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Indag Rubber Ltd. Stock Analysis

Small Cap
Evaluated by 632 users | BSE: 509162 | NSE: |
Rubber Products
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...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 33.55%24.2%38.03%34.5%29.57%27.42%21.53%11.8%7.82%5.15%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 111150216235232242253184164169
Y-o-Y Gr. Rt.-34.7%44.2%8.6%-1%4.2%4.5%-27.4%-10.7%2.9%
Adjusted EPS (Rs.) 4.394.087.969.3910.3211.9611.547.365.313.58
Y-o-Y Gr. Rt.--7.1%95.1%18%9.9%15.9%-3.5%-36.2%-27.9%-32.6%
Book Value per Share (Rs.) 13.7416.9123.4631.1139.2648.7659.8667.1871.0172.48
Adjusted Net Profit 11.510.720.924.627.131.430.319.3149.4
Net Op. Cash Flow (Rs. Cr.) 1.3815.532.324.630.829.98.713.8-2.5
Debt to Cash Flow from Ops 5.580.910.080000000
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.
Indag Rubber Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.7%-6.2%-12.6%2.9%
Adjusted EPS -2.2%-19.1%-32.3%-32.6%
Book Value per Share 20.313.16.62.1
Share Price 13.7% -16.6% -27.1% -6.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 36.6226.639.4434.429.3327.1821.2511.587.695
Operating Profit Margin (%) 11.8210.9113.7214.5916.0216.9618.0815.8910.967.23
Net Profit Margin (%) 10.367.149.6710.511.6712.9811.9910.528.515.58
Debt to Equity 0.20.160.020000000
Working Capital Days 10710990939510199130162165
Cash Conversion Cycle 495655566062618198110
Entity Percentage Holding
Promoters 73.36%
Institutions 2.48%
Non-Institutions 24.16%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Indag Rubber's performance infers:

Indag Rubber earnings have declined by -19.1%, whereas share price has depreciated -16.6% 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 Indag Rubber share prices over the last 10 years. Here is what we found out:

Indag Rubber share price has depreciated 13% annually over the past ten years.

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

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

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

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