BSE: 500367 | NSE: RUBFILA | Rubber Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Rubfila International Ltd is a good quality company.
The key valuation ratios of Rubfila International Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rubfila International Ltd is likely to Fall 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 % ⓘ | 33% | 19.2% | 25.4% | 33.4% | 19% | 14% | 23.3% | 27.4% | 13.4% | 10% | - |
| Value Creation Index ⓘ | 1.4 | 0.4 | 0.8 | 1.4 | 0.4 | -0 | 0.7 | 1.0 | 0.0 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 161 | 164 | 176 | 215 | 214 | 228 | 270 | 417 | 371 | 386 | 415 |
| Sales YoY Gr. | - | 1.7% | 7.3% | 22% | -0.5% | 6.5% | 18.6% | 54.3% | -11% | 4.1% | - |
| Adj EPS ⓘ | 3.1 | 1.9 | 2.9 | 4.6 | 3.9 | 3 | 5.5 | 8 | 4 | 3.1 | 3.1 |
| YoY Gr. | - | -39.4% | 54.8% | 60.4% | -16.2% | -22.7% | 85.3% | 44.4% | -49.6% | -23.1% | - |
| BVPS (₹) ⓘ | 15.5 | 16.8 | 18.8 | 24.7 | 28 | 30.5 | 35.5 | 42.3 | 44.9 | 47.1 | 47.9 |
| Adj Net Profit ⓘ | 13.3 | 8 | 12.5 | 20.9 | 18.3 | 14.8 | 30 | 43.4 | 21.9 | 16.9 | 17 |
| Cash Flow from Ops. ⓘ | 5.9 | 5.6 | 10.3 | 4.3 | 36.1 | 37.2 | 11.8 | 32.9 | 30.1 | 19.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.2% | 12.6% | 12.7% | 4.1% | ||||
| Adj EPS ⓘ | 0.1% | -4.3% | -17.6% | -23.1% | ||||
| BVPSⓘ | 13.1% | 11% | 9.9% | 5% | ||||
| Share Price | 4.9% | 18.4% | -11.1% | -5% | ||||
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 % ⓘ | 21.4 | 11.5 | 16.2 | 21.4 | 14.9 | 10.4 | 17.4 | 20.6 | 9.3 | 6.8 | 6.5 |
| Op. Profit Mgn % ⓘ | 13.4 | 8.8 | 10.6 | 14.9 | 11.3 | 9.3 | 16.1 | 14.8 | 9.2 | 7.2 | 6.6 |
| Net Profit Mgn % ⓘ | 8.2 | 4.9 | 7.1 | 9.7 | 8.6 | 6.5 | 11.1 | 10.4 | 5.9 | 4.4 | 4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 108 | 131 | 133 | 132 | 132 | 105 | 104 | 84 | 100 | 98 | 50 |
| Cash Conv. Cycle ⓘ | 43 | 51 | 40 | 37 | 50 | 44 | 30 | 31 | 48 | 49 | 41 |
Sales growth is growing at healthy rate in last 3 years 12.65%
Sales growth is good in last 4 quarters at 13.42%
Return on Equity has declined versus last 3 years average to 6.50%
Net Profit has been subdued in last 3 years -17.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | 4.3 |
| TTM Sales (₹ Cr.) | 415 | 497 |
| BVPS (₹.) ⓘ | 47.9 | 51.1 |
| Reserves (₹ Cr.) ⓘ | 233 | 250 |
| P/BV ⓘ | 1.60 | 1.50 |
| PE ⓘ | 24.72 | 17.97 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 66.00 / 101.30 |
| All Time Low / High (₹) | 0.45 / 129.00 |
| Market Cap (₹ Cr.) | 415 |
| Equity (₹ Cr.) | 27.1 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 34.5 |
| 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 | 161 | 164 | 176 | 215 | 214 | 228 | 270 | 417 | 371 | 386 |
| Operating Expenses ⓘ | 140 | 150 | 157 | 183 | 190 | 207 | 227 | 355 | 337 | 358 |
| Manufacturing Costs | 11 | 11 | 10 | 17 | 19 | 15 | 18 | 28 | 34 | 33 |
| Material Costs | 116 | 125 | 133 | 151 | 155 | 170 | 185 | 299 | 271 | 291 |
| Employee Cost | 7 | 9 | 9 | 9 | 10 | 11 | 13 | 15 | 17 | 22 |
| Other Costs ⓘ | 5 | 5 | 5 | 6 | 6 | 11 | 11 | 13 | 15 | 13 |
| Operating Profit ⓘ | 22 | 14 | 19 | 32 | 24 | 21 | 43 | 61 | 34 | 28 |
| Operating Profit Margin (%) | 13.4% | 8.8% | 10.6% | 14.9% | 11.3% | 9.3% | 16.1% | 14.8% | 9.2% | 7.2% |
| Other Income ⓘ | 1 | 2 | 3 | 4 | 4 | 2 | 2 | 4 | 5 | 6 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 3 | 3 | 3 | 4 | 3 | 3 | 5 | 6 | 7 | 9 |
| Exceptional Items ⓘ | 0 | 0 | 1 | 0 | -2 | 0 | 0 | -2 | 0 | 0 |
| Profit Before Tax ⓘ | 20 | 13 | 19 | 33 | 23 | 20 | 40 | 58 | 32 | 25 |
| Tax ⓘ | 7 | 5 | 7 | 11 | 6 | 5 | 10 | 15 | 8 | 6 |
| Profit After Tax | 14 | 8 | 13 | 21 | 17 | 15 | 30 | 43 | 23 | 19 |
| PAT Margin (%) | 8.4% | 4.9% | 7.1% | 9.8% | 8.0% | 6.6% | 11.2% | 10.3% | 6.3% | 4.9% |
| Adjusted EPS (₹) | 3.1 | 1.9 | 2.9 | 4.7 | 3.6 | 3.0 | 5.6 | 7.9 | 4.3 | 3.5 |
| Dividend Payout Ratio (%) | 24% | 27% | 26% | 21% | 28% | 39% | 23% | 22% | 28% | 34% |
| 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 | 67 | 72 | 81 | 111 | 132 | 151 | 193 | 229 | 243 | 256 |
| Share Capital ⓘ | 22 | 22 | 22 | 23 | 24 | 25 | 27 | 27 | 27 | 27 |
| Reserves ⓘ | 45 | 51 | 59 | 89 | 108 | 126 | 166 | 202 | 216 | 229 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 9 | 8 | 9 | 12 | 10 | 16 | 17 | 21 | 18 | 17 |
| Others Liabilities ⓘ | 19 | 17 | 20 | 17 | 15 | 27 | 29 | 25 | 28 | 30 |
| Total Liabilities ⓘ | 94 | 97 | 110 | 140 | 157 | 194 | 239 | 275 | 289 | 303 |
Fixed Assets | ||||||||||
| Gross Block | 73 | 75 | 86 | 99 | 115 | 153 | 166 | 196 | 223 | 229 |
| Accumulated Depreciation | 44 | 47 | 50 | 53 | 55 | 59 | 63 | 69 | 76 | 84 |
| Net Fixed Assetsⓘ | 29 | 28 | 36 | 45 | 60 | 94 | 102 | 127 | 147 | 145 |
| CWIP ⓘ | 0 | 0 | 0 | 3 | 8 | 0 | 5 | 3 | 1 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 1 | 17 | 33 | 32 | 32 | 32 | 32 |
| Inventories | 10 | 7 | 7 | 10 | 9 | 10 | 13 | 19 | 24 | 24 |
| Trade Receivables | 24 | 27 | 21 | 31 | 32 | 31 | 30 | 53 | 44 | 49 |
| Cash Equivalents | 5 | 6 | 3 | 4 | 4 | 3 | 7 | 11 | 4 | 20 |
| Others Assetsⓘ | 27 | 30 | 43 | 46 | 27 | 22 | 50 | 30 | 36 | 33 |
| Total Assets ⓘ | 94 | 97 | 110 | 140 | 157 | 194 | 239 | 275 | 289 | 303 |
| 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 ⓘ | 6 | 6 | 10 | 4 | 36 | 37 | 12 | 33 | 30 | 20 |
| PBT ⓘ | 20 | 13 | 19 | 33 | 23 | 20 | 40 | 58 | 32 | 25 |
| Adjustment ⓘ | 2 | 2 | 0 | 0 | 1 | 2 | 4 | 3 | 5 | 4 |
| Changes in Working Capital ⓘ | -14 | -2 | -3 | -17 | 18 | 20 | -23 | -15 | 0 | -4 |
| Tax Paid ⓘ | -3 | -7 | -7 | -11 | -7 | -4 | -9 | -14 | -7 | -5 |
| Cash Flow From Investing Activity ⓘ | -3 | -1 | -9 | -11 | -38 | -44 | -19 | -24 | -24 | 3 |
| Capex | -4 | -2 | -11 | -15 | -26 | -30 | -21 | -26 | -26 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | -16 | -16 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 1 | 3 | 4 | 4 | 2 | 1 | 2 | 2 | 3 |
| Cash Flow From Financing Activityⓘ | -3 | -4 | -4 | 8 | 2 | 6 | 10 | -7 | -10 | -7 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 12 | 7 | 12 | 16 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -3 | -3 | -3 | -4 | -5 | -6 | -6 | -7 | -9 | -7 |
| Others ⓘ | 0 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 1 | -2 | 1 | 0 | -1 | 2 | 2 | -3 | 16 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.86 | 11.51 | 16.32 | 21.89 | 13.97 | 10.62 | 17.6 | 20.39 | 9.9 | 7.63 |
| ROCE (%) | 32.99 | 19.2 | 25.35 | 33.43 | 18.98 | 13.99 | 23.27 | 27.41 | 13.41 | 9.99 |
| Asset Turnover Ratio | 2.04 | 1.81 | 1.78 | 1.74 | 1.44 | 1.3 | 1.25 | 1.62 | 1.32 | 1.31 |
| PAT to CFO Conversion(x) | 0.43 | 0.75 | 0.77 | 0.19 | 2.12 | 2.47 | 0.4 | 0.77 | 1.3 | 1.05 | Working Capital Days |
| Receivable Days | 44 | 53 | 47 | 43 | 54 | 51 | 41 | 36 | 48 | 44 |
| Inventory Days | 15 | 18 | 14 | 14 | 17 | 15 | 15 | 14 | 21 | 22 |
| Payable Days | 19 | 24 | 24 | 26 | 25 | 27 | 33 | 23 | 26 | 22 |
Rubfila International is a Public Limited Company promoted by Rubpro Sdn. Bhd., Malaysia and Kerala State Industrial Development Corporation.
Rubfila produces adhesives suitable for various industry segments like leather and footwear, tyre Re- treading ,wood, rexin and foam, automotive, to name a few.
The company which started with manufacturing extruded Round Latex Rubber Thread later ventured into the manufacture of industrial adhesives used in various applications like footwear/ leather goods, lamination/printing, carpet, construction etc. The State of the Art infrastructure facility is located at New Industrial Development Area, Kanjikode, Palakkad, and Kerala. Kerala is the heartland of natural rubber in India.
The production facility of Rubfila is designed to produce Talc Coated Rubber Thread (TCR) as well as Silicon Coated Rubber Thread (SCR) and fine grade of Eco-friendly water based adhesives. The annual production capacity of this world class facility is 6350 MT and 20000 MT of adhesives per annum. RI is the market leader in India in the business of rubber threads and is also a leading exporter of the product from India.RI produces rubber threads for various applications like apparel, food grade, furniture webbing, bungee jumping, toys , medical netting, diapers, catheter manufacturing etc.
Rubfila International are committed to enhance the quality of the Environment through the following proactive approach in the processing of Natural Latex Rubber into value added Talc and Silicon Coated Extruded Round Section and Extruded Latex Rubber Thread.
Rubfila International is actively involved in social activities for the betterment of the society at large. RI is actively involved in conducting medical camps in the nearby locality and also providing educational aids to the local institutions.
The company also provides a meaningful platform in the fields of technical / management education through interaction with the students in the institution.
Established in Kerala, India’s heart land of natural rubber, RIL monitors and selects raw materials with utmost care to ensure the quality of the final product. To further ensure the stringent requirements of its customers, the company went in for backward integration and established an in-house Centrifuging Plant to customize the raw material for quality production
RI has one of the best infrastructure to manufacture Heat Resistant Latex Rubber Threads to produce both Talc Coated Rubber Thread (TCR) as well as Silicon Coated Rubber Thread (SCR).
Product range of the company includes:
Heat Resistance Latex Products:
ADORIX industrial adhesives:
Achievements/ recognition:-
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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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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