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

₹ 44.9 -6.50%
08 Jun - 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 ₹ 225 Cr.
  • Current Price ₹ 44.9
  • High / Low ₹ 90.5 / 32.7
  • Stock P/E
  • Book Value ₹ 15.1
  • Dividend Yield 0.00 %
  • ROCE -12.9 %
  • ROE -67.5 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 2.97 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.33% over past five years.
  • Company has a low return on equity of -21.4% 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
96 95 101 95 95 97 99 91 97 86 94 100 86
93 89 89 90 93 92 93 81 112 84 93 124 128
Operating Profit 3 6 13 5 2 5 6 10 -15 2 2 -24 -41
OPM % 3% 6% 12% 5% 2% 5% 6% 11% -15% 2% 2% -24% -48%
-6 10 9 6 8 27 -1 -2 8 9 3 5 -147
Interest 11 6 6 7 6 7 3 7 8 7 7 12 7
Depreciation 4 4 5 6 4 4 7 4 3 4 4 4 6
Profit before tax -17 5 12 -2 -1 20 -5 -3 -18 0 -6 -35 -201
Tax % -6% 0% 13% -18% 128% 1% -9% 25% -4% 2,617% 1% -17% 2%
-16 5 10 -2 -2 20 -4 -4 -17 -2 -6 -29 -204
EPS in Rs -3.21 1.01 2.04 -0.38 -0.34 4.05 -0.83 -0.70 -3.40 -0.30 -1.20 -5.73 -40.77
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
440 362 375 377 410 368 343 390 394 386 384 366
440 348 354 359 398 371 323 384 378 362 377 428
Operating Profit 0 15 21 18 11 -2 20 5 17 25 6 -62
OPM % 0% 4% 6% 5% 3% -1% 6% 1% 4% 6% 2% -17%
10 10 11 12 8 24 16 13 33 33 33 -130
Interest 12 15 15 17 18 19 16 16 23 25 26 32
Depreciation 18 21 18 18 18 17 17 18 16 19 18 18
Profit before tax -20 -11 -2 -5 -16 -15 3 -16 10 14 -5 -241
Tax % 14% 6% 157% 22% -2% 5% 66% 5% 33% 15% -3% -0%
-22 -11 -4 -6 -16 -15 1 -16 7 12 -4 -240
EPS in Rs -4.47 -2.29 -0.81 -1.13 -3.22 -3.04 0.22 -3.27 1.35 2.33 -0.87 -48.00
Dividend Payout % -5% -16% -16% 0% 0% -5% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 1%
3 Years: -2%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -281%
Stock Price CAGR
10 Years: 4%
5 Years: 4%
3 Years: 4%
1 Year: -23%
Return on Equity
10 Years: -8%
5 Years: -13%
3 Years: -21%
Last Year: -67%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 262 257 244 234 218 181 178 166 179 185 174 71
201 245 246 297 285 268 243 247 271 307 270 313
85 61 61 53 64 71 68 81 78 69 71 46
Total Liabilities 553 568 556 588 572 525 494 500 533 566 520 434
245 258 234 245 226 208 209 205 228 245 162 123
CWIP 22 38 30 29 31 33 21 17 22 16 8 12
Investments 1 1 7 9 8 4 13 19 29 40 32 31
284 271 284 306 308 281 252 260 255 264 318 267
Total Assets 553 568 556 588 572 525 494 500 533 566 520 434

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
50 82 -6 7 33 37 49 16 27 6 -8 -11
-93 -83 -1 -21 2 16 2 -9 -29 -16 77 -6
21 -14 4 13 -37 -54 -47 -12 2 10 -62 11
Net Cash Flow -22 -15 -4 0 -1 -1 5 -6 -0 -0 7 -6
Free Cash Flow -48 -5 -15 -17 33 46 50 4 -5 -8 75 -14
CFO/OP 20,752% 578% -19% 48% 296% -1,559% 244% 299% 167% 23% -134% 18%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 54 60 59 50 55 49 57 69 62 58 66 58
Inventory Days 175 231 250 280 260 281 246 186 215 226 244 149
Days Payable 80 85 59 68 86 110 99 106 88 92 90 39
Cash Conversion Cycle 149 206 250 262 229 221 204 149 189 192 220 169
Working Capital Days 20 0 2 -28 -14 -26 -52 -67 -75 -71 -16 -64
ROCE % -2% 1% 2% 2% 0% -1% 4% 2% 6% 6% 0% -13%

Insights

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Feb 2018 Mar 2020 Mar 2021 Mar 2022 Sep 2023 Mar 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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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% 0.01% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.06% 0.00%
1.46% 1.46% 1.46% 1.46% 1.10% 0.95% 0.95% 0.95% 0.95% 0.94% 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% 31.14% 31.50% 31.66% 31.65% 31.66% 31.66% 31.67% 31.61% 31.67%
No. of Shareholders 13,17314,43213,36014,77214,53913,77116,51916,79016,44916,94016,59216,505

* 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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Documents

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