Industrial And Prudential Investment Company Limited

Financial Services — Asset Management · NSE

₹6,350.00+₹125.00 (+2.01%)

DalalBaazaar Score

69 / 100

🟢 Good

Verdict

NEUTRAL

Risk

Moderate

Driven by micro-cap size, which brings thin liquidity, falling profits.

In simple words: The business is earning a fairly low return on the money invested in it, but sales are shrinking. The direction of profits is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:58 pm

Understanding the Business

Company site ↗

The 60-second version of Industrial And Prudential Investment Company Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Industrial & Prudential Investment Company Limited is a publicly owned investment manager. The firm is zero debt company and has equity investment portfolios. Industrial & Prudential Investment Company Limited is based in Mumbai, India with an additional office in Kolkata, India.

IndustryAsset Management

SectorFinancial Services

Annual revenue₹6 Cr

How does it make money?

Turns over ₹6 Cr a year. Of every ₹100 of sales, about ₹982 reaches shareholders as profit, with ₹85 left at the operating level before interest, tax and depreciation.

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, HDFC BANK LTD, ICICI BANK LTD., STATE BANK OF INDIA. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Not assessable from these ratios

For a lender, returns on capital are shaped by leverage and funding cost rather than by pricing power, so the usual financial signature of an advantage does not apply. Judge this one on deposit franchise, cost of funds and asset quality — none of which are in this data.

Peer median ROE16.5%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved +9% while net margin moved +30% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+9%

Margin effect+30%

DalalBaazaar Score

69/ 100

Good

Weighted across six categories. Every point is explained below.

✗ Revenue CAGR of only 3.1% — barely ahead of inflation
• Profit CAGR of 12.5%
✗ Latest-year revenue growth of -6.7% is below the longer-term trend — momentum is fading
✗ Profit fell 20.6% in the latest year

Quality vs. Valuation

Company Quality

68/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

55/ 100

Fair

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

Historical Valuation

Current P/E

17.8x

Sector Median

17.0x

median of 4 sector peers

🟡Against its sector it is priced broadly in line with the peer median of 17.0x.

vs. its own history

Not enough price and earnings history

vs. sector peers

Fair

17.0x median of 4 peers · +5%

vs. generic bands

Fair

15x–35x

EV/EBITDA

191.9x

PEG

1.42

What's Good / What's Bad

🟢 What's Going Well1

Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

1 item require attention · 1 watch

🟡Margins are compressingFinancial
EBITDA margin is down 4.7 points over 3 years.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 90.1% to 85.4%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Growth barely outpaces inflation
Revenue compounding at 3.1% a year is close to the rate prices rise, so the business is gaining little ground in real terms. That leaves the share price dependent on a re-rating rather than on earnings growth.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 83%✓ 85.4%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Return on equity stays above 8%✗ 7.5%
For a lender this is the cleanest single read on whether the book is being grown profitably.
3Revenue growth stays above 4% a year✗ 3.1% CAGR
Latest reported year was -6.7%. The bar is set below the established compounding rate, so ordinary variation does not trip it.

Investment Checklist

5 / 9 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high

Price history

Quick Metrics

3 good · 4 neutral · 4 weak

Market Cap

₹1,064 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

17.8x

Fair

Fairly valued against the generic band

P/B Ratio

1.25x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹356.22

Profitable

Profitable on a per-share basis

ROE

7.5%

Weak

Weak capital efficiency

ROCE

0.6%

Weak

Low return on total capital employed

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

-6.7%

Shrinking

Sales are contracting

Profit Growth (YoY)

-20.6%

Falling

Profits are shrinking

Dividend Yield

1.89%

Modest

Small cash return — most of the return has to come from the price

Free Cash Flow

₹23 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

88.1%

Good

Healthy core-business profitability

Net Margin

953.4%

Good

Strong bottom-line conversion

Current Ratio

3.69

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

-0.02

Defensive

Steadier than the market

52W Range Position

65%

Mid-range

Technical Snapshot

RSI (14)

58.5

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹6 Cr	₹6 Cr	₹7 Cr	₹6 Cr	+3.1%
EBITDA	₹5 Cr	₹5 Cr	₹6 Cr	₹6 Cr	+1.3%
EBITDA Margin	90.1%	90.5%	85.0%	85.4%	—
PAT (Net Profit)	₹45 Cr	₹49 Cr	₹60 Cr	₹64 Cr	+12.5%
ROE	7.2%	6.4%	7.4%	7.5%	—
ROCE	0.9%	0.7%	0.7%	0.6%	—
Free Cash Flow	₹11 Cr	₹0 Cr	₹0 Cr	₹23 Cr	+29.5%

🟢 Revenue has grown at 3.1% a year over 3 years.

🟡 EBITDA has been broadly flat over 3 years (1.3% a year).

🔴 EBITDA Margin has fallen from 90.1% to 85.4% over 3 years (-4.7 pts).

🟢 PAT (Net Profit) has grown at 12.5% a year over 3 years.

🟡 ROE has held roughly flat at 7.5% over 3 years.

🟡 ROCE has held roughly flat at 0.6% over 3 years.

🟢 Free Cash Flow has grown at 29.5% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹880 Cr

Total Liabilities

₹30 Cr

Total Debt

—

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹23 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

70.6%

Corporate Actions

Dividend Rate

₹120

Ex-Dividend Date

12 Aug 2026

Peer Comparison

Company	P/E	ROE
BAJAJ FINANCE LIMITED	30.2x	17.8%
HDFC BANK LTD	15.9x	13.8%
ICICI BANK LTD.	18.1x	16.5%
STATE BANK OF INDIA	10.3x	15.2%

Recent News

1 mixed5 general

Industrial & Prudential Investment Company Slips Marginally as INDPRUD.NS Holds Above ₹6,000 - Zero Lag EMA

siam.in, 29 Sept

INDPRUD Stock Price and Chart — NSE:INDPRUD

TradingView, 20 Apr

Industrial & Prudential Investment Company Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 30 Aug

Top 15 Low-Price Stocks In India To Buy In October 2026

Samco, 17 Oct

Industrial & Prudential Investment Company (INDPRUD.NS) Jun 2026 Earnings: Strong Per-Share Profit on a Modest Revenue Base - Final Results

https://www.siam.in/, 06 OctResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Stocks to Watch Today: Tenneco Clean Air, BEML, HG Infra Engg, Diamond Power, Larsen and Toubro, Ardee...

Moneycontrol.com, 12 Aug

Watch Items

Revenue growth is negative (-6.7%) on the latest reported period — check if this is one-off or a trend.
This is a financial-sector business: borrowing is its raw material, not leverage in the usual sense. Debt/Equity and ROCE here aren't comparable to a manufacturer's — read them alongside NIM, GNPA and capital adequacy from the company's own disclosures.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

StrongBusiness Quality · Financial Health · Valuation

MiddlingGrowth · Profitability · Risk

Points for each in the Score ↑

Good business at a fair price

A sound business at a reasonable valuation. Suitable for a long-term holding, with the valuation and the direction of margins worth watching rather than the business itself.

2 of 3 tripwires tripped — Return on equity stays above 8%; Revenue growth stays above 4% a year · see Key things to watch ↑