ELGIRUBCO · Elgi Rubber Company Ltd · Misc. Capital Goods
ELGIRUBCO · Elgi Rubber Company Ltd · Misc. Capital Goods
As of 05 Nov close
52-week range
29.0% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹70 Cr
Revenue YoY
PAT YoY
+2805.3%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.5
P/S (TTM)
0.8
Sector P/E
28.6
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ELGIRUBCO (this stock) | Not meaningful (earnings negative over the last 12 months) | 4.5 | -56.4% | -261.4% | 4.13 | 0.0% |
| Bharat Heavy Electricals | 92.4 | 5.6 | +6.8% | Not available from data source | 0.64 | +0.3% |
| Suzlon Energy | 25.9 | 6.9 | +18.0% | +33.2% | 0.06 | 0.0% |
| Thermax | 97.9 | 8 | +5.5% | +10.7% | 0.42 | +0.4% |
Promoter
stable
FII
stable
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedElgi Rubber Company Limited (ELGIRUBCO) reported no defaults in deposit repayments or interest payments during FY2023-24, maintaining a BBB- credit rating for fixed deposits. The company has no pending insolvency cases, no material regulatory orders, and no unresolved complaints from shareholders. Corporate governance practices, including an audit committee and whistleblower policy, were upheld. A new independent director was appointed, meeting all independence criteria. The company faced no significant legal or compliance issues, and its financial statements were audited without material uncertainties. However, a subsidiary defaulted on a Euro 1.98 million loan, leading to a Standby Letter of Credit (SBLC) invocation by the bank.
- No defaults in deposit repayments or interest payments during FY2023-24.
- No pending insolvency cases or material regulatory orders.
- New independent director appointed, meeting all independence criteria.
- Subsidiary defaulted on Euro 1.98 million loan, invoking SBLC.
- Credit rating for fixed deposits remains BBB- with Negative Outlook.
Key takeaway: Elgi Rubber maintained strong compliance and no major defaults, but a subsidiary's loan default introduces potential liquidity risk.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Regulatory Action (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceEarlier (1-3 years ago)
The auditor identified the evaluation of uncertain tax positions as a key audit matter due to significant judgment required in determining the possible outcome of disputes, which impacted the standalone financial statements.
Regulatory Action
1 occurrenceRecent (last 12 months)
The company was fined Rs. 11,800 by NSE for non-compliance with Regulation 29(1) of SEBI's LODR Regulations, 2015, regarding failure to include dividend consideration in the Board meeting agenda intimation.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor has audited the internal financial controls with reference to the financial statements of Elgi Rubber Company Limited as of and for the year ended March 31, 2025.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities related to income tax, excise and service tax, and sales tax matters, though specific amounts are not disclosed.
Earlier (1-3 years ago)
The company has extended corporate guarantees against credit facilities granted to its subsidiary companies, including step-down subsidiaries, with outstanding amounts against these credit facilities.
The company has extended corporate guarantees against credit facilities granted to its subsidiary companies, including step-down subsidiaries, with outstanding amounts secured by various assets and a corporate guarantee from LRG Technologies Limited.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has conducted transactions with related parties including Elgi Ultra Private Limited, LRG Technologies Limited, Festo India Private Limited, and Industrial Air Solutions LLP, involving the purchase of goods and income from sale of goods during the year 2025-26.
Earlier (1-3 years ago)
Elgi Rubber Company Limited is seeking approval to enter into material related party transactions with LRG Technologies Limited, a related party.
The company has conducted transactions with related parties including Elgi Equipments Limited, LRG Technologies Limited, and others, involving the sale and purchase of goods and rendering of services during the year.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has disputed statutory dues pending before various authorities, including ITAT and CESTAT, with amounts ranging from 2004-05 to 2021-22.
Earlier (1-3 years ago)
The company has disputed statutory dues pending before various authorities, including CESTAT and Commissioner (Appeals), with amounts and specific financial years listed.
The company has disputed statutory dues pending in various forums, including income tax, excise duty, service tax, and VAT disputes, with amounts ranging from 2014-15 to 2016-17, pending before authorities like CESTAT and Commissioner (Appeals).
Management & Board Governance
2 occurrencesRecent (last 12 months)
R. Vidhya Shankar resigned as Non-Executive Independent Director on 4th June 2025 due to a potential conflict of interest arising from his continued position as an Independent Director on the Board of Karur Vysya Bank Limited.
Earlier (1-3 years ago)
G Sasikumar, Company Secretary and Compliance Officer, resigned on June 07, 2023, and was replaced by Faizur Rehman Allaudeen, appointed on August 10, 2023.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
14.37% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).