BSE: 590023 | NSE: ELGIRUBCO | Rubber Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Elgi Rubber Company Ltd is a below average quality company.
The key valuation ratios of Elgi Rubber Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Elgi Rubber Company Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| 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 | 385 |
| 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 | 2.5 |
| 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 | 13 |
| 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 | - | 43.8% | 37.9% | 74.7% | ||||
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 | 10.9 |
| Op. Profit Mgn % ⓘ | 0.1 | 4 | 6.3 | 5.3 | 2.9 | 0.6 | 5.8 | 1.4 | 4.3 | 6.5 | 4.5 |
| Net Profit Mgn % ⓘ | -5.1 | -3.7 | -0.5 | -1.5 | -4.5 | -6.7 | 0.1 | -4.9 | -1.5 | 0.4 | 3.3 |
| Debt to Equity ⓘ | 0.8 | 1 | 1.1 | 1.2 | 1.3 | 1.4 | 1.3 | 1.4 | 1.5 | 1.6 | 0.5 |
| 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 |
Return on Equity has increased versus last 3 years average to 10.80%
Net Profit is growing at healthy rate in last 3 years 74.72%
Debt to equity has declined versus last 3 years average to 1.62
Sales growth has been subdued in last 3 years 4.04%
Sales growth is not so good in last 4 quarters at -2.84%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.5 | 2.5 |
| TTM Sales (₹ Cr.) | 223 | 385 |
| BVPS (₹.) ⓘ | 8.5 | 8.2 |
| Reserves (₹ Cr.) ⓘ | 80 | 77 |
| P/BV ⓘ | 11.68 | 12.17 |
| PE ⓘ | 39.57 | 39.73 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 8.51 / 9.25 |
| All Time Low / High (₹) | 1.60 / 60.00 |
| Market Cap (₹ Cr.) | 498 |
| Equity (₹ Cr.) | 5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 37.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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