Indag Rubber Ltd
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products[1]
- Market Cap ₹ 394 Cr.
- Current Price ₹ 150
- High / Low ₹ 169 / 101
- Stock P/E 199
- Book Value ₹ 83.6
- Dividend Yield 1.60 %
- ROCE 1.32 %
- ROE 0.98 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 200%
- Debtor days have improved from 62.1 to 49.4 days.
Cons
- The company has delivered a poor sales growth of -2.03% over past five years.
- Company has a low return on equity of 4.54% over last 3 years.
- Earnings include an other income of Rs.6.72 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
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 | |
|---|---|---|---|---|---|---|
| 185 | 168 | 173 | 187 | 170 | 167 | |
| 155 | 148 | 158 | 171 | 154 | 167 | |
| Operating Profit | 30 | 21 | 15 | 16 | 16 | 0 |
| OPM % | 16% | 12% | 9% | 9% | 9% | 0% |
| 6 | 7 | 5 | 5 | -9 | 7 | |
| Interest | 1 | 2 | 2 | 0 | 0 | 0 |
| Depreciation | 3 | 4 | 4 | 4 | 3 | 4 |
| Profit before tax | 32 | 22 | 14 | 17 | 4 | 3 |
| Tax % | 31% | 27% | 22% | 20% | 21% | 18% |
| 22 | 16 | 11 | 14 | 3 | 2 | |
| EPS in Rs | 8.33 | 6.01 | 4.10 | 5.12 | 0.97 | 0.79 |
| Dividend Payout % | 29% | 40% | 59% | 47% | 248% | 304% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -1% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -38% |
| 3 Years: | -43% |
| TTM: | -82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 6% |
| 3 Years: | 16% |
| 1 Year: | 43% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 171 | 182 | 186 | 182 | 192 | 201 | 214 |
| 15 | 13 | 12 | 11 | 0 | 0 | 6 | |
| 35 | 29 | 27 | 28 | 39 | 27 | 37 | |
| Total Liabilities | 226 | 228 | 230 | 226 | 237 | 234 | 263 |
| 49 | 46 | 44 | 41 | 25 | 45 | 51 | |
| CWIP | 0 | 0 | 1 | 10 | 19 | 1 | 3 |
| Investments | 90 | 104 | 96 | 79 | 91 | 112 | 114 |
| 87 | 78 | 89 | 95 | 101 | 75 | 94 | |
| Total Assets | 226 | 228 | 230 | 226 | 237 | 234 | 263 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| 8 | 17 | 0 | 10 | 15 | 8 | |
| -15 | -8 | 10 | 3 | -9 | -3 | |
| 9 | -10 | -10 | -15 | -5 | -7 | |
| Net Cash Flow | 2 | -1 | -1 | -2 | 1 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| Debtor Days | 58 | 63 | 73 | 74 | 63 | 49 |
| Inventory Days | 140 | 111 | 121 | 111 | 122 | 119 |
| Days Payable | 62 | 49 | 46 | 48 | 52 | 56 |
| Cash Conversion Cycle | 136 | 125 | 147 | 137 | 134 | 113 |
| Working Capital Days | 100 | 106 | 127 | 126 | 128 | 103 |
| ROCE % | 12% | 8% | 9% | 9% | 1% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Ma''am/Sir, Please find enclosed Newspaper advertisement pertaining to transfer of shares to Investor Education and Protection Fund (IEPF) Authority.
- Certificate In Pursuance Of Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended On March 31, 2024. 11 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Dear Sir, please find enclosed certificate for quarter ended on March 31, 2024.
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Compliances-Compliance Certificate For The Period Ended March 31, 2024.
4 Apr - Dear Sir, Enclosed please find the Compliance Certificate under Regulation 7(3) of the SEBI (LODR) Regulations, 2015.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Apr
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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Feb 2024TranscriptNotesPPT
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Business Overview:[1]
IRL was formed by Khemka group in joint venture with M/S Bandag, USA. It provides fleet owners with retreading solutions and help reduce their expenses on buying new tyres providing lower tyre Cost-per-Km and curtailing carbon footprints.
Company manufactures retreading materials and allied products ranging from precured tread rubber for truck bus tyres, LCV tyres, passenger vehicles’ tyres, off-road tyres to bonding cushion gum, rubber cement and envelopes.