Indag Rubber Ltd
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products[1]
- Market Cap ₹ 333 Cr.
- Current Price ₹ 127
- High / Low ₹ 308 / 115
- Stock P/E 46.2
- Book Value ₹ 87.6
- Dividend Yield 2.36 %
- ROCE %
- ROE %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 7.74% over past five years.
- Earnings include an other income of Rs.11.6 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 185 | 168 | 173 | 187 | 170 | 167 | 251 | 235 | |
| 155 | 148 | 158 | 171 | 154 | 167 | 234 | 230 | |
| Operating Profit | 30 | 21 | 15 | 16 | 16 | 0 | 17 | 5 |
| OPM % | 16% | 12% | 9% | 9% | 9% | 0% | 7% | 2% |
| 6 | 7 | 5 | 5 | -9 | 7 | 10 | 12 | |
| Interest | 1 | 2 | 2 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 3 | 4 | 4 | 4 | 3 | 4 | 5 | 6 |
| Profit before tax | 32 | 22 | 14 | 17 | 4 | 3 | 20 | 10 |
| Tax % | 31% | 27% | 22% | 20% | 21% | 18% | 24% | |
| 22 | 16 | 11 | 14 | 3 | 2 | 16 | 7 | |
| EPS in Rs | 8.33 | 6.01 | 4.10 | 5.12 | 0.97 | 0.79 | 6.15 | 3.30 |
| Dividend Payout % | 29% | 40% | 59% | 47% | 248% | 304% | 34% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 14% |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 12% |
| TTM: | % |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 21% |
| 3 Years: | 22% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 171 | 182 | 186 | 182 | 192 | 201 | 221 | 225 |
| 15 | 13 | 12 | 11 | 0 | 0 | 10 | 10 | |
| 35 | 29 | 27 | 28 | 39 | 27 | 35 | 34 | |
| Total Liabilities | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 275 |
| 49 | 46 | 44 | 41 | 25 | 45 | 64 | 62 | |
| CWIP | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 |
| Investments | 90 | 104 | 96 | 79 | 91 | 112 | 122 | 129 |
| 87 | 78 | 89 | 95 | 101 | 75 | 85 | 83 | |
| Total Assets | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 275 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 8 | 17 | 0 | 10 | 15 | 8 | 18 | |
| -15 | -8 | 10 | 3 | -9 | -3 | -11 | |
| 9 | -10 | -10 | -15 | -5 | -7 | -4 | |
| Net Cash Flow | 2 | -1 | -1 | -2 | 1 | -1 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 63 | 73 | 74 | 63 | 49 | 37 |
| Inventory Days | 140 | 111 | 121 | 111 | 122 | 119 | 88 |
| Days Payable | 62 | 49 | 46 | 48 | 52 | 56 | 45 |
| Cash Conversion Cycle | 136 | 125 | 147 | 137 | 134 | 113 | 80 |
| Working Capital Days | 100 | 106 | 127 | 126 | 128 | 103 | 72 |
| ROCE % | 12% | 8% | 9% | 9% | 1% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate under Regulation 74(5) for Q1 2025.
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015
1d - GST proceedings dropped; no payment required.
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Closure of Trading Window
26 Mar - Closure of trading window from April 1, 2025.
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Announcement under Regulation 30 (LODR)-Meeting Updates
13 Mar - Board approved extension of CCPS tenure for 8 years.
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Update Regarding Drop Of Proceedings Against The Company By The Assistant Commissioner Of State Tax, Raipur
7 Mar - GST proceedings dropped; no payment required.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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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]