---
title: "Elgi Rubber Company Ltd (Merged) (ELGIRUBBER) — Share Price, Financials & Analysis"
symbol: "ELGIRUBBER"
company: "Elgi Rubber Company Ltd (Merged)"
canonical: "https://tapetide.com/stocks/ELGIRUBBER"
generated_at: "2026-10-13T11:01:35.917Z"
---

# Elgi Rubber Company Ltd (Merged) (ELGIRUBBER)

Canonical page: https://tapetide.com/stocks/ELGIRUBBER

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** elgitread.co.in

## About

Elgi Rubber Company Limited (Merged), incorporated in India, listed on the Bombay Stock Exchange Limited, the company is engaged in providing solutions to the rubber industry

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 18.3%

### Weaknesses

- Company has a low return on equity of 5.54% over last 3 years.
- Earnings include an other income of Rs.5.18 Cr.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -44% | -23% |
| revenue growth | 24% | -24% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Sales | 136.37 | 161.06 | 63.42 | 56.4 | 70.11 |
| Expenses | 129.63 | 151.35 | 58.7 | 50.86 | 65.28 |
| Operating Profit | 6.74 | 9.71 | 4.72 | 5.54 | 4.83 |
| OPM % | 4.94 | 6.03 | 7.44 | 9.82 | 6.89 |
| Other Income | 12.55 | 8.78 | 5.31 | 6.16 | 5.18 |
| Interest | 0.08 | 0.6 | 0.62 | 0.31 | 0.11 |
| Depreciation | 5.1 | 4.65 | 3.13 | 2.43 | 4.47 |
| Profit before tax | 14.11 | 13.24 | 6.28 | 8.96 | 5.43 |
| Tax % | 22.89 | 34.14 | 5.25 | 35.71 | 34.25 |
| Net Profit | 10.88 | 8.72 | 5.95 | 5.76 | 3.57 |
| EPS in Rs | — | — | — | 0.54 | 0.33 |
| Dividend Payout % | 17.7 | 17.18 | 6.43 | 18.58 | 29.97 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.28 | 4.28 | 4.28 | 10.7 | 10.7 |
| Reserves | 137.75 | 144.45 | 66.06 | 73.2 | 76.78 |
| Borrowings | 0 | 0 | 1.67 | 0 | 0 |
| Other Liabilities | 37.66 | 31.12 | 45.76 | 9.47 | 9.57 |
| Total Liabilities | 179.69 | 179.85 | 117.77 | 93.37 | 97.05 |
| Fixed Assets | 44.06 | 48.52 | 31.43 | 36.99 | 50.08 |
| CWIP | 2.47 | 0 | 0 | 5.97 | 0.08 |
| Investments | 10.76 | 6.36 | 27.27 | 15.45 | 2.94 |
| Other Assets | 122.4 | 124.97 | 59.07 | 34.96 | 43.95 |
| Total Assets | 179.69 | 179.85 | 117.77 | 93.37 | 97.05 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -13.85 | 5.1 | -6.23 | -1.13 | -3.24 |
| Cash from Investing Activity | 7.89 | 3.19 | 0.54 | -1.75 | 3.5 |
| Cash from Financing Activity | -2.99 | -2.8 | -2.34 | -1.56 | -1.38 |
| Net Cash Flow | -8.95 | 5.49 | -8.03 | -4.44 | -1.12 |
| Free Cash Flow | -22.52 | -0.19 | -8.58 | -15.68 | -13.71 |
| CFO/OP | -138 | 90 | -109 | 36 | -29 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 78.8 | 82.88 | 69.12 | 43.94 | 62.73 |
| Inventory Days | 195.98 | 141.66 | 169.18 | 145.52 | 134.97 |
| Days Payable | 32.25 | 20.16 | 147.54 | 25.51 | 20.93 |
| Cash Conversion Cycle | 242.52 | 204.38 | 90.76 | 163.95 | 176.78 |
| Working Capital Days | 188.46 | 171.21 | 71.94 | 119.85 | 147.28 |
| ROCE % | — | 7.57 | 5.72 | 11.19 | 5.58 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 7 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 117.62 | Sell |
| EMA (10) | 116.1 | Buy |
| SMA (20) | 112.85 | Buy |
| EMA (20) | 112.89 | Buy |
| SMA (50) | 104.78 | Buy |
| EMA (50) | 106.56 | Buy |
| SMA (100) | 99.06 | Buy |
| EMA (100) | 101.87 | Buy |
| SMA (200) | 95.85 | Buy |
| EMA (200) | 99.02 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.18 | Neutral |
| MACD (12,26,9) | 4.32 | Sell |
| Stochastic (14,3,3) | 50.12 | Neutral |
| ADX (14) | 24.29 | Neutral |
| Williams %R (14) | -46.26 | Neutral |
| ATR (14) | 6.01 | High Volatility |
| ROC (12) | 10.73 | Buy |
| Stoch RSI (14) | 24.23 | Neutral |
| UO (7,14,28) | 54.31 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2016 | [Annual Report 2016](https://archives.nseindia.com/annual_reports/AR_9774_ELGIRUBCO_2015_2016_23092016190901.zip) |
| 2015 | [Annual Report 2015](https://archives.nseindia.com/annual_reports/AR_7548_ELGIRUBCO_2014_2015_01092015122501.zip) |
| 2014 | [Annual Report 2014](https://archives.nseindia.com/annual_reports/AR_5492_ELGIRUBCO_2013_2014_17092014185335.zip) |
| 2013 | [Annual Report 2013](https://archives.nseindia.com/annual_reports/AR_865_ELGIRUBCO_2012_2013_06082013112355.zip) |
| 2012 | [Annual Report 2012](https://archives.nseindia.com/annual_reports/AR_ELGIRUBCO_2011_2012_25092012112929.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:35.917Z.