Elgi Rubber Company Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 3, 2025, 12:35 am

Market Cap	307 Cr.
Current Price	61.3
High / Low	155/52.0
Stock P/E
Book Value	35.8
Dividend Yield	0.00 %
ROCE	0.89 %
ROE	11.2 %
Face Value	1.00
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Elgi Rubber Company Ltd

Competitors of Elgi Rubber Company Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Indag Rubber Ltd	376 Cr.	143	308/115	79.6	86.7	2.10 %	2.89 %	2.08 %	2.00
Eastern Treads Ltd	17.9 Cr.	34.2	51.4/30.0		24.4	0.00 %	6.31 %	%	10.0
Dolfin Rubbers Ltd	203 Cr.	203	290/190	39.7	33.3	0.00 %	17.2 %	16.6 %	10.0
Vikas Ecotech Ltd	426 Cr.	2.41	4.50/2.12	77.4	2.21	0.00 %	2.69 %	1.44 %	1.00
Modi Rubber Ltd	326 Cr.	130	164/85.0	16.0	275	0.00 %	3.43 %	3.04 %	10.0
Industry Average	691.38 Cr	448.10		46.56	111.86	0.46%	8.31%	8.94%	6.22

All Competitor Stocks of Elgi Rubber Company Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	116	98	97	104	96	95	101	95	95	97	99	91	97
Expenses	115	100	92	93	93	89	89	90	93	92	93	81	112
Operating Profit	1	-2	5	11	3	6	13	5	2	5	6	10	-15
OPM %	1%	-2%	5%	10%	3%	6%	12%	5%	2%	5%	6%	11%	-15%
Other Income	6	10	10	19	-6	10	9	6	8	27	-1	-2	8
Interest	5	3	4	6	11	6	6	7	6	7	3	7	8
Depreciation	5	4	4	4	4	4	5	6	4	4	7	4	3
Profit before tax	-3	1	7	20	-17	5	12	-2	-1	20	-5	-3	-18
Tax %	-35%	67%	17%	14%	-6%	0%	13%	-18%	128%	1%	-9%	25%	-4%
Net Profit	-2	0	6	17	-16	5	10	-2	-2	20	-4	-4	-17
EPS in Rs	-0.35	0.04	1.13	3.39	-3.21	1.01	2.04	-0.38	-0.34	4.05	-0.83	-0.70	-3.40

Last Updated: May 31, 2025, 9:20 am

Below is a detailed analysis of the quarterly data for Elgi Rubber Company Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 97.00 Cr.. The value appears strong and on an upward trend. It has increased from 91.00 Cr. (Dec 2024) to 97.00 Cr., marking an increase of 6.00 Cr..
For Expenses, as of Mar 2025, the value is 112.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 81.00 Cr. (Dec 2024) to 112.00 Cr., marking an increase of 31.00 Cr..
For Operating Profit, as of Mar 2025, the value is -15.00 Cr.. The value appears to be declining and may need further review. It has decreased from 10.00 Cr. (Dec 2024) to -15.00 Cr., marking a decrease of 25.00 Cr..
For OPM %, as of Mar 2025, the value is -15.00%. The value appears to be declining and may need further review. It has decreased from 11.00% (Dec 2024) to -15.00%, marking a decrease of 26.00%.
For Other Income, as of Mar 2025, the value is 8.00 Cr.. The value appears strong and on an upward trend. It has increased from -2.00 Cr. (Dec 2024) to 8.00 Cr., marking an increase of 10.00 Cr..
For Interest, as of Mar 2025, the value is 8.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7.00 Cr. (Dec 2024) to 8.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Mar 2025, the value is 3.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.00 Cr. (Dec 2024) to 3.00 Cr., marking a decrease of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is -18.00 Cr.. The value appears to be declining and may need further review. It has decreased from -3.00 Cr. (Dec 2024) to -18.00 Cr., marking a decrease of 15.00 Cr..
For Tax %, as of Mar 2025, the value is -4.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Dec 2024) to -4.00%, marking a decrease of 29.00%.
For Net Profit, as of Mar 2025, the value is -17.00 Cr.. The value appears to be declining and may need further review. It has decreased from -4.00 Cr. (Dec 2024) to -17.00 Cr., marking a decrease of 13.00 Cr..
For EPS in Rs, as of Mar 2025, the value is -3.40. The value appears to be declining and may need further review. It has decreased from -0.70 (Dec 2024) to -3.40, marking a decrease of 2.70.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 6:47 am

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	477	489	440	362	375	377	410	368	343	390	394	386	382
Expenses	440	456	440	348	354	359	398	371	323	384	378	362	359
Operating Profit	38	33	0	15	21	18	11	-2	20	5	17	25	23
OPM %	8%	7%	0%	4%	6%	5%	3%	-1%	6%	1%	4%	6%	6%
Other Income	15	15	10	10	11	12	8	24	16	13	33	33	32
Interest	8	11	12	15	15	17	18	19	16	16	23	25	24
Depreciation	11	13	18	21	18	18	18	17	17	18	16	19	19
Profit before tax	33	23	-20	-11	-2	-5	-16	-15	3	-16	10	14	12
Tax %	33%	53%	14%	6%	157%	22%	-2%	5%	66%	5%	33%	15%
Net Profit	23	11	-22	-11	-4	-6	-16	-15	1	-16	7	12	11
EPS in Rs	4.50	2.19	-4.47	-2.29	-0.81	-1.13	-3.22	-3.04	0.22	-3.27	1.35	2.33	2.18
Dividend Payout %	18%	17%	-5%	-16%	-16%	-0%	-0%	-5%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-52.17%	-300.00%	50.00%	63.64%	-50.00%	-166.67%	6.25%	106.67%	-1700.00%	143.75%	71.43%
Change in YoY Net Profit Growth (%)	0.00%	-247.83%	350.00%	13.64%	-113.64%	-116.67%	172.92%	100.42%	-1806.67%	1843.75%	-72.32%

Elgi Rubber Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-1%
5 Years:	1%
3 Years:	0%
TTM:	-1%

Compounded Profit Growth
10 Years:	1%
5 Years:	3%
3 Years:	%
TTM:	-1230%

Stock Price CAGR
10 Years:	10%
5 Years:	33%
3 Years:	24%
1 Year:	-11%

Return on Equity
10 Years:	-4%
5 Years:	-3%
3 Years:	-3%
Last Year:	-11%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:42 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5	5	5	5	5	5	5	5	5	5	5	5	5
Reserves	265	291	262	257	244	234	218	181	178	166	179	185	203
Borrowings	93	151	201	245	246	297	285	268	243	247	271	307	273
Other Liabilities	80	93	85	61	61	53	64	71	68	81	78	69	53
Total Liabilities	443	541	553	568	556	588	572	525	494	500	533	566	534
Fixed Assets	105	183	245	258	234	245	226	208	209	205	228	245	169
CWIP	2	27	22	38	30	29	31	33	21	17	22	16	12
Investments	3	2	1	1	7	9	8	4	13	19	29	40	45
Other Assets	334	329	284	271	284	306	308	281	252	260	255	264	308
Total Assets	443	541	553	568	556	588	572	525	494	500	533	566	534

Below is a detailed analysis of the balance sheet data for Elgi Rubber Company Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is 5.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 5.00 Cr..
For Reserves, as of Sep 2024, the value is 203.00 Cr.. The value appears strong and on an upward trend. It has increased from 185.00 Cr. (Mar 2024) to 203.00 Cr., marking an increase of 18.00 Cr..
For Borrowings, as of Sep 2024, the value is 273.00 Cr.. The value appears to be improving (decreasing). However, Borrowings exceed Reserves, which may signal higher financial risk. It has decreased from 307.00 Cr. (Mar 2024) to 273.00 Cr., marking a decrease of 34.00 Cr..
For Other Liabilities, as of Sep 2024, the value is 53.00 Cr.. The value appears to be improving (decreasing). It has decreased from 69.00 Cr. (Mar 2024) to 53.00 Cr., marking a decrease of 16.00 Cr..
For Total Liabilities, as of Sep 2024, the value is 534.00 Cr.. The value appears to be improving (decreasing). It has decreased from 566.00 Cr. (Mar 2024) to 534.00 Cr., marking a decrease of 32.00 Cr..
For Fixed Assets, as of Sep 2024, the value is 169.00 Cr.. The value appears to be declining and may need further review. It has decreased from 245.00 Cr. (Mar 2024) to 169.00 Cr., marking a decrease of 76.00 Cr..
For CWIP, as of Sep 2024, the value is 12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 16.00 Cr. (Mar 2024) to 12.00 Cr., marking a decrease of 4.00 Cr..
For Investments, as of Sep 2024, the value is 45.00 Cr.. The value appears strong and on an upward trend. It has increased from 40.00 Cr. (Mar 2024) to 45.00 Cr., marking an increase of 5.00 Cr..
For Other Assets, as of Sep 2024, the value is 308.00 Cr.. The value appears strong and on an upward trend. It has increased from 264.00 Cr. (Mar 2024) to 308.00 Cr., marking an increase of 44.00 Cr..
For Total Assets, as of Sep 2024, the value is 534.00 Cr.. The value appears to be declining and may need further review. It has decreased from 566.00 Cr. (Mar 2024) to 534.00 Cr., marking a decrease of 32.00 Cr..

However, the Borrowings (273.00 Cr.) are higher than the Reserves (₹203.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	152	50	82	-6	7	33	37	49	16	27	6
Cash from Investing Activity +	-111	-93	-83	-1	-21	2	16	2	-9	-29	-16
Cash from Financing Activity +	-12	21	-14	4	13	-37	-54	-47	-12	2	10
Net Cash Flow	29	-22	-15	-4	0	-1	-1	5	-6	-0	-0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-55.00	-118.00	-201.00	-230.00	-225.00	-279.00	-274.00	-270.00	-223.00	-242.00	-254.00	-282.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	56	57	54	60	59	50	55	49	57	69	62	58
Inventory Days	144	176	175	231	250	280	260	281	246	186	215	226
Days Payable	68	72	80	85	59	68	86	110	99	106	88	92
Cash Conversion Cycle	132	161	149	206	250	262	229	221	204	149	189	192
Working Capital Days	105	113	94	122	142	142	122	120	125	105	105	122
ROCE %	12%	8%	-2%	1%	2%	2%	0%	-1%	4%	2%	6%	6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%
DIIs	1.50%	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.10%	0.95%
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	31.11%	31.15%	31.15%	31.15%	31.15%	31.15%	31.15%	31.15%	31.15%	31.14%	31.50%	31.66%
No. of Shareholders	13,743	14,027	14,679	14,345	14,143	13,890	13,173	14,432	13,360	14,772	14,539	13,771

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	2.33	1.35	-3.27	0.22	-3.04
Diluted EPS (Rs.)	2.33	1.35	-3.27	0.22	-3.04
Cash EPS (Rs.)	6.15	4.60	0.34	3.53	0.32
Book Value[Excl.RevalReserv]/Share (Rs.)	37.91	36.77	34.26	36.61	37.07
Book Value[Incl.RevalReserv]/Share (Rs.)	37.91	36.77	34.26	36.61	37.07
Revenue From Operations / Share (Rs.)	77.21	78.82	77.84	68.56	73.60
PBDIT / Share (Rs.)	9.45	8.38	5.27	6.82	2.78
PBIT / Share (Rs.)	5.63	5.12	1.66	3.50	-0.58
PBT / Share (Rs.)	2.74	2.01	-3.11	0.63	-2.90
Net Profit / Share (Rs.)	2.33	1.35	-3.27	0.21	-3.04
NP After MI And SOA / Share (Rs.)	2.33	1.35	-3.27	0.21	-3.04
PBDIT Margin (%)	12.23	10.62	6.76	9.94	3.77
PBIT Margin (%)	7.29	6.49	2.12	5.11	-0.80
PBT Margin (%)	3.54	2.55	-4.00	0.92	-3.94
Net Profit Margin (%)	3.01	1.71	-4.19	0.31	-4.12
NP After MI And SOA Margin (%)	3.01	1.71	-4.19	0.31	-4.12
Return on Networth / Equity (%)	6.14	3.66	-9.53	0.58	-8.19
Return on Capital Employeed (%)	9.62	9.84	3.63	6.73	-1.03
Return On Assets (%)	2.06	1.26	-3.26	0.21	-2.89
Long Term Debt / Equity (X)	0.54	0.41	0.33	0.41	0.53
Total Debt / Equity (X)	1.61	1.47	1.44	1.14	1.34
Asset Turnover Ratio (%)	0.70	0.76	0.42	0.33	0.38
Current Ratio (X)	0.82	0.78	0.80	0.92	0.99
Quick Ratio (X)	0.42	0.38	0.43	0.45	0.42
Inventory Turnover Ratio (X)	1.52	1.70	1.38	0.87	0.91
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	0.00	-5.27
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	0.00	48.69
Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	105.27
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	51.31
Interest Coverage Ratio (X)	1.86	1.80	1.69	2.20	0.71
Interest Coverage Ratio (Post Tax) (X)	1.03	0.95	0.48	0.99	-0.18
Enterprise Value (Cr.)	523.68	395.57	419.94	310.84	278.31
EV / Net Operating Revenue (X)	1.36	1.00	1.08	0.90	0.75
EV / EBITDA (X)	11.07	9.44	15.93	9.11	20.03
MarketCap / Net Operating Revenue (X)	0.62	0.37	0.50	0.38	0.15
Retention Ratios (%)	0.00	0.00	0.00	0.00	105.27
Price / BV (X)	1.28	0.79	1.15	0.72	0.29
Price / Net Operating Revenue (X)	0.62	0.37	0.50	0.38	0.15
EarningsYield	0.04	0.04	-0.08	0.01	-0.27

After reviewing the key financial ratios for Elgi Rubber Company Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 2.33. This value is below the healthy minimum of 5. It has increased from 1.35 (Mar 23) to 2.33, marking an increase of 0.98.
For Diluted EPS (Rs.), as of Mar 24, the value is 2.33. This value is below the healthy minimum of 5. It has increased from 1.35 (Mar 23) to 2.33, marking an increase of 0.98.
For Cash EPS (Rs.), as of Mar 24, the value is 6.15. This value is within the healthy range. It has increased from 4.60 (Mar 23) to 6.15, marking an increase of 1.55.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 37.91. It has increased from 36.77 (Mar 23) to 37.91, marking an increase of 1.14.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 37.91. It has increased from 36.77 (Mar 23) to 37.91, marking an increase of 1.14.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 77.21. It has decreased from 78.82 (Mar 23) to 77.21, marking a decrease of 1.61.
For PBDIT / Share (Rs.), as of Mar 24, the value is 9.45. This value is within the healthy range. It has increased from 8.38 (Mar 23) to 9.45, marking an increase of 1.07.
For PBIT / Share (Rs.), as of Mar 24, the value is 5.63. This value is within the healthy range. It has increased from 5.12 (Mar 23) to 5.63, marking an increase of 0.51.
For PBT / Share (Rs.), as of Mar 24, the value is 2.74. This value is within the healthy range. It has increased from 2.01 (Mar 23) to 2.74, marking an increase of 0.73.
For Net Profit / Share (Rs.), as of Mar 24, the value is 2.33. This value is within the healthy range. It has increased from 1.35 (Mar 23) to 2.33, marking an increase of 0.98.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 2.33. This value is within the healthy range. It has increased from 1.35 (Mar 23) to 2.33, marking an increase of 0.98.
For PBDIT Margin (%), as of Mar 24, the value is 12.23. This value is within the healthy range. It has increased from 10.62 (Mar 23) to 12.23, marking an increase of 1.61.
For PBIT Margin (%), as of Mar 24, the value is 7.29. This value is below the healthy minimum of 10. It has increased from 6.49 (Mar 23) to 7.29, marking an increase of 0.80.
For PBT Margin (%), as of Mar 24, the value is 3.54. This value is below the healthy minimum of 10. It has increased from 2.55 (Mar 23) to 3.54, marking an increase of 0.99.
For Net Profit Margin (%), as of Mar 24, the value is 3.01. This value is below the healthy minimum of 5. It has increased from 1.71 (Mar 23) to 3.01, marking an increase of 1.30.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 3.01. This value is below the healthy minimum of 8. It has increased from 1.71 (Mar 23) to 3.01, marking an increase of 1.30.
For Return on Networth / Equity (%), as of Mar 24, the value is 6.14. This value is below the healthy minimum of 15. It has increased from 3.66 (Mar 23) to 6.14, marking an increase of 2.48.
For Return on Capital Employeed (%), as of Mar 24, the value is 9.62. This value is below the healthy minimum of 10. It has decreased from 9.84 (Mar 23) to 9.62, marking a decrease of 0.22.
For Return On Assets (%), as of Mar 24, the value is 2.06. This value is below the healthy minimum of 5. It has increased from 1.26 (Mar 23) to 2.06, marking an increase of 0.80.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.54. This value is within the healthy range. It has increased from 0.41 (Mar 23) to 0.54, marking an increase of 0.13.
For Total Debt / Equity (X), as of Mar 24, the value is 1.61. This value exceeds the healthy maximum of 1. It has increased from 1.47 (Mar 23) to 1.61, marking an increase of 0.14.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.70. It has decreased from 0.76 (Mar 23) to 0.70, marking a decrease of 0.06.
For Current Ratio (X), as of Mar 24, the value is 0.82. This value is below the healthy minimum of 1.5. It has increased from 0.78 (Mar 23) to 0.82, marking an increase of 0.04.
For Quick Ratio (X), as of Mar 24, the value is 0.42. This value is below the healthy minimum of 1. It has increased from 0.38 (Mar 23) to 0.42, marking an increase of 0.04.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.52. This value is below the healthy minimum of 4. It has decreased from 1.70 (Mar 23) to 1.52, marking a decrease of 0.18.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.86. This value is below the healthy minimum of 3. It has increased from 1.80 (Mar 23) to 1.86, marking an increase of 0.06.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.03. This value is below the healthy minimum of 3. It has increased from 0.95 (Mar 23) to 1.03, marking an increase of 0.08.
For Enterprise Value (Cr.), as of Mar 24, the value is 523.68. It has increased from 395.57 (Mar 23) to 523.68, marking an increase of 128.11.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.36. This value is within the healthy range. It has increased from 1.00 (Mar 23) to 1.36, marking an increase of 0.36.
For EV / EBITDA (X), as of Mar 24, the value is 11.07. This value is within the healthy range. It has increased from 9.44 (Mar 23) to 11.07, marking an increase of 1.63.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.62. This value is below the healthy minimum of 1. It has increased from 0.37 (Mar 23) to 0.62, marking an increase of 0.25.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Price / BV (X), as of Mar 24, the value is 1.28. This value is within the healthy range. It has increased from 0.79 (Mar 23) to 1.28, marking an increase of 0.49.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.62. This value is below the healthy minimum of 1. It has increased from 0.37 (Mar 23) to 0.62, marking an increase of 0.25.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Elgi Rubber Company Ltd as of June 2, 2025 is: 49.08

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 2, 2025, Elgi Rubber Company Ltd is Overvalued by 19.93% compared to the current share price 61.30

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Elgi Rubber Company Ltd as of June 2, 2025 is: 77.64

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 2, 2025, Elgi Rubber Company Ltd is Undervalued by 26.66% compared to the current share price 61.30

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 58.20%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (399.46 cr) and profit (0.77 cr) over the years.	The stock has a low average ROCE of 3.33%, which may not be favorable. The stock has a high average Working Capital Days of 118.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 195.33, which may not be favorable. The company has higher borrowings (240.54) compared to reserves (220.23), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Elgi Rubber Company Ltd:
1. Net Profit Margin: 3.01%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 9.62% (Industry Average ROCE: 8.31%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 6.14% (Industry Average ROE: 8.94%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.03
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.42
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 46.56)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.61
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 211.93 Cr. and Equity Capital is Rs. 5.01 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Rubber Processing/Rubber Products	Super A Unit, Coimbatore Private Industrial Estate, Coimbatore Tamil Nadu 641021	info@in.elgirubber.com http://www.elgirubber.com

Management
Name	Position Held
Mr. Sudarsan Varadaraj	Chairman & Managing Director
Mr. Harsha Varadaraj	Executive Director
Mr. Jairam Varadaraj	Non Executive Director
Mr. M D Selvaraj	Non Executive Director
Mr. P Vijay Raghunath	Non Executive Director
Mr. V Bhuvaneshwari	Non Executive Director

FAQ

What is the intrinsic value of Elgi Rubber Company Ltd?

Elgi Rubber Company Ltd's intrinsic value (as of 02 June 2025) is ₹49.08 — 19.93% lower the current market price of 61.30, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 307 Cr. market cap, FY2025-2026 high/low of ₹155/52.0, reserves of 203 Cr, and liabilities of 534 Cr.

What is the Market Cap of Elgi Rubber Company Ltd?

The Market Cap of Elgi Rubber Company Ltd is 307 Cr..

What is the current Stock Price of Elgi Rubber Company Ltd as on 02 June 2025?

The current stock price of Elgi Rubber Company Ltd as on 02 June 2025 is 61.3.

What is the High / Low of Elgi Rubber Company Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Elgi Rubber Company Ltd stocks is ₹155/52.0.

What is the Stock P/E of Elgi Rubber Company Ltd?

The Stock P/E of Elgi Rubber Company Ltd is .

What is the Book Value of Elgi Rubber Company Ltd?

The Book Value of Elgi Rubber Company Ltd is 35.8.

What is the Dividend Yield of Elgi Rubber Company Ltd?

The Dividend Yield of Elgi Rubber Company Ltd is 0.00 %.

What is the ROCE of Elgi Rubber Company Ltd?

The ROCE of Elgi Rubber Company Ltd is 0.89 %.

What is the ROE of Elgi Rubber Company Ltd?

The ROE of Elgi Rubber Company Ltd is 11.2 %.

What is the Face Value of Elgi Rubber Company Ltd?

The Face Value of Elgi Rubber Company Ltd is 1.00.