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

₹ 55.9 -2.70%
25 Apr - close price
Company website 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 ₹ 280 Cr.
  • Current Price ₹ 55.9
  • High / Low ₹ 69.9 / 36.0
  • Stock P/E
  • Book Value ₹ 61.8
  • Dividend Yield 0.00 %
  • ROCE 6.36 %
  • ROE 6.14 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.90 times its book value
  • Company's working capital requirements have reduced from 160 days to 121 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.62% over past five years.
  • Company has a low return on equity of 4.18% 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

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
42.73 42.75 29.64 48.71 56.93 63.08 55.22 57.64 55.36 54.81 47.31 57.75 55.58
36.78 45.11 27.71 42.82 52.37 67.02 51.94 49.00 48.54 50.94 43.99 49.95 52.00
Operating Profit 5.95 -2.36 1.93 5.89 4.56 -3.94 3.28 8.64 6.82 3.87 3.32 7.80 3.58
OPM % 13.92% -5.52% 6.51% 12.09% 8.01% -6.25% 5.94% 14.99% 12.32% 7.06% 7.02% 13.51% 6.44%
5.08 4.34 4.72 1.61 8.57 3.14 10.95 9.78 18.74 -18.95 7.66 8.53 5.10
Interest 2.03 2.55 1.98 2.23 2.35 2.36 2.92 2.90 3.18 7.68 3.53 3.69 4.09
Depreciation 1.74 2.25 1.96 2.14 2.04 2.39 1.96 2.04 2.13 2.23 2.63 2.68 4.44
Profit before tax 7.26 -2.82 2.71 3.13 8.74 -5.55 9.35 13.48 20.25 -24.99 4.82 9.96 0.15
Tax % 0.96% -3.19% 11.81% 43.45% -0.11% 17.30% 4.39% 8.61% 13.09% 3.84% -1.87% 18.57% -253.33%
7.19 -2.91 2.38 1.78 8.75 -4.58 8.93 12.32 17.59 -24.02 4.90 8.10 0.53
EPS in Rs 1.44 -0.58 0.48 0.36 1.75 -0.92 1.78 2.46 3.51 -4.80 0.98 1.62 0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
112 141 144 133 201 200 187 203 186 151 198 223 215
106 133 136 128 183 187 178 194 187 143 187 200 197
Operating Profit 6 8 8 5 18 14 9 9 -1 8 11 23 19
OPM % 5% 6% 6% 4% 9% 7% 5% 4% -1% 6% 6% 10% 9%
12 19 18 11 -29 11 11 11 26 20 18 21 2
Interest 1 1 1 2 5 8 10 12 11 9 12 17 19
Depreciation 4 4 5 7 9 7 7 8 8 7 9 20 12
Profit before tax 14 23 21 8 -24 10 3 0 6 12 9 6 -10
Tax % 32% 24% 28% 28% -9% 21% 42% -188% 6% 15% 8% 50%
9 18 15 6 -26 8 2 0 6 10 8 15 -10
EPS in Rs 1.88 3.54 3.02 1.13 -5.29 1.57 0.39 0.09 1.16 2.01 1.66 2.96 -2.09
Dividend Payout % 27% 23% 12% 19% -7% 8% 0% 0% 14% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 4%
3 Years: 6%
TTM: -7%
Compounded Profit Growth
10 Years: 1%
5 Years: 239%
3 Years: 98%
TTM: -112%
Stock Price CAGR
10 Years: 10%
5 Years: 20%
3 Years: 27%
1 Year: 53%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 4%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 219 232 246 249 258 253 254 254 259 269 277 291 305
7 14 18 21 67 111 119 126 113 98 120 143 157
15 13 12 14 20 21 21 22 23 15 30 31 50
Total Liabilities 246 265 281 289 351 389 399 407 400 388 433 471 516
50 49 65 60 90 81 84 77 69 74 76 90 111
CWIP 0 2 0 10 21 13 7 10 11 1 16 21 4
Investments 61 63 65 87 49 55 57 54 50 59 65 75 80
135 151 150 132 191 240 251 267 270 254 275 285 321
Total Assets 246 265 281 289 351 389 399 407 400 388 433 471 516

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 -4 25 15 -78 -13 5 14 43 29 15 6
-18 5 -11 -29 68 -21 -3 -4 -18 6 -24 -13
-5 -3 -5 0 10 33 -4 -10 -26 -34 10 7
Net Cash Flow -14 -2 9 -14 -1 -1 -2 -0 -0 -0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 74 46 54 42 70 104 104 123 90 108 100 85
Inventory Days 139 114 162 175 161 176 217 178 201 208 152 137
Days Payable 26 15 17 22 25 33 41 38 41 21 36 28
Cash Conversion Cycle 186 144 198 196 207 247 280 263 250 295 217 195
Working Capital Days 170 158 174 150 164 212 237 225 185 208 151 121
ROCE % 5% 9% 8% 4% 6% 5% 3% 3% 2% 5% 5% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
1.92% 1.46% 1.50% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46%
2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36%
30.69% 31.15% 31.11% 31.15% 31.15% 31.15% 31.15% 31.15% 31.15% 31.15% 31.15% 31.14%
No. of Shareholders 13,52514,16013,74314,02714,67914,34514,14313,89013,17314,43213,36014,772

* 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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