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

₹ 76.9 1.99%
02 Jul - close price
Company website 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 - BE
  • Market Cap ₹ 385 Cr.
  • Current Price ₹ 76.9
  • High / Low ₹ 86.5 / 38.2
  • Stock P/E 165
  • Book Value ₹ 37.9
  • Dividend Yield 0.00 %
  • ROCE 5.92 %
  • ROE 1.25 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.17% over past five years.
  • Company has a low return on equity of -0.87% over last 3 years.
  • Earnings include an other income of Rs.33.4 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
92.25 78.44 94.45 100.55 116.15 97.54 96.85 103.72 96.38 95.33 101.32 94.71 95.09
89.50 78.07 92.95 98.46 114.67 99.50 92.26 92.95 93.03 89.46 88.80 90.19 93.13
Operating Profit 2.75 0.37 1.50 2.09 1.48 -1.96 4.59 10.77 3.35 5.87 12.52 4.52 1.96
OPM % 2.98% 0.47% 1.59% 2.08% 1.27% -2.01% 4.74% 10.38% 3.48% 6.16% 12.36% 4.77% 2.06%
2.99 3.73 3.83 -0.65 5.74 10.02 10.02 18.78 -5.95 10.07 9.35 6.25 7.72
Interest 2.25 3.74 4.19 2.62 5.07 3.21 3.71 5.76 10.59 6.41 5.62 6.92 6.49
Depreciation 4.29 4.39 4.54 4.30 4.83 4.22 4.10 4.09 3.88 4.46 4.53 6.18 3.94
Profit before tax -0.80 -4.03 -3.40 -5.48 -2.68 0.63 6.80 19.70 -17.07 5.07 11.72 -2.33 -0.75
Tax % -7.50% -7.69% -41.18% 0.18% 35.07% 66.67% 17.06% 13.71% 5.68% 0.20% 12.80% 18.03% -128.00%
-0.86 -4.34 -4.79 -5.47 -1.75 0.21 5.64 16.99 -16.09 5.07 10.21 -1.92 -1.70
EPS in Rs -0.17 -0.87 -0.96 -1.09 -0.35 0.04 1.13 3.39 -3.21 1.01 2.04 -0.38 -0.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
477 489 440 362 375 377 410 368 343 390 394 386
440 456 440 348 354 359 398 371 323 384 378 362
Operating Profit 38 33 0 15 21 18 11 -2 20 5 17 25
OPM % 8% 7% 0% 4% 6% 5% 3% -1% 6% 1% 4% 6%
15 15 10 10 11 12 8 24 16 13 33 33
Interest 8 11 12 15 15 17 18 19 16 16 23 25
Depreciation 11 13 18 21 18 18 18 17 17 18 16 19
Profit before tax 33 23 -20 -11 -2 -5 -16 -15 3 -16 10 14
Tax % 33% 53% -14% -6% -157% -22% 2% -5% 66% -5% 33% 15%
23 11 -22 -11 -4 -6 -16 -15 1 -16 7 12
EPS in Rs 4.50 2.19 -4.47 -2.29 -0.81 -1.13 -3.22 -3.04 0.22 -3.27 1.35 2.33
Dividend Payout % 18% 17% -5% -16% -16% 0% 0% -5% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: -1%
3 Years: 4%
TTM: -2%
Compounded Profit Growth
10 Years: -14%
5 Years: 16%
3 Years: 105%
TTM: 53%
Stock Price CAGR
10 Years: 7%
5 Years: 30%
3 Years: 26%
1 Year: 95%
Return on Equity
10 Years: -4%
5 Years: -3%
3 Years: -1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 265 291 262 257 244 234 218 181 178 166 179 185
93 151 201 245 246 297 285 268 243 247 271 307
80 93 85 61 61 53 64 71 68 81 78 69
Total Liabilities 443 541 553 568 556 588 572 525 494 500 533 566
105 183 245 258 234 245 226 208 209 205 228 245
CWIP 2 27 22 38 30 29 31 33 21 17 22 16
Investments 3 2 1 1 7 9 8 4 13 19 29 40
334 329 284 271 284 306 308 281 252 260 255 264
Total Assets 443 541 553 568 556 588 572 525 494 500 533 566

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 152 50 82 -6 7 33 37 49 16 27 6
1 -111 -93 -83 -1 -21 2 16 2 -9 -29 -16
-7 -12 21 -14 4 13 -37 -54 -47 -12 2 10
Net Cash Flow -1 29 -22 -15 -4 0 -1 -1 5 -6 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 56 57 54 60 59 50 55 49 57 69 62 58
Inventory Days 144 176 175 231 250 280 260 281 246 186 215 226
Days Payable 68 72 80 85 59 68 86 110 99 106 88 92
Cash Conversion Cycle 132 161 149 206 250 262 229 221 204 149 189 192
Working Capital Days 105 113 94 122 142 142 122 120 125 105 105 124
ROCE % 12% 8% -2% 1% 2% 2% 0% -1% 4% 2% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
1.92% 1.46% 1.50% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46% 1.46%
2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36% 2.36%
30.69% 31.15% 31.11% 31.15% 31.15% 31.15% 31.15% 31.15% 31.15% 31.15% 31.15% 31.14%
No. of Shareholders 13,52514,16013,74314,02714,67914,34514,14313,89013,17314,43213,36014,772

* 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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