Indag Rubber
Industrial Products
509162 BSE
₹103.75
Close ·
- P/E
- 19.84
Close 4 Nov 2026 ₹103.75 −21.50 −17.2% 1Y
Start ₹125.25
Key Fundamentals
MicrocapAuto ComponentsConsumer DiscretionaryPrice-based figures at the close · EPS basis: Consolidated · TTM
- ROCE
- 5.07%
- Debt to Equity
- 0.08
- EPS (TTM)
- ₹5.23
- Book Value
- ₹87.97
- Market Cap
- —
- P/E (TTM)
- 19.84
- P/B
- 1.18
- ROE
- 4.44%
- Dividend Yield
- 2.32%
- EBITDA
- ₹19.10 Cr
- 52W High
- ₹146.75
- 52W Low
- ₹77.36
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
60 Good
Data confidence 98/100
Category scores
- Quality
- 57
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 57
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 57
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 76
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 78
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 1.14 times its book value
- Company has been maintaining a healthy dividend payout of 69.0%
Weaknesses
2- Company has a low return on equity of 4.81% over last 3 years.
- Earnings include an other income of Rs.10.6 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 7 | 7 | 5 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Neutral
Bearish
1
Neutral
7
Bullish
1
Overall
Bearish
Bearish
7
Neutral
7
Bullish
5
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 46.61
- Neutral
- MACD (12,26,9)
- −1.32
- Bullish
- SMA (50)
- 111.78
- Bearish
- SMA (200)
- 100.35
- Bullish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +4.81% |
|---|---|
| 3Y | Irregular period |
| 1Y | −5.70% |
| TTM | +9.97% |
Net profit
| 5Y | +21.67% |
|---|---|
| 3Y | Irregular period |
| 1Y | +60.00% |
| TTM | +162.96% |
Operating cash flow
| 5Y | −9.71% |
|---|---|
| 3Y | Irregular period |
| 1Y | +200.00% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | −5.69 pp |
|---|---|
| 3Y | Irregular period |
| 1Y | +2.84 pp |
| TTM | +5.39 pp |
Revenue by year
| Mar 2017 | ₹185 Cr |
|---|---|
| Mar 2018 | ₹168 Cr |
| Mar 2019 | ₹173 Cr |
| Mar 2020 | ₹187 Cr |
| Mar 2021 | ₹170 Cr |
| Mar 2022 | ₹167 Cr |
| Mar 2024 | ₹251 Cr |
| Mar 2025 | ₹228 Cr |
| Mar 2026 | ₹215 Cr |
Net profit by year
| Mar 2017 | ₹22.00 Cr |
|---|---|
| Mar 2018 | ₹16.00 Cr |
| Mar 2019 | ₹11.00 Cr |
| Mar 2020 | ₹14.00 Cr |
| Mar 2021 | ₹3.00 Cr |
| Mar 2022 | ₹2.00 Cr |
| Mar 2024 | ₹16.00 Cr |
| Mar 2025 | ₹5.00 Cr |
| Mar 2026 | ₹8.00 Cr |
Quarterly Results
₹ Cr| Particulars | Mar 2022 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 44.23 | 64.17 | 62.33 | 61.32 | 55.57 | 62.09 | 55.69 | 55.07 | 45.01 | 52.53 | 56.18 | 60.79 | 70.09 |
| Expenses | 44.07 | 59.5 | 58.39 | 58.2 | 54.66 | 60.64 | 56.02 | 55.36 | 44.75 | 49.47 | 53.43 | 58.16 | 64.43 |
| Operating Profit | 0.16 | 4.67 | 3.94 | 3.12 | 0.91 | 1.45 | −0.33 | −0.29 | 0.26 | 3.06 | 2.75 | 2.63 | 5.66 |
| OPM % | 0.36% | 7.28% | 6.32% | 5.09% | 1.64% | 2.34% | −0.59% | −0.53% | 0.58% | 5.83% | 4.89% | 4.33% | 8.08% |
| Other Income | 1.69 | 2.34 | 2.35 | 2.51 | 2.37 | 4.16 | 2.58 | 2.71 | 2.88 | 2.64 | 2.55 | 2.32 | 3.06 |
| Interest | 0.03 | 0.14 | 0.25 | 0.17 | 0.25 | 0.25 | 0.25 | 0.23 | 0.23 | 0.25 | 0.2 | 0.51 | 0.38 |
| Depreciation | 1.03 | 1.29 | 1.35 | 1.38 | 1.62 | 1.66 | 1.68 | 1.66 | 1.71 | 1.76 | 1.72 | 1.58 | 1.6 |
| PBT | 0.79 | 5.58 | 4.69 | 4.08 | 1.41 | 3.7 | 0.32 | 0.53 | 1.2 | 3.69 | 3.38 | 2.86 | 6.74 |
| Tax % | 25.32% | 22.4% | 25.37% | 26.23% | 30.5% | 16.22% | 62.5% | 1.89% | 29.17% | 22.49% | 30.77% | 35.66% | 25.22% |
| Net Profit | 0.6 | 4.34 | 3.5 | 3 | 0.98 | 3.1 | 0.13 | 0.51 | 0.85 | 2.86 | 2.34 | 1.83 | 5.04 |
| EPS (₹) | 0.23 | 1.78 | 1.36 | 1.22 | 0.56 | 1.34 | 0.18 | 0.41 | 0.51 | 1.23 | 1.05 | 1.02 | 1.93 |
Profit & Loss
₹ Cr| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 185 | 168 | 173 | 187 | 170 | 167 | 251 | 228 | 215 | 240 |
| Expenses | 155 | 148 | 158 | 171 | 154 | 167 | 234 | 227 | 206 | 225 |
| Operating Profit | 30 | 21 | 15 | 16 | 16 | 0 | 17 | 2 | 8 | 14 |
| OPM % | 16% | 12% | 9% | 9% | 9% | 0.2% | 7% | 0.8% | 3.9% | 6% |
| Other Income | 6 | 7 | 5 | 5 | −9 | 7 | 10 | 12 | 11 | 11 |
| Interest | 1 | 2 | 2 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 4 | 4 | 4 | 3 | 4 | 5 | 7 | 7 | 7 |
| PBT | 32 | 22 | 14 | 17 | 4 | 3 | 20 | 6 | 11 | 17 |
| Tax % | 31% | 27% | 22% | 20% | 21% | 18% | 24% | 21% | 28% | — |
| Net Profit | 22 | 16 | 11 | 14 | 3 | 2 | 16 | 5 | 8 | 12 |
| EPS (₹) | 8.33 | 6.01 | 4.1 | 5.12 | 0.97 | 0.79 | 6.15 | 2.49 | 3.88 | 5.23 |
| Div. Payout % | 29% | 40% | 59% | 47% | 248% | 304% | 49% | 96% | 62% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 171 | 182 | 186 | 182 | 192 | 201 | 221 | 222 | 226 |
| Borrowings | 15 | 13 | 12 | 11 | 0 | 0 | 10 | 9 | 18 |
| Other Liabilities | 35 | 29 | 27 | 28 | 39 | 27 | 35 | 37 | 55 |
| Total Liabilities | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 274 | 304 |
| Fixed Assets | 49 | 46 | 44 | 41 | 25 | 45 | 64 | 60 | 56 |
| CWIP | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 | 0 |
| Investments | 90 | 104 | 96 | 79 | 91 | 112 | 122 | 128 | 139 |
| Other Assets | 87 | 78 | 89 | 95 | 101 | 75 | 85 | 86 | 110 |
| Total Assets | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 274 | 304 |
Cash Flow
₹ Cr| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 8 | 17 | 0 | 10 | 15 | 8 | 18 | 3 | 9 |
| Investing | −15 | −8 | 10 | 3 | −9 | −3 | −11 | 1 | −10 |
| Financing | 9 | −10 | −10 | −15 | −5 | −7 | −4 | −7 | 3 |
| Net Cash Flow | 2 | −1 | −1 | −2 | 1 | −1 | 3 | −3 | 2 |
| Free Cash Flow | −11 | 15 | −2 | −3 | 3 | 4 | 6 | 0 | 6 |
| CFO/EBITDA | 57 | 112 | 30 | 94 | 113 | 3,600 | 139 | 305 | 150 |
Ratios
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 63 | 73 | 74 | 63 | 49 | 37 | 40 | 38 |
| Inventory Days | 140 | 111 | 121 | 111 | 122 | 119 | 88 | 102 | 170 |
| Days Payable | 62 | 49 | 46 | 48 | 52 | 56 | 45 | 48 | 96 |
| Cash Conversion Cycle | 136 | 125 | 147 | 137 | 134 | 113 | 80 | 94 | 112 |
| Working Capital Days | 93 | 106 | 127 | 126 | 128 | 103 | 71 | 76 | 66 |
| ROCE % | — | 12% | 8% | 9% | 9% | 1% | — | 3% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indag Rubber insights
65 extracted metrics across FY10–FY27.
Documents
- 13 Aug 2026
- 28 May 2026
- 12 Feb 2026
- 29 Sep 2026
- 25 Aug 2025
- 20 Feb 2025
- 8 May 2024
- 30 Mar 2022
- General announcements 5 Oct 2026
Frequently Asked Questions about Indag Rubber
What does Indag Rubber Ltd do?
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products
Where is Indag Rubber Ltd (INDAG) listed?
Indag Rubber Ltd trades under code 509162 on the BSE.
Which sector does Indag Rubber Ltd belong to?
Indag Rubber Ltd is classified under the Industrial Products sector, in the Rubber Products industry.
What is the PE ratio of Indag Rubber Ltd?
Indag Rubber Ltd trades at a PE ratio of 19.84 as of 4 Nov 2026, on earnings per share of ₹5.23, against a book value of ₹87.97 per share.
What is the 52-week high and low of Indag Rubber Ltd?
Over the last 52 weeks Indag Rubber Ltd has traded between ₹77.36 and ₹146.75 as of 4 Nov 2026.
Does Indag Rubber Ltd pay dividends?
Indag Rubber Ltd has a dividend yield of 2.32%.
What is the Return on Equity (ROE) of Indag Rubber Ltd?
Indag Rubber Ltd reported a return on equity of 4.44%. Its debt-to-equity ratio is 0.08.
Company Information
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products
Website indagrubber.com
Face Value ₹2
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