Govind Rubber Ltd - Stock Valuation and Financial Performance

BSE: 509148 | NSE: GOVINRUBER | Tyres & Allied | Small Cap

Govind Rubber Share Price

2.78 0.00 0.00%
as on 22-May'23 18:01

DeciZen - make an informed investing decision on Govind Rubber

M-Cap below 100cr DeciZen not available

Govind Rubber stock performance -

mw4me loader
P/E Ratio (SA):
0.04
Market Cap:
6.1 Cr.
52-wk low:
2.5
52-wk high:
2.8

Is Govind Rubber Ltd an attractive stock to invest in?

1. Is Govind Rubber Ltd a good quality company?

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

2. Is Govind Rubber Ltd undervalued or overvalued?

The key valuation ratios of Govind Rubber Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Govind Rubber Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Govind Rubber Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Govind 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.
Govind 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.2%14.2%13.8%2.8%-13.4%-148%450%8.9%4.4%8.2%-
Value Creation
Index
-0.10.00.0-0.8-2.0NA31.1NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4073392952051092.70.437.895.881.10
Sales YoY Gr.--16.9%-12.9%-30.4%-46.9%-97.6%-84.6%9,114.6%153.6%-15.3%-
Adj EPS -0.3-0.40.4-3-17-60.174.8-8.2-2.3-7.974.8
YoY Gr.-NANA-841.5%NANANA-111%NANA-
BVPS (₹) 14.814.614.610.610.4-52.322.556.854.246.322.5
Adj Net
Profit
-0.7-10.9-6.6-37.1-131163-4.1-1.6-5.3163
Cash Flow from Ops. 34.227.930.114.91315013.5-10.59-
Debt/CF from Ops. 3.443.4910.27.902.4-3.33.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -16.4%-5.7%482.7%-15.3%
Adj EPS NANA-147.3%NA
BVPS13.6%34.9%27.2%-14.6%
Share Price -19.4% 25% 1.6% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-2.2-32.8-24-161.8286.5-502.2-10.6-4.8-15.7217.5
Op. Profit
Mgn %
5.26.67.95.2-18.1-4041.4-6766.2-37.559.7-4041.6
Net Profit
Mgn %
-0.2-0.30.3-3.2-34-4918.839922-10.9-1.6-6.639866
Debt to
Equity
3.63.63.25.85.9-10.51.111-
Working Cap
Days
1822142273195039,1608,8792061401939,104
Cash Conv.
Cycle
8693721342175,2291,056403893-1,09,862

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 217.50%

Sales growth is growing at healthy rate in last 3 years 482.73%

Debt to equity has declined versus last 3 years average to 0.96

Sales growth is not so good in last 4 quarters at -97.83%

Latest Financials - Govind Rubber Ltd.

Standalone Consolidated
TTM EPS (₹) 74.8 -1
TTM Sales (₹ Cr.) 0.4 410
BVPS (₹.) 22.5 11
Reserves (₹ Cr.) 27 2
P/BV 0.12 0.25
PE 0.04 0.00
From the Market
52 Week Low / High (₹) 2.52 / 2.78
All Time Low / High (₹) 0.83 / 550.00
Market Cap (₹ Cr.) 6.1
Equity (₹ Cr.) 21.8
Face Value (₹) 10
Industry PE 29

Management X-Ray of Govind Rubber:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.280.280.280.280.280.280.280.280.280.28
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Govind Rubber

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales407.34338.71294.95205.36109.052.670.4137.7895.7981.13
Operating Expenses 386.02317.14272.81194.74128.75110.5928.1051.9591.0173.30
Manufacturing Costs30.1531.0425.5517.9910.632.400.985.269.278.83
Material Costs252.03187.13161.78109.4871.5733.140.4122.3063.6847.89
Employee Cost 31.7034.3735.7831.7823.915.410.067.5013.1311.26
Other Costs 72.1464.6049.7135.4922.6569.6426.6516.904.935.32
Operating Profit 21.3221.5722.1310.62-19.71-107.92-27.69-14.184.787.83
Operating Profit Margin (%) 5.2%6.4%7.5%5.2%-18.1%-4,046.1%-6,766.2%-37.5%5.0%9.7%
Other Income 1.773.400.370.761.340.06205.9022.080.230.16
Interest 19.7020.5419.0617.1815.8217.9800.011.102.80
Depreciation 3.263.613.273.422.593.042.212.162.122.57
Exceptional Items 0-0.470-3.890-8.0300.2500
Profit Before Tax 0.130.350.18-13.10-36.77-136.90175.995.981.802.61
Tax -0.160.300.05-3.990012.569.923.357.95
Profit After Tax 0.280.060.13-9.11-36.77-136.90163.44-3.95-1.56-5.33
PAT Margin (%) 0.1%0.0%0.0%-4.4%-33.7%-5,132.7%39,930.5%-10.4%-1.6%-6.6%
Adjusted EPS (₹)0.10.00.1-4.2-16.8-62.774.8-7.9-2.3-7.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 32.2131.8431.9723.2022.65-114.2549.1828.3936.5931.26
Share Capital 21.8421.8421.8421.8421.8421.8421.8456.756.75
Reserves 10.371010.131.360.81-136.0927.3423.3929.8424.51
Minority Interest0000000000
Debt108.25100.0895.93131.70130.83117.4624.1432.4934.8929.86
Long Term Debt28.5618.4619.0319.6019.608.5416.8022.8725.2929.86
Short Term Debt79.6981.6276.90112.09111.23108.927.349.639.600
Trade Payables86.7693.8775.5348.6737.4032.951.3216.7013.146.01
Others Liabilities 41.9145.0338.9429.0527.7645.5913.3023.4826.6043.56
Total Liabilities 269.13270.82242.38232.61218.6481.7587.94101.08111.22110.68

Fixed Assets

Gross Block134.01136.80143.2844.1079.2379.2379.22178.07179.24179.75
Accumulated Depreciation93.2297.29100.243.385.938.9611.18111.75113.87116.44
Net Fixed Assets40.7939.5243.0440.7173.3070.2668.0566.3265.3863.31
CWIP 1.765.630.050.570.9800000
Investments 3.243.133.133.133.133.133.133.133.133.13
Inventories44.7177.8751.4657.4040.100.440.0312.7118.4216.10
Trade Receivables150.16115.02112.4279.4049.381.824.185.4112.9415.69
Cash Equivalents 4.154.442.893.852.170.095.120.660.040.94
Others Assets24.3225.2229.4047.5649.586.017.4412.8511.3111.52
Total Assets 269.13270.82242.38232.61218.6481.7587.94101.08111.22110.68

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 34.1527.9330.0814.9213.0315.02013.46-10.549.03
PBT 0.130.350.18-13.10-36.77-136.9005.981.802.61
Adjustment 21.2722.4623.3720.5618.0329.1202.153.165.17
Changes in Working Capital 13.045.186.567.4831.79122.7605.33-15.51.24
Tax Paid -0.29-0.06-0.03-0.02-0.020.040000
Cash Flow From Investing Activity -7.73-2.98-0.56-1.290.621.030-0.42-1.18-0.50
Capex 0.742.600.050.130.880.010-0.42-1.18-0.50
Net Investments 0000000000
Others -8.47-5.58-0.61-1.42-0.271.020000
Cash Flow From Financing Activity -25.51-24.66-30.12-13.38-13.63-17.030-17.5111.10-7.63
Net Proceeds from Shares 0000000-16.859.750
Net Proceeds from Borrowing -5.14-5.69-9.57-2.90000-2.952.424.57
Interest Paid -19.86-20.15-14.70-14-13.30-2.9300-1.05-2.60
Dividend Paid 0000000000
Others -0.511.18-5.853.52-0.34-14.1002.29-0.03-9.60
Net Cash Flow 0.920.29-0.590.240.01-0.980-4.46-0.620.90
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.880.180.41-33.04-160.42N/A0-10.18-4.79-15.72
ROCE (%)13.1914.2113.822.8-13.39N/A449.988.934.378.16
Asset Turnover Ratio1.661.381.290.910.520.0200.40.90.73
PAT to CFO Conversion(x)121.96465.5231.38N/AN/AN/A0N/AN/AN/A
Working Capital Days
Receivable Days1271301261622003,1832,674463564
Inventory Days376071921522,520205625978
Payable Days11917619120721938701488673

Govind Rubber Ltd Stock News

Govind Rubber Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Govind Rubber on 22-May-2023 18:01 is ₹2.78.
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 22-May-2023 18:01 the market cap of Govind Rubber stood at ₹6.07.
The latest P/E ratio of Govind Rubber as of 22-May-2023 18:01 is 0.04.
The latest P/B ratio of Govind Rubber as of 22-May-2023 18:01 is 0.12.
The 52-week high of Govind Rubber is ₹2.78 and the 52-week low is ₹2.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Govind Rubber is ₹0.41 ( Cr.) .

About Govind Rubber Ltd

Govind Rubber Ltd. (GRL) was established in the year 1981.Over the years,GRL operations have been grown multifold. Presently,it has a work force of over 6,000 persons and an installed production capacity of over 60,000 Metric Tones per anum.

Govind Rubber is a part of a big Industrial group called Siyaram Poddar Group (SPG). The group is engagged in the business of diverse products like Tires,Textiles and Paper products.

GRL Tire range in ‘International’ brand is reckoned for high degree quality consistency.It has earned customer confidence and goodwill in international and domestic markets with prestigious OEM's and in replacement markets,worldwide.The development of new sizes,profiles and special types of Tires is an ongoing in-house activity. The research and development department has its own fully equipped laboratory for conducting checks and controls where stingent tests are conducted and findings can be traced for each batch.

Govind's mission is to achieve Industry Leader status in special niche markets by continuously improving on its tires through its fully developed Research and Development Labs, while recognising the requirements in consonance with its customers.

The Motto of Govindis to Extend Tire Life,Reduce Down Time,Improve Performance and Safety and thereby reduce the consumers operating cost i.e. 'more miles from smiles'TM

Govind was founded by late Mr.M.P.Poddar a true visionary who always thought of globalization of operations.With reliability of quality,service and on time delivery while keeping a constant eye on Research and Development,being the cornerstones of his working principles. As a result Govind Rubber Limited has made exclusive and strategic agreements/arrangements in the USA,Europe,Middle East & Far East to cater to its wide customer base.

They invite equipment manufactures/dealers to discuss with us on how we can jointly develop Tires for their special applications. Come contact us today and see how we can make a difference to your business.

Product range of the company includes

GRL manufactures Auto Tires in Nylon Cross Ply(Bias Type) for 
  • Mining
  • Skid Steer
  • Forklifts
  • Light trucks
  • Trailors
  • Pickup Vans
  • Motorcycles
  • Scooters & Moped 
  • Trailer
  • Tractor
  • Farm etc
Company also manufactures Tubes and Tube valve

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.