Elgi Rubber Company Share Price & Earnings Call Analysis

₹49.19-1.95% today

Market cap: ₹246 Cr
ROE: -67.47%
Price to sales: 0.71
Debt to equity: 4.13
52W high / low: ₹68.6 / ₹33.5
Sales growth (5Y): 1.33%
EBITDA margin: -17.27%
Net profit margin: -23.45%
Promoter holding: 65.03%
Sales (last year): ₹351 Cr

All 10 ratios ↓

Incorporated in 1981, ELGI Rubber Ltd is in the business of manufacture of Reclaimed rubber, Retreading machinery, and Retread rubber[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1		40%+	Up 2%+	₹448 Cr	17.9
2		40%+	Up 2%+	₹413 Cr	12.0
3		40%+	Up 2%+	₹324 Cr	22.7
4		40%+	Up 0–2%	₹1,496 Cr	32.8
5		40%+	Up 0–2%	₹1,079 Cr	12.7
6		40%+	Flat	₹827 Cr	21.4

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Financials of Elgi Rubber Company Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Elgi Rubber Company Ltd

Quarterly Results

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	96	95	101	95	95	97	99	91	97	86	94	100	86
Expenses +	93	89	89	90	93	92	93	81	112	84	93	124	128
Operating Profit	3	6	13	5	2	5	6	10	-15	2	2	-24	-41
OPM %	3%	6%	12%	5%	2%	5%	6%	11%	-15%	2%	2%	-24%	-48%
Other Income +	-6	10	9	6	8	27	-1	-2	8	9	3	5	-147
Interest	11	6	6	7	6	7	3	7	8	7	7	12	7
Depreciation	4	4	5	6	4	4	7	4	3	4	4	4	6
Profit before tax	-17	5	12	-2	-1	20	-5	-3	-18	0	-6	-35	-201
Tax %	-6%	0%	13%	-18%	128%	1%	-9%	25%	-4%	2,617%	1%	-17%	2%
Net Profit +	-16	5	10	-2	-2	20	-4	-4	-17	-2	-6	-29	-204
EPS in Rs	-3.21	1.01	2.04	-0.38	-0.34	4.05	-0.83	-0.70	-3.40	-0.30	-1.20	-5.73	-40.77

Financials of Elgi Rubber Company Ltd

Profit & Loss

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	440	362	375	377	410	368	343	390	394	386	384	366
Expenses +	440	348	354	359	398	371	323	384	378	362	377	428
Operating Profit	0	15	21	18	11	-2	20	5	17	25	6	-62
OPM %	0%	4%	6%	5%	3%	-1%	6%	1%	4%	6%	2%	-17%
Other Income +	10	10	11	12	8	24	16	13	33	33	33	-130
Interest	12	15	15	17	18	19	16	16	23	25	26	32
Depreciation	18	21	18	18	18	17	17	18	16	19	18	18
Profit before tax	-20	-11	-2	-5	-16	-15	3	-16	10	14	-5	-241
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
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	-48.00
Dividend Payout %	-5%	-16%	-16%	0%	0%	-5%	0%	0%	0%	0%	0%	0%

Financials of Elgi Rubber Company Ltd

Balance Sheet

Capital structure and asset base

	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

Financials of Elgi Rubber Company Ltd

Cash Flows

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	50	82	-6	7	33	37	49	16	27	6	-8
Cash from Investing Activity +	-93	-83	-1	-21	2	16	2	-9	-29	-16	77
Cash from Financing Activity +	21	-14	4	13	-37	-54	-47	-12	2	10	-62
Net Cash Flow	-22	-15	-4	0	-1	-1	5	-6	-0	-0	7
Free Cash Flow	-48	-5	-15	-17	33	46	50	4	-5	-8	75
CFO/OP	20,752%	578%	-19%	48%	296%	-1,559%	244%	299%	167%	23%	-134%

Financials of Elgi Rubber Company Ltd

Ratios

Working capital efficiency and return ratios

	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	-64
ROCE %	-2%	1%	2%	2%	0%	-1%	4%	2%	6%	6%	0%	-13%

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