Indag Rubber Ltd-$
Indag Rubber Ltd-$ (INDAG) last reported results for the quarter ended Jun 2026, with sales of ₹70.09 crore and net profit of ₹5.04 crore. The stock last traded at ₹104, a market capitalisation of ₹273 crore, on a P/E of 19.9. Over the past 52 weeks the stock has ranged between ₹77.4 and ₹147. Figures are as of 9 Oct 2026 and are not real time.
Indag Rubber Ltd-$ share price and key metrics
- Current price
- ₹104
- Market cap
- ₹273 cr
- Stock P/E
- 19.9
- Book value
- ₹88
- ROE
- 4.44%
- ROCE
- 5.07%
- Dividend yield
- 2.31%
- 52w high / low
- 147/77.4
Metrics as of 9 Oct 2026. Not real time.
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Indag Rubber Ltd-$ growth and returns
- 10 Years
- %
- 5 Years
- 5%
- 3 Years
- %
- TTM
- 10%
- 10 Years
- %
- 5 Years
- -2%
- 3 Years
- %
- TTM
- 115%
- 10 Years
- -7%
- 5 Years
- 4%
- 3 Years
- -8%
- 1 Year
- -13%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 5%
- Last Year
- 4%
Indag Rubber Ltd-$ quarterly results
In the quarter ended Jun 2026, sales were ₹70.09 cr, up 55.7% from ₹45.01 cr a year earlier. Net profit was ₹5.04 cr, up 492.9% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 62.09 | 55.69 | 55.07 | 45.01 | 52.53 | 56.18 | 60.79 | 70.09 |
| Expenses | 60.64 | 56.02 | 55.36 | 44.75 | 49.47 | 53.43 | 58.16 | 64.43 |
| Operating profit | 1.45 | -0.33 | -0.29 | 0.26 | 3.06 | 2.75 | 2.63 | 5.66 |
| OPM % | 2.34% | -0.59% | -0.53% | 0.58% | 5.83% | 4.89% | 4.33% | 8.08% |
| Other income | 4.16 | 2.58 | 2.71 | 2.88 | 2.64 | 2.55 | 2.32 | 3.06 |
| Interest | 0.25 | 0.25 | 0.23 | 0.23 | 0.25 | 0.2 | 0.51 | 0.38 |
| Depreciation | 1.66 | 1.68 | 1.66 | 1.71 | 1.76 | 1.72 | 1.58 | 1.6 |
| Profit before tax | 3.7 | 0.32 | 0.53 | 1.2 | 3.69 | 3.38 | 2.86 | 6.74 |
| Tax % | 16.22% | 62.50% | 1.89% | 29.17% | 22.49% | 30.77% | 35.66% | 25.22% |
| Net profit | 3.1 | 0.13 | 0.51 | 0.85 | 2.86 | 2.34 | 1.83 | 5.04 |
| EPS (₹) | 1.34 | 0.18 | 0.41 | 0.51 | 1.23 | 1.05 | 1.02 | 1.93 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Indag Rubber Ltd-$ annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 185 | 168 | 173 | 187 | 170 | 167 | 251 | 228 | 215 | 240 |
| Operating profit | 30 | 21 | 15 | 16 | 16 | 0 | 17 | 2 | 8 | 14 |
| OPM % | 16% | 12% | 9% | 9% | 9% | 0.2% | 7% | 0.8% | 3.9% | 6% |
| Net profit | 22 | 16 | 11 | 14 | 3 | 2 | 16 | 5 | 8 | 12 |
| EPS (₹) | 8.33 | 6.01 | 4.10 | 5.12 | 0.97 | 0.79 | 6.15 | 2.49 | 3.88 | 5.23 |
TTM is the trailing twelve months to the most recent quarter.
Indag Rubber Ltd-$ balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 171 | 182 | 186 | 182 | 192 | 201 | 221 | 222 | 226 |
| Borrowings | 15 | 13 | 12 | 11 | 0 | 0 | 10 | 9 | 18 |
| Other liabilities | 35 | 29 | 27 | 28 | 39 | 27 | 35 | 37 | 55 |
| Total liabilities | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 274 | 304 |
| Fixed assets | 49 | 46 | 44 | 41 | 25 | 45 | 64 | 60 | 56 |
| CWIP | 0 | 0 | 1 | 10 | 19 | 1 | 0 | 0 | 0 |
| Investments | 90 | 104 | 96 | 79 | 91 | 112 | 122 | 128 | 139 |
| Other assets | 87 | 78 | 89 | 95 | 101 | 75 | 85 | 86 | 110 |
| Total assets | 226 | 228 | 230 | 226 | 237 | 234 | 271 | 274 | 304 |
As reported by the company. Total assets equal total liabilities by construction.
Indag Rubber Ltd-$ cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 8 | 17 | 0 | 10 | 15 | 8 | 18 | 3 | 9 |
| Cash from investing | -15 | -8 | 10 | 3 | -9 | -3 | -11 | 1 | -10 |
| Cash from financing | 9 | -10 | -10 | -15 | -5 | -7 | -4 | -7 | 3 |
| Net cash flow | 2 | -1 | -1 | -2 | 1 | -1 | 3 | -3 | 2 |
| Free cash flow | -11 | 15 | -2 | -3 | 3 | 4 | 6 | -0 | 6 |
| CFO / operating profit | 57% | 112% | 30% | 94% | 113% | 3,600% | 139% | 305% | 150% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Indag Rubber Ltd-$ operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 12% | 8% | 9% | 9% | 1% | — | 3% | 5% |
| Debtor days | 58 | 63 | 73 | 74 | 63 | 49 | 37 | 40 | 38 |
| Inventory days | 140 | 111 | 121 | 111 | 122 | 119 | 88 | 102 | 170 |
| Days payable | 62 | 49 | 46 | 48 | 52 | 56 | 45 | 48 | 96 |
| Cash conversion cycle | 136 | 125 | 147 | 137 | 134 | 113 | 80 | 94 | 112 |
| Working capital days | 93 | 106 | 127 | 126 | 128 | 103 | 71 | 76 | 66 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Indag Rubber Ltd-$ shareholding pattern
Promoters held 73.34% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.00% and DIIs 0.00%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% | 73.34% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 26.65% | 26.66% | 26.65% | 26.66% | 26.66% | 26.66% | 26.65% | 26.65% |
| No. of shareholders | 13,013 | 13,090 | 12,892 | 12,567 | 12,268 | 11,791 | 11,529 | 11,597 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Indag Rubber Ltd-$ corporate filings
- RTA Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.Company Updatelow impact
- Indag Rubber Ltd. announces opening of special window for transfer and dematerialization of physical securitiesCompany Updatelow impact
Cruxal's analysis: The company has published a public notice regarding the opening of a special window for…
Read the full analysis - ICRA reaffirmed Indag Rubber Limited's credit ratings at A- (Negative) for long-term and A2+ for short-term, reflecting its established market position in tyre-retreading, healthy liquidity, and diversification into renewable energy through its subsidiary MMSPL. However, the Negative outlook underscores ongoing profitability volatility due to input cost fluctuations and modest scale of operations, with recent margin improvements supported by strategic product mix and inventory benefits. The commencement of operations at MMSPL in Q1 FY2027 offers growth potential, but its ramp-up phase and raw material price sensitivity remain key uncertainties. Overall, the announcement signals a stable credit profile with moderate downside risks, likely leading to limited near-term stock price movement but maintaining investor cautiousness on margin sustainability.Company Updatemedium impact
Cruxal's analysis: Indag Rubber Limited's ratings have been reaffirmed at A- (Negative) and A2+ by ICRA…
Read the full analysis - Indag Rubber Ltd receives Show Cause Notice from Rajasthan Commercial Tax authoritiesCompany Updatelow impact
Cruxal's analysis: Indag Rubber Ltd has disclosed the receipt of a Show Cause Notice from the office of the…
Read the full analysis - Intimation of Closure of Trading Window.Insider Trading / SASTlow impact
- Indag Rubber receives Show Cause Notice from Karnataka Commercial Taxes departmentCompany Updatelow impact
Cruxal's analysis: Indag Rubber Ltd has received a Show Cause Notice from the Assistant Commissioner of…
Read the full analysis - Indag Rubber Ltd publishes newspaper notice regarding transfer of shares to IEPF AuthorityCompany Updatelow impact
Cruxal's analysis: Indag Rubber Ltd has issued a newspaper publication as part of the mandatory regulatory…
Read the full analysis - Indag Rubber Limited 47th AGM Transcript Highlights Strategic Pivot and Operational EfficiencyCompany Updatelow impact
Cruxal's analysis: Indag Rubber Limited's 47th AGM transcript reveals a strategic shift toward the…
Read the full analysis - Indag Rubber Limited Reports Strong Q1 FY2027 Financials with 26% Revenue Growth and 176% PAT SurgeCompany Updatehigh impact
Cruxal's analysis: Indag Rubber Limited delivered a robust performance in Q1 FY2027, with total revenue…
Read the full analysis - Indag Rubber Limited Reports Strong Q1 FY2027 Results with 26% Revenue Growth and Triple-Digit EBITDA SurgeCompany Updatehigh impact
Cruxal's analysis: Indag Rubber Limited delivered a robust performance for Q1 FY2027, with total revenue…
Read the full analysis - Indag Rubber Limited Reports Strong Q1 FY27 Financials with Consolidated PAT of 5.04 croreResulthigh impact
Cruxal's analysis: Indag Rubber Limited has reported a robust performance for the quarter ended June 30…
Read the full analysis - Indag Rubber Limited announces board meeting outcome regarding Q1 FY2027 financial resultsBoard Meetinglow impact
Cruxal's analysis: Indag Rubber Limited has formally notified the BSE regarding the conclusion of its board…
Read the full analysis - Indag Rubber Limited announces successful conclusion of 47th Annual General Meeting and approval of all resolutionsAGM/EGMlow impact
Cruxal's analysis: Indag Rubber Limited has successfully concluded its 47th Annual General Meeting held on…
Read the full analysis - Indag Rubber Limited concludes 47th Annual General Meeting; declares final dividend of INR 1.50 per shareAGM/EGMlow impact
Cruxal's analysis: Indag Rubber Limited has successfully concluded its 47th Annual General Meeting held on…
Read the full analysis - Indag Rubber Ltd issues public notice for transfer and dematerialization of physical securitiesCompany Updatelow impact
Cruxal's analysis: Indag Rubber Ltd has published a newspaper notice regarding the opening of a special…
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