About
Indag Rubber Limited manufactures and sells precured tread rubber and allied products in India and internationally. It operates through the Precured Tread Rubber and Allied Products/Services; and the Electronics Including Green Energy Storage segments. The company offers precured tread, full skirt envelopes, unvulcanised rubber strip gums, and universal spray cement products. It also provides retreading process and machinery consultancy services, as well as troubleshooting services. In addition, the company manufactures power conversion systems for battery energy storage systems and power electronics for the green energy sector. Further, it exports its products. The company was incorporated in 1978 and is based in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap350 Cr
P/E25.50
Div Yield1.80 %
Book Value₹88.00
52w High₹143.00
52w Low₹77.40
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 70.09 | 60.79 | 56.18 | 52.53 | 45.01 | 55.07 | 55.69 | 62.09 | 55.57 | 61.32 | 62.33 | 64.17 | 44.23 |
| Expenses | 64.43 | 58.16 | 53.43 | 49.47 | 44.75 | 55.36 | 56.02 | 60.64 | 54.66 | 58.20 | 58.39 | 59.50 | 44.07 |
| Operating Profit | 5.66 | 2.63 | 2.75 | 3.06 | 0.26 | -0.29 | -0.33 | 1.45 | 0.91 | 3.12 | 3.94 | 4.67 | 0.16 |
| OPM % | 8.08 | 4.33 | 4.89 | 5.83 | 0.58 | -0.53 | -0.59 | 2.34 | 1.64 | 5.09 | 6.32 | 7.28 | 0.36 |
| Other Income | 3.06 | 2.32 | 2.55 | 2.64 | 2.88 | 2.71 | 2.58 | 4.16 | 2.37 | 2.51 | 2.35 | 2.34 | 1.69 |
| Depreciation | 1.60 | 1.58 | 1.72 | 1.76 | 1.71 | 1.66 | 1.68 | 1.66 | 1.62 | 1.38 | 1.35 | 1.29 | 1.03 |
| Interest | 0.38 | 0.51 | 0.20 | 0.25 | 0.23 | 0.23 | 0.25 | 0.25 | 0.25 | 0.17 | 0.25 | 0.14 | 0.03 |
| Profit before tax | 6.74 | 2.86 | 3.38 | 3.69 | 1.20 | 0.53 | 0.32 | 3.70 | 1.41 | 4.08 | 4.69 | 5.58 | 0.79 |
| Tax % | 25.22 | 35.66 | 30.77 | 22.49 | 29.17 | 1.89 | 62.50 | 16.22 | 30.50 | 26.23 | 25.37 | 22.40 | 25.32 |
| Net Profit | 5.04 | 1.83 | 2.34 | 2.86 | 0.85 | 0.51 | 0.13 | 3.10 | 0.98 | 3.00 | 3.50 | 4.34 | 0.60 |
| EPS in Rs | 1.93 | 1.02 | 1.05 | 1.23 | 0.51 | 0.41 | 0.18 | 1.34 | 0.56 | 1.22 | 1.36 | 1.78 | 0.23 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 215.00 | 228.00 | 251.00 | 167.00 | 170.00 | 187.00 | 173.00 | 168.00 | 185.00 |
| Expenses | 206.00 | 227.00 | 234.00 | 167.00 | 154.00 | 171.00 | 158.00 | 148.00 | 155.00 |
| Operating Profit | 8.00 | 2.00 | 17.00 | 0.00 | 16.00 | 16.00 | 15.00 | 21.00 | 30.00 |
| OPM % | 3.90 | 0.80 | 7.00 | 0.20 | 9.00 | 9.00 | 9.00 | 12.00 | 16.00 |
| Other Income | 11.00 | 12.00 | 10.00 | 7.00 | -9.00 | 5.00 | 5.00 | 7.00 | 6.00 |
| Interest | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 | 1.00 |
| Depreciation | 7.00 | 7.00 | 5.00 | 4.00 | 3.00 | 4.00 | 4.00 | 4.00 | 3.00 |
| Profit before tax | 11.00 | 6.00 | 20.00 | 3.00 | 4.00 | 17.00 | 14.00 | 22.00 | 32.00 |
| Tax % | 28.00 | 21.00 | 24.00 | 18.00 | 21.00 | 20.00 | 22.00 | 27.00 | 31.00 |
| Net Profit | 8.00 | 5.00 | 16.00 | 2.00 | 3.00 | 14.00 | 11.00 | 16.00 | 22.00 |
| EPS in Rs | 3.88 | 2.49 | 6.15 | 0.79 | 0.97 | 5.12 | 4.10 | 6.01 | 8.33 |
| Dividend Payout % | 62.00 | 96.00 | 49.00 | 304.00 | 248.00 | 47.00 | 59.00 | 40.00 | 29.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 226.00 | 222.00 | 221.00 | 201.00 | 192.00 | 182.00 | 186.00 | 182.00 | 171.00 |
| Borrowings | 18.00 | 9.00 | 10.00 | 0.00 | 0.00 | 11.00 | 12.00 | 13.00 | 15.00 |
| Other Liabilities | 55.00 | 37.00 | 35.00 | 27.00 | 39.00 | 28.00 | 27.00 | 29.00 | 35.00 |
| Total Liabilities | 304.00 | 274.00 | 271.00 | 234.00 | 237.00 | 226.00 | 230.00 | 228.00 | 226.00 |
| Fixed Assets | 56.00 | 60.00 | 64.00 | 45.00 | 25.00 | 41.00 | 44.00 | 46.00 | 49.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.00 | 19.00 | 10.00 | 1.00 | 0.00 | 0.00 |
| Investments | 139.00 | 128.00 | 122.00 | 112.00 | 91.00 | 79.00 | 96.00 | 104.00 | 90.00 |
| Other Assets | 110.00 | 86.00 | 85.00 | 75.00 | 101.00 | 95.00 | 89.00 | 78.00 | 87.00 |
| Total Assets | 304.00 | 274.00 | 271.00 | 234.00 | 237.00 | 226.00 | 230.00 | 228.00 | 226.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 9.00 | 3.00 | 18.00 | 8.00 | 15.00 | 10.00 | 0.00 | 17.00 | 8.00 |
| Cash from Investing Activity | -10.00 | 1.00 | -11.00 | -3.00 | -9.00 | 3.00 | 10.00 | -8.00 | -15.00 |
| Cash from Financing Activity | 3.00 | -7.00 | -4.00 | -7.00 | -5.00 | -15.00 | -10.00 | -10.00 | 9.00 |
| Net Cash Flow | 2.00 | -3.00 | 3.00 | -1.00 | 1.00 | -2.00 | -1.00 | -1.00 | 2.00 |
| Free Cash Flow | 6.00 | 0.00 | 6.00 | 4.00 | 3.00 | -3.00 | -2.00 | 15.00 | -11.00 |
| CFO/OP % | 150.00 | 305.00 | 139.00 | 3,600.00 | 113.00 | 94.00 | 30.00 | 112.00 | 57.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38.00 | 40.00 | 37.00 | 49.00 | 63.00 | 74.00 | 73.00 | 63.00 | 58.00 |
| Inventory Days | 170.00 | 102.00 | 88.00 | 119.00 | 122.00 | 111.00 | 121.00 | 111.00 | 140.00 |
| Days Payable | 96.00 | 48.00 | 45.00 | 56.00 | 52.00 | 48.00 | 46.00 | 49.00 | 62.00 |
| Cash Conversion Cycle | 112.00 | 94.00 | 80.00 | 113.00 | 134.00 | 137.00 | 147.00 | 125.00 | 136.00 |
| Working Capital Days | 66.00 | 76.00 | 71.00 | 103.00 | 128.00 | 126.00 | 127.00 | 106.00 | 93.00 |
| ROCE % | 5.00 | 3.00 | — | 1.00 | 9.00 | 9.00 | 8.00 | 12.00 | — |
Corporate Actions
36 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 05 Aug 2026 | 05 Aug 2026 | — | 1.50 | |
| Dividend | 14 Nov 2025 | 14 Nov 2025 | — | 0.90 | |
| Dividend | 05 Aug 2025 | 05 Aug 2025 | — | 1.50 | |
| Dividend | 28 Nov 2024 | 28 Nov 2024 | — | 0.90 | |
| Dividend | 09 Aug 2024 | 09 Aug 2024 | — | 2.10 | |
| Dividend | 24 Nov 2023 | 24 Nov 2023 | — | 0.90 | |
| Dividend | 27 Jul 2023 | — | — | 1.50 | |
| Dividend | 18 Nov 2022 | 18 Nov 2022 | — | 0.90 | |
| Dividend | 20 Jul 2022 | — | — | 1.50 | |
| Dividend | 25 Nov 2021 | 26 Nov 2021 | — | 0.90 | |
| Dividend | 22 Sep 2021 | — | — | 1.50 | |
| Dividend | 24 Nov 2020 | 25 Nov 2020 | — | 0.90 | |
| Dividend | 05 Mar 2020 | 06 Mar 2020 | — | 1.50 | |
| Dividend | 25 Nov 2019 | 26 Nov 2019 | — | 0.90 | |
| Dividend | 15 Jul 2019 | — | — | 1.50 | |
| Dividend | 29 Nov 2018 | 30 Nov 2018 | — | 0.90 | |
| Dividend | 06 Aug 2018 | — | — | 1.50 | |
| Dividend | 23 Nov 2017 | 24 Nov 2017 | — | 0.90 | |
| Dividend | 09 Jun 2017 | — | — | 1.50 | |
| Dividend | 10 Nov 2016 | 11 Nov 2016 | — | 0.90 | |
| Dividend | 18 May 2016 | — | — | 1.50 | |
| Dividend | 19 Nov 2015 | 20 Nov 2015 | — | 0.90 | |
| Dividend | 05 Aug 2015 | — | — | 1.50 | |
| Split | 23 Apr 2015 | 24 Apr 2015 | 10:2 | — | |
| Dividend | 10 Oct 2014 | 13 Oct 2014 | — | 4.50 | |
| Dividend | 16 Jul 2014 | — | — | 6.50 | |
| Dividend | 07 Nov 2013 | 08 Nov 2013 | — | 3.50 | |
| Dividend | 08 Jul 2013 | — | — | 5.50 | |
| Dividend | 16 Oct 2012 | 17 Oct 2012 | — | 2.50 | |
| Dividend | 29 Jun 2012 | — | — | 4.50 | |
| Dividend | 18 Oct 2011 | 19 Oct 2011 | — | 1.50 | |
| Dividend | 28 Jul 2011 | — | — | 2.50 | |
| Dividend | 13 Jul 2010 | — | — | 2.50 | |
| Dividend | 28 Oct 2009 | 29 Oct 2009 | — | 1.50 | |
| Dividend | 10 Jul 2009 | — | — | 2.00 | |
| Dividend | 11 Jul 2008 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update25 Aug 2025 from icra
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Rating update20 Feb 2025 from icra
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Rating update8 May 2024 from icra
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Rating update30 Mar 2022 from icra
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Rating update29 Jan 2021 from icra
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Rating update16 Jan 2020 from icra