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Indag Rubber Limited

Indag Rubber Limited

BBSE:INDAG
99.95
INR
0.00
(0.00%)
4.67EPS
19.07P/E
2.65BMarket Cap
Indag Rubber Limited
BSE:INDAG
(Bombay Stock Exchange)

Recent

price

99.95

P/E

ratio

19.07

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
56.94
82.33
89.38
88.47
92.15
96.31
70.48
65.32
65.76
70.97
64.82
63.42
92.64
95.41
86.61
81.52
91.31
Revenue per Share
4.1
7.95
9.51
10.49
12.41
12.18
8.33
6.01
4.09
5.13
0.97
0.99
5.04
6.15
2.49
3.88
5.3
Basic EPS, GAAP
1.23
3.77
11.62
7.18
10.67
8.56
-4.37
5.72
-0.77
-1.29
0.98
1.78
1.76
2.4
-0.22
2.31
- -
Free Cash Flow per Basic Share
0.78
0.81
1.37
1.77
2.17
2.37
2.38
2.37
2.38
3.91
0.91
2.42
2.43
2.43
3.02
2.41
- -
Dividend per Share
16.91
23.46
31.11
39.26
48.76
59.82
67.18
71.17
72.69
71.33
75.32
78.68
80.69
86.18
86.7
87.97
- -
Book Value per Share
16.8
23.38
31.05
39.23
48.73
59.8
66.95
70.9
72.45
71.1
75.12
78.63
80.64
86.01
86.46
87.82
- -
Tangible Book Value per Share
26
26
26
26
26
26
26
26
26
26
26
26
26
26
26
26
26
Basic Weighted Avg Shares
1,495
2,161
2,346
2,322
2,419
2,528
1,850
1,715
1,726
1,863
1,695
1,665
2,432
2,505
2,273
2,140
2,396
Sales/Revenue/Turnover
0.9
12.84
13.4
14.91
17.14
18.9
14.47
10.45
6.73
6.72
7.84
-1.93
4
5.03
-2.03
1.37
3.1
Operating Margin (%)
19
23
25
25
20
28
32
38
39
45
40
42
45
53
66
68
67
Depreciation Expense
108
209
250
275
326
320
219
158
107
135
25
26
132
162
65
102
139
Net Income, GAAP
21.2
22.73
24.13
23.52
22.5
33.23
31.42
27.16
22.17
20.71
25.67
9.52
23.22
23.79
20.78
27.54
26.48
Effective Tax Rate (%)
7.19
9.66
10.64
11.86
13.47
12.65
11.82
9.2
6.22
7.22
1.5
1.56
5.44
6.45
2.87
4.76
5.8
Profit Margin (%)
297
338
558
564
860
737
836
599
750
747
705
761
709
717
817
962
- -
Working Capital
72
- -
- -
- -
- -
- -
113
118
109
99
- -
- -
59
94
86
71
- -
LT Debt
444
616
817
1,031
1,280
1,570
1,790
1,907
1,939
1,906
2,014
2,065
2,118
2,296
2,315
2,337
- -
Total Equity
2.24
36.31
34.45
29.76
28.21
22.41
12.39
7.45
5.05
4.89
0.08
-1.43
3.46
3.84
-1.51
0.72
- -
Return on Invested Capital (%)
24.51
38.14
34.56
29.92
28.32
22.56
12.71
8.58
5.73
6.55
1.2
1.34
6.34
7.54
3.8
5.27
- -
Return on Capital (%)
26.73
39.39
34.87
29.82
28.21
22.44
13.12
8.68
5.69
7.12
1.32
1.28
6.33
7.38
2.88
4.44
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
110
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
71
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
26
Market Capitalization
3,235
2,264
2,653

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,571
- -
Cash, Cash Equivalents & STI
- -
565
- -
Accounts Receivable, Net
- -
223
- -
Inventories
- -
688
- -
Total Current Liabilities
- -
609
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
110
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.15%
3.06%
0.95%
Free Cash Flow
-174.06%
-227.37%
-1,146.1%
Net Income, GAAP
28.4%
86.25%
55.89%
Sales/Revenue/Turnover
-0.24%
6.44%
-5.88%
Total Cash Common Dividend
15.93%
34.33%
-20.31%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
556
621
557
551
2,273
2026
450
525
562
608
2,140
2027
701
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.56
1.34
0.17
0.41
2.49
2026
0.51
1.23
1.12
1.02
3.88
2027
1.93
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
3.02
2026
- -
- -
- -
- -
2.41
2027
- -
- -
- -
- -
- -
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Business
Indag Rubber Limited manufactures and sells precured tread rubber and allied retreading materials for truck, bus, and other commercial vehicle tires in India. The company offers a comprehensive range of products including precured tread rubber in various patterns such as ZZY3, ZM857, ZZA1, ZZE2-250, ZLD, ZZYL, and EXL 210 for hot and cold retreading processes; bonding repair and extrusion gum; rubber cement; cushion gum; and envelopes in sizes for tires from 4.50-12 to 10.00-20. It also provides consulting services encompassing retreading process consultancy, machinery consultancy, troubleshooting, and tire maintenance advisory to support its network of over 1,200 retreaders nationwide. Founded in 1978 as a joint venture between the Khemka Group and Bandag Inc. (USA), Indag Rubber Limited is headquartered in New Delhi, with primary manufacturing facilities in Bhiwadi, Rajasthan, and Nalagarh, Himachal Pradesh. The company went public in 1984 and is listed on the Bombay Stock Exchange under the ticker INDAG.BO. It pioneered cold retreading technology in India, serving fleet owners in medium- and heavy-commercial vehicles, light commercial vehicles, passenger vehicles, and off-road applications through direct sales to franchises and state transport corporations. Indag Rubber operates primarily in the automotive tire retreading sector, targeting fleet operators seeking to lower tire cost-per-kilometer, reduce new tire consumption, and minimize carbon footprints via sustainable retreading solutions. Its products support radial and bias tires across short-haul, long-haul, mixed-road, and high-speed applications, with exports to the Middle East, Africa, and Southeast Asia. In recent developments, the company held its 46th Annual General Meeting on August 12, 2025, approving a final dividend of Rs. 1.50 per equity share for FY 2024-25 and declaring audited financial results for the quarter and year ended March 31, 2025 on April 21, 2025. Regulatory updates included reaffirmations of credit ratings with revised outlooks, reductions in income tax demands, and drops in GST proceedings by authorities in Bengaluru, Karnataka, and Raipur, Chhattisgarh during 2025. The board approved extensions of investment tenures and maintained trading window closures in compliance with SEBI regulations, while continuing expansions in manufacturing technology from prior years including the Nalagarh plant capacity increase and Maxmile product line launch.