Elgi Rubber Co

Who are the top shareholders of the Elgi Rubber Co?

The top shareholder of Elgi Rubber Co is Sudarsan Varadaraj, holding 47.09%, with Tamilnadu Industrial Investment Corporation Limited as the largest public shareholder at 2.36%. Individual investors own 24.52%, while mutual funds and foreign institutional investors hold 0.0%.

The top shareholders of Elgi Rubber Co include the promoters, with Sudarsan Varadaraj holding the highest stake at 47.09%. The company does not have any pledged promoter holdings. In terms of public shareholders, Tamilnadu Industrial Investment Corporation Limited is the largest, holding 2.36%. Additionally, individual investors collectively own 24.52% of the company. There are also two mutual fund schemes and three foreign institutional investors, but they hold 0.0% of the shares.

When is the next results date for Elgi Rubber Co?

No Upcoming Board Meetings

What does Elgi Rubber Co do?

Elgi Rubber Company Ltd specializes in manufacturing reclaimed rubber, retreading machinery, and retreading rubber, and is a pioneer in Pre-cured Retreading technology in India. As of March 2025, it reported net sales of 97 Cr and a net loss of 17 Cr, with a market cap of Rs 340 Cr.

Overview: <BR>Elgi Rubber Company Ltd is a leading solutions provider in the Rubber Industry, specializing in the manufacturing of reclaimed rubber, retreading machinery, and retreading rubber, and operates within the Micro Cap market segment.<BR><BR>History: <BR>Elgi Rubber Company Ltd was incorporated on 16 October 2006 in Coimbatore. The company has established itself as a pioneer in Pre-cured Retreading technology and has the largest franchise network in India. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 97 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -17 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 340 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 24 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.15 <BR>Return on Equity: -2.37% <BR>Price to Book: 1.62 <BR><BR>Contact Details: <BR>Address: 2000 Trichy Road, Singanallur Coimbatore Tamil Nadu : 641005 <BR>Tel: 91-0422-2321000 <BR>Email: info@in.elgirubber.com <BR>Website: http://www.elgirubber.com

Who are in the management team of Elgi Rubber Co?

As of March 2023, the management team of Elgi Rubber Co includes Sudarsan Varadaraj (Chairman & Managing Director), Jairam Varadaraj, M D Selvaraj, P Vijay Raghunath, and R Bhuvaneshwari, all serving as Non Executive Directors. They collectively guide the company's governance and strategic direction.

As of March 2023, the management team of Elgi Rubber Co includes the following individuals:<BR><BR>1. Sudarsan Varadaraj - Chairman & Managing Director<BR>2. Jairam Varadaraj - Non Executive Director<BR>3. M D Selvaraj - Non Executive Director<BR>4. P Vijay Raghunath - Non Executive Director<BR>5. R Bhuvaneshwari - Non Executive Director<BR><BR>Each member plays a significant role in the governance and strategic direction of the company.

Has Elgi Rubber Co declared dividend?

Elgi Rubber Company Ltd has declared a 16% dividend, amounting to ₹0.16 per share, with an ex-date of March 18, 2020. Despite this, the dividend yield is 0%, and total returns have varied significantly, with a 297.3% return over the past 5 years but recent declines in shorter periods.

Elgi Rubber Company Ltd has declared a 16% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 16%<BR>- Amount per share: 0.16<BR>- Ex-date: 18 Mar 20<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -55.69%, with a dividend return of 0%, resulting in a total return of -55.69%.<BR><BR>Over the past year, the price return was -18.39%, with a dividend return of 0%, leading to a total return of -18.39%.<BR><BR>In the 2-year period, the price return was 54.74%, with a dividend return of 0%, culminating in a total return of 54.74%.<BR><BR>For the 3-year period, the price return was 82.61%, with a dividend return of 0%, resulting in a total return of 82.61%.<BR><BR>In the last 4 years, the price return was 57.22%, with a dividend return of 0%, leading to a total return of 57.22%.<BR><BR>Over the past 5 years, the price return was 297.3%, with a dividend return of 0%, culminating in a total return of 297.3%.<BR><BR>Overall, Elgi Rubber Company Ltd has declared a dividend, but the dividend yield remains at 0%. The total returns over various periods show significant fluctuations, particularly a strong performance over the 5-year period despite recent declines in shorter time frames.

Who are the peers of the Elgi Rubber Co?

Elgi Rubber Co's peers include Timken India, SKF India, Grindwell Norton, Carborundum Uni., and others. While Timken India and SKF India show excellent management risk and capital structure, Elgi Rubber Co has a below-average capital structure and a 1-year return of 0.00%, underperforming compared to its peers.

Peers: The peers of Elgi Rubber Co are Timken India, SKF India, Grindwell Norton, Carborundum Uni., Borosil Renew., Galaxy Bearings, Century Extrus., Shilp Gravures, Gayatri Rubbers, and Agarwal Toughene.<BR><BR>Quality Snapshot: Excellent management risk is observed at SKF India, while Good management risk is found at Timken India, Grindwell Norton, Carborundum Uni., Galaxy Bearings, and Agarwal Toughene, and the rest have Average or Below Average management risk. Below Average growth is seen in Timken India, SKF India, Grindwell Norton, Carborundum Uni., Century Extrus., and Shilp Gravures, while Good growth is noted at Gayatri Rubbers and Agarwal Toughene, with the rest showing Below Average growth. Excellent capital structure is present in Timken India, SKF India, Grindwell Norton, Carborundum Uni., Galaxy Bearings, and Shilp Gravures, while Average capital structure is found at Borosil Renew., and Below Average capital structure is observed in Century Extrus., Gayatri Rubbers, Agarwal Toughene, and Elgi Rubber Co.<BR><BR>Return Snapshot: Timken India has the highest 1-year return at -20.59%, while Carborundum Uni. has the lowest at -40.74%, with Elgi Rubber Co's 1-year return at 0.00%, indicating it does not compare favorably to its peers. Additionally, the six-month return is negative for Timken India, SKF India, Grindwell Norton, Carborundum Uni., Galaxy Bearings, Century Extrus., and Elgi Rubber Co.

Is Elgi Rubber Co overvalued or undervalued?

As of May 30, 2025, Elgi Rubber Co is considered overvalued and risky due to its negative PE ratio of -15.87, high EV to EBITDA ratio of 88.16, negative returns on capital and equity, and a year-to-date stock decline of 57.56%, significantly underperforming compared to its peers and the market.

As of 30 May 2025, Elgi Rubber Co's valuation grade has moved from attractive to risky, indicating a significant deterioration in its financial standing. The company appears to be overvalued given its negative PE ratio of -15.87 and an EV to EBITDA ratio of 88.16, which are starkly unfavorable compared to its peers. The Price to Book Value stands at 1.62, suggesting that the market is pricing the company above its book value despite its poor performance metrics.<BR><BR>In comparison to its peers, Elgi Rubber Co's ratios are concerning; for instance, Cupid has a PE of 70.91 and an EV to EBITDA of 44.50, while Pix Transmission is at 19.3 and 13.43, respectively. Notably, Elgi's ROCE and ROE are also negative at -0.79% and -2.37%, further emphasizing its struggles. The company's recent stock performance has been disappointing, with a year-to-date return of -57.56%, contrasting sharply with the Sensex's gain of 6.22% during the same period. This combination of factors leads to the conclusion that Elgi Rubber Co is overvalued in the current market environment.

What is the technical trend for Elgi Rubber Co?

As of July 28, 2020, Elgi Rubber Co's stock price of 57.74 is significantly below its 52-week high and has a negative year-to-date return of -57.56%, indicating a bearish sentiment and a neutral technical stance due to insufficient data for a clear classification.

As of 28 July 2020, the technical trend for Elgi Rubber Co does not qualify. The current price is 57.74, which is significantly below the 52-week high of 154.98 and closer to the 52-week low of 51.98. The stock has shown a negative return of -57.56% year-to-date, while the Sensex has gained 6.17% in the same period. The recent performance indicates bearish sentiment, particularly with a 1-week return of -5.75%. Overall, the lack of qualifying technical indicators suggests a neutral stance due to insufficient data for a definitive bullish or bearish classification.

How big is Elgi Rubber Co?

As of 23rd July, Elgi Rubber Company Ltd has a market capitalization of 305.00 Cr and reported net sales of 383.92 Cr, with a net loss of 4.37 Cr in the latest four quarters. The balance sheet for March 2025 shows shareholder's funds of 179.09 Cr and total assets of 492.60 Cr.

As of 23rd July, Elgi Rubber Company Ltd has a market capitalization of 305.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported net sales of 383.92 Cr. However, it experienced a loss of 4.37 Cr in net profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, showing shareholder's funds of 179.09 Cr and total assets of 492.60 Cr.

How has been the historical performance of Elgi Rubber Co?

Elgi Rubber Co has experienced fluctuating financial performance, with net sales declining from 394.50 Cr in Mar'23 to 383.92 Cr in Mar'25, and a significant drop in profitability, resulting in a profit after tax of -4.36 Cr in Mar'25 compared to 11.66 Cr in Mar'24. Total liabilities and assets also decreased during this period, indicating a downward trend in overall financial health.

Answer:<BR>The historical performance of Elgi Rubber Co shows a fluctuating trend in key financial metrics over the past several years.<BR><BR>Breakdown:<BR>Elgi Rubber Co's net sales have seen a decline from 394.50 Cr in Mar'23 to 383.92 Cr in Mar'25, with a peak of 409.85 Cr in Mar'19. The total operating income followed a similar pattern, decreasing from 394.50 Cr in Mar'23 to 383.92 Cr in Mar'25. Raw material costs have also decreased slightly from 177.44 Cr in Mar'23 to 164.94 Cr in Mar'25. Operating profit (PBDIT) has varied, peaking at 47.30 Cr in Mar'24 before dropping to 22.52 Cr in Mar'25. The profit before tax turned negative in Mar'25 at -4.51 Cr, contrasting with a profit of 13.71 Cr in Mar'24. Consequently, the profit after tax also fell to -4.36 Cr in Mar'25 from 11.66 Cr in Mar'24. Total liabilities decreased from 539.20 Cr in Mar'24 to 492.60 Cr in Mar'25, while total assets also declined from 539.20 Cr to 492.60 Cr in the same period. Cash flow from operating activities decreased to 6.00 Cr in Mar'24 from 26.00 Cr in Mar'23, indicating a downward trend in cash generation. Overall, Elgi Rubber Co has experienced significant fluctuations in its financial performance, with a notable decline in profitability and sales in the latest fiscal year.

Should I buy, sell or hold Elgi Rubber Co?

Why is Elgi Rubber Company Ltd falling/rising?

As of 18-Jan, Elgi Rubber Company Ltd's stock price is at 42.03, down 0.4%, continuing a downward trend with a total decline of 1.45% over the last two days and -63.83% over the past year. The company faces significant financial challenges, including negative operating profits and a high debt-to-EBITDA ratio, contributing to its poor stock performance.

As of 18-Jan, Elgi Rubber Company Ltd's stock price is currently at 42.03, reflecting a decrease of 0.17 or 0.4%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 1.45% during this period. Over the past eight weeks, the stock has consistently fallen, generating a total return of -100%. Additionally, it has shown a significant monthly decline, having fallen every month for the last six weeks.<BR><BR>Despite a brief gain today, where the stock opened with a 5.45% increase and reached an intraday high of Rs 44.5, it also faced a low of Rs 40.25, indicating high volatility with an intraday fluctuation of 5.5%. The stock's performance has been erratic, with trading activity disrupted as it did not trade on five out of the last twenty days. <BR><BR>The overall performance metrics indicate a weak long-term fundamental strength, with a -24.12% compound annual growth rate (CAGR) in operating profits over the last five years and a high debt-to-EBITDA ratio of 17.02 times, suggesting low ability to service debt. The company has reported negative results for the last three consecutive quarters, with operating cash flow at its lowest and a return on capital employed (ROCE) at 0.00%. <BR><BR>These factors contribute to the stock's poor performance, as it has generated a staggering -63.83% return over the past year, significantly underperforming compared to the broader market indices. The combination of declining investor participation, as evidenced by an 81.74% drop in delivery volume, and the company's financial struggles further supports the ongoing decline in the stock price.

Which are the latest news on Elgi Rubber Co?