Is Indag Rubber Ltd (509162) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indag Rubber Ltd is a average quality company .

Is Indag Rubber Ltd (509162) undervalued or overvalued?

The key valuation ratios of Indag Rubber Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Indag Rubber Ltd (509162) share price return in the past 10 years?

Indag Rubber Ltd share price has declined -5.8% annually (CAGR) over the past ten years.

Is Indag Rubber Ltd (509162) a good buy now?

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

What is the share price of Indag Rubber Ltd (509162)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indag Rubber Ltd (509162) on 17-Apr-2026 16:59:59 at 16:59 is 94.82.

What is the P/E ratio of Indag Rubber?

The latest standalone P/E ratio of Indag Rubber as of 17-Apr-2026 is 23.76.

What is the P/B ratio of Indag Rubber Ltd (509162)?

The latest standalone P/B ratio of Indag Rubber Ltd (509162) as of 17-Apr-2026 is 1.05.

What is the 52-week high and low of Indag Rubber Ltd (509162)?

The 52-week high of Indag Rubber Ltd (509162) is Rs. 153.00 and the 52-week low is Rs. 84.60.

Indag Rubber Ltd (509162) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Indag Rubber Ltd (509162)
Brand: Indag Rubber

Indag Rubber Ltd (509162) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Indag Rubber Ltd (509162)

BSE: 509162 NSE:

Key Metrics

Market Cap

₹249 Cr.

P/E Ratio

23.76

Price to Book (P/B)

1.05

Price to Sales (P/S)

1.19

EV/EBITDA

12.61

Return on Capital Employed (ROCE)

4.87%

Current Price

₹94.8

Return on Equity (ROE)

3.69%

Return on Assets (ROA)

3.16%

Operating Profit Margin

Net Profit Margin

3.74%

Gross Profit Margin

7.1%

Book Value per Share

₹90.4

Sales Growth (YoY)

-10.49%

Sales Growth (3 Years)

10.43%

Operating Profit Growth (1 Year)

-74.45%

Operating Profit Growth (3 Years)

69.89%

Net Profit Growth (1 Year)

-49.73%

52-Week Low / High

₹85 / 153

Net Profit Growth (3 Years)

48.1%

Dividend Yield

2.00%

Promoter Holding

73.34%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Indag Rubber Ltd?

Indag Rubber Ltd revenue growth is -10.5% for FY-2025 , which is below its 5 year CAGR of 3.8% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Indag Rubber Ltd?

Promoters hold 73.34% of the Indag Rubber Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Indag Rubber Ltd vs industry peers?

Indag Rubber Ltd revenue CAGR is 3.78% , compared to the industry median CAGR of 10.28% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Indag Rubber Ltd belong to?

Indag Rubber Ltd belongs to the Agriculture & Allied activities sector, operating specifically within the Rubber Products segment.

Q.1 Stock return of Indag Rubber Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -6.9% based on the current price.

DeciZen - make an informed investing decision on Indag Rubber

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Indag Rubber stock performance

Key Ratios

Is Indag Rubber Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	34%	19.4%	12.1%	7.4%	9.1%	2.1%	1.6%	8.5%	10.3%	4.9%	-
Value Creation Index ⓘ	1.4	0.4	-0.1	-0.5	-0.4	-0.9	-0.9	-0.4	-0.3	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	253	184	164	169	187	170	167	244	251	225	209
Sales YoY Gr.	-	-27.4%	-10.7%	2.9%	10.7%	-9.1%	-1.7%	46.1%	3%	-10.5%	-
Adj EPS ⓘ	11.5	7.4	5.3	4.1	5	4.6	1	5	6.4	3.2	4
YoY Gr.	-	-36.2%	-27.9%	-23.7%	24.4%	-8.5%	-78.7%	413.3%	26.8%	-50.3%	-
BVPS (₹) ⓘ	59.9	67.2	71	72.5	71.1	75.1	78.7	80.7	86.4	87.7	90.4
Adj Net Profit ⓘ	30.3	19.3	14	10.6	13.2	12.1	2.6	13.2	16.8	8.3	10
Cash Flow from Ops. ⓘ	29.9	8.7	13.8	-2.5	8.3	12.7	8.5	9.7	20	6.5	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-1.3%	3.8%	10.4%	-10.5%
Adj EPS ⓘ	-13.4%	-8.9%	47.9%	-50.3%
BVPSⓘ	4.3%	4.3%	3.7%	1.4%
Share Price	-5.8%	3.3%	-3.4%	-36.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	21.3	11.6	7.7	5.6	7	6.3	1.3	6.3	7.6	3.6	4.5
Op. Profit Mgn % ⓘ	18.1	15.9	11	7.2	8.7	9.7	0.6	5.5	7.1	2	4.1
Net Profit Mgn % ⓘ	12	10.5	8.5	6.3	7.1	7.1	1.5	5.4	6.7	3.7	5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	99	130	162	165	167	181	167	117	117	129	94
Cash Conv. Cycle ⓘ	61	81	98	111	111	110	103	68	65	76	72

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	4	3.3
TTM Sales (₹ Cr.)	209	209
BVPS (₹) ⓘ	90.4	88.8
Reserves (₹ Cr.) ⓘ	232	228
P/BV ⓘ	1.05	1.07
PE ⓘ	23.76	29.03

From the Market
52 Week Low / High (₹)	84.60 / 153.00
All Time Low / High (₹)	0.33 / 308.00
Market Cap (₹ Cr.)	249
Equity (₹ Cr.)	5.3
Face Value (₹)	2
Industry PE ⓘ	23.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Indag Rubber - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	253	184	164	169	187	170	167	244	251	225
Operating Expenses ⓘ +	207	154	146	157	171	153	166	230	233	220
Manufacturing Costs	11	7	6	8	9	8	8	11	13	11
Material Costs	151	108	107	115	121	108	120	174	169	162
Employee Cost	21	19	16	18	21	21	21	22	25	27
Other Costs ⓘ	25	21	17	16	20	17	17	23	26	21
Operating Profit ⓘ	46	29	18	12	16	16	1	13	18	5
Operating Profit Margin (%)	18.1%	15.9%	10.9%	7.2%	8.7%	9.7%	0.6%	5.5%	7.1%	2.0%
Other Income ⓘ +	5	6	7	5	5	4	6	9	10	12
Exceptional Items ⓘ	0	0	0	0	0	-13	0	0	0	0
Interest ⓘ	1	1	0	0	0	0	0	0	1	1
Depreciation ⓘ	3	3	3	3	4	3	4	4	5	6
Profit Before Tax ⓘ	48	32	22	14	17	4	3	17	22	10
Tax ⓘ	16	10	6	3	3	1	0	4	5	2
Profit After Tax	32	22	16	11	13	3	3	13	17	8
PAT Margin (%)	12.7%	11.9%	9.6%	6.3%	7.1%	1.6%	1.6%	5.4%	6.7%	3.7%
Adjusted EPS (₹)	12.2	8.3	6.0	4.0	5.1	1.1	1.0	5.0	6.4	3.2
Dividend Payout Ratio (%)	20%	29%	40%	60%	47%	228%	243%	48%	47%	75%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	157	176	186	190	187	197	207	212	227	230
Share Capital ⓘ	5	5	5	5	5	5	5	5	5	5
Reserves ⓘ	152	171	181	185	181	192	201	207	222	225
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	11	18	14	14	15	15	17	23	20	21
Others Liabilities ⓘ	19	13	10	9	8	10	11	16	16	18
Total Liabilities ⓘ	187	207	210	214	210	222	234	251	263	269
Fixed Assets
Net Fixed Assets ⓘ +	28	31	29	27	25	25	23	31	34	32
Gross Block	52	34	35	36	38	41	42	53	60	60
Accumulated Depreciation	25	3	6	9	13	16	19	22	26	28
CWIP ⓘ	4	0	0	1	10	19	1	0	0	0
Investments ⓘ	83	93	107	99	82	95	112	113	127	135
Inventories	29	41	33	38	37	36	39	42	39	45
Trade Receivables	30	29	29	34	37	29	23	29	26	25
Cash Equivalents	4	5	4	5	3	4	2	2	5	3
Others Assets ⓘ	8	8	9	10	15	14	33	33	32	30
Total Assets ⓘ	187	207	210	214	210	222	234	251	263	269

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	30	9	14	-3	8	13	9	10	20	7
PBT ⓘ	48	32	22	14	17	4	3	17	22	10
Adjustment ⓘ	-2	-3	-4	-1	-0	13	1	2	1	-1
Changes in Working Capital ⓘ	-3	-11	2	-11	-4	8	6	-7	3	-0
Tax Paid ⓘ	-13	-9	-6	-4	-5	-12	-1	-3	-6	-3
Cash Flow From Investing Activity ⓘ +	-23	-0	-6	10	2	-9	-3	-2	-11	1
Capex	-7	-2	-1	-2	-14	-12	-4	-5	-6	-2
Net Investments	-18	-1	-9	10	13	0	-2	-0	-2	0
Others ⓘ	2	2	3	1	3	3	2	3	-3	2
Cash Flow From Financing Activity ⓘ +	-8	-8	-8	-8	-12	-3	-7	-7	-7	-9
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Dividend Paid ⓘ	-6	-6	-6	-6	-10	-2	-6	-6	-6	-8
Others ⓘ	-1	-1	-1	-1	-2	-0	0	-0	-1	-1
Net Cash Flow ⓘ	-1	1	0	-0	-1	1	-1	1	1	-2

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	22.43	13.12	8.69	5.61	7.05	1.44	1.28	6.33	7.64	3.69
ROCE (%)	33.98	19.43	12.11	7.43	9.07	2.06	1.56	8.47	10.32	4.87
Asset Turnover Ratio	1.45	1.04	0.81	0.8	0.88	0.79	0.73	1.01	0.98	0.84
PAT to CFO Conversion(x)	0.94	0.41	0.88	-0.27	0.62	4.33	3	0.77	1.18	0.88
Working Capital Days
Receivable Days	46	53	63	69	70	72	57	39	40	41
Inventory Days	43	63	81	77	73	78	82	61	59	69
Payable Days	36	49	55	45	45	52	48	41	46	46

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Indag Rubber Ltd FAQs

The current trading price of Indag Rubber on 17-Apr-2026 16:59 is ₹94.82.

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 16-Apr-2026 the market cap of Indag Rubber stood at ₹248.9 Cr

The latest P/E ratio of Indag Rubber as of 16-Apr-2026 is 23.76.

The latest P/B ratio of Indag Rubber as of 16-Apr-2026 is 1.05.

The 52-week high of Indag Rubber is ₹153.0 and the 52-week low is ₹84.60.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indag Rubber is ₹209 ( Cr.) .

About Indag Rubber Ltd

Indag Rubber was founded by the Khemka Group during the early 80â€™s and pioneered the introduction of cold retreading technology in India. Since then the company has provided retreading material to our customers ranging from precured tread to curing envelopes.

It offers complete range of application specific tread patterns for transportation industry with cost effective tyre solutions.

Indag uses advanced technology in terms of machinery, equipment and raw materials. As a result, our products give mileage that result in Lowest Cost Per Kilometer.

Indag continuously engages in R&D to develop and deliver superior compounds that give higher mileage to our customers. They constantly engage in testing of these compounds in the field to ensure that their customers get a product that gives superior performance.

Their factories are located in Nalagarh, Himachal Pradesh and Bhiwadi, Rajasthan to ensure speedy delivery of their product to their customers all over India and different parts of the World.

Products manufactured by the company:

Precured Tread Rubber
Un-vulcanized Rubber Strip Gum
Universal Spray Cement
Envelopes

Certification:

Their processes are ISO 9001:2000 certified.

Future Plans:

With an eye on exports and increased sales within the country, Indag Rubber has approved capacity expansion of the main manufacturing facility at Nalagarh, Himachal Pradesh

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Indag Rubber Ltd (509162) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Indag Rubber Share Price