INDAG Rubber

Delhi, India Founded: 1978 • Age: 48 yrs Listed
Tread rubber, strip gum, and spray cement are manufactured.

About INDAG Rubber

INDAG Rubber is a publicly listed company based in Delhi (India) founded in 1978. Tread rubber, strip gum, and spray cement are manufactured. It operates in the Transportation, Automotive & Logistics and Environment sectors. The company has 288 employees. Its chief executive, as recorded, is Vijay Shrinivas. Its Indian entity Indag Rubber Limited reported revenue of β‚Ή225 Cr. Its focus areas include Waste & Water Management, Waste Management, Treatment and Recycling. Its competitors include Elgi Rubber, MRL Tyres and Manjunath Rubber.

Company details

INDAG Rubber was established in 1978 in Delhi, India, within the rubber manufacturing sector. Tread rubber, strip gum, and spray cement are produced as core products. Operations are centered on these items for industrial applications. The company is led by Nand Lal Khemka as Chairman and Managing Director, alongside Vijay Shrinivas as CEO. Focus remains on domestic production and related services in the region.

  • Headquarters Delhi, India
  • Employees 288
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
    Environment
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website indagrubber.com
  • Social LinkedIn X Facebook YouTube
  • Legal Name Indag Rubber Limited
Key Metrics
  • Market Cap
    ₹262 Cr

    INDAG · BSE

  • Share Price
    ₹99.95

    0.00% today

  • Revenue
    ₹215 Cr

    FY 2025-26 · -6.1% YoY

  • EBITDA
    ₹8.41 Cr

    Margin 3.9%

  • Net Profit
    ₹10.19 Cr

    FY 2025-26 · +58.2% YoY

  • P/E (TTM)
    20.0x

    P/B 1.2x

  • ROE
    3.5%

    ROCE 5.1%

  • Debt / Equity
    0.06

    Interest cover 81.7x

  • Employee Count
    288

Board of directors of Indag Rubber Limited (INDAG Rubber)

Indag Rubber Limited is the primary company behind INDAG Rubber. The board of Indag Rubber Limited currently have 8 directors; the longest-serving is Nand Lal Khemka, appointed in 1978. 15 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Nand Lal Khemka
DIN 00211084
Managing Director02 Jun 197848 yrs 4 moIndag Rubber Limited
Uday Harsh Khemka
DIN 00323609
Director08 Oct 201412 yrsIndag Rubber Limited
Shiv Vikram Khemka
DIN 01214671
Director14 Aug 201511 yrs 2 moIndag Rubber Limited
Raj Kumar Agrawal
DIN 00177578
Director15 Jun 20215 yrs 4 moIndag Rubber Limited
Sushil Kumar Dalmia
DIN 00061625
Director24 May 20233 yrs 5 moIndag Rubber Limited
Nikhil Khanna
DIN 01029665
Director01 Apr 20242 yrs 6 moIndag Rubber Limited
Ranjana Agarwal
DIN 03340032
Director01 Apr 20242 yrs 6 moIndag Rubber Limited
Vijay Shrinivas
DIN 08337007
Whole-time director01 Jun 20242 yrs 4 moIndag Rubber Limited

People of INDAG Rubber

8 people are tracked at INDAG Rubber (5 in leadership, 3 in team); the tracked headcount is 288.

NameRoleGroup
Chairman & Managing Director & CSRLeadership
CEO & CSRLeadership
Anil Bhardwaj
General Manager (finance)Leadership
Sourav Sarkar
Deputy General Manager (ceo Office)Leadership
Rohit Kapoor
Sr. General ManagerLeadership
Arup Sarkar
Sales Team LeaderTeam
R Muralidharan
Zonal Manager - Sales & MarketingTeam
Vikram Manda
Project ManagerTeam
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Complete people profiles for INDAG Rubber

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  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of INDAG Rubber

INDAG Rubber is a publicly listed company on the BSE with ticker symbol INDAG in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date16 Jul 2001
  • Listed onBOM: 509162
  • Listed entityIndag Rubber Limited
  • Exchange sectorProducer manufacturing
  • ISININE802D01023
  • Share price₹103.40 (+1.52% on the day) · 2026-10-14
  • Market capitalisation₹267 Cr
  • Price to earnings19.5
  • EPS (diluted, trailing year)₹5.30
  • Dividend yield2.36%
  • Volume (last session)639

Financials of INDAG Rubber

Exchange-reported figures of Indag Rubber Limited, the listed company behind INDAG Rubber (BSE: INDAG).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹215 Cr
-6.1% YoY
EBITDA
₹8.41 Cr
+340.3% YoY
Profit After Tax
₹10.19 Cr
+58.2% YoY
Net Worth
₹231 Cr
+1.5% YoY
Total Assets
₹253 Cr
+4.5% YoY
Total Debt
₹18.04 Cr
+92.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income statement
Revenue215228251167170187173
Revenue growth-6.1%-9.1%--1.7%-9.1%+7.9%-
EBITDA8.411.9116.740.252.6316.1314.67
EBITDA margin+3.9%+0.8%+6.7%+0.2%+1.6%+8.6%+8.5%
Profit before tax11.125.9520.442.503.5517.1514.14
Net profit10.196.4416.172.0012.0113.4310.82
Net profit margin+4.8%+2.8%+6.4%+1.2%+7.1%+7.2%+6.3%
EPS (β‚Ή)3.882.496.150.790.975.134.09
Balance sheet
Total assets253242241207202202206
Net worth231228226207198187191
Total debt18.049.3910.050.000.0010.8711.82
Cash & bank4.953.186.072.433.644.836.50
Net working capital54.5551.7255.8249.4563.1370.3167.63
Cash flow
Cash from operations9.103.2817.638.0915.0110.460.11
Cash from investing(10.18)1.29(11.20)(2.62)(9.00)2.599.82
Cash from financing3.02(7.18)(3.68)(6.54)(4.72)(14.68)(10.47)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue70.0960.7956.1852.5345.0155.0755.6962.09
Revenue growth (YoY)+55.7%+10.4%+0.9%-15.4%-19.0%---
Other income3.062.322.552.642.882.712.584.16
EBITDA5.652.622.753.060.26(0.28)(0.33)1.46
EBITDA margin+8.1%+4.3%+4.9%+5.8%+0.6%-0.5%-0.6%+2.4%
Depreciation1.601.581.721.761.711.661.681.66
Interest0.380.510.200.250.230.230.250.25
Profit before tax6.732.853.383.691.200.540.323.71
Tax1.701.021.040.830.350.010.200.60
Net profit5.031.832.342.860.850.530.123.11
EPS (β‚Ή)1.931.021.051.230.510.410.171.34
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue214225251244167170187
Revenue growth-4.7%-10.5%+3.0%+46.1%-1.7%-9.1%-
EBITDA11.534.5717.8513.790.923.1816.26
EBITDA margin+5.4%+2.0%+7.1%+5.7%+0.6%+1.9%+8.7%
Profit before tax16.3310.4321.8317.242.863.5016.72
Net profit12.388.3516.7713.232.5015.0513.27
Net profit margin+5.8%+3.7%+6.7%+5.4%+1.5%+8.9%+7.1%
EPS (β‚Ή)4.723.216.385.040.991.055.06
Balance sheet
Total assets241237234219207198187
Net worth236230227212207197187
Total debt4.355.515.946.330.000.000.00
Cash & bank4.642.574.532.322.433.603.18
Net working capital45.9949.9754.2254.2449.4555.6868.22
Cash flow
Cash from operations19.716.5119.959.688.5312.678.31
Cash from investing(10.05)0.72(11.36)(1.82)(3.03)(9.39)2.48
Cash from financing(7.32)(8.90)(7.39)(6.83)(6.54)(2.59)(12.24)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue57.5560.7956.1252.3345.0155.0653.2460.98
Revenue growth (YoY)+27.9%+10.4%+5.4%-14.2%-18.9%---
Other income2.902.382.622.672.952.802.624.21
Total expenses52.2456.8352.7848.8144.0054.3853.2658.92
EBITDA5.313.963.343.521.010.68(0.02)2.06
EBITDA margin+9.2%+6.5%+6.0%+6.7%+2.2%+1.2%-0.0%+3.4%
Depreciation1.301.291.431.471.431.381.401.39
Interest0.120.110.120.120.130.130.140.14
Profit before tax6.794.944.414.602.401.971.064.74
Tax1.711.371.040.990.560.330.250.79

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue70.0960.7956.1852.5345.0155.0755.6962.09
Revenue growth (YoY)+55.7%+10.4%+0.9%-15.4%-19.0%---
Other income3.062.322.552.642.882.712.584.16
EBITDA5.652.622.753.060.26(0.28)(0.33)1.46
EBITDA margin+8.1%+4.3%+4.9%+5.8%+0.6%-0.5%-0.6%+2.4%
Depreciation1.601.581.721.761.711.661.681.66
Interest0.380.510.200.250.230.230.250.25
Profit before tax6.732.853.383.691.200.540.323.71
Tax1.701.021.040.830.350.010.200.60
Net profit5.031.832.342.860.850.530.123.11
EPS (β‚Ή)1.931.021.051.230.510.410.171.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Revenue215228251167170187173
Revenue growth-6.1%-9.1%--1.7%-9.1%+7.9%-
Other income10.8211.819.886.724.645.145.19
Total expenses206227234167167171158
Employee cost27.0228.3925.0020.6620.9520.6017.75
EBITDA8.411.9116.740.252.6316.1314.67
EBITDA margin+3.9%+0.8%+6.7%+0.2%+1.6%+8.6%+8.5%
Depreciation6.776.625.304.183.293.743.89
Interest1.341.150.880.290.430.381.83
Profit before tax11.125.9520.442.503.5517.1514.14
Tax3.061.244.870.450.763.433.14
Net profit10.196.4416.172.0012.0113.4310.82
Net profit margin+4.8%+2.8%+6.4%+1.2%+7.1%+7.2%+6.3%
EPS (β‚Ή)3.882.496.150.790.975.134.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Equity & liabilities
Share capital5.255.255.255.255.255.255.25
Reserves & surplus226222221201192182186
Shareholders' funds (net worth)231228226207198187191
Minority interest2.813.953.360.003.653.373.11
Secured loans10.080.000.000.000.0010.8711.82
Unsecured loans7.969.3910.050.000.000.000.00
Total debt18.049.3910.050.000.0010.8711.82
Total liabilities253242241207202202206
Assets
Gross block95.8093.8492.9465.0141.2656.6454.32
Net block55.5560.0363.8745.1125.4941.4343.56
Capital work in progress0.100.410.230.9819.3410.110.93
Investments13912812211290.9679.2696.05
Inventories68.7645.8340.6339.2235.9936.9538.10
Sundry debtors22.3025.1125.6722.6029.4637.6434.46
Cash & bank balances4.953.186.072.433.644.836.50
Loans & advances8.486.9711.268.0625.5511.988.32
Total current assets10481.0983.6372.3194.6491.4087.38
Total current liabilities49.9429.3727.8122.8631.5121.0919.75
Net working capital54.5551.7255.8249.4563.1370.3167.63
Total assets253242241207202202206
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Opening cash1.894.491.751.791.132.983.53
Net cash from operating activities9.103.2817.638.0915.0110.460.11
Net cash from investing activities(10.18)1.29(11.20)(2.62)(9.00)2.599.82
Net cash from financing activities3.02(7.18)(3.68)(6.54)(4.72)(14.68)(10.47)
Net change in cash1.94(2.61)2.75(1.08)1.29(1.63)(0.55)
Closing cash4.953.186.072.433.644.836.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Growth
Sales growth-6.1%-9.1%--1.7%-9.1%+7.9%-
EBITDA growth+340.3%-88.6%--90.5%-83.7%+10.0%-
PBT growth+86.9%-70.9%+717.6%-29.6%-79.3%+21.3%-34.8%
Net income growth+58.2%-60.2%--83.4%-10.6%+24.1%-
Revenue CAGR (3Y)+8.7%+10.4%+10.4%-1.2%+0.3%+0.3%-
EBITDA CAGR (3Y)+222.8%-10.1%+1.3%-74.3%-49.6%-18.6%-
Profitability & leverage
Net income margin+3.8%+2.1%+6.2%+1.2%+1.6%+7.3%+6.4%
Return on capital employed+5.1%+3.0%+9.0%+1.2%+8.7%+8.7%+7.9%
Return on net worth+3.5%+2.1%+6.9%+1.0%+6.4%+7.3%+5.8%
Debt / equity0.060.040.040.000.030.060.07
Long-term debt / equity0.030.040.040.000.030.050.06
Interest cover81.71-24.427.69-7.38-65.153.0716.98
Efficiency & per share
Fixed asset turnover2.262.452.703.143.473.373.22
Inventory turnover3.745.286.184.444.664.984.88
Debtors turnover9.059.009.786.415.065.185.46
EPS (β‚Ή)3.882.496.150.790.975.134.09
Dividend per share (β‚Ή)2.402.403.002.402.402.402.40
Book value per share (β‚Ή)87.9786.7086.1878.6875.3271.3372.69
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue57.5560.7956.1252.3345.0155.0653.2460.98
Revenue growth (YoY)+27.9%+10.4%+5.4%-14.2%-18.9%---
Other income2.902.382.622.672.952.802.624.21
Total expenses52.2456.8352.7848.8144.0054.3853.2658.92
EBITDA5.313.963.343.521.010.68(0.02)2.06
EBITDA margin+9.2%+6.5%+6.0%+6.7%+2.2%+1.2%-0.0%+3.4%
Depreciation1.301.291.431.471.431.381.401.39
Interest0.120.110.120.120.130.130.140.14
Profit before tax6.794.944.414.602.401.971.064.74
Tax1.711.371.040.990.560.330.250.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue214225251244167170187
Revenue growth-4.7%-10.5%+3.0%+46.1%-1.7%-9.1%-
Other income11.0412.0810.048.396.414.044.58
Total expenses203220233230166167171
Employee cost25.0926.6224.8022.1220.6620.9520.60
EBITDA11.534.5717.8513.790.923.1816.26
EBITDA margin+5.4%+2.0%+7.1%+5.7%+0.6%+1.9%+8.7%
Depreciation5.635.525.274.464.183.293.74
Interest0.610.700.790.480.290.430.38
Profit before tax16.3310.4321.8317.242.863.5016.72
Tax3.962.005.094.010.280.763.43
Net profit12.388.3516.7713.232.5015.0513.27
Net profit margin+5.8%+3.7%+6.7%+5.4%+1.5%+8.9%+7.1%
EPS (β‚Ή)4.723.216.385.040.991.055.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.255.255.255.255.255.255.25
Reserves & surplus230225222207201192181
Shareholders' funds (net worth)236230227212207197187
Secured loans0.000.000.000.000.000.000.00
Unsecured loans4.355.515.946.330.000.000.00
Total debt4.355.515.946.330.000.000.00
Total liabilities241237234219207198187
Assets
Gross block84.5383.0082.8876.0265.0140.8738.14
Net block46.5550.3253.8451.6845.1125.1025.37
Capital work in progress0.100.410.230.420.9819.3410.11
Investments14713512711311294.6382.42
Inventories47.2145.1639.4942.1739.2235.9936.95
Sundry debtors22.1925.1125.7329.3022.6029.4637.21
Cash & bank balances4.642.574.532.322.433.603.18
Loans & advances5.985.8210.349.498.067.9311.51
Total current assets80.0278.6680.0983.2872.3176.9888.85
Total current liabilities34.0328.6925.8729.0422.8621.3020.63
Net working capital45.9949.9754.2254.2449.4555.6868.22
Total assets241237234219207198187
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.282.941.750.711.741.052.51
Net cash from operating activities19.716.5119.959.688.5312.678.31
Net cash from investing activities(10.05)0.72(11.36)(1.82)(3.03)(9.39)2.48
Net cash from financing activities(7.32)(8.90)(7.39)(6.83)(6.54)(2.59)(12.24)
Net change in cash2.35(1.67)1.201.04(1.04)0.69(1.46)
Closing cash4.642.574.532.322.433.603.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.7%-10.5%+3.0%+46.1%-1.7%-9.1%-
EBITDA growth+152.3%-74.4%+29.4%+1398.9%-71.1%-80.4%-
PBT growth+56.6%-52.2%+26.6%+502.8%-18.3%-79.1%+23.1%
Net income growth+48.3%-50.2%+26.8%+429.2%-83.4%+13.4%-
Revenue CAGR (3Y)-4.2%+10.4%+13.9%+9.3%-0.4%+1.1%+0.5%
EBITDA CAGR (3Y)-5.8%+70.6%+77.7%-5.3%-57.6%-43.8%-17.7%
Profitability & leverage
Net income margin+5.8%+3.8%+6.7%+5.4%+1.6%+1.6%+7.1%
Return on capital employed+7.1%+4.7%+10.0%+8.3%+1.6%+9.0%+9.1%
Return on net worth+5.3%+3.7%+7.6%+6.3%+1.3%+7.9%+7.1%
Debt / equity0.020.030.030.020.000.000.00
Long-term debt / equity0.020.020.030.010.000.000.00
Interest cover10.34-73.686.285.14-8.90-390.913.04
Efficiency & per share
Fixed asset turnover2.562.713.163.463.154.305.05
Inventory turnover4.645.316.155.994.444.664.98
Debtors turnover9.068.849.139.406.415.095.21
EPS (β‚Ή)4.723.216.385.040.991.055.06
Dividend per share (β‚Ή)2.402.403.002.402.402.402.40
Book value per share (β‚Ή)89.7687.6586.4180.6978.6875.1271.05

Competitors of INDAG Rubber

INDAG Rubber has 3 listed competitors in our database. They include Elgi Rubber, MRL Tyres and Manjunath Rubber.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
elgirubber.com2006Coimbatore, India162
Manufacturer of raw material, equipment, tools and accessories for rubber industries
mrltires.com1954Delhi, India847
Manufactures agricultural, industrial, and commercial tires for worldwide distribution.
manjunathrubber.in1984Mangaluru, India41
Offers tyre retreading services and rubber products for industrial use in Mangalore.
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Detailed competitors of INDAG Rubber

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Web traffic of INDAG Rubber

The website of INDAG Rubber (indagrubber.com) receives about 3.4K visits a month.

  • Monthly visits
    3.4K

    ▲ 11.6% vs previous month

Top companies in Automotive Retail & Aftersales

3 companies that operate in the same segment as INDAG Rubber (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
General and life insurance products are provided across multiple categories.
2016Bengaluru, Karnataka, IndiaUSD 462.45 MUSD 1.12 B4,589
Insurance products for vehicles, health, travel, and life are offered.
2016Bengaluru, Karnataka, IndiaUSD 746.17 MUSD 216.04 M1,306
Retailer of inspected, certified pre-owned vehicles with service and finance options
2015Gurugram, Haryana, IndiaUSD 741.46 MUSD 446.48 M5,812
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Related news about Indag Rubber

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Frequently Asked Questions about INDAG Rubber

INDAG Rubber was founded in 1978.

INDAG Rubber is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

Vijay Shrinivas is the CEO of INDAG Rubber, as recorded in our data.

INDAG Rubber has 288 employees.

The primary company behind INDAG Rubber, Indag Rubber Limited, reported revenue of β‚Ή225 Cr for FY 2026, down 6% year on year.

INDAG Rubber was established in 1978 in Delhi, India, within the rubber manufacturing sector. Tread rubber, strip gum, and spray cement are produced as core products. Operations are centered on these items for industrial applications. The company is led by Nand Lal Khemka as Chairman and Managing Director, alongside Vijay Shrinivas as CEO. Focus remains on domestic production and related services in the region.

INDAG Rubber's top competitors include Elgi Rubber, MRL Tyres and Manjunath Rubber.

Yes, INDAG Rubber is publicly traded on BSE under the ticker symbol INDAG.

INDAG Rubber operates through Indag Rubber Limited.

The legal entities of INDAG Rubber currently have 10 directors, including Raj Kumar Agrawal, Vijay Shrinivas, Nand Lal Khemka and others.

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