Elgi Rubber Company Ltd

Elgi Rubber Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Elgi Rubber Company Ltd

₹ 41.0 -0.51%
12 Mar - close price
elgirubber.com NSE: ELGIRUBCO
About

Incorporated in 1981, ELGI Rubber Ltd is in the business of manufacture of Reclaimed rubber, Retreading machinery, and Retread rubber[1]

Key Points

Business Overview:[1][2]
ERL is in the business of manufacturing reclaim rubber, tread rubber, bonding gum and other rubber products, mainly in the Tyre sector through a franchisee, and it also provides pre-cured retreading as a solutions provider for the whole rubber industry which includes machinery, tread rubber, and repair patches. Company offers end to end one stop shop for retreaders to supply quality material to some of the tyre manufacturers.

Website NSE
  • Market Cap ₹ 205 Cr.
  • Current Price ₹ 41.0
  • High / Low ₹ 90.5 / 36.0
  • Stock P/E
  • Book Value ₹ 62.8
  • Dividend Yield 0.00 %
  • ROCE 1.57 %
  • ROE -2.01 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.65 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.10% over past five years.
  • Company has a low return on equity of 2.08% over last 3 years.

* 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

Industrials Capital Goods Industrial Products Rubber

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
55 55 47 58 56 51 54 63 53 58 54 61 62
49 51 44 50 52 49 49 54 46 64 47 57 82
Operating Profit 7 4 3 8 4 2 4 9 7 -6 6 3 -19
OPM % 12% 7% 7% 14% 6% 4% 8% 14% 13% -10% 12% 5% -31%
19 -19 8 9 5 8 10 0 -2 3 9 3 -74
Interest 3 8 4 4 4 3 4 3 4 3 4 4 4
Depreciation 2 2 3 3 4 2 3 6 4 3 4 4 4
Profit before tax 20 -25 5 10 0 4 8 -0 -3 -9 8 -1 -101
Tax % 13% -4% -2% 19% -253% -9% 1% -188% 20% -9% 21% -8% -6%
18 -24 5 8 1 4 7 0 -4 -8 6 -1 -95
EPS in Rs 3.51 -4.80 0.98 1.62 0.11 0.88 1.49 0.04 -0.71 -1.68 1.21 -0.25 -18.94
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
144 133 201 200 187 203 186 151 198 223 212 227 235
136 128 183 187 178 194 187 143 187 200 195 213 250
Operating Profit 8 5 18 14 9 9 -1 8 11 23 16 14 -16
OPM % 6% 4% 9% 7% 5% 4% -1% 6% 6% 10% 8% 6% -7%
18 11 -29 11 11 11 26 20 18 21 29 11 -59
Interest 1 2 5 8 10 12 11 9 12 17 15 14 16
Depreciation 5 7 9 7 7 8 8 7 9 20 12 15 14
Profit before tax 21 8 -24 10 3 0 6 12 9 6 19 -5 -104
Tax % 28% 28% 9% 21% 42% -188% 6% 15% 8% 50% 5% -13%
15 6 -26 8 2 0 6 10 8 15 18 -4 -98
EPS in Rs 3.02 1.13 -5.29 1.57 0.39 0.09 1.16 2.01 1.66 2.96 3.58 -0.85 -19.66
Dividend Payout % 12% 19% -7% 8% 0% 0% 14% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 4%
3 Years: 5%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -448%
Stock Price CAGR
10 Years: 5%
5 Years: 5%
3 Years: 8%
1 Year: -25%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 246 249 258 253 254 254 259 269 277 291 309 304 309
18 21 67 111 119 126 113 98 120 143 165 155 172
12 14 20 21 21 22 23 15 30 31 26 30 28
Total Liabilities 281 289 351 389 399 407 400 388 433 471 504 495 514
65 60 90 81 84 77 69 74 76 90 111 108 101
CWIP 0 10 21 13 7 10 11 1 16 21 8 7 10
Investments 65 87 49 55 57 54 50 59 65 75 86 78 78
150 132 191 240 251 267 270 254 275 285 299 302 324
Total Assets 281 289 351 389 399 407 400 388 433 471 504 495 514

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
25 15 -78 -13 5 14 43 29 15 6 5 18
-11 -29 68 -21 -3 -4 -18 6 -24 -13 -12 5
-5 0 10 33 -4 -10 -26 -34 10 7 7 -23
Net Cash Flow 9 -14 -1 -1 -2 -0 -0 -0 0 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 54 42 70 104 104 123 90 108 100 85 88 83
Inventory Days 162 175 161 176 217 178 201 208 152 137 153 171
Days Payable 17 22 25 33 41 38 41 21 36 28 36 49
Cash Conversion Cycle 198 196 207 247 280 263 250 295 217 195 205 205
Working Capital Days 128 104 76 69 67 104 74 69 10 1 -10 -6
ROCE % 8% 4% 6% 5% 3% 3% 2% 5% 5% 6% 5% 2%

Insights

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Feb 2018Mar 2020Mar 2021Mar 2022Sep 2023Mar 2025
Captive windmill capacity
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Number of Employees (Standalone)
Numbers
Number of active retreading franchises
Numbers
Operating Cycle (Consolidated)
Days
Reclaim rubber manufacturing capacity (Standalone)
TPM
Tread rubber and bonding gum manufacturing capacity (Standalone)
TPM
Inventory Holding Period (Consolidated)
Days

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
65.03% 65.03% 65.03% 65.03% 65.03% 65.03% 65.03% 65.03% 65.03% 65.03% 65.03% 65.03%
0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.06%
1.46% 1.46% 1.46% 1.46% 1.46% 1.10% 0.95% 0.95% 0.95% 0.95% 0.94% 0.94%
2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36%
31.15% 31.15% 31.15% 31.15% 31.14% 31.50% 31.66% 31.65% 31.66% 31.66% 31.67% 31.61%
No. of Shareholders 13,89013,17314,43213,36014,77214,53913,77116,51916,79016,44916,94016,592

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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