Indag Rubber Ltd
₹ 137
-1.65%
29 Sep
11:18 a.m.
About
Indag Rubber is engaged in the manufacturing and selling of Precured Tread Rubber and allied products.(Source : 201903 Annual Report Page No: 74)
Key Points
- Market Cap ₹ 359 Cr.
- Current Price ₹ 137
- High / Low ₹ 169 / 65.0
- Stock P/E 21.8
- Book Value ₹ 80.7
- Dividend Yield 1.75 %
- ROCE 8.34 %
- ROE 6.33 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 173%
- Company's working capital requirements have reduced from 97.5 days to 77.7 days
Cons
- The company has delivered a poor sales growth of 8.26% over past five years.
- Company has a low return on equity of 5.12% over last 3 years.
- Earnings include an other income of Rs.9.60 Cr.
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 216 | 235 | 232 | 242 | 253 | 184 | 164 | 169 | 187 | 170 | 167 | 244 | 251 | |
| 186 | 200 | 195 | 201 | 207 | 154 | 146 | 157 | 171 | 153 | 166 | 230 | 234 | |
| Operating Profit | 30 | 34 | 37 | 41 | 46 | 29 | 18 | 12 | 16 | 17 | 1 | 14 | 17 |
| OPM % | 14% | 15% | 16% | 17% | 18% | 16% | 11% | 7% | 9% | 10% | 1% | 6% | 7% |
| 0 | 2 | 2 | 3 | 5 | 6 | 7 | 5 | 5 | -9 | 6 | 8 | 10 | |
| Interest | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 5 |
| Profit before tax | 27 | 33 | 36 | 42 | 48 | 32 | 22 | 14 | 17 | 4 | 3 | 17 | 21 |
| Tax % | 23% | 24% | 24% | 22% | 33% | 31% | 27% | 22% | 21% | 22% | 10% | 23% | |
| 21 | 25 | 28 | 33 | 32 | 22 | 16 | 11 | 13 | 3 | 3 | 13 | 17 | |
| EPS in Rs | 7.94 | 9.49 | 10.48 | 12.39 | 12.18 | 8.33 | 6.00 | 4.03 | 5.06 | 1.05 | 0.99 | 5.04 | 6.29 |
| Dividend Payout % | 15% | 17% | 19% | 19% | 7% | 29% | 40% | 60% | 47% | 228% | 243% | 48% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 8% |
| 3 Years: | 9% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -3% |
| 3 Years: | 0% |
| TTM: | 239% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 3% |
| 3 Years: | 27% |
| 1 Year: | 79% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Reserves | 56 | 76 | 98 | 123 | 152 | 171 | 181 | 185 | 181 | 192 | 201 | 207 |
| 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 24 | 29 | 30 | 37 | 30 | 31 | 24 | 23 | 24 | 25 | 27 | 33 | |
| Total Liabilities | 87 | 111 | 133 | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 |
| 24 | 23 | 23 | 22 | 28 | 31 | 29 | 27 | 25 | 25 | 45 | 52 | |
| CWIP | 0 | 0 | 4 | 4 | 4 | 0 | 0 | 1 | 10 | 19 | 1 | 0 |
| Investments | 0 | 27 | 40 | 63 | 83 | 93 | 107 | 99 | 82 | 95 | 112 | 113 |
| 62 | 60 | 66 | 75 | 72 | 84 | 74 | 87 | 92 | 83 | 75 | 86 | |
| Total Assets | 87 | 111 | 133 | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 32 | 25 | 31 | 30 | 9 | 14 | -3 | 8 | 13 | 9 | 10 | |
| -6 | -27 | -17 | -23 | -23 | -0 | -6 | 10 | 2 | -9 | -3 | -2 | |
| -9 | -6 | -6 | -7 | -8 | -8 | -8 | -8 | -12 | -3 | -7 | -7 | |
| Net Cash Flow | 0 | -0 | 2 | 1 | -1 | 1 | 0 | -0 | -1 | 1 | -1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 33 | 40 | 51 | 43 | 58 | 64 | 75 | 73 | 63 | 49 | 44 |
| Inventory Days | 79 | 70 | 75 | 71 | 71 | 140 | 111 | 121 | 111 | 122 | 119 | 88 |
| Days Payable | 35 | 31 | 31 | 44 | 26 | 61 | 48 | 46 | 47 | 52 | 51 | 48 |
| Cash Conversion Cycle | 80 | 73 | 85 | 78 | 88 | 137 | 127 | 150 | 137 | 134 | 118 | 84 |
| Working Capital Days | 56 | 43 | 50 | 49 | 56 | 100 | 109 | 132 | 127 | 112 | 103 | 78 |
| ROCE % | 49% | 45% | 39% | 35% | 32% | 19% | 12% | 7% | 9% | 9% | 2% | 8% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 25 Sep
- Closure of Trading Window 22 Sep
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Sep
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Sep
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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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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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Dec 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Dec 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Jan 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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Nov 2015TranscriptNotesPPT
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Aug 2015TranscriptNotesPPT
Terminated Joint Venture
Indag Rubber Limited was incorporated in July 1978 as a joint venture between Khemka group and Bandag Incorporated, one of the biggest players in the US retreading industry[1]. In 2006, the joint venture was terminated with Bandag’s 38.3% shareholding taken over by the Khemka Group[2] [3]