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Elgi Rubber Company Ltd (ELGIRUBCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590023 NSE: ELGIRUBCO Rubber Products | Small Cap | Elgi Rubber Co. Share Price

BSE Share Price
Not Listed

Elgi Rubber Company Ltd (ELGIRUBCO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590023 NSE: ELGIRUBCO Rubber Products | Small Cap | Elgi Rubber Co. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹225 Cr.
Current Price
₹0
52-Week Low / High
₹9 / 9
TTM EPS
₹-48
TTM Sales
₹367 Cr.
Book Value per Share
₹8.2
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
25.6
Price to Book (P/B)
5.49
Lower than its 5-year historical median
Price to Sales (P/S)
0.61
Lower than its 5-year historical median
EV/EBITDA
-14.07
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-2.36%
Underperforms industry median
Return on Capital Employed (ROCE)
4.47%
Underperforms industry median
Return on Assets (ROA)
-0.85%
Operating Profit Margin
3.8%
Net Profit Margin
-1.14%
Gross Profit Margin
-0.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.65%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-73.86%
Net Profit Growth (1 Year)
-
-137.39%
Asset Quality
Promoter Holding
65.03%
Pledged shares (%) of Promoter's holding (%)
21.51%
Reserves
₹77 Cr.
Equity
₹5 Cr.
Face Value
₹1
All Time Low / High
₹1.60 / 60.00

Elgi Rubber Company stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Elgi Rubber Company Ltd a good quality company?
Elgi Rubber Company Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Elgi Rubber Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Elgi Rubber Company Ltd vs industry peers?
Elgi Rubber Company Ltd revenue CAGR is 0.83%, compared to the industry median CAGR of 8.96%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Elgi Rubber Company Ltd?
Promoters hold 65.03% of the Elgi Rubber Company Ltd, with 21.51% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Elgi Rubber Company Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 4.95% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Elgi Rubber Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0.8%2.7%2.4%0.3%1%4.3%0%7.6%8.2%4.5%-
Value Creation
Index
-0.9-0.8-0.8-1.0-0.9-0.7-1.0-0.5-0.4-0.7-

Growth Parameters

Sales 362375377410368343390395386384367
Sales YoY Gr.-3.5%0.4%8.9%-10.1%-6.9%13.5%1.3%-2%-0.7%-
Adj EPS -2.7-0.3-1.1-3.7-50.1-3.8-1.20.3-3.2-48
YoY Gr.-NANANANANA-6466.7%NANA-1096.9%-
BVPS (₹) 50.149.747.744.637.136.634.336.837.935.88.2
Adj Net
Profit
-13.4-1.7-5.5-18.4-24.80.3-19.1-5.81.6-16-240
Cash Flow from Ops. 81.7-6.47.433.536.649.215.826.86-8.1-
Debt/CF from Ops. 3-41.540.38.57.34.915.610.150.9-33.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 0.6%0.8%-0.5%-0.7%
Adj EPS NANANA-1096.9%
BVPS-3.7%-0.7%1.5%-5.6%
Share Price - 3.8% 3.6% -23%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-5.1-0.7-2.3-8-12.10.2-10.8-3.30.9-8.7-218.4
Op. Profit
Mgn %
46.35.32.90.65.81.44.36.53.8-16.8
Net Profit
Mgn %
-3.7-0.5-1.5-4.5-6.70.1-4.9-1.50.4-4.2-65.5
Debt to
Equity
11.11.21.31.41.31.41.51.61.51.2
Working Cap
Days
233216224219235222186190196217132
Cash Conv.
Cycle
119126146139140131109112120127-4

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales362375377410368343390394386384
Operating Expenses + 348354359399371323384378362377
Manufacturing Costs47424962464869727769
Material Costs165176181200176163195186179182
Employee Cost 83817381847366614553
Other Costs 52555557654053596174
Operating Profit 15211811-220517256
Operating Profit Margin (%) 4.0%5.6%4.7%2.7%-0.6%5.7%1.4%4.2%6.4%1.7%
Other Income + 1013138161421252216
Exceptional Items -0-2-0181-881117
Interest 15151718191616232526
Depreciation 21181818171718161918
Profit Before Tax -11-2-5-16-153-161014-5
Tax 121-012132-0
Profit After Tax -11-4-6-16-151-16712-4
PAT Margin (%) -3.2%-1.1%-1.5%-3.9%-4.1%0.3%-4.2%1.7%3.0%-1.1%
Adjusted EPS (₹)-2.3-0.8-1.1-3.2-3.00.2-3.31.42.3-0.9
Dividend Payout Ratio (%)-16.20%-16.20%0%0%-5.30%0%0%0%0%0%

Valuation of Elgi Rubber Co. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 262249239223186183171184190179
Share Capital 5555555555
Reserves 257244234218181178166179185174
Debt +229246280261248209208219260227
Long Term Debt10910210410910077647610385
Short Term Debt120144176152148132145142157142
Minority Interest0000000000
Trade Payables39293447534457454545
Others Liabilities 18361292935584442
Total Liabilities 548526559542496466471505539493

Fixed Assets

Net Fixed Assets +258234245226208209205228242158
Gross Block616233301289303330339404428326
Accumulated Depreciation358-1566395121134177187168
CWIP 3830293133211722168
Investments 179841319294032
Inventories105121140142136110100109110121
Trade Receivables59615261505473676269
Cash Equivalents 13333230253225222640
Others Assets 74405344412833284363
Total Assets 548526559542496466471505539493

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 82-6733374916276-8
PBT -11-2-5-16-153-161014-5
Adjustment 7927293429213016935
Changes in Working Capital 16-30-1616222412-17-39
Tax Paid -3-2-1-0-01-1-101
Cash Flow From Investing Activity + -83-1-212162-9-29-1677
Capex -41-9-25-0101-12-32-1483
Net Investments 14104-113-4-7
Others -42332222122
Cash Flow From Financing Activity + -14413-37-54-47-12210-62
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1-624-9-23-202026-18
Interest Paid -14-15-17-18-19-16-15-23-26-26
Dividend Paid -1-2-1-0-100-0-0-0
Others 02829-24-25-82459-18
Net Cash Flow -15-40-1-15-6-0-07

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-4.42-1.61-2.32-6.98-7.440.59-9.223.86.24-2.36
ROCE (%)0.832.732.350.291.014.260.017.638.234.47
Asset Turnover Ratio0.690.720.70.740.710.710.830.810.740.74
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A49N/A3.860.5N/A
Working Capital Days
Receivable Days60.4056.105450.305555.1059.6065.2061.1062.40
Inventory Days106.20106125.50125.80137.80130.6098.1096.70103.80110.30
Payable Days98.9069.8063.2073.90103.40108.8094.1099.3091.7090.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.0021.51
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Elgi Rubber Company Ltd FAQs

The current trading price of Elgi Rubber Co. on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Elgi Rubber Co. stood at ₹224.6 Cr

The latest P/E ratio of Elgi Rubber Co. as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Elgi Rubber Co. as of 31-Dec-1969 is 1.16.

The 52-week high of Elgi Rubber Co. is ₹9.25 and the 52-week low is ₹8.51.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elgi Rubber Co. is ₹236 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Elgi Rubber Company Ltd is a below average quality company.

The key valuation ratios of Elgi Rubber Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Elgi Rubber Company Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Elgi Rubber Company Ltd

Elgi Rubber Company was incorporated on May 13, 1981 and the certificate of commencement of business was obtained on August 4, 1981. It was promoted by L G Balakrishnan and his brothers along with LG Balakrishnan & Bros, Elgi Equipments and Super Spinning Mills.

The company entered into a technical collaboration agreement with Oliver Rubber Company, USA. Under this agreement Oliver Rubber Company was to supply to the company technical information, data, documentation and specification relating to machinery, installation and commissioning of required plant and machinery and furnish chemical formula or process for the manufacture of licensed articles.

The company undertook to set up a project at Kirikera in Andhra Pradesh for manufacture of precured tyre treads; cold curing cushion; cold curing cement and cold curing envelopes.

Business area of the company

The company is engaged in manufacturing procured tyre treads, cushion compounds, cement, envelopes, etc.

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