Indag Rubber Ltd
₹ 136
-0.40%
02 May
- close price
About
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products[1]
Key Points
- Market Cap ₹ 356 Cr.
- Current Price ₹ 136
- High / Low ₹ 308 / 115
- Stock P/E 42.3
- Book Value ₹ 87.6
- Dividend Yield 2.21 %
- ROCE 4.68 %
- ROE 3.69 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 56.5%
Cons
- The company has delivered a poor sales growth of 3.78% over past five years.
- Company has a low return on equity of 5.85% over last 3 years.
- Earnings include an other income of Rs.12.1 Cr.
- Working capital days have increased from 94.0 days to 132 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Plantation & Plantation Products Industry: Miscellaneous
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 232 | 242 | 253 | 184 | 164 | 169 | 187 | 170 | 167 | 244 | 251 | 225 | |
| 195 | 201 | 207 | 154 | 146 | 157 | 171 | 153 | 166 | 230 | 233 | 220 | |
| Operating Profit | 37 | 41 | 46 | 29 | 18 | 12 | 16 | 17 | 1 | 14 | 18 | 4 |
| OPM % | 16% | 17% | 18% | 16% | 11% | 7% | 9% | 10% | 1% | 6% | 7% | 2% |
| 2 | 3 | 5 | 6 | 7 | 5 | 5 | -9 | 6 | 8 | 10 | 12 | |
| Interest | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 5 | 6 |
| Profit before tax | 36 | 42 | 48 | 32 | 22 | 14 | 17 | 4 | 3 | 17 | 22 | 10 |
| Tax % | 24% | 22% | 33% | 31% | 27% | 22% | 21% | 22% | 10% | 23% | 23% | 19% |
| 28 | 33 | 32 | 22 | 16 | 11 | 13 | 3 | 3 | 13 | 17 | 8 | |
| EPS in Rs | 10.48 | 12.39 | 12.18 | 8.33 | 6.00 | 4.03 | 5.06 | 1.05 | 0.99 | 5.04 | 6.38 | 3.21 |
| Dividend Payout % | 19% | 19% | 7% | 29% | 40% | 60% | 47% | 228% | 243% | 48% | 47% | 75% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 4% |
| 3 Years: | 10% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | -9% |
| 3 Years: | 48% |
| TTM: | -50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 19% |
| 3 Years: | 23% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 98 | 123 | 152 | 171 | 181 | 185 | 181 | 192 | 201 | 207 | 222 | 225 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | |
| 30 | 37 | 30 | 31 | 24 | 23 | 24 | 25 | 27 | 33 | 30 | 34 | |
| Total Liabilities | 133 | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 | 263 | 269 |
| 23 | 22 | 28 | 31 | 29 | 27 | 25 | 25 | 45 | 52 | 54 | 50 | |
| CWIP | 4 | 4 | 4 | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 | 0 |
| Investments | 40 | 63 | 83 | 93 | 107 | 99 | 82 | 95 | 112 | 113 | 127 | 135 |
| 66 | 75 | 72 | 84 | 74 | 87 | 92 | 83 | 75 | 86 | 82 | 84 | |
| Total Assets | 133 | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 | 263 | 269 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25 | 31 | 30 | 9 | 14 | -3 | 8 | 13 | 9 | 10 | 20 | 7 | |
| -17 | -23 | -23 | -0 | -6 | 10 | 2 | -9 | -3 | -2 | -11 | 1 | |
| -6 | -7 | -8 | -8 | -8 | -8 | -12 | -3 | -7 | -7 | -7 | -9 | |
| Net Cash Flow | 2 | 1 | -1 | 1 | 0 | -0 | -1 | 1 | -1 | 1 | 1 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 51 | 43 | 58 | 64 | 75 | 73 | 63 | 49 | 44 | 37 | 41 |
| Inventory Days | 75 | 71 | 71 | 140 | 111 | 121 | 111 | 122 | 119 | 88 | 85 | 102 |
| Days Payable | 31 | 44 | 26 | 61 | 48 | 46 | 47 | 52 | 51 | 48 | 43 | 48 |
| Cash Conversion Cycle | 85 | 78 | 88 | 137 | 127 | 150 | 137 | 134 | 118 | 84 | 80 | 95 |
| Working Capital Days | 50 | 49 | 56 | 100 | 109 | 132 | 127 | 112 | 103 | 78 | 72 | 132 |
| ROCE % | 39% | 35% | 32% | 19% | 12% | 7% | 9% | 9% | 2% | 8% | 10% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Indag Rubber Q4 FY25 revenue ₹57.9 Cr, PAT ₹8.4 Cr FY25; final dividend Rs.1.50/share declared.
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
2d - Indag Rubber infused Rs 1.02 Cr equity in subsidiary Millenium Manufacturing Systems Pvt Ltd.
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Board Meeting Outcome for Outcome Of Board Meeting
21 Apr - Approved FY25 audited results; recommended final dividend Rs.1.50/share; auditor appointments; AGM to be scheduled.
- Financial Results 21 Apr
- Corporate Action-Board approves Dividend 21 Apr
Annual reports
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Financial Year 2024
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Financial Year 2019
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2025TranscriptNotesPPT
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Business Overview:[1]
Initially, the business was a joint venture with Bandag Corporation, USA, which was terminated in FY06 when the Khemka Group took over Bandag's shareholding. The company offers fleet owners retreading solutions that reduce expenses on new tires, resulting in lower cost-per-kilometer and reduced carbon footprints. Retreading saves up to 70% of the cost of a new tire and provides 70% of its lifespan.[2]