June 23, 2018 5:07 AM ET

Machinery

Company Overview of Elgi Rubber Company Limited

Company Overview

Elgi Rubber Company Limited manufactures and sells a range of raw material, equipment, tools, and accessories used in the rubber industry, primarily in the tire sector in India. It offers tire retread and repair systems under the Jet brand name; rasp blades, hubs, and spacers under the Pincott brand name; brazed carbide tools under the Carbrasive brand name; gums, adhesives, and sealants under the Midwest Rubber brand name; and reclaimed rubber under the Ecorr brand name. The company also provides retread process equipment under the Armonas brand name; and Cincinnati retread systems under the CRS brand name. In addition, it offers retread rubber; and retreading machinery. Elgi Rubber Company...

2000, Trichy Road

Coimbatore,  641005

India

Founded in 2006

Phone:

91 42 2232 1000

Fax:

91 42 2232 2222

Key Executives for Elgi Rubber Company Limited

Chairman & MD
Age: 59
Total Annual Compensation: 6.7M
CFO, VP of Finance & Compliance Officer
Total Annual Compensation: 2.4M
Compensation as of Fiscal Year 2017.

Elgi Rubber Company Limited Key Developments

Elgi Rubber Company Limited Announces Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2018

Elgi Rubber Company Limited announced consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, on consolidated basis, the company reported net sales of INR 1,055.450 million as compared to INR 1,036.610 million a year ago. Profit before exceptional items and tax was INR 32.602 million as compared to INR 33.373 million a year ago. Profit before tax was INR 28.105 million as compared INR 31.392 million a year ago. Profit for the period was INR 15.670 million as compared to INR 11.064 million a year ago. Diluted and basic earnings per share were INR 0.31 as compared to INR 0.22 a year ago. For the year, on consolidated basis, the company reported net sales of INR 3,791.342 million as compared to INR 3,889.849 million a year ago. Loss before exceptional items and tax was INR 41.843 million as compared to profit before exceptional items and tax of INR 0.734 million a year ago. Loss before tax was INR 46.340 million as compared to INR 15.640 million a year ago. Loss for the period was INR 56.428 million as compared to INR 40.262 million a year ago. Diluted and basic loss per share were INR 1.13 as compared to INR 0.80 a year ago. For the quarter, on standalone basis, the company reported net sales of INR 523.424 million as compared to INR 538.063 million a year ago. Profit before exceptional items and tax was INR 13.745 million as compared to INR 10.282 million a year ago. Profit before tax was INR 13.131 million as compared INR 13.714 million a year ago. Loss for the period was INR 4.065 million as compared to profit for the period of INR 14.895 million a year ago. Diluted and basic loss per share were INR 0.08 as compared to diluted and basic earnings per share of INR 0.30 a year ago. For the year, on standalone basis, the company reported net sales of INR 1,885.138 million as compared to INR 2,138.969 million a year ago. Profit before exceptional items and tax was INR 37.641 million as compared to INR 115.696 million a year ago. Profit before tax was INR 33.144 million as compared INR 99.322 million a year ago. Profit for the period was INR 19.299 million as compared to INR 78.801 million a year ago. Diluted and basic earnings per share were INR 0.39 as compared to INR 1.57 a year ago.

Elgi Rubber Company Limited Recommends Dividend for the Financial Year Ended March 31, 2018; Decides to Expend and Re-Align its Existing Rubber Reclaim Division

Elgi Rubber Company Limited announced that its board of director at their meeting held on May 24, 2018 have not recommended any dividend for the financial year ended March 31, 2018. The company announced that the board has formally decided to expend and re-align its existing rubber reclaim division. For this purpose the company purchased 14 Acres of land from APIIC limited, Located at Phase 2, Sullpret, Nellore district. The total cost of the project is estimated at INR 500 million. This cost will be partially financed by self generated resources and partially by debt. The company will reclaim rubber installed capacity of 500 M.T. over a period of three years.

Elgi Rubber Company Limited to Report Q4, 2018 Results on May 24, 2018

Elgi Rubber Company Limited announced that they will report Q4, 2018 results on May 24, 2018

Recent Private Companies Transactions

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No transactions available in the past 12 months.
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