Indag Rubber Ltd
₹ 144
2.75%
24 Apr
- close price
About
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products[1]
Key Points
- Market Cap ₹ 377 Cr.
- Current Price ₹ 144
- High / Low ₹ 308 / 115
- Stock P/E 79.9
- Book Value ₹ 86.7
- Dividend Yield 2.09 %
- ROCE 2.89 %
- ROE 2.08 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 4.11% over past five years.
- Earnings include an other income of Rs.11.8 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
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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 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 185 | 168 | 173 | 187 | 170 | 167 | 251 | 228 | |
| 155 | 148 | 158 | 171 | 154 | 167 | 234 | 227 | |
| Operating Profit | 30 | 21 | 15 | 16 | 16 | 0 | 17 | 2 |
| OPM % | 16% | 12% | 9% | 9% | 9% | 0% | 7% | 1% |
| 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 | 7 |
| Profit before tax | 32 | 22 | 14 | 17 | 4 | 3 | 20 | 6 |
| Tax % | 31% | 27% | 22% | 20% | 21% | 18% | 24% | 21% |
| 22 | 16 | 11 | 14 | 3 | 2 | 16 | 5 | |
| EPS in Rs | 8.33 | 6.01 | 4.10 | 5.12 | 0.97 | 0.79 | 6.15 | 2.49 |
| Dividend Payout % | 29% | 40% | 59% | 47% | 248% | 304% | 34% | 60% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 11% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | 34% |
| TTM: | -70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 21% |
| 3 Years: | 23% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 171 | 182 | 186 | 182 | 192 | 201 | 221 | 222 |
| 15 | 13 | 12 | 11 | 0 | 0 | 10 | 9 | |
| 35 | 29 | 27 | 28 | 39 | 27 | 35 | 38 | |
| Total Liabilities | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 275 |
| 49 | 46 | 44 | 41 | 25 | 45 | 64 | 60 | |
| CWIP | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 |
| Investments | 90 | 104 | 96 | 79 | 91 | 112 | 122 | 128 |
| 87 | 78 | 89 | 95 | 101 | 75 | 85 | 87 | |
| 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 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 8 | 17 | 0 | 10 | 15 | 8 | 18 | 3 | |
| -15 | -8 | 10 | 3 | -9 | -3 | -11 | 1 | |
| 9 | -10 | -10 | -15 | -5 | -7 | -4 | -7 | |
| Net Cash Flow | 2 | -1 | -1 | -2 | 1 | -1 | 3 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 63 | 73 | 74 | 63 | 49 | 37 | 40 |
| Inventory Days | 140 | 111 | 121 | 111 | 122 | 119 | 88 | 102 |
| Days Payable | 62 | 49 | 46 | 48 | 52 | 56 | 45 | 48 |
| Cash Conversion Cycle | 136 | 125 | 147 | 137 | 134 | 113 | 80 | 94 |
| Working Capital Days | 100 | 106 | 127 | 126 | 128 | 103 | 72 | 132 |
| ROCE % | 12% | 8% | 9% | 9% | 1% | 3% |
Documents
Announcements
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Board Meeting Outcome for Outcome Of Board Meeting
2d - Approved FY25 audited results; recommended final dividend Rs.1.50/share; auditor appointments; AGM to be scheduled.
- Financial Results 2d
- Corporate Action-Board approves Dividend 2d
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Appointment Of Secretarial Auditors And Cost Auditors
2d - Appointment of secretarial and cost auditors for FY 2025-26, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
2d - Indag Rubber revises and approves insider trading and UPSI disclosure codes as per SEBI regulations.
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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Nov 2016TranscriptNotesPPT
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Nov 2015TranscriptNotesPPT
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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]