Indag Rubber Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 25, 2025, 5:00 pm

Market Cap	331 Cr.
Current Price	126
High / Low	308/115
Stock P/E	45.9
Book Value	87.6
Dividend Yield	2.38 %
ROCE	%
ROE	%
Face Value	2.00
PEG Ratio	-5.46

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	331 Cr.	126	308/115	45.9	87.6	2.38 %	%	%	2.00
Eastern Treads Ltd	20.2 Cr.	38.7	51.4/31.0		22.8	0.00 %	0.62 %	%	10.0
Dolfin Rubbers Ltd	204 Cr.	204	290/126	40.2	31.1	0.00 %	19.1 %	17.9 %	10.0
Vikas Ecotech Ltd	437 Cr.	2.47	4.75/2.21	30.4	3.10	0.00 %	4.53 %	2.07 %	1.00
Modi Rubber Ltd	251 Cr.	100	157/79.1	11.2	279	0.00 %	3.72 %	1.97 %	10.0
Industry Average	622.25 Cr	405.79		37.53	106.50	0.49%	8.52%	7.06%	6.22

All Competitor Stocks of Indag Rubber Ltd

Quarterly Result

Metric	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

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

For Sales, as of Sep 2024, the value is ₹62.09 Cr.. The value appears strong and on an upward trend. It has increased from ₹55.57 Cr. (Jun 2024) to ₹62.09 Cr., marking an increase of ₹6.52 Cr..
For Expenses, as of Sep 2024, the value is ₹60.64 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹54.66 Cr. (Jun 2024) to ₹60.64 Cr., marking an increase of ₹5.98 Cr..
For Operating Profit, as of Sep 2024, the value is ₹1.45 Cr.. The value appears strong and on an upward trend. It has increased from ₹0.91 Cr. (Jun 2024) to ₹1.45 Cr., marking an increase of ₹0.54 Cr..
For OPM %, as of Sep 2024, the value is 2.34%. The value appears strong and on an upward trend. It has increased from 1.64% (Jun 2024) to 2.34%, marking an increase of 0.70%.
For Other Income, as of Sep 2024, the value is ₹4.16 Cr.. The value appears strong and on an upward trend. It has increased from ₹2.37 Cr. (Jun 2024) to ₹4.16 Cr., marking an increase of ₹1.79 Cr..
For Interest, as of Sep 2024, the value is ₹0.25 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2024) which recorded ₹0.25 Cr..
For Depreciation, as of Sep 2024, the value is ₹1.66 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹1.62 Cr. (Jun 2024) to ₹1.66 Cr., marking an increase of ₹0.04 Cr..
For Profit before tax, as of Sep 2024, the value is ₹3.70 Cr.. The value appears strong and on an upward trend. It has increased from ₹1.41 Cr. (Jun 2024) to ₹3.70 Cr., marking an increase of ₹2.29 Cr..
For Tax %, as of Sep 2024, the value is 16.22%. The value appears to be improving (decreasing) as expected. It has decreased from 30.50% (Jun 2024) to 16.22%, marking a decrease of 14.28%.
For Net Profit, as of Sep 2024, the value is ₹3.10 Cr.. The value appears strong and on an upward trend. It has increased from ₹0.98 Cr. (Jun 2024) to ₹3.10 Cr., marking an increase of ₹2.12 Cr..
For EPS in Rs, as of Sep 2024, the value is ₹1.34. The value appears strong and on an upward trend. It has increased from ₹0.56 (Jun 2024) to ₹1.34, marking an increase of ₹0.78.

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: February 20, 2025, 2:21 pm

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024	TTM
Sales	185	168	173	187	170	167	251	235
Expenses	155	148	158	171	154	167	234	230
Operating Profit	30	21	15	16	16	0	17	5
OPM %	16%	12%	9%	9%	9%	0%	7%	2%
Other Income	6	7	5	5	-9	7	10	12
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	10
Tax %	31%	27%	22%	20%	21%	18%	24%
Net Profit	22	16	11	14	3	2	16	7
EPS in Rs	8.33	6.01	4.10	5.12	0.97	0.79	6.15	3.30
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:	-3%
5 Years:	9%
3 Years:	21%
1 Year:	-15%

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

Below is a detailed analysis of the balance sheet data for Indag Rubber 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 ₹225.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹221.00 Cr. (Mar 2024) to ₹225.00 Cr., marking an increase of ₹4.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹10.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded ₹10.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹34.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹35.00 Cr. (Mar 2024) to ₹34.00 Cr., marking a decrease of ₹1.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹275.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹271.00 Cr. (Mar 2024) to ₹275.00 Cr., marking an increase of ₹4.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹62.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹64.00 Cr. (Mar 2024) to ₹62.00 Cr., marking a decrease of ₹2.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Investments, as of Sep 2024, the value is ₹129.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹122.00 Cr. (Mar 2024) to ₹129.00 Cr., marking an increase of ₹7.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹83.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹85.00 Cr. (Mar 2024) to ₹83.00 Cr., marking a decrease of ₹2.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹275.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹271.00 Cr. (Mar 2024) to ₹275.00 Cr., marking an increase of ₹4.00 Cr..

Notably, the Reserves (₹225.00 Cr.) exceed the Borrowings (₹10.00 Cr.), indicating a solid financial buffer.

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 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	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 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%	2.36%	2.36%	2.08%	1.21%	1.21%	1.00%	0.64%	0.00%	0.00%
DIIs	0.58%	0.58%	0.58%	0.58%	1.14%	1.14%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	23.60%	23.60%	23.59%	23.72%	23.16%	23.44%	24.31%	25.45%	25.66%	26.01%	26.65%	26.66%
No. of Shareholders	6,886	6,975	7,012	7,101	6,729	7,015	7,135	7,434	7,790	8,589	13,013	13,090

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

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

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 22) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 6.15. This value is within the healthy range. It has increased from 0.79 (Mar 22) to 6.15, marking an increase of 5.36.
For Diluted EPS (Rs.), as of Mar 24, the value is 6.15. This value is within the healthy range. It has increased from 0.79 (Mar 22) to 6.15, marking an increase of 5.36.
For Cash EPS (Rs.), as of Mar 24, the value is 7.96. This value is within the healthy range. It has increased from 2.56 (Mar 22) to 7.96, marking an increase of 5.40.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 87.46. It has increased from 78.68 (Mar 22) to 87.46, marking an increase of 8.78.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 87.46. It has increased from 78.68 (Mar 22) to 87.46, marking an increase of 8.78.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 95.69. It has increased from 63.59 (Mar 22) to 95.69, marking an increase of 32.10.
For PBDIT / Share (Rs.), as of Mar 24, the value is 10.08. This value is within the healthy range. It has increased from 2.70 (Mar 22) to 10.08, marking an increase of 7.38.
For PBIT / Share (Rs.), as of Mar 24, the value is 8.06. This value is within the healthy range. It has increased from 1.11 (Mar 22) to 8.06, marking an increase of 6.95.
For PBT / Share (Rs.), as of Mar 24, the value is 7.79. This value is within the healthy range. It has increased from 1.04 (Mar 22) to 7.79, marking an increase of 6.75.
For Net Profit / Share (Rs.), as of Mar 24, the value is 5.94. This value is within the healthy range. It has increased from 0.96 (Mar 22) to 5.94, marking an increase of 4.98.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 6.15. This value is within the healthy range. It has increased from 0.78 (Mar 22) to 6.15, marking an increase of 5.37.
For PBDIT Margin (%), as of Mar 24, the value is 10.53. This value is within the healthy range. It has increased from 4.24 (Mar 22) to 10.53, marking an increase of 6.29.
For PBIT Margin (%), as of Mar 24, the value is 8.42. This value is below the healthy minimum of 10. It has increased from 1.73 (Mar 22) to 8.42, marking an increase of 6.69.
For PBT Margin (%), as of Mar 24, the value is 8.14. This value is below the healthy minimum of 10. It has increased from 1.63 (Mar 22) to 8.14, marking an increase of 6.51.
For Net Profit Margin (%), as of Mar 24, the value is 6.20. This value is within the healthy range. It has increased from 1.51 (Mar 22) to 6.20, marking an increase of 4.69.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 6.43. This value is below the healthy minimum of 8. It has increased from 1.24 (Mar 22) to 6.43, marking an increase of 5.19.
For Return on Networth / Equity (%), as of Mar 24, the value is 7.14. This value is below the healthy minimum of 15. It has increased from 1.00 (Mar 22) to 7.14, marking an increase of 6.14.
For Return on Capital Employeed (%), as of Mar 24, the value is 8.69. This value is below the healthy minimum of 10. It has increased from 1.37 (Mar 22) to 8.69, marking an increase of 7.32.
For Return On Assets (%), as of Mar 24, the value is 5.94. This value is within the healthy range. It has increased from 0.88 (Mar 22) to 5.94, marking an increase of 5.06.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 22) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 22) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.00. It has decreased from 0.70 (Mar 22) to 0.00, marking a decrease of 0.70.
For Current Ratio (X), as of Mar 24, the value is 3.52. This value exceeds the healthy maximum of 3. It has decreased from 4.33 (Mar 22) to 3.52, marking a decrease of 0.81.
For Quick Ratio (X), as of Mar 24, the value is 2.09. This value exceeds the healthy maximum of 2. It has decreased from 2.61 (Mar 22) to 2.09, marking a decrease of 0.52.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 4. It has decreased from 3.23 (Mar 22) to 0.00, marking a decrease of 3.23.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 38.99. This value is within the healthy range. It has decreased from 304.02 (Mar 22) to 38.99, marking a decrease of 265.03.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 29.36. This value is within the healthy range. It has decreased from 100.72 (Mar 22) to 29.36, marking a decrease of 71.36.
For Earning Retention Ratio (%), as of Mar 24, the value is 61.01. This value is within the healthy range. It has increased from -204.02 (Mar 22) to 61.01, marking an increase of 265.03.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 70.64. This value exceeds the healthy maximum of 70. It has increased from -0.72 (Mar 22) to 70.64, marking an increase of 71.36.
For Interest Coverage Ratio (X), as of Mar 24, the value is 37.44. This value is within the healthy range. It has decreased from 42.10 (Mar 22) to 37.44, marking a decrease of 4.66.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 23.06. This value is within the healthy range. It has increased from 14.57 (Mar 22) to 23.06, marking an increase of 8.49.
For Enterprise Value (Cr.), as of Mar 24, the value is 352.97. It has increased from 160.58 (Mar 22) to 352.97, marking an increase of 192.39.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.41. This value is within the healthy range. It has increased from 0.96 (Mar 22) to 1.41, marking an increase of 0.45.
For EV / EBITDA (X), as of Mar 24, the value is 13.34. This value is within the healthy range. It has decreased from 22.66 (Mar 22) to 13.34, marking a decrease of 9.32.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.42. This value is within the healthy range. It has increased from 0.97 (Mar 22) to 1.42, marking an increase of 0.45.
For Retention Ratios (%), as of Mar 24, the value is 61.00. This value is within the healthy range. It has increased from -204.02 (Mar 22) to 61.00, marking an increase of 265.02.
For Price / BV (X), as of Mar 24, the value is 1.57. This value is within the healthy range. It has increased from 0.78 (Mar 22) to 1.57, marking an increase of 0.79.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.42. This value is within the healthy range. It has increased from 0.97 (Mar 22) to 1.42, marking an increase of 0.45.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 22) to 0.04, marking an increase of 0.03.

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 Indag Rubber Ltd as of February 26, 2025 is: ₹493.98

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 February 26, 2025, Indag Rubber Ltd is Undervalued by 292.05% compared to the current share price 126.00

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

Intrinsic Value of Indag Rubber Ltd as of February 26, 2025 is: 452.44

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 February 26, 2025, Indag Rubber Ltd is Undervalued by 259.08% compared to the current share price ₹126.00

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

Last 5 Year EPS CAGR: -8.41%

*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 (192.00 cr) and profit (15.25 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: 8.52%)
  - 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: 7.06%)
  - 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: 45.9 (Industry average Stock P/E: 37.53)
  - 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. 251.18 Cr. and Equity Capital is Rs. 5.25 Cr. for the Year ended 31/03/2024.

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?

Let's break down Indag Rubber Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 26 February 2025:

Calculated Fair Value: ₹493.98
Current Market Price: ₹126.00
Variance: 292.05% higher

This suggests Indag Rubber Ltd is currently undervalued by 292.05%. For context:

Market Cap: 331 Cr.
52-Week Range: 308/115
Reserves (Sep 2024): 225 Cr
Liabilities: 275 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Indag Rubber Ltd?

The Market Cap of Indag Rubber Ltd is 331 Cr..

What is the current Stock Price of Indag Rubber Ltd as on 26 February 2025?

The current stock price of Indag Rubber Ltd as on 26 February 2025 is ₹126.

What is the High / Low of Indag Rubber Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Indag Rubber Ltd stocks is 308/115.

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

The Stock P/E of Indag Rubber Ltd is 45.9.

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 2.38 %.

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.