Indag Rubber Limited · BSE:INDAG
Indag Rubber — Q3 FY2025 Earnings Presentation
35 slides from Indag Rubber's earnings presentation, Feb 25, 2025
Slide 1: BSE filing cover letter for Investor Presentation
lndag Rubber Limited Regd. Office: Khemka House, 11, Community Centre, Saket, New Delhi ·110017, India Phone: 26963172-73, 26961211, 26863310, 41664818, 41664043; Fax: 011- 26856350 E-mail: info@indagrubber.com; Website: www.indagrubber. com; CIN-L74899DL1978PLC009038 Works: Village Jhiriwala, Tehsi
Slide 2: Indag Rubber Limited Investor Presentation February 2025
INDAG RUBBER LIMITED The only alternate to new tyres Investor Presentation February 2025
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indag Rubber Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Q3 & 9M FY25 Financial Highlights
Q3 & 9M FY25 Financial Highlights
Slide 5: CEOs Message
CEOs Message Commenting on the Result, Mr. Vijay Shrinivas, CEO , Indag Rubber Limited said, “During 9MFY25, our revenue stood at ₹179.0 Crores, reflecting a moderation from ₹197.4 Crores in 9MFY24. While the industry experienced headwinds from rising natural rubber costs and extended monsoons affec
Slide 6: Q3 & 9M FY25 Financial Highlights
Q3 & 9M FY25 Financial Highlights Total Revenue* EBITDA & EBITDA Margins* Profit After Tax & PAT Margins 10.1% 4.7% 11.0% 7.3% 5.6% 1.4% 6.8% 3.8% 197.4 21.7 13.4 179.0 13.0 6.8 5.0 64.7 6.5 55.9 2.6 0.8 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25
Slide 7: Q3 & 9M FY25 Profit & Loss Statement
Q3 & 9M FY25 Profit & Loss Statement Particulars (Rs. In Crs.) Q3 FY25 Q3 FY24 9M FY25 9M FY24 Revenue from Operations 53.2 62.3 169.8 189.9 Other Income 2.7 2.4 9.2 7.5 Total Revenue (incl. Other Income) 55.9 64.7 179.0 197.4 Total Raw Material 39.1 41.8 121.2 127.2 Gross Profit 16.8 22.9 57.8 70.2
Slide 8: Balance Sheet
Q2 & FY24 Balance Sheet Liabilities (Rs. In Crs.) Sep-24 Mar-24 Assets (Rs. In Crs.) Sep-24 Mar-24 Non Current assets Equity Property, Plant and Equipments 27.1 28.0 Share Capital 5.3 5.3 Capital Work-In-Progress 0.4 0.2 Other Equity 226.3 221.3 Investment Property 19.3 19.9 Total Equity 231.6 226.8
Slide 9: H1 FY25 Cash Flow Statement
H1 FY25 Cash Flow Statement Particulars (Rs. In Crs.) Sep-24 Sep-23 Net Profit Before Tax 7.4 12.3 Adjustments for: Non Cash / Other Items -1.2 0.3 Operating profit before working capital changes 6.1 12.7 Changes in working capital 3.0 -2.6 Cash generated from operations 9.1 10.1 Direct taxes paid -
Slide 10: The Only Alternate to New Tyres
THE ONLY ALTERNATE TO NEW TYRES… INDAG is dedicated to helping fleet owners reduce their expenses on buying new tyres providing lower tyre CPKM (Cost-per-Km) and curtailing carbon footprints making them a sustainable and green fleet AN EXCELLENT HISTORY OF PROVIDING BEST-IN-CLASS RETREADING MATERIAL
Slide 11: 15 Depots 300+ Dealers 3,000+ Retreaders
Presence PRODUCTS • Capacity of 20,000 MT p.a. • Servicing different vehicle types M&HCVs, LCVs, Passenger vehicles and Off-road vehicles PRECURED TREAD • Specialized patterns for varied road applications RUBBER 15 Depots 300+ Dealers such as highways, hills, mining, off-road 50+ Sales & Technical T
Slide 12: Journey
Journey Increased capacity at Nalagarh plant from 6,000 Included as one of the best MT to 13,800 MT Foray 'Under 1 Bn’ company by into Foreign market with Forbes Asia Certificate of 1978 : Incorporated as JV launch of "Zoma" Brand Excellence from Inc 500 in between Khemka Group & 2012 & 2013 Diversi
Slide 13: State of the Art Manufacturing Facility
State of the Art Manufacturing Facility State of the art manufacturing unit Located at Nalagarh Industrial Estate in Himachal Pradesh Advanced Technology in terms of machinery and equipment + State of the art Research and Development Center 12
Slide 14: Focused Management
Focused Management Mr. Nand Khemka Chairman & Managing Director M.S. in Foreign Trade & MBA from Columbia Mr. Shiv Khemka University, New York, U.S.A. Director Over 58 years of experience in promoting and Vice-Chairman of SUN Group, founded in the early 90’s running successfully various organization
Slide 15: Focused Management
Focused Management Mr. Nikhil Khanna Ms. Ranjana Agarwal Mr. Sushil Kumar Dalmia Non-Executive Director (Independent) Non-Executive Director (Independent) Non-Executive Director (Independent) Mr. Raj Kumar Agrawal Mr. Anil Bhardwaj Ms. Sonal Garg Non-Executive Director (Independent) G.M.(Accounts) &
Slide 16: Voice of Customers
/] Voice of Customers R. R. LOGISTICS jaipur, Rajasthan INDAG ZZYL TREAD PATTERN TO RUN 1.4 LAKH KMs We are a prominent fleet with 80 vehicles primarily running on Ambala - Mumbai & Ambala-Hyderabad route. We had retreaded 88 tyres in the last 6 Months with Indag Tread (2ZVL & 2762 Patterns). We are
Slide 17: Voice of Customers
Voice of Customers Empowering mobility with trusted, cost-effective solutions, our satisfied customers choose us for unmatched tyre retreading excellence. 16
Slide 18: Building Brand Awareness – INDAG at Major EXPOs
Building Brand Awareness – INDAG at Major EXPOs Indag has been actively showcasing its product range and offerings on the domestic and global stage, having participated in 4 major exhibitions in last one year. Bombay Goods & Transport Bharat Mobility Global Automechanika Tire Cologne - Association E
Slide 19: Building Brand Awareness – Bharat Mobility
Building Brand Awareness – BHARAT MOBILITY 25 18
Slide 20: Marketing Initiatives
Marketing Initiatives Enhance Customer Brand Experience Owner-Driver Engagement through Instant Visual Appeal at Point of Sale Through Digital Campaign Targeted BTL Activities ✓ Promoting an easy-to-navigate digital ✓ 3D rendering & modeling of PTR designs ✓ Reaching out to more than 700+ owner driv
Slide 21: Marketing Initiatives – Our Outreach Programs
Marketing Initiatives – Our Outreach Programs Indag has been a key player in promoting the circular tyre economy, showcasing the advantages of retreading as an alternative to industry stakeholders. Commercial Vehicles Conference IRC Rubbercon 2024 20
Slide 22: Highly Underpenetrated Industry - Poised For Growth
Highly Underpenetrated Industry - Poised For Growth
Slide 23: Retreading - Strong Pillar of a Circular Economy
Retreading - Strong Pillar of a Circular Economy Retread Tyre (Retread New Tyre vs Process Only) ✓ 100 Kg CO2 21 Kg CO2 Raw Material Raw Material 20 Kg CO2 8 Kg CO2 Transport Transport 64 Kg CO2 19 Kg CO2 Tyre Manufacturing Process Tyre Manufacturing Process 184 Kgs. CO2 48 Kgs. CO2 Source: Global A
Slide 24: Retreading - The only Cost Saving Measure for Fleet Owners
Retreading - The only Cost Saving Measure for Fleet Owners Regulatory changes Going forward, retreading of tyres is the Increasing only considerable solution to reduce costs increasing CV prices by Competition 10-12% Retreading saves upto 70% of a new tyre cost Increasing Toll Prices High Fuel Costs
Slide 25: The Future of Retreading is Bright
The Future of Retreading is Bright As per ATMA, the Indian tyre industry is all set to more than double its revenue to USD 22 billion by FY 2032 from USD 9 billion in FY 2022 2023-24 2024-25P 2025-26P FY24– FY29P ROADS AND Make In India’ Segment Tonnes HIGHWAYS Manufacturing (‘000) Growth (%) Growth
Slide 26: Highly Underpenetrated Industry - Poised For Growth
Highly Underpenetrated Industry - Poised For Growth ◌ More distance travelled in lesser time ◌ Less Downtime & longer tread life Improved Road Infrastructure ◌ Higher tonnage vehicles with more tyres ◌ Less Damage to vehicles & tyres ◌ Fewer stopovers at check posts due to E-waybills ◌ Restrictions
Slide 27: Indag Poised For Strong Growth
Indag Poised For Strong Growth Indag continues to be a leading player in the retreading industry, demonstrating a robust recovery post-COVID-19 and amidst global and domestic market challenges. Our compelling value proposition and unwavering commitment to product innovation are propelling our leader
Slide 28: Subsidiary Update
SUBSIDIARY UPDATE Millennium Manufacturing Systems Pvt. Ltd. (erstwhile Indergy Power Systems Pvt. Ltd.) Indag, in partnership with Elcom Innovations and Sun Renewables WH Private Ltd, established Millennium Manufacturing Systems Pvt. Ltd. in Mohali, Punjab. This technologically advanced facility is
Slide 29: CSR Initiatives
CSR Initiatives More than 550 students and 350 families are direct beneficiaries under the Education Program Indag is committed to empowering underprivileged communities through education and skill development The Company has partnered with The Nabha Foundation to provide literacy programs in primar
Slide 30: Historical Financials
Historical Financials
Slide 31: Historical Profit & Loss Statement
Historical Profit & Loss Statement Particulars (Rs. In Crs.) FY24 FY23 FY22 FY21* Revenue from Operations 251.2 243.9 166.9 169.8 Other Income 10.0 8.4 6.4 4.0 Total Revenue (incl Other Income) 261.2 252.2 173.3 173.9 Total Raw Material 169.4 174.3 120.2 107.6 Gross Profit 91.9 77.9 53.2 66.3 Gross
Slide 32: Historical Balance Sheet
Historical Balance Sheet Liabilities (Rs. In Crs.) Mar-24 Mar-23 Mar-22 Mar-21 Assets (Rs. In Crs.) Mar-24 Mar-23 Mar-22 Mar-21 Non Current assets Equity Property, Plant and Equipments 28.0 24.4 23.3 25 Share Capital 5.3 5.3 5.3 5.3 Capital Work-In-Progress 0.2 0.4 1.0 19.3 Other Equity 221.6 206.6
Slide 33: Historical Cash Flow Statement
Historical Cash Flow Statement Particulars (Rs. In Crs.) Mar-24 Mar-23 Mar-22 Mar-21 Net Profit Before Tax 21.8 17.2 2.9 3.5 Adjustments for: Non Cash / Other Items 1.1 1.8 0.7 13.1 Operating profit before working capital changes 23.0 19.0 3.6 16.6 Changes in working capital 2.6 -6.6 6.0 7.8 Cash ge
Slide 34: Dividend
Dividend Pay-Out Consistent Dividend Pay-Out 15% 17% 19% 19% 20% 29% 40% 59% 47% 247% 242% 48% 47% 12.6 12.2 10.7 9.5 8.4 8.0 6.4 6.0 5.1 5.0 4.1 3.0 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.0 1.6 1.2 1.0 1.0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 EPS DPS EPS & DPS are in Rs.
Slide 35: The Only Alternate to New Tyres
THE ONLY ALTERNATE TO NEW TYRES… For further information, please contact Company : Investor Relations Advisors : Indag Rubber Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L74899DL1978PLC009038 CIN: U74140MH2010PTC204285 Mr. Anil Bhardwaj, G.M.(Accounts) & CFO Mr. Deven Dhruva / Mr. Varun Shivram ani