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Swing Capital

Elgi Rubber Company Ltd

NSE: ELGIRUBCO

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

₹49.4
52W: ₹32.7 — ₹90.5
PE 0 · Book ₹62.8 · -21% vs book
Market Cap₹247 Cr
Stock P/E—Price to Earnings
ROCE1.57%Return on Capital
ROE2.01%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Stock is trading at 0.78 times its book value

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 4.10% over past five years.
  • −Company has a low return on equity of 2.08% over last 3 years.

Shareholding Pattern

Promoters65.03%
FIIs0%
DIIs0.94%
Public31.67%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.03%65.03%65.03%65.03%65.03%65.03%65.03%65.03%
FIIs0.01%0%▼0.00.01%▲0.00%▼0.00%0%0.06%▲0.10%▼0.1
DIIs1.1%0.95%▼0.20.95%0.95%0.95%0.94%▼0.00.94%0.94%
Public31.5%31.66%▲0.231.65%▼0.031.66%▲0.031.66%31.67%▲0.031.61%▼0.131.67%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales58565154635358546162
Expenses50524949544664475782
Operating Profit842497-663-19
OPM %14%6%4%8%14%13%-10%12%5%-31%
Net Profit81470-4-86-1-95
EPS ₹1.620.110.881.490.04-0.71-1.681.21-0.25-18.94

AI Insights

Revenue Trend

TTM revenue at ₹235Cr, up 3.5% YoY. OPM at -7%.

Debt Position

Borrowings at ₹172Cr. Debt-to-equity ratio: 0.56x. Moderate leverage.

Capex Cycle

CWIP at ₹10Cr (10% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.94% (-0.52pp change). FIIs: 0% (+0.00pp change). Promoters hold 65.03%.

Margin & Efficiency

ROCE declining from 8% (Mar 2014) to 2% (Mar 2025). Working capital days: -6.

Recent Announcements