Indag Rubber

Why is Indag Rubber Ltd falling/rising?

As of 07-Aug, Indag Rubber Ltd's stock price is at 97.00, reflecting a year-to-date decline of 21.30% and a significant drop of 36.87% over three years, indicating a negative performance compared to the Sensex. The stock is currently experiencing reduced investor participation and lacks upward momentum despite trading above some moving averages.

As of 07-Aug, Indag Rubber Ltd's stock price is falling, currently at 97.00, reflecting a change of -0.15 (-0.15%). The stock has shown a negative performance over various time periods, with a year-to-date decline of 21.30% compared to a 7.89% drop in the benchmark Sensex. Over the past year, the stock has decreased by 27.72%, while the Sensex has only fallen by 2.63%. Additionally, the stock's performance over three years is significantly worse, with a decline of 36.87% against a 19.02% increase in the Sensex.<BR><BR>Today's trading activity indicates a falling investor participation, as evidenced by a delivery volume of 1.67 k on 06 August, which has decreased by 55.34% compared to the five-day average. Although the stock is trading above its 20-day, 50-day, and 100-day moving averages, it is below its 5-day and 200-day moving averages, suggesting a lack of upward momentum. Overall, these factors contribute to the stock's current downward trend.

Which are the latest news on Indag Rubber?

Should I buy, sell or hold Indag Rubber Ltd?

How big is Indag Rubber?

As of 10th June, Indag Rubber Ltd has a market capitalization of 233.00 Cr, with recent net sales of 214.51 Cr and a net profit of 10.01 Cr. Shareholder's funds are 227.60 Cr and total assets are valued at 274.43 Cr as of March 2025.

As of 10th June, Indag Rubber Ltd has a market capitalization of 233.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Indag Rubber reported Net Sales of 214.51 Cr and a Net Profit of 10.01 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 227.60 Cr and Total Assets valued at 274.43 Cr.

Who are in the management team of Indag Rubber?

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, along with Sonal Garg as Company Secretary & Compliance Officer. They oversee the company's operations and strategic direction.

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

Who are the peers of the Indag Rubber?

Indag Rubber's peers include TVS Srichakra, Goodyear India, Megamont, Tolins Tyres, Modi Rubber, Dolfin Rubbers, Tirupati Innovar, Emerald Tyre, and Viaz Tyres. Key insights show Goodyear India has excellent management risk, while Indag Rubber has good capital structure and a 1-year return of -42.26%.

Peers: The peers of Indag Rubber are TVS Srichakra, Goodyear India, Megamont, Tolins Tyres, Modi Rubber, Dolfin Rubbers, Tirupati Innovar, Emerald Tyre, and Viaz Tyres.<BR><BR>Quality Snapshot: Excellent management risk is observed at Goodyear India, while Average management risk is found at TVS Srichakra, Tolins Tyres, Dolfin Rubbers, Tirupati Innovar, and Viaz Tyres. Below Average management risk is noted for Modi Rubber, while Megamont does not qualify. Growth is Excellent at Viaz Tyres, Below Average at TVS Srichakra, Goodyear India, Tolins Tyres, Modi Rubber, Indag Rubber, Dolfin Rubbers, and Emerald Tyre, while Tirupati Innovar shows Average growth. Megamont does not qualify for growth. Capital Structure is Excellent at Goodyear India and Tolins Tyres, Good at Indag Rubber, Dolfin Rubbers, and Tirupati Innovar, while Below Average is seen at TVS Srichakra, Modi Rubber, and Emerald Tyre, and Megamont does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Megamont at 481.77%, while Goodyear India has the lowest at -24.11%. Indag Rubber's 1-year return is -42.26%, which is lower than Goodyear India's. Additionally, the six-month return is negative for TVS Srichakra, Goodyear India, Tolins Tyres, and Indag Rubber.

What does Indag Rubber do?

Indag Rubber Ltd is a tyre retreading company established in 1978, with a market cap of INR 233 Cr and reported net sales of 61 Cr and net profit of 3 Cr for the quarter ending March 2026. The company is partially owned by Bandag, US, and operates within the Micro Cap market.

Overview:<BR>Indag Rubber Ltd is a tyre retreading company operating in the Tyres & Rubber Products industry within the Micro Cap market-cap bracket.<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. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 61 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 3 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 233 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 22.00<BR>- Industry P/E: 63<BR>- Dividend Yield: 2.78%<BR>- Debt-Equity: -0.17<BR>- Return on Equity: 4.33%<BR>- Price to Book: 0.98<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

Are Indag Rubber Ltd latest results good or bad?

Indag Rubber Ltd's latest results show a significant net profit increase of 150.47% year-on-year, but declining operating margins and low return on equity indicate underlying operational challenges. Investors should be cautious due to the company's heavy reliance on non-operating income.

Indag Rubber Ltd's latest results present a mixed picture. On one hand, the company reported a consolidated net profit of ₹2.68 crore for Q4 FY26, which is a significant year-on-year increase of 150.47%. Additionally, net sales reached ₹60.79 crore, reflecting a healthy growth of 10.39% year-on-year and an 8.21% increase quarter-on-quarter.<BR><BR>However, despite these positive sales figures, the operational performance raises concerns. The operating margin, excluding other income, was only 4.31%, which is a decline from 6.40% in FY24. This indicates that while the company is generating more revenue, it is struggling to maintain profitability at the operational level. Furthermore, a substantial portion of the profit is reliant on other income, which accounted for 81.12% of profit before tax, highlighting vulnerabilities in the core business operations.<BR><BR>The return on equity (ROE) is also low at 4.87%, which is below industry standards, suggesting that the company is not effectively utilizing its equity capital to generate returns. Overall, while the headline profit growth appears strong, the underlying operational challenges and declining margins suggest that the results are not entirely positive. Investors should approach with caution, considering the company's reliance on non-operating income and the overall weak operational efficiency.

When is the next results date for Indag Rubber Ltd?

The next results date for Indag Rubber Ltd is 28 May 2026.

The next results date for Indag Rubber Ltd is scheduled for 28 May 2026.

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.

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.

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.

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.