IPD Group Ltd (IPG) AI Stock Analysis

• Market Cap: AU$536.54M
• Dividend Yield: 2.93%
• Average Volume (3M): 124.18K
• Price to Earnings (P/E): 19.9
• Beta (1Y): 0.83
• Revenue Growth: 22.13%
• EPS Growth: 9.16%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.14
• Shares Outstanding: 103,980,120
• 10 Day Avg. Volume: 195,581
• 30 Day Avg. Volume: 124,176
• PEG Ratio: 1.36
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 0.87
• P/FCF Ratio: 8.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$5.32
• Price Target Upside: 3.10% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.29
• Revenue Forecast (FY): AU$404.75M

• Rating: 73 Outperform
• Price Target: AU$5.50 ▲(6.59% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is driven primarily by solid financial stability (improving leverage and steady profitability) and strong technical momentum (price above major moving averages with positive MACD). These positives are tempered by weaker cash flow growth and a lower ROE, while valuation appears fair-to-moderate rather than clearly compelling.

Positive Factors

Improving leverage

A materially lower debt-to-equity and a ~59.6% equity ratio reduce financial risk and raise balance-sheet flexibility. For a distributor with working-capital needs, this durable improvement supports investment in inventory, supplier terms, and selective M&A without materially increasing insolvency risk.

Consistent revenue growth

Sustained top-line growth around the mid-single digits indicates steady end-market demand and repeat business in industrial and commercial electrical markets. For a distributor, persistent revenue growth underpins scale benefits, supplier leverage, and the ability to expand higher-margin services over time.

Stable profitability margins

Stable net and healthy operating margins show efficient cost and operational management across distribution and service lines. Durable margin profiles provide capacity to fund working capital and reinvest in technical services, insulating long-term earnings power from moderate revenue swings.

Negative Factors

Declining ROE

A drop in return on equity of this magnitude signals reduced effectiveness in converting shareholder capital into profits. Over months, lower ROE can constrain investor returns and suggest either margin pressure, asset underutilization, or a shift to a more equity-funded capital structure that may limit growth leverage.

Weak free cash flow growth

A sharp fall in FCF growth, despite operating cash flow improvements, indicates timing or quality issues in cash conversion. For a capital-light distributor, sustained FCF weakness can impair dividends, capex, debt paydown, and funding for working-capital needs, limiting strategic flexibility over the medium term.

Gross margin pressure

A persistent decline in gross margin suggests supplier cost increases, pricing pressure, or a shift to lower-margin product mix. If sustained, margin compression forces reliance on volume or service revenue to preserve profits, raising execution risk and reducing the cushion against economic or input-cost shocks.

IPD Group Ltd Business Overview & Revenue Model

Company Description

IPD Group limited distributes electrical equipment in Australia. The company offers power distribution, industrial and motor control, automation and industrial communication, power monitoring, electric vehicle solutions, and other products under the ABB, Elsteel, Emerson, and Red Lion brand names. In addition, it provides installation and commissioning, calibration and testing, maintenance and repair, and refurbishment services. It serves switchboard manufacturers, electrical wholesalers, electrical contractors, power utilities, original equipment manufacturers, and system integrators. The company was formerly known as Alstom Industrial Products Limited and changed its name to IPD Group limited in July 2006. IPD Group limited was founded in 1889 and is headquartered in Wetherill Park, Australia.

How the Company Makes Money

IPG generates revenue primarily through the sale of its software solutions and related services. The company employs a subscription-based model for its cloud-based products, providing a steady stream of recurring revenue. Additionally, IPG earns income from licensing its software to enterprises, offering customization and integration services, and providing ongoing technical support and maintenance. Strategic partnerships with technology providers and resellers further enhance its distribution channels, contributing to its overall earnings. The company also engages in consulting services, helping organizations optimize their technology investments, which serves as another significant revenue stream.

IPD Group Ltd Financial Statement Overview

Summary

Solid overall fundamentals: consistent revenue growth and stable net margins, improving leverage (debt-to-equity down to 0.19) and a strong equity ratio (~59.6%). Offsetting factors include a lower ROE (down to 14.84%) and a sharp recent decline in free cash flow growth (-62.3%).

Income Statement

IPD Group Ltd has shown consistent revenue growth over the years, with a recent growth rate of 2.39% in the latest annual report. The gross profit margin has slightly decreased from 37.12% to 34.21%, indicating some pressure on cost management. However, the net profit margin remains stable at around 7.38%, reflecting solid profitability. The EBIT and EBITDA margins are healthy, indicating efficient operational management.

Balance Sheet

The company's debt-to-equity ratio has improved, decreasing from 0.30 to 0.19, suggesting a stronger equity position and reduced leverage risk. The equity ratio stands at approximately 59.61%, indicating a solid equity base relative to total assets. However, the return on equity has decreased from 22.05% to 14.84%, which may indicate challenges in generating returns on shareholder investments.

Cash Flow

Operating cash flow has increased significantly, but free cash flow growth has been negative recently, declining by 62.3%. The operating cash flow to net income ratio is 0.47, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is strong at 0.94, suggesting effective cash management despite recent growth challenges.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	370.44M	354.89M	290.47M	227.09M	176.86M	118.09M
Gross Profit	57.94M	121.41M	107.82M	86.98M	67.55M	17.38M
EBITDA	48.96M	44.59M	38.22M	28.25M	20.31M	13.75M
Net Income	26.90M	26.19M	22.36M	16.08M	11.12M	6.51M
Balance Sheet
Total Assets	344.86M	275.02M	272.77M	139.61M	124.85M	97.40M
Cash, Cash Equivalents and Short-Term Investments	24.19M	20.86M	22.28M	20.76M	25.40M	40.80M
Total Debt	88.78M	31.55M	44.70M	13.81M	12.56M	14.60M
Total Liabilities	172.83M	111.10M	122.03M	66.69M	61.42M	47.40M
Stockholders Equity	172.03M	163.92M	150.74M	72.92M	63.43M	50.00M
Cash Flow
Free Cash Flow	30.34M	37.16M	21.57M	5.26M	9.20M	9.62M
Operating Cash Flow	32.29M	39.40M	23.36M	7.42M	11.19M	10.29M
Investing Cash Flow	-35.06M	-2.01M	-104.86M	-2.10M	-4.12M	-3.48M
Financing Cash Flow	-1.79M	-38.85M	83.01M	-10.03M	5.81M	-5.90M

IPD Group Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IPG, the sentiment is Positive. The current price of 5.16 is above the 20-day moving average (MA) of 4.64, above the 50-day MA of 4.49, and above the 200-day MA of 3.80, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 68.58 is Neutral, neither overbought nor oversold. The STOCH value of 90.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:IPG.

IPD Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DUR	74 Outperform	AU$562.11M	23.83	34.21%	2.25%	3.10%	5.08%
IPG	73 Outperform	AU$536.54M	19.90	16.64%	2.93%	22.13%	9.16%
CLX	71 Outperform	AU$180.00M	8.77	11.37%	4.59%	1.33%	-11.07%
ACF	69 Neutral	€289.75M	14.01	16.13%	5.71%	25.14%	-14.54%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3DA	55 Neutral	AU$252.43M	-7.03	-59.01%	―	722.02%	-0.77%

IPD Group Ltd Corporate Events

IPD Group Beats Guidance With Record 1H26 Earnings and Expands in Mining Cables

IPD Group reported record first-half 2026 revenue of $192.7 million, up 8.9% year on year, and an 8.3% rise in underlying NPAT to $14.4 million, with earnings exceeding the top end of prior guidance. Growth was driven by larger projects and strong demand in infrastructure segments, notably a 16% rise in data centre revenue and double-digit gains in power distribution products, even as competitive pressures nudged gross margins down to 33.3%.

Subsidiaries EX Engineering and CMI delivered solid performances, with EX Engineering revenue up 55% on a major oil and gas cable contract and CMI posting higher EBIT and a healthy order book to support second-half momentum. IPD strengthened its balance sheet by securing new debt to fund the acquisition of Platinum Cables, positioning the group to expand its specialised cable offering in mining and resources while maintaining conservative leverage and robust operating cash flow conversion.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Declares AUD 0.068 Interim Dividend for December 2025 Half-Year

IPD Group Ltd has declared a fully paid ordinary share dividend of AUD 0.068 per share for the six-month period ended 31 December 2025, continuing its practice of semi-annual distributions to investors. The dividend will trade ex-dividend on 26 March 2026, with a record date of 27 March 2026 and payment scheduled for 10 April 2026, providing a defined timeline for shareholders to position around the cash payout and assess the income component of their investment in the company.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Releases Detailed Half‑Year Financial Report for December 2024

IPD Group Ltd has released its half‑year financial report for the period ended 31 December 2024, providing consolidated statements of profit or loss, financial position, cash flows, and changes in equity. The report also includes segment information, details on dividends, earnings per share, issued capital, business combinations, and intangible assets, signalling active capital allocation and growth initiatives.

The disclosure of post‑balance‑date events and business combinations suggests the company is pursuing expansion and potentially reshaping its asset base, which may influence future earnings and balance‑sheet strength. For investors and other stakeholders, the comprehensive interim report offers transparency on IPD Group’s financial performance, capital structure, and strategic activity at the mid‑year point, informing assessments of its operational momentum and risk profile.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Sets Date for 1H26 Results and Investor Briefing

IPD Group Limited has announced it will release its financial results for the half year ended 31 December 2025 on 23 February 2026. The company’s CEO and CFO will host a live investor and analyst briefing on the same day, offering both webcast and dial-in access for participants, underscoring IPD’s ongoing engagement with the market and transparency with stakeholders ahead of its 1H26 financial disclosure.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Issues New Shares and Lodges Cleansing Notice

IPD Group Limited has issued 129,429 fully paid ordinary shares and has lodged a cleansing notice confirming the shares were issued without a prospectus under applicable Corporations Act provisions. The company affirmed it is up to date with its financial reporting and continuous disclosure obligations and that there is no excluded information, a step that facilitates secondary trading of the new shares and underscores its compliance posture for investors and the market.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.20 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Seeks ASX Quotation for 129,429 New Ordinary Shares

IPD Group Ltd has applied to the ASX for quotation of 129,429 new ordinary fully paid shares, to be traded under its existing ticker IPG. The additional securities, issued on 15 January 2026 as part of previously announced transactions, will expand the company’s quoted share capital base, modestly increasing liquidity for investors and formalising market trading in these new shares.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.20 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Updates Market on Director Mohamed Yoosuff’s Securities Holdings

IPD Group Limited has reported a change in the interests of director Mohamed Yoosuff, detailing his direct and indirect holdings in the company’s ordinary fully paid shares and performance rights as required under ASX listing rules. The notice confirms that 6,869 FY24 Performance Rights previously held by Yoosuff under the company’s Employee Incentive Plan have been disposed of, leaving his direct and indirect shareholdings unchanged, a move that clarifies his current equity position for investors and enhances transparency around executive incentives and ownership structure.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Announces Lapse of 6,869 Performance Rights

IPD Group Ltd has notified the market that 6,869 performance rights (ASX code IPGAA) have lapsed after the conditions attached to these rights were not satisfied by 31 December 2025. The cessation slightly reduces the company’s pool of potential equity-based incentives, signalling that specific performance or vesting hurdles were not met, but the announcement does not indicate any material impact on IPD Group’s broader capital structure or provide further detail on operational implications for shareholders or employees.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Sets Investor Briefing on Platinum Cables Acquisition

IPD Group Limited has scheduled an investor conference call on 6 January 2026 to discuss its recently announced acquisition of Platinum Cables Pty Ltd, with CEO Michael Sainsbury and CFO Jason Boschetti set to brief investors via live webcast and dial-in. The briefing will provide the market with further detail on the strategic rationale and implications of the Platinum Cables deal, signaling the company’s intent to deepen its capabilities and product offering in electrical infrastructure as it continues to build its role in supporting electrification and decarbonisation trends.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Completes Acquisition of Platinum Cables to Boost Mining-Sector Growth

IPD Group has completed its acquisition of Platinum Cables Pty Ltd, a leading Australian supplier of high-performance cable solutions to the mining and resources sector, in a deal funded primarily through cash and an expanded debt facility with Commonwealth Bank of Australia. The transaction is billed as a major step in IPD’s growth strategy, immediately strengthening its mining-sector footprint, adding specialised technical expertise, and promising earnings accretion and revenue synergies as the group deepens customer relationships and capitalises on the broader electrification trend underpinning Australia’s resource-heavy economy.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Plans Modest Share Placement of 130,686 New Shares

IPD Group Ltd has announced a proposed placement of up to 130,686 ordinary fully paid shares, to be issued on 16 January 2026, subject to ASX processes. The additional equity raising, disclosed via an Appendix 3B filing, will modestly expand the company’s share base and may provide incremental capital for corporate purposes, with limited dilution for existing shareholders given the relatively small size of the issue.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Buys Platinum Cables to Bolster Mining-Sector Growth

IPD Group has acquired Platinum Cables Pty Ltd, a leading Australian supplier of high-performance cable solutions to the mining industry, in a $37.5 million deal priced at roughly 5.2 times expected FY25 EBIT. The acquisition, which brings Platinum Cables’ projected FY25 revenue of $44.8 million and EBIT of $7.2 million into the group, is expected to be 11.5% EPS accretive on a pro forma basis and significantly strengthen IPD’s positioning and customer relationships in the mining sector, while creating meaningful cross-selling opportunities across its broader product portfolio.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group to Acquire Platinum Cables in Earnings-Accretive Mining Sector Expansion

IPD Group has agreed to acquire Platinum Cables, a specialist Australian supplier of high-performance power, communication and optical fibre cables to the mining and resources sector, for an upfront consideration of $37.5 million plus up to $7.5 million in earn-out payments. The largely debt-funded deal, expected to complete on 31 December 2025, is forecast to be immediately earnings accretive, lifting IPD’s pro forma FY25 EPS by about 11.5% and increasing EBIT margins, while keeping leverage modest at around 0.9x EBITDA; by adding Platinum’s fast-growing, high-margin cable portfolio and technical expertise, IPD aims to deepen its presence in the mining market, unlock cross-selling opportunities with no product overlap, and reinforce its position in the energy transition and electrification theme with minimal shareholder dilution.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Announces Change in Director’s Interest

IPD Group Limited has announced a change in the director’s interest, specifically concerning Michael Sainsbury. The update reveals that Sainsbury has acquired 175,628 FY26 Performance Rights and 28,666 FY26 Performance Rights roll-forward, with no disposals reported. This change reflects adjustments in the director’s investment portfolio, potentially impacting the company’s governance and stakeholder interests.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Ltd Issues Unquoted Equity Securities as Employee Incentives

IPD Group Ltd has announced the issuance of unquoted equity securities in the form of performance rights under an employee incentive scheme. This move involves a total of 488,283 performance rights for the fiscal year 2026, which are not yet quoted on the ASX due to transfer restrictions. This issuance is part of IPD Group’s strategy to incentivize employees and aligns with their operational goals for the upcoming fiscal year, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Ltd Issues Disclaimer at Taylor Collison Conference

The Taylor Collison Electrical & Defence Conference presentation by IPD Group Ltd emphasizes that the information provided is not intended as investment advice and should not be relied upon for making investment decisions. The document includes disclaimers about the accuracy and reliability of the information, highlighting that past performance is not indicative of future results and that forward-looking statements involve risks and uncertainties. Stakeholders are advised to seek independent advice and not rely solely on the presentation for financial decisions.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Limited Successfully Passes All AGM Resolutions

IPD Group Limited announced that all resolutions proposed at their Annual General Meeting were successfully carried by a poll. This outcome reflects strong shareholder support and may positively impact the company’s strategic initiatives in energy management and automation, reinforcing its position in the industry.

The most recent analyst rating on (AU:IPG) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.