NSE: RUBFILA · BSE: 500367
RUBFILA INTERNATIONAL LTD
Latex rubber thread manufacturing accounts for 97.5% of FY26 segment revenue at Rs 504.62 crore, with corrugated carton boxes making up the remaining 2.5% at Rs 12.71 crore. A paper tissue business runs through wholly-owned subsidiary Premier Tissues India Limited and is folded into consolidated figures. Consolidated FY26 revenue totalled Rs 602.5 crore, with net profit of Rs 26.61 crore and an EBITDA margin of 8.02%. Raw materials are the dominant input cost at 74.2% of revenue, followed by other operating expenses at 12.1% and employee costs at 7.3%, with depreciation at 1.8% and capex at 2.6% of revenue. Standalone FY26 revenue rose 9.2% year-on-year to Rs 511.72 crore. The board has recommended a Rs 2 per share dividend (40% payout) for FY26. End-use applications, customer mix, and installed capacity are not disclosed in the pack. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Latex Rubber Thread (98%), Corrugated Carton Box (3%), Paper Tissue. Materials-heavy industrial rubber products and packaging manufacturer
Exhibit 1: Financial summary, FY21–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY21 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 323 | 457 | 470 | 550 | 602 |
| EBITDA (ex other income) | 49 | 37 | 36 | 45 | 40 |
| margin % | 15.2 | 8.2 | 7.7 | 8.1 | 6.7 |
| Owners' profit | 33 | 26 | 25 | 30 | 27 |
| EPS, as reported (₹) | 6.38 | 4.83 | 4.62 | 5.51 | 5.03 |
| ROE % · ROCE % | 17.0 · 21.0 | 10.3 · 12.7 | 9.4 · 11.0 | 10.0 · 12.4 | 8.6 · 10.9 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 16 | 30 | 28 | 25 | (12) |
| Capex | (22) | (27) | (4) | (7) | (16) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 135 | 138 | 147 | 145 | 150 | 147 | 161 | 133 |
| Profit before tax | 8 | 11 | 11 | 9 | 11 | 7 | 10 | 8 |
| Net profit | 6 | 8 | 8 | 7 | 8 | 6 | 6 | 6 |
| EPS (₹) | 1.11 | 1.47 | 1.62 | 1.23 | 1.47 | 1.01 | 1.31 | 1.07 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Latex Rubber Thread | 385 | 62.9 |
| Corrugated Carton Box | 10 | 1.6 |
| Paper Tissue | 69 | 11.2 |
| LATEX RUBBER THREAD | 120 | 19.6 |
| CORRUGATED CARTON BOX | 3 | 0.5 |
| PAPER TISSUE | 26 | 4.3 |
| Total, before eliminations | 612 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| APCOTEX INDUSTRIES LIMITE | 2,637 | 16.4 | 4.25 | — | 16.3 | 19.6 | — | 22.8 |
| PIX TRANSMISSIONS LIMITED | 2,273 | 17.3 | 3.26 | 12.9 | 15.3 | 19.2 | 7.8 | 49.0 |
| TINNA RUBBER AND INFR LTD | 1,463 | 23.3 | 4.87 | 16.6 | 17.6 | 20.1 | 33.2 | 22.1 |
| GRP LIMITED | 944 | 166.5 | 5.29 | 27.7 | 1.8 | 2.9 | 13.9 | 11.1 |
| HARRISON MALAYALAM LTD | 301 | 11.1 | 1.68 | 8.3 | 16.3 | 10.1 | 3.6 | 7.1 |
| RUBFILA INTERNATIONAL LTD ◆ | 295 | 11.2 | 0.95 | 5.9 | 8.6 | 10.9 | 13.3 | 8.1 |
| AMEENJI RUBBER LIMITED | 264 | 33.3 | — | — | — | 11.2 | — | — |
| ELGI RUBBER CO. LTD | 250 | — | 3.31 | — | (317.4) | (143.8) | 1.3 | 79.5 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.2 | 16.0 | 4 of 10 | 67% |
| P/B | 0.9 | 2.8 | 2 of 10 | 89% |
| ROCE | 10.9 | 10.9 | 6 of 11 | 50% |
| ROE | 8.6 | 15.1 | 7 of 10 | 33% |
| Debt / Equity | 0.0 | 0.4 | 1 of 10 | 89% |
| EBITDA margin | 8.1 | 16.9 | 9 of 10 | 11% |
| Revenue growth | (7.9) | 22.8 | 8 of 9 | 13% |
| Profit growth | (13.3) | 75.2 | 8 of 9 | 13% |
| Market cap | 295 | 295 | 6 of 11 | 50% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Compliance certificate for Q2 FY27 under SEBI regulation 74(5) | compliance | minimal | — | — |
| 30 Sept 2026 · Rubfila AGM: 4 resolutions passed, Premier Tissues divestment rejected | compliance | minimal | — | — |
| 30 Sept 2026 · Promoter seeks reclassification to public category | ownership changes | medium | — | — |
| 30 Sept 2026 · Reclassification request from promoter to public for 1.28% holding | ownership changes | low | — | — |
| 29 Sept 2026 · 33rd AGM held: dividend declared, divestment of Premier Tissues approved | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Trading window closure ahead of Q2 results | compliance | minimal | — | — |
| 16 Sept 2026 · Final Dividend of Rs 2 per share; Record Date 22 Sep 2026 | corporate actions | high | — | — |
| 11 Sept 2026 · Board okays promoter reclassification to public category | ownership changes | high | — | — |
| 8 Sept 2026 · AGM notice published in Business Line and Kerala Kaumudi | compliance | minimal | — | — |
| 7 Sept 2026 · Notice published for 33rd AGM on 29 September 2026 | compliance | minimal | — | — |
How to read this document
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|---|---|---|
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.