Indag Rubber Ltd.

BSE: INDAG509162ISIN INE802D01023

Consumer Discretionary
Tyres & Rubber Products

Share price

₹103.75+0.50 (+0.48%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹146.75
52W low: ₹77.36
Off 52W high: -29.30%
1M return: +0.63%
3M return: +8.67%
6M return: +12.78%
1Y return: -18.91%
20D avg volume: 3,340
50 DMA: ₹111.78
200 DMA: ₹100.40

Key ratios Consolidated

Market cap: ₹272.34 Cr
Current price: ₹103.75
52W high / low: ₹146.75 / ₹77.36
Face value: ₹2.00
P/E: 22.23
P/B: 1.18
EPS (TTM): ₹4.67
Book value / share: ₹87.97
ROE: —
ROCE: 5.00%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹6.26 Cr
Interest cover: 10.35
Dividend yield: 2.31%
Dividend / share (TTM): ₹2.40
Payout: 51.39%
Cash conversion cycle: 88.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	70.09	60.79	56.18	52.53	45.01	55.07	55.69	62.09	55.57	—
	3.06	2.32	2.55	2.64	2.88	2.71	2.58	4.16	2.37	—
	73.15	63.11	58.73	55.17	47.88	57.77	58.27	66.25	57.94	—
	66.42	60.26	55.35	51.48	46.69	57.24	57.95	62.55	56.54	—
	57.98	39.36	31.70	35.69	30.03	37.33	43.23	39.22	39.60	—
	1.85	1.91	2.06	2.35	1.70	1.95	2.17	1.55	1.29	—
	6.99	7.19	6.77	6.64	6.42	6.59	7.17	7.39	7.24	—
	0.38	0.51	0.20	0.25	0.23	0.23	0.25	0.25	0.25	—
	1.60	1.58	1.72	1.76	1.71	1.66	1.68	1.66	1.62	—
	8.45	9.37	7.67	7.56	6.94	8.36	7.83	8.60	9.08	—
	6.74	2.86	3.38	3.69	1.20	0.53	0.32	3.70	1.40	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	6.74	2.86	3.38	3.69	1.20	0.53	0.32	3.70	1.40	—
	1.70	1.03	0.86	0.83	0.35	0.02	0.20	0.60	0.42	—
	5.04	1.83	2.52	2.86	0.85	0.51	0.13	3.10	0.98	—
	1.93	1.02	1.12	1.23	0.51	0.41	0.17	1.34	0.56	—
Key metrics
	8.72	4.95	5.30	5.70	3.14	2.42	2.25	5.61	3.27	—
	12.40%	8.10%	9.40%	10.90%	7.00%	4.40%	4.00%	9.00%	5.90%	—
	7.20%	3.00%	4.50%	5.40%	1.90%	0.90%	0.20%	5.00%	1.80%	—
	—	1.40%	—	1.60%	—	0.30%	—	—	—	—
	55.70%	10.40%	0.90%	-15.40%	-19.00%	—	—	—	—	—
	492.90%	258.80%	1,838.50%	-7.70%	-13.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	239.59	214.51	228.42	—
	10.57	10.34	11.81	—
	250.16	224.85	240.23	—
	233.51	213.72	234.28	—
	164.73	136.78	159.38	—
	8.17	8.03	6.96	—
	27.59	27.02	28.39	—
	1.34	1.19	0.99	—
	6.66	6.77	6.62	—
	33.05	31.50	33.88	—
	16.67	11.13	5.96	—
	0.00	0.00	0.00	—
	16.67	11.13	5.96	—
	4.42	3.06	1.24	—
	12.25	8.06	4.72	—
	5.30	3.88	2.49	—
Key metrics
	24.67	19.09	13.57	—
	10.30%	8.90%	5.90%	—
	5.11%	3.80%	2.10%	—
	—	5.00%	2.80%	—
	9.97%	-6.10%	—	—
	166.88%	70.80%	—	—
	—	6.07	-0.58	—
	—	1.13	0.69	—
	—	0.04	0.00	—
	—	6.26	-1.89	—
	—	88.8	78.7	—
Balance sheet
	—	306.33	275.41	—
	—	157.08	115.03	—
	—	3.82	1.89	—
	—	22.30	25.11	—
	—	68.76	45.83	—
	—	6.94	8.21	—
	—	37.41	40.59	—
	—	38.87	21.64	—
	—	60.90	30.14	—
	—	10.08	0.00	—
	—	10.08	0.00	—
	—	0.00	0.00	—
	—	233.74	231.55	—
Cash flow
	—	9.10	3.28	—
	—	-10.18	1.29	—
	—	3.02	-7.18	—
	—	3.03	3.86	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	57.55	60.79	56.12	52.33	45.01	55.06	53.24	60.98	55.53	—
	2.90	2.38	2.62	2.67	2.95	2.80	2.62	4.21	2.43	—
	60.45	63.16	58.74	55.00	47.96	57.86	55.85	65.19	57.96	—
	53.66	58.24	54.34	50.40	45.56	55.88	54.80	60.44	55.34	—
	43.29	37.53	31.69	35.64	30.03	37.32	41.34	39.23	39.50	—
	1.85	1.91	2.06	2.35	1.70	1.95	2.17	1.55	1.29	—
	6.24	6.60	6.34	6.21	5.94	6.10	6.72	6.93	6.87	—
	0.12	0.11	0.12	0.12	1.43	0.13	0.14	1.39	0.14	—
	1.30	1.29	1.43	1.47	0.13	1.38	1.40	0.14	1.36	—
	7.96	8.65	7.46	7.38	6.68	7.87	7.41	8.20	8.73	—
	6.78	4.93	4.41	4.60	2.40	1.99	1.05	4.75	2.62	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	6.78	4.93	4.41	4.60	2.40	1.99	1.05	4.75	2.62	—
	1.71	1.38	1.04	0.99	0.56	0.34	0.25	0.78	0.62	—
	5.08	3.55	3.37	3.62	1.84	1.65	0.80	3.97	2.00	—
	1.93	1.35	1.28	1.38	0.70	0.63	0.30	1.51	0.76	—
Key metrics
	8.20	6.33	5.96	6.19	3.96	3.50	2.59	6.28	4.12	—
	14.20%	10.40%	10.60%	11.80%	8.80%	6.40%	4.90%	10.30%	7.40%	—
	8.80%	5.80%	6.00%	6.90%	4.10%	3.00%	1.50%	6.50%	3.60%	—
	—	2.10%	—	1.90%	—	0.90%	—	—	—	—
	27.90%	10.40%	5.40%	-14.20%	-18.90%	—	—	—	—	—
	176.10%	115.20%	321.30%	-8.80%	-8.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	226.79	214.24	224.82	—
	10.57	10.56	12.08	—
	237.35	224.81	236.90	—
	216.64	208.47	226.48	—
	148.15	134.90	157.40	—
	8.17	8.02	6.96	—
	25.39	25.09	26.62	—
	0.47	0.47	0.55	—
	5.49	5.63	5.52	—
	31.45	30.11	32.24	—
	20.72	16.34	10.41	—
	0.00	0.00	0.00	—
	20.72	16.34	10.41	—
	5.12	3.96	2.00	—
	15.62	12.38	8.42	—
	5.94	4.72	3.21	—
Key metrics
	26.68	22.44	16.48	—
	11.76%	10.50%	7.30%	—
	6.89%	5.80%	3.70%	—
	—	6.90%	4.60%	—
	5.83%	-4.70%	—	—
	89.10%	47.00%	—	—
	—	17.23	4.13	—
	—	1.59	0.77	—
	—	0.00	0.00	—
	—	-3.62	-1.28	—
	—	74.1	79.5	—
Balance sheet
	—	278.52	269.35	—
	—	132.62	112.59	—
	—	3.62	1.28	—
	—	22.19	25.11	—
	—	47.21	45.16	—
	—	4.40	6.96	—
	—	28.40	30.87	—
	—	25.86	21.30	—
	—	34.59	29.20	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	235.63	230.08	—
Cash flow
	—	19.71	6.51	—
	—	-10.05	0.72	—
	—	-7.32	-8.90	—
	—	2.48	2.38	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +5.83%
Profit YoY (TTM): +89.10%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +9.97%
Profit YoY (TTM): +166.88%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 73.32%

Quarter	September 2026	June 2026
Promoter %	73.32%	73.32%

Holder	Type	Holding	Previous	Change
JEET NABHA KHEMKA	Promoter	33.37%	33.37%	0.00%
KHEMKA AVIATION PVT LTD	Promoter	23.89%	23.89%	0.00%
UDAY HARSH KHEMKA (Jointly with Nitya Mohan Khemka)	Promoter	4.76%	—	—
URVASHI RAJYA LAXMI RANA KHEMKA (Jointly with Shiv Vikram Khemka)	Promoter	4.76%	—	—
UNIPATCH RUBBER LTD	Promoter Group	4.52%	4.52%	0.00%
TEJAS B. TRIVEDI	Public	3.47%	3.47%	0.00%
SUN LONDON LIMITED	Promoter Group	1.43%	1.43%	0.00%
SUNIT DHANSUKHLAL PARIKH	Public	1.37%	1.35%	+0.02%
PANKAJ DILIP PVT LTD	Public	1.26%	1.26%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.23%	1.21%	+0.02%
SUN SECURITIES LIMITED	Promoter Group	0.52%	0.52%	0.00%
NAND LAL KHEMKA	Promoter	0.07%	0.07%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
M.R.F. Ltd.	50,029	1,17,961.35	20.72	15.60%	+11.37% TTM	+34.26% TTM	-25.29%
Balkrishna Industries Ltd.	43,378	2,243.90	30.86	14.00%	+9.78% TTM	-3.28% TTM	-5.11%
Apollo Tyres Ltd	25,572	402.65	14.67	8.00%	+13.84% TTM	+119.81% TTM	-22.89%
Ceat Ltd.	13,806	3,413.10	26.80	17.60%	+24.48% TTM	+4.34% TTM	-14.74%
JK Tyre & Industries Ltd.	9,597	332.90	19.39	13.90%	+12.54% TTM	-8.61% TTM	-26.61%
TVS Srichakra Ltd.	3,241	4,232.30	35.13	9.40%	+18.56% TTM	+245.38% TTM	+1.27%
Goodyear India Ltd. S	1,534	665.10	28.46	13.00%	+0.82% TTM	+21.95% TTM	-32.55%
MEGAMONT LIMITED	575	199.00	—	26.80%	—	—	+213.58%
Tolins Tyres Limited	326	82.56	10.01	12.80%	+3.52% TTM	-16.64% TTM	-57.18%
Indag Rubber Ltd.	272	103.75	22.23	5.00%	+9.97% TTM	+166.88% TTM	-18.91%
Modi Rubber Ltd.	266	106.30	29,577.07	-2.20%	+12.95% TTM	-99.95% TTM	-18.45%
Dolfin Rubbers Limited S	175	174.60	28.21	15.10%	+25.42% TTM	+27.98% TTM	-0.40%
TIRUPATI INNOVAR LIMITED S	43	6.02	22.30	1.40%	+1,108.55% TTM	-33.33% TTM	—
M.M. Rubber Company Ltd. S	36	58.45	171.91	-4.40%	+5.46% TTM	+104.64% TTM	-38.45%
Cochin Malabar Estates & Indus. Ltd S	23	132.10	-46.19	10.50%	-100.00% TTM	-135.97% TTM	-9.46%
Vamshi Rubber Ltd. S	16	37.13	-161.43	14.90%	-10.74% TTM	-111.25% TTM	-27.28%
Eastern Treads Ltd. S	15	29.50	245.83	-938.50%	-4.58% TTM	+103.37% TTM	-3.02%

Filings & corporate actions

Recent announcements

Indag Rubber Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve Audited Financial Results (Standalone ....27 Oct 2026 · Board Meeting / Board Meeting
RTA Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Extract of Public Notice regarding opening of special window for transfer and dematerialization of physical securities.1 Oct 2026 · Company Update / Newspaper Publication
Credit Rating re-affirmed by ICRA on 29.09.2026.29 Sep 2026 · Company Update / Credit Rating
Receipt of Show Cause Notice from office of Joint Commissioner of Commercial Taxes, Bhiwadi, Rajasthan.25 Sep 2026 · Company Update / General
Intimation of Closure of Trading Window.23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Receipt of Show Cause Notice from Office of Assistant Commissioner of Commercial Taxes, Bengaluru, Karnataka u/s 73 of KGST/ CGST Act, 2017.21 Sep 2026 · Company Update / General
Newspaper Publication pursuant to transfer of shares to IEPF Authority.15 Sep 2026 · Company Update / General
Transcript of 47th AGM of Company held on August 12, 2026.19 Aug 2026 · Company Update / General
Investor Presentation for Q1 FY 202717 Aug 2026 · Company Update / Investor Presentation
Press Release for Q1-FY 2027 Financial Results17 Aug 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for the quarter ended June 30, 2026.13 Aug 2026 · Result / Financial Results
Unaudited Financial Results (standalone & consolidated) for the quarter ended June 30, 2026.13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Voting Results and Scrutinizer''s Report of 47th AGM held on August 12, 2026.12 Aug 2026 · AGM/EGM / AGM
Proceedings of 47th AGM.12 Aug 2026 · AGM/EGM / AGM
Newspaper Extract of Public Notice regarding opening of special window for Transfer & Dematerialisation of Physical Securities.5 Aug 2026 · Company Update / Newspaper Publication
Indag Rubber Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve unaudited financial results (standalone ....31 Jul 2026 · Board Meeting / Board Meeting
Letter to those Shareholders whose e-mail ID is not registered with the Company, containing weblink and the exact path, to access the Annual Report for FY 2025-26.21 Jul 2026 · Company Update / General
Intimation of record date for payment of final dividend for FY 2025-26.21 Jul 2026 · Corp. Action / Record Date
Extract of Newspaper Publication - Post-Dispatch intimation of Notice to shareholders regarding 47th AGM of the Company.21 Jul 2026 · Company Update / Newspaper Publication
Notice convening the Forty-Seventh (47th) Annual General Meeting (''''Notice'''') for the financial year 2025-26, and the Annual Report of the Company.20 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice of Forty-Seventh (47th) Annual General Meeting of the Company for the FY 2025-26 along with the Annual Report is attached.20 Jul 2026 · AGM/EGM / AGM
Extract of Newspaper Publication - Pre-Dispatch Intimation of Notice to Shareholders regarding convening of AGM through VC/OAVM.11 Jul 2026 · Company Update / Newspaper Publication
RTA Certificate under Reg. 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended June 30, 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Reply to the clarification sought by the Exchange from the Company regarding Price Movement.3 Jul 2026 · Company Update / General
The Exchange has sought clarification from Indag Rubber Ltd on July 2, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....2 Jul 2026 · Company Update / Clarification
Intimation of Closure of Trading Window.22 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Revised outcome - Intimation of AGM Date and Record Date for Final Dividend.22 Jun 2026 · Company Update / Revision of outcome
Investor Presentation for Q4 FY26.4 Jun 2026 · Company Update / Investor Presentation
Press Release for Q4 & FY26 Financial Results.3 Jun 2026 · Company Update / Press Release / Media Release
Newspaper Extract of Public Notice.2 Jun 2026 · Company Update / General
Approval of investment in share capital of the Subsidiary Company, in one or more tranches28 May 2026 · Company Update / General
Appointment of Cost Auditors and Internal Auditors for FY 2026-2728 May 2026 · Company Update / General
Re-appointment of Mr. Raj Kumar Agrawal as Independent Director of the Company for second term of five (5) consecutive years, commencing from June 15, 2026.28 May 2026 · Company Update / General
Audited financial results for the quarter and period ended March 31, 2026.28 May 2026 · Result / Financial Results
Approval of Dividend.28 May 2026 · Corp. Action / Dividend
Outcome of Board Meeting held on May 28, 2026.28 May 2026 · Board Meeting / Outcome of Board Meeting
The Board Meeting to be held on 22/05/2026 has been revised to 28/05/2026 The Board Meeting scheduled to be held on May 22, 2026, has been postponed & rescheduled to be held on May 28, 2026.13 May 2026 · Company Update / Board Meeting Rescheduled
Annual Secretarial Compliance Report for FY 2025-2026.7 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Indag Rubber Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2026 ,inter alia, to consider and approve audited financial results (standalone ....27 Apr 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.5000	5 Aug 2026	5 Aug 2026	—
Interim Dividend - Rs. - 0.9000	14 Nov 2025	14 Nov 2025	—
Final Dividend - Rs. - 1.5000	5 Aug 2025	5 Aug 2025	—
Interim Dividend - Rs. - 0.9000	28 Nov 2024	28 Nov 2024	—
Final Dividend - Rs. - 2.1000	9 Aug 2024	9 Aug 2024	—

Board meetings

6 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results