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Govind Rubber Ltd. Stock Analysis

Small Cap
Evaluated by 214 users | BSE: 509148 | NSE: GOVINRUBER |
Tyres & Allied
Govind Rubber Ltd. (GRL) was established in the year 1981.Over the years,GRL operations have been grown multifold. Presently,it has a work force of over 6,000 persons and an installed production capacity of over 60,000 Metric Tones per anum.Govind Rubber is a part of a big Industrial group...

Analysis of Financial Track Record

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.
Value Creation
 Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Capital Employed 9.35%9.17%10.67%16.86%9.94%8.71%9.14%10.22%3.71%-16.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 247290340336408407339295205109
Y-o-Y Gr. Rt.-17.5%17%-1.2%21.4%-0.1%-16.9%-12.9%-30.4%-46.9%
Adjusted EPS (Rs.) 1.221.482.025.190.9-0.32-0.430.41-3.04-16.99
Y-o-Y Gr. Rt.-21.3%36.5%156.9%-82.7%-135.6%NANA-841.5%NA
Book Value per Share (Rs.) 5.056.548.8613.914.6214.7514.5814.6410.6210.37
Adjusted Net Profit 2.73.24.411.32-0.7-10.9-6.6-37.1
Net Op. Cash Flow (Rs. Cr.) 8.431.74.819.32.634.227.930.114.913
Debt to Cash Flow from Ops 14.013.2720.455.546.683.424.043.388.9810.22
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Govind Rubber Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -8.7%-23.2%-31.5%-46.9%
Adjusted EPS -234%-280%NANA
Book Value per Share 8.3-6.6-10.7-2.4
Share Price -16% -32.9% -51.6% 125.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Equity (%) 25.8125.5126.245.636.33-2.2-2.962.8-24.03-161.83
Operating Profit Margin (%) 7.475.997.145.615.55.236.597.895.17-18.07
Net Profit Margin (%) 1.081.111.33.380.48-0.17-0.280.3-3.23-34.02
Debt to Equity 10.687.265.043.483.743.633.553.185.785.88
Working Capital Days 190153152184172182214227319503
Cash Conversion Cycle 11397989283869372134217
Entity Percentage Holding
Promoters 28.37%
Institutions 19.24%
Non-Institutions 52.40%
Pledged *42.1642.1642.160.280.280.280.280.280.280.28
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Govind Rubber Ltd.'s performance infers:

Govind Rubber Ltd. earnings have declined by -280%, whereas share price has depreciated -32.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Govind Rubber Ltd. share prices over the last 10 years. Here is what we found out:

Govind Rubber Ltd. share price has depreciated -19.6% annually over the past ten years.

Govind Rubber Ltd. (GRL) was established in the year 1981.Over the years,GRL operations have been grown multifold. Presently,it has a work force of over 6,000 persons and an installed production capacity of over 60,000 Metric Tones per anum.

Govind Rubber is a part of a big Industrial group called Siyaram Poddar Group (SPG). The group is engagged in the business of diverse products like Tires,Textiles and Paper products.

GRL Tire range in
Govind Rubber Ltd. (GRL) was established in the year 1981.Over the years,GRL operations have been grown multifold. Presently,it has a work force of over 6,000 persons and an installed production capacity of over 60,000 Metric Tones per anum.

Govind Rubber is a part of a big Industrial group called Siyaram Poddar Group (SPG). The group is engagged in the business of diverse products like Tires,Textiles and Paper products.

GRL Tire range in ‘International’ brand is reckoned for high degree quality consistency.It has earned customer confidence and goodwill in international and domestic markets with prestigious OEM's and in replacement markets,worldwide.The development of new sizes,profiles and special types of Tires is an ongoing in-house activity. The research and development department has its own fully equipped laboratory for conducting checks and controls where stingent tests are conducted and findings can be traced for each batch.

Govind's mission is to achieve Industry Leader status in special niche markets by continuously improving on its tires through its fully developed Research and Development Labs, while recognising the requirements in consonance with its customers.

The Motto of Govindis to Extend Tire Life,Reduce Down Time,Improve Performance and Safety and thereby reduce the consumers operating cost i.e. 'more miles from smiles'TM

Govind was founded by late Mr.M.P.Poddar a true visionary who always thought of globalization of operations.With reliability of quality,service and on time delivery while keeping a constant eye on Research and Development,being the cornerstones of his working principles. As a result Govind Rubber Limited has made exclusive and strategic agreements/arrangements in the USA,Europe,Middle East & Far East to cater to its wide customer base.

They invite equipment manufactures/dealers to discuss with us on how we can jointly develop Tires for their special applications. Come contact us today and see how we can make a difference to your business.

Product range of the company includes

GRL manufactures Auto Tires in Nylon Cross Ply(Bias Type) for 
  • Mining
  • Skid Steer
  • Forklifts
  • Light trucks
  • Trailors
  • Pickup Vans
  • Motorcycles
  • Scooters & Moped 
  • Trailer
  • Tractor
  • Farm etc
Company also manufactures Tubes and Tube valve

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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