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Govind Rubber Overview

Govind Rubber Ltd is an Indian public limited company operating in the rubber and polymer manufacturing sector. The company is engaged in the manufacture and supply of rubber based products, catering to industrial, automotive, and commercial applications. Its core business activities include processing of rubber, production of molded rubber components, and supply of customized rubber solutions for various end user industries. Govind Rubber Ltd is a listed company in India and follows applicable regulatory and corporate governance requirements....Read More

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Govind Rubber Key Financials

Market Cap ₹6 Cr.

Stock P/E -1.1

P/B -

Current Price ₹2.8

Book Value ₹ 0

Face Value 10

52W High ₹0

Dividend Yield 0%

52W Low ₹ 0

Govind Rubber Share Price

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Volume
Price

Govind Rubber Quarterly Price

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Govind Rubber Peer Comparison

Govind Rubber Quarterly Results

#(Fig in Cr.) Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
Net Sales 54 44 33 37 26 13 2 0 1 0
Other Income 0 -0 1 0 0 1 0 0 0 0
Total Income 55 44 34 37 26 14 2 0 1 0
Total Expenditure 46 50 32 35 26 36 19 3 1 87
Operating Profit 9 -6 2 2 -0 -22 -17 -3 -1 -87
Interest 3 5 4 5 4 2 0 0 18 -1
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses -4 0 0 0 0 0 0 0 -8 0
Profit Before Tax 1 -12 -3 -3 -5 -25 -19 -4 -28 -87
Provision for Tax 0 -4 0 0 0 0 0 0 0 0
Profit After Tax 1 -8 -3 -3 -5 -25 -19 -4 -28 -87
Adjustments -1 8 3 3 5 -0 19 4 28 0
Profit After Adjustments 0 0 0 0 0 -25 0 0 0 -87
Adjusted Earnings Per Share 0.5 -3.5 -1.5 -1.4 -2.4 -11.5 -8.5 -1.6 -12.7 -39.9

Govind Rubber 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 408 407 339 295 205 109 3 0 38 96 81 3
Other Income 1 2 3 0 1 1 0 206 22 0 0 0
Total Income 409 409 342 295 206 110 3 206 60 96 81 3
Total Expenditure 386 386 317 273 195 129 111 28 52 91 73 110
Operating Profit 23 23 25 23 11 -18 -108 178 8 5 8 -108
Interest 18 20 21 19 17 16 18 0 0 1 3 17
Depreciation 3 3 4 3 3 3 3 2 2 2 3 4
Exceptional Income / Expenses 0 0 -0 0 -4 0 -8 0 0 0 0 -8
Profit Before Tax 2 0 0 0 -13 -37 -137 176 6 2 3 -138
Provision for Tax 1 -0 0 0 -4 0 0 13 10 3 8 0
Profit After Tax 2 0 0 0 -9 -37 -137 163 -4 -2 -5 -138
Adjustments 0 0 0 0 0 0 0 0 0 0 0 51
Profit After Adjustments 2 0 0 0 -9 -37 -137 163 -4 -2 -5 -87
Adjusted Earnings Per Share 0.7 0.1 0 0.1 -4.2 -16.8 -62.7 74.8 -7.9 -2.3 -7.9 -62.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -16% 0% -6% -15%
Operating Profit CAGR 60% -64% 0% -10%
PAT CAGR 0% NAN% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 0% -3% 1% -17%
ROE Average -16% -10% -6% -20%
ROCE Average 8% 7% 65% 33%

Govind Rubber 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 32 32 32 32 23 23 -114 49 28 37 31
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 29 29 18 19 20 20 9 17 23 25 30
Other Non-Current Liabilities 10 6 7 4 -0 2 -9 9 20 23 32
Total Current Liabilities 186 202 213 188 190 175 196 13 30 26 18
Total Liabilities 258 269 271 242 233 219 82 88 101 111 111
Fixed Assets 33 41 40 43 41 73 70 68 66 65 63
Other Non-Current Assets 15 13 13 7 7 8 6 6 3 3 3
Total Current Assets 210 215 219 193 185 138 6 14 32 43 44
Total Assets 258 269 271 242 233 219 82 88 101 111 111

Govind Rubber Cash Flow

#(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
Opening Cash & Cash Equivalents 6 3 4 2 1 1 1 0 5 1 0
Cash Flow from Operating Activities 3 34 28 30 15 13 15 0 13 -11 9
Cash Flow from Investing Activities -5 -8 -3 -1 -1 1 1 0 -0 -1 -1
Cash Flow from Financing Activities -0 -26 -25 -30 -13 -14 -17 0 -18 11 -8
Net Cash Inflow / Outflow -3 1 0 -1 0 0 -1 0 -4 -1 1
Closing Cash & Cash Equivalent 3 4 4 1 1 1 0 0 1 0 1

Govind Rubber 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) 0.71 0.13 0.03 0.06 -4.17 -16.84 -62.69 74.84 -7.89 -2.3 -7.9
CEPS(Rs) 2.03 1.62 1.68 1.56 -2.61 -15.65 -61.3 75.85 -3.58 0.83 -4.08
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 14.62 14.75 14.58 14.64 10.62 10.37 -52.32 22.52 56.79 54.21 46.31
Core EBITDA Margin(%) 5 4.89 5.79 6.7 4.91 -16.78 -3676.42 -6766.24 -37.52 4.99 9.65
EBIT Margin(%) 4.58 4.55 5.61 5.83 1.89 -17.84 -4051.35 0 15.86 3.02 6.67
Pre Tax Margin(%) 0.48 0.03 0.09 0.05 -6.06 -31.31 -4663.77 0 15.82 1.87 3.22
PAT Margin (%) 0.36 0.06 0.02 0.04 -4.22 -31.31 -4663.77 0 -10.45 -1.62 -6.57
Cash Profit Margin (%) 1.03 0.81 0.98 1.03 -2.64 -29.11 -4560.24 0 -4.74 0.59 -3.4
ROA(%) 0.64 0.11 0.02 0.05 -3.84 -16.3 -91.15 192.63 -4.18 -1.47 -4.81
ROE(%) 5.01 0.88 0.18 0.41 -33.04 -160.42 0 0 -10.18 -4.79 -15.72
ROCE(%) 13.67 13.19 14.21 13.82 2.8 -13.39 -148.02 449.98 8.93 4.37 8.16
Receivable days 120.14 127 129.86 125.69 161.93 200.13 3183.36 2673.69 46.33 34.97 64.42
Inventory Days 38.11 36.67 60.03 71.47 91.9 151.51 2520.06 205.42 61.53 59.31 77.65
Payable days 108.83 119.35 176.16 191.1 207.04 219.47 387.42 0 147.54 85.54 73
PER(x) 24.91 118.51 774.32 267.83 0 0 0 0.02 0 0 0
Price/Book(x) 1.22 1.04 1.37 1.09 3.18 1.37 -0.07 0.06 0.06 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.38 0.36 0.45 0.45 0.99 1.49 47.7 54.14 0.89 0.43 0.44
EV/Core EBITDA(x) 6.88 6.33 6.09 5.94 17.92 -8.83 -1.18 0.12 4.23 8.3 4.47
Net Sales Growth(%) 21.38 -0.09 -16.85 -12.92 -30.37 -46.9 -97.55 -84.65 9130.08 153.55 -15.3
EBIT Growth(%) -3.03 0.85 5.36 -7.91 -78.8 -613.67 -467.67 247.98 -96.6 -51.69 86.96
PAT Growth(%) -85.82 -81.93 -80.11 132.26 -7093.09 -303.59 -272.28 219.38 -102.42 60.59 -242.72
EPS Growth(%) -85.82 -81.93 -80.09 132.16 -7093.01 -303.59 -272.28 219.38 -110.55 70.81 -242.72
Debt/Equity(x) 3.74 3.63 3.55 3.18 5.78 5.88 -1.04 0.49 1.14 0.95 0.96
Current Ratio(x) 1.13 1.07 1.03 1.03 0.97 0.79 0.03 1.11 1.05 1.64 2.47
Quick Ratio(x) 0.9 0.85 0.66 0.75 0.67 0.56 0.03 1.11 0.63 0.93 1.57
Interest Cover(x) 1.12 1.01 1.02 1.01 0.24 -1.32 -6.62 0 457.32 2.63 1.94
Total Debt/Mcap(x) 3.07 3.5 2.6 2.91 1.82 4.28 14.59 7.68 4.61 0 0

Govind Rubber Shareholding Pattern

# Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoter 28.37 28.37 28.37 28.37 28.37 28.37 28.37 28.37 28.37 28.37
FII 0 0 0 0 0 0 0 0 0 0
DII 19.62 19.29 19.29 19.38 19.29 19.24 19.24 19.24 19.24 19.24
Public 52.01 52.34 52.34 52.26 52.34 52.4 52.4 52.4 52.4 52.4
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Govind Rubber News

Govind Rubber Pros & Cons

Pros

  • Debtor days have improved from 85.54 to 73days.

Cons

  • Promoter holding is low: 28.37%.
  • Company has a low return on equity of -10% over the last 3 years.
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