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 ₹ 33.3
  • Dividend Yield 0.00 %
  • ROCE 0.47 %
  • ROE -12.2 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.83% over past five years.
  • Company has a low return on equity of -3.50% 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

Consolidated Figures in Rs. Crores / View Standalone

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
104 96 95 101 95 95 97 99 91 97 86 94 100
93 93 89 89 90 93 92 93 81 112 84 93 124
Operating Profit 11 3 6 13 5 2 5 6 10 -15 2 2 -24
OPM % 10% 3% 6% 12% 5% 2% 5% 6% 11% -15% 2% 2% -24%
19 -6 10 9 6 8 27 -1 -2 8 9 3 5
Interest 6 11 6 6 7 6 7 3 7 8 7 7 12
Depreciation 4 4 4 5 6 4 4 7 4 3 4 4 4
Profit before tax 20 -17 5 12 -2 -1 20 -5 -3 -18 0 -6 -35
Tax % 14% -6% 0% 13% -18% 128% 1% -9% 25% -4% 2,617% 1% -17%
17 -16 5 10 -2 -2 20 -4 -4 -17 -2 -6 -29
EPS in Rs 3.39 -3.21 1.01 2.04 -0.38 -0.34 4.05 -0.83 -0.70 -3.40 -0.30 -1.20 -5.73
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
489 440 362 375 377 410 368 343 390 394 386 384 377
456 440 348 354 359 398 371 323 384 378 362 377 412
Operating Profit 33 0 15 21 18 11 -2 20 5 17 25 6 -35
OPM % 7% 0% 4% 6% 5% 3% -1% 6% 1% 4% 6% 2% -9%
15 10 10 11 12 8 24 16 13 33 33 33 25
Interest 11 12 15 15 17 18 19 16 16 23 25 26 33
Depreciation 13 18 21 18 18 18 17 17 18 16 19 18 16
Profit before tax 23 -20 -11 -2 -5 -16 -15 3 -16 10 14 -5 -58
Tax % 53% 14% 6% 157% 22% -2% 5% 66% 5% 33% 15% -3%
11 -22 -11 -4 -6 -16 -15 1 -16 7 12 -4 -53
EPS in Rs 2.19 -4.47 -2.29 -0.81 -1.13 -3.22 -3.04 0.22 -3.27 1.35 2.33 -0.87 -10.63
Dividend Payout % 17% -5% -16% -16% 0% 0% -5% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 1%
3 Years: 0%
TTM: -1%
Compounded Profit Growth
10 Years: 0%
5 Years: 1%
3 Years: %
TTM: -1017%
Stock Price CAGR
10 Years: 5%
5 Years: 5%
3 Years: 8%
1 Year: -25%
Return on Equity
10 Years: -4%
5 Years: -3%
3 Years: -4%
Last Year: -12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 291 262 257 244 234 218 181 178 166 179 185 174 162
151 201 245 246 297 285 268 243 247 271 307 270 305
93 85 61 61 53 64 71 68 81 78 69 71 71
Total Liabilities 541 553 568 556 588 572 525 494 500 533 566 520 543
183 245 258 234 245 226 208 209 205 228 245 162 161
CWIP 27 22 38 30 29 31 33 21 17 22 16 8 10
Investments 2 1 1 7 9 8 4 13 19 29 40 32 32
329 284 271 284 306 308 281 252 260 255 264 318 340
Total Assets 541 553 568 556 588 572 525 494 500 533 566 520 543

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
152 50 82 -6 7 33 37 49 16 27 6 -8
-111 -93 -83 -1 -21 2 16 2 -9 -29 -16 77
-12 21 -14 4 13 -37 -54 -47 -12 2 10 -62
Net Cash Flow 29 -22 -15 -4 0 -1 -1 5 -6 -0 -0 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 57 54 60 59 50 55 49 57 69 62 58 66
Inventory Days 176 175 231 250 280 260 281 246 186 215 226 244
Days Payable 72 80 85 59 68 86 110 99 106 88 92 90
Cash Conversion Cycle 161 149 206 250 262 229 221 204 149 189 192 220
Working Capital Days 57 20 0 2 -28 -14 -26 -52 -67 -75 -71 -16
ROCE % 8% -2% 1% 2% 2% 0% -1% 4% 2% 6% 6% 0%

Insights

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