Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹101, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 28x in the Auto Components industry in India. Total loss to shareholders of 20% over the past three years. Declared Dividend • Jun 24
Final dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 5th August 2026 Payment date: 10th September 2026 Dividend yield will be 2.9%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 22
Indag Rubber Limited, Annual General Meeting, Aug 12, 2026 Indag Rubber Limited, Annual General Meeting, Aug 12, 2026, at 17:00 Indian Standard Time. Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹3.88 (vs ₹2.49 in FY 2025) Full year 2026 results: EPS: ₹3.88 (up from ₹2.49 in FY 2025). Revenue: ₹2.25b (down 1.6% from FY 2025). Net income: ₹101.8m (up 56% from FY 2025). Profit margin: 4.5% (up from 2.9% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Duyuru • May 30
Indag Rubber Limited Recommends Final Dividend for the Financial Year 2025- 2026 Indag Rubber Limited announced that at the board meeting held on May 28, 2026, Recommended a final dividend of INR 1.50/- per equity share of INR 2/- each for the financial year 2025- 2026, in addition to interim dividend of INR 0.90/- per equity share of INR 2/- each already paid. The final dividend, subject to Shareholders' approval in the upcoming AGM, shall be paid on or before 30 days from the date of its approval in the AGM. Duyuru • Apr 29
Indag Rubber Limited to Report Q4, 2026 Results on May 22, 2026 Indag Rubber Limited announced that they will report Q4, 2026 results on May 22, 2026 Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹1.12 (vs ₹0.17 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.12 (up from ₹0.17 in 3Q 2025). Revenue: ₹587.3m (up 5.5% from 3Q 2025). Net income: ₹29.4m (up ₹24.8m from 3Q 2025). Profit margin: 5.0% (up from 0.8% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Jan 30
Indag Rubber Limited to Report Q3, 2026 Results on Feb 12, 2026 Indag Rubber Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹1.23 (vs ₹1.34 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.23 (down from ₹1.34 in 2Q 2025). Revenue: ₹551.7m (down 11% from 2Q 2025). Net income: ₹32.3m (down 8.4% from 2Q 2025). Profit margin: 5.9% (up from 5.7% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Duyuru • Oct 29
Indag Rubber Limited to Report Q2, 2026 Results on Nov 07, 2025 Indag Rubber Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Duyuru • Jul 29
Indag Rubber Limited to Report Q1, 2026 Results on Aug 13, 2025 Indag Rubber Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Upcoming Dividend • Jul 29
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 05 August 2025. Payment date: 10 September 2025. Payout ratio is on the higher end at 96% but the company is not cash flow positive. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 23
Full year 2025 earnings released: EPS: ₹2.49 (vs ₹6.15 in FY 2024) Full year 2025 results: EPS: ₹2.49 (down from ₹6.15 in FY 2024). Revenue: ₹2.28b (down 9.1% from FY 2024). Net income: ₹65.3m (down 60% from FY 2024). Profit margin: 2.9% (down from 6.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. New Risk • Jul 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 76% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (₹3.59b market cap, or US$41.5m). Declared Dividend • May 24
Final dividend reduced to ₹1.50 Dividend of ₹1.50 is 29% lower than last year. Ex-date: 5th August 2025 Payment date: 11th September 2025 Dividend yield will be 1.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.1% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend. Duyuru • May 23
Indag Rubber Limited, Annual General Meeting, Aug 12, 2025 Indag Rubber Limited, Annual General Meeting, Aug 12, 2025, at 15:00 Indian Standard Time. New Risk • Apr 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 96% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (₹3.79b market cap, or US$44.4m). Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: ₹2.49 (vs ₹6.15 in FY 2024) Full year 2025 results: EPS: ₹2.49 (down from ₹6.15 in FY 2024). Revenue: ₹2.40b (down 4.4% from FY 2024). Net income: ₹65.3m (down 60% from FY 2024). Profit margin: 2.7% (down from 6.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year. Duyuru • Apr 22
Indag Rubber Limited Recommends Final Dividend for the Financial Year 2024-2025 Indag Rubber Limited has recommended a final dividend of INR 1.50/- per equity share of INR 2/- each for the financial year 2024-2025 in addition to INR 0.90/- per equity share of INR 2/- each already paid. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹149, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 97% over the past three years. Duyuru • Apr 08
Indag Rubber Limited to Report Q4, 2025 Results on Apr 21, 2025 Indag Rubber Limited announced that they will report Q4, 2025 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹121, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 79% over the past three years. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.17 (vs ₹1.36 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.17 (down from ₹1.36 in 3Q 2024). Revenue: ₹582.7m (down 6.5% from 3Q 2024). Net income: ₹4.56m (down 87% from 3Q 2024). Profit margin: 0.8% (down from 5.7% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 16
Indag Rubber Limited to Report Q3, 2025 Results on Feb 11, 2025 Indag Rubber Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹1.34 (vs ₹1.77 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.34 (down from ₹1.77 in 2Q 2024). Revenue: ₹662.5m (up 3.2% from 2Q 2024). Net income: ₹35.3m (down 24% from 2Q 2024). Profit margin: 5.3% (down from 7.3% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 25
Indag Rubber Limited to Report Q2, 2025 Results on Nov 14, 2024 Indag Rubber Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹229, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 177% over the past three years. Duyuru • Aug 02
Indag Rubber Limited to Report Q1, 2025 Results on Aug 14, 2024 Indag Rubber Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Upcoming Dividend • Aug 02
Upcoming dividend of ₹2.10 per share Eligible shareholders must have bought the stock before 09 August 2024. Payment date: 14 September 2024. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 30
Full year 2024 earnings released: EPS: ₹6.15 (vs ₹5.04 in FY 2023) Full year 2024 results: EPS: ₹6.15 (up from ₹5.04 in FY 2023). Revenue: ₹2.51b (up 3.0% from FY 2023). Net income: ₹161.5m (up 22% from FY 2023). Profit margin: 6.4% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 28
Final dividend increased to ₹2.10 Dividend of ₹2.10 is 40% higher than last year. Ex-date: 9th August 2024 Payment date: 14th September 2024 Dividend yield will be 1.2%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹220, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 154% over the past three years. Duyuru • May 17
Indag Rubber Limited, Annual General Meeting, Aug 29, 2024 Indag Rubber Limited, Annual General Meeting, Aug 29, 2024. Reported Earnings • May 16
Full year 2024 earnings released: EPS: ₹6.15 (vs ₹5.04 in FY 2023) Full year 2024 results: EPS: ₹6.15 (up from ₹5.04 in FY 2023). Revenue: ₹2.61b (up 7.1% from FY 2023). Net income: ₹161.5m (up 22% from FY 2023). Profit margin: 6.2% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Duyuru • May 15
Indag Rubber Limited Recommends Final Dividend for the Financial Year 2023-2024 Indag Rubber Limited Recommended a final dividend of INR 2.10/- per equity share of INR 2/- each for the financial year 2023-2024. The final dividend, subject to Shareholders' approval in the up coming AGM, shall be paid on or before 30 days from the date of its approval in the AGM. The record date for determining the shareholder's who will be entitled to receive dividend will be August 22, 2024. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹174, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 111% over the past three years. Duyuru • Mar 27
Indag Rubber Limited Announces Board Changes Indag Rubber Limited announced that Mr. P. R. Khanna and Ms. Bindu Saxena are completing their second term as Independent Directors of the Company on March 31, 2024. Accordingly, they shall cease to be a Member of the Board and its Committees with effect from close of business hours of March 31, 2024. The Board of Directors through circular resolution passed on March 27, 2024 have also accorded their approval for reconstituting various committees of the Board with effect from April 01, 2024. The Constitution of Committees will be as follows: AUDIT COMMITTEE: Mr. Raj Kumar Agrawal: Non-Executive Independent Director: Chairman; Mr. Sushil Kumar Dalmia: Non-Executive Independent Director: Member; Mr. Nand Khemka: Chairman cum Managing Director: Member; Ms. Ranjana Agarwal: Non-Executive Independent Director: Member. NOMINATION & REMUNERATION COMMITTEE: Mr. Nikhil Khanna: Non-Executive Independent Director Chairman; Ms. Ranjana Agarwal: Non-Executive Independent Director Member; Mr. Sushil Kumar Dalmia: Non-Executive Independent Director Member; Mr. Nand Khemka: Chairman cum Managing Director Member. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE: Mr. Uday Khemka: Non-Executive Director: Chairman; Mr. Nand Khemka: Chairman cum Managing Director: Member; Mr. Shiv Khemka: Non-Executive Director: Member; Mr. Vijay Shrinivas: CEO & Whole Time Director: Member; Mr. Nikhil Khanna: Non-Executive Independent Director: Member. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹1.36 (vs ₹1.87 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.36. Revenue: ₹646.9m (up 7.0% from 3Q 2023). Net income: ₹35.7m (up 4.4% from 3Q 2023). Profit margin: 5.5% (down from 5.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Duyuru • Jan 19
Indag Rubber Limited to Report Q2, 2024 Results on Feb 06, 2024 Indag Rubber Limited announced that they will report Q2, 2024 results on Feb 06, 2024 Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Sushil Dalmia was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: ₹1.77 (vs ₹0.65 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.77 (up from ₹0.65 in 2Q 2023). Revenue: ₹665.1m (up 5.1% from 2Q 2023). Net income: ₹46.6m (up 173% from 2Q 2023). Profit margin: 7.0% (up from 2.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 17
Upcoming dividend of ₹0.90 per share at 1.6% yield Eligible shareholders must have bought the stock before 24 November 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Duyuru • Nov 05
Indag Rubber Limited to Report Q2, 2024 Results on Nov 14, 2023 Indag Rubber Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Duyuru • Oct 01
Indag Rubber Limited Announces Resignation of Manali D. Bijlani as Company Secretary & Compliance Officer, Effective October 31, 2023 Indag Rubber Limited announced that Ms. Manali D. Bijlani, Company Secretary & Compliance Officer and Key Managerial Personnel ('KMP') of the Company has resigned on September 28, 2023, with effect from October 31, 2023. Duyuru • Aug 04
Indag Rubber Limited Approves Final Dividend for the Financial Year 2022-2023 Indag Rubber Limited at the AGM held on August 3, 2023 approved final dividend of INR 1.50 per equity share of face value of INR 2 each, for the financial year ended March 31, 2023, to those Members whose names appear on the company's register of members as on August 3, 2023 (if shares held in physical form) and to those beneficial owners whose names are furnished by NSDL and CDSL as on the close of business hours on July 27, 2023 (if shares held in dematerialized form). Upcoming Dividend • Jul 20
Upcoming dividend of ₹1.50 per share at 1.8% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 02 September 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.8%). Duyuru • Jul 11
Indag Rubber Limited Recommends Final Dividend for the Financial Year 2022-2023 Indag Rubber Limited recommended to declare the Final Dividend and confirm payment of Interim Dividend for the financial year 2022-2023, and, if thought fit, to pass the following resolution as an ORDINARY RESOLUTION: "RESOLVED THAT pursuant to the recommendation of the Board of Directors, final dividend of INR 1.50 per equity share of face value of INR 2 each, in addition to the interim dividend of INR 0.90 per equity share of face value of INR 2 each already paid, be and is hereby declared out of the current profits and or General Reserves of the Company for the financial year ended March 31, 2023 and that the same be paid, to those Members whose names appear on the company's register of members as on August 3, 2023. Reported Earnings • Jul 11
Full year 2023 earnings released: EPS: ₹5.04 (vs ₹0.74 in FY 2022) Full year 2023 results: EPS: ₹5.04 (up from ₹0.74 in FY 2022). Revenue: ₹2.52b (up 51% from FY 2022). Net income: ₹132.4m (up ₹112.9m from FY 2022). Profit margin: 5.2% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • May 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Raj Agrawal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹138, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 25x in the Auto Components industry in India. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹109, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 21x in the Auto Components industry in India. Total returns to shareholders of 139% over the past three years. Reported Earnings • Jan 26
Third quarter 2023 earnings released: EPS: ₹1.87 (vs ₹0.71 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.87 (up from ₹0.71 in 3Q 2022). Revenue: ₹627.6m (up 37% from 3Q 2022). Net income: ₹34.2m (up 77% from 3Q 2022). Profit margin: 5.4% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Jan 14
Indag Rubber Limited to Report Q3, 2023 Results on Jan 25, 2023 Indag Rubber Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Jan 25, 2023 Duyuru • Nov 08
Indag Rubber Limited Declares Interim Dividend for the Financial Year 2022-2023 Indag Rubber Limited informed that the Board of Directors has declared Interim Dividend of INR 0.90 per equity shares of INR 2 each for the financial year 2022-2023 in their meeting held on November 07, 2022 and has fixed record date as November 18, 2022 for the said purpose. Duyuru • Oct 22
Indag Rubber Limited to Report Q2, 2023 Results on Nov 07, 2022 Indag Rubber Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 07, 2022 Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹0.56 (vs ₹0.38 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.56 (up from ₹0.38 loss in 1Q 2022). Revenue: ₹575.5m (up 84% from 1Q 2022). Net income: ₹14.8m (up ₹24.7m from 1Q 2022). Profit margin: 2.6% (up from net loss in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Duyuru • Jul 30
Indag Rubber Limited to Report Q1, 2023 Results on Aug 10, 2022 Indag Rubber Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Aug 10, 2022 Upcoming Dividend • Jul 13
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 27 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 08
Full year 2022 earnings released: EPS: ₹0.74 (vs ₹0.85 in FY 2021) Full year 2022 results: EPS: ₹0.74 (down from ₹0.85 in FY 2021). Revenue: ₹1.67b (down 1.7% from FY 2021). Net income: ₹19.5m (down 13% from FY 2021). Profit margin: 1.2% (down from 1.3% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Duyuru • Jun 29
Indag Rubber Limited, Annual General Meeting, Jul 28, 2022 Indag Rubber Limited, Annual General Meeting, Jul 28, 2022, at 15:00 Indian Standard Time. Reported Earnings • Apr 27
Full year 2022 earnings released: EPS: ₹0.74 (vs ₹0.85 in FY 2021) Full year 2022 results: EPS: ₹0.74 (down from ₹0.85 in FY 2021). Revenue: ₹1.73b (up 2.1% from FY 2021). Net income: ₹19.5m (down 13% from FY 2021). Profit margin: 1.1% (down from 1.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Duyuru • Apr 25
Indag Rubber Limited Approves Dividend for the Year Financial Year 2021-2022 Indag Rubber Limited approved final dividend of INR 1.50/- per equity share of INR 2/- each for the financial year 2021-2022 at its board meeting held on April 23, 2022. Duyuru • Apr 24
Indag Rubber Limited Recommends Final Dividend for the Financial Year 2021-2022 Indag Rubber Limited at its meeting held on April 23, 2022 recommended a final dividend of INR 1.50 per equity share of INR 2 each for the financial year 2021-2022. Duyuru • Apr 13
Indag Rubber Limited to Report Q4, 2022 Results on Apr 23, 2022 Indag Rubber Limited announced that they will report Q4, 2022 results on Apr 23, 2022 Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.71 (up from ₹1.27 loss in 3Q 2021). Revenue: ₹495.6m (down 7.5% from 3Q 2021). Net income: ₹19.3m (up ₹52.7m from 3Q 2021). Profit margin: 3.9% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Nov 18
Upcoming dividend of ₹0.90 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 12 December 2021. Trailing yield: 2.9%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.6%). Reported Earnings • Aug 09
First quarter 2022 earnings released: ₹0.38 loss per share (vs ₹0.17 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹317.1m (up 19% from 1Q 2021). Net loss: ₹9.92m (loss widened 128% from 1Q 2021). Board Change • Jul 31
High number of new directors CEO & Whole Time Director Vijay Shrinivas was the last director to join the board, commencing their role in 2021. Duyuru • May 19
Indag Rubber Limited Recommends Final Dividend Indag Rubber Limited recommended final dividend of INR 1.50 per equity share in addition to interim dividend of INR 0.90 per equity share paid in November 2020, thereby giving total dividend of INR 2.4 per equity share for Financial Year 2020-2021. Face Value (FV) of one equity share is INR 2. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹88.00, the stock trades at a trailing P/E ratio of 79.3x. Average trailing P/E is 29x in the Auto Components industry in India. Total loss to shareholders of 43% over the past three years. Duyuru • May 09
Indag Rubber Limited Recommends a Final Dividend for the Financial Year 2020-2021 Indag Rubber Limited at its board of directors meeting held on May 8, 2021, recommended a final dividend of INR 1.50 per equity share of INR 2 each for the financial year 2020-2021. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹1.27 loss per share (vs ₹1.55 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: ₹535.6m (up 2.7% from 3Q 2020). Net loss: ₹33.4m (down 182% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Duyuru • Feb 11
Indag Rubber Limited Announces Reconstitution of Committees Indag Rubber Limited at its Board of Directors meeting held on February 10, 2021 announced reconstitution of Committees (Audit Committee, Nomination & Remuneration Committee and Stakeholders' Relationship Committee) of the Board by inducting Harjiv Singh (Independent Director) as a Member with effect from April 01, 2021. Duyuru • Jan 20
Indag Rubber Limited to Report Q3, 2021 Results on Feb 10, 2021 Indag Rubber Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 14
New 90-day high: ₹96.30 The company is up 38% from its price of ₹69.55 on 16 October 2020. The Indian market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 35% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₹94.05, the stock is trading at a trailing P/E ratio of 23.9x, up from the previous P/E ratio of 20.7x. This compares to an average P/E of 32x in the Auto Components industry in India. Total return to shareholders over the past three years is a loss of 43%. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 24% share price gain to ₹95.00, the stock is trading at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 19.5x. This compares to an average P/E of 32x in the Auto Components industry in India. Total return to shareholders over the past three years is a loss of 43%. Is New 90 Day High Low • Dec 07
New 90-day high: ₹95.00 The company is up 22% from its price of ₹77.75 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 21% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: ₹88.75 The company is up 23% from its price of ₹72.25 on 19 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 22% share price gain to ₹88.75, the stock is trading at a trailing P/E ratio of 23.1x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 32x in the Auto Components industry in India. Total return to shareholders over the past three years is a loss of 47%. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 16% share price gain to ₹82.80, the stock is trading at a trailing P/E ratio of 21.5x, up from the previous P/E ratio of 18.6x. This compares to an average P/E of 30x in the Auto Components industry in India. Total return to shareholders over the past three years is a loss of 51%. Duyuru • Sep 26
Indag Rubber Limited Announces Demise of Jainendar Kumar Jain, Chief Financial Officer Indag Rubber Limited announced that Mr. Jainendar Kumar Jain who was appointed as Chief Financial Officer of the Company for a period of two years commencing from July 01, 2019 till June 30, 2021 has vacated the office due to sudden demise. Mr. Jainendar Kumar Jain shall cease to be a KMP designated as CFO of the Company from 25 September 2020. Duyuru • Aug 08
Indag Rubber Limited to Report Q1, 2021 Results on Aug 13, 2020 Indag Rubber Limited announced that they will report Q1, 2021 results on Aug 13, 2020 
