Name: Latest research reports of Indag Rubber Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: Indag Rubber Ltd.
Rating: 3
Author: IDBI Capital

Indag Rubber Ltd.

BSE: 509162

Mid-range Performer

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147.40 5.85 (4.13%)

52.14% Fall from 52W High

12,237 BSE Volume

BSE 17 Apr, 2025 2:38 PM (IST)

386.9

Market Cap

Below industry Median

1.0

Beta 1Year

Average volatility

Board Meeting

The next board meeting for Indag Rubber Ltd. is on 21 Apr 2025 for the purpose of Audited Results & Final Dividend See details

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Indag Rubber Ltd.

25 Oct 2016

147.40

4.13%

Company Outlook on Indag Rubber Ltd

Neutral: Indag Rubber Ltd.

IDBI Capital

About the company: Indag Rubber was founded by the Khemka Group in 1978 as a JV with Bandag group. The JV ended in 2006 with the promoters buying the stake. The company is in the business of retreading tyres (87%), mainly for Commercial Vehicles in the domestic market. Retreading is a technology where old tyres are made serviceable by removing worn out/damaged treads and replacing it with new treads. Indag has an ~9% market share (2nd largest) in an industry worth an estimated ~31bn p.a. 40-45% of the market is unorganized. Indag recently expanded its capacity (plant in Himachal Pradesh) from 13,800 MT to 20,000 tonnes, at a cost of Rs70mn. Rationale of Retreading: 1. 30-50% of the cost of a new tyre with nearly an equivalent life2.Tested...

Indag Rubber Ltd. has lost -28.17% in the last 6 Months

Is Indag Rubber Ltd. worth buying?

31 Votes:

Buy 77.42%

Sell 12.9%

Hold 9.68%

52.14% Fall from 52W High

Indag Rubber Ltd. News and Updates

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