Indag Rubber Ltd Stock Analysis

BSE: 509162 | NSE: | Rubber Products | Small Cap

BSE Share Price 06-Feb-2023 18:01
93.85 2.45 (2.68%)

DeciZen - Make an Informed Decision on Indag Rubber

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Indag Rubber Price Chart

P/E Ratio ( SA) :
34.09
Market Cap :
246.4 Cr.
52-wk low :
59
52-wk high :
93.9
Bole Toh?

1. Is Indag Rubber Ltd a good quality company?

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

2. Is Indag Rubber Ltd 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 Fair zone.

3. Is Indag Rubber Ltd a good buy now?

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

10 Year X-Ray of Indag Rubber:

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.
Indag Rubber Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 34.5%29.6%27.4%21.5%11.8%7.8%5.8%7.2%6.5%1.4%-
Value Creation Index 1.51.11.00.5-0.2-0.4-0.6-0.5-0.5-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 235232242253184164169187170167224
YoY Gr. Rt. %--1%4.2%4.5%-27.4%-10.7%2.9%10.7%-9.1%-1.7%-
Adj EPS 9.410.31211.57.45.34.154.612.8
YoY Gr. Rt. %-9.9%15.9%-3.5%-36.2%-27.9%-23.7%24.4%-8.5%-78.7%-
BVPS (₹) 31.139.348.859.967.27172.571.175.178.779.2
Adj Net Profit 24.627.131.430.319.31410.613.212.12.67
Cash Flow from Ops. 32.324.630.829.98.713.8-2.58.312.78.5-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.7%-1.9%-0.4%-1.7%
Adj EPS -22.2%-33.2%-37.7%-78.7%
BVPS 10.93.22.84.7
Share Price 6.2% -11.6% 1.4% 18.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 34.429.327.221.311.67.75.676.31.33.5
Op. Profit Mgn % 14.6161718.115.9117.28.79.70.63
Net Profit Mgn % 10.511.7131210.58.56.37.17.11.53.2
Debt to Equity 0000000000-
Working Cap Days 9395101991301621651671811670
Cash Conv. Cycle 5660626181981111111101010

Recent Performance Summary

Sales growth is good in last 4 quarters at 36.66%

Return on Equity has declined versus last 3 years average to 3.50%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -37.69%

Latest Financials - Indag Rubber Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 0.8
TTM Sales (₹ Cr.) 224 167
BVPS (₹.) 79.2 78.7
Reserves (₹ Cr.) 203 201
P/BV 1.19 1.19
PE 34.09 118.89
From the Market
52 Week Low / High (₹) 59.00 / 93.85
All Time Low / High (₹) 0.33 / 237.00
Market Cap (₹ Cr.) 246
Equity (₹ Cr.) 5.3
Face Value (₹) 2
Industry PE 18.9

Management X-Ray of Indag Rubber :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indag Rubber

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Indag Rubber Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indag Rubber on 06-Feb-2023 18:01 is : 93.85.
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 06-Feb-2023 18:01 the market cap of Indag Rubber stood at ₹ 246.4.
The latest PE ratio of Indag Rubber as of 06-Feb-2023 18:01 is 34.09.
The latest PB ratio of Indag Rubber as of 06-Feb-2023 18:01 is 1.19
The 52-week high of Indag Rubber is ₹ 93.85 and the 52-week low is ₹ 59.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Indag Rubber is ₹ 224.0 ( Cr.) .

About Indag Rubber Ltd

Indag Rubber was founded by the Khemka Group during the early 80’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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