Elgi Rubber Company Limited (ELGIRUBCO) - Net Assets
Based on the latest financial reports, Elgi Rubber Company Limited (ELGIRUBCO) has net assets worth Rs1.67 Billion INR (≈ $18.03 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.43 Billion ≈ $58.73 Million USD) and total liabilities (Rs3.76 Billion ≈ $40.70 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ELGIRUBCO financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.67 Billion |
| % of Total Assets | 30.7% |
| Annual Growth Rate | -1.82% |
| 5-Year Change | -2.26% |
| 10-Year Change | -31.76% |
| Growth Volatility | 7.53 |
Elgi Rubber Company Limited - Net Assets Trend (2011–2025)
This chart illustrates how Elgi Rubber Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Elgi Rubber Company Limited (ELGIRUBCO) total assets for the complete picture of this company's asset base.
Annual Net Assets for Elgi Rubber Company Limited (2011–2025)
The table below shows the annual net assets of Elgi Rubber Company Limited from 2011 to 2025. For live valuation and market cap data, see ELGIRUBCO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.79 Billion ≈ $19.37 Million |
-5.61% |
| 2024-03-31 | Rs1.90 Billion ≈ $20.52 Million |
+3.09% |
| 2023-03-31 | Rs1.84 Billion ≈ $19.90 Million |
+7.34% |
| 2022-03-31 | Rs1.71 Billion ≈ $18.54 Million |
-6.43% |
| 2021-03-31 | Rs1.83 Billion ≈ $19.82 Million |
-1.24% |
| 2020-03-31 | Rs1.86 Billion ≈ $20.07 Million |
-16.86% |
| 2019-03-31 | Rs2.23 Billion ≈ $24.14 Million |
-6.47% |
| 2018-03-31 | Rs2.39 Billion ≈ $25.81 Million |
-4.10% |
| 2017-03-31 | Rs2.49 Billion ≈ $26.91 Million |
-5.19% |
| 2016-03-31 | Rs2.62 Billion ≈ $28.38 Million |
-1.74% |
| 2015-03-31 | Rs2.67 Billion ≈ $28.88 Million |
-9.75% |
| 2014-03-31 | Rs2.96 Billion ≈ $32.01 Million |
+9.57% |
| 2013-03-31 | Rs2.70 Billion ≈ $29.21 Million |
+8.57% |
| 2012-03-31 | Rs2.49 Billion ≈ $26.90 Million |
+7.40% |
| 2011-03-31 | Rs2.32 Billion ≈ $25.05 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Elgi Rubber Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 137.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs50.05 Million | 2.79% |
| Other Comprehensive Income | Rs1.98 Billion | 110.76% |
| Other Components | Rs1.91 Million | 0.11% |
| Total Equity | Rs1.79 Billion | 100.00% |
Elgi Rubber Company Limited Competitors by Market Cap
The table below lists competitors of Elgi Rubber Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eastern Commercial Leasing Public Company Limited
BK:ECL
|
$29.03 Million |
|
Tysnes Sparebank
OL:TYSB
|
$29.08 Million |
|
ScandBook Holding AB
ST:SBOK
|
$29.09 Million |
|
AQUA SA ZY 16
F:9S0
|
$29.09 Million |
|
Lotus KFM Bhd
KLSE:8303
|
$29.00 Million |
|
TVI Pacific Inc
V:TVI
|
$28.99 Million |
|
Aciselsan Acipayam Seluloz Sanayi Ve Ticaret AS
IS:ACSEL
|
$28.98 Million |
|
Serinus Energy Inc.
WAR:SEN
|
$28.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elgi Rubber Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,897,401,000 to 1,790,924,000, a change of -106,477,000 (-5.6%).
- Net loss of 43,601,000 reduced equity.
- Dividend payments of 159,000 reduced retained earnings.
- Other comprehensive income decreased equity by 62,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-43.60 Million | -2.43% |
| Dividends Paid | Rs159.00K | -0.01% |
| Other Comprehensive Income | Rs-62.90 Million | -3.51% |
| Other Changes | Rs183.00K | +0.01% |
| Total Change | Rs- | -5.61% |
Book Value vs Market Value Analysis
This analysis compares Elgi Rubber Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.16x to 1.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-03-31 | Rs46.28 | Rs53.62 | x |
| 2012-03-31 | Rs49.79 | Rs53.62 | x |
| 2013-03-31 | Rs53.96 | Rs53.62 | x |
| 2014-03-31 | Rs59.13 | Rs53.62 | x |
| 2015-03-31 | Rs53.36 | Rs53.62 | x |
| 2016-03-31 | Rs52.58 | Rs53.62 | x |
| 2017-03-31 | Rs49.72 | Rs53.62 | x |
| 2018-03-31 | Rs47.68 | Rs53.62 | x |
| 2019-03-31 | Rs44.59 | Rs53.62 | x |
| 2020-03-31 | Rs37.07 | Rs53.62 | x |
| 2021-03-31 | Rs36.61 | Rs53.62 | x |
| 2022-03-31 | Rs34.26 | Rs53.62 | x |
| 2023-03-31 | Rs36.77 | Rs53.62 | x |
| 2024-03-31 | Rs37.91 | Rs53.62 | x |
| 2025-03-31 | Rs35.86 | Rs53.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elgi Rubber Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.14%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.90x
- Recent ROE (-2.43%) is below the historical average (-0.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 8.44% | 6.05% | 1.01x | 1.38x | Rs-36.23 Million |
| 2012 | 5.72% | 2.98% | 1.37x | 1.40x | Rs-106.37 Million |
| 2013 | 8.34% | 4.72% | 1.08x | 1.64x | Rs-44.76 Million |
| 2014 | 3.70% | 2.24% | 0.92x | 1.80x | Rs-186.32 Million |
| 2015 | -8.37% | -5.08% | 0.80x | 2.07x | Rs-490.61 Million |
| 2016 | -4.36% | -3.16% | 0.64x | 2.16x | Rs-377.47 Million |
| 2017 | -1.62% | -1.07% | 0.67x | 2.23x | Rs-289.09 Million |
| 2018 | -2.36% | -1.50% | 0.64x | 2.46x | Rs-295.05 Million |
| 2019 | -7.22% | -3.93% | 0.72x | 2.56x | Rs-384.29 Million |
| 2020 | -8.19% | -4.14% | 0.70x | 2.83x | Rs-337.52 Million |
| 2021 | 0.59% | 0.31% | 0.69x | 2.70x | Rs-172.44 Million |
| 2022 | -9.54% | -4.20% | 0.78x | 2.92x | Rs-334.98 Million |
| 2023 | 3.67% | 1.72% | 0.74x | 2.90x | Rs-116.55 Million |
| 2024 | 6.15% | 3.02% | 0.68x | 2.98x | Rs-73.13 Million |
| 2025 | -2.43% | -1.14% | 0.74x | 2.90x | Rs-222.69 Million |
Industry Comparison
This section compares Elgi Rubber Company Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $20,558,196,000
- Average return on equity (ROE) among peers: 17.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elgi Rubber Company Limited (ELGIRUBCO) | Rs1.67 Billion | 8.44% | 2.26x | $29.02 Million |
| Asahi India Glass Limited (ASAHIINDIA) | $12.88 Billion | 11.93% | 2.00x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $937.98 Million |
| Balkrishna Industries Limited (BALKRISIND) | $50.08 Billion | 19.16% | 0.36x | $4.52 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $9.82 Billion | 15.53% | 0.56x | $956.83 Million |
| Bharat Gears Limited (BHARATGEAR) | $393.44 Million | 22.33% | 3.35x | $17.81 Million |
| Bosch Limited (BOSCHLTD) | $47.28 Billion | 23.74% | 0.51x | $11.48 Billion |
| CEAT Limited (CEATLTD) | $5.13 Billion | 28.95% | 2.06x | $1.50 Billion |
| CIE Automotive India Limited (CIEINDIA) | $49.08 Billion | 2.17% | 0.94x | $1.94 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $17.52 Billion | 17.38% | 1.69x | $1.98 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.96 Billion | 12.86% | 0.23x | $238.35 Million |
About Elgi Rubber Company Limited
Elgi Rubber Company Limited, together with its subsidiaries, manufactures and sells reclaimed rubber, retreading machinery, and retread rubber in India and internationally. It offers tire retread and repair systems under the Jet brand name; expandable rims and hubs under the CRS brand; retreat process equipment under the Armonas brand name; and rasp blades and hubs under the Pincott brand name. T… Read more