---
title: "Rubber Products Ltd (526496) — Share Price, Financials & Analysis"
symbol: "526496"
company: "Rubber Products Ltd"
canonical: "https://tapetide.com/stocks/526496"
isin: "INE430C01017"
bse_code: "526496"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:21:49.609Z"
---

# Rubber Products Ltd (526496)

Canonical page: https://tapetide.com/stocks/526496

## Company

- **BSE Code:** 526496
- **ISIN:** INE430C01017
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rubpro.com

## About

Rubber Products is principally engaged in the business of manufacturing rubber products.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.67 times its book value

### Weaknesses

- The company has delivered a poor sales growth of -43.9% over past five years.
- Company has a low return on equity of -9.11% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1.53 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 137% | 27% | 17% |
| revenue growth | — | -2% | -44% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.14 | 0.18 | 0.2 | 0.14 |
| Expenses | 3.84 | 0 | 0 | 0.25 | 0.78 | 0.17 | 0.07 | 0.03 | 0.24 | 0.13 | 0.39 | 0.09 |
| Operating Profit | -3.84 | 0 | 0 | -0.25 | -0.78 | -0.17 | -0.07 | -0.03 | -0.1 | 0.05 | -0.19 | 0.05 |
| OPM % | — | — | — | — | — | — | — | — | -71.43 | 27.78 | -95 | 35.71 |
| Other Income | 0 | 0 | 0 | 0.05 | 0.04 | 0.11 | 0.25 | 0 | 0.06 | 0.01 | 1.42 | 0.04 |
| Interest | 0 | 0 | 0 | 0.08 | 0.08 | 0.07 | 0.08 | 0.06 | 0.02 | 0.01 | 0 | 0 |
| Depreciation | 0.06 | 0 | 0 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0 |
| Profit before tax | -3.9 | 0 | 0 | -0.49 | -1.03 | -0.34 | -0.11 | -0.3 | -0.27 | -0.16 | 1.02 | 0.09 |
| Tax % | -2.31 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -3.8 | 0 | 0 | -0.49 | -1.03 | -0.34 | -0.11 | -0.31 | -0.28 | -0.16 | 1.01 | 0.09 |
| EPS in Rs | -9.29 | 0 | 0 | -1.2 | -2.52 | -0.83 | -0.27 | -0.76 | -0.68 | -0.39 | 2.47 | 0.22 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 16.18 | 17.59 | 13.11 | 9.18 | 6.06 | 0.54 | 0 | 0 | 0.51 | 0.66 |
| Expenses | 15.62 | 16.41 | 14.19 | 10.55 | 7.4 | 5.75 | 0 | 1.27 | 0.58 | 0.85 |
| Operating Profit | 0.56 | 1.18 | -1.08 | -1.37 | -1.34 | -5.21 | 0 | -1.27 | -0.07 | -0.19 |
| OPM % | 3.46 | 6.71 | -8.24 | -14.92 | -22.11 | -964.81 | — | — | -13.73 | -28.79 |
| Other Income | 0.71 | 0.18 | 0.2 | 0.1 | 0.03 | 0 | 0 | 0.33 | 1.28 | 1.53 |
| Interest | 1.05 | 1 | 1.3 | 1.22 | 1.11 | 0.73 | 0 | 0.31 | 0.09 | 0.03 |
| Depreciation | 0.49 | 0.46 | 0.24 | 0.24 | 0.24 | 0.86 | 0 | 0.86 | 0.86 | 0.63 |
| Profit before tax | -0.27 | -0.1 | -2.42 | -2.73 | -2.66 | -6.8 | 0 | -2.11 | 0.26 | 0.68 |
| Tax % | -37.04 | -110 | 0.41 | -0.37 | -2.26 | -1.32 | — | 0 | 0 | — |
| Net Profit | -0.18 | 0 | -2.43 | -2.71 | -2.61 | -6.7 | 0 | -2.11 | 0.26 | 0.66 |
| EPS in Rs | -0.44 | 0 | -5.94 | -6.63 | -6.38 | -16.39 | 0 | -5.16 | 0.64 | 1.62 |
| Dividend Payout % | 0 | — | 0 | 0 | 0 | 0 | — | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.09 | 4.09 | 4.09 | 4.09 |
| Reserves | 1.38 | 1.17 | 1.14 | -1.3 | -4.01 | -6.63 | 9.17 | 1.61 | -0.4 | -0.13 |
| Borrowings | 6.03 | 5.86 | 5.8 | 7.08 | 8.62 | 8.78 | 8.7 | 16.56 | 19.21 | 17.66 |
| Other Liabilities | 6.11 | 6.3 | 6.75 | 7.44 | 7.05 | 8.24 | 9.02 | 2.74 | 1.4 | 1.31 |
| Total Liabilities | 17.62 | 17.43 | 17.79 | 17.32 | 15.76 | 14.49 | 30.98 | 25 | 24.3 | 22.93 |
| Fixed Assets | 4.06 | 3.62 | 3.21 | 3.01 | 2.91 | 2.67 | 24.3 | 24.29 | 23.44 | 22.58 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.04 | 0.01 | 0.01 |
| Other Assets | 13.31 | 13.56 | 14.33 | 14.06 | 12.6 | 11.57 | 6.43 | 0.67 | 0.85 | 0.34 |
| Total Assets | 17.62 | 17.43 | 17.79 | 17.32 | 15.76 | 14.49 | 30.98 | 25 | 24.3 | 22.93 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.56 | 1.15 | 1.1 | 0.17 | -0.42 | 0.79 | 0.83 | -7.89 | -2.35 | 0.29 |
| Cash from Investing Activity | -0.04 | -0.09 | -0.08 | -0.05 | -0.14 | 0 | 0 | 0 | 0.02 | 1.33 |
| Cash from Financing Activity | -0.7 | -1.1 | -0.94 | 0.12 | 0.41 | -0.87 | -0.79 | 7.86 | 2.34 | -1.63 |
| Net Cash Flow | -0.18 | -0.04 | 0.08 | 0.24 | -0.15 | -0.08 | 0.04 | -0.03 | 0.01 | -0.02 |
| Free Cash Flow | 0.5 | 1.06 | 1.02 | 0.12 | -0.56 | 0.79 | 0.83 | -7.89 | -2.35 | 0.29 |
| CFO/OP | 328 | 205 | 93 | -16 | 31 | -59 | -16 | — | 195 | -414 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 182.37 | 163.78 | 164.34 | 186.26 | 243.33 | 317.42 | 2845.65 | — | — | 93.04 |
| Inventory Days | 220.07 | 186.31 | 179.83 | 271.82 | 387.01 | 647.33 | 86.62 | — | — | 0 |
| Days Payable | 88.47 | 86.87 | 85.46 | 119.25 | 91.82 | 103.01 | 47.1 | — | — | — |
| Cash Conversion Cycle | 313.97 | 263.22 | 258.71 | 338.82 | 538.52 | 861.74 | 2885.18 | — | — | 93.04 |
| Working Capital Days | 216.24 | 192.2 | 190.49 | 229.97 | 324.44 | 390.3 | 811.11 | — | — | -823.04 |
| ROCE % | -0.92 | 6.8 | 8.12 | -10.71 | -16.25 | -20.72 | -43.03 | 0 | -7.97 | 2.52 |

## Shareholding Pattern

### annual

| Category | Sep 2016 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- |
| Promoters | 51.16% | 100% | 100% | 100% |
| DIIs | 0.17% | 0% | 0% | 0% |
| Public | 48.67% | 0% | 0% | 0% |
| No. of Shareholders | 3085 | 7 | 7 | 7 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 51.16% | 51.16% | 50.98% | 50.98% | 50.98% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| DIIs | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 48.67% | 48.67% | 48.85% | 48.85% | 48.85% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 3096 | 3085 | 3043 | 3049 | 3046 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 37.88 | Sell |
| EMA (10) | 38.49 | Sell |
| SMA (20) | 43.57 | Sell |
| EMA (20) | 42.17 | Sell |
| SMA (50) | 51.28 | Sell |
| EMA (50) | 50.84 | Sell |
| SMA (100) | 64.99 | Sell |
| EMA (100) | 61.73 | Sell |
| SMA (200) | 80.05 | Sell |
| EMA (200) | 76.76 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 26.37 | Buy |
| MACD (12,26,9) | -4.77 | Sell |
| Stochastic (14,3,3) | 5.91 | Buy |
| ADX (14) | 37.41 | Buy |
| Williams %R (14) | -92.36 | Buy |
| ATR (14) | 3.93 | High Volatility |
| ROC (12) | -27.21 | Sell |
| Stoch RSI (14) | 0.6 | Buy |
| UO (7,14,28) | 32.38 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 19 Feb - 19 Feb 2026: BCCL and THPL update on proposed reorganisation via scheme of arrangement. | [Disclosure under Regulation 30A of LODR 19 Feb - 19 Feb 2026: BCCL and THPL update on proposed reorganisation via scheme of arrangement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/064f33c0-4a49-4d6e-a82c-f9cc9599a087.pdf) |
| 14 Oct 2021 - In Compliance with Regulation 74(5) of SEBI (Depositories and participants) Regulations, 2018, we are forwarding herewith a copy of the Certificate received from M/s. Adroit … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Oct 2021 - In Compliance with Regulation 74(5) of SEBI (Depositories and participants) Regulations, 2018, we are forwarding herewith a copy of the Certificate received from M/s. Adroit …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2dabd459-25ed-4363-850a-e34a37283c2d.pdf) |
| 14 Oct 2021 - In Compliance with Regulation 74(5) of SEBI (Depositories and participants) Regulations, 2018, we are forwarding herewith a copy of the Certificate received from M/s. Adroit … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Oct 2021 - In Compliance with Regulation 74(5) of SEBI (Depositories and participants) Regulations, 2018, we are forwarding herewith a copy of the Certificate received from M/s. Adroit …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2dabd459-25ed-4363-850a-e34a37283c2d.pdf) |
| 11 Feb - Audio recording of Q3FY26 investors' earnings call (conducted 11 Feb 2026) posted online. | [Audio Recording Of Investors'' Call Q3FY26 11 Feb - Audio recording of Q3FY26 investors' earnings call (conducted 11 Feb 2026) posted online.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16872cf0-4a8e-4983-a5e1-8b7a92c5951c.pdf) |
| 10 Feb - Q3FY26 consolidated revenue ₹165 crore; digital ₹30.8 crore (100% YoY); cash ₹372.5 crore. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Feb - Q3FY26 consolidated revenue ₹165 crore; digital ₹30.8 crore (100% YoY); cash ₹372.5 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ef1280f-57f7-4398-89a9-03853f31d5ba.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ccd54fbe-6f7d-4bc2-a1f0-3c8320290af2.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/553ed405-8119-4634-955c-2b6f4aa13866.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Investor Presentation 11 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39123a58-06b7-4c9f-8ec1-033ddb551622.pdf) |
| — | [Closure of Trading Window 30 Sep 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a57db035-b060-4369-96a3-b316f8776022.pdf) |
| — | [Closure of Trading Window 30 Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a57db035-b060-4369-96a3-b316f8776022.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44f11a18-fad3-43b5-8777-0de2d4015514.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ef84a55-428a-4c90-a9d0-a06629b9c3c9.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ee2c1ee-957a-4190-a686-c58e07705ae5.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c13b66ad-c106-4943-ab8f-79d2c1acda1a.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c70c9b2-7290-47ba-83a5-22344d4b995f.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/a73ca93f-f670-40d5-b351-acbcd037e777.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d06b606a-a345-410a-8ef3-02c9fbeb7319.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a30d7a05-8148-4657-9347-2897e1c73b33.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39fbc33c-dd71-43e3-8269-73b27b178c4c.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0124d591-698f-4c1a-9804-43c83fe68135.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_465_ENIL_2012_2013_12072013115739.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b577d1ce-c6c0-4d2e-99b5-eaab7fea8a20.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31d238ad-06ec-4889-8190-23c75da6dc85.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ba97947-3ed5-42bc-a5d4-68e793c50a3f.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532700/75537532700.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532700/71147532700.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526496/71606526496.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532700/65292532700.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526496/66677526496.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532700/5327000319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:21:49.609Z.