Indag Rubber Ltd (INDAG) — shareholding pattern, promoter holding, financials and share price
About Indag Rubber Ltd (INDAG)
Indag Rubber Ltd operates in the Tyres & Rubber Products industry, within the Automobile and Auto Components sector. It trades on the NSE as INDAG and on the BSE under scrip code 509162. Its ISIN is INE802D01023.
Incorporated in 1978, INDAG Rubber Ltd manufactures and sells Precured Tread Rubber and allied products [1]
Indag Rubber Limited, founded in 1978, specializes in manufacturing and selling precured tread rubber and related products, focusing on tyre retreading solutions. The company has a robust retail network of franchises across India, emphasizing sustainability and cost-effectiveness.
In Q2 FY26, Indag Rubber reported a 15% QoQ growth in revenue, reaching ₹55 crore, driven by improved sales mix and cost optimization, which led to a 300 bps increase in EBITDA margins.
Listed peers in Tyres & Rubber Products: Tolins Tyres Ltd, Modi Rubber Ltd, Dolfin Rubbers Ltd, Innovative Tyres & Tubes Ltd, Tirupati Innovar Limited, M M Rubber Co Ltd.
Valuation & Returns
10 Jul 2026At ₹97.95 a share on 10 Jul 2026, Indag Rubber Ltd (INDAG) was valued at a price-to-earnings ratio of 31.9x against an industry P/E of 37.75x and a price-to-book of 1.13x on a book value of ₹86.7 per share as of Mar 2025. Solomo computes return on equity of 3.54% and return on capital employed of 5.2% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 31.9x
- Industry P/E
- 37.75x
- P/B
- 1.13x
- EPS (TTM)
- ₹3.07
- Book value / share
- ₹86.7
- ROE
- 3.54%
- ROCE
- 5.2%
- ROA
- 2.93%
- Debt / equity
- 0.04x
- Dividend yield
- 2.45%
- EBITDA margin
- 8.9%
- 52-week range
- ₹77.36 – ₹142.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Indag Rubber Ltd (INDAG) reported revenue of ₹215 crore, net profit of ₹8 crore and earnings per share of ₹3.88. That compares with revenue of ₹228 crore and net profit of ₹5 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹60.79 crore and net profit ₹1.83 crore (consolidated).
| Metric | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 170 | 167 | 251 | 228 | 215 |
| Net profit (₹ cr) | 3 | 2 | 16 | 5 | 8 |
| EPS (₹) | 0.97 | 0.79 | 6.15 | 2.49 | 3.88 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -1.38% | 3.78% | 10.43% | -9.06% |
| Profit growth | -13.78% | -8.71% | 48.10% | -69.70% |
| Stock price CAGR | -6% | -1% | -9% | -29% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 73.34% of Indag Rubber Ltd (INDAG) (unchanged from the previous quarter). Market capitalisation was ₹257 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: TEJAS B. TRIVEDI 3.47%, SUNIT DHANSUKHLAL PARIKH 1.35%, PANKAJ DILIP PVT LTD 1.26%, INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS 1.21%, HUF 1.13%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 73.34% | - | - | - | 26.66% |
| Mar 2026 | 73.34% | - | - | - | 26.66% |
| Dec 2025 | 73.34% | - | - | - | 26.66% |
| Sep 2025 | 73.34% | - | - | - | 26.66% |
| Jun 2025 | 73.34% | - | - | - | 26.66% |
| Mar 2025 | 73.34% | - | - | - | 26.66% |
| Dec 2024 | 73.34% | - | - | - | 26.66% |
| Sep 2024 | 73.34% | - | - | - | 26.66% |