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Elgi Rubber Company Limited
Share Price Target & Analysis

NSE:ELGIRUBCO

100.32

VWAP

98.08

Open

99.49

Close

103

High

98.08

Low

139.95

52 Week High

99.51 ⇧
0.02 (0.02%)

ELGIRUBCO

(Miscellaneous)
57.5% Momentum

Turnaround Potential

44.7

52 Week Low

2.51

EPS

36.5

PE

1.59

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: ELGIRUBCO Share Price Financial Analysis & Valuation

Elgi Rubber Company Limited (ELGIRUBCO) is broadly categorized in Miscellaneous segment industry which deals in Tyres vertical. It is one of Micro Cap company with Market Capitalization of Rs 213.7 (in Cr). Total number of free float shares are 5 (in Lacs). Elgi Rubber Company Limited is listed on NSE with Exchange ID - INE819L01012 and trading code is NSE:ELGIRUBCO with short name Elgi Rubber.

In the past 1 year, Elgi Rubber Company Limited has declared an equity dividend of Rs 0 per share. At the current share price of ELGIRUBCO at Rs 99.51, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:ELGIRUBCO, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine ELGIRUBCO underlying value and future prospects. All of this data is available in ELGIRUBCO financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:ELGIRUBCO, it is clearly understood that ELGIRUBCO is Economical performer in terms of earnings and profit margins with an EPS of 2.51. NSE:ELGIRUBCO book value per share as of today is 62.69. The current price to book ratio for ELGIRUBCO as of Nov 23, 2024 is 1.59.

Valuation of the Stock: The current valuation of ELGIRUBCO stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ELGIRUBCO whether to BUY this stock at current valuation. The delivery percentage of ELGIRUBCO is 35.6% is very crucial parameter which shows that 35.6% investors are anticipating that the price of ELGIRUBCO share should go up with VWAP at 100.32.

Now, the main question is whether to BUY or SELL, NSE:ELGIRUBCO at current valuation.
As per latest Analysis No. #2334:-

⇑ STRONG BUY ELGIRUBCO if All Greens

⇗ BUY ELGIRUBCO (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD ELGIRUBCO (With Stop Loss) if only 1 Green

⇘ SELL ELGIRUBCO if NO Green Indicator

NSE: ELGIRUBCO Share Price Today (Nov 23, 2024)

(Elgi Rubber Company Limited Daily Analysis on the basis of ELGIRUBCO Intraday Graph & Trend)

Elgi Rubber Company Limited share price moved Up by 0.02% from its previous close of Rs 99.49. ELGIRUBCO stock last traded price is 99.51. ELGIRUBCO share price trend is Up with a total of 52847 stocks traded till now. It has touched an intraday high of Rs 103 and an intraday low of Rs 98.08. The ELGIRUBCO trading at 99.51, Up by Rs. 0.02, or 0.02 percent which suggests that most of the Traders are anticipating that the price of ELGIRUBCO share should go Up.

NSE: ELGIRUBCO Share Price Tomorrow Prediction

(Elgi Rubber Company Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ELGIRUBCO)

Elgi Rubber Company Limited share price moved Up by 0.02%. ELGIRUBCO share price short term trend is Up. It suggests that ELGIRUBCO Share Price for Tomorrow remains the same with VWAP at 100.32 will be treated as stop loss for intraday traders. Elgi Rubber Company Limited Long term investors can follow the ELGIRUBCO long term trend as mentiond in future forecast table.

NSE Code

NSE: ELGIRUBCO

ELGIRUBCO Share Price Today

 99.51

ELGIRUBCO Share Price Target Prediction for 2024 ^

 89 - 140.6

ELGIRUBCO Share Price Target Prediction for 2025*^

 140.6 - 149.8

ELGIRUBCO Share Price Target Prediction for 2026*^

 149.8 - 160.3

ELGIRUBCO Share Price Target Prediction for 2027*^

 168

ELGIRUBCO Share Price Target Prediction for 2028*^

 173

ELGIRUBCO Share Price Target Prediction for 2030*^

 189
ELGIRUBCO Current Book Value 2023
62.4

*Elgi Rubber Company Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^ELGIRUBCO share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

ELGIRUBCO Technical Analysis

Candlestick Pattern: @119.1

ELGIRUBCO Moving Averages

BUY (12) NEUTRAL (0) SELL (2)
MA Simple Action S1 Expo Action E2
MA_5 120.4 SELL 119.36 SELL
MA_12 113.57 BUY 114.98 BUY
MA_20 107.26 BUY 111.35 BUY
MA_32 103.23 BUY 107.11 BUY
MA_50 102.99 BUY 103.91 BUY
MA_100 97.51 BUY 97.28 BUY
MA_200 78.02 BUY 82.97 BUY

ELGIRUBCO Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 107.26 Uptrend
MACD 1.32 BUY
ADX 22.01 NO or Weak Trend
DMI (+/-) 22.96 / 20.51 Uptrend

ELGIRUBCO Momentum Oscillators

BUY (3) NEUTRAL (6) SELL (3)
Momentum Oscillators Value Action
RSI 60.15 Neutral
STOCHASTIC_K (Fast) 34.87 Neutral
STOCHASTIC_D (Slow) 22.62 Neutral
CCI 20.61 Neutral
PSAR 139.95 SELL
TRUE RANGE 11.55 BUY
ATR 10.24 BUY
WILLIAMS R -37.94 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 13.32 Oversold
STOCHASTIC RSI D 5.04 Oversold
MOMENTUM 14.67 BUY

ELGIRUBCO Last 1 Year Trend

Duration Value
1 Year 129.04%
3 Months 30.09%
1 Month 14.05%
1 Week -10.48%

ELGIRUBCO Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 60%
NEUTRAL / HOLD 23%
SELL 17%

Most popular Questions & Answers about ELGIRUBCO


Elgi Rubber Company Limited stock last traded price is 99.51. ELGIRUBCO share price moved Up by 0.02% from its previous close of Rs 99.49.

Elgi Rubber Company Limited share price trend is Up with a total of 52847 stocks traded till now. It has touched an intraday high of Rs 141.3495 and an intraday low of Rs 98.08. The ELGIRUBCO trading at 99.51, Up by Rs. 0.02, or 0.02 percent which suggests that most of the Traders are anticipating that the price of ELGIRUBCO share should go Up and the Stop Loss will be around 100.32.

The market cap of Elgi Rubber Company Limited is ₹213.7 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Elgi Rubber Company Limited as of Nov 22, 2024 is 36.5.

The current price to book ratio for Elgi Rubber Company Limited as of Nov 22, 2024 is 1.59.

The highest price of Elgi Rubber Company Limited stock is ₹139.95 in the last 52-week.

The lowest price of Elgi Rubber Company Limited stock is ₹44.7 in the last 52-week.

Elgi Rubber Company Limited share trading at ₹99.51, Up by Rs. 0.02, or 0.02 percent which suggests that most of the traders are anticipating that the price of ELGIRUBCO share should go Up.

In 2023, Stock price target for Elgi Rubber Company Limited (ELGIRUBCO) are ₹89 on downside and ₹140.6 on upside. Elgi Rubber Company Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Elgi Rubber Company Limited (ELGIRUBCO) are ₹140.6 on downside and ₹149.8 on upside. Elgi Rubber Company Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Elgi Rubber Company Limited (ELGIRUBCO) are ₹149.8 on downside and ₹160.3 on upside. Elgi Rubber Company Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Elgi Rubber Company Limited (ELGIRUBCO) will be around ₹173 Elgi Rubber Company Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ELGIRUBCO.

The price of Elgi Rubber Company Limited (ELGIRUBCO) shares moved by 0.02%. The short-term trend for ELGIRUBCO share price is Up. It implies that the share price of ELGIRUBCO will stay the same tomorrow and that intraday traders should treat VWAP at 100.32 as a stop loss. Investors with a long-term outlook can track ELGIRUBCO long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of ELGIRUBCO stock is 30.1. Compared to the current market price of 99.51 INR, the ELGIRUBCO stock is Overvalued by 69.8%.

As per the fundamental analysis of Elgi Rubber Company Limited (ELGIRUBCO), it is of Economical quality in terms of earnings and profit margins with an EPS of 2.51. Elgi Rubber Company Limited book value per share as of today is 62.69. The current price to book ratio for ELGIRUBCO as of Nov 23, 2024 is 1.59.


NSE:ELGIRUBCO News & Other Useful Information about ELGIRUBCO Share Price


Peer Comparison of NSE: ELGIRUBCO

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Tyres

Company Price EPS BV
BALKRISIND 2763.60 83.64 458.41
MRF 124597.00 4493.01 38764.7
APOLLOTYRE 495.00 13.6 164.37
CEATLTD 2844.55 143.75 976.79
JKTYRE 361.20 20.18 142.28
GOODYEAR 1273.70 58.62 261.46
TVSSRICHAK 3582.90 100.99 1454.83
PTL 40.32 2.27 63.69
ELGIRUBCO 99.51 2.51 62.69
MODIRUBBER 127.08 4.09 93.27
Updated at: 22 Nov 2024 15:55

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