Indag Rubber

how big is Indag Rubber?

As of Jun 06, Indag Rubber Ltd has a market capitalization of 370.00 Cr, classifying it as a Micro Cap company, with recent net sales of 228.42 Cr and a net profit of 6.54 Cr over the last four quarters.

Market Cap: As of Jun 06, Indag Rubber Ltd has a market capitalization of 370.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, the sum of Net Sales is 228.42 Cr, and the sum of Net Profit is 6.54 Cr. This data is on a Consolidated basis.<BR><BR>Balance Sheet Snapshot: This is also on a Consolidated basis for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 226.23 Cr, and the Total Assets amount to 271.44 Cr.

Who are in the management team of Indag Rubber?

As of March 2023, the management team of Indag Rubber includes Nand Khemka (Chairman & Managing Director), Vijay Shriniwas (Whole Time Director & CEO), and several independent and non-executive directors. They oversee the company's operations and strategic direction.

As of March 2023, the management team of Indag Rubber includes the following individuals:<BR><BR>1. Nand Khemka - Chairman & Managing Director<BR>2. P R Khanna - Independent Director<BR>3. Bindu Saxena - Independent Director<BR>4. Uday Khemka - Non Executive Director<BR>5. Shiv Khemka - Non Executive Director<BR>6. Raj Kumar Agrawal - Independent Director<BR>7. Vijay Shriniwas - Whole Time Director & CEO<BR>8. Sushil Kumar Dalmia - Independent Director<BR>9. Sonal Garg - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does Indag Rubber do?

Indag Rubber Ltd is a tyre retreading company founded in 1978, with a market cap of Rs 365 Cr. As of March 2025, it reported net sales of 55 Cr and a net profit of 1 Cr.

Overview: <BR>Indag Rubber Ltd is a tyre retreading company operating in the Tyres & Rubber Products industry, classified as a micro-cap.<BR><BR>History: <BR>Indag Rubber Ltd was incorporated in 1978 by N Khemka in collaboration with Bandag, US, which holds approximately 38.34% equity in the company. The company went public in 1984, and the latest reported quarterly results show net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 55 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 1 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 365 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 56.00 <BR>Industry P/E: 34 <BR>Dividend Yield: 2.17% <BR>Debt-Equity: -0.11 <BR>Return on Equity: 2.87% <BR>Price to Book: 1.60 <BR><BR>Contact Details: <BR>Address: 11 Community Centre Saket, Saket New Delhi New Delhi : 110017 <BR>Tel: 91-011-26963172-73 <BR>Email: info@indagrubber.com <BR>Website: http://www.indagrubber.com

Has Indag Rubber declared dividend?

Indag Rubber Ltd has declared a 45% dividend, amounting to ₹0.9 per share, with an ex-date of November 28, 2024. While recent returns have been mixed, the company shows positive total returns over the longer term, particularly in the 3 to 5-year periods.

Indag Rubber Ltd has declared a 45% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 45%<BR>- Amount per share: 0.9<BR>- Ex-date: 28 Nov 24<BR><BR>Dividend Yield: 2.17%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -26.91%, the dividend return was 0%, resulting in a total return of -26.91%.<BR><BR>Over the past year, the price return was -12.68%, with a dividend return of 1.85%, leading to a total return of -10.83%.<BR><BR>In the 2-year period, the price return was 1.8%, the dividend return was 4.09%, culminating in a total return of 5.89%.<BR><BR>For the 3-year period, the price return was 99.0%, the dividend return was 11.69%, resulting in a total return of 110.69%.<BR><BR>In the last 4 years, the price return was 58.09%, the dividend return was 10.99%, leading to a total return of 69.08%.<BR><BR>Over the past 5 years, the price return was 110.3%, with a dividend return of 16.42%, resulting in a total return of 126.72%.<BR><BR>Overall, Indag Rubber has declared a significant dividend, and while recent returns have been mixed, the longer-term performance shows positive total returns, particularly over the 3 to 5-year periods.

Who are the peers of the Indag Rubber?

Indag Rubber's peers include MRF, Balkrishna Industries, Apollo Tyres, CEAT, JK Tyre & Industries, Modi Rubber, Dolfin Rubbers, Tirupati Tyres, and Emerald Tyre. Indag Rubber has average management risk and below-average growth, with a 1-year return of -10.10%, better than Tirupati Tyres but lower than most peers.

Peers: The peers of Indag Rubber are MRF, Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, Modi Rubber, Dolfin Rubbers, Tirupati Tyres, and Emerald Tyre.<BR><BR>Quality Snapshot: Excellent management risk is observed at MRF, Balkrishna Inds, Apollo Tyres, CEAT, and Dolfin Rubbers, while Average management risk is found at Indag Rubber, JK Tyre & Indust, and the rest. Good growth is seen at Apollo Tyres, CEAT, and the rest, while Indag Rubber, Modi Rubber, and Emerald Tyre exhibit below-average growth. Excellent capital structure is noted at MRF, Balkrishna Inds, and Dolfin Rubbers, while Indag Rubber and the rest have a good capital structure, and JK Tyre & Indust, Modi Rubber, and Emerald Tyre show below-average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Modi Rubber at 36.90%, while the lowest is Tirupati Tyres at -70.12%. Indag Rubber's 1-year return of -10.10% is lower than that of MRF, Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, and Modi Rubber, but higher than Tirupati Tyres, Dolfin Rubbers, and Emerald Tyre. Additionally, the six-month return is negative for Indag Rubber, Balkrishna Inds, JK Tyre & Indust, Tirupati Tyres, and Emerald Tyre.

Is Indag Rubber overvalued or undervalued?

As of February 12, 2025, Indag Rubber's valuation has shifted from very attractive to risky due to concerns over its financial health, indicated by a high PE ratio of 55.57, an EV to EBITDA ratio of 193.65, a low ROE of 2.87%, and a negative ROCE of -2.40%, despite a recent 1-month stock return of 14.00%.

As of 12 February 2025, the valuation grade for Indag Rubber has moved from very attractive to risky. This shift indicates a significant concern regarding the company's financial health and market positioning. The company appears to be overvalued, especially when considering its high PE ratio of 55.57 and an EV to EBITDA ratio of 193.65, which are substantially higher than many peers in the industry. For instance, Pix Transmission has a PE ratio of 19.3 and an EV to EBITDA of 13.43, while Apcotex Industries, considered fair, has a PE of 36.51.<BR><BR>Additionally, Indag Rubber's return on equity (ROE) stands at a mere 2.87%, and it has a negative return on capital employed (ROCE) of -2.40%. In comparison, Rubfila International, which is rated very attractive, has a significantly lower PE of 14.93 and a more favorable EV to EBITDA of 8.82. The company's recent stock performance shows a 1-month return of 14.00%, outperforming the Sensex's 3.84%, but this is overshadowed by a year-to-date decline of 18.97% compared to the Sensex's 5.59% gain. Overall, these metrics suggest that Indag Rubber is not only overvalued but also facing considerable risks moving forward.

What is the technical trend for Indag Rubber?

As of May 12, 2025, Indag Rubber's technical trend is mildly bearish, with mixed signals from weekly and monthly indicators showing a contrast between mildly bullish and bearish stances.

As of 12 May 2025, the technical trend for Indag Rubber has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish outlook. The Bollinger Bands reflect a mildly bullish trend on the weekly chart but are bearish on the monthly. Daily moving averages are mildly bearish, and the KST and Dow Theory both suggest a mildly bullish position on the weekly timeframe, contrasting with a mildly bearish stance on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the mixed signals from the moving averages and monthly indicators.

Who are the top shareholders of the Indag Rubber?

The top shareholder of Indag Rubber is Jeet Nabha Khemka, holding 33.37%, with no pledged promoter holdings. The highest public shareholder is Tejas B. Trivedi at 3.52%, and individual investors collectively own 19.24% of the shares.

The top shareholders of Indag Rubber include the promoters, with Jeet Nabha Khemka holding the largest share at 33.37%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Tejas B. Trivedi, who owns 3.52%. Additionally, individual investors collectively hold 19.24% of the company's shares.

When is the next results date for Indag Rubber?

The next results date for Indag Rubber is 13 August 2025.

The next results date for Indag Rubber is scheduled for 13 August 2025.

How has been the historical performance of Indag Rubber?

Indag Rubber's historical performance shows a decline in net sales and profits, with net sales dropping from 251.18 Cr in Mar'24 to 228.42 Cr in Mar'25, and profit after tax decreasing from 15.58 Cr to 4.72 Cr. Despite this, total assets increased slightly, and cash flow from operating activities improved to 17.00 Cr in Mar'24.

Answer:<BR>The historical performance of Indag Rubber shows fluctuations in key financial metrics over the years, with notable changes in net sales, profits, and expenses.<BR><BR>Breakdown:<BR>Indag Rubber's net sales decreased from 251.18 Cr in Mar'24 to 228.42 Cr in Mar'25, following a trend of growth from 166.93 Cr in Mar'22. Total operating income mirrored this decline, dropping to 228.42 Cr in Mar'25 from 251.18 Cr in the previous year. The company's total expenditure also decreased to 226.67 Cr in Mar'25 from 234.61 Cr in Mar'24, with raw material costs slightly declining to 159.38 Cr. Operating profit (PBDIT) fell significantly to 13.56 Cr in Mar'25 from 26.45 Cr in Mar'24, while profit before tax also decreased to 5.96 Cr from 20.45 Cr. Consequently, profit after tax dropped to 4.72 Cr in Mar'25 from 15.58 Cr in the previous year. The earnings per share (EPS) reflected this downturn, falling to 2.49 in Mar'25 from 6.15 in Mar'24. On the balance sheet, total assets increased to 274.43 Cr in Mar'25 from 271.44 Cr in Mar'24, with total liabilities also rising slightly to 274.43 Cr. The company maintained a stable book value per share at 86.7 in Mar'25, up from 86.18 in Mar'24. Cash flow from operating activities improved to 17.00 Cr in Mar'24, indicating a positive cash position despite the overall decline in profitability.

Are Indag Rubber Ltd latest results good or bad?

Indag Rubber Ltd's latest results show a significant year-on-year profit increase of 539.13% to ₹2.94 crores, but a decline of 8.98% from the previous quarter, alongside modest sales growth and declining operating margins. The heavy reliance on non-operating income raises concerns about the sustainability of earnings, suggesting a cautious outlook for investors.

Indag Rubber Ltd's latest results present a mixed picture. On one hand, the company reported a consolidated net profit of ₹2.94 crores, which is a significant year-on-year increase of 539.13%. However, this figure represents an 8.98% decline compared to the previous quarter. <BR><BR>Net sales for the quarter stood at ₹56.18 crores, reflecting a modest year-on-year growth of 0.88% and a quarter-on-quarter increase of 6.95%. While the sequential growth is positive, the overall sales growth remains tepid, indicating ongoing challenges in the market.<BR><BR>Operating margins have also come under pressure, decreasing to 4.89% from 5.83% in the previous quarter. This decline suggests that the company is facing rising input costs and competitive pressures, which it has struggled to pass on to customers.<BR><BR>A critical concern is the heavy reliance on non-operating income, which accounted for 75.44% of profit before tax in the latest quarter. This dependency raises questions about the sustainability of the company's earnings growth, as the core business performance remains weak.<BR><BR>Overall, while the headline profit numbers may seem impressive, the underlying operational challenges and reliance on non-operating income indicate that the results are not entirely positive. Investors should be cautious given these factors.

Should I buy, sell or hold Indag Rubber Ltd?

Why is Indag Rubber Ltd falling/rising?

As of 06-May, Indag Rubber Ltd's stock is experiencing a slight rise today, but it has significantly underperformed over the past year with declines of 25.36% year-to-date and 30.65% over one year, alongside reduced investor interest.

As of 06-May, Indag Rubber Ltd's stock price is currently rising, with a change of 0.44, or 0.48%, indicating a slight upward movement. However, it is important to note that the stock has been underperforming in the longer term, with a year-to-date decline of 25.36% and a one-year decline of 30.65%. <BR><BR>Despite today's positive performance, where the stock outperformed its sector by 2.09%, it is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a general trend of weakness. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 45.52% compared to the 5-day average, indicating reduced interest from investors.<BR><BR>In summary, while the stock is experiencing a minor rise today, the overall trend remains negative due to substantial declines over the past year and reduced trading activity.

Which are the latest news on Indag Rubber?