ELGIRUBCO

Elgi Rubber Company Limited

Listed company · ISIN INE819L01012 · NSE EQ · FV ₹1
Last price
₹61
+7.29%today
What this company does

Elgi Rubber Company Limited is a listed company. It booked ₹70 cr of revenue in its latest quarter (Q1 FY27) and kept 58.3% of sales as profit.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 412–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns99

How much profit it earns on the money it employs · highest in its sector on what we could measure

Balance sheet21

How much it owes, and whether earnings cover the interest

Cash quality22

Whether reported profit actually arrives as cash

Growth & consistency27

Whether sales and profit have grown, and how steadily

Valuation72

What today's price implies, against our models or its peers

Governance & risk63

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Makes a profit
Strong 58% net margin
Promoters hold 65%
Strong 216% return on equity
Watch-outs
! Sales down 18% vs last year
! 21.5% of promoter stake pledged
! Carries high debt (D/E 4.1)
! Operating cash flow is negative

What if I invest in ELGIRUBCO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹61 +7.29%
latest close · 2026-09-17
1-year return
+66.1%
52-wk low ₹2752-wk high ₹67
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio1.9Low
LowAverageHigh
P/B ratio4.02High
Below bookModerateHigh
EV / EBITDA2.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity215.9%Strong
WeakFairStrong ▸15%
Return on capital124.8%Strong
WeakFairStrong
Net margin58.3%Strong
ThinDecentStrong
EBITDA margin79.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity4.13High
LowModerateHigh ▸1
Interest cover6.7×Strong
RiskyOkayStrong ▸5×
Current ratio0.86Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹304 cr
Book value
₹15
EPS
₹8.16
latest quarter
Net debt
₹308 cr
owes more than its cash
Enterprise value
₹612 cr
EBITDA
₹223 cr
annualised
EBIT
₹209 cr
annualised
Operating margin
74.6%
Return on assets
37.6%
Earnings yield
53.68%
P/S
1.09
Sales / share
₹56.0
Tax rate
8.2%
Face value
₹1
Shares
5.0 cr
Working capital
₹-36 cr
Current assets
₹230 cr
Current liabilities
₹266 cr
Delivery %
51.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹70 cr
Other Income₹10 cr
Total Income₹80 cr
Cost of Materials₹31 cr
Purchases of Stock-in-Trade₹5 cr
Inventory Change (±)₹46.3 L
Employee Benefit Expense₹11 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹20 cr
Total Expenses₹79 cr
Exceptional Items₹43 cr
Profit before Tax₹44 cr
Tax Expense₹4 cr
Net Profit₹41 cr
Net margin on total income51.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹36 cr29.6%
Employee benefit expense₹11 cr9.1%
Finance costs₹8 cr6.3%
Depreciation & amortisation₹3 cr2.8%
Other expenses₹20 cr16.0%
Tax expense₹4 cr3.0%
Profit for the period₹41 cr33.1%
Total income ₹80 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue100 cr86 cr70 cr
Total income105 cr95 cr80 cr
Expenses139 cr140 cr79 cr
Profit before tax-35 cr-201 cr44 cr
Tax-6 cr4 cr4 cr
Net profit (owners' share)-29 cr-204 cr41 cr
Net margin (owners' share, on revenue)-28.6%-236.3%58.3%
EPS (₹)-5.73-40.778.16
YoY (latest quarter): total income -15.7% · net profit
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹434 cr
Shareholder equity
₹76 cr
parent shareholders
Total debt
₹313 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹-15 cr
Investing
₹-9 cr
Financing
₹23 cr
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.16
ex 18 Mar 2020
ActionDetailEx-date
Dividend₹0.16 / share18 Mar 2020
Dividend₹0.13 / share16 Aug 2017
Dividend₹0.37 / share1 Sep 2016
Dividend₹0.21 / share16 Sep 2015
Dividend₹0.37 / share18 Sep 2014
Dividend₹0.8 / share1 Aug 2013
Who owns it · 2026-06-30
21.5% pledged
Promoter
65.0%
FII / Foreign
0.0%
DII / Domestic
0.9%
Retail / others
34.0%
Smart-money activity
Insider trades
BoughtSUDARSAN VARADARAJ · Promoters540 · ₹9,75418 Nov 20
BoughtSUDARSAN VARADARAJ · Promoters653 · ₹11,16617 Nov 20
BoughtSUDARSAN VARADARAJ · Promoters984 · ₹16,43213 Nov 20
Bulk / block deals
BoughtSWARNA KODI · NSE2.73 L @ ₹81.9629 Aug 25
SoldSWARNA KODI · NSE2.73 L @ ₹81.6829 Aug 25
SoldDAMODAR PRASAD AGARWAL · NSE2.61 L @ ₹50.344 Aug 23
Promoter pledges
PledgedRAR Finance Ltd70.00 L · 0.00% held27 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Aug 2026
See the official result
1
Adoption of the audited standalone financial statements of the company along with consolidated financial statements including statement of profit and loss (including other comprehensive income) along with the statement of cash flows and the statement of changes in equity for the financial year ended March 31, 2026 together with notes and the reports of the board of directors and the auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
4.00 L votes for, 0 against
2
Re-appointment of Sudarsan Varadaraj (DIN: 00133533) as a Director on retirement by rotation
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
4.00 L votes for, 0 against
3
Approval for re-appointment of Sudarsan Varadaraj (DIN: 00133533) as Chairman and Managing Director of the company for a further period of 5 years with effect from January 1, 2027 and the remuneration payable to him
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
4.00 L votes for, 0 against
4
Approval for re-appointment of Harsha Varadaraj (DIN: 06856957) as Whole-time Director (designated as “Executive Director”) of the company for a further period of 5 years with effect from November 6, 2026 and the remuneration payable to him
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
4.00 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 55 named members
owning 65.0% between them · as of 2026-06-30
Sudarsan Varadaraj47.09%
LRG Technologies Limited7.08%
Harsha Varadaraj4.50%
Varshini Varadaraj4.50%
Elgi Equipments Limited1.53%
Jairam Varadaraj0.28%
Sumanth Ramamurthi0.02%
Anvar Jay Varadaraj0.01%
Business done with them
FY2025 · 6 of the group
The company paid ₹3 cr to companies in the promoter group last year — about 0.7% of its ₹384 cr revenue and received ₹3 cr back from them.
LRG Technologies Limited
Sold goods to them · Income from sale of goods, Purchase of goods / capital goods, Rendering of services and Receiving of services
also owns 7.08% of the company
₹1 cr
company received
Sudarsan Varadaraj
Contribution received from them · Loans repaid, Loans taken, Managerial remuneration and Interest paid
also owns 47.09% of the company
₹1 cr
company received
Sudarsan Varadaraj
Other payments to them · Loans repaid, Loans taken, Managerial remuneration and Interest paid
also owns 47.09% of the company
₹1 cr
company paid
HARSHA VARADARAJ
Contribution received from them · Managerial remuneration, Interest paid, Loan repaid and Loans taken
also owns 4.50% of the company
₹40 L
company received
HARSHA VARADARAJ
Other payments to them · Managerial remuneration, Interest paid, Loan repaid and Loans taken
also owns 4.50% of the company
₹39 L
company paid
VARSHINI VARADARAJ
Other payments to them · Interest paid and Deposit taken
also owns 4.50% of the company
₹38.2 L
company paid
Sudarsan Varadaraj
Contribution made to them · Loans repaid, Loans taken, Managerial remuneration and Interest paid
also owns 47.09% of the company
₹35 L
company paid
HARSHA VARADARAJ
Contribution made to them · Managerial remuneration, Interest paid, Loan repaid and Loans taken
also owns 4.50% of the company
₹32 L
company paid
Elgi Equipments Limited
Provided services to them · Rendering of services and Dividend received
also owns 1.53% of the company
₹16 L
company received
Elgi Equipments Limited
Other income from them · Rendering of services and Dividend received
also owns 1.53% of the company
₹13.3 L
company received
VARSHINI VARADARAJ
Other income from them · Interest paid and Deposit taken
also owns 4.50% of the company
₹10 L
company received
LRG Technologies Limited
Paid them for services · Income from sale of goods, Purchase of goods / capital goods, Rendering of services and Receiving of services
also owns 7.08% of the company
₹10 L
company paid
LRG Technologies Limited
Bought goods from them · Income from sale of goods, Purchase of goods / capital goods, Rendering of services and Receiving of services
also owns 7.08% of the company
₹8.5 L
company paid
LRG Technologies Limited
Provided services to them · Income from sale of goods, Purchase of goods / capital goods, Rendering of services and Receiving of services
also owns 7.08% of the company
₹0.6 L
company received
JAIRAM VARADARAJ
Other payments to them · Sitting fee paid
also owns 0.28% of the company
₹0.3 L
company paid

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.