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Elgi Rubber Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹124.76Undervalued by 110.03%vs CMP ₹59.40

P/E (15.0) × ROE (67.5%) × BV (₹15.10) × DY (2.00%)

Defaults: P/E=15

₹51.20Overvalued by 13.80%vs CMP ₹59.40
MoS: -16% (Negative)Confidence: 44/100 (Low)Models: 1 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹81.5941%Under (+37.4%)
Net Asset ValueAssets₹15.2024%Over (-74.4%)
ROCE CapitalReturns₹43.6316%Over (-26.5%)
Revenue MultipleRevenue₹38.4018%Over (-35.4%)
Consensus (4 models)₹51.20100%Overvalued
Key Drivers: EPS CAGR -34.6% drags value — could be higher if earnings stabilize. | Wide model spread (₹15–₹82) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -34.6% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Elgi Rubber Company Ltd operates in the Rubber Processing/Rubber Products segment, current market price is ₹59.40, market cap is 297 Cr.. At a glance, ROE is 67.5 %, ROCE is 12.9 %, book value is 15.1, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹51.20, around 13.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹384 Cr versus the prior period change of -0.5%, while latest net profit is about ₹-4 Cr with a prior-period change of -133.3%. The 52-week range shown on this page is 90.5/32.7, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisElgi Rubber Company Ltd. is a Public Limited Listed company incorporated on 16/10/2006 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) i…

This summary is generated from the stock page data available for Elgi Rubber Company Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

48
Elgi Rubber Company Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 12.9% GoodROE 67.5% ExcellentD/E 1.14 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 65.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 4% Steady
Quarterly Momentum30/100 · Weak
Revenue (4Q): -4% YoY FlatProfit (4Q): -324% YoY DecliningOPM: 1.8% (down 4.3% YoY) Margin pressure
Industry Rank65/100 · Strong
ROCE 12.9% vs industry 8.7% Above peersROE 67.5% vs industry 15.4% Above peers3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 6:22 am

Market Cap 297 Cr.
Current Price 59.4
Intrinsic Value₹51.20
High / Low 90.5/32.7
Stock P/E
Book Value 15.1
Dividend Yield0.00 %
ROCE12.9 %
ROE67.5 %
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Elgi Rubber Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Elgi Rubber Company Ltd 297 Cr. 59.4 90.5/32.7 15.10.00 %12.9 %67.5 % 1.00
Indag Rubber Ltd 318 Cr. 121 143/77.423.1 88.01.98 %5.07 %4.44 % 2.00
Modi Rubber Ltd 324 Cr. 129 168/98.432,394 2700.00 %0.63 %0.09 % 10.0
Harrisons Malayalam Ltd 370 Cr. 201 238/15413.7 96.60.00 %15.3 %17.5 % 10.0
Vikas Ecotech Ltd 187 Cr. 1.06 2.15/0.951,442 2.210.00 %1.30 %0.03 % 1.00
Industry Average740.88 Cr367.724,867.61109.870.38%8.65%15.36%6.22

All Competitor Stocks of Elgi Rubber Company Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 96.85103.7296.3895.33101.3294.7195.0996.5498.6891.4897.2285.5894.49
Expenses 92.2692.9593.0389.4688.8090.1993.1391.7592.6081.30111.7883.9992.75
Operating Profit 4.5910.773.355.8712.524.521.964.796.0810.18-14.561.591.74
OPM % 4.74%10.38%3.48%6.16%12.36%4.77%2.06%4.96%6.16%11.13%-14.98%1.86%1.84%
Other Income 10.0218.78-5.9510.079.356.257.7226.72-0.72-1.508.459.283.03
Interest 3.715.7610.596.415.626.926.497.133.037.428.066.706.54
Depreciation 4.104.093.884.464.536.183.943.896.874.073.484.114.17
Profit before tax 6.8019.70-17.075.0711.72-2.33-0.7520.49-4.54-2.81-17.650.06-5.94
Tax % 17.06%13.71%-5.68%0.20%12.80%-18.03%128.00%1.02%-9.03%24.56%-3.57%2,616.67%1.18%
Net Profit 5.6416.99-16.095.0710.21-1.92-1.7020.28-4.13-3.50-17.02-1.51-6.01
EPS in Rs 1.133.39-3.211.012.04-0.38-0.344.05-0.83-0.70-3.40-0.30-1.20

Last Updated: January 1, 2026, 9:04 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 489440362375377410368343390394386384377
Expenses 456440348354359398371323384378362377412
Operating Profit 33015211811-220517256-35
OPM % 7%0%4%6%5%3%-1%6%1%4%6%2%-9%
Other Income 1510101112824161333333325
Interest 11121515171819161623252633
Depreciation 13182118181817171816191816
Profit before tax 23-20-11-2-5-16-153-161014-5-58
Tax % 53%14%6%157%22%-2%5%66%5%33%15%-3%
Net Profit 11-22-11-4-6-16-151-16712-4-53
EPS in Rs 2.19-4.47-2.29-0.81-1.13-3.22-3.040.22-3.271.352.33-0.87-10.63
Dividend Payout % 17%-5%-16%-16%0%0%-5%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-300.00%50.00%63.64%-50.00%-166.67%6.25%106.67%-1700.00%143.75%71.43%-133.33%
Change in YoY Net Profit Growth (%)0.00%350.00%13.64%-113.64%-116.67%172.92%100.42%-1806.67%1843.75%-72.32%-204.76%

Elgi Rubber Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:1%
3 Years:0%
TTM:-4%
Compounded Profit Growth
10 Years:0%
5 Years:1%
3 Years:%
TTM:-840%
Stock Price CAGR
10 Years:12%
5 Years:34%
3 Years:29%
1 Year:-34%
Return on Equity
10 Years:-4%
5 Years:-3%
3 Years:-4%
Last Year:-12%

Last Updated: September 5, 2025, 3:25 am

Balance Sheet

Last Updated: June 26, 2026, 1:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 555555555555
Reserves 26225724423421818117816617918517471
Borrowings 201245246297285268243247271307270313
Other Liabilities 856161536471688178697146
Total Liabilities 553568556588572525494500533566520434
Fixed Assets 245258234245226208209205228245162123
CWIP 22383029313321172216812
Investments 117984131929403231
Other Assets 284271284306308281252260255264318267
Total Assets 553568556588572525494500533566520434

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 5082-6733374916276-8-11
Cash from Investing Activity + -93-83-1-212162-9-29-1677-6
Cash from Financing Activity + 21-14413-37-54-47-12210-6211
Net Cash Flow -22-15-40-1-15-6-0-07-6
Free Cash Flow -48-5-15-173346504-5-875-14
CFO/OP 20,752%578%-19%48%296%-1,559%244%299%167%23%-134%18%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow33.00-201.00-230.00-225.00-279.00-274.00-270.00-223.00-242.00-254.00-282.00-264.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 575460595055495769625866
Inventory Days 176175231250280260281246186215226244
Days Payable 72808559688611099106889290
Cash Conversion Cycle 161149206250262229221204149189192220
Working Capital Days 572002-28-14-26-52-67-75-71-16
ROCE %8%-2%1%2%2%0%-1%4%2%6%6%0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%
FIIs 0.00%0.00%0.01%0.01%0.00%0.01%0.00%0.00%0.00%0.06%0.00%0.00%
DIIs 1.46%1.46%1.46%1.10%0.95%0.95%0.95%0.95%0.94%0.94%0.94%0.94%
Government 2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%
Public 31.15%31.15%31.14%31.50%31.66%31.65%31.66%31.66%31.67%31.61%31.67%31.67%
No. of Shareholders 14,43213,36014,77214,53913,77116,51916,79016,44916,94016,59216,50516,391

Shareholding Pattern Chart

No. of Shareholders

Elgi Rubber Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -0.872.331.35-3.270.22
Diluted EPS (Rs.) -0.872.331.35-3.270.22
Cash EPS (Rs.) 2.796.154.600.343.53
Book Value[Excl.RevalReserv]/Share (Rs.) 35.7837.9136.7734.2636.61
Book Value[Incl.RevalReserv]/Share (Rs.) 35.7837.9136.7734.2636.61
Revenue From Operations / Share (Rs.) 76.7177.2178.8277.8468.56
PBDIT / Share (Rs.) 4.509.458.385.276.82
PBIT / Share (Rs.) 0.845.635.121.663.50
PBT / Share (Rs.) -0.902.742.01-3.110.63
Net Profit / Share (Rs.) -0.872.331.35-3.270.21
NP After MI And SOA / Share (Rs.) -0.872.331.35-3.270.21
PBDIT Margin (%) 5.8612.2310.626.769.94
PBIT Margin (%) 1.107.296.492.125.11
PBT Margin (%) -1.173.542.55-4.000.92
Net Profit Margin (%) -1.133.011.71-4.190.31
NP After MI And SOA Margin (%) -1.133.011.71-4.190.31
Return on Networth / Equity (%) -2.436.143.66-9.530.58
Return on Capital Employeed (%) 1.609.629.843.636.73
Return On Assets (%) -0.832.061.26-3.260.21
Long Term Debt / Equity (X) 0.470.540.410.330.41
Total Debt / Equity (X) 1.501.611.471.441.14
Asset Turnover Ratio (%) 0.700.700.760.420.33
Current Ratio (X) 1.100.820.780.800.92
Quick Ratio (X) 0.620.420.380.430.45
Inventory Turnover Ratio (X) 3.311.521.701.380.87
Interest Coverage Ratio (X) 0.871.861.801.692.20
Interest Coverage Ratio (Post Tax) (X) 0.171.030.950.480.99
Enterprise Value (Cr.) 561.49523.68395.57419.94310.84
EV / Net Operating Revenue (X) 1.461.361.001.080.90
EV / EBITDA (X) 24.9211.079.4415.939.11
MarketCap / Net Operating Revenue (X) 0.860.620.370.500.38
Price / BV (X) 1.851.280.791.150.72
Price / Net Operating Revenue (X) 0.860.620.370.500.38
EarningsYield -0.010.040.04-0.080.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Elgi Rubber Company Ltd and is it undervalued?

As of 02 September 2026, Elgi Rubber Company Ltd's intrinsic value is ₹51.20, which is 13.80% lower than the current market price of ₹59.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (67.5 %), book value (₹15.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Elgi Rubber Company Ltd?

Elgi Rubber Company Ltd is trading at ₹59.40 as of 02 September 2026, with a FY2026-2027 high of ₹90.5 and low of ₹32.7. The stock is currently in the middle of its 52-week range. Market cap stands at ₹297 Cr..

How does Elgi Rubber Company Ltd's P/E ratio compare to its industry?

Elgi Rubber Company Ltd has a P/E ratio of , which is below the industry average of 4.00. This is broadly in line with or below the industry average.

Is Elgi Rubber Company Ltd financially healthy?

Key indicators for Elgi Rubber Company Ltd: ROCE of 12.9 % is moderate; ROE of 67.5 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Elgi Rubber Company Ltd profitable and how is the profit trend?

Elgi Rubber Company Ltd reported a net profit of ₹-4 Cr in Mar 2025 on revenue of ₹384 Cr. Compared to ₹-16 Cr in Mar 2022, the net profit shows a mixed trend.

Does Elgi Rubber Company Ltd pay dividends?

Elgi Rubber Company Ltd has a dividend yield of 0.00 % at the current price of ₹59.40. The company is currently not paying meaningful dividends.

Last Updated: August 25, 2026, 6:22 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Elgi Rubber Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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