Elgi Rubber Co

Why is Elgi Rubber Company Ltd falling/rising?

As of 11-Jun, Elgi Rubber Company Ltd's stock price is rising to 50.27, up 2.76%. However, despite this increase and heightened investor interest, the stock has faced significant declines over the past weeks and remains below its 200-day moving average.

As of 11-Jun, Elgi Rubber Company Ltd's stock price is rising, currently at 50.27, reflecting a change of 1.35 or 2.76% increase. This rise can be attributed to a few key factors. Firstly, the stock has outperformed its sector by 0.88% today, indicating a relative strength compared to its peers. Additionally, there has been a notable increase in investor participation, with delivery volume on June 10 rising by 158.93% against the 5-day average, suggesting heightened interest from investors.<BR><BR>Despite these positive indicators, it is important to note that the stock has experienced a trend reversal, having fallen after two consecutive days of gains. Furthermore, it has faced significant challenges in the past weeks, falling every week for the last eight weeks and generating -100% returns during that period. Monthly performance has also been negative, with the stock declining every month for the last six weeks.<BR><BR>Overall, while the stock is currently rising, it is essential to consider the broader context of its recent performance, including its erratic trading patterns and the fact that it remains lower than its 200-day moving average.

Which are the latest news on Elgi Rubber Co?

How big is Elgi Rubber Co?

As of 10th June, Elgi Rubber Company Ltd has a market capitalization of 227.00 Cr and reported net sales of 366.50 Cr with a loss of 240.24 Cr over the latest four quarters. Shareholder's funds were 179.09 Cr, and total assets amounted to 492.60 Cr as of March 2025.

As of 10th June, Elgi Rubber Company Ltd has a market capitalization of 227.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Elgi Rubber Company reported net sales of 366.50 Cr. However, the company experienced a loss of 240.24 Cr during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2025. Shareholder's funds were recorded at 179.09 Cr, while total assets amounted to 492.60 Cr.

Who are in the management team of Elgi Rubber Co?

The management team of Elgi Rubber Co includes Sudarsan Varadaraj (Chairman & Managing Director), and non-executive directors Jairam Varadaraj, M D Selvaraj, P Vijay Raghunath, and R Bhuvaneshwari.

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>If you need more information about any specific member or their roles, feel free to ask!

Who are the peers of the Elgi Rubber Co?

Elgi Rubber Co's peers include Harri. Malayalam, Gayatri Rubbers, Agarwal Toughene, Century Extrus., Parmeshwar Metal, Galaxy Bearings, Cryogenic OGS, and Baroda Extrusion. Elgi Rubber Co has below-average management risk and a 1-year return of -12.06%, lower than its peers, with Gayatri Rubbers showing the highest return at 8.51%.

Peers: The peers of Elgi Rubber Co are Harri. Malayalam, Gayatri Rubbers, Agarwal Toughene, Century Extrus., Parmeshwar Metal, Galaxy Bearings, Cryogenic OGS, and Baroda Extrusion.<BR><BR>Quality Snapshot: Excellent management risk is observed at Parmeshwar Metal, while Good management risk is found at Gayatri Rubbers, Agarwal Toughene, Century Extrus., Galaxy Bearings, and Cryogenic OGS, and the rest. Below Average management risk is noted at Elgi Rubber Co and Harri. Malayalam. Growth is Excellent at Agarwal Toughene and Parmeshwar Metal, Good at Gayatri Rubbers, Century Extrus., and Galaxy Bearings, Average at Cryogenic OGS, and Below Average at Elgi Rubber Co and Harri. Malayalam. Capital Structure is Excellent at Parmeshwar Metal and Galaxy Bearings, Good at Gayatri Rubbers, Agarwal Toughene, and Century Extrus., Average at Cryogenic OGS, and Below Average at Elgi Rubber Co and Harri. Malayalam.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Gayatri Rubbers at 8.51%, while the lowest is Harri. Malayalam at -10.07%. Elgi Rubber Co's 1-year return is -12.06%, which is lower than both. Additionally, Century Extrus. and Parmeshwar Metal have a six-month return of 0.00%, indicating no growth during that period.

What does Elgi Rubber Co do?

Elgi Rubber Company Ltd, established in 2006, specializes in reclaimed rubber, retreading machinery, and retreading rubber, and is recognized for its leadership in Pre-cured Retreading technology in India. As of March 2026, it reported net sales of 86 Cr and a net loss of 204 Cr, with a market cap of INR 227 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 is categorized as a Micro Cap company.<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 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 86 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: -204 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 227 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 63 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 3.77 <BR>Return on Equity: -112.56% <BR>Price to Book: 2.98 <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

Should I buy, sell or hold Elgi Rubber Company Ltd?

Are Elgi Rubber Company Ltd latest results good or bad?

Elgi Rubber Company Ltd's latest results are poor, reporting a net loss of ₹204.05 crores in Q4 FY26, a decline of 1,098.88% year-on-year, with net sales down 11.19% and a negative profit margin of -236.33%. The stock fell 7.75% following the announcement, reflecting serious concerns about the company's operational viability.

Elgi Rubber Company Ltd's latest results can be characterized as quite poor. In the fourth quarter of FY26, the company reported a significant net loss of ₹204.05 crores, which is a staggering decline of 1,098.88% year-on-year. This loss is alarming as it exceeds the company's total revenue for the quarter, resulting in a negative profit after tax (PAT) margin of -236.33%. <BR><BR>Net sales also fell by 11.19% year-on-year to ₹86.34 crores, and sequentially, there was a decline of 13.74% from the previous quarter. The operating margin, excluding other income, plummeted to -47.98%, marking the lowest performance in the company's history. This indicates severe operational inefficiencies and raises concerns about the company's ability to sustain its business model.<BR><BR>The stock reacted negatively to these results, dropping 7.75% to ₹47.50, and has seen a year-to-date decline of 25.20%. Overall, the financial performance reflects a critical situation for Elgi Rubber, with significant questions about its operational viability and management's capacity to address these challenges.

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.

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.

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

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.