Share Price and Basic Stock Data

Last Updated: November 22, 2024, 8:23 pm

Market Cap	495 Cr.
Current Price	189
High / Low	308/128
Stock P/E	46.8
Book Value	87.6
Dividend Yield	1.59 %
ROCE	%
ROE	%
Face Value	2.00
PEG Ratio	-17.76

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Indag Rubber Ltd

Competitors of Indag Rubber Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Indag Rubber Ltd	495 Cr.	189	308/128	46.8	87.6	1.59 %	%	%	2.00
Eastern Treads Ltd	23.4 Cr.	44.8	51.4/31.0		22.8	0.00 %	0.62 %	%	10.0
Dolfin Rubbers Ltd	199 Cr.	198	290/116	37.6	31.1	0.00 %	19.1 %	17.9 %	10.0
Vikas Ecotech Ltd	571 Cr.	3.22	5.65/3.00	36.2	3.10	0.00 %	4.53 %	2.07 %	1.00
Modi Rubber Ltd	318 Cr.	127	157/79.1	14.6	279	0.00 %	3.72 %	1.97 %	10.0
Industry Average	826.57 Cr	553.38		40.55	114.93	0.41%	8.91%	8.07%	6.88

All Competitor Stocks of Indag Rubber Ltd

Quarterly Result

Month	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	26.70	45.89	52.58	45.74	31.30	45.47	45.93	44.23	64.17	62.33	61.32	55.57	62.09
Expenses	26.59	40.94	43.96	43.00	32.24	44.62	45.89	44.07	59.50	58.39	58.20	54.66	60.64
Operating Profit	0.11	4.95	8.62	2.74	-0.94	0.85	0.04	0.16	4.67	3.94	3.12	0.91	1.45
OPM %	0.41%	10.79%	16.39%	5.99%	-3.00%	1.87%	0.09%	0.36%	7.28%	6.32%	5.09%	1.64%	2.34%
Other Income	0.66	2.26	-12.09	0.40	0.63	0.79	3.63	1.69	2.34	2.35	2.51	2.37	4.16
Interest	0.37	0.06	0.08	0.06	0.05	0.05	0.04	0.03	0.14	0.25	0.17	0.25	0.25
Depreciation	0.93	0.85	0.88	0.82	0.78	0.81	1.57	1.03	1.29	1.35	1.38	1.62	1.66
Profit before tax	-0.53	6.30	-4.43	2.26	-1.14	0.78	2.06	0.79	5.58	4.69	4.08	1.41	3.70
Tax %	-33.96%	24.92%	-26.19%	25.66%	-30.70%	58.97%	7.77%	25.32%	22.40%	25.37%	26.23%	30.50%	16.22%
Net Profit	-0.35	4.74	-3.27	1.69	-0.78	0.34	1.90	0.60	4.34	3.50	3.00	0.98	3.10
EPS in Rs	-0.17	1.80	-1.27	0.60	-0.34	0.19	0.71	0.23	1.78	1.36	1.22	0.56	1.34

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024	TTM
Sales	185	168	173	187	170	167	251	241
Expenses	155	148	158	171	154	167	234	232
Operating Profit	30	21	15	16	16	0	17	9
OPM %	16%	12%	9%	9%	9%	0%	7%	4%
Other Income	6	7	5	5	-9	7	10	11
Interest	1	2	2	0	0	0	1	1
Depreciation	3	4	4	4	3	4	5	6
Profit before tax	32	22	14	17	4	3	20	14
Tax %	31%	27%	22%	20%	21%	18%	24%
Net Profit	22	16	11	14	3	2	16	11
EPS in Rs	8.33	6.01	4.10	5.12	0.97	0.79	6.15	4.48
Dividend Payout %	29%	40%	59%	47%	248%	304%	34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
YoY Net Profit Growth (%)	-27.27%	-31.25%	27.27%	-78.57%	-33.33%
Change in YoY Net Profit Growth (%)	0.00%	-3.98%	58.52%	-105.84%	45.24%

Indag Rubber Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2017-2018 to 2021-2022.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	8%
3 Years:	14%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	8%
3 Years:	12%
TTM:	%

Stock Price CAGR
10 Years:	2%
5 Years:	19%
3 Years:	33%
1 Year:	35%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024	Sep 2024
Equity Capital	5	5	5	5	5	5	5	5
Reserves	171	182	186	182	192	201	221	225
Borrowings	15	13	12	11	0	0	10	10
Other Liabilities	35	29	27	28	39	27	35	34
Total Liabilities	226	228	230	226	237	234	271	275
Fixed Assets	49	46	44	41	25	45	64	62
CWIP	0	0	1	10	19	1	0	0
Investments	90	104	96	79	91	112	122	129
Other Assets	87	78	89	95	101	75	85	83
Total Assets	226	228	230	226	237	234	271	275

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024
Cash from Operating Activity +	8	17	0	10	15	8	18
Cash from Investing Activity +	-15	-8	10	3	-9	-3	-11
Cash from Financing Activity +	9	-10	-10	-15	-5	-7	-4
Net Cash Flow	2	-1	-1	-2	1	-1	3

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024
Free Cash Flow	15.00	8.00	3.00	5.00	16.00	0.00	7.00

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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024
Debtor Days	58	63	73	74	63	49	37
Inventory Days	140	111	121	111	122	119	88
Days Payable	62	49	46	48	52	56	45
Cash Conversion Cycle	136	125	147	137	134	113	80
Working Capital Days	100	106	127	126	128	103	72
ROCE %		12%	8%	9%	9%	1%

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	73.34%	73.34%	73.34%	73.34%	73.34%	73.34%	73.34%	73.34%	73.34%	73.34%	73.34%	73.34%
FIIs	2.48%	2.48%	2.48%	2.48%	2.36%	2.36%	2.08%	1.21%	1.21%	1.00%	0.64%	0.00%
DIIs	0.58%	0.58%	0.58%	0.58%	0.58%	1.14%	1.14%	1.14%	0.00%	0.00%	0.00%	0.00%
Public	23.60%	23.60%	23.60%	23.59%	23.72%	23.16%	23.44%	24.31%	25.45%	25.66%	26.01%	26.65%
No. of Shareholders	6,753	6,886	6,975	7,012	7,101	6,729	7,015	7,135	7,434	7,790	8,589	13,013

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	6.15	0.79	0.97	5.13	4.09
Diluted EPS (Rs.)	6.15	0.79	0.97	5.13	4.09
Cash EPS (Rs.)	7.96	2.56	2.52	6.98	5.71
Book Value[Excl.RevalReserv]/Share (Rs.)	87.46	78.68	76.71	72.62	73.88
Book Value[Incl.RevalReserv]/Share (Rs.)	87.46	78.68	76.71	72.62	73.88
Revenue From Operations / Share (Rs.)	95.69	63.59	64.70	72.77	65.92
PBDIT / Share (Rs.)	10.08	2.70	7.73	8.91	7.54
PBIT / Share (Rs.)	8.06	1.11	6.48	7.20	6.06
PBT / Share (Rs.)	7.79	1.04	1.33	6.61	5.43
Net Profit / Share (Rs.)	5.94	0.96	1.27	5.27	4.23
NP After MI And SOA / Share (Rs.)	6.15	0.78	0.96	5.13	4.09
PBDIT Margin (%)	10.53	4.24	11.94	12.23	11.43
PBIT Margin (%)	8.42	1.73	10.01	9.88	9.19
PBT Margin (%)	8.14	1.63	2.05	9.08	8.23
Net Profit Margin (%)	6.20	1.51	1.96	7.23	6.41
NP After MI And SOA Margin (%)	6.43	1.24	1.49	7.04	6.20
Return on Networth / Equity (%)	7.14	1.00	1.28	7.18	5.63
Return on Capital Employeed (%)	8.69	1.37	8.29	9.27	7.61
Return On Assets (%)	5.94	0.88	1.07	5.95	4.67
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.05	0.05
Total Debt / Equity (X)	0.00	0.00	0.00	0.05	0.05
Asset Turnover Ratio (%)	0.00	0.70	0.75	0.84	0.76
Current Ratio (X)	3.52	4.33	3.24	4.39	4.61
Quick Ratio (X)	2.09	2.61	2.09	2.71	2.77
Inventory Turnover Ratio (X)	0.00	3.23	2.76	3.37	3.34
Dividend Payout Ratio (NP) (%)	38.99	304.02	93.49	91.70	58.62
Dividend Payout Ratio (CP) (%)	29.36	100.72	40.73	68.76	43.05
Earning Retention Ratio (%)	61.01	-204.02	6.51	8.30	41.38
Cash Earning Retention Ratio (%)	70.64	-0.72	59.27	31.24	56.95
Interest Coverage Ratio (X)	37.44	42.10	76.33	15.30	11.91
Interest Coverage Ratio (Post Tax) (X)	23.06	14.57	61.09	10.05	7.68
Enterprise Value (Cr.)	352.97	160.58	236.00	146.66	287.81
EV / Net Operating Revenue (X)	1.41	0.96	1.39	0.76	1.66
EV / EBITDA (X)	13.34	22.66	11.63	6.27	14.54
MarketCap / Net Operating Revenue (X)	1.42	0.97	1.39	0.72	1.62
Retention Ratios (%)	61.00	-204.02	6.50	8.29	41.37
Price / BV (X)	1.57	0.78	1.19	0.73	1.47
Price / Net Operating Revenue (X)	1.42	0.97	1.39	0.72	1.62
EarningsYield	0.04	0.01	0.01	0.09	0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Indag Rubber Ltd as of November 23, 2024 is: 624.73

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 November 23, 2024, Indag Rubber Ltd is Undervalued by 230.54% compared to the current share price 189.00

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of Indag Rubber Ltd as of November 23, 2024 is: 608.27

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 November 23, 2024, Indag Rubber Ltd is Undervalued by 221.84% compared to the current share price 189.00

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: -2.64%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (195.00 cr) compared to borrowings (8.88 cr), indicating strong financial stability. The company has shown consistent growth in sales (192.75 cr) and profit (15.75 cr) over the years.	The stock has a low average ROCE of 5.57%, which may not be favorable. The stock has a high average Working Capital Days of 108.86, which may not be favorable. The stock has a high average Cash Conversion Cycle of 124.57, which may not be favorable.

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 Indag Rubber Ltd:
1. Net Profit Margin: 6.2%
  - 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: 8.69% (Industry Average ROCE: 8.91%)
  - 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%: 7.14% (Industry Average ROE: 8.07%)
  - 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): 23.06
  - 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: 2.09
  - 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: 46.8 (Industry average Stock P/E: 40.55)
  - 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: 0
  - 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

Indag Rubber Ltd. is a Public Limited Listed company incorporated on 02/06/1978 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1978PLC009038 and registration number is 009038. Currently Company is involved in the business activities of Manufacture of rubber plates, sheets, strips, rods, tubes, pipes, hoses and profile -shapes etc.. Company’s Total Operating Revenue is Rs. 166.93 Cr. and Equity Capital is Rs. 5.25 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Rubber Processing/Rubber Products	11, Khemka House, Community Centre, New Delhi Delhi 110017	info@indagrubber.com http://www.indagrubber.com

Management
Name	Position Held
Mr. Nand Lal Khemka	Chairman & Managing Director
Mr. Vijay Shrinivas	WholeTime Director & CEO
Mr. Nikhil Khanna	Director
Mr. Raj Kumar Agrawal	Director
Ms. Ranjana Agarwal	Director
Mr. Shiv Vikram Khemka	Director
Mr. Sushil Kumar Dalmia	Director
Mr. Uday Harsh Khemka	Director

FAQ

What is the latest intrinsic value of Indag Rubber Ltd?

The latest intrinsic value of Indag Rubber Ltd as on 23 November 2024 is ₹624.73, which is 230.54% higher than the current market price of ₹189.00.

What is the Market Cap of Indag Rubber Ltd?

The Market Cap of Indag Rubber Ltd is 495 Cr..

What is the current Stock Price of Indag Rubber Ltd as on 23 November 2024?

The current stock price of Indag Rubber Ltd as on 23 November 2024 is 189.

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

In FY 2024, the High / Low of Indag Rubber Ltd stocks is 308/128.

What is the Stock P/E of Indag Rubber Ltd?

The Stock P/E of Indag Rubber Ltd is 46.8.

What is the Book Value of Indag Rubber Ltd?

The Book Value of Indag Rubber Ltd is 87.6.

What is the Dividend Yield of Indag Rubber Ltd?

The Dividend Yield of Indag Rubber Ltd is 1.59 %.

What is the ROCE of Indag Rubber Ltd?

The ROCE of Indag Rubber Ltd is %.

What is the ROE of Indag Rubber Ltd?

The ROE of Indag Rubber Ltd is %.

What is the Face Value of Indag Rubber Ltd?

The Face Value of Indag Rubber Ltd is 2.00.

Share Price and Basic Stock Data

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

Competitors of Indag Rubber Ltd

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Indag Rubber Ltd?

What is the Market Cap of Indag Rubber Ltd?

What is the current Stock Price of Indag Rubber Ltd as on 23 November 2024?

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

What is the Stock P/E of Indag Rubber Ltd?

What is the Book Value of Indag Rubber Ltd?

What is the Dividend Yield of Indag Rubber Ltd?

What is the ROCE of Indag Rubber Ltd?

What is the ROE of Indag Rubber Ltd?

What is the Face Value of Indag Rubber Ltd?

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