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Elgi Rubber Company Ltd logo

Elgi Rubber Company Ltd

NSE: ELGIRUBCO BSE: 500471

36.99

(-2.99%)

Wed, 01 Apr 2026, 11:20 pm

Elgi Rubber Company Analysis

dividend

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Pros

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    Cons

    • Unable to calculate sustainability of dividends as Elgi Rubber has not reported any payouts.
    • Unable to evaluate Elgi Rubber's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate Elgi Rubber's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • Elgi Rubber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
    • Whilst loss making Elgi Rubber has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -12.9% per year.
    • Whilst loss making Elgi Rubber has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
    • Debt is covered by short term assets, assets are 1x debt.
    • Elgi Rubber's cash and other short term assets cover its long term commitments.
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    Cons

    • Debt is not well covered by operating cash flow (9.1%, less than 20% of total debt).
    • The level of debt compared to net worth has increased over the past 5 years (64.4% vs 115.7% today).
    • Elgi Rubber's level of debt (115.7%) compared to net worth is high (greater than 40%).
    • High level of physical assets or inventory.

    management

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    Pros

    • The tenure for the Elgi Rubber board of directors is about average.
    • Sudarsan's compensation has been consistent with company performance over the past year, both up more than 20%.
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    Cons

    • Sudarsan's remuneration is higher than average for companies of similar size in India.

    misc

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    Pros

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      Cons

      • Elgi Rubber is not covered by any analysts.
      • Elgi Rubber has significant price volatility in the past 3 months.

      past

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      Pros

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        Cons

        • Unable to compare Elgi Rubber's 1-year earnings growth to the 5-year average as it is not currently profitable.
        • Elgi Rubber does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
        • It is difficult to establish if Elgi Rubber has efficiently used its assets last year compared to the IN Machinery industry average (Return on Assets) as it is loss-making.
        • It is difficult to establish if Elgi Rubber improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
        • It is difficult to establish if Elgi Rubber has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
        • Unable to compare Elgi Rubber's 1-year growth to the IN Machinery industry average as it is not currently profitable.

        value

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        Pros

        • Elgi Rubber is good value based on assets compared to the IN Machinery industry average.
        • ELGIRUBCO matched the Machinery industry (-23.7%) over the past year.
        • NSEI:ELGIRUBCO is up 33.3% outperforming the Machinery industry which returned 8.3% over the past month.
        • NSEI:ELGIRUBCO is up 33.3% outperforming the market in India which returned 8% over the past month.
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        Cons

        • Elgi Rubber's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
        • Elgi Rubber's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
        • Elgi Rubber is loss making, we can't compare its value to the IN Machinery industry average.
        • Elgi Rubber is loss making, we can't compare the value of its earnings to the India market.
        • ELGIRUBCO underperformed the Market in India which returned -14.5% over the past year.

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        Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800