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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Elgi Rubber Company Ltd

About the Company - Elgi Rubber Company Ltd

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.
INDUSTRYADDRESSCONTACT
Rubber Processing/Rubber ProductsSuper A Unit, Coimbatore Private Industrial Estate, Coimbatore Tamil Nadu 641021info@in.elgirubber.com
http://www.elgirubber.com
Management
NamePosition Held
Mr. Sudarsan VaradarajChairman & Managing Director
Mr. Harsha VaradarajExecutive Director
Mr. Jairam VaradarajNon Executive Director
Mr. M D SelvarajNon Executive Director
Mr. P Vijay RaghunathNon Executive Director
Mr. V BhuvaneshwariNon Executive Director

Basic Stock Data of Elgi Rubber Company Ltd

Last Updated: May 23, 2024, 1:29 pm

Market Cap 397 Cr.
Current Price 79.2
High / Low83.8/36.1
Stock P/E
Book Value 39.9
Dividend Yield0.00 %
ROCE5.85 %
ROE0.86 %
Face Value 1.00
PEG Ratio0.00

Elgi Rubber Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales929692789410111698971049695101
Expenses8582907893981151009293938989
Operating Profit61530221-25113613
OPM %7%15%3%0%2%2%1%-2%5%10%3%6%12%
Other Income46344-16101019-6109
Interest44244353461166
Depreciation4444545444445
Profit before tax312-1-4-3-5-31720-17512
Tax %58%1%-8%-8%-41%0%35%67%17%14%6%0%13%
Net Profit112-1-4-5-5-20617-16510
EPS in Rs0.212.32-0.17-0.87-0.96-1.09-0.350.041.133.39-3.211.012.04

Elgi Rubber Company Ltd Quarterly Chart

Elgi Rubber Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales478477489440362375377410368343390394397
Expenses452440456440348354359398371323384378364
Operating Profit263833015211811-22051733
OPM %5%8%7%0%4%6%5%3%-1%6%1%4%8%
Other Income1615151010111282416133332
Interest581112151517181916162328
Depreciation12111318211818181717181617
Profit before tax253323-20-11-2-5-16-153-161019
Tax %43%33%53%-14%-6%-157%-22%2%-5%66%-5%33%
Net Profit142311-22-11-4-6-16-151-16716
EPS in Rs2.854.502.19-4.47-2.29-0.81-1.13-3.22-3.040.22-3.271.353.23
Dividend Payout %18%18%17%-5%-16%-16%0%0%-5%0%0%0%

Elgi Rubber Company Ltd Profit & Loss Yearly Chart

Elgi Rubber Company Ltd Growth

Compounded Sales Growth
10 Years:-2%
5 Years:1%
3 Years:2%
TTM:-6%
Compounded Profit Growth
10 Years:-23%
5 Years:17%
3 Years:27%
TTM:-158%
Stock Price CAGR
10 Years:12%
5 Years:26%
3 Years:30%
1 Year:91%
Return on Equity
10 Years:-4%
5 Years:-5%
3 Years:-1%
Last Year:1%

Last Updated: May 23, 2024, 1:29 pm

Elgi Rubber Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5555555555555
Reserves244265291262257244234218181178166179195
Borrowings3593151201245246297285268243247271289
Other Liabilities65809385616153647168817873
Total Liabilities349443541553568556588572525494500533561
Fixed Assets107105183245258234245226208209205228247
CWIP42272238302931332117224
Investments33211798413192934
Other Assets235334329284271284306308281252260255277
Total Assets349443541553568556588572525494500533561

Elgi Rubber Company Ltd Reserves and Borrowings Chart

Elgi Rubber Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1141525082-673337491627
Cash from Investing Activity -171-111-93-83-1-212162-9-29
Cash from Financing Activity -5-7-1221-14413-37-54-47-122
Net Cash Flow-12-129-22-15-40-1-15-6-0

Elgi Rubber Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days555657546059505549576962
Inventory Days130144176175231250280260281246186215
Days Payable39687280855968861109910688
Cash Conversion Cycle147132161149206250262229221204149189
Working Capital Days10310511394122142142122120125105105
ROCE %9%12%8%-2%1%2%2%0%-1%4%2%6%

Elgi Rubber Company Ltd Financial Efficiency Indicators Chart

Elgi Rubber Company Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
DIIs1.92%1.46%1.50%1.46%1.46%1.46%1.46%1.46%1.46%1.46%1.46%1.46%
Government2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%2.36%
Public30.69%31.15%31.11%31.15%31.15%31.15%31.15%31.15%31.15%31.15%31.15%31.14%
No. of Shareholders13,52514,16013,74314,02714,67914,34514,14313,89013,17314,43213,36014,772

Elgi Rubber Company Ltd Shareholding Pattern Chart

No. of Elgi Rubber Company Ltd Shareholders

This stock is not held by any mutual fund

Elgi Rubber Company Ltd ROCE Trend

Elgi Rubber Company Ltd EPS Trend

Elgi Rubber Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)1.35-3.270.22-3.04-3.22
Diluted EPS (Rs.)1.35-3.270.22-3.04-3.22
Cash EPS (Rs.)4.600.343.530.320.44
Book Value[Excl.RevalReserv]/Share (Rs.)36.7734.2636.6137.0744.59
Book Value[Incl.RevalReserv]/Share (Rs.)36.7734.2636.6137.0744.59
Revenue From Operations / Share (Rs.)78.8277.8468.5673.6081.89
PBDIT / Share (Rs.)8.385.276.822.783.96
PBIT / Share (Rs.)5.121.663.50-0.580.29
PBT / Share (Rs.)2.01-3.110.63-2.90-3.27
Net Profit / Share (Rs.)1.35-3.270.21-3.04-3.22
NP After MI And SOA / Share (Rs.)1.35-3.270.21-3.04-3.22
PBDIT Margin (%)10.626.769.943.774.84
PBIT Margin (%)6.492.125.11-0.800.36
PBT Margin (%)2.55-4.000.92-3.94-3.99
Net Profit Margin (%)1.71-4.190.31-4.12-3.93
NP After MI And SOA Margin (%)1.71-4.190.31-4.12-3.93
Return on Networth / Equity (%)3.66-9.530.58-8.19-7.21
Return on Capital Employeed (%)9.843.636.73-1.030.45
Return On Assets (%)1.26-3.260.21-2.89-2.81
Long Term Debt / Equity (X)0.410.330.410.530.48
Total Debt / Equity (X)1.471.441.141.341.17
Asset Turnover Ratio (%)0.810.420.330.380.40
Current Ratio (X)0.780.800.920.991.06
Quick Ratio (X)0.380.430.450.420.46
Inventory Turnover Ratio (X)2.271.380.870.910.95
Dividend Payout Ratio (NP) (%)0.000.000.00-5.270.00
Dividend Payout Ratio (CP) (%)0.000.000.0048.690.00
Earning Retention Ratio (%)0.000.000.00105.270.00
Cash Earning Retention Ratio (%)0.000.000.0051.310.00
Interest Coverage Ratio (X)1.801.692.200.711.11
Interest Coverage Ratio (Post Tax) (X)0.950.480.99-0.180.09
Enterprise Value (Cr.)395.53419.94310.84278.31350.20
EV / Net Operating Revenue (X)1.001.080.900.750.85
EV / EBITDA (X)9.4415.939.1120.0317.65
MarketCap / Net Operating Revenue (X)0.370.500.380.150.29
Retention Ratios (%)0.000.000.00105.270.00
Price / BV (X)0.791.150.720.290.53
Price / Net Operating Revenue (X)0.370.500.380.150.29
EarningsYield0.04-0.080.01-0.27-0.13

Elgi Rubber Company Ltd Profitability Ratios (%)

Elgi Rubber Company Ltd Liquidity Ratios

Elgi Rubber Company Ltd Liquidity Ratios (%)

Elgi Rubber Company Ltd Interest Coverage Ratios (%)

Elgi Rubber Company Ltd Valuation Ratios

Fair Value

Fair Value: ₹5.25

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: 93.37% compared to the current price ₹79.2

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

Intrinsic Value: ₹7.81

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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 90.14% compared to the current price ₹79.2

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

Last 5 Year EPS CAGR: 48.70%

*Investments are subject to market risks

Strength and Weakness of Elgi Rubber Company Ltd Stock

StrengthWeakness
  1. The company has higher reserves (224.15 cr) compared to borrowings (220.85 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (407.69 cr) and profit (2.15 cr) over the years.
  1. The stock has a low average ROCE of 3.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 116.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 191.58, which may not be favorable.

FAQ

What is the latest fair value of Elgi Rubber Company Ltd?

The latest fair value of Elgi Rubber Company Ltd is ₹5.25.

What is the Market Cap of Elgi Rubber Company Ltd?

The Market Cap of Elgi Rubber Company Ltd is 397 Cr..

What is the current Stock Price of Elgi Rubber Company Ltd as on 29 May 2024?

The current stock price of Elgi Rubber Company Ltd as on 29 May 2024 is ₹79.2.

What is the High / Low of Elgi Rubber Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Elgi Rubber Company Ltd stocks is 83.8/36.1.

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 39.9.

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 5.85 %.

What is the ROE of Elgi Rubber Company Ltd?

The ROE of Elgi Rubber Company Ltd is 0.86 %.

What is the Face Value of Elgi Rubber Company Ltd?

The Face Value of Elgi Rubber Company Ltd is 1.00.

About the Author

Author Avatar
Getaka

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