Stock P/E, Current Price, and Intrinsic Value Over Time
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
Industry Average
0 Cr
0
0
0
0%
0%
0%
0
Quarterly Result
Month
Sep 2020
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Sales
92
96
92
78
94
101
116
98
97
104
96
95
101
Expenses
85
82
90
78
93
98
115
100
92
93
93
89
89
Operating Profit
6
15
3
0
2
2
1
-2
5
11
3
6
13
OPM %
7%
15%
3%
0%
2%
2%
1%
-2%
5%
10%
3%
6%
12%
Other Income
4
6
3
4
4
-1
6
10
10
19
-6
10
9
Interest
4
4
2
4
4
3
5
3
4
6
11
6
6
Depreciation
4
4
4
4
5
4
5
4
4
4
4
4
5
Profit before tax
3
12
-1
-4
-3
-5
-3
1
7
20
-17
5
12
Tax %
58%
1%
-8%
-8%
-41%
0%
35%
67%
17%
14%
6%
0%
13%
Net Profit
1
12
-1
-4
-5
-5
-2
0
6
17
-16
5
10
EPS in Rs
0.21
2.32
-0.17
-0.87
-0.96
-1.09
-0.35
0.04
1.13
3.39
-3.21
1.01
2.04
Last Updated: Unknown
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: Unknown
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
478
477
489
440
362
375
377
410
368
343
390
394
397
Expenses
452
440
456
440
348
354
359
398
371
323
384
378
364
Operating Profit
26
38
33
0
15
21
18
11
-2
20
5
17
33
OPM %
5%
8%
7%
0%
4%
6%
5%
3%
-1%
6%
1%
4%
8%
Other Income
16
15
15
10
10
11
12
8
24
16
13
33
32
Interest
5
8
11
12
15
15
17
18
19
16
16
23
28
Depreciation
12
11
13
18
21
18
18
18
17
17
18
16
17
Profit before tax
25
33
23
-20
-11
-2
-5
-16
-15
3
-16
10
19
Tax %
43%
33%
53%
-14%
-6%
-157%
-22%
2%
-5%
66%
-5%
33%
Net Profit
14
23
11
-22
-11
-4
-6
-16
-15
1
-16
7
16
EPS in Rs
2.85
4.50
2.19
-4.47
-2.29
-0.81
-1.13
-3.22
-3.04
0.22
-3.27
1.35
3.23
Dividend Payout %
18%
18%
17%
-5%
-16%
-16%
0%
0%
-5%
0%
0%
0%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
64.29%
-52.17%
-300.00%
50.00%
63.64%
-50.00%
-166.67%
6.25%
106.67%
-1700.00%
143.75%
Change in YoY Net Profit Growth (%)
0.00%
-116.46%
-247.83%
350.00%
13.64%
-113.64%
-116.67%
172.92%
100.42%
-1806.67%
1843.75%
Growth
Compounded Sales Growth
10 Years:
-2%
5 Years:
-1%
3 Years:
4%
TTM:
-1%
Compounded Profit Growth
10 Years:
-16%
5 Years:
16%
3 Years:
89%
TTM:
-30%
Stock Price CAGR
10 Years:
11%
5 Years:
44%
3 Years:
38%
1 Year:
123%
Return on Equity
10 Years:
-4%
5 Years:
-3%
3 Years:
-1%
Last Year:
1%
Last Updated: Unknown
Balance Sheet
Last Updated: Unknown
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
Equity Capital
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
Borrowings
93
151
201
245
246
297
285
268
243
247
271
307
Other Liabilities
80
93
85
61
61
53
64
71
68
81
78
69
Total Liabilities
443
541
553
568
556
588
572
525
494
500
533
566
Fixed Assets
105
183
245
258
234
245
226
208
209
205
228
245
CWIP
2
27
22
38
30
29
31
33
21
17
22
16
Investments
3
2
1
1
7
9
8
4
13
19
29
40
Other Assets
334
329
284
271
284
306
308
281
252
260
255
264
Total Assets
443
541
553
568
556
588
572
525
494
500
533
566
Reserves and Borrowings Chart
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
Cash from Operating Activity
4
152
50
82
-6
7
33
37
49
16
27
6
Cash from Investing Activity
1
-111
-93
-83
-1
-21
2
16
2
-9
-29
-16
Cash from Financing Activity
-7
-12
21
-14
4
13
-37
-54
-47
-12
2
10
Net Cash Flow
-1
29
-22
-15
-4
0
-1
-1
5
-6
-0
-0
Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
26.00
-55.00
-118.00
-201.00
-230.00
-225.00
-279.00
-274.00
-270.00
-223.00
-242.00
-254.00
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
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 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%
0.00%
0.01%
0.01%
DIIs
1.46%
1.50%
1.46%
1.46%
1.46%
1.46%
1.46%
1.46%
1.46%
1.46%
1.46%
1.10%
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%
31.11%
31.15%
31.15%
31.15%
31.15%
31.15%
31.15%
31.15%
31.15%
31.14%
31.50%
No. of Shareholders
14,160
13,743
14,027
14,679
14,345
14,143
13,890
13,173
14,432
13,360
14,772
14,539
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
Profitability Ratios (%)
Liquidity Ratios
Liquidity Ratios (%)
Interest Coverage Ratios (%)
Valuation Ratios
Fair Value
Fair Value: ₹51.37
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.
Overvalued: 50.61% compared to the current price ₹104.00
Intrinsic Value: 76.39
Calculation basis:
Fair 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.
Overvalued: 26.55% compared to the current price ₹104.00
Last 5 Year EPS CAGR: 48.70%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The company has shown consistent growth in sales (407.69 cr) and profit (2.15 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 (237.83) compared to reserves (221.67), 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:
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.
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.
ROE%: 6.14% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
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.
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.
Stock P/E: 137 (Industry average Stock P/E: 0)
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.
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. 198.37 Cr. and Equity Capital is Rs. 5.01 Cr. for the Year ended 31/03/2022.
INDUSTRY
ADDRESS
CONTACT
Rubber Processing/Rubber Products
Super A Unit, Coimbatore Private Industrial Estate, Coimbatore Tamil Nadu 641021
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
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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