Dolfin Rubbers Ltd
₹ 130
0.27%
30 May
- 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 ₹ 131 Cr.
- Current Price ₹ 130
- High / Low ₹ 167 / 79.0
- Stock P/E 39.5
- Book Value ₹ 24.6
- Dividend Yield 0.00 %
- ROCE 15.5 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
Cons
- Promoter holding is low: 36.1%
- 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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Quarterly 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 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| 17 | 19 | 22 | 54 | 70 | 77 | 82 | 84 | 102 | |
| 16 | 18 | 21 | 52 | 67 | 73 | 78 | 78 | 95 | |
| Operating Profit | 1 | 1 | 1 | 3 | 3 | 4 | 5 | 6 | 7 |
| OPM % | 5% | 5% | 5% | 5% | 5% | 5% | 6% | 7% | 6% |
| -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | 1 | 2 | 3 | 3 | 4 | 4 | 5 |
| Tax % | 22% | 17% | 30% | 27% | 36% | 26% | 30% | 27% | 27% |
| Net Profit | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 3 | 3 |
| EPS in Rs | 2.33 | 2.59 | 2.50 | 1.77 | 1.87 | 2.56 | 2.84 | 2.77 | 3.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 29% | 32% | 0% | 36% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 10% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 9% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| 1 Year: | 65% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| 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 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 6 | 8 | 8 | 8 | 8 | 10 | |
| Reserves | 1 | 2 | 2 | 2 | 8 | 10 | 12 | 14 | 15 |
| 3 | 3 | 4 | 4 | 2 | 4 | 11 | 10 | 13 | |
| 4 | 4 | 4 | 8 | 8 | 9 | 10 | 15 | 20 | |
| Total Liabilities | 9 | 10 | 12 | 20 | 25 | 31 | 40 | 47 | 58 |
| 3 | 3 | 3 | 9 | 9 | 11 | 18 | 19 | 20 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 4 | 0 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | 7 | 9 | 11 | 14 | 16 | 23 | 27 | 36 | |
| Total Assets | 9 | 10 | 12 | 20 | 25 | 31 | 40 | 47 | 58 |
Cash Flows
Figures in Rs. Crores
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 2 | -2 | 2 | 2 | 1 | ||
| 0 | 0 | 0 | -1 | -3 | -4 | -2 | 4 | ||
| 0 | 0 | 0 | -0 | 5 | 2 | 1 | -5 | ||
| Net Cash Flow | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 43 | 59 | 54 | 49 | 54 | 54 | 51 | 54 |
| Inventory Days | 71 | 96 | 90 | 15 | 24 | 24 | 52 | 92 | 94 |
| Days Payable | 69 | 71 | 61 | 45 | 19 | 26 | 21 | 22 | 39 |
| Cash Conversion Cycle | 59 | 68 | 88 | 24 | 54 | 52 | 86 | 121 | 109 |
| Working Capital Days | 52 | 65 | 79 | 21 | 36 | 46 | 70 | 55 | 89 |
| ROCE % | 15% | 14% | 21% | 18% | 16% | 15% | 15% |
Documents
Announcements
- Compliance Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure-Requirements) Regulations 2015 5h
- Corporate Action-Board approves Dividend 11h
- Standalone Financial Results For 31/03/2023. 11h
- Board Meeting Outcome for Outcome Of The Board Meeting 11h
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Read with SEBI Circular No.CIR/CFD/CMD1/27/2019 dated 8th February 2019 enclosed please find the Annual Secretarial Compliance Report dated 29th May, 2023 of Dolfin Rubbers Limited …
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]