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10 Yrs X-Ray 
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About
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
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
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹294 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
23.8
Price to Book (P/B)
7.19
Higher than its 5-year historical median
Price to Sales (P/S)
0.80
Higher than its 5-year historical median
EV/EBITDA
-16.00
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
-188.58%
Underperforms industry median
Return on Capital Employed (ROCE)
-49.96%
Underperforms industry median
Return on Assets (ROA)
-53.56%
Operating Profit Margin
-16.5%
Net Profit Margin
-65.55%
Gross Profit Margin
-18.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.54%
Operating Profit Growth (1 Year)
-
-1051.39%
Net Profit Growth (1 Year)
-
-
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
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
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?
Revenue growth of Elgi Rubber Company Ltd vs industry peers?
Elgi Rubber Company Ltd revenue CAGR is 1.33%, compared to the industry median CAGR of 8.42%, indicating slower growth and losing its market share.
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.
Stock return of Elgi Rubber Company Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 8.42% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.7% | 2.4% | 0.3% | 1% | 4.3% | 0% | 7.6% | 8.2% | 4.5% | -50% | - |
| Value Creation Index ⓘ | -0.8 | -0.8 | -1.0 | -0.9 | -0.7 | -1.0 | -0.5 | -0.4 | -0.7 | -4.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 375 | 377 | 410 | 368 | 343 | 390 | 395 | 386 | 384 | 367 | 367 |
| Sales YoY Gr. | - | 0.4% | 8.9% | -10.1% | -6.9% | 13.5% | 1.3% | -2% | -0.7% | -4.5% | - |
| Adj EPS ⓘ | -0.3 | -1.1 | -3.7 | -5 | 0.1 | -3.8 | -1.2 | 0.3 | -3.2 | -28.7 | -48 |
| YoY Gr. | - | NA | NA | NA | NA | -6466.7% | NA | NA | -1096.9% | NA | - |
| BVPS (₹) ⓘ | 49.7 | 47.7 | 44.6 | 37.1 | 36.6 | 34.3 | 36.8 | 37.9 | 35.8 | 15.1 | 8.2 |
| Adj Net Profit ⓘ | -1.7 | -5.5 | -18.4 | -24.8 | 0.3 | -19.1 | -5.8 | 1.6 | -16 | -144 | -240 |
| Cash Flow from Ops. ⓘ | -6.4 | 7.4 | 33.5 | 36.6 | 49.2 | 15.8 | 26.8 | 6 | -8.1 | -11.5 | - |
| Debt/CF from Ops. ⓘ | -41.5 | 40.3 | 8.5 | 7.3 | 4.9 | 15.6 | 10.1 | 50.9 | -33.4 | -27.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -0.3% | 1.3% | -2.4% | -4.5% | ||||
| Adj EPS ⓘ | NA | -443.6% | NA | NA | ||||
| BVPSⓘ | -12.4% | -16.2% | -25.6% | -57.7% | ||||
| Share Price | - | 8.4% | 6.4% | 2.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.7 | -2.3 | -8 | -12.1 | 0.2 | -10.8 | -3.3 | 0.9 | -8.7 | -112.9 | -412 |
| Op. Profit Mgn % ⓘ | 6.3 | 5.3 | 2.9 | 0.6 | 5.8 | 1.4 | 4.3 | 6.5 | 3.8 | -16.5 | -16.8 |
| Net Profit Mgn % ⓘ | -0.5 | -1.5 | -4.5 | -6.7 | 0.1 | -4.9 | -1.5 | 0.4 | -4.2 | -39.2 | -65.5 |
| Debt to Equity ⓘ | 1.1 | 1.2 | 1.3 | 1.4 | 1.3 | 1.4 | 1.5 | 1.6 | 1.5 | 4.1 | 1.2 |
| Working Cap Days ⓘ | 216 | 224 | 219 | 235 | 222 | 186 | 190 | 196 | 217 | 220 | 132 |
| Cash Conv. Cycle ⓘ | 126 | 146 | 139 | 140 | 131 | 109 | 112 | 120 | 127 | 133 | -4 |
Valuation of Elgi Rubber Co. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.51 | 21.51 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 375 | 377 | 410 | 368 | 343 | 390 | 394 | 386 | 384 | 366 |
| Operating Expenses ⓘ + | 354 | 359 | 399 | 371 | 323 | 384 | 378 | 362 | 377 | 428 |
| Operating Profit ⓘ | 21 | 18 | 11 | -2 | 20 | 5 | 17 | 25 | 6 | -62 |
| Operating Profit Margin (%) | 5.6% | 4.7% | 2.7% | -0.6% | 5.7% | 1.4% | 4.2% | 6.4% | 1.7% | -16.8% |
| Other Income ⓘ + | 13 | 13 | 8 | 16 | 14 | 21 | 25 | 22 | 16 | 25 |
| Interest ⓘ | 15 | 17 | 18 | 19 | 16 | 16 | 23 | 25 | 26 | 32 |
| Depreciation ⓘ | 18 | 18 | 18 | 17 | 17 | 18 | 16 | 19 | 18 | 18 |
| Profit Before Tax ⓘ | -2 | -5 | -16 | -15 | 3 | -16 | 10 | 14 | -5 | -241 |
| Tax ⓘ | 2 | 1 | -0 | 1 | 2 | 1 | 3 | 2 | -0 | -1 |
| Profit After Tax | -4 | -6 | -16 | -15 | 1 | -16 | 7 | 12 | -4 | -240 |
| PAT Margin (%) | -1.1% | -1.5% | -3.9% | -4.1% | 0.3% | -4.2% | 1.7% | 3.0% | -1.1% | -65.6% |
| Adjusted EPS (₹) | -0.8 | -1.1 | -3.2 | -3.0 | 0.2 | -3.3 | 1.4 | 2.3 | -0.9 | -48.0 |
| Dividend Payout Ratio (%) | -16.20% | 0% | 0% | -5.30% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 249 | 239 | 223 | 186 | 183 | 171 | 184 | 190 | 179 | 76 | |
| Debt + | 246 | 280 | 261 | 248 | 209 | 208 | 219 | 260 | 227 | 266 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 29 | 34 | 47 | 53 | 44 | 57 | 45 | 45 | 45 | 21 | |
| Others Liabilities ⓘ | 3 | 6 | 12 | 9 | 29 | 35 | 58 | 44 | 42 | 42 | |
| Total Liabilities ⓘ | 526 | 559 | 542 | 496 | 466 | 471 | 505 | 539 | 493 | 404 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 234 | 245 | 226 | 208 | 209 | 205 | 228 | 242 | 158 | -196 | |
| CWIP ⓘ | 30 | 29 | 31 | 33 | 21 | 17 | 22 | 16 | 8 | 12 | |
| Investments ⓘ | 7 | 9 | 8 | 4 | 13 | 19 | 29 | 40 | 32 | 31 | |
| Inventories | 121 | 140 | 142 | 136 | 110 | 100 | 109 | 110 | 121 | 83 | |
| Trade Receivables | 61 | 52 | 61 | 50 | 54 | 73 | 67 | 62 | 69 | 58 | |
| Cash Equivalents | 33 | 32 | 30 | 25 | 32 | 25 | 22 | 26 | 40 | 28 | |
| Others Assets ⓘ | 40 | 53 | 44 | 41 | 28 | 33 | 28 | 43 | 63 | 389 | |
| Total Assets ⓘ | 526 | 559 | 542 | 496 | 466 | 471 | 505 | 539 | 493 | 404 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -6 | 7 | 33 | 37 | 49 | 16 | 27 | 6 | -8 | -11 |
| Cash Flow From Investing Activity ⓘ + | -1 | -21 | 2 | 16 | 2 | -9 | -29 | -16 | 77 | -6 |
| Cash Flow From Financing Activity ⓘ + | 4 | 13 | -37 | -54 | -47 | -12 | 2 | 10 | -62 | 11 |
| Net Cash Flow ⓘ | -4 | 0 | -1 | -1 | 5 | -6 | -0 | -0 | 7 | -6 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -1.61 | -2.32 | -6.98 | -7.44 | 0.59 | -9.22 | 3.8 | 6.24 | -2.36 | -188.58 |
| ROCE (%) | 2.73 | 2.35 | 0.29 | 1.01 | 4.26 | 0.01 | 7.63 | 8.23 | 4.47 | -49.96 |
| Asset Turnover Ratio | 0.72 | 0.7 | 0.74 | 0.71 | 0.71 | 0.83 | 0.81 | 0.74 | 0.74 | 0.82 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 49 | N/A | 3.86 | 0.5 | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 56.10 | 54 | 50.30 | 55 | 55.10 | 59.60 | 65.20 | 61.10 | 62.40 | 63.60 |
| Inventory Days | 106 | 125.50 | 125.80 | 137.80 | 130.60 | 98.10 | 96.70 | 103.80 | 110.30 | 101.60 |
| Payable Days | 69.80 | 63.20 | 73.90 | 103.40 | 108.80 | 94.10 | 99.30 | 91.70 | 90.20 | 59.70 |
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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 ₹294.3 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 1.51.
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 Overvalued 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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