Elgi Rubber Company
Elgi Rubber Company
Industrial ProductsKey Fundamentals
MicrocapRubber ProductsIndustrial ProductsTapetide Score
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Key Insights
Weaknesses
4- Stock is trading at 3.87 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.33% over past five years.
- Company has a low return on equity of -21.7% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | 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 | 95 | 101 | 95 | 95 | 97 | 99 | 91 | 97 | 86 | 94 | 100 | 86 | 70 |
| Expenses | 89 | 89 | 90 | 93 | 92 | 93 | 81 | 112 | 84 | 93 | 124 | 128 | 67 |
| Operating Profit | 6 | 13 | 5 | 2 | 5 | 6 | 10 | -15 | 2 | 2 | -24 | -41 | 3 |
| OPM % | 6% | 12% | 4.8% | 2.1% | 5% | 6% | 11% | -15% | 1.9% | 1.8% | -24% | -48% | 3.7% |
| Other Income | 10 | 9 | 6 | 8 | 27 | -1 | -2 | 8 | 9 | 3 | 5 | -147 | 53 |
| Interest | 6 | 6 | 7 | 6 | 7 | 3 | 7 | 8 | 7 | 7 | 12 | 7 | 8 |
| Depreciation | 4 | 5 | 6 | 4 | 4 | 7 | 4 | 3 | 4 | 4 | 4 | 6 | 3 |
| PBT | 5 | 12 | -2 | -1 | 20 | -5 | -3 | -18 | 0 | -6 | -35 | -201 | 44 |
| Tax % | 0% | 13% | -18% | 128% | 1% | -9% | 25% | -4% | 2617% | 1% | -17% | 2% | 8% |
| Net Profit | 5 | 10 | -2 | -2 | 20 | -4 | -4 | -17 | -2 | -6 | -29 | -204 | 41 |
| EPS in Rs | 1.01 | 2.04 | -0.38 | -0.34 | 4.05 | -0.83 | -0.7 | -3.4 | -0.3 | -1.2 | -5.73 | -40.77 | 8.16 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 440 | 362 | 375 | 377 | 410 | 368 | 343 | 390 | 394 | 386 | 384 | 366 | 351 |
| Expenses | 440 | 348 | 354 | 359 | 398 | 371 | 323 | 384 | 378 | 362 | 377 | 428 | 412 |
| Operating Profit | 0 | 15 | 21 | 18 | 11 | -2 | 20 | 5 | 17 | 25 | 6 | -62 | -61 |
| OPM % | 0.1% | 4% | 6% | 4.7% | 2.8% | -0.6% | 6% | 1.4% | 4.2% | 6% | 1.7% | -17% | -17% |
| Other Income | 10 | 10 | 11 | 12 | 8 | 24 | 16 | 13 | 33 | 33 | 33 | -130 | -86 |
| Interest | 12 | 15 | 15 | 17 | 18 | 19 | 16 | 16 | 23 | 25 | 26 | 32 | 33 |
| Depreciation | 18 | 21 | 18 | 18 | 18 | 17 | 17 | 18 | 16 | 19 | 18 | 18 | 17 |
| PBT | -20 | -11 | -2 | -5 | -16 | -15 | 3 | -16 | 10 | 14 | -5 | -241 | -197 |
| Tax % | 14% | 6% | 157% | 22% | -2% | 5% | 66% | 5% | 33% | 15% | -3% | 0% | — |
| Net Profit | -22 | -11 | -4 | -6 | -16 | -15 | 1 | -16 | 7 | 12 | -4 | -240 | -198 |
| EPS in Rs | -4.47 | -2.29 | -0.81 | -1.13 | -3.22 | -3.04 | 0.22 | -3.27 | 1.35 | 2.33 | -0.87 | -48 | -39.54 |
| Div. Payout % | -5% | -16% | -16% | 0% | 0% | -5% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 262 | 257 | 244 | 234 | 218 | 181 | 178 | 166 | 179 | 185 | 174 | 71 |
| Borrowings | 201 | 245 | 246 | 297 | 285 | 268 | 243 | 247 | 271 | 307 | 270 | 313 |
| Other Liabilities | 85 | 61 | 61 | 53 | 64 | 71 | 68 | 81 | 78 | 69 | 71 | 46 |
| Total Liabilities | 553 | 568 | 556 | 588 | 572 | 525 | 494 | 500 | 533 | 566 | 520 | 434 |
| Fixed Assets | 245 | 258 | 234 | 245 | 226 | 208 | 209 | 205 | 228 | 245 | 162 | 123 |
| CWIP | 22 | 38 | 30 | 29 | 31 | 33 | 21 | 17 | 22 | 16 | 8 | 12 |
| Investments | 1 | 1 | 7 | 9 | 8 | 4 | 13 | 19 | 29 | 40 | 32 | 31 |
| Other Assets | 284 | 271 | 284 | 306 | 308 | 281 | 252 | 260 | 255 | 264 | 318 | 267 |
| Total Assets | 553 | 568 | 556 | 588 | 572 | 525 | 494 | 500 | 533 | 566 | 520 | 434 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 50 | 82 | -6 | 7 | 33 | 37 | 49 | 16 | 27 | 6 | -8 | -11 |
| Investing | -93 | -83 | -1 | -21 | 2 | 16 | 2 | -9 | -29 | -16 | 77 | -6 |
| Financing | 21 | -14 | 4 | 13 | -37 | -54 | -47 | -12 | 2 | 10 | -62 | 11 |
| Net Cash Flow | -22 | -15 | -4 | 0 | -1 | -1 | 5 | -6 | 0 | 0 | 7 | -6 |
| Free Cash Flow | -48 | -5 | -15 | -17 | 33 | 46 | 50 | 4 | -5 | -8 | 75 | -14 |
| CFO/OP | 20,752 | 578 | -19 | 48 | 296 | -1,559 | 244 | 299 | 167 | 23 | -134 | 18 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 60 | 59 | 50 | 55 | 49 | 57 | 69 | 62 | 58 | 66 | 58 |
| Inventory Days | 175 | 231 | 250 | 280 | 260 | 281 | 246 | 186 | 215 | 226 | 244 | 149 |
| Days Payable | 80 | 85 | 59 | 68 | 86 | 110 | 99 | 106 | 88 | 92 | 90 | 39 |
| Cash Conversion Cycle | 149 | 206 | 250 | 262 | 229 | 221 | 204 | 149 | 189 | 192 | 220 | 169 |
| Working Capital Days | 20 | 0 | 2 | -28 | -14 | -26 | -52 | -67 | -75 | -71 | -16 | -79 |
| ROCE % | -2% | 1% | 2% | 2% | 0% | -1% | 4% | 2% | 6% | 6% | 0% | -13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY15–FY26.
Documents
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Company Information
Incorporated in 1981, ELGI Rubber Ltd is in the business of manufacture of Reclaimed rubber, Retreading machinery, and Retread rubber[1]
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