Indag Rubber Ltd.
BSE: INDAG · Tyres & Rubber Products · sector
₹103.00BSE close 2026-10-26
Key numbers
Market cap₹270 cr
Price₹103.00
52w high / low₹147 / ₹77
P/E19.4xSector median 20.0x
P/B1.2xSector median 2.4x
Book value₹88.0
Dividend yield2.34%Sector median 0.98%
ROE6.1%Sector median 9.0%
ROCE7.5%Sector median 11.2%
OPM5.9%Sector median 5.6%
Debt / equity0.04xSector median 0.37x
EV/EBITDA15.8xSector median 14.4x
Interest cover13.5x
Current ratio2.58x
Sales growth 3y-4.2%Sector median +3.7%
Profit growth 3y-8.4%Sector median +13.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 17 companies in Tyres & Rubber Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹58 cr vs borrowings ₹10 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 13.5x in the last 12 months.
- Other income was 76% of net profit in the last 12 months.
- Dividend paid in 2 of the last 5 financial years.
- Price ₹103.00 on 2026-10-26: -29.8% from the 52-week high, +33.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹220.25 · low ₹83.86
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 55 | 45 | 53 | 56 | 61 | 70 |
| EBITDA | -0 | 0 | 3 | 3 | 3 | 6 |
| OPM % | -0.5% | 0.6% | 5.8% | 4.9% | 4.3% | 8.1% |
| Other income | 3 | 3 | 3 | 3 | 2 | 3 |
| Net profit | 1 | 1 | 3 | 3 | 3 | 5 |
| EPS (₹) | 0.41 | 0.51 | 1.23 | 1.12 | 1.02 | 1.93 |
| Revenue YoY | +10.4% | +55.7% | ||||
| Profit YoY | +150.5% | +492.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 167 | 244 | 251 | 228 | 215 | 240 |
| EBITDA | 1 | 14 | 18 | 2 | 9 | 14 |
| Net profit | 3 | 13 | 17 | 7 | 10 | 14 |
| EPS (₹) | 0.99 | 5.04 | 6.38 | 2.49 | 3.88 | 5.30 |
| Revenue growth | +46.1% | +3.0% | -9.1% | -6.1% | – | |
| Profit growth | +411.2% | +26.5% | -61.0% | +55.9% | – | |
| Dividend / share (₹) | – | – | – | 3.00 | 2.40 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.2% | – | – |
| Net profit | -8.4% | – | – |
| EPS | -8.3% | – | – |
| Share price | – | -27.0% (2y) | -16.5% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 228 | 231 |
| Borrowings | 0 | 10 |
| Cash & equivalents | 34 | 58 |
| Total assets | 275 | 306 |
| Fixed assets | 41 | 37 |
| Capital work in progress | 0 | 0 |
| Investments | 97 | 86 |
| Receivables | 25 | 22 |
| Inventory | 46 | 69 |
| Payables | 22 | 39 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 3 | 9 |
| Cash from investing | 1 | -10 |
| Cash from financing | -7 | 3 |
| Capex | 4 | 3 |
| Free cash flow | -1 | 6 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 2.9% | 4.4% |
| ROCE % | 3.1% | 5.1% |
| Debtor days | 40 | 38 |
| Inventory days | 102 | 170 |
| Payable days | 48 | 96 |
| Cash conversion cycle (days) | 94 | 112 |
| Working capital days | 136 | 164 |
Peers in Tyres & Rubber Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MRF | ₹49,769 cr | 20.6x | 2.4x | 12.2% | 15.2% | 14.9% | +10.6% | 0.20% |
| BALKRISIND | ₹40,775 cr | 29.0x | 3.7x | 14.4% | 13.2% | 22.0% | +3.5% | 0.76% |
| APOLLOTYRE | ₹24,569 cr | 14.3x | 1.5x | 10.8% | 11.0% | 11.9% | +5.0% | 2.20% |
| CEATLTD | ₹12,479 cr | 24.4x | 2.5x | 9.0% | 13.4% | 10.8% | +11.5% | 0.98% |
| JKTYRE | ₹8,661 cr | 13.0x | 1.4x | 11.9% | 12.0% | 10.6% | +3.7% | 0.95% |
| TVSSRICHAK | ₹3,167 cr | 34.3x | 2.7x | 7.2% | 9.0% | 7.6% | +6.9% | 0.40% |
| GOODYEAR | ₹1,515 cr | 28.1x | 2.5x | 8.9% | 13.1% | 4.2% | -5.4% | 3.64% |
| MEGAMONT | ₹446 cr | 49.8x | 13.2x | 55.7% | 17.8% | 1.1% | – | – |
| TOLINS | ₹315 cr | 9.7x | 0.9x | 9.5% | 11.2% | 13.7% | – | – |
| INDAG | ₹270 cr | 19.4x | 1.2x | 6.1% | 7.5% | 5.9% | -4.2% | 2.34% |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Precured Tread Rubber and allied products/services | ₹58 cr | 82.1% | ₹4 cr | 7.6% |
| Electronics including green energy storage | ₹12 cr | 17.9% | ₹0 cr | 0.5% |
| Unallocated assets | ₹0 cr | – | ₹2 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-05 | Dividend | Final Dividend Rs 1.5 |
| 2025-11-14 | Dividend | Interim Dividend Rs 0.9 |
| 2025-08-05 | Dividend | Final Dividend Rs 1.5 |
| 2024-11-28 | Dividend | Interim Dividend Rs 0.9 |
| 2024-08-09 | Dividend | Final Dividend Rs 2.1 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Tyres & Rubber Products |
| Sub-industry | Tyres & Rubber Products |
| Symbol | INDAG |
| BSE code | 509162 |
| ISIN | INE802D01023 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.