Indag Rubber

₹163.8 2.1 | 1.3%

WEBSITE BSE:509162 NSE : INDAG RUBBER 18 May, 12:50

Market Cap ₹430 Cr.

Stock P/E 26.6

P/B 1.9

Current Price ₹163.8

Book Value ₹ 86.4

Face Value 2

52W High ₹186

Dividend Yield 1.83%

52W Low ₹ 121.6

Edit Ratio

Indag Rubber Research see more...

Overview Inc. Year: 1978Industry: Rubber Products

Indag Rubber Ltd is a leading manufacturer of high-quality industrial rubber products in India. The company offers a wide range of products such as conveyor belts, transmission belts, hoses, and rubber sheets, among others. Indag Rubber Ltd has state-of-the-art manufacturing facilities equipped with advanced technology and modern equipment to ensure that their products meet international quality standards. The company has a strong focus on research and development, and continuously strives to innovate and improve its products to meet the changing needs of the market. Indag Rubber Ltd caters to a diverse range of industries such as automotive, mining, construction, and agriculture, among others. The company is committed to sustainability and operates with a strong sense of social responsibility.

Indag Rubber Share Price

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Peer Comparison

Indag Rubber Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Net Sales	55	38	41	44	44	56	63	60	64	63
Other Income	2	2	1	1	3	1	2	2	3	3
Total Income	57	41	42	45	47	58	65	63	67	66
Total Expenditure	47	38	36	38	39	55	62	57	57	59
Operating Profit	10	3	6	8	8	3	3	6	10	8
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	9	2	5	7	7	2	2	5	8	6
Provision for Tax	3	1	2	2	1	0	1	2	1	1
Profit After Tax	6	2	4	5	6	1	2	3	7	5
Adjustments	-6	-2	-4	-5	-6	0	0	0	0	0
Profit After Adjustments	0	0	0	0	0	1	2	3	7	5
Adjusted Earnings Per Share	2.3	0.6	1.4	1.8	2.2	0.6	0.6	1.3	2.5	1.8

Indag 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	235	232	242	253	184	164	169	187	170	167	244	250
Other Income	2	2	3	5	6	7	5	5	4	6	9	10
Total Income	236	234	245	258	190	171	174	191	174	173	253	261
Total Expenditure	200	195	201	207	154	146	157	171	153	166	230	235
Operating Profit	36	39	44	51	35	25	17	21	20	7	22	27
Interest	0	0	0	1	1	0	0	0	0	0	0	0
Depreciation	2	3	2	3	3	3	3	4	3	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-13	0	0	0
Profit Before Tax	33	36	42	48	32	22	14	17	4	3	17	21
Provision for Tax	8	8	9	16	10	6	3	3	1	0	4	5
Profit After Tax	25	28	33	32	22	16	11	13	3	3	13	17
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	25	28	33	32	22	16	11	13	3	3	13	17
Adjusted Earnings Per Share	9.5	10.5	12.4	12.2	8.3	6	4	5.1	1.1	1	5	6.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	46%	9%	8%	0%
Operating Profit CAGR	214%	2%	-3%	-5%
PAT CAGR	333%	0%	-4%	-6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	17%	22%	11%	9%
ROE Average	6%	3%	4%	14%
ROCE Average	8%	4%	6%	20%

Indag 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	82	103	128	157	176	186	190	187	197	207	212
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1	2	0	3	4	4	4	3	4	4	10
Total Current Liabilities	28	29	37	27	27	20	19	21	21	23	29
Total Liabilities	111	133	165	187	207	210	214	210	222	234	251
Fixed Assets	23	23	22	28	31	29	27	25	25	23	31
Other Non-Current Assets	4	25	20	59	64	104	93	91	113	111	120
Total Current Assets	83	85	123	100	112	78	93	94	84	99	100
Total Assets	111	133	165	187	207	210	214	210	222	234	251

Indag 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	1	1	3	4	2	3	3	3	1	2	1
Cash Flow from Operating Activities	32	25	31	30	9	14	-3	8	13	9	10
Cash Flow from Investing Activities	-27	-17	-23	-23	-0	-6	10	2	-9	-3	-2
Cash Flow from Financing Activities	-6	-6	-7	-8	-8	-8	-8	-12	-3	-7	-7
Net Cash Inflow / Outflow	-0	2	1	-1	1	0	-0	-1	1	-1	1
Closing Cash & Cash Equivalent	1	3	4	3	3	3	3	1	2	1	2

Indag 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)	9.51	10.49	12.41	12.18	8.33	6	4.03	5.06	1.05	0.99	5.04
CEPS(Rs)	10.46	11.45	13.16	13.23	9.46	7.17	5.22	6.49	2.3	2.58	6.74
DPS(Rs)	1.6	2	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4	2.4
Book NAV/Share(Rs)	31.11	39.26	48.76	59.86	67.18	71.01	72.48	71.05	75.12	78.68	80.69
Core EBITDA Margin(%)	14.55	16.02	16.95	17.94	14.29	10.68	7.15	8.7	9.68	0.55	5.51
EBIT Margin(%)	14.19	15.64	17.54	19.01	15.88	13.07	8.29	9.15	2.33	1.89	7.27
Pre Tax Margin(%)	14.01	15.5	17.38	18.79	15.62	12.87	8.05	8.95	2.08	1.72	7.07
PAT Margin (%)	10.63	11.86	13.47	12.55	10.72	9.38	6.26	7.11	1.63	1.55	5.43
Cash Profit Margin (%)	11.69	12.94	14.28	13.63	12.17	11.2	8.12	9.11	3.56	4.06	7.26
ROA(%)	25.21	22.58	21.85	18.18	11.11	7.55	4.99	6.27	1.28	1.14	5.46
ROE(%)	34.87	29.82	28.21	22.43	13.12	8.69	5.61	7.05	1.44	1.28	6.33
ROCE(%)	46.13	39.34	36.74	33.98	19.43	12.11	7.43	9.07	2.06	1.56	8.47
Receivable days	32.92	36.66	44.74	45.78	52.87	62.88	68.5	70.01	71.64	56.91	38.84
Inventory Days	50.74	49.87	46.96	42.8	63.29	80.59	76.64	73.31	78.38	82.23	60.91
Payable days	32.01	31.58	37.05	35.94	48.84	54.85	45.43	45.09	52.06	48.38	41.31
PER(x)	4.23	5.51	11.9	13.55	24.4	27.04	26.51	10.41	85.48	62.89	19.57
Price/Book(x)	1.29	1.47	3.03	2.76	3.03	2.29	1.47	0.74	1.2	0.79	1.22
Dividend Yield(%)	3.98	3.46	1.62	1.45	1.18	1.48	2.25	4.56	2.67	3.86	2.43
EV/Net Sales(x)	0.44	0.64	1.59	1.7	2.88	2.57	1.63	0.72	1.37	0.96	1.05
EV/Core EBITDA(x)	2.89	3.82	8.64	8.37	14.95	16.87	16.09	6.48	11.35	21.89	11.58
Net Sales Growth(%)	8.56	-1.02	4.16	4.51	-27.38	-10.68	2.9	10.7	-9.06	-1.72	46.09
EBIT Growth(%)	17.97	8.98	16.83	14.14	-33.13	-32.22	-36.3	22.2	-76.89	-20.22	462.18
PAT Growth(%)	19.66	10.3	18.31	-1.88	-31.59	-27.95	-32.91	25.6	-79.21	-6.11	410.71
EPS Growth(%)	19.66	10.3	18.31	-1.88	-31.59	-27.95	-32.91	25.6	-79.21	-6.11	410.68
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	3.02	2.97	3.35	3.71	4.15	3.96	4.87	4.57	3.96	4.33	3.41
Quick Ratio(x)	1.88	1.86	2.52	2.62	2.62	2.29	2.89	2.78	2.27	2.61	1.97
Interest Cover(x)	78.89	116.18	107.05	86.36	62.15	67.17	34.41	45.22	9.29	10.95	36.83
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Indag Rubber Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.34	73.34	73.34	73.34	73.34	73.34	73.34	73.34	73.34	73.34
FII	2.48	2.48	2.48	2.48	2.36	2.36	2.08	1.21	1.21	1
DII	0.58	0.58	0.58	0.58	0.58	1.14	1.14	1.14	0	0
Public	23.6	23.6	23.6	23.6	23.72	23.15	23.43	24.31	25.45	25.66
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.93	1.93	1.93	1.93	1.93	1.93	1.93	1.93	1.93	1.93
FII	0.07	0.07	0.07	0.07	0.06	0.06	0.05	0.03	0.03	0.03
DII	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0	0
Public	0.62	0.62	0.62	0.62	0.62	0.61	0.62	0.64	0.67	0.67
Others	0	0	0	0	0	0	0	0	0	0
Total	2.63	2.63	2.63	2.63	2.63	2.63	2.63	2.63	2.63	2.63

Pros

Debtor days have improved from 48.38 to 41.31days.
Company is almost debt free.

Cons

Company has a low return on equity of 3% over the last 3 years.
The company has delivered a poor profit growth of -4% over past five years.

* 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.

Indag Rubber News

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Indag Rubber

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Indag Rubber Research see more...

Overview Inc. Year: 1978Industry: Rubber Products

Indag Rubber Share Price

Alert Data

Quarterly Price

Peer Comparison

Indag Rubber Quarterly Results

Indag Rubber Profit & Loss

Growth Rates

Indag Rubber Balance Sheet

Indag Rubber Cash Flow

Indag Rubber Ratios

Indag Rubber Shareholding Pattern

Indag Rubber News

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