Dolfin Rubbers

₹211.2 -3.8 | 1.8%

WEBSITE BSE:542013 NSE : DOLFIN 18 May, 12:50

Market Cap ₹212 Cr.

Stock P/E 57.1

P/B 7.9

Current Price ₹211.2

Book Value ₹ 26.7

Face Value 10

52W High ₹242

Dividend Yield 0.57%

52W Low ₹ 106

Edit Ratio

Dolfin Rubbers Research see more...

Overview Inc. Year: 1995Industry: Rubber Products

Dolfin Rubbers Ltd manufactures and sells vehicle and animal driven vehicle tubes for the tire industry in India, Bangladesh, Bhutan, Egypt, Nepal, Pakistan, and Sri Lanka. It offers its merchandise for mopeds, scooters, bikes, three wheelers, SCVs, LCVs, ADVs, power tillers, motors, jeeps, buses, trucks, and tractors with using butyl rubber. The corporation was established in 1995 and is based in Ludhiana, India.

Dolfin Rubbers Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Dolfin Rubbers Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	23	24	23	28	37	27
Other Income	0	0	0	0	0	0
Total Income	23	24	23	28	37	27
Total Expenditure	22	23	21	26	34	25
Operating Profit	2	2	2	2	3	2
Interest	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0
Profit Before Tax	1	1	1	1	2	1
Provision for Tax	-0	0	1	0	1	0
Profit After Tax	1	1	0	1	1	1
Adjustments	0	0	0	-0	0	0
Profit After Adjustments	1	1	0	1	1	1
Adjusted Earnings Per Share	1.1	0.7	0.5	0.9	1.5	0.9

Dolfin Rubbers Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	26	29	32	42	44	54	70	77	82	84	102	115
Other Income	0	0	0	0	0	0	0	0	0	0	0	0
Total Income	26	29	33	42	44	54	70	77	83	84	102	115
Total Expenditure	25	27	31	40	42	52	67	73	78	78	95	106
Operating Profit	1	2	2	2	2	3	4	4	5	6	7	9
Interest	0	0	0	0	0	0	0	0	0	1	1	0
Depreciation	0	0	0	0	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	1	1	1	1	2	3	3	4	4	5	5
Provision for Tax	0	0	0	1	0	0	1	1	1	1	1	2
Profit After Tax	1	1	1	1	1	1	2	3	3	3	3	3
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	1	1	1	1	1	2	3	3	3	3	3
Adjusted Earnings Per Share	0.7	0.8	0.8	0.7	0.9	1.8	1.9	2.6	2.8	2.8	3.3	3.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	10%	14%	15%
Operating Profit CAGR	17%	21%	18%	21%
PAT CAGR	0%	0%	25%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	67%	65%	41%	NA%
ROE Average	14%	14%	15%	14%
ROCE Average	15%	15%	17%	16%

Dolfin Rubbers Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	4	5	5	5	6	8	15	18	20	22	25
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1	3	2	1	1	0	0	1	3	2	2
Other Non-Current Liabilities	1	1	1	1	2	2	3	3	4	8	11
Total Current Liabilities	8	7	5	5	8	10	7	9	14	15	20
Total Liabilities	14	16	13	13	17	20	25	31	40	47	58
Fixed Assets	4	4	5	5	7	9	9	11	18	19	20
Other Non-Current Assets	0	0	0	0	1	0	3	5	1	2	3
Total Current Assets	10	11	8	7	9	11	13	16	22	26	35
Total Assets	14	16	13	13	17	20	25	31	40	47	58

Dolfin Rubbers Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	2	0	1	0	0	0	0
Cash Flow from Operating Activities	3	4	-0	2	-2	2	2	2	2
Cash Flow from Investing Activities	-1	-1	-3	-1	-3	-4	-4	-3	-4
Cash Flow from Financing Activities	-1	-2	2	-0	5	2	3	1	2
Net Cash Inflow / Outflow	0	0	-1	0	-0	-0	0	0	1
Closing Cash & Cash Equivalent	1	2	0	1	0	0	0	0	1

Dolfin Rubbers Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.68	0.77	0.83	0.72	0.94	1.78	1.86	2.56	2.83	2.8	3.3
CEPS(Rs)	1.01	1.19	1.31	1.37	1.78	2.56	2.49	3.27	3.66	3.94	4.6
DPS(Rs)	0	0	0	0	0	0	0	0	1.2	0	1.2
Book NAV/Share(Rs)	5.52	6.3	7.12	7.43	8.37	10.83	15	17.56	19.64	21.51	24.59
Core EBITDA Margin(%)	4.63	4.59	3.98	3.2	3.71	3.64	4.08	4.44	4.76	5.29	4.94
EBIT Margin(%)	3.85	3.77	3.21	2.4	2.64	3.02	3.57	3.87	4.09	4.41	4.07
Pre Tax Margin(%)	2.49	2.45	2.44	2.21	2.32	2.7	3.44	3.74	3.97	3.68	3.4
PAT Margin (%)	1.72	1.7	1.66	1.09	1.37	1.97	2.22	2.76	2.8	2.68	2.5
Cash Profit Margin (%)	2.55	2.61	2.62	2.08	2.58	2.83	2.97	3.54	3.62	3.78	3.47
ROA(%)	3.83	3.8	4.16	4.06	4.78	7.24	8.31	9.17	7.98	6.44	6.33
ROE(%)	13.1	13.07	12.33	9.86	11.96	18.58	16.22	15.7	15.22	13.59	14.34
ROCE(%)	13.3	12.57	11.69	15	16.64	19.12	21.03	18.45	15.71	14.51	15.14
Receivable days	44.26	47.11	43.98	29.11	29.7	33.62	37.61	40.84	42.68	41.83	36.76
Inventory Days	56.8	43.65	20.69	4.37	6.27	8.6	9.96	12.2	19.4	35.9	40.41
Payable days	63.1	56.1	41.34	28.46	34	40.89	27.86	21.69	22.28	25.28	31.34
PER(x)	0	0	0	0	0	0	22.75	11.96	12.3	31.92	37.77
Price/Book(x)	0	0	0	0	0	0	2.82	1.74	1.77	4.15	5.08
Dividend Yield(%)	0	0	0	0	0	0	0	0	2.59	0	0.96
EV/Net Sales(x)	0.23	0.26	0.12	0.02	0.19	0.16	0.63	0.45	0.55	1.2	1.36
EV/Core EBITDA(x)	4.46	4.7	2.53	0.6	4.34	3.31	12.19	8.09	9.19	17.43	20.64
Net Sales Growth(%)	16.84	9.56	13.88	28.62	5.4	23.06	29.31	9.45	7.53	1.22	21.73
EBIT Growth(%)	15.64	12.86	-6.71	-1.16	15.17	49.84	48.91	19.77	15.58	11.32	16.93
PAT Growth(%)	11.75	13.74	7.06	-13.29	31.72	88.92	42.06	37.32	10.7	-1.19	18.17
EPS Growth(%)	11.75	13.74	7.06	-13.29	31.72	88.92	4.29	37.32	10.7	-1.18	18.17
Debt/Equity(x)	1.16	1.44	0.69	0.22	0.53	0.45	0.12	0.25	0.56	0.52	0.56
Current Ratio(x)	1.25	1.58	1.58	1.52	1.1	1.11	1.77	1.75	1.54	1.69	1.73
Quick Ratio(x)	0.62	1.14	1.38	2.5	0.95	0.99	1.36	1.4	1	0.84	0.91
Interest Cover(x)	2.84	2.86	4.16	12.75	8.38	9.44	29.06	31.5	33.96	6.05	6.11
Total Debt/Mcap(x)	0	0	0	0	0	0	0.04	0.14	0.32	0.13	0.11

Dolfin Rubbers Shareholding Pattern

#	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	33.76	35.56	35.69	35.88	36	36.09	36.09	36.09	36.1	36.1
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	66.24	64.44	64.31	64.12	64	63.91	63.91	63.91	63.9	63.9
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.25	0.27	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.5	0.48	0.64	0.64	0.64	0.64	0.64	0.64	0.64	0.64
Others	0	0	0	0	0	0	0	0	0	0
Total	0.75	0.75	1	1	1	1	1	1	1	1

Pros

Company has delivered good profit growth of 24% CAGR over last 5 years

Cons

Promoter holding is low: 36.1%.
Company has a low return on equity of 14% over the last 3 years.
Debtor days have increased from 25.28 to 31.34days.
Stock is trading at 7.9 times its book value.

* 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.

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Dolfin Rubbers

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Dolfin Rubbers Research see more...

Overview Inc. Year: 1995Industry: Rubber Products

Dolfin Rubbers Share Price

Alert Data

Quarterly Price

Peer Comparison

Dolfin Rubbers Quarterly Results

Dolfin Rubbers Profit & Loss

Growth Rates

Dolfin Rubbers Balance Sheet

Dolfin Rubbers Cash Flow

Dolfin Rubbers Ratios

Dolfin Rubbers Shareholding Pattern

Dolfin Rubbers News

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