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Last Updated: April 2, 2026, 2:52 am
Author: Getaka|Social: XLinkedIn

Elgi Rubber Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹49.73Undervalued by 28.17%vs CMP ₹38.80

P/E (15.0) × ROE (12.2%) × BV (₹33.30) × DY (2.00%)

Defaults: P/E=15

₹37.15Fairly Valued by 4.25%vs CMP ₹38.80
MoS: -4.4% (Negative)Confidence: 47/100 (Moderate)Models: 1 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹32.5241%Over (-16.2%)
Net Asset ValueAssets₹33.4024%Over (-13.9%)
ROCE CapitalReturns₹52.9416%Under (+36.4%)
Revenue MultipleRevenue₹38.4018%Fair (-1%)
Consensus (4 models)₹37.15100%Fairly Valued
Key Drivers: EPS CAGR -34.6% drags value — could be higher if earnings stabilize.

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

Investment Snapshot

41
Elgi Rubber Company Ltd scores 41/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health34/100 · Weak
ROCE 0.5% WeakROE 12.2% GoodD/E 1.14 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
FII holding up 0.06% (6mo) Slight increasePromoter 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 Rank40/100 · Moderate
ROCE 0.5% vs industry 8.2% Below peersROE 12.2% vs industry 9.1% 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. Not investment advice.

Elgi Rubber Company Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 30.7 | ROCE 0.5% | ROE 12.2% | CFO/NP N/A
Balance Sheet Stress
70/100
Stressed
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.14x | IntCov 0.0x | Current 0.92x | Borrow/Reserve 1.88x
Cash Flow Reliability
71/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-4 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.06 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+10
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +10.4% | Q NP -298.0% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-4.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves1.88xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.06 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-348Latest shareholder count minus previous count
Quarterly Sales Change+10.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-298.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:52 am

Market Cap 194 Cr.
Current Price 38.8
Intrinsic Value₹37.15
High / Low 90.5/32.7
Stock P/E
Book Value 33.3
Dividend Yield0.00 %
ROCE0.47 %
ROE12.2 %
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 194 Cr. 38.8 90.5/32.7 33.30.00 %0.47 %12.2 % 1.00
Vikas Ecotech Ltd 200 Cr. 1.13 2.78/0.9562.3 2.220.00 %2.75 %1.37 % 1.00
Dolfin Rubbers Ltd 171 Cr. 170 224/16131.3 35.70.00 %17.1 %16.5 % 10.0
Indag Rubber Ltd 246 Cr. 93.6 153/84.628.6 87.82.56 %2.93 %2.86 % 2.00
Modi Rubber Ltd 287 Cr. 115 168/87.218.3 2760.00 %3.28 %2.89 % 10.0
Industry Average528.25 Cr317.7330.71111.340.58%8.24%9.09%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: December 4, 2025, 1:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555555555
Reserves 291262257244234218181178166179185174162
Borrowings 151201245246297285268243247271307270305
Other Liabilities 93856161536471688178697171
Total Liabilities 541553568556588572525494500533566520543
Fixed Assets 183245258234245226208209205228245162161
CWIP 2722383029313321172216810
Investments 2117984131929403232
Other Assets 329284271284306308281252260255264318340
Total Assets 541553568556588572525494500533566520543

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1525082-6733374916276-8
Cash from Investing Activity + -111-93-83-1-212162-9-29-1677
Cash from Financing Activity + -1221-14413-37-54-47-12210-62
Net Cash Flow 29-22-15-40-1-15-6-0-07
Free Cash Flow 36-48-5-15-173346504-5-875
CFO/OP 489%20,752%578%-19%48%296%-1,559%244%299%167%23%-134%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-118.00-201.00-230.00-225.00-279.00-274.00-270.00-223.00-242.00-254.00-282.00-264.00

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

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%0.00%0.00%0.01%0.01%0.00%0.01%0.00%0.00%0.00%0.06%
DIIs 1.46%1.46%1.46%1.46%1.46%1.10%0.95%0.95%0.95%0.95%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%31.15%31.15%31.14%31.50%31.66%31.65%31.66%31.66%31.67%31.61%
No. of Shareholders 13,89013,17314,43213,36014,77214,53913,77116,51916,79016,44916,94016,592

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

About the Company - Qualitative Analysis

Elgi 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) is L25119TZ2006PLC013144 and registration number is 013144. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes. Company's Total Operating Revenue is Rs. 227.23 Cr. and Equity Capital is Rs. 5.01 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Rubber Processing/Rubber ProductsSuper A Unit, Coimbatore Tamil Nadu 641021Contact not found
Management
NamePosition Held
Mr. Sudarsan VaradarajChairman & Managing Director
Mr. Harsha VaradarajExecutive Director
Mr. Jairam VaradarajNon Executive Director
Mr. Sarathraj SelvakumarNon Executive Director
Mrs. Parvathi SrinivasanNon Executive Director
Mr. R Vidhya ShankarNon Executive Director

FAQ

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

As of 05 April 2026, Elgi Rubber Company Ltd's intrinsic value is ₹37.15, which is 4.25% lower than the current market price of ₹38.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.2 %), book value (₹33.3), 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 ₹38.80 as of 05 April 2026, with a FY2026-2027 high of ₹90.5 and low of ₹32.7. The stock is currently near its 52-week low. Market cap stands at ₹194 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 30.71. 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 0.47 % is on the lower side compared to the industry average of 8.24%. 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 ₹38.80. The company is currently not paying meaningful dividends.

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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