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Elgi Rubber Company Share Price Target 2024, 2025, 2026 to 2039 With Charts
Elgi Rubber Company Limited | |||
 | Symbol: ELGIRUBCO | ||
| Price: ₹100 | |||
| Exchange: NSE | |||
| Consumer Cyclical -> Auto Parts | |||
Show Table of Contents
Table of Contents
- 1: Elgi Rubber Company Brief Company Overview
- 1.1: Elgi Rubber Company Limited: A Global Player in Retreading and Reclaimed Rubber
- 1.2: Elgi Rubber Company Financial Performance
- 1.2.1: Is Elgi Rubber Company A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Elgi Rubber Company Share Price Target For 2024
- 2.1.1: Elgi Rubber Company Share Price Target Table For 2024
- 2.1.2: Summary: Elgi Rubber Company Share Price Prediction For 2024
- 2.2: Elgi Rubber Company Share Price Target For 2025
- 2.2.1: Elgi Rubber Company Share Price Target Table For 2025
- 2.2.2: Summary: Elgi Rubber Company Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Elgi Rubber Company Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Elgi Rubber Company Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Elgi Rubber Company Past Performance
Elgi Rubber Company Brief Company Overview
Elgi Rubber Company Limited: A Global Player in Retreading and Reclaimed Rubber
Established in 2006, Elgi Rubber Company Limited is a leading manufacturer and supplier of reclaimed rubber, retreading machinery, and retread rubber worldwide. Headquartered in Coimbatore, India, Elgi has a strong international presence.
The company's extensive product range includes:
- Tire retread and repair systems under the Jet brand
- Retread auxiliary machines, exhaust, rubber dust handling, and monorail and tire handling equipment under the Armonas brand
- Gums, adhesives, and sealants under the Midwest Rubber brand
- Reclaimed rubber under the Rubber Resources brand
Elgi Rubber is renowned for its commitment to innovation and quality. Its products are widely used in various industries, including tire manufacturing, rubber processing, and automotive maintenance.
Elgi Rubber Company Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 648.04 Crore | Market valuation of Elgi Rubber Company's shares. |
| Revenue (TTM) | 387.66 Crore | Total revenue generated by Elgi Rubber Company over the past twelve months. |
| Net Income (TTM) | +26.87 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 0.94% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 6.93% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +1.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +300.39% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 161.76 | Company's total debt divided by total shareholder equity. |
| Total Debt | 306.93 Crore | Sum of Elgi Rubber Company's current & long-term financial obligations. |
| Total Cash | 4.56 Crore | Total amount of liquid funds available to Elgi Rubber Company. |
| Beta | 0.63 | Beta is less than 1 indicating that the Elgi Rubber Company's price is less volatile than the market. |
Is Elgi Rubber Company A Good Buy For Long Term?
Elgi Rubber Company, a small-cap stock with a market capitalization of ₹596.09 crore, shows impressive growth: 142.56% return over the past year and 430.51% over the past three years. However, a significant debt of ₹306.93 crore (Q1 2024-25) against a meager cash balance of ₹4.56 crore raises concerns. While its recent profitability (₹26.87 crore net profit on ₹387.66 crore revenue in TTM) and high return percentages are positive, the substantial debt-to-equity ratio makes it a risky investment. Therefore, it's currently an average buy for long-term investors who can tolerate higher risk. Further due diligence is strongly recommended.
To predict the Elgi Rubber Company's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Elgi Rubber Company Share Price Target For 2024
The line chart displays the monthly closing prices of Elgi Rubber Company with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Elgi Rubber Company shares in 2024, see the table below.
Elgi Rubber Company Share Price Target Table For 2024
| Elgi Rubber Company's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 102.50 (+2.5%) | Price Action: 17 Oct 2024 Low |
| 2024 Target 2 | 100.99 (+0.98%) | Price Action: 22 Oct 2024 High |
| 2024 Target 1 | 99.75 (-0.25%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 100.00 | Elgi Rubber Company's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 97.66 (-2.35%) | Price Action: Chart |
| Stop Loss 2 | 96.00 (-4%) | Price Action: 29 Oct 2024 High |
| Stop Loss 3 | 94.88 (-5.13%) | Price Action: Oct 2024 High |
Summary: Elgi Rubber Company Share Price Prediction For 2024
In summary, Elgi Rubber Company has surged by ₹41.64, achieving a notable +71.98% increase from 1st January 2024 to 22 Nov 2024. Our analysis of Elgi Rubber Company for 2024 predicts an additional rise of -0.25% to 2.5% by the end of 2024 with three potential targets T1: 99.75, T2: 100.99, T3: 102.50. Stop Loss at SL1: 97.66, SL2: 96.00, SL3: 94.88.
Elgi Rubber Company has a 52-week high of ₹139.94, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹44.70, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Elgi Rubber Company.
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Elgi Rubber Company Share Price Target For 2025
The line chart displays the monthly closing prices of Elgi Rubber Company with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Elgi Rubber Company shares in 2025, see the table below.
Elgi Rubber Company Share Price Target Table For 2025
| Elgi Rubber Company's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 142.60 (+42.59%) | Price Action: Chart |
| 2025 Target 2 | 139.94 (+39.94%) | Price Action: 06 Nov 2024 High |
| 2025 Target 1 | 138.53 (+38.53%) | Fibonacci Extension Level 150% |
| Current Price | 100.00 | Elgi Rubber Company's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 88.55 (-11.46%) | Price Action: 30 Oct 2024 Low |
| Stop Loss 2 | 87.21 (-12.8%) | Price Action: 28 Oct 2024 Low |
| Stop Loss 3 | 86.24 (-13.77%) | Price Action: Oct 2024 Low |
Summary: Elgi Rubber Company Share Price Prediction For 2025
In summary, Elgi Rubber Company has surged by ₹41.64, achieving a notable +71.98% increase from 1st January 2024 to 22 Nov 2024. Our analysis of Elgi Rubber Company for 2025 predicts an additional rise of 38.53% to 42.59% by the end of 2025 with three potential targets T1: 138.53, T2: 139.94, T3: 142.60. Stop Loss at SL1: 88.55, SL2: 87.21, SL3: 86.24.
Elgi Rubber Company has a All-Time high of ₹139.94, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹44.70, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Elgi Rubber Company, we have created a specific page for that check here: Elgi Rubber Company Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Elgi Rubber Company Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Elgi Rubber Company share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 16.45% over the next 15 years.
For complete year by year Elgi Rubber Company long term share price target from 2024, 2025 to 2039 check the below table.
Elgi Rubber Company Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Elgi Rubber Company Target | YoY Change % |
|---|---|---|
| 2024 | ₹100 | [Current Price] |
| 2024 | ₹108.34 | 8.34% |
| 2025 | ₹180.74 | 66.82% |
| 2026 | ₹243.53 | 34.74% |
| 2027 | ₹252.32 | 3.6% |
| 2028 | ₹296.95 | 17.69% |
| 2029 | ₹381.24 | 28.38% |
| 2030 | ₹483.48 | 26.81% |
| 2031 | ₹549.1 | 13.57% |
| 2032 | ₹505.41 | -7.96% |
| 2033 | ₹545.05 | 7.84% |
| 2034 | ₹654.14 | 20.01% |
| 2035 | ₹786.23 | 20.19% |
| 2036 | ₹854.66 | 8.7% |
| 2037 | ₹758.49 | -11.26% |
| 2038 | ₹793.15 | 4.56% |
| 2039 | ₹913.89 | 15.22% |
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Elgi Rubber Company Past Performance
- In 2008, Elgi Rubber Company opening price was ₹35.7
- As of Fri 22 Nov 2024 the price stands at ₹100.
- This represents a Compound Annual Growth Rate (CAGR) of 6.25%.
- In 16 years, an investment of 10,000 would have become ₹28,011.2.
As we wrap up, we hope you like our study on Elgi Rubber Company share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
