.76 Cr |
| Revenue (latest quarter) | ₹53.37 Cr+4.31% vs previous quarter |
| Net profit (latest quarter) | ₹4.99 Cr+32.34% vs previous quarter |
| P/E (TTM) | 91.64×Sector 52.08× |
| Promoter holding | 51.97%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Investment & Precision Castings Ltd announcing un-audited standalone and consolidated financial results for the quarter ended September 30, 2026. Market figures from a third-party data provider.
