Dolfin Rubbers Ltd
₹ 93.4
0.38%
01 Jul
- close price
About
Dolfin Rubbers is engaged in manufacturing of all types of auto and animal driven (ADV) tubes supporting the tyre tube industry. [1]
Key Points
- Market Cap ₹ 93.6 Cr.
- Current Price ₹ 93.4
- High / Low ₹ 106 / 33.8
- Stock P/E 33.8
- Book Value ₹ 19.6
- Dividend Yield 0.96 %
- ROCE 14.9 %
- ROE 14.1 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 1.80% over last quarter.
Cons
- Promoter holding is low: 35.56%
- Company might be capitalizing the interest cost
* 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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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| 17.38 | 19.05 | 21.80 | 54.15 | 70.09 | 76.67 | 82.45 | 83.50 | |
| 16.47 | 18.07 | 20.62 | 51.62 | 66.63 | 72.54 | 77.62 | 78.00 | |
| Operating Profit | 0.91 | 0.98 | 1.18 | 2.53 | 3.46 | 4.13 | 4.83 | 5.50 |
| OPM % | 5.24% | 5.14% | 5.41% | 4.67% | 4.94% | 5.39% | 5.86% | 6.59% |
| -0.03 | 0.00 | 0.00 | 0.05 | 0.16 | 0.17 | 0.15 | 0.23 | |
| Interest | 0.26 | 0.28 | 0.34 | 0.21 | 0.10 | 0.11 | 0.12 | 0.76 |
| Depreciation | 0.16 | 0.17 | 0.20 | 0.57 | 0.63 | 0.72 | 0.83 | 1.15 |
| Profit before tax | 0.46 | 0.53 | 0.64 | 1.80 | 2.89 | 3.47 | 4.03 | 3.82 |
| Tax % | 21.74% | 16.98% | 29.69% | 27.22% | 35.64% | 26.22% | 29.53% | 27.49% |
| Net Profit | 0.35 | 0.44 | 0.45 | 1.31 | 1.87 | 2.56 | 2.84 | 2.77 |
| EPS in Rs | 2.33 | 2.59 | 2.50 | 1.77 | 1.87 | 2.56 | 2.84 | 2.77 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 29.38% | 31.77% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 50% |
| 1 Year: | 78% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| 1.11 | 1.26 | 1.38 | 5.52 | 7.52 | 7.52 | 7.52 | ||
| Reserves | 1.18 | 1.62 | 2.19 | 2.46 | 7.52 | 10.09 | 12.17 | |
| 2.84 | 3.27 | 4.47 | 3.60 | 1.85 | 4.38 | 11.11 | ||
| 3.63 | 3.80 | 4.04 | 8.24 | 8.20 | 8.80 | 9.50 | ||
| Total Liabilities | 8.76 | 9.95 | 12.08 | 19.82 | 25.09 | 30.79 | 40.30 | |
| 2.70 | 2.73 | 3.37 | 8.80 | 8.97 | 10.62 | 17.57 | ||
| CWIP | 0.06 | 0.23 | 0.00 | 0.22 | 1.98 | 3.96 | 0.00 | |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 6.00 | 6.99 | 8.71 | 10.80 | 14.14 | 16.21 | 22.73 | ||
| Total Assets | 8.76 | 9.95 | 12.08 | 19.82 | 25.09 | 30.79 | 40.30 |
Cash Flows
Figures in Rs. Crores
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 2.10 | -2.29 | 2.33 | 3.18 | 2.06 | |
| 0.00 | 0.00 | 0.00 | -1.44 | -3.42 | -3.88 | -4.04 | -3.39 | |
| 0.00 | 0.00 | 0.00 | -0.39 | 5.30 | 1.55 | 0.94 | 1.35 | |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.27 | -0.41 | 0.00 | 0.08 | 0.02 |
Ratios
Figures in Rs. Crores
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56.07 | 43.30 | 58.77 | 53.72 | 48.59 | 54.46 | 54.36 | |
| Inventory Days | 71.41 | 95.51 | 90.39 | 15.04 | 24.38 | 23.52 | 52.50 | |
| Days Payable | 68.85 | 70.99 | 61.12 | 44.64 | 19.09 | 25.68 | 20.81 | |
| Cash Conversion Cycle | 58.63 | 67.82 | 88.04 | 24.13 | 53.88 | 52.30 | 86.05 | |
| Working Capital Days | 51.87 | 64.76 | 78.86 | 21.03 | 35.98 | 46.04 | 67.20 | |
| ROCE % | 14.54% | 13.81% | 21.29% | 18.47% | 15.68% |
Documents
Announcements
- Migration Of Equity Shares Of Dolfin Rubbers Limited From SME Platform Of BSE Limited (BSE SME) To Main Board Of BSE Limited. 29 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 13 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Jun
- Intimation Of Change Of Address Of Company''s Registrar & Share Transfer Agent (RT 7 Jun
Products
The Co manufacturers a wide range of butyl rubber tubes, suitable for tyre of vehicle viz., two-wheeler, three-wheeler, cars, jeeps, heavy commercial vehicles such as buses, trucks, tractors etc. [1]
Presence
<pre><code> **Automotive Tyres** </code></pre>The Co has a wide network of distributors established across 27 states and union territories of India. Its products are also available in Bangladesh, Bhutan, Egypt, Nepal etc. [2]
The Co has started the production of automotive tyres (both Tubeless and Tube type) from moped Scooter onwards to Giant Vehicles in its existing plant of Automotive tubes with the addition of new machineries. [3]
<pre><code> **Revenue** </code></pre>The Co derives 100% of its revenue from domestic sales of Auto Tubes and its allied products.[4]
KMP Changes
Mr. Kanwaljit Singh resigned from the post of Managing Director and KMP w.e.f. August 1st, 2020. [5]
Promoter Shareholding
The promoters of the Co have increased their stake in the Co by ~2% between March 2020 and Sept 2021. [6][7]