Indag Rubber Ltd
₹ 96.5
-4.97%
24 Feb
- close price
About
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products[1]
Key Points
- Market Cap ₹ 253 Cr.
- Current Price ₹ 96.5
- High / Low ₹ 153 / 95.1
- Stock P/E 29.5
- Book Value ₹ 87.8
- Dividend Yield 2.49 %
- ROCE 2.93 %
- ROE 2.86 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 1.10 times its book value
Cons
- The company has delivered a poor sales growth of 4.11% over past five years.
- Earnings include an other income of Rs.10.8 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.
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 185 | 168 | 173 | 187 | 170 | 167 | 251 | 228 | 209 | |
| 155 | 148 | 158 | 171 | 154 | 167 | 234 | 227 | 203 | |
| Operating Profit | 30 | 21 | 15 | 16 | 16 | 0 | 17 | 2 | 6 |
| OPM % | 16% | 12% | 9% | 9% | 9% | 0% | 7% | 1% | 3% |
| 6 | 7 | 5 | 5 | -9 | 7 | 10 | 12 | 11 | |
| Interest | 1 | 2 | 2 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 3 | 4 | 4 | 4 | 3 | 4 | 5 | 7 | 7 |
| Profit before tax | 32 | 22 | 14 | 17 | 4 | 3 | 20 | 6 | 9 |
| Tax % | 31% | 27% | 22% | 20% | 21% | 18% | 24% | 21% | |
| 22 | 16 | 11 | 14 | 3 | 2 | 16 | 5 | 7 | |
| EPS in Rs | 8.33 | 6.01 | 4.10 | 5.12 | 0.97 | 0.79 | 6.15 | 2.49 | 3.27 |
| Dividend Payout % | 29% | 40% | 59% | 47% | 248% | 304% | 49% | 96% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 11% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -14% |
| 3 Years: | 48% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -1% |
| 3 Years: | -5% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 171 | 182 | 186 | 182 | 192 | 201 | 221 | 222 | 225 |
| 15 | 13 | 12 | 11 | 0 | 0 | 10 | 9 | 9 | |
| 35 | 29 | 27 | 28 | 39 | 27 | 35 | 37 | 33 | |
| Total Liabilities | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 274 | 272 |
| 49 | 46 | 44 | 41 | 25 | 45 | 64 | 60 | 58 | |
| CWIP | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 | 0 |
| Investments | 90 | 104 | 96 | 79 | 91 | 112 | 122 | 128 | 143 |
| 87 | 78 | 89 | 95 | 101 | 75 | 85 | 86 | 72 | |
| Total Assets | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 274 | 272 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 8 | 17 | 0 | 10 | 15 | 8 | 18 | 3 | |
| -15 | -8 | 10 | 3 | -9 | -3 | -11 | 1 | |
| 9 | -10 | -10 | -15 | -5 | -7 | -4 | -7 | |
| Net Cash Flow | 2 | -1 | -1 | -2 | 1 | -1 | 3 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 63 | 73 | 74 | 63 | 49 | 37 | 40 |
| Inventory Days | 140 | 111 | 121 | 111 | 122 | 119 | 88 | 102 |
| Days Payable | 62 | 49 | 46 | 48 | 52 | 56 | 45 | 48 |
| Cash Conversion Cycle | 136 | 125 | 147 | 137 | 134 | 113 | 80 | 94 |
| Working Capital Days | 93 | 106 | 127 | 126 | 128 | 103 | 71 | 81 |
| ROCE % | 12% | 8% | 9% | 9% | 1% | 3% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Feb - Q3 FY26: Revenue Rs58.7cr, EBITDA Rs6.0cr, PAT Rs3.4cr; 9M: Revenue Rs161.7cr, PAT Rs8.8cr.
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Clarification For Outcome Of Board Meeting
12 Feb - Clarifies board approved unaudited results are for quarter ended Dec 31, 2025.
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Results - Financial Results For Quarter Ended December 31, 2025.
12 Feb - Unaudited standalone and consolidated Q3 results ended 31-Dec-2025; standalone PAT Rs337.07 lakh; consolidated PAT Rs252.14 lakh
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Results - Financial Results For QE 31.12.2025
12 Feb - Unaudited Q3/9M results ended 31-Dec-2025; standalone Q3 PAT ₹337.07L, 9M PAT ₹882.83L; limited review attached.
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Board Meeting Outcome for Outcome Of Board Meeting Held On February 12, 2026, For Consideration And Approval Of Unaudited Financial Results For Quarter And Period Ended December 31, 2026.
12 Feb - Board approved unaudited Q3/9M results to 31 Dec 2025; consolidated 9M revenue Rs16,178.12 lakh, PAT Rs623.19 lakh.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Concalls
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Nov 2015TranscriptAI SummaryPPT
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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.