Indag Rubber Ltd
₹ 189
-1.10%
22 Nov
- close price
About
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products[1]
Key Points
- Market Cap ₹ 495 Cr.
- Current Price ₹ 189
- High / Low ₹ 308 / 130
- Stock P/E 38.1
- Book Value ₹ 88.2
- Dividend Yield 1.59 %
- ROCE 10.0 %
- ROE 7.65 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 108%
Cons
- The company has delivered a poor sales growth of 8.28% over past five years.
- Company has a low return on equity of 5.17% over last 3 years.
- Earnings include an other income of Rs.11.5 Cr.
* 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
Loading peers table ...
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 235 | 232 | 242 | 253 | 184 | 164 | 169 | 187 | 170 | 167 | 244 | 251 | 240 | |
| 200 | 195 | 201 | 207 | 154 | 146 | 157 | 171 | 153 | 166 | 230 | 233 | 229 | |
| Operating Profit | 34 | 37 | 41 | 46 | 29 | 18 | 12 | 16 | 17 | 1 | 14 | 18 | 11 |
| OPM % | 15% | 16% | 17% | 18% | 16% | 11% | 7% | 9% | 10% | 1% | 6% | 7% | 5% |
| 2 | 2 | 3 | 5 | 6 | 7 | 5 | 5 | -9 | 6 | 8 | 10 | 12 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 5 | 5 |
| Profit before tax | 33 | 36 | 42 | 48 | 32 | 22 | 14 | 17 | 4 | 3 | 17 | 22 | 17 |
| Tax % | 24% | 24% | 22% | 33% | 31% | 27% | 22% | 21% | 22% | 10% | 23% | 23% | |
| 25 | 28 | 33 | 32 | 22 | 16 | 11 | 13 | 3 | 3 | 13 | 17 | 13 | |
| EPS in Rs | 9.49 | 10.48 | 12.39 | 12.18 | 8.33 | 6.00 | 4.03 | 5.06 | 1.05 | 0.99 | 5.04 | 6.38 | 4.95 |
| Dividend Payout % | 17% | 19% | 19% | 7% | 29% | 40% | 60% | 47% | 228% | 243% | 48% | 33% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 8% |
| 3 Years: | 14% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 10% |
| 3 Years: | 4% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 19% |
| 3 Years: | 33% |
| 1 Year: | 35% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 76 | 98 | 123 | 152 | 171 | 181 | 185 | 181 | 192 | 201 | 207 | 222 | 226 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | |
| 29 | 30 | 37 | 30 | 31 | 24 | 23 | 24 | 25 | 27 | 33 | 30 | 28 | |
| Total Liabilities | 111 | 133 | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 | 263 | 265 |
| 23 | 23 | 22 | 28 | 31 | 29 | 27 | 25 | 25 | 45 | 52 | 54 | 52 | |
| CWIP | 0 | 4 | 4 | 4 | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 | 0 |
| Investments | 27 | 40 | 63 | 83 | 93 | 107 | 99 | 82 | 95 | 112 | 113 | 127 | 136 |
| 60 | 66 | 75 | 72 | 84 | 74 | 87 | 92 | 83 | 75 | 86 | 82 | 77 | |
| Total Assets | 111 | 133 | 165 | 187 | 207 | 210 | 214 | 210 | 222 | 234 | 251 | 263 | 265 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32 | 25 | 31 | 30 | 9 | 14 | -3 | 8 | 13 | 9 | 10 | 20 | |
| -27 | -17 | -23 | -23 | -0 | -6 | 10 | 2 | -9 | -3 | -2 | -11 | |
| -6 | -6 | -7 | -8 | -8 | -8 | -8 | -12 | -3 | -7 | -7 | -7 | |
| Net Cash Flow | -0 | 2 | 1 | -1 | 1 | 0 | -0 | -1 | 1 | -1 | 1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33 | 40 | 51 | 43 | 58 | 64 | 75 | 73 | 63 | 49 | 44 | 37 |
| Inventory Days | 70 | 75 | 71 | 71 | 140 | 111 | 121 | 111 | 122 | 119 | 88 | 85 |
| Days Payable | 31 | 31 | 44 | 26 | 61 | 48 | 46 | 47 | 52 | 51 | 48 | 43 |
| Cash Conversion Cycle | 73 | 85 | 78 | 88 | 137 | 127 | 150 | 137 | 134 | 118 | 84 | 80 |
| Working Capital Days | 43 | 50 | 49 | 56 | 100 | 109 | 132 | 127 | 112 | 103 | 78 | 72 |
| ROCE % | 45% | 39% | 35% | 32% | 19% | 12% | 7% | 9% | 9% | 2% | 8% | 10% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
18h - Indag Rubber announces Q2 and H1 FY25 financial results.
-
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015
16 Nov - Received Show Cause Notice for GST demand of Rs. 14.59 lakh.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Newspaper extract of notice of intimation of record date for interim dividend for FY 2024-25
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Newspaper extract of financial results - standalone and consolidated for quarter and half year ended September 30, 2024.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
14 Nov - Interim Dividend of Rs. 0.90 declared for FY 2024-2025.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Sep 2024TranscriptNotesPPT
-
Sep 2024TranscriptNotesPPT
-
May 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Dec 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Dec 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
Jan 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
Jun 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Jan 2017TranscriptNotesPPT
-
Nov 2016TranscriptNotesPPT
-
Aug 2016TranscriptNotesPPT
-
Nov 2015TranscriptNotesPPT
-
Aug 2015TranscriptNotesPPT
Business Overview:[1]
Initially, the business was a joint venture with Bandag Corporation, USA, which was terminated in FY06 when the Khemka Group took over Bandag's shareholding. The company offers fleet owners retreading solutions that reduce expenses on new tires, resulting in lower cost-per-kilometer and reduced carbon footprints. Retreading saves up to 70% of the cost of a new tire and provides 70% of its lifespan.[2]