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INDAG RUBBER LTD.

Automobile and Auto Components › Auto Components
₹105.80
at close · 28 Oct 2026
▼ 0.20 (-0.19%)

Latest filings

Next results: Fri, 6 Nov · Financial Results
  1. Board to approve September 2026 results and consider interim dividend · Results
  2. RTA quarterly compliance certificate for September 30, 2026 · Compliance
  3. Special window opened for physical share transfer and demat conversion · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes precured tread rubber and allied products for India's tyre retreading industry, with virtually all of FY26 segment revenue — Rs 214.24 crore — coming from this single line. Management describes itself as the sole player offering full-spectrum retreading services to 3,000+ connected retreaders across 15 depots. Customers include State Transport Undertakings, private fleets (won via cost-per-km analytics), and independent retreaders across PAN India. A subsidiary called Millenium Manufacturing Systems, which makes power conversion equipment for Battery Energy Storage Systems (BESS), secured its first commercial serial order with execution planned for FY27 but recorded negative EBIT in FY26. Materials — primarily natural and synthetic rubber — are the biggest cost at 63.8% of revenue, while employee cost is 12.6% and other opex 14.7%. Digitalization (SAP, Salesforce, automated mixing) and an e-Fleets partnership monitoring 6,000 tyres in real time support the operations.

Revenue mix · reported segments
Precured Tread Rubber and allied products/services100.0%
Electronics including green energy storage (subsidiary)0.0%
Operating scale
Connected retreaders
3,000+FY26
Retreader depots
15FY26
Tyres monitored in real time (e-Fleets)
6,000FY26
Working capital cycle
Cut from 120 to 70 days over five yearsFY26
Days sales outstanding
Cut from 70 to 35 daysFY26
FY26 segment revenue (Precured Tread Rubber)
Rs 214.24 croreFY26
Who pays it
State Transport Undertakings, private fleet operators (sold on cost-per-km economics), and 3,000+ independent retreaders across PAN India
Biggest cost
Materials — primarily natural and synthetic rubber — at 63.8% of FY26 revenue
Kind of business
Niche, asset-light retreading-materials specialist with a small, loss-making BESS electronics subsidiary
Where it sits
Self-described sole player offering full-spectrum retreading services to 3,000+ retreaders across 15 depots; subsidiary Millenium Manufacturing entered BESS power conversion
Market Cap
₹278 Cr
P / E (TTM)
27.3×
EV / EBITDA
14.9×
Div Yield
2.28%
Growth
4.8%▲
Revenue 5y CAGR
PAT +23.4% · EBITDA +22.0%
Quality
5.0%·
ROCE (FY26)
ROE 3.4% · margin 8.9%
Leverage
0.04·
Debt / Equity · low
Net debt ₹6.26 Cr
Revenue FY20→FY26
1.1×▲
Margin −3.4 pts
₹191 Cr → ₹215 Cr
Cash conversion
1.60×▲
Operating cash ÷ profit · 5 yrs
₹53 Cr on ₹33 Cr
Moves on a normal day
1.42%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 16 Tyres & Rubber Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#8/13
P/B#5/16
ROCE#13/17
ROE#12/16
Debt / Equity#4/16
EBITDA margin#8/16
Revenue growth#7/15
Profit growth#2/16

Scorecard

Measured from the filed financials, judged against its Tyres & Rubber Products peers · as of FY26 — not investment advice

Strengths
Profit compounding 23% a year over 5 years
Debt at 0.04× equity
lower than 80% of its 16 Tyres & Rubber Products peers
Over 5 years it reported ₹33 Cr of profit and ₹53 Cr of operating cash — 1.60×
Profit is converting into cash
Pays out 79% of profit as dividend
Concerns
Slow revenue growth — 5% a year over 5 years
Returns on capital 5.0%
#13 of 17 in Tyres & Rubber Products on the latest reported figures · down from 9.3% in FY20

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INDAG RUBBER LTD.'s filed financials and exchange disclosures

What does INDAG RUBBER LTD. do?

INDAG RUBBER LTD. is a Auto Components company listed on BSE.

Is INDAG RUBBER LTD. profitable?

Yes. Over the trailing twelve months INDAG RUBBER LTD. reported a net profit of ₹8.06 Cr on revenue of ₹215 Cr.

Does INDAG RUBBER LTD. pay a dividend?

Yes. The dividend yield is 2.28% at the current price. It paid out 79% of its profit as dividend in FY26.

Is INDAG RUBBER LTD. debt-free?

No. It reported borrowings of ₹10 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹6.26 Cr after cash. Debt stands at 0.04× equity. That is lower than 80% of its 16 Tyres & Rubber Products peers.

Is INDAG RUBBER LTD. expensive compared with its peers?

On trailing P/E, INDAG RUBBER LTD. ranks 8 of 13 in Tyres & Rubber Products — cheaper than 42% of them, against an industry median of 25.6×. This is a position, not a valuation judgement.

How much does the INDAG RUBBER LTD. share price move in a day?

On a typical session INDAG RUBBER LTD. moves 1.42% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are INDAG RUBBER LTD.'s next results?

Financial Results on Fri, 6 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track INDAG RUBBER LTD.'s announcements?

Every NSE and BSE filing by INDAG RUBBER LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.