IST Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • SEZ: 77.8% • Manufacturing: 22.2%
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.4
CONS
- A large part of profit comes from other income (60.5% of PBT)
- Company has a low return on equity of 9.4% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.44x)
- Company's sales have been declining over the last five years
- Operating margins have contracted to 70.9% from 110.6%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSON | 164.00 | 39.52 | 173092.86 | 0.37 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| BOSCHLTD | 48602.60 | 60.66 | 143358.71 | 0.56 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| UNOMINDA | 1223.50 | 58.77 | 70653.11 | 0.22 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| TIINDIA | 2650.00 | 84.58 | 51296.66 | 0.13 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| SONACOMS | 803.10 | 72.02 | 50123.75 | 0.42 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| ENDURANCE | 2716.60 | 39.40 | 38212.47 | 0.42 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| CRAFTSMAN | 11852.65 | 66.68 | 30999.93 | 0.09 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| ZFCVINDIA | 2528.05 | 57.63 | 28770.60 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| SANSERA | 4107.40 | 73.56 | 25631.64 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 14.29 | 19.18 |
| MSUMI | 36.32 | 38.39 | 24086.20 | 1.60 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| GABRIEL | 1340.50 | 79.82 | 23757.68 | 0.37 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| ISTLTD | 660.60 | 4.69 | 770.53 | 0.00 | 83.11 | 14.87 | 34.89 | 18.72 | 13.21 | 45.68 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 | 24 | 28 | 29 | 29 | 31 | 27 | 28 | 29 | 29 | 34 | 34 | 35 | |
| 6 | 5 | 8 | 9 | 6 | 12 | 8 | 8 | 8 | 8 | 14 | 21 | 23 | |
| Operating Profit | 23 | 19 | 20 | 20 | 23 | 19 | 20 | 20 | 21 | 20 | 20 | 13 | 12 |
| OPM % | 79.57% | 77.64% | 72.64% | 70.57% | 79.85% | 62.16% | 71.81% | 70.27% | 72.17% | 70.51% | 59.54% | 38.29% | 35.14% |
| 29 | 21 | 30 | 16 | 50 | 39 | 14 | 4 | 72 | 19 | 60 | -18 | 87 | |
| Interest | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before Tax | 50 | 38 | 48 | 34 | 69 | 56 | 31 | 21 | 92 | 37 | 78 | -7 | 99 |
| Tax % | 25.93% | 14.53% | 32.75% | 27.63% | 23.31% | 16.49% | 24.86% | 22.01% | 20.94% | 23.81% | 20.49% | -27.63% | 16.26% |
| Net Profit | 0 | 0 | 0 | 0 | 53 | 47 | 23 | 17 | 72 | 29 | 62 | -10 | 83 |
| 31.66 | 27.61 | 27.66 | 21.11 | 45.22 | 40.40 | 19.98 | 14.37 | 62.02 | 24.84 | 53.18 | -8.15 | 71.25 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 79 | 107 | 111 | 116 | 118 | 137 | 125 | 121 | 110 | 115 | 132 | |
| 23 | 31 | 27 | 25 | 35 | 34 | 45 | 47 | 27 | 34 | 66 | |
| Operating Profit | 56 | 75 | 84 | 91 | 83 | 103 | 80 | 74 | 82 | 82 | 66 |
| OPM % | 71.06% | 70.73% | 76.04% | 78.06% | 70.08% | 75.30% | 64.00% | 61.51% | 74.99% | 70.87% | 49.91% |
| 24 | 24 | 28 | 35 | 34 | 41 | 58 | 41 | 95 | 107 | 148 | |
| Interest | 0 | 3 | 2 | 3 | 4 | 6 | 5 | 4 | 3 | 6 | 4 |
| Depreciation | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 6 |
| Profit before Tax | 77 | 93 | 107 | 119 | 108 | 133 | 128 | 107 | 169 | 178 | 207 |
| Tax % | 9.08% | 8.36% | 6.41% | 17.45% | 26.02% | 27.90% | 24.74% | 23.77% | 25.60% | 21.23% | 20.71% |
| Net Profit | 70 | 85 | 100 | 98 | 80 | 96 | 97 | 82 | 126 | 140 | 164 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 68.91 | 82.07 | 82.79 | 70.07 | 108.04 | 119.96 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- -1%
- 3 Years:
- -3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 9%
- 5 Years:
- 12%
- 3 Years:
- 13%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 10%
- 3 Years:
- 9%
- Last Year:
- 10%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 439 | 536 | 636 | 731 | 797 | 918 | 1,027 | 1,104 | 1,307 | 1,467 | |
| 50 | 39 | 36 | 37 | 44 | 39 | 45 | 61 | 49 | 42 | |
| Trade Payables | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
| 6 | -37 | -53 | -52 | -46 | -30 | -9 | 27 | 44 | 69 | |
| Total Liabilities | 501 | 543 | 624 | 722 | 801 | 935 | 1,069 | 1,197 | 1,406 | 1,585 |
| 141 | 205 | 201 | 221 | 238 | 15 | 14 | 16 | 16 | 17 | |
| 252 | 271 | 356 | 435 | 494 | 608 | 701 | 832 | 990 | 1,131 | |
| 7 | 8 | 7 | 7 | 8 | 5 | 4 | 4 | 8 | 13 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 7 | |
| Cash & Bank | 4 | 6 | 6 | 1 | 3 | 7 | 16 | 30 | 6 | 8 |
| 97 | 54 | 53 | 57 | 58 | 299 | 333 | 315 | 378 | 409 | |
| Total Assets | 501 | 543 | 624 | 722 | 801 | 935 | 1,069 | 1,197 | 1,406 | 1,585 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 91 | 96 | 104 | 99 | 95 | 55 | 134 | -1 | 42 | |
| Cash from Investing | -80 | -60 | -71 | -84 | -75 | -75 | -30 | -99 | -10 | -38 |
| Cash from Financing | 13 | -10 | -4 | -0 | -2 | -1 | 8 | -2 | -12 | -2 |
| 1 | 2 | -1 | -5 | 2 | -1 | 15 | 13 | -23 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for ISTLTD
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