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ELGI

Elgi Rubber NSEI:ELGIRUBCO Stock Report

Last Price

₹29.15

Market Cap

₹1.5b

7D

3.7%

1Y

-22.2%

Updated

25 Jun, 2022

Data

Company Financials
ELGIRUBCO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ELGIRUBCO Stock Overview

Elgi Rubber Company Limited, together with its subsidiaries, engages in the manufacture and sale of reclaimed rubber, retreading machinery, and retread rubber in India and internationally.

Elgi Rubber Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Elgi Rubber
Historical stock prices
Current Share Price₹29.15
52 Week High₹49.80
52 Week Low₹26.60
Beta0.77
1 Month Change-7.31%
3 Month Change-7.46%
1 Year Change-22.16%
3 Year Change48.72%
5 Year Change-32.83%
Change since IPO-14.27%

Recent News & Updates

Jun 17
Is Elgi Rubber (NSE:ELGIRUBCO) Using Too Much Debt?

Is Elgi Rubber (NSE:ELGIRUBCO) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Jan 11
Is Elgi Rubber (NSE:ELGIRUBCO) A Risky Investment?

Is Elgi Rubber (NSE:ELGIRUBCO) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Sep 01
Elgi Rubber (NSE:ELGIRUBCO) Has A Somewhat Strained Balance Sheet

Elgi Rubber (NSE:ELGIRUBCO) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

ELGIRUBCOIN MachineryIN Market
7D3.7%2.2%2.3%
1Y-22.2%22.8%-0.9%

Return vs Industry: ELGIRUBCO underperformed the Indian Machinery industry which returned 22.8% over the past year.

Return vs Market: ELGIRUBCO underperformed the Indian Market which returned -0.9% over the past year.

Price Volatility

Is ELGIRUBCO's price volatile compared to industry and market?
ELGIRUBCO volatility
ELGIRUBCO Average Weekly Movement10.7%
Machinery Industry Average Movement6.5%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: ELGIRUBCO is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: ELGIRUBCO's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006454Sudarsan Varadarajhttps://www.elgirubber.com

Elgi Rubber Company Limited, together with its subsidiaries, engages in the manufacture and sale of reclaimed rubber, retreading machinery, and retread rubber in India and internationally. It offers tire retread and repair systems under the Jet brand name; buffing machine, air control, and dust collection systems, as well as hubs and rims under the CRS brand; retread auxiliary machines, exhaust, rubber dust handling, and monorail and tire handling equipment under the Armonas brand name; rasp blades, hubs, and spacers under the Pincott brand name; and brazed carbide tools under the Carbrasive brand name. The company also provides gums, adhesives, and sealants under the Midwest Rubber brand name; tire and tube repair products under the Westernweld name; reclaimed rubber under the Ecorr brand name; and coloured and black rubber compounds under the Rubber Compounding Holland brand.

Elgi Rubber Fundamentals Summary

How do Elgi Rubber's earnings and revenue compare to its market cap?
ELGIRUBCO fundamental statistics
Market Cap₹1.46b
Earnings (TTM)-₹163.54m
Revenue (TTM)₹3.90b

0.4x

P/S Ratio

-8.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELGIRUBCO income statement (TTM)
Revenue₹3.90b
Cost of Revenue₹1.95b
Gross Profit₹1.94b
Other Expenses₹2.11b
Earnings-₹163.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-3.27
Gross Margin49.88%
Net Profit Margin-4.20%
Debt/Equity Ratio160.5%

How did ELGIRUBCO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ELGIRUBCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELGIRUBCO?

Other financial metrics that can be useful for relative valuation.

ELGIRUBCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA69.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ELGIRUBCO's PS Ratio compare to its peers?

ELGIRUBCO PS Ratio vs Peers
The above table shows the PS ratio for ELGIRUBCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.6x

Price-To-Sales vs Peers: ELGIRUBCO is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.6x).


Price to Earnings Ratio vs Industry

How does ELGIRUBCO's PE Ratio compare vs other companies in the Indian Machinery Industry?

Price-To-Sales vs Industry: ELGIRUBCO is good value based on its Price-To-Sales Ratio (0.4x) compared to the Indian Machinery industry average (1.3x)


Price to Sales Ratio vs Fair Ratio

What is ELGIRUBCO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELGIRUBCO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ELGIRUBCO's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ELGIRUBCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ELGIRUBCO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ELGIRUBCO's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ELGIRUBCO's PEG Ratio to determine if it is good value.


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Future Growth

How is Elgi Rubber forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.0%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Elgi Rubber has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Elgi Rubber's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Elgi Rubber competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Elgi Rubber performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ELGIRUBCO is currently unprofitable.

Growing Profit Margin: ELGIRUBCO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ELGIRUBCO is unprofitable, and losses have increased over the past 5 years at a rate of 5.8% per year.

Accelerating Growth: Unable to compare ELGIRUBCO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ELGIRUBCO is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (42.4%).


Return on Equity

High ROE: ELGIRUBCO has a negative Return on Equity (-10.18%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Elgi Rubber's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ELGIRUBCO's short term assets (₹2.2B) exceed its short term liabilities (₹2.2B).

Long Term Liabilities: ELGIRUBCO's short term assets (₹2.2B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: ELGIRUBCO's net debt to equity ratio (145%) is considered high.

Reducing Debt: ELGIRUBCO's debt to equity ratio has increased from 106.2% to 160.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ELGIRUBCO has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ELGIRUBCO has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 37.2% each year


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Dividend

What is Elgi Rubber current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ELGIRUBCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ELGIRUBCO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ELGIRUBCO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ELGIRUBCO's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: ELGIRUBCO is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ELGIRUBCO has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Sudarsan Varadaraj (63 yo)

no data

Tenure

₹7,640,000

Compensation

Mr. Sudarsan Varadaraj serves as Independent Director at Kovilpatti Lakshmi Roller Flour Mills Limited since November 18, 2020. He serves as the Managing Director at Elgi Rubber Company Ltd. Mr. Varadaraj...


CEO Compensation Analysis

Compensation vs Market: Sudarsan's total compensation ($USD97.61K) is above average for companies of similar size in the Indian market ($USD38.38K).

Compensation vs Earnings: Sudarsan's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: ELGIRUBCO's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: ELGIRUBCO's board of directors are seasoned and experienced ( 11.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Elgi Rubber Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Elgi Rubber Company Limited
  • Ticker: ELGIRUBCO
  • Exchange: NSEI
  • Founded: 2006
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: ₹1.459b
  • Shares outstanding: 50.05m
  • Website: https://www.elgirubber.com

Number of Employees


Location

  • Elgi Rubber Company Limited
  • 2000, Trichy Road
  • Coimbatore
  • Tamil Nadu
  • 641005
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.