Price
Financials
Consolidated, Rs crore| 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 | 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 | 59.50 | 58.39 | 58.20 | 54.66 | 60.64 | 56.02 | 55.36 | 44.75 | 49.47 | 53.43 | 58.16 | 64.43 |
| Operating Profit | 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 % | 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 | 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 | 0.14 | 0.25 | 0.17 | 0.25 | 0.25 | 0.25 | 0.23 | 0.23 | 0.25 | 0.20 | 0.51 | 0.38 |
| Depreciation | 1.29 | 1.35 | 1.38 | 1.62 | 1.66 | 1.68 | 1.66 | 1.71 | 1.76 | 1.72 | 1.58 | 1.60 |
| Profit before tax | 5.58 | 4.69 | 4.08 | 1.41 | 3.70 | 0.32 | 0.53 | 1.20 | 3.69 | 3.38 | 2.86 | 6.74 |
| Tax % | 22.40% | 25.37% | 26.23% | 30.50% | 16.22% | 62.50% | 1.89% | 29.17% | 22.49% | 30.77% | 35.66% | 25.22% |
| Net Profit | 4.34 | 3.50 | 3.00 | 0.98 | 3.10 | 0.13 | 0.51 | 0.85 | 2.86 | 2.34 | 1.83 | 5.04 |
| EPS in Rs | 1.78 | 1.36 | 1.22 | 0.56 | 1.34 | 0.18 | 0.41 | 0.51 | 1.23 | 1.05 | 1.02 | 1.93 |
| 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 |
| Profit before tax | 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 in Rs | 8.33 | 6.01 | 4.10 | 5.12 | 0.97 | 0.79 | 6.15 | 2.49 | 3.88 | 5.23 |
| Dividend Payout % | 29% | 40% | 59% | 47% | 248% | 304% | 49% | 96% | 62% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 5% | % | 10% | ||
| Compounded Profit Growth | % | -2% | % | 115% | ||
| Stock Price CAGR | -5% | 2% | -10% | -16% | ||
| Return on Equity | % | % | 5% | 4% |
| 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 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8 | 17 | 0 | 10 | 15 | 8 | 18 | 3 | 9 |
| Cash from Investing Activity | -15 | -8 | 10 | 3 | -9 | -3 | -11 | 1 | -10 |
| Cash from Financing Activity | 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/OP | 57% | 112% | 30% | 94% | 113% | 3,600% | 139% | 305% | 150% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% |
| FIIs | 1.21% | 1.21% | 1.00% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 24.31% | 25.45% | 25.66% | 26.01% | 26.65% | 26.66% | 26.65% | 26.66% | 26.66% | 26.66% | 26.65% | 26.65% |
| No. of Shareholders | 7,135 | 7,434 | 7,790 | 8,589 | 13,013 | 13,090 | 12,892 | 12,567 | 12,268 | 11,791 | 11,529 | 11,597 |
Fundamentals
Market Cap₹ 265 Cr.
Current Price₹ 101
Stock P/E19.3
Book Value₹ 88.0
ROCE5.07 %
ROE4.44 %
Dividend Yield2.38 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)115%
Consolidated figures.
Valuation
Market capRs 277 Cr
Enterprise valueRs 283 Cr
P/E (TTM)20.16x
Price to book1.22x
Price to sales1.16x
EV / EBITDA11.47x
EV / EBIT15.71x
EV / sales1.18x
Price to cash flow84.39x
Earnings yield4.96%
Dividend yield2.28%
P/E, 3-year average49.67x
P/B, 3-year average1.25x
P/E, 5-year average50.44x
P/B, 5-year average1.14x
Profitability
Operating margin (excl. other income)0.84%
Operating margin (incl. other income)6.01%
EBITDA margin10.30%
Pre-tax margin6.96%
Net profit margin5.73%
Net margin, latest quarter7.22%
ROE2.88%
ROCE3.00%
ROA2.39%
ROE, 3-year average3.79%
ROCE, 3-year average4.67%
ROA, 3-year average3.22%
ROE, 5-year average3.96%
ROCE, 5-year average4.96%
ROA, 5-year average3.33%
ROIC (approx.)6.10%
Tax rate20.84%
Other income / net worth5.19%
Growth
Sales growth (latest year)-9.06%
Profit growth (latest year)-59.57%
Sales CAGR, 3 years10.38%
Sales CAGR, 5 years5.71%
Profit CAGR, 3 years36.99%
Profit CAGR, 5 years-9.49%
Sales growth QoQ15.30%
Profit growth QoQ88.81%
Sales growth YoY (latest quarter)55.72%
Profit growth YoY (latest quarter)277.61%
Per share
EPS (TTM)Rs 5.23
EPS (latest year)Rs 2.49
EPS (latest quarter)Rs 1.93
EPS, 3-year averageRs 3.14
EPS, 5-year averageRs 3.10
Book value per shareRs 86.70
Sales per shareRs 91.27
Cash flow per shareRs 1.25
Free cash flow per shareRs 2.29
Dividend per share (latest year)Rs 2.40
Dividend per share, 3-year averageRs 2.60
Dividend per share, 5-year averageRs 2.52
Dividends
Dividend payout96.48%
Dividend payout, 3-year average149.87%
Dividend payout, 5-year average148.90%
Efficiency
Asset turnover0.83x
Fixed asset turnover3.80x
Inventory turnover3.82x
Inventory days95 days
Debtor days40 days
Debtors turnover9.10x
Creditor days96 days
Cash conversion cycle112 days
Working capital days66 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 3 Cr
Net debtRs 6 Cr
Debt to equity0.04x
Net debt / EBITDA0.25x
Interest coverage13.44x
Owners' fund to total sources82.94%
Debt to assets3.42%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs 6 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years1.56x
Sales to cash flow69.64x
Statement figures
Net sales (TTM)Rs 240 Cr
Net sales (latest year)Rs 228 Cr
Sales (latest quarter)Rs 70 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 25 Cr
PBDT (TTM)Rs 23 Cr
Profit before tax (TTM)Rs 17 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 14 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 175 Cr
Total expenditure (latest year)Rs 227 Cr
Total income (latest year)Rs 240 Cr
Share capitalRs 5 Cr
ReservesRs 222 Cr
Shareholders' fundsRs 228 Cr
Total assetsRs 274 Cr
Net blockRs 60 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 128 Cr
ReceivablesRs 25 Cr
InventoryRs 46 Cr
Other liabilitiesRs 37 Cr
Shares outstanding (crore)2.62
Ownership
Promoter holding73.34% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.2 is at the 42th percentile of its own 8.4-year range
(median 24.2, low 8.6, high 320.2).
P/B 1.22 is at the 43th percentile (median 1.36).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 509162 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.1% | -2.8% | +1.7 pts |
| 1 month | -8.9% | -6.8% | -2.2 pts |
| 3 months | +4.3% | -7.6% | +12.0 pts |
| 3 years | -23.6% | +14.2% | -37.7 pts |
| 5 years | +21.8% | +27.9% | -6.1 pts |
Red flags
F-score 4 of 8| look | Profit leans on other income Other income was 198% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹70 Cr +55.7% vs Jun 2025.
Net profit ₹5 Cr +492.9%.
Activity
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|---|---|---|---|
| MRF Ltd | 52,200 | 21.2 | 15.7 % |
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| Megamont Ltd | 589 | 66.8 | 23.0 % |
| Tolins Tyres Ltd | 341 | 10.5 | 13.0 % |
| Modi Rubber Ltd | 311 | 31,073 | 0.71 % |
| Dolfin Rubbers Ltd | 175 | 28.1 | 14.0 % |
| Emerald Tyre Manufacturers Ltd | 146 | 14.2 | 12.3 % |
| Viaz Tyres Ltd | 121 | 23.0 | 13.0 % |
| Innovative Tyres & Tubes Ltd | 62 | 1.09 % | |
| Tirupati Innovar Limited | 46 | 70.4 | 1.44 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Indag Rubber Ltd?
Indag Rubber Ltd (509162) has a market capitalisation of Rs 265 Cr. at the 2026-10-01 close.
What is the P/E ratio of Indag Rubber Ltd?
Indag Rubber Ltd trades at a P/E of 19.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Indag Rubber Ltd's latest quarterly results?
In the Jun 2026 quarter, Indag Rubber Ltd sales was Rs 70 Cr (+55.7% vs Jun 2025) and net profit was Rs 5 Cr.