Indag Rubber Ltd. News and Updates

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

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Indag Rubber Ltd.

25 Oct 2016

121.40

0.33%

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 -47.74% in the last 1 Year

Is Indag Rubber Ltd. worth buying?

31 Votes:

Buy 77.42%

Sell 12.9%

Hold 9.68%

50.04% Fall from 52W High

Indag Rubber Ltd. News and Updates

Keep track of all breaking news on Indag Rubber Ltd. from all sources in a single place.