BSE: 590023 | NSE: ELGIRUBCO | Rubber Products | Small Cap
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.7% | 0.8% | 2.7% | 2.4% | 0.3% | 1% | 4.3% | 0% | 7.6% | 8.2% | - |
| Value Creation Index ⓘ | -1.1 | -0.9 | -0.8 | -0.8 | -1.0 | -0.9 | -0.7 | -1.0 | -0.5 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 440 | 362 | 375 | 377 | 410 | 368 | 343 | 390 | 395 | 386 | 382 |
| Sales YoY Gr. | - | -17.6% | 3.5% | 0.4% | 8.9% | -10.1% | -6.9% | 13.5% | 1.3% | -2% | - |
| Adj EPS ⓘ | -4.5 | -2.7 | -0.3 | -1.1 | -3.7 | -5 | 0.1 | -3.8 | -1.2 | 0.3 | 2.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | -6466.7% | NA | NA | - |
| BVPS (₹) ⓘ | 53.4 | 50.1 | 49.7 | 47.7 | 44.6 | 37.1 | 36.6 | 34.3 | 36.8 | 37.9 | 8.2 |
| Adj Net Profit ⓘ | -22.4 | -13.4 | -1.7 | -5.5 | -18.4 | -24.8 | 0.3 | -19.1 | -5.8 | 1.6 | 11 |
| Cash Flow from Ops. ⓘ | 50.1 | 81.7 | -6.4 | 7.4 | 33.5 | 36.6 | 49.2 | 15.8 | 26.8 | 6 | - |
| Debt/CF from Ops. ⓘ | 4 | 3 | -41.5 | 40.3 | 8.5 | 7.3 | 4.9 | 15.6 | 10.1 | 50.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -1.4% | -1.2% | 4% | -2% | ||||
| Adj EPS ⓘ | NA | NA | 74.7% | NA | ||||
| BVPSⓘ | -3.7% | -3.2% | 1.2% | 3.1% | ||||
| Share Price | - | 32.4% | 22.1% | 15.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -8 | -5.1 | -0.7 | -2.3 | -8 | -12.1 | 0.2 | -10.8 | -3.3 | 0.9 | 9.5 |
| Op. Profit Mgn % ⓘ | 0.1 | 4 | 6.3 | 5.3 | 2.9 | 0.6 | 5.8 | 1.4 | 4.3 | 6.5 | 6 |
| Net Profit Mgn % ⓘ | -5.1 | -3.7 | -0.5 | -1.5 | -4.5 | -6.7 | 0.1 | -4.9 | -1.5 | 0.4 | 2.9 |
| Debt to Equity ⓘ | 0.8 | 1 | 1.1 | 1.2 | 1.3 | 1.4 | 1.3 | 1.4 | 1.5 | 1.6 | - |
| Working Cap Days ⓘ | 198 | 233 | 216 | 224 | 219 | 235 | 222 | 186 | 190 | 196 | 113 |
| Cash Conv. Cycle ⓘ | 106 | 119 | 126 | 146 | 139 | 140 | 131 | 109 | 112 | 120 | -4 |
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.7 | 2.2 |
| TTM Sales (₹ Cr.) | 221 | 382 |
| BVPS (₹.) ⓘ | 8.5 | 8.2 |
| Reserves (₹ Cr.) ⓘ | 80 | 77 |
| P/BV ⓘ | 6.42 | 6.69 |
| PE ⓘ | 32.14 | 25.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 8.51 / 9.25 |
| All Time Low / High (₹) | 1.60 / 60.00 |
| Market Cap (₹ Cr.) | 274 |
| Equity (₹ Cr.) | 5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 27.5 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 118 | -6.5 | 119 | 16.5 | 150 | 30.9 | 134 | 11.5 |
| Adj EPS (₹) ⓘ | 17.6 | 43.8 | 18.9 | 78.7 | 27.7 | 93.1 | 16.6 | 6.1 |
| Op. Profit Mgn % ⓘ | 25.21 | 177 bps | 26.21 | 344 bps | 30.81 | 520 bps | 24.79 | -43 bps |
| Net Profit Mgn % ⓘ | 20.32 | 710 bps | 21.63 | 753 bps | 25.09 | 808 bps | 16.91 | -86 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Apcotex Inds | 296.5 | -7.5 (-2.5%) | Small Cap | 1,080 | 10.2 | 9.6 | 30 | 2.8 |
| GRP | 2,653.2 | 241.2 (10%) | Small Cap | 462 | 53.6 | 5 | 45 | 7.2 |
| Pix Transmission | 1,578.1 | 9.2 (0.6%) | Small Cap | 455 | 80.8 | 16.4 | 19.4 | 4 |
| Elgi Rubber Co. | - | 0 (0%) | Small Cap | 386 | 2.2 | 0.4 | 25 | 6.7 |
| Rubfila Internatl. | 70.7 | -0.3 (-0.4%) | Small Cap | 386 | 4.1 | 4.4 | 17.4 | 1.5 |
| Indag Rubber | 123.4 | 0.7 (0.5%) | Small Cap | 251 | 3.9 | 6.7 | 31.7 | 1.4 |
| Dolfin Rubbers | 200 | -1.5 (-0.7%) | Small Cap | 126 | 5.1 | 3.7 | 39.8 | 6.3 |
| Somi Conveyor Beltg | 187.5 | 5.2 (2.8%) | Small Cap | 102 | 5.5 | 4.4 | 33.2 | 2.8 |
| Vamshi Rubber | 45.6 | 0.6 (1.4%) | Small Cap | 77.4 | 1.6 | 0.8 | 29 | 1.3 |
| Captain Pipes | 14.6 | 0 (0.2%) | Small Cap | 76.3 | 0.3 | 5.2 | 50.6 | 5.8 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 440 | 362 | 375 | 377 | 410 | 368 | 343 | 390 | 394 | 386 |
| Operating Expenses ⓘ | 440 | 348 | 354 | 359 | 399 | 371 | 323 | 384 | 378 | 362 |
| Manufacturing Costs | 67 | 47 | 42 | 49 | 62 | 46 | 48 | 69 | 72 | 77 |
| Material Costs | 232 | 165 | 176 | 181 | 200 | 176 | 163 | 195 | 186 | 179 |
| Employee Cost | 75 | 83 | 81 | 73 | 81 | 84 | 73 | 66 | 61 | 45 |
| Other Costs ⓘ | 66 | 52 | 55 | 55 | 57 | 65 | 40 | 53 | 59 | 61 |
| Operating Profit ⓘ | 0 | 15 | 21 | 18 | 11 | -2 | 20 | 5 | 17 | 25 |
| Operating Profit Margin (%) | 0.0% | 4.0% | 5.6% | 4.7% | 2.7% | -0.6% | 5.7% | 1.4% | 4.2% | 6.4% |
| Other Income ⓘ | 11 | 10 | 13 | 13 | 8 | 16 | 14 | 21 | 25 | 22 |
| Interest ⓘ | 12 | 15 | 15 | 17 | 18 | 19 | 16 | 16 | 23 | 25 |
| Depreciation ⓘ | 18 | 21 | 18 | 18 | 18 | 17 | 17 | 18 | 16 | 19 |
| Exceptional Items ⓘ | 0 | 0 | -2 | 0 | 1 | 8 | 1 | -8 | 8 | 11 |
| Profit Before Tax ⓘ | -20 | -11 | -2 | -5 | -16 | -15 | 3 | -16 | 10 | 14 |
| Tax ⓘ | 3 | 1 | 2 | 1 | 0 | 1 | 2 | 1 | 3 | 2 |
| Profit After Tax | -22 | -11 | -4 | -6 | -16 | -15 | 1 | -16 | 7 | 12 |
| PAT Margin (%) | -5.1% | -3.2% | -1.1% | -1.5% | -3.9% | -4.1% | 0.3% | -4.2% | 1.7% | 3.0% |
| Adjusted EPS (₹) | -4.5 | -2.3 | -0.8 | -1.1 | -3.2 | -3.0 | 0.2 | -3.3 | 1.4 | 2.3 |
| Dividend Payout Ratio (%) | -5% | -16% | -16% | 0% | 0% | -5% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 267 | 262 | 249 | 239 | 223 | 186 | 183 | 171 | 184 | 190 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 262 | 257 | 244 | 234 | 218 | 181 | 178 | 166 | 179 | 185 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 196 | 229 | 246 | 280 | 261 | 248 | 209 | 208 | 219 | 260 |
| Long Term Debt | 108 | 109 | 102 | 104 | 109 | 100 | 77 | 64 | 76 | 103 |
| Short Term Debt | 89 | 120 | 144 | 176 | 152 | 148 | 132 | 145 | 142 | 157 |
| Trade Payables | 51 | 39 | 29 | 34 | 47 | 53 | 44 | 57 | 45 | 45 |
| Others Liabilities ⓘ | 21 | 18 | 3 | 6 | 12 | 9 | 29 | 35 | 58 | 44 |
| Total Liabilities ⓘ | 536 | 548 | 526 | 559 | 542 | 496 | 466 | 471 | 505 | 539 |
Fixed Assets | ||||||||||
| Gross Block | 550 | 616 | 233 | 301 | 289 | 303 | 330 | 339 | 404 | 428 |
| Accumulated Depreciation | 304 | 358 | -1 | 56 | 63 | 95 | 121 | 134 | 177 | 187 |
| Net Fixed Assetsⓘ | 245 | 258 | 234 | 245 | 226 | 208 | 209 | 205 | 228 | 242 |
| CWIP ⓘ | 22 | 38 | 30 | 29 | 31 | 33 | 21 | 17 | 22 | 16 |
| Investmentsⓘ | 1 | 1 | 7 | 9 | 8 | 4 | 13 | 19 | 29 | 40 |
| Inventories | 112 | 105 | 121 | 140 | 142 | 136 | 110 | 100 | 109 | 110 |
| Trade Receivables | 65 | 59 | 61 | 52 | 61 | 50 | 54 | 73 | 67 | 62 |
| Cash Equivalents | 28 | 13 | 33 | 32 | 30 | 25 | 32 | 25 | 22 | 26 |
| Others Assetsⓘ | 62 | 74 | 40 | 53 | 44 | 41 | 28 | 33 | 28 | 43 |
| Total Assets ⓘ | 536 | 548 | 526 | 559 | 542 | 496 | 466 | 471 | 505 | 539 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 50 | 82 | -6 | 7 | 33 | 37 | 49 | 16 | 27 | 6 |
| PBT ⓘ | -19 | -11 | -2 | -5 | -16 | -15 | 3 | -16 | 10 | 14 |
| Adjustment ⓘ | 42 | 79 | 27 | 29 | 34 | 29 | 21 | 30 | 16 | 9 |
| Changes in Working Capital ⓘ | 34 | 16 | -30 | -16 | 16 | 22 | 24 | 1 | 2 | -17 |
| Tax Paid ⓘ | -6 | -3 | -2 | -1 | 0 | 0 | 1 | -1 | -1 | 0 |
| Cash Flow From Investing Activity ⓘ | -93 | -83 | -1 | -21 | 2 | 16 | 2 | -9 | -29 | -16 |
| Capex | -80 | -41 | -9 | -25 | 0 | 10 | 1 | -12 | -32 | -14 |
| Net Investments | 0 | 1 | 4 | 1 | 0 | 4 | -1 | 1 | 3 | -4 |
| Others ⓘ | -13 | -42 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 |
| Cash Flow From Financing Activityⓘ | 21 | -14 | 4 | 13 | -37 | -54 | -47 | -12 | 2 | 10 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 35 | 1 | -6 | 2 | 4 | -9 | -23 | -20 | 20 | 26 |
| Interest Paid ⓘ | -11 | -14 | -15 | -17 | -18 | -19 | -16 | -15 | -23 | -26 |
| Dividend Paid ⓘ | -2 | -1 | -2 | -1 | 0 | -1 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 28 | 29 | -24 | -25 | -8 | 24 | 5 | 9 |
| Net Cash Flow ⓘ | -22 | -15 | -4 | 0 | -1 | -1 | 5 | -6 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -7.94 | -4.42 | -1.61 | -2.32 | -6.98 | -7.44 | 0.59 | -9.22 | 3.8 | 6.24 |
| ROCE (%) | -1.65 | 0.83 | 2.73 | 2.35 | 0.29 | 1.01 | 4.26 | 0.01 | 7.63 | 8.23 |
| Asset Turnover Ratio | 0.87 | 0.69 | 0.72 | 0.7 | 0.74 | 0.71 | 0.71 | 0.83 | 0.81 | 0.74 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | 49 | N/A | 3.86 | 0.5 |
| Working Capital Days | ||||||||||
| Receivable Days | 56 | 60 | 56 | 54 | 50 | 55 | 55 | 60 | 65 | 61 |
| Inventory Days | 95 | 106 | 106 | 125 | 126 | 138 | 131 | 98 | 97 | 104 |
| Payable Days | 81 | 99 | 70 | 63 | 74 | 103 | 109 | 94 | 99 | 92 |
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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