ELGIRUBCO

Elgi Rubber Company financials

Market cap
₹300 Cr
Sector
Capital Goods

What Elgi Rubber Company Limited does

Elgi Rubber Company Limited is a Coimbatore-headquartered rubber products manufacturer with plants at Annur, Kuruchi and Kovilpalayam (Coimbatore) and Sriperumbudur (Kancheepuram) in Tamil Nadu, and at Kanjikode and Kottayi (Palakkad) in Kerala. It also operates through wholly-owned subsidiaries with manufacturing operations in Colombo (Sri Lanka), Lorena (Brazil), Luling, Texas and Stoughton, Wisconsin (USA), and Maastricht (Netherlands). The company previously ran an Aircraft Tyre Retreading business division, which it divested during FY2024-25 as part of a strategic restructuring. The business is export-oriented, with its US, Brazil and Sri Lanka subsidiaries performing well while the Netherlands subsidiary has faced weaker demand in Western Europe.

Segments

  • Domestic operations (India)
  • International operations
Manufacturing plants
11 total — 6 in India (Tamil Nadu & Kerala), 5 overseas
Countries with manufacturing operations
5 (India, Sri Lanka, Brazil, USA, Netherlands)
Wholly-owned overseas operating subsidiaries
4 (USA, Brazil, Sri Lanka, Netherlands)
Domestic manufacturing states
Tamil Nadu, Kerala
Founded 2006Headquarters Coimbatore, Tamil Nadu, India Company website

Quarterly results

Q1 FY27: revenue down 18.6%, net profit up 2150.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue99 91 97 86 94 −5%100 +10%86 −11%70 −19%
EBITDA6 10 -15 2 2 −67%-24 −340%-41 −173%3 +50%
Net profit-4 -4 -17 -2 -6 −50%-29 −625%-204 −1100%41 +2150%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −16.8% 1Y

₹40.0₹50.0₹60.0₹70.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹70.26 on 10 Sept 2025 → ₹58.48. High ₹71.57 (15 Sept 2025), low ₹33.51 (30 Mar 2026).

Financials, as filed

Revenue fell 2.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to -16.7%.

Year endingFY23FY24FY25FY26
Revenue₹394 Cr₹386 Cr₹384 Cr₹366 Cr
Operating profit₹17 Cr₹26 Cr₹6 Cr₹-61 Cr
Operating margin4.2%6.7%1.6%-16.7%
Interest₹24 Cr₹25 Cr₹25 Cr₹33 Cr
Depreciation₹16 Cr₹19 Cr₹18 Cr₹18 Cr
Net profit₹7 Cr₹11 Cr₹-5 Cr₹-241 Cr
Net margin1.7%2.8%-1.3%-65.8%
Cash from operations₹27 Cr₹6 Cr₹-8 Cr₹-11 Cr
Free cash flow₹-5 Cr₹-8 Cr₹75 Cr₹-14 Cr
ROCE6.0%6.0%0.0%-13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹5 Cr
Reserves₹178 Cr₹166 Cr₹179 Cr₹185 Cr₹162 Cr₹71 Cr
Borrowings₹243 Cr₹247 Cr₹271 Cr₹307 Cr₹305 Cr₹313 Cr
Other liabilities₹68 Cr₹81 Cr₹78 Cr₹69 Cr₹71 Cr₹46 Cr
Total liabilities₹494 Cr₹500 Cr₹533 Cr₹566 Cr₹543 Cr₹434 Cr
Fixed assets₹209 Cr₹205 Cr₹228 Cr₹245 Cr₹161 Cr₹123 Cr
Capital work in progress₹21 Cr₹17 Cr₹22 Cr₹16 Cr₹10 Cr₹12 Cr
Investments₹13 Cr₹19 Cr₹29 Cr₹40 Cr₹32 Cr₹31 Cr
Other assets₹252 Cr₹260 Cr₹255 Cr₹264 Cr₹340 Cr₹267 Cr
Total assets₹494 Cr₹500 Cr₹533 Cr₹566 Cr₹543 Cr₹434 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025.

Promoters
65.0%
DIIs
0.9%
Government
2.4%
Public
31.7%

Since Jun 2025

  • DIIs −0.01 pp
  • Public +0.01 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 65.0%, DIIs 1.5%, Government 2.4%, Public 31.1%.Dec '23: Promoters 65.0%, DIIs 1.5%, Government 2.4%, Public 31.1%.Mar '24: Promoters 65.0%, FIIs 0.0%, DIIs 1.5%, Government 2.4%, Public 31.1%.Jun '24: Promoters 65.0%, FIIs 0.0%, DIIs 1.1%, Government 2.4%, Public 31.5%.Sep '24: Promoters 65.0%, DIIs 0.9%, Government 2.4%, Public 31.7%.Dec '24: Promoters 65.0%, FIIs 0.0%, DIIs 0.9%, Government 2.4%, Public 31.6%.Mar '25: Promoters 65.0%, DIIs 0.9%, Government 2.4%, Public 31.7%.Jun '25: Promoters 65.0%, DIIs 0.9%, Government 2.4%, Public 31.7%.Sep '25: Promoters 65.0%, DIIs 0.9%, Government 2.4%, Public 31.7%.Dec '25: Promoters 65.0%, FIIs 0.1%, DIIs 0.9%, Government 2.4%, Public 31.6%.Mar '26: Promoters 65.0%, DIIs 0.9%, Government 2.4%, Public 31.7%.Jun '26: Promoters 65.0%, DIIs 0.9%, Government 2.4%, Public 31.7%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Elgi Rubber Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sudarsan Varadaraj 47.09%unchanged
LRG Technologies Limited 7.08%unchanged
Varshini Varadaraj 4.50%unchanged
Harsha Varadaraj 4.50%unchanged
Tamilnadu Industrial Investment Corporation Limited 2.36%unchanged
Shamyak Investment Private Limited 2.00%unchanged
Elgi Equipments Limited 1.53%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.36%unchanged
Investor Education and Protection Fund (IEPF) 1.36%unchanged
Jairam Varadaraj 0.28%unchanged
Sumanth Ramamurthi 0.02%unchanged
Unclaimed or Suspense or Escrow Account 0.02%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Elgi Rubber Company Limited

Guides on how to read this kind of business and the numbers that matter.