Indag Rubber Ltd
₹ 81.8
-2.83%
03 Jun
- close price
About
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products[1]
Key Points
- Market Cap ₹ 215 Cr.
- Current Price ₹ 81.8
- High / Low ₹ 150 / 80.0
- Stock P/E 17.3
- Book Value ₹ 89.8
- Dividend Yield 2.94 %
- ROCE 7.07 %
- ROE 5.32 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.91 times its book value
- Company has been maintaining a healthy dividend payout of 51.2%
Cons
- The company has delivered a poor sales growth of 4.75% over past five years.
- Company has a low return on equity of 5.51% over last 3 years.
- Earnings include an other income of Rs.10.6 Cr.
- Working capital days have increased from 104 days to 159 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.
Loading peers table ...
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 242 | 253 | 184 | 164 | 169 | 187 | 170 | 167 | 244 | 251 | 225 | 214 | |
| 201 | 207 | 154 | 146 | 157 | 171 | 153 | 166 | 230 | 233 | 220 | 202 | |
| Operating Profit | 41 | 46 | 29 | 18 | 12 | 16 | 17 | 1 | 14 | 18 | 5 | 12 |
| OPM % | 17% | 18% | 16% | 11% | 7% | 9% | 10% | 1% | 6% | 7% | 2% | 6% |
| 3 | 5 | 6 | 7 | 5 | 5 | -9 | 6 | 8 | 10 | 12 | 11 | |
| Interest | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 5 | 6 | 6 |
| Profit before tax | 42 | 48 | 32 | 22 | 14 | 17 | 4 | 3 | 17 | 22 | 10 | 16 |
| Tax % | 22% | 33% | 31% | 27% | 22% | 21% | 22% | 10% | 23% | 23% | 19% | 24% |
| 33 | 32 | 22 | 16 | 11 | 13 | 3 | 3 | 13 | 17 | 8 | 12 | |
| EPS in Rs | 12.39 | 12.18 | 8.33 | 6.00 | 4.03 | 5.06 | 1.05 | 0.99 | 5.04 | 6.38 | 3.21 | 4.72 |
| Dividend Payout % | 19% | 7% | 29% | 40% | 60% | 47% | 228% | 243% | 48% | 47% | 75% | 32% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 5% |
| 3 Years: | -4% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | -4% |
| 3 Years: | -2% |
| TTM: | 48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -1% |
| 3 Years: | -15% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 123 | 152 | 171 | 181 | 185 | 181 | 192 | 201 | 207 | 222 | 225 | 230 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | 4 | |
| 37 | 30 | 31 | 24 | 23 | 24 | 25 | 27 | 33 | 30 | 34 | 39 | |
| Total Liabilities | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 | 263 | 269 | 279 |
| 22 | 28 | 31 | 29 | 27 | 25 | 25 | 45 | 52 | 54 | 50 | 47 | |
| CWIP | 4 | 4 | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 | 0 | 0 |
| Investments | 63 | 83 | 93 | 107 | 99 | 82 | 95 | 112 | 113 | 127 | 135 | 147 |
| 75 | 72 | 84 | 74 | 87 | 92 | 83 | 75 | 86 | 82 | 84 | 85 | |
| Total Assets | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 | 263 | 269 | 279 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 | 30 | 9 | 14 | -3 | 8 | 13 | 9 | 10 | 20 | 7 | 20 | |
| -23 | -23 | -0 | -6 | 10 | 2 | -9 | -3 | -2 | -11 | 1 | -10 | |
| -7 | -8 | -8 | -8 | -8 | -12 | -3 | -7 | -7 | -7 | -9 | -7 | |
| Net Cash Flow | 1 | -1 | 1 | 0 | -0 | -1 | 1 | -1 | 1 | 1 | -2 | 2 |
| Free Cash Flow | 28 | 23 | 7 | 13 | -5 | -5 | 0 | 5 | 5 | 14 | 4 | 17 |
| CFO/OP | 96% | 94% | 61% | 113% | 15% | 80% | 95% | 1,034% | 90% | 143% | 199% | 196% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 43 | 58 | 64 | 75 | 73 | 63 | 49 | 44 | 37 | 41 | 38 |
| Inventory Days | 71 | 71 | 140 | 111 | 121 | 111 | 122 | 119 | 88 | 85 | 102 | 117 |
| Days Payable | 44 | 26 | 61 | 48 | 46 | 47 | 52 | 51 | 48 | 43 | 48 | 64 |
| Cash Conversion Cycle | 78 | 88 | 137 | 127 | 150 | 137 | 134 | 118 | 84 | 80 | 95 | 91 |
| Working Capital Days | 49 | 56 | 100 | 109 | 132 | 127 | 112 | 103 | 77 | 72 | 81 | 159 |
| ROCE % | 35% | 32% | 19% | 12% | 7% | 9% | 9% | 2% | 8% | 10% | 5% | 7% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Jan 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Precured Tread Rubber (PTR) MTPA |
|
|||||||||
| Number of Dealers Numbers |
||||||||||
| Number of Retreaders Numbers |
||||||||||
| Number of Depots Numbers |
||||||||||
| Installed Capacity - Un-Vulcanized Rubber Strip Gum MTPA |
||||||||||
| Installed Capacity - Universal Spray Cement KLPA |
||||||||||
Requires Premium
Requires Premium
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1h - Indag Rubber reported FY26 PAT of ₹12.38 crore, recommended ₹1.5 final dividend, and noted subsidiary’s first BESS order.
- Announcement Under Regulation 30 - Newspaper Publication 1d
-
Audited Financial Results
28 May - Audited standalone and consolidated results for quarter and year ended March 31, 2026; no audit qualifications.
-
Corporate Action-Board approves Dividend
28 May - Board recommended final dividend of Rs.1.50 per share for FY2025-26, in addition to Rs.0.90 interim dividend.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On May 28 2026.
28 May - Board approved FY26 audited results, recommended Rs1.50 final dividend, and approved appointments, reappointment, and subsidiary investment.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Feb 2026TranscriptAI SummaryPPT
-
Nov 2025TranscriptAI SummaryPPT
-
Sep 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Feb 2025TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
-
Sep 2024TranscriptAI SummaryPPT
-
Sep 2024TranscriptAI SummaryPPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptAI SummaryPPT
-
Nov 2023TranscriptAI SummaryPPT
-
Aug 2023TranscriptAI SummaryPPT
-
May 2023TranscriptAI SummaryPPT
-
Feb 2023TranscriptAI SummaryPPT
-
Nov 2022TranscriptAI SummaryPPT
-
Aug 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
Feb 2022TranscriptAI SummaryPPT
-
Dec 2021TranscriptAI SummaryPPT
-
Aug 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
Feb 2021TranscriptAI SummaryPPT
-
Dec 2020TranscriptAI SummaryPPT
-
Jul 2020TranscriptAI SummaryPPT
-
Jan 2020TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
May 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Aug 2018TranscriptAI SummaryPPT
-
Jun 2018TranscriptAI SummaryPPT
-
Feb 2018TranscriptAI SummaryPPT
-
Nov 2017TranscriptAI SummaryPPT
-
Aug 2017TranscriptAI SummaryPPT
-
May 2017TranscriptAI SummaryPPT
-
Jan 2017TranscriptAI SummaryPPT
-
Nov 2016TranscriptAI SummaryPPT
-
Aug 2016TranscriptAI SummaryPPT
-
Nov 2015TranscriptAI SummaryPPT
-
Aug 2015TranscriptAI SummaryPPT
Business Overview:[1]
Founded in 1978 as a joint venture between the Khemka Group and Bandag Inc. (USA), the company later came under full control of the Khemka Group. It specializes in tyre retreading solutions, offering a cost-effective alternative to new tyres by supplying retreading materials and services across India for M&HCVs, LCVs, passenger vehicles, and off-road vehicles.